IBM - Options Database

IBM

IBM CORP

$232.45 +5.69%

(9/30 00:08) ◀

Thursday, October 1, 2026 (9:35am)

▶ (10/1 09:40)

◀ 10/1 09:35 ▶

Option Volume

Detail

ℹ

Current (10/01 9:35am) 12,584

Calls: 10,672 (85%)

Puts: 1,912 (15%)

Prior (09/14) 10,668

Calls: 9,875 (93%)

Puts: 793 (7%)

Current vs Prior +17.96%

Calls: +8.07% (Calls)

Puts: +141.11% (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 -88.79%

Calls: -85.37%

Puts: -95.13%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 9:35am) $7.11M

Calls: $6.29M (88%)

Puts: $822.1K (12%)

Prior (09/14) $6.21M

Calls: $6.02M (97%)

Puts: $189.6K (3%)

Current vs Prior +14.46%

Calls: +4.41%

Puts: +333.53%

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 -91.29%

Calls: -85.14%

Puts: -97.91%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 9:35am) 0.18

Prior (09/14) 0.08

Current vs Prior +123.10%

Prior 7-Day Average 0.41

Current vs Prior 7-Day Avg -56.14%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 9:35am) 599,107

Calls: 332,364 (55%)

Puts: 266,743 (45%)

Prior (09/14) 657,248

Calls: 374,902 (57%)

Puts: 282,346 (43%)

Current vs Prior -8.85%

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 -12.62%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (10/02) | Next (10/09)Expiry (10/16) | Next (11/20)

Current 3.22% | 5.31%6.27% | 13.42%

Prior 3.90% | 5.34%3.90% | 8.96%

Current vs Prior -17.34% | -0.50%+60.90% | +49.72%

Prior 7-Day Avg 5.15% | 7.51%7.95% | 13.33%

Current vs 7-Day Avg -37.45% | -29.26%-21.10% | +0.66%

Prior 7-Day Eod 3.90% | 5.34%5.87% | 13.28%

Current vs 7-Day Eod -17.34% | -0.50%+6.77% | +1.06%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 29.80% | 33.39%

Calls: 17.39% | 23.53%

Puts: 42.21% | 43.24%

Prior 12.35% | 12.93%

Calls: 12.55% | 11.11%

Puts: 12.14% | 14.75%

Current vs Prior +141.30% | +158.24%

Prior 7-Day Avg 13.71% | 13.40%

Calls: 11.58% | 11.24%

Puts: 15.83% | 15.55%

Current vs 7-Day Avg +117.38% | +149.18%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($6.29M) vs puts ($822.1K). Extreme bullish P/C ratio of 0.18 - heavy call buying (10,672 calls vs 1,912 puts). P/C ratio rising 123% - increased hedging/bearish positioning.

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
09:35	BULLISH	BULLISH	BULLISH

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💰 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

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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 10 of results (avg 8.5%, best 7.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	2.05	2.20	$2.13	7.0%	1.3K	0.40	1.8K
$190.00	Oct 16	41.50	44.85	$43.18	7.8%	--	0.99	124
$215.00	Oct 30	22.65	24.65	$23.65	8.5%	6	0.74	21
$235.00	Oct 23	10.10	11.00	$10.55	8.5%	22	0.48	588
$195.00	Oct 16	36.55	39.85	$38.20	8.6%	--	0.98	57

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	35.85	39.00	$37.42	8.4%	--	1.00	11
$275.00	Oct 16	40.35	43.95	$42.15	8.5%	--	1.00	22

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.70, cheapest $0.70)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Oct 16	0.65	0.75	$0.70	14.3%	53	0.08	5.2K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 78 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 2	31.25	34.60	$32.92	10.2%	--	1.00	155
$195.00	Oct 9	36.50	39.95	$38.23	9.0%	1	1.00	1
$205.00	Oct 9	26.55	29.65	$28.10	11.0%	5	1.00	5
$210.00	Oct 2	21.35	24.55	$22.95	13.9%	--	0.99	40
$190.00	Oct 16	41.50	44.85	$43.18	7.8%	--	0.99	124

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	35.85	39.00	$37.42	8.4%	--	1.00	11
$275.00	Oct 16	40.35	43.95	$42.15	8.5%	--	1.00	22
$265.00	Oct 16	30.50	34.00	$32.25	10.9%	--	0.94	38
$260.00	Oct 16	26.00	29.10	$27.55	11.3%	2	0.92	63
$255.00	Oct 16	21.30	24.55	$22.93	14.2%	--	0.88	276

Most actively traded options today. High liquidity = easy entry/exit. 162 active (total vol 10.9K, top 1.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	2.05	2.20	$2.13	7.0%	1.3K	0.40	1.8K
$240.00	Oct 2	0.69	0.89	$0.79	25.3%	763	0.19	1.8K
$235.00	Oct 16	5.40	6.40	$5.90	16.9%	644	0.47	4.9K
$250.00	Oct 16	1.52	1.80	$1.66	16.9%	598	0.18	5.6K
$230.00	Oct 2	4.20	5.00	$4.60	17.4%	366	0.65	1.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	1.95	2.19	$2.07	11.6%	275	0.35	985
$220.00	Oct 2	0.15	0.26	$0.21	52.4%	182	0.06	2.4K
$225.00	Oct 2	0.56	0.83	$0.70	38.6%	175	0.16	654
$205.00	Oct 16	0.29	0.39	$0.34	29.4%	154	0.04	2.5K
$215.00	Oct 30	4.30	5.85	$5.07	30.6%	93	0.26	164

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 43.5%, max 65.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$232.50	Oct 2	Oct 16	55.3%	33.8%	63.5%	339	1.2K
$237.50	Oct 2	Oct 16	56.7%	34.8%	63.0%	334	744
$227.50	Oct 2	Oct 16	58.0%	36.0%	61.1%	244	1.1K
$225.00	Oct 2	Nov 6	58.9%	42.8%	37.6%	234	1.6K
$230.00	Oct 2	Nov 6	56.5%	42.9%	31.6%	369	1.5K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	59.5%	36.0%	65.2%	83	429
$232.50	Oct 2	Oct 16	55.3%	33.8%	63.5%	17	335
$237.50	Oct 2	Oct 9	56.7%	39.8%	42.4%	4	73
$225.00	Oct 2	Nov 6	59.7%	42.8%	39.6%	175	672
$230.00	Oct 2	Nov 6	56.5%	42.9%	31.6%	275	998

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 137 found (best R:R 0.63, avg 5.25)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$222.50	$225.00	Oct 2	$1.53	$0.97	$1.53	90%	0.63	$224.03
$230.00	$235.00	Oct 30	$1.97	$3.03	$1.97	56%	1.54	$231.97
$222.50	$225.00	Oct 16	$1.20	$1.30	$1.20	74%	1.08	$223.70
$245.00	$250.00	Oct 23	$1.00	$4.00	$1.00	35%	4.00	$246.00
$245.00	$250.00	Oct 30	$1.12	$3.88	$1.12	36%	3.46	$246.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$227.50	Oct 9	$0.49	$2.01	$0.49	42%	4.10	$229.51
$237.50	$235.00	Oct 9	$1.12	$1.38	$1.12	64%	1.23	$236.38
$232.50	$230.00	Oct 16	$0.73	$1.77	$0.73	48%	2.42	$231.77
$235.00	$232.50	Oct 9	$0.98	$1.52	$0.98	56%	1.55	$234.02
$240.00	$235.00	Oct 16	$2.75	$2.25	$2.75	65%	0.82	$237.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 104 found (best R:R 1.02, avg 0.32)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$272.50	$275.00	Oct 2	$0.55	$0.55	$1.95	94%	0.28	$273.05
$265.00	$270.00	Nov 13	$1.28	$1.28	$3.72	80%	0.34	$266.28
$240.00	$245.00	Oct 30	$2.38	$2.38	$2.62	57%	0.91	$242.38
$240.00	$245.00	Oct 23	$2.18	$2.18	$2.82	58%	0.77	$242.18
$260.00	$265.00	Oct 30	$1.15	$1.15	$3.85	78%	0.30	$261.15

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$225.00	$220.00	Oct 30	$2.53	$2.53	$2.47	62%	1.02	$222.47
$220.00	$210.00	Nov 13	$3.25	$3.25	$6.75	67%	0.48	$216.75
$227.50	$225.00	Oct 9	$1.20	$1.20	$1.30	65%	0.92	$226.30
$230.00	$225.00	Oct 23	$2.47	$2.47	$2.53	55%	0.98	$227.53
$210.00	$205.00	Oct 30	$1.25	$1.25	$3.75	79%	0.33	$208.75

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 7 found (avg debit $2.03, cheapest $1.81)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$230.00	Oct 2	Oct 9	$2.20	56.5%	35.2%
$235.00	Oct 2	Oct 9	$2.34	57.0%	40.6%
$232.50	Oct 2	Oct 9	$1.95	55.3%	40.2%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$230.00	Oct 2	Oct 9	$1.81	56.5%	35.2%
$235.00	Oct 2	Oct 9	$2.31	57.0%	41.2%
$232.50	Oct 2	Oct 9	$2.66	55.3%	40.2%
$240.00	Oct 9	Oct 16	$0.92	39.2%	35.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 61 found (cheapest 2.63% of stock, avg 8.03%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$232.50	Oct 2	$3.23	$2.89	$6.12	$226.38	$238.62	2.63%
$235.00	Oct 2	$2.13	$4.22	$6.35	$228.65	$241.35	2.73%
$230.00	Oct 2	$4.60	$2.07	$6.67	$223.33	$236.67	2.87%
$237.50	Oct 2	$1.28	$6.13	$7.41	$230.09	$244.91	3.19%
$227.50	Oct 2	$6.35	$1.25	$7.60	$219.90	$235.10	3.27%
$225.00	Oct 2	$8.80	$0.70	$9.50	$215.50	$234.50	4.09%
$230.00	Oct 9	$6.80	$3.88	$10.68	$219.32	$240.68	4.59%
$222.50	Oct 2	$10.33	$0.40	$10.73	$211.77	$233.23	4.62%
$232.50	Oct 9	$5.18	$5.55	$10.73	$221.77	$243.23	4.62%
$237.50	Oct 9	$3.25	$7.65	$10.90	$226.60	$248.40	4.69%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 154 found (cheapest 0.29% of stock, avg 4.32%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$245.00	$222.50	Oct 2	$0.27	$0.40	$0.67	$221.83	$245.67
$242.50	$222.50	Oct 2	$0.46	$0.40	$0.86	$221.64	$243.36
$245.00	$225.00	Oct 2	$0.27	$0.70	$0.97	$224.03	$245.97
$242.50	$225.00	Oct 2	$0.46	$0.70	$1.16	$223.84	$243.66
$240.00	$222.50	Oct 2	$0.79	$0.40	$1.19	$221.31	$241.19
$240.00	$225.00	Oct 2	$0.79	$0.70	$1.49	$223.51	$241.49
$245.00	$227.50	Oct 2	$0.27	$1.25	$1.52	$225.98	$246.52
$242.50	$227.50	Oct 2	$0.46	$1.25	$1.71	$225.79	$244.21
$237.50	$222.50	Oct 2	$1.28	$0.40	$1.68	$220.82	$239.18
$240.00	$227.50	Oct 2	$0.79	$1.25	$2.04	$225.46	$242.04

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 217 found (best R:R 0.46, avg credit $1.18)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
210/212	272/275	Oct 2	$0.79	$1.71	89%	0.46	$211.71	$273.29
220/222	272/275	Oct 2	$0.74	$1.76	84%	0.42	$221.76	$273.24
225/228	245/248	Oct 9	$1.67	$0.83	47%	2.01	$225.83	$246.67
225/228	255/258	Oct 9	$1.38	$1.12	58%	1.23	$226.12	$256.38
225/228	272/275	Oct 2	$1.10	$1.40	69%	0.79	$226.40	$273.60
222/225	272/275	Oct 2	$0.85	$1.65	78%	0.52	$224.15	$273.35
225/228	248/250	Oct 9	$1.54	$0.96	50%	1.60	$225.96	$249.04
225/228	252/255	Oct 9	$1.38	$1.12	56%	1.23	$226.12	$253.88
205/210	260/265	Oct 30	$2.40	$2.60	57%	0.92	$207.60	$262.40
225/228	250/252	Oct 9	$1.37	$1.13	54%	1.21	$226.13	$251.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 110 found (best R:R 82.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$220.00	$225.00	$230.00	Nov 6	$0.16	$4.84	12%	30.25
$232.50	$235.00	$237.50	Oct 2	$0.25	$2.25	24%	9.00
$230.00	$232.50	$235.00	Oct 2	$0.27	$2.23	25%	8.26
$227.50	$230.00	$232.50	Oct 16	$0.08	$2.42	11%	30.25
$237.50	$240.00	$242.50	Oct 9	$0.11	$2.39	13%	21.73

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$230.00	$235.00	Oct 23	$0.06	$4.94	14%	82.33
$240.00	$245.00	$250.00	Oct 16	$0.32	$4.68	17%	14.62
$195.00	$200.00	$205.00	Oct 30	$0.08	$4.92	7%	61.50
$250.00	$255.00	$260.00	Oct 16	$0.17	$4.83	10%	28.41
$255.00	$260.00	$265.00	Oct 16	$0.08	$4.92	6%	61.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 125 found (best net $-0.26, 117 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$265.00	$275.00	1:2	Nov 6	-$0.26	$9.74
$250.00	$260.00	1:2	Nov 6	-$1.51	$8.49
$235.00	$237.50	1:2	Oct 2	-$0.43	$2.07
$237.50	$240.00	1:2	Oct 2	-$0.30	$2.20
$240.00	$242.50	1:2	Oct 2	-$0.13	$2.37

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$220.00	$210.00	1:2	Nov 13	-$1.65	$8.35
$227.50	$225.00	1:2	Oct 2	-$0.15	$2.35
$230.00	$227.50	1:2	Oct 2	-$0.43	$2.07
$225.00	$222.50	1:2	Oct 2	-$0.10	$2.40
$222.50	$220.00	1:2	Oct 2	-$0.02	$2.48

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 4.58%, avg 1.36%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$235.00	Oct 30	$10.65	0.49	1.1%	4.58%	5.68%	1	464
$240.00	Oct 30	$8.65	0.43	3.2%	3.72%	6.97%	14	169
$235.00	Nov 6	$10.30	0.50	1.1%	4.43%	5.53%	2	14
$240.00	Nov 6	$8.30	0.43	3.2%	3.57%	6.82%	1	20
$235.00	Oct 23	$10.10	0.48	1.1%	4.35%	5.44%	22	588
$245.00	Nov 6	$6.40	0.38	5.4%	2.75%	8.15%	--	40
$240.00	Oct 23	$7.95	0.42	3.2%	3.42%	6.67%	137	449
$250.00	Oct 30	$5.25	0.31	7.5%	2.26%	9.81%	6	619
$245.00	Oct 30	$5.95	0.36	5.4%	2.56%	7.96%	97	103
$250.00	Nov 6	$4.75	0.32	7.5%	2.04%	9.59%	1	38

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 10,672

Total Puts 1,912

Put/Call Ratio 0.18

Net Difference 8,760

Prior's Put/Call Breakdown

Total Calls 9,875

Total Puts 793

Put/Call Ratio 0.08

Net Difference 9,082

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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