IBM - Options Database

IBM

IBM CORP

$237.91 -4.21%

(9/16 13:00) ◀

Wednesday, September 16, 2026 (3:00pm)

▶

◀ 9/16 15:00

Option Volume

Detail

ℹ

Current (09/16 3:00pm) 40,573

Calls: 30,051 (74%)

Puts: 10,522 (26%)

Prior (09/14) 87,352

Calls: 70,274 (80%)

Puts: 17,078 (20%)

Current vs Prior -53.55%

Calls: -57.24% (Calls)

Puts: -38.39% (Puts)

Prior 7-Day Total 785,565

Calls: 510,748 (65%)

Puts: 274,817 (35%)

Prior 7-Day Average 112,223

Calls: 72,964 (65%)

Puts: 39,259 (35%)

Current vs Prior 7-Day Avg -63.85%

Calls: -58.81%

Puts: -73.20%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/16 3:00pm) $19.19M

Calls: $12.78M (67%)

Puts: $6.42M (33%)

Prior (09/14) $59.62M

Calls: $43.48M (73%)

Puts: $16.13M (27%)

Current vs Prior -67.80%

Calls: -70.62%

Puts: -60.21%

Prior 7-Day Total $571.47M

Calls: $296.21M (52%)

Puts: $275.26M (48%)

Prior 7-Day Average $81.64M

Calls: $42.32M (52%)

Puts: $39.32M (48%)

Current vs Prior 7-Day Avg -76.49%

Calls: -69.81%

Puts: -83.68%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/16 3:00pm) 0.35

Prior (09/14) 0.24

Current vs Prior +44.08%

Prior 7-Day Average 0.41

Current vs Prior 7-Day Avg -14.30%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/16 3:00pm) 671,210

Calls: 381,856 (57%)

Puts: 289,354 (43%)

Prior (09/14) 657,248

Calls: 374,902 (57%)

Puts: 282,346 (43%)

Current vs Prior +2.12%

Prior 7-Day Total 4,799,496

Calls: 2,768,124 (58%)

Puts: 2,031,372 (42%)

Prior 7-Day Average 685,642

Calls: 395,446 (58%)

Puts: 290,196 (42%)

Current vs Prior 7-Day Avg -2.10%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)

Current 3.03% | 4.71%3.03% | 8.64%

Prior 3.90% | 5.34%3.90% | 8.96%

Current vs Prior -22.37% | -11.83%-22.36% | -3.65%

Prior 7-Day Avg 5.15% | 7.51%8.78% | 14.09%

Current vs 7-Day Avg -41.25% | -37.32%-65.51% | -38.69%

Prior 7-Day Eod 3.90% | 5.34%3.49% | 8.98%

Current vs 7-Day Eod -22.37% | -11.83%-13.40% | -3.84%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 13.44% | 14.13%

Calls: 9.38% | 10.22%

Puts: 17.50% | 18.04%

Prior 12.35% | 12.93%

Calls: 12.55% | 11.11%

Puts: 12.14% | 14.75%

Current vs Prior +8.83% | +9.28%

Prior 7-Day Avg 13.71% | 13.40%

Calls: 11.58% | 11.24%

Puts: 15.83% | 15.55%

Current vs 7-Day Avg -1.96% | +5.45%

Liquidity Expensive

Add Card

🤖 AI Insights

Moderately bullish flow with 67% call dollar volume ($12.78M). Light premium activity with dollar volume down 68% vs prior. Below-average activity with volume down 54% vs prior. Extreme bullish P/C ratio of 0.35 - heavy call buying (30,051 calls vs 10,522 puts).

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
15:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH

📈 Options Analysis

🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

🔥 High Volume

⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 50 of results (avg 7.7%, best 4.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 16	10.80	11.30	$11.05	4.5%	56	0.58	2.0K
$242.50	Oct 2	4.80	5.05	$4.93	5.1%	80	0.41	50
$195.00	Sep 18	42.40	44.85	$43.63	5.6%	8	1.00	164
$200.00	Sep 18	37.45	39.65	$38.55	5.7%	114	1.00	281
$210.00	Sep 18	27.45	29.10	$28.28	5.8%	10	1.00	708

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$280.00	Sep 18	40.25	42.70	$41.48	5.9%	--	1.00	47
$285.00	Oct 16	45.25	48.20	$46.73	6.3%	2	0.93	54
$275.00	Sep 18	35.25	37.70	$36.48	6.7%	--	1.00	69
$280.00	Oct 30	42.05	45.20	$43.63	7.2%	1	0.83	--
$280.00	Oct 16	40.45	43.50	$41.98	7.3%	--	0.92	159

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.21, cheapest $0.10)

CALLS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Sep 18	0.09	0.10	$0.10	10.0%	2.6K	0.03	4.6K
$250.00	Sep 18	0.23	0.27	$0.25	16.0%	1.9K	0.07	4.6K
$247.50	Sep 18	0.38	0.45	$0.42	16.7%	588	0.11	1.3K
$260.00	Sep 18	0.05	0.06	$0.06	16.7%	3.9K	0.02	6.6K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 100 found (avg delta 0.79, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 18	37.45	39.65	$38.55	5.7%	114	1.00	281
$205.00	Sep 18	32.40	34.40	$33.40	6.0%	6	1.00	309
$207.50	Sep 18	29.90	32.35	$31.13	7.9%	6	1.00	3
$195.00	Sep 18	42.40	44.85	$43.63	5.6%	8	1.00	164
$210.00	Sep 18	27.45	29.10	$28.28	5.8%	10	1.00	708

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$257.50	Sep 18	17.70	21.00	$19.35	17.1%	1	1.00	2
$260.00	Sep 18	20.25	22.70	$21.48	11.4%	16	1.00	740
$265.00	Sep 18	25.25	27.90	$26.58	10.0%	--	1.00	402
$270.00	Sep 18	30.25	32.80	$31.53	8.1%	--	1.00	203
$275.00	Sep 18	35.25	37.70	$36.48	6.7%	--	1.00	69

Most actively traded options today. High liquidity = easy entry/exit. 246 active (total vol 32.7K, top 3.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Sep 18	0.05	0.06	$0.06	16.7%	3.9K	0.02	6.6K
$255.00	Sep 18	0.09	0.10	$0.10	10.0%	2.6K	0.03	4.6K
$250.00	Sep 18	0.23	0.27	$0.25	16.0%	1.9K	0.07	4.6K
$245.00	Sep 18	0.65	0.80	$0.73	20.5%	1.5K	0.18	2.7K
$252.50	Sep 18	0.14	0.18	$0.16	25.0%	1.4K	0.05	1.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$227.50	Sep 25	1.24	1.53	$1.39	20.9%	554	0.19	342
$222.50	Sep 25	0.59	0.75	$0.67	23.9%	527	0.10	21
$240.00	Sep 18	3.65	4.35	$4.00	17.5%	457	0.60	3.1K
$247.50	Sep 18	8.00	10.40	$9.20	26.1%	434	0.89	334
$230.00	Sep 18	0.40	0.52	$0.46	26.1%	385	0.13	5.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 24.6%, max 31.3%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$237.50	Sep 18	Oct 2	41.0%	31.2%	31.3%	68	730
$232.50	Sep 18	Sep 25	39.1%	31.9%	22.3%	22	461
$242.50	Sep 18	Oct 2	41.4%	34.3%	20.7%	973	1.1K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$237.50	Sep 18	Oct 2	41.0%	31.2%	31.3%	293	588
$232.50	Sep 18	Oct 2	39.1%	32.3%	21.1%	101	892
$242.50	Sep 18	Oct 2	41.4%	34.3%	20.7%	128	1.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 150 found (best R:R 1.79, avg 6.56)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$235.00	$240.00	Oct 23	$1.79	$3.21	$1.79	58%	1.79	$236.79
$260.00	$265.00	Oct 23	$0.72	$4.28	$0.72	31%	5.94	$260.72
$240.00	$245.00	Oct 30	$1.75	$3.25	$1.75	52%	1.86	$241.75
$270.00	$275.00	Oct 30	$0.48	$4.52	$0.48	25%	9.42	$270.48
$225.00	$240.00	Oct 30	$8.65	$6.35	$8.65	68%	0.73	$233.65

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$210.00	$205.00	Oct 30	$0.30	$4.70	$0.30	17%	15.67	$209.70
$247.50	$245.00	Sep 25	$1.40	$1.10	$1.40	75%	0.79	$246.10
$242.50	$240.00	Sep 18	$1.28	$1.22	$1.28	72%	0.95	$241.22
$252.50	$250.00	Oct 2	$1.60	$0.90	$1.60	78%	0.56	$250.90
$245.00	$240.00	Oct 9	$2.55	$2.45	$2.55	62%	0.96	$242.45

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 117 found (best R:R 0.35, avg 0.29)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$275.00	$280.00	Oct 30	$1.32	$1.32	$3.68	78%	0.36	$276.32
$265.00	$270.00	Oct 23	$1.40	$1.40	$3.60	72%	0.39	$266.40
$240.00	$245.00	Oct 23	$2.63	$2.63	$2.37	48%	1.11	$242.63
$280.00	$285.00	Oct 9	$0.27	$0.27	$4.73	94%	0.06	$280.27
$242.50	$245.00	Oct 2	$1.00	$1.00	$1.50	58%	0.67	$243.50

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$205.00	$200.00	Oct 30	$1.30	$1.30	$3.70	85%	0.35	$203.70
$215.00	$210.00	Oct 30	$1.58	$1.58	$3.42	78%	0.46	$213.42
$210.00	$205.00	Oct 23	$1.15	$1.15	$3.85	83%	0.30	$208.85
$230.00	$225.00	Oct 23	$2.10	$2.10	$2.90	63%	0.72	$227.90
$230.00	$227.50	Oct 2	$1.01	$1.01	$1.49	70%	0.68	$228.99

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.04, cheapest $1.80)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$237.50	Sep 18	Sep 25	$2.18	41.0%	32.2%
$240.00	Sep 18	Sep 25	$2.28	40.9%	34.5%
$235.00	Sep 18	Sep 25	$2.15	40.1%	33.8%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$237.50	Sep 18	Sep 25	$1.80	41.0%	32.2%
$240.00	Sep 18	Sep 25	$1.82	40.9%	34.5%
$235.00	Sep 18	Sep 25	$1.98	40.1%	33.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 75 found (cheapest 2.48% of stock, avg 7.39%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$237.50	Sep 18	$3.20	$2.70	$5.90	$231.60	$243.40	2.48%
$240.00	Sep 18	$2.02	$4.00	$6.02	$233.98	$246.02	2.53%
$235.00	Sep 18	$4.60	$1.60	$6.20	$228.80	$241.20	2.61%
$242.50	Sep 18	$1.24	$5.28	$6.52	$235.98	$249.02	2.74%
$232.50	Sep 18	$6.53	$0.84	$7.37	$225.13	$239.87	3.10%
$245.00	Sep 18	$0.73	$7.18	$7.91	$237.09	$252.91	3.32%
$230.00	Sep 18	$8.53	$0.46	$8.99	$221.01	$238.99	3.78%
$247.50	Sep 18	$0.42	$9.20	$9.62	$237.88	$257.12	4.04%
$237.50	Sep 25	$5.38	$4.50	$9.88	$227.62	$247.38	4.15%
$240.00	Sep 25	$4.30	$5.82	$10.12	$229.88	$250.12	4.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.19% of stock, avg 4.13%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$250.00	$227.50	Sep 18	$0.25	$0.21	$0.46	$227.04	$250.46
$247.50	$227.50	Sep 18	$0.42	$0.21	$0.63	$226.87	$248.13
$250.00	$230.00	Sep 18	$0.25	$0.46	$0.71	$229.29	$250.71
$247.50	$230.00	Sep 18	$0.42	$0.46	$0.88	$229.12	$248.38
$245.00	$227.50	Sep 18	$0.73	$0.21	$0.94	$226.56	$245.94
$245.00	$230.00	Sep 18	$0.73	$0.46	$1.19	$228.81	$246.19
$250.00	$232.50	Sep 18	$0.25	$0.84	$1.09	$231.41	$251.09
$247.50	$232.50	Sep 18	$0.42	$0.84	$1.26	$231.24	$248.76
$245.00	$232.50	Sep 18	$0.73	$0.84	$1.57	$230.93	$246.57
$242.50	$227.50	Sep 18	$1.24	$0.21	$1.45	$226.05	$243.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 273 found (best R:R 1.10, avg credit $1.14)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
200/205	275/280	Oct 30	$2.62	$2.38	63%	1.10	$202.38	$277.62
210/215	275/280	Oct 30	$2.90	$2.10	56%	1.38	$212.10	$277.90
205/210	265/270	Oct 23	$2.55	$2.45	55%	1.04	$207.45	$267.55
200/205	280/285	Oct 30	$1.89	$3.11	68%	0.61	$203.11	$281.89
215/220	275/280	Oct 30	$2.69	$2.31	51%	1.16	$217.31	$277.69
220/225	275/280	Oct 30	$2.90	$2.10	46%	1.38	$222.10	$277.90
210/215	280/285	Oct 30	$2.17	$2.83	60%	0.77	$212.83	$282.17
228/230	250/252	Oct 2	$1.57	$0.93	44%	1.69	$228.43	$251.57
200/205	265/270	Oct 23	$2.21	$2.79	59%	0.79	$202.79	$267.21
228/230	258/260	Oct 2	$1.29	$1.21	54%	1.07	$228.71	$258.79

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 142 found (best R:R 40.67, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$245.00	$250.00	$255.00	Oct 9	$0.17	$4.83	16%	28.41
$215.00	$220.00	$225.00	Oct 16	$0.08	$4.92	12%	61.50
$230.00	$232.50	$235.00	Sep 18	$0.07	$2.43	21%	34.71
$235.00	$240.00	$245.00	Oct 9	$0.38	$4.62	20%	12.16
$235.00	$237.50	$240.00	Sep 18	$0.22	$2.28	27%	10.36

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$235.00	$240.00	$245.00	Oct 9	$0.12	$4.88	20%	40.67
$230.00	$235.00	$240.00	Oct 16	$0.18	$4.82	17%	26.78
$245.00	$250.00	$255.00	Oct 16	$0.11	$4.89	15%	44.45
$215.00	$220.00	$225.00	Oct 16	$0.08	$4.92	12%	61.50
$235.00	$237.50	$240.00	Sep 18	$0.20	$2.30	27%	11.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 143 found (best net $-0.82, 134 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$205.00	$230.00	1:2	Oct 23	-$0.82	$24.18
$195.00	$215.00	1:2	Sep 25	-$4.81	$15.19
$225.00	$240.00	1:2	Oct 30	-$5.40	$9.60
$240.00	$242.50	1:2	Sep 18	-$0.46	$2.04
$237.50	$240.00	1:2	Sep 18	-$0.84	$1.66

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$235.00	$232.50	1:2	Sep 18	-$0.08	$2.42
$237.50	$235.00	1:2	Sep 18	-$0.50	$2.00
$232.50	$230.00	1:2	Sep 18	-$0.08	$2.42
$220.00	$215.00	1:2	Oct 9	-$0.31	$4.69
$210.00	$205.00	1:2	Oct 9	-$0.02	$4.98

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 66 found (best yield 4.73%, avg 1.44%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$245.00	Oct 30	$11.25	0.47	3.0%	4.73%	7.71%	46	29
$250.00	Oct 30	$9.40	0.42	5.1%	3.95%	9.03%	14	89
$240.00	Oct 30	$13.25	0.52	0.9%	5.57%	6.45%	19	16
$255.00	Oct 30	$7.80	0.37	7.2%	3.28%	10.46%	23	93
$245.00	Oct 23	$10.55	0.46	3.0%	4.43%	7.41%	39	49
$250.00	Oct 23	$8.80	0.41	5.1%	3.70%	8.78%	158	64
$240.00	Oct 23	$12.45	0.52	0.9%	5.23%	6.11%	36	103
$260.00	Oct 30	$6.40	0.32	9.3%	2.69%	11.98%	17	53
$255.00	Oct 23	$7.00	0.36	7.2%	2.94%	10.13%	40	70
$265.00	Oct 30	$5.35	0.28	11.4%	2.25%	13.64%	3	21

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 30,051

Total Puts 10,522

Put/Call Ratio 0.35

Net Difference 19,529

Prior's Put/Call Breakdown

Total Calls 70,274

Total Puts 17,078

Put/Call Ratio 0.24

Net Difference 53,196

Prior 7-Day Put/Call Summary

Total Calls 510,748

Total Puts 274,817

Average Put/Call Ratio 0.41

Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
Loading data...

Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

Add Card