IBM - Options Database

IBM

IBM CORP

$230.78 +4.93%

(10/1 09:35) ◀

Thursday, October 1, 2026 (9:40am)

▶ (10/1 09:45)

◀ 10/1 09:40 ▶

Option Volume

Detail

ℹ

Current (10/01 9:40am) 17,925

Calls: 14,638 (82%)

Puts: 3,287 (18%)

Prior (09/14) 12,780

Calls: 11,700 (92%)

Puts: 1,080 (8%)

Current vs Prior +40.26%

Calls: +25.11% (Calls)

Puts: +204.35% (Puts)

Prior 7-Day Total 819,863

Calls: 531,209 (65%)

Puts: 288,654 (35%)

Prior 7-Day Average 117,123

Calls: 75,887 (65%)

Puts: 41,236 (35%)

Current vs Prior 7-Day Avg -84.70%

Calls: -80.71%

Puts: -92.03%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 9:40am) $8.42M

Calls: $7.04M (84%)

Puts: $1.38M (16%)

Prior (09/14) $7.13M

Calls: $6.80M (95%)

Puts: $332.4K (5%)

Current vs Prior +18.00%

Calls: +3.53%

Puts: +314.03%

Prior 7-Day Total $588.21M

Calls: $305.43M (52%)

Puts: $282.79M (48%)

Prior 7-Day Average $84.03M

Calls: $43.63M (52%)

Puts: $40.40M (48%)

Current vs Prior 7-Day Avg -89.98%

Calls: -83.86%

Puts: -96.59%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 9:40am) 0.22

Prior (09/14) 0.09

Current vs Prior +143.27%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -50.00%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 9:40am) 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 4,904,624

Calls: 2,806,740 (57%)

Puts: 2,097,884 (43%)

Prior 7-Day Average 700,660

Calls: 400,962 (57%)

Puts: 299,697 (43%)

Current vs Prior 7-Day Avg -14.49%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 3.28% | 4.83%6.06% | 13.28%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior +9.56% | -2.01%+102.06% | +50.70%

Prior 7-Day Avg 5.09% | 7.35%7.95% | 13.33%

Current vs 7-Day Avg -35.53% | -34.30%-23.80% | -0.40%

Prior 7-Day Eod 3.00% | 4.93%5.87% | 13.28%

Current vs 7-Day Eod +9.56% | -2.01%+3.12% | -0.00%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 24.47% | 34.38%

Calls: 27.03% | 21.05%

Puts: 21.91% | 47.71%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +36.02% | +257.01%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +130.91% | +223.73%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 84% of dollar volume in calls ($7.04M) vs puts ($1.38M). Extreme bullish P/C ratio of 0.22 - heavy call buying (14,638 calls vs 3,287 puts). P/C ratio rising 143% - 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
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	BULLISH

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⚡ Straddles

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🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 11 of results (avg 8.1%, best 4.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 2	30.35	32.35	$31.35	6.4%	--	1.00	155
$190.00	Oct 16	40.70	43.65	$42.18	7.0%	--	0.99	124
$185.00	Oct 16	45.05	48.50	$46.78	7.4%	--	0.97	30
$195.00	Oct 2	34.75	38.05	$36.40	9.1%	1	1.00	4
$195.00	Oct 9	35.00	38.40	$36.70	9.3%	1	0.96	1

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	42.70	44.75	$43.73	4.7%	--	1.00	22
$265.00	Oct 16	32.15	34.85	$33.50	8.1%	--	0.93	38
$270.00	Oct 16	37.05	40.20	$38.63	8.2%	--	1.00	11
$230.00	Oct 16	5.70	6.30	$6.00	10.0%	23	0.46	1.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.88, cheapest $0.88)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$237.50	Oct 2	0.80	0.95	$0.88	17.0%	550	0.21	472

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 80 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	34.75	38.05	$36.40	9.1%	1	1.00	4
$200.00	Oct 2	30.35	32.35	$31.35	6.4%	--	1.00	155
$210.00	Oct 2	20.25	22.45	$21.35	10.3%	--	0.99	40
$190.00	Oct 16	40.70	43.65	$42.18	7.0%	--	0.99	124
$215.00	Oct 2	15.35	18.25	$16.80	17.3%	1	0.98	32

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	37.05	40.20	$38.63	8.2%	--	1.00	11
$275.00	Oct 16	42.70	44.75	$43.73	4.7%	--	1.00	22
$265.00	Oct 16	32.15	34.85	$33.50	8.1%	--	0.93	38
$260.00	Oct 16	27.15	30.70	$28.92	12.3%	2	0.92	63
$255.00	Oct 16	22.45	26.15	$24.30	15.2%	--	0.89	276

Most actively traded options today. High liquidity = easy entry/exit. 175 active (total vol 15.8K, top 1.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	1.30	1.69	$1.50	26.0%	1.9K	0.32	1.8K
$240.00	Oct 2	0.44	0.61	$0.53	32.1%	1.3K	0.14	1.8K
$250.00	Oct 16	1.21	1.60	$1.41	27.7%	733	0.16	5.6K
$235.00	Oct 16	4.60	5.65	$5.13	20.5%	668	0.42	4.9K
$237.50	Oct 2	0.80	0.95	$0.88	17.0%	550	0.21	472

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	2.35	2.77	$2.56	16.4%	468	0.43	985
$225.00	Oct 2	0.77	0.97	$0.87	23.0%	276	0.20	654
$205.00	Oct 16	0.31	0.52	$0.42	50.0%	261	0.05	2.5K
$220.00	Oct 2	0.22	0.30	$0.26	30.8%	211	0.07	2.4K
$225.00	Oct 9	2.01	2.81	$2.41	33.2%	188	0.30	289

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 36.2%, max 56.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	53.3%	34.0%	56.5%	272	1.1K
$232.50	Oct 2	Oct 16	53.1%	37.1%	43.3%	490	1.2K
$237.50	Oct 2	Oct 16	54.9%	39.2%	40.1%	560	744
$225.00	Oct 2	Nov 6	55.2%	41.4%	33.4%	304	1.6K
$230.00	Oct 2	Nov 6	55.4%	42.8%	29.3%	474	1.5K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	53.3%	34.0%	56.5%	178	429
$232.50	Oct 2	Oct 16	53.1%	37.1%	43.3%	52	335
$225.00	Oct 2	Nov 6	55.2%	41.4%	33.4%	276	672
$237.50	Oct 2	Oct 9	54.9%	41.6%	32.0%	4	73
$230.00	Oct 2	Nov 6	55.4%	42.8%	29.3%	468	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 1.36, avg 6.80)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$225.00	$230.00	Oct 23	$2.12	$2.88	$2.12	63%	1.36	$227.12
$220.00	$222.50	Oct 2	$1.60	$0.90	$1.60	93%	0.56	$221.60
$240.00	$245.00	Oct 23	$1.25	$3.75	$1.25	42%	3.00	$241.25
$222.50	$225.00	Oct 9	$1.20	$1.30	$1.20	76%	1.08	$223.70
$230.00	$232.50	Oct 16	$0.70	$1.80	$0.70	54%	2.57	$230.70

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$232.50	$230.00	Oct 9	$0.73	$1.77	$0.73	53%	2.42	$231.77
$235.00	$232.50	Oct 2	$1.17	$1.33	$1.17	69%	1.14	$233.83
$235.00	$232.50	Oct 16	$1.00	$1.50	$1.00	58%	1.50	$234.00
$237.50	$235.00	Oct 9	$1.30	$1.20	$1.30	66%	0.92	$236.20
$220.00	$215.00	Oct 23	$1.05	$3.95	$1.05	31%	3.76	$218.95

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 109 found (best R:R 1.24, avg 0.30)

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
$237.50	$240.00	Oct 16	$1.31	$1.31	$1.19	62%	1.10	$238.81
$237.50	$240.00	Oct 9	$1.12	$1.12	$1.38	66%	0.81	$238.62
$242.50	$245.00	Oct 16	$0.99	$0.99	$1.51	72%	0.66	$243.49
$270.00	$275.00	Nov 6	$0.84	$0.84	$4.16	84%	0.20	$270.84

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$225.00	Nov 6	$2.77	$2.77	$2.23	54%	1.24	$227.23
$220.00	$210.00	Nov 13	$3.22	$3.22	$6.78	66%	0.47	$216.78
$215.00	$210.00	Oct 23	$1.42	$1.42	$3.58	75%	0.40	$213.58
$225.00	$220.00	Oct 30	$2.07	$2.07	$2.93	62%	0.71	$222.93
$225.00	$220.00	Oct 23	$2.00	$2.00	$3.00	62%	0.67	$223.00

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.12, cheapest $2.00)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$230.00	Oct 2	Oct 9	$2.00	55.4%	36.7%
$232.50	Oct 2	Oct 9	$2.40	53.1%	37.6%
$235.00	Oct 2	Oct 9	$2.45	55.1%	40.5%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$230.00	Oct 2	Oct 9	$2.16	55.4%	36.7%
$232.50	Oct 2	Oct 9	$1.57	53.1%	37.6%
$235.00	Oct 2	Oct 9	$2.15	55.1%	40.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 61 found (cheapest 2.63% of stock, avg 7.88%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$232.50	Oct 2	$2.20	$3.88	$6.08	$226.42	$238.58	2.63%
$230.00	Oct 2	$3.70	$2.56	$6.26	$223.74	$236.26	2.71%
$235.00	Oct 2	$1.50	$5.05	$6.55	$228.45	$241.55	2.84%
$227.50	Oct 2	$5.18	$1.40	$6.58	$220.92	$234.08	2.85%
$237.50	Oct 2	$0.88	$6.80	$7.68	$229.82	$245.18	3.33%
$225.00	Oct 2	$7.10	$0.87	$7.97	$217.03	$232.97	3.45%
$222.50	Oct 2	$9.35	$0.52	$9.87	$212.63	$232.37	4.28%
$232.50	Oct 9	$4.60	$5.45	$10.05	$222.45	$242.55	4.35%
$230.00	Oct 9	$5.70	$4.72	$10.42	$219.58	$240.42	4.52%
$227.50	Oct 9	$7.15	$3.40	$10.55	$216.95	$238.05	4.57%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 154 found (cheapest 0.25% of stock, avg 4.28%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$242.50	$220.00	Oct 2	$0.32	$0.26	$0.58	$219.42	$243.08
$240.00	$220.00	Oct 2	$0.53	$0.26	$0.79	$219.21	$240.79
$242.50	$222.50	Oct 2	$0.32	$0.52	$0.84	$221.66	$243.34
$240.00	$222.50	Oct 2	$0.53	$0.52	$1.05	$221.45	$241.05
$237.50	$220.00	Oct 2	$0.88	$0.26	$1.14	$218.86	$238.64
$242.50	$225.00	Oct 2	$0.32	$0.87	$1.19	$223.81	$243.69
$240.00	$225.00	Oct 2	$0.53	$0.87	$1.40	$223.60	$241.40
$237.50	$222.50	Oct 2	$0.88	$0.52	$1.40	$221.10	$238.90
$237.50	$225.00	Oct 2	$0.88	$0.87	$1.75	$223.25	$239.25
$242.50	$227.50	Oct 2	$0.32	$1.40	$1.72	$225.78	$244.22

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 249 found (best R:R 0.45, avg credit $1.09)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
210/212	272/275	Oct 2	$0.78	$1.72	89%	0.45	$211.72	$273.28
222/225	242/245	Oct 16	$1.95	$0.55	37%	3.55	$223.05	$244.45
220/222	272/275	Oct 2	$0.81	$1.69	81%	0.48	$221.69	$273.31
218/220	272/275	Oct 2	$0.66	$1.84	87%	0.36	$219.34	$273.16
208/210	238/240	Oct 9	$1.31	$1.19	59%	1.10	$208.69	$238.81
208/210	242/245	Oct 16	$1.22	$1.28	62%	0.95	$208.78	$243.72
212/215	242/245	Oct 16	$1.37	$1.13	56%	1.21	$213.63	$243.87
220/222	242/245	Oct 16	$1.68	$0.82	43%	2.05	$220.82	$244.18
222/225	272/275	Oct 2	$0.90	$1.60	74%	0.56	$224.10	$273.40
218/220	238/240	Oct 9	$1.54	$0.96	48%	1.60	$218.46	$239.04

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 109 found (best R:R 61.50, cheapest $0.06)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$232.50	$235.00	$237.50	Oct 2	$0.08	$2.42	23%	30.25
$230.00	$235.00	$240.00	Nov 6	$0.09	$4.91	12%	54.56
$220.00	$225.00	$230.00	Nov 6	$0.18	$4.82	13%	26.78
$215.00	$220.00	$225.00	Nov 6	$0.17	$4.83	12%	28.41
$230.00	$235.00	$240.00	Oct 23	$0.24	$4.76	14%	19.83

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$215.00	$220.00	$225.00	Nov 6	$0.08	$4.92	12%	61.50
$220.00	$225.00	$230.00	Oct 30	$0.13	$4.87	13%	37.46
$227.50	$230.00	$232.50	Oct 2	$0.16	$2.34	27%	14.63
$240.00	$245.00	$250.00	Oct 30	$0.17	$4.83	12%	28.41
$225.00	$230.00	$235.00	Oct 23	$0.27	$4.73	14%	17.52

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 126 found (best net $-1.32, 118 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$250.00	$260.00	1:2	Nov 6	-$1.32	$8.68
$230.00	$232.50	1:2	Oct 2	-$0.70	$1.80
$235.00	$237.50	1:2	Oct 2	-$0.26	$2.24
$237.50	$240.00	1:2	Oct 2	-$0.18	$2.32
$240.00	$242.50	1:2	Oct 2	-$0.11	$2.39

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$220.00	$210.00	1:2	Nov 13	-$1.66	$8.34
$230.00	$227.50	1:2	Oct 2	-$0.24	$2.26
$227.50	$225.00	1:2	Oct 2	-$0.34	$2.16
$222.50	$220.00	1:2	Oct 2	$0.00	$2.50
$225.00	$222.50	1:2	Oct 2	-$0.17	$2.33

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 57 found (best yield 4.48%, avg 1.26%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$235.00	Nov 6	$10.35	0.49	1.8%	4.48%	6.31%	2	14
$240.00	Nov 6	$8.40	0.43	4.0%	3.64%	7.63%	1	20
$245.00	Nov 6	$6.70	0.37	6.2%	2.90%	9.06%	--	40
$235.00	Oct 30	$9.80	0.49	1.8%	4.25%	6.08%	2	464
$240.00	Oct 30	$7.90	0.43	4.0%	3.42%	7.42%	15	169
$240.00	Oct 23	$7.50	0.42	4.0%	3.25%	7.24%	327	449
$235.00	Oct 23	$9.20	0.49	1.8%	3.99%	5.82%	31	588
$245.00	Oct 30	$6.00	0.37	6.2%	2.60%	8.76%	108	103
$250.00	Nov 6	$5.05	0.32	8.3%	2.19%	10.52%	2	38
$250.00	Oct 30	$4.95	0.32	8.3%	2.14%	10.47%	16	619

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 14,638

Total Puts 3,287

Put/Call Ratio 0.22

Net Difference 11,351

Prior's Put/Call Breakdown

Total Calls 11,700

Total Puts 1,080

Put/Call Ratio 0.09

Net Difference 10,620

Prior 7-Day Put/Call Summary

Total Calls 531,209

Total Puts 288,654

Average Put/Call Ratio 0.45

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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