IBM - Options Database

IBM

IBM CORP

$231.47 +5.25%

(10/1 09:40) ◀

Thursday, October 1, 2026 (9:45am)

▶

◀ 10/1 09:45

Option Volume

Detail

ℹ

Current (10/01 9:45am) 20,704

Calls: 16,380 (79%)

Puts: 4,324 (21%)

Prior (09/14) 17,780

Calls: 16,437 (92%)

Puts: 1,343 (8%)

Current vs Prior +16.45%

Calls: -0.35% (Calls)

Puts: +221.97% (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 -82.32%

Calls: -78.42%

Puts: -89.51%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 9:45am) $9.50M

Calls: $7.75M (82%)

Puts: $1.75M (18%)

Prior (09/14) $9.43M

Calls: $9.04M (96%)

Puts: $386.5K (4%)

Current vs Prior +0.77%

Calls: -14.28%

Puts: +352.87%

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 -88.69%

Calls: -82.23%

Puts: -95.67%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 9:45am) 0.26

Prior (09/14) 0.08

Current vs Prior +223.09%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -41.23%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 9:45am) 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 3.11% | 5.23%6.24% | 13.54%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior +3.90% | +6.02%+108.23% | +53.58%

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

Current vs 7-Day Avg -38.86% | -28.91%-21.47% | +1.51%

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

Current vs 7-Day Eod +3.90% | +6.02%+6.27% | +1.91%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 25.02% | 30.14%

Calls: 17.91% | 20.63%

Puts: 32.12% | 39.66%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +39.08% | +212.98%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +136.10% | +183.80%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 82% of dollar volume in calls ($7.75M) vs puts ($1.75M). Extreme bullish P/C ratio of 0.26 - heavy call buying (16,380 calls vs 4,324 puts). P/C ratio rising 223% - 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
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	BULLISH

📈 Options Analysis

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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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High Delta

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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 8.3%, best 6.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Oct 16	40.50	43.70	$42.10	7.6%	--	0.98	124
$230.00	Oct 16	7.15	7.75	$7.45	8.1%	208	0.55	2.6K
$195.00	Oct 16	35.55	38.55	$37.05	8.1%	--	0.98	57
$200.00	Oct 23	32.50	35.30	$33.90	8.3%	3	0.89	9
$200.00	Oct 30	32.70	35.75	$34.23	8.9%	--	0.87	117

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	42.00	45.00	$43.50	6.9%	--	1.00	22
$270.00	Oct 16	36.95	40.05	$38.50	8.1%	--	1.00	11
$265.00	Oct 16	32.10	35.20	$33.65	9.2%	--	0.94	38

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

No options available for this category

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	35.10	38.45	$36.78	9.1%	1	1.00	4
$200.00	Oct 2	30.05	33.60	$31.83	11.2%	--	1.00	155
$210.00	Oct 2	20.10	23.50	$21.80	15.6%	--	0.99	40
$190.00	Oct 16	40.50	43.70	$42.10	7.6%	--	0.98	124
$215.00	Oct 2	15.10	18.50	$16.80	20.2%	1	0.98	32

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	36.95	40.05	$38.50	8.1%	--	1.00	11
$275.00	Oct 16	42.00	45.00	$43.50	6.9%	--	1.00	22
$265.00	Oct 16	32.10	35.20	$33.65	9.2%	--	0.94	38
$260.00	Oct 16	27.35	30.40	$28.88	10.6%	2	0.92	63
$255.00	Oct 16	22.75	25.25	$24.00	10.4%	--	0.89	276

Most actively traded options today. High liquidity = easy entry/exit. 177 active (total vol 18.2K, top 2.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	1.37	1.70	$1.54	21.4%	2.3K	0.32	1.8K
$240.00	Oct 2	0.49	0.65	$0.57	28.1%	1.6K	0.14	1.8K
$250.00	Oct 16	1.30	1.67	$1.49	24.8%	743	0.17	5.6K
$237.50	Oct 2	0.82	1.03	$0.93	22.6%	735	0.22	472
$235.00	Oct 16	4.80	5.70	$5.25	17.1%	676	0.43	4.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	1.79	2.48	$2.13	32.4%	624	0.41	985
$225.00	Oct 2	0.53	0.75	$0.64	34.4%	313	0.17	654
$225.00	Oct 16	3.25	4.10	$3.68	23.1%	301	0.33	1.6K
$205.00	Oct 16	0.31	0.47	$0.39	41.0%	273	0.05	2.5K
$220.00	Oct 2	0.15	0.28	$0.22	59.1%	266	0.06	2.4K

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 35.6%, max 54.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$232.50	Oct 2	Oct 16	54.6%	35.4%	54.2%	558	1.2K
$227.50	Oct 2	Oct 16	52.2%	34.6%	50.9%	306	1.1K
$237.50	Oct 2	Oct 16	54.9%	36.6%	50.0%	748	744
$225.00	Oct 2	Nov 6	51.0%	41.1%	24.2%	319	1.6K
$230.00	Oct 2	Nov 6	51.6%	42.7%	20.9%	513	1.5K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$232.50	Oct 2	Oct 16	54.6%	35.4%	54.2%	60	335
$227.50	Oct 2	Oct 16	52.2%	34.6%	50.9%	245	429
$237.50	Oct 2	Oct 9	54.9%	36.9%	48.9%	5	73
$225.00	Oct 2	Nov 6	51.0%	41.1%	24.2%	313	672
$230.00	Oct 2	Nov 6	51.6%	42.7%	20.9%	624	998

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 139 found (best R:R 1.17, avg 6.14)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$222.50	$225.00	Oct 9	$1.15	$1.35	$1.15	78%	1.17	$223.65
$230.00	$235.00	Oct 30	$1.82	$3.18	$1.82	54%	1.75	$231.82
$225.00	$230.00	Oct 23	$2.37	$2.63	$2.37	62%	1.11	$227.37
$245.00	$250.00	Nov 6	$1.17	$3.83	$1.17	36%	3.27	$246.17
$240.00	$242.50	Oct 16	$0.30	$2.20	$0.30	32%	7.33	$240.30

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$237.50	Oct 9	$1.24	$1.26	$1.24	73%	1.02	$238.76
$237.50	$235.00	Oct 2	$1.65	$0.85	$1.65	79%	0.52	$235.85
$230.00	$227.50	Oct 9	$0.82	$1.68	$0.82	44%	2.05	$229.18
$235.00	$230.00	Oct 30	$2.30	$2.70	$2.30	52%	1.17	$232.70
$220.00	$217.50	Oct 9	$0.22	$2.28	$0.22	16%	10.36	$219.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 107 found (best R:R 0.61, avg 0.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$272.50	$275.00	Oct 2	$0.95	$0.95	$1.55	91%	0.61	$273.45
$242.50	$245.00	Oct 16	$0.87	$0.87	$1.63	72%	0.53	$243.37
$270.00	$275.00	Nov 6	$0.84	$0.84	$4.16	84%	0.20	$270.84
$237.50	$240.00	Oct 16	$1.05	$1.05	$1.45	62%	0.72	$238.55
$240.00	$245.00	Nov 6	$2.12	$2.12	$2.88	58%	0.74	$242.12

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$225.00	Nov 6	$2.85	$2.85	$2.15	54%	1.33	$227.15
$220.00	$210.00	Nov 13	$3.22	$3.22	$6.78	65%	0.47	$216.78
$215.00	$210.00	Oct 30	$1.52	$1.52	$3.48	73%	0.44	$213.48
$225.00	$220.00	Oct 30	$2.10	$2.10	$2.90	61%	0.72	$222.90
$210.00	$205.00	Oct 23	$1.09	$1.09	$3.91	80%	0.28	$208.91

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.34, cheapest $2.22)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$235.00	Oct 2	Oct 9	$2.24	54.3%	37.4%
$232.50	Oct 2	Oct 9	$2.48	54.6%	38.3%
$230.00	Oct 2	Oct 9	$2.67	51.6%	37.2%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$235.00	Oct 2	Oct 9	$2.22	54.3%	37.4%
$232.50	Oct 2	Oct 9	$2.22	54.6%	38.3%
$230.00	Oct 2	Oct 9	$2.20	51.6%	37.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 61 found (cheapest 2.49% of stock, avg 7.88%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$230.00	Oct 2	$3.63	$2.13	$5.76	$224.24	$235.76	2.49%
$232.50	Oct 2	$2.49	$3.58	$6.07	$226.43	$238.57	2.62%
$235.00	Oct 2	$1.54	$5.13	$6.67	$228.33	$241.67	2.88%
$227.50	Oct 2	$5.63	$1.27	$6.90	$220.60	$234.40	2.98%
$237.50	Oct 2	$0.93	$6.78	$7.71	$229.79	$245.21	3.33%
$225.00	Oct 2	$7.33	$0.64	$7.97	$217.03	$232.97	3.44%
$222.50	Oct 2	$9.73	$0.35	$10.08	$212.42	$232.58	4.35%
$230.00	Oct 9	$6.30	$4.33	$10.63	$219.37	$240.63	4.59%
$232.50	Oct 9	$4.97	$5.80	$10.77	$221.73	$243.27	4.65%
$227.50	Oct 9	$7.38	$3.51	$10.89	$216.61	$238.39	4.70%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 154 found (cheapest 0.24% of stock, avg 4.26%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$242.50	$220.00	Oct 2	$0.34	$0.22	$0.56	$219.44	$243.06
$242.50	$222.50	Oct 2	$0.34	$0.35	$0.69	$221.81	$243.19
$240.00	$220.00	Oct 2	$0.57	$0.22	$0.79	$219.21	$240.79
$240.00	$222.50	Oct 2	$0.57	$0.35	$0.92	$221.58	$240.92
$242.50	$225.00	Oct 2	$0.34	$0.64	$0.98	$224.02	$243.48
$240.00	$225.00	Oct 2	$0.57	$0.64	$1.21	$223.79	$241.21
$237.50	$220.00	Oct 2	$0.93	$0.22	$1.15	$218.85	$238.65
$237.50	$222.50	Oct 2	$0.93	$0.35	$1.28	$221.22	$238.78
$237.50	$225.00	Oct 2	$0.93	$0.64	$1.57	$223.43	$239.07
$242.50	$227.50	Oct 2	$0.34	$1.27	$1.61	$225.89	$244.11

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 235 found (best R:R 1.72, avg credit $1.11)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
225/228	272/275	Oct 2	$1.58	$0.92	63%	1.72	$225.92	$274.08
220/222	272/275	Oct 2	$1.08	$1.42	81%	0.76	$221.42	$273.58
222/225	272/275	Oct 2	$1.24	$1.26	74%	0.98	$223.76	$273.74
215/218	242/245	Oct 16	$1.45	$1.05	52%	1.38	$216.05	$243.95
205/208	242/245	Oct 16	$1.04	$1.46	64%	0.71	$206.46	$243.54
190/195	270/275	Nov 6	$1.44	$3.56	74%	0.40	$193.56	$271.44
205/210	270/275	Nov 6	$2.02	$2.98	62%	0.68	$207.98	$272.02
208/210	242/245	Oct 16	$1.08	$1.42	62%	0.76	$208.92	$243.58
212/215	242/245	Oct 16	$1.17	$1.33	57%	0.88	$213.83	$243.67
222/225	242/245	Oct 16	$1.63	$0.87	38%	1.87	$223.37	$244.13

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 117 found (best R:R 24.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$230.00	$232.50	$235.00	Oct 2	$0.19	$2.31	26%	12.16
$245.00	$250.00	$255.00	Oct 23	$0.16	$4.84	11%	30.25
$235.00	$240.00	$245.00	Oct 23	$0.25	$4.75	13%	19.00
$232.50	$235.00	$237.50	Oct 16	$0.06	$2.44	11%	40.67
$255.00	$260.00	$265.00	Oct 23	$0.13	$4.87	8%	37.46

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$230.00	$232.50	$235.00	Oct 2	$0.10	$2.40	27%	24.00
$232.50	$235.00	$237.50	Oct 2	$0.10	$2.40	24%	24.00
$235.00	$240.00	$245.00	Oct 30	$0.14	$4.86	12%	34.71
$210.00	$215.00	$220.00	Nov 6	$0.12	$4.88	11%	40.67
$260.00	$265.00	$270.00	Oct 16	$0.08	$4.92	8%	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. 123 found (best net $-1.71, 115 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$250.00	$260.00	1:2	Nov 6	-$2.12	$7.88
$232.50	$235.00	1:2	Oct 2	-$0.59	$1.91
$235.00	$237.50	1:2	Oct 2	-$0.32	$2.18
$237.50	$240.00	1:2	Oct 2	-$0.21	$2.29
$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	-$1.71	$8.29
$232.50	$230.00	1:2	Oct 2	-$0.68	$1.82
$227.50	$225.00	1:2	Oct 2	-$0.01	$2.49
$230.00	$227.50	1:2	Oct 2	-$0.41	$2.09
$225.00	$222.50	1:2	Oct 2	-$0.06	$2.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 57 found (best yield 4.36%, avg 1.26%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$235.00	Oct 30	$10.10	0.48	1.5%	4.36%	5.89%	7	464
$235.00	Nov 6	$10.00	0.48	1.5%	4.32%	5.85%	2	14
$240.00	Oct 30	$8.05	0.41	3.7%	3.48%	7.16%	15	169
$240.00	Nov 6	$7.95	0.42	3.7%	3.43%	7.12%	1	20
$235.00	Oct 23	$9.50	0.48	1.5%	4.10%	5.63%	32	588
$245.00	Nov 6	$6.30	0.36	5.8%	2.72%	8.57%	--	40
$245.00	Oct 30	$6.20	0.36	5.8%	2.68%	8.52%	118	103
$240.00	Oct 23	$7.45	0.42	3.7%	3.22%	6.90%	334	449
$250.00	Nov 6	$4.85	0.32	8.0%	2.10%	10.10%	2	38
$245.00	Oct 23	$5.65	0.35	5.8%	2.44%	8.29%	117	275

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 16,380

Total Puts 4,324

Put/Call Ratio 0.26

Net Difference 12,056

Prior's Put/Call Breakdown

Total Calls 16,437

Total Puts 1,343

Put/Call Ratio 0.08

Net Difference 15,094

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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