IBM - Options Database

IBM

IBM CORP

$237.49 -4.38%

$237.62 (+0.05%)🌙

as of 09/16 04:00 PM

(9/16 15:00) ◀

Wednesday, September 16, 2026 (4:00pm)

▶ (9/18 18:35)

◀ 9/16 16:00 ▶

Option Volume

Detail

ℹ

Current (09/16 4:00pm) 54,901

Calls: 38,533 (70%)

Puts: 16,368 (30%)

Prior (09/14) 97,919

Calls: 77,908 (80%)

Puts: 20,011 (20%)

Current vs Prior -43.93%

Calls: -50.54% (Calls)

Puts: -18.20% (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 -51.08%

Calls: -47.19%

Puts: -58.31%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/16 4:00pm) $25.07M

Calls: $16.16M (64%)

Puts: $8.91M (36%)

Prior (09/14) $64.10M

Calls: $46.66M (73%)

Puts: $17.43M (27%)

Current vs Prior -60.88%

Calls: -65.37%

Puts: -48.88%

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 -69.29%

Calls: -61.81%

Puts: -77.34%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/16 4:00pm) 0.42

Prior (09/14) 0.26

Current vs Prior +65.38%

Prior 7-Day Average 0.41

Current vs Prior 7-Day Avg +3.98%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/16 4:00pm) 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 3.00% | 4.93%3.00% | 8.81%

Prior 3.90% | 5.34%3.90% | 8.96%

Current vs Prior -23.09% | -7.65%-23.09% | -1.69%

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

Current vs 7-Day Avg -41.80% | -34.35%-65.84% | -37.44%

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

Current vs 7-Day Eod -23.09% | -7.65%-14.22% | -1.89%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Prior 12.35% | 12.93%

Calls: 12.55% | 11.11%

Puts: 12.14% | 14.75%

Current vs Prior +45.67% | -25.52%

Prior 7-Day Avg 13.71% | 13.40%

Calls: 11.58% | 11.24%

Puts: 15.83% | 15.55%

Current vs 7-Day Avg +31.23% | -28.13%

Liquidity Expensive

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Moderately bullish flow with 64% call dollar volume ($16.16M). Light premium activity with dollar volume down 61% vs prior. Below-average activity with volume down 44% vs prior. Extreme bullish P/C ratio of 0.42 - heavy call buying (38,533 calls vs 16,368 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
16:00	BULLISH	BULLISH	BULLISH
15:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH

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💰 Best Value Under $1

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🔥 High Volume

⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 64 of results (avg 7.1%, best 3.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 30	16.00	16.60	$16.30	3.7%	1	0.56	5
$240.00	Oct 16	8.45	8.80	$8.63	4.1%	261	0.48	3.4K
$190.00	Sep 18	46.90	49.05	$47.97	4.5%	8	0.99	225
$190.00	Oct 16	47.80	50.15	$48.97	4.8%	--	0.97	100
$195.00	Oct 16	42.95	45.15	$44.05	5.0%	--	0.96	60

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 16	7.55	7.85	$7.70	3.9%	140	0.44	3.8K
$230.00	Oct 16	5.50	5.75	$5.63	4.4%	216	0.35	813
$280.00	Sep 18	41.20	43.20	$42.20	4.7%	--	1.00	47
$280.00	Oct 30	43.00	45.35	$44.18	5.3%	1	0.83	--
$225.00	Oct 30	8.15	8.60	$8.38	5.4%	50	0.33	33

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.63, cheapest $0.23)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Sep 18	0.22	0.24	$0.23	8.7%	2.5K	0.07	4.6K
$245.00	Sep 18	0.65	0.72	$0.69	10.1%	1.9K	0.17	2.7K

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$222.50	Sep 25	0.71	0.85	$0.78	17.9%	1.3K	0.12	21
$205.00	Oct 16	0.77	0.87	$0.82	12.2%	65	0.07	2.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 106 found (avg delta 0.79, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 18	36.55	39.10	$37.83	6.7%	114	1.00	281
$205.00	Sep 18	31.45	34.15	$32.80	8.2%	7	1.00	309
$207.50	Sep 18	28.70	32.30	$30.50	11.8%	6	1.00	3
$210.00	Sep 18	26.90	29.20	$28.05	8.2%	10	1.00	708
$190.00	Oct 2	46.55	49.50	$48.03	6.1%	1	0.99	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Sep 18	16.05	18.60	$17.33	14.7%	13	1.00	109
$260.00	Sep 18	21.05	23.20	$22.13	9.7%	16	1.00	740
$265.00	Sep 18	26.20	28.20	$27.20	7.4%	2	1.00	402
$270.00	Sep 18	31.30	33.20	$32.25	5.9%	--	1.00	203
$275.00	Sep 18	36.15	38.20	$37.17	5.5%	--	1.00	69

Most actively traded options today. High liquidity = easy entry/exit. 255 active (total vol 45.1K, top 4.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Sep 18	0.05	0.09	$0.07	57.1%	4.4K	0.02	6.6K
$255.00	Sep 18	0.09	0.12	$0.11	27.3%	2.8K	0.03	4.6K
$250.00	Sep 18	0.22	0.24	$0.23	8.7%	2.5K	0.07	4.6K
$252.50	Sep 18	0.12	0.21	$0.16	56.2%	2.4K	0.05	1.1K
$245.00	Sep 18	0.65	0.72	$0.69	10.1%	1.9K	0.17	2.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$222.50	Sep 25	0.71	0.85	$0.78	17.9%	1.3K	0.12	21
$227.50	Sep 25	1.48	1.79	$1.64	18.9%	1.2K	0.21	342
$230.00	Sep 18	0.41	0.53	$0.47	25.5%	561	0.13	5.9K
$240.00	Sep 18	3.65	4.30	$3.97	16.4%	532	0.62	3.1K
$247.50	Sep 18	9.05	11.70	$10.38	25.5%	448	0.90	334

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 15.4%, max 19.3%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$237.50	Sep 18	Oct 2	40.2%	33.7%	19.3%	303	730
$242.50	Sep 18	Oct 2	42.0%	36.8%	14.2%	1.1K	1.1K
$232.50	Sep 18	Oct 2	38.6%	34.3%	12.6%	60	405

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$237.50	Sep 18	Oct 2	40.2%	33.7%	19.3%	376	588
$242.50	Sep 18	Oct 2	42.0%	36.8%	14.2%	138	1.0K
$232.50	Sep 18	Oct 2	38.6%	34.3%	12.6%	193	892

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 156 found (best R:R 1.53, avg 6.09)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$245.00	Oct 30	$1.87	$3.13	$1.87	50%	1.67	$241.87
$270.00	$275.00	Oct 30	$0.53	$4.47	$0.53	22%	8.43	$270.53
$245.00	$250.00	Oct 23	$1.67	$3.33	$1.67	45%	1.99	$246.67
$225.00	$235.00	Oct 30	$5.85	$4.15	$5.85	67%	0.71	$230.85
$240.00	$245.00	Oct 23	$2.03	$2.97	$2.03	50%	1.46	$242.03

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$245.00	$240.00	Oct 23	$1.98	$3.02	$1.98	55%	1.53	$243.02
$245.00	$240.00	Oct 30	$2.25	$2.75	$2.25	55%	1.22	$242.75
$245.00	$242.50	Sep 18	$1.67	$0.83	$1.67	84%	0.50	$243.33
$240.00	$237.50	Sep 18	$1.25	$1.25	$1.25	62%	1.00	$238.75
$240.00	$237.50	Oct 2	$1.17	$1.33	$1.17	54%	1.14	$238.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 120 found (best R:R 1.00, avg 0.29)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$262.50	$265.00	Sep 25	$0.23	$0.23	$2.27	94%	0.10	$262.73
$247.50	$250.00	Oct 2	$0.81	$0.81	$1.69	68%	0.48	$248.31
$260.00	$265.00	Oct 9	$0.75	$0.75	$4.25	82%	0.18	$260.75
$260.00	$265.00	Oct 30	$1.45	$1.45	$3.55	69%	0.41	$261.45
$265.00	$270.00	Oct 30	$1.22	$1.22	$3.78	73%	0.32	$266.22

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$225.00	Oct 23	$2.50	$2.50	$2.50	62%	1.00	$227.50
$235.00	$230.00	Oct 30	$2.45	$2.45	$2.55	56%	0.96	$232.55
$220.00	$215.00	Oct 30	$1.56	$1.56	$3.44	72%	0.45	$218.44
$230.00	$225.00	Oct 9	$1.68	$1.68	$3.32	67%	0.51	$228.32
$230.00	$225.00	Oct 30	$2.07	$2.07	$2.93	61%	0.71	$227.93

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.32, cheapest $2.08)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$235.00	Sep 18	Sep 25	$2.38	40.1%	33.7%
$237.50	Sep 18	Sep 25	$2.43	40.2%	33.9%
$240.00	Sep 18	Sep 25	$2.41	40.8%	35.7%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$235.00	Sep 18	Sep 25	$2.08	40.1%	33.7%
$237.50	Sep 18	Sep 25	$2.21	40.2%	33.9%
$240.00	Sep 18	Sep 25	$2.41	40.8%	35.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 77 found (cheapest 2.41% of stock, avg 7.64%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$237.50	Sep 18	$3.00	$2.72	$5.72	$231.78	$243.22	2.41%
$240.00	Sep 18	$1.89	$3.97	$5.86	$234.14	$245.86	2.47%
$235.00	Sep 18	$4.40	$1.65	$6.05	$228.95	$241.05	2.55%
$242.50	Sep 18	$1.19	$5.90	$7.09	$235.41	$249.59	2.99%
$232.50	Sep 18	$6.28	$0.85	$7.13	$225.37	$239.63	3.00%
$245.00	Sep 18	$0.69	$7.57	$8.26	$236.74	$253.26	3.48%
$230.00	Sep 18	$8.28	$0.47	$8.75	$221.25	$238.75	3.68%
$237.50	Sep 25	$5.43	$4.93	$10.36	$227.14	$247.86	4.36%
$235.00	Sep 25	$6.78	$3.73	$10.51	$224.49	$245.51	4.43%
$240.00	Sep 25	$4.30	$6.38	$10.68	$229.32	$250.68	4.50%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.20% of stock, avg 4.33%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$250.00	$227.50	Sep 18	$0.23	$0.24	$0.47	$227.03	$250.47
$247.50	$227.50	Sep 18	$0.43	$0.24	$0.67	$226.83	$248.17
$250.00	$230.00	Sep 18	$0.23	$0.47	$0.70	$229.30	$250.70
$247.50	$230.00	Sep 18	$0.43	$0.47	$0.90	$229.10	$248.40
$245.00	$227.50	Sep 18	$0.69	$0.24	$0.93	$226.57	$245.93
$245.00	$230.00	Sep 18	$0.69	$0.47	$1.16	$228.84	$246.16
$250.00	$232.50	Sep 18	$0.23	$0.85	$1.08	$231.42	$251.08
$247.50	$232.50	Sep 18	$0.43	$0.85	$1.28	$231.22	$248.78
$245.00	$232.50	Sep 18	$0.69	$0.85	$1.54	$230.96	$246.54
$242.50	$227.50	Sep 18	$1.19	$0.24	$1.43	$226.07	$243.93

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 269 found (best R:R 0.53, avg credit $1.20)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
225/228	262/265	Sep 25	$0.87	$1.63	72%	0.53	$226.63	$263.37
200/202	262/265	Sep 25	$0.36	$2.14	91%	0.17	$202.14	$262.86
220/222	262/265	Sep 25	$0.55	$1.95	82%	0.28	$221.95	$263.05
210/212	262/265	Sep 25	$0.35	$2.15	90%	0.16	$212.15	$262.85
215/218	248/250	Oct 2	$1.16	$1.34	57%	0.87	$216.34	$248.66
225/228	258/260	Sep 25	$0.84	$1.66	69%	0.51	$226.66	$258.34
190/195	262/265	Sep 25	$0.50	$4.50	91%	0.11	$194.50	$263.00
215/220	260/265	Oct 30	$3.01	$1.99	40%	1.51	$216.99	$263.01
215/220	265/270	Oct 30	$2.78	$2.22	45%	1.25	$217.22	$267.78
200/202	258/260	Sep 25	$0.33	$2.17	88%	0.15	$202.17	$257.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 152 found (best R:R 49.00, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$230.00	$235.00	Oct 16	$0.10	$4.90	17%	49.00
$200.00	$210.00	$220.00	Oct 2	$0.38	$9.62	12%	25.32
$255.00	$260.00	$265.00	Oct 9	$0.11	$4.89	11%	44.45
$240.00	$245.00	$250.00	Oct 9	$0.27	$4.73	17%	17.52
$245.00	$250.00	$255.00	Oct 9	$0.23	$4.77	15%	20.74

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$230.00	$235.00	Oct 9	$0.24	$4.76	19%	19.83
$230.00	$235.00	$240.00	Oct 16	$0.21	$4.79	17%	22.81
$235.00	$240.00	$245.00	Oct 9	$0.27	$4.73	18%	17.52
$230.00	$235.00	$240.00	Oct 30	$0.08	$4.92	11%	61.50
$235.00	$237.50	$240.00	Sep 18	$0.18	$2.32	28%	12.89

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 147 found (best net $-3.48, 135 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$195.00	$215.00	1:2	Sep 25	-$3.48	$16.52
$205.00	$230.00	1:2	Oct 23	-$0.31	$24.69
$200.00	$225.00	1:2	Oct 30	-$2.92	$22.08
$237.50	$240.00	1:2	Sep 18	-$0.78	$1.72
$242.50	$245.00	1:2	Sep 18	-$0.19	$2.31

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$235.00	$232.50	1:2	Sep 18	-$0.05	$2.45
$237.50	$235.00	1:2	Sep 18	-$0.58	$1.92
$232.50	$230.00	1:2	Sep 18	-$0.09	$2.41
$230.00	$227.50	1:2	Sep 18	-$0.01	$2.49
$220.00	$215.00	1:2	Oct 9	-$0.47	$4.53

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 4.67%, avg 1.50%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$245.00	Oct 30	$11.10	0.45	3.2%	4.67%	7.84%	51	29
$240.00	Oct 30	$12.80	0.50	1.1%	5.39%	6.45%	20	16
$250.00	Oct 23	$8.85	0.40	5.3%	3.73%	8.99%	167	64
$245.00	Oct 23	$10.35	0.45	3.2%	4.36%	7.52%	41	49
$250.00	Oct 30	$8.65	0.40	5.3%	3.64%	8.91%	15	89
$240.00	Oct 23	$12.20	0.51	1.1%	5.14%	6.19%	46	103
$255.00	Oct 30	$7.20	0.36	7.4%	3.03%	10.40%	34	93
$260.00	Oct 30	$6.30	0.31	9.5%	2.65%	12.13%	17	53
$255.00	Oct 23	$6.75	0.35	7.4%	2.84%	10.22%	43	70
$260.00	Oct 23	$5.60	0.30	9.5%	2.36%	11.84%	8	130

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Current Put/Call Breakdown

Total Calls 38,533

Total Puts 16,368

Put/Call Ratio 0.42

Net Difference 22,165

Prior's Put/Call Breakdown

Total Calls 77,908

Total Puts 20,011

Put/Call Ratio 0.26

Net Difference 57,897

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
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
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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

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