IBM - Options Database

IBM

IBM CORP

$229.25 +4.24%

(10/1 09:45) ◀

Thursday, October 1, 2026 (9:50am)

▶ (10/1 09:55)

◀ 10/1 09:50 ▶

Option Volume

Detail

ℹ

Current (10/01 9:50am) 23,772

Calls: 18,403 (77%)

Puts: 5,369 (23%)

Prior (09/14) 19,414

Calls: 17,935 (92%)

Puts: 1,479 (8%)

Current vs Prior +22.45%

Calls: +2.61% (Calls)

Puts: +263.02% (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 -79.70%

Calls: -75.75%

Puts: -86.98%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 9:50am) $9.50M

Calls: $7.24M (76%)

Puts: $2.26M (24%)

Prior (09/14) $9.42M

Calls: $8.97M (95%)

Puts: $451.6K (5%)

Current vs Prior +0.83%

Calls: -19.25%

Puts: +399.82%

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: -83.40%

Puts: -94.41%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 9:50am) 0.29

Prior (09/14) 0.08

Current vs Prior +253.78%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -35.06%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 9:50am) 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 3.01% | 4.83%6.36% | 13.60%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior +0.39% | -1.98%+112.14% | +54.33%

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

Current vs 7-Day Avg -40.92% | -34.28%-20.00% | +2.00%

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

Current vs 7-Day Eod +0.39% | -1.98%+8.26% | +2.40%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 13.02% | 18.23%

Calls: 13.33% | 21.85%

Puts: 12.70% | 14.62%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior -27.63% | +89.30%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +22.86% | +71.66%

Liquidity Expensive

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Strong bullish conviction with 76% of dollar volume in calls ($7.24M) vs puts ($2.26M). Extreme bullish P/C ratio of 0.29 - heavy call buying (18,403 calls vs 5,369 puts). P/C ratio rising 254% - 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
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	BULLISH

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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 17 of results (avg 8.1%, best 6.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Oct 16	43.30	46.20	$44.75	6.5%	--	0.97	30
$190.00	Oct 16	38.85	41.65	$40.25	7.0%	--	0.98	124
$240.00	Oct 30	7.45	8.00	$7.73	7.1%	16	0.40	169
$200.00	Oct 30	31.20	33.55	$32.38	7.3%	--	0.87	117
$195.00	Oct 2	33.55	36.10	$34.83	7.3%	1	1.00	4

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	43.90	46.95	$45.43	6.7%	--	1.00	22
$270.00	Oct 16	38.90	41.85	$40.38	7.3%	--	1.00	11
$265.00	Oct 16	34.00	37.05	$35.53	8.6%	--	0.94	38
$240.00	Oct 30	17.00	18.70	$17.85	9.5%	--	0.60	60

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.74, cheapest $0.56)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$237.50	Oct 2	0.52	0.60	$0.56	14.3%	790	0.14	472
$235.00	Oct 2	0.82	1.00	$0.91	19.8%	2.4K	0.22	1.8K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 82 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	33.55	36.10	$34.83	7.3%	1	1.00	4
$200.00	Oct 2	28.20	31.10	$29.65	9.8%	--	1.00	155
$210.00	Oct 2	18.50	21.15	$19.83	13.4%	--	1.00	40
$212.50	Oct 2	16.00	18.65	$17.33	15.3%	--	1.00	44
$215.00	Oct 2	13.50	16.20	$14.85	18.2%	1	1.00	32

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	38.90	41.85	$40.38	7.3%	--	1.00	11
$275.00	Oct 16	43.90	46.95	$45.43	6.7%	--	1.00	22
$265.00	Oct 16	34.00	37.05	$35.53	8.6%	--	0.94	38
$260.00	Oct 16	29.05	32.40	$30.73	10.9%	2	0.93	63
$255.00	Oct 16	24.10	27.15	$25.63	11.9%	--	0.90	276

Most actively traded options today. High liquidity = easy entry/exit. 186 active (total vol 21.1K, top 2.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	0.82	1.00	$0.91	19.8%	2.4K	0.22	1.8K
$240.00	Oct 2	0.24	0.35	$0.30	36.7%	1.8K	0.09	1.8K
$237.50	Oct 2	0.52	0.60	$0.56	14.3%	790	0.14	472
$250.00	Oct 16	1.05	1.19	$1.12	12.5%	766	0.13	5.6K
$250.00	Oct 2	0.04	0.07	$0.06	50.0%	755	0.02	1.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	2.95	3.35	$3.15	12.7%	774	0.54	985
$225.00	Oct 2	0.98	1.23	$1.11	22.5%	414	0.26	654
$225.00	Oct 16	3.80	4.60	$4.20	19.0%	402	0.38	1.6K
$227.50	Oct 2	1.80	2.08	$1.94	14.4%	374	0.40	213
$220.00	Oct 2	0.24	0.35	$0.30	36.7%	355	0.09	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 37.4%, max 59.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	52.5%	33.0%	59.1%	348	1.1K
$222.50	Oct 2	Oct 16	51.8%	33.4%	54.9%	327	444
$232.50	Oct 2	Oct 16	53.0%	35.9%	47.6%	698	1.2K
$225.00	Oct 2	Nov 6	51.0%	40.5%	25.9%	337	1.6K
$230.00	Oct 2	Nov 6	52.1%	41.8%	24.7%	632	1.5K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	52.0%	33.0%	57.6%	388	429
$222.50	Oct 2	Oct 16	51.8%	33.4%	54.9%	178	543
$232.50	Oct 2	Oct 16	53.0%	35.9%	47.6%	66	335
$225.00	Oct 2	Nov 6	51.0%	40.5%	25.9%	414	672
$230.00	Oct 2	Nov 6	52.1%	41.8%	24.7%	774	998

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 138 found (best R:R 5.94, avg 7.02)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$245.00	Oct 23	$0.72	$4.28	$0.72	39%	5.94	$240.72
$240.00	$245.00	Oct 30	$0.93	$4.07	$0.93	40%	4.38	$240.93
$215.00	$220.00	Oct 30	$2.70	$2.30	$2.70	73%	0.85	$217.70
$220.00	$225.00	Oct 23	$2.40	$2.60	$2.40	67%	1.08	$222.40
$230.00	$235.00	Nov 6	$1.80	$3.20	$1.80	53%	1.78	$231.80

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$235.00	$230.00	Oct 23	$2.27	$2.73	$2.27	55%	1.20	$232.73
$235.00	$232.50	Oct 16	$1.28	$1.22	$1.28	62%	0.95	$233.72
$227.50	$225.00	Oct 9	$0.73	$1.77	$0.73	42%	2.42	$226.77
$240.00	$237.50	Oct 16	$1.65	$0.85	$1.65	72%	0.52	$238.35
$190.00	$185.00	Oct 30	$0.19	$4.81	$0.19	7%	25.32	$189.81

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 109 found (best R:R 0.61, avg 0.29)

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	92%	0.61	$273.45
$235.00	$240.00	Oct 30	$2.82	$2.82	$2.18	53%	1.29	$237.82
$237.50	$240.00	Oct 16	$1.26	$1.26	$1.24	66%	1.02	$238.76
$242.50	$245.00	Oct 16	$1.05	$1.05	$1.45	74%	0.72	$243.55
$230.00	$235.00	Oct 23	$2.75	$2.75	$2.25	47%	1.22	$232.75

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$210.00	Nov 13	$3.38	$3.38	$6.62	64%	0.51	$216.62
$225.00	$220.00	Nov 6	$2.13	$2.13	$2.87	59%	0.74	$222.87
$220.00	$215.00	Oct 30	$1.77	$1.77	$3.23	66%	0.55	$218.23
$215.00	$210.00	Nov 6	$1.46	$1.46	$3.54	72%	0.41	$213.54
$210.00	$205.00	Oct 30	$1.17	$1.17	$3.83	78%	0.31	$208.83

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.17, cheapest $2.20)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Oct 2	Oct 9	$2.20	52.5%	33.9%
$230.00	Oct 2	Oct 9	$2.49	52.1%	37.3%
$232.50	Oct 2	Oct 9	$2.78	53.0%	40.6%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Oct 2	Oct 9	$1.74	52.0%	33.9%
$230.00	Oct 2	Oct 9	$1.98	52.1%	37.3%
$232.50	Oct 2	Oct 9	$1.83	53.0%	40.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 62 found (cheapest 2.45% of stock, avg 7.69%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$230.00	Oct 2	$2.46	$3.15	$5.61	$224.39	$235.61	2.45%
$227.50	Oct 2	$3.75	$1.94	$5.69	$221.81	$233.19	2.48%
$232.50	Oct 2	$1.52	$4.60	$6.12	$226.38	$238.62	2.67%
$225.00	Oct 2	$5.33	$1.11	$6.44	$218.56	$231.44	2.81%
$235.00	Oct 2	$0.91	$6.53	$7.44	$227.56	$242.44	3.25%
$222.50	Oct 2	$7.60	$0.60	$8.20	$214.30	$230.70	3.58%
$237.50	Oct 2	$0.56	$8.53	$9.09	$228.41	$246.59	3.97%
$227.50	Oct 9	$5.95	$3.68	$9.63	$217.87	$237.13	4.20%
$220.00	Oct 2	$9.63	$0.30	$9.93	$210.07	$229.93	4.33%
$230.00	Oct 9	$4.95	$5.13	$10.08	$219.92	$240.08	4.40%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 151 found (cheapest 0.26% of stock, avg 4.23%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$240.00	$220.00	Oct 2	$0.30	$0.30	$0.60	$219.40	$240.60
$237.50	$220.00	Oct 2	$0.56	$0.30	$0.86	$219.14	$238.36
$240.00	$222.50	Oct 2	$0.30	$0.60	$0.90	$221.60	$240.90
$237.50	$222.50	Oct 2	$0.56	$0.60	$1.16	$221.34	$238.66
$235.00	$220.00	Oct 2	$0.91	$0.30	$1.21	$218.79	$236.21
$235.00	$222.50	Oct 2	$0.91	$0.60	$1.51	$220.99	$236.51
$240.00	$225.00	Oct 2	$0.30	$1.11	$1.41	$223.59	$241.41
$237.50	$225.00	Oct 2	$0.56	$1.11	$1.67	$223.33	$239.17
$235.00	$225.00	Oct 2	$0.91	$1.11	$2.02	$222.98	$237.02
$232.50	$220.00	Oct 2	$1.52	$0.30	$1.82	$218.18	$234.32

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 253 found (best R:R 0.72, avg credit $1.22)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
215/218	272/275	Oct 2	$1.05	$1.45	87%	0.72	$216.45	$273.55
218/220	272/275	Oct 2	$1.08	$1.42	83%	0.76	$218.92	$273.58
220/222	272/275	Oct 2	$1.25	$1.25	76%	1.00	$221.25	$273.75
222/225	272/275	Oct 2	$1.46	$1.04	66%	1.40	$223.54	$273.96
212/215	238/240	Oct 16	$1.77	$0.73	48%	2.42	$213.23	$239.27
212/215	242/245	Oct 16	$1.56	$0.94	56%	1.66	$213.44	$244.06
220/222	238/240	Oct 16	$2.02	$0.48	34%	4.21	$220.48	$239.52
215/218	238/240	Oct 16	$1.76	$0.74	44%	2.38	$215.74	$239.26
208/210	238/240	Oct 16	$1.47	$1.03	56%	1.43	$208.53	$238.97
220/222	242/245	Oct 16	$1.81	$0.69	42%	2.62	$220.69	$244.31

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 117 found (best R:R 82.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$215.00	$220.00	$225.00	Nov 6	$0.16	$4.84	13%	30.25
$225.00	$230.00	$235.00	Oct 30	$0.22	$4.78	13%	21.73
$225.00	$227.50	$230.00	Oct 2	$0.29	$2.21	28%	7.62
$235.00	$237.50	$240.00	Oct 2	$0.09	$2.41	14%	26.78
$217.50	$220.00	$222.50	Oct 16	$0.05	$2.45	10%	49.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$215.00	$220.00	$225.00	Oct 30	$0.06	$4.94	13%	82.33
$210.00	$215.00	$220.00	Nov 6	$0.06	$4.94	12%	82.33
$240.00	$245.00	$250.00	Oct 16	$0.18	$4.82	14%	26.78
$232.50	$235.00	$237.50	Oct 2	$0.07	$2.43	19%	34.71
$205.00	$210.00	$215.00	Oct 30	$0.11	$4.89	10%	44.45

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 130 found (best net $-1.62, 122 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$250.00	$260.00	1:2	Nov 6	-$1.77	$8.23
$230.00	$232.50	1:2	Oct 2	-$0.58	$1.92
$232.50	$235.00	1:2	Oct 2	-$0.30	$2.20
$237.50	$240.00	1:2	Oct 2	-$0.04	$2.46
$235.00	$237.50	1:2	Oct 2	-$0.21	$2.29

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$220.00	$210.00	1:2	Nov 13	-$1.62	$8.38
$210.00	$200.00	1:2	Nov 13	-$1.16	$8.84
$227.50	$225.00	1:2	Oct 2	-$0.28	$2.22
$230.00	$227.50	1:2	Oct 2	-$0.73	$1.77
$225.00	$222.50	1:2	Oct 2	-$0.09	$2.41

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 4.30%, avg 1.40%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$235.00	Nov 6	$9.85	0.47	2.5%	4.30%	6.80%	2	14
$240.00	Nov 6	$7.75	0.41	4.7%	3.38%	8.07%	1	20
$235.00	Oct 30	$9.30	0.47	2.5%	4.06%	6.56%	7	464
$230.00	Nov 6	$11.55	0.53	0.3%	5.04%	5.37%	3	25
$240.00	Oct 30	$7.45	0.40	4.7%	3.25%	7.94%	16	169
$245.00	Nov 6	$6.00	0.36	6.9%	2.62%	9.49%	--	40
$230.00	Oct 30	$11.20	0.53	0.3%	4.89%	5.21%	24	275
$245.00	Oct 30	$5.80	0.35	6.9%	2.53%	9.40%	128	103
$250.00	Nov 6	$4.75	0.31	9.1%	2.07%	11.12%	2	38
$235.00	Oct 23	$8.45	0.46	2.5%	3.69%	6.19%	117	588

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 18,403

Total Puts 5,369

Put/Call Ratio 0.29

Net Difference 13,034

Prior's Put/Call Breakdown

Total Calls 17,935

Total Puts 1,479

Put/Call Ratio 0.08

Net Difference 16,456

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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