IBM - Options Database

IBM

IBM CORP

$229.09 +4.16%

(10/1 09:50) ◀

Thursday, October 1, 2026 (9:55am)

▶ (10/1 10:00)

◀ 10/1 09:55 ▶

Option Volume

Detail

ℹ

Current (10/01 9:55am) 26,434

Calls: 20,247 (77%)

Puts: 6,187 (23%)

Prior (09/14) 20,450

Calls: 18,854 (92%)

Puts: 1,596 (8%)

Current vs Prior +29.26%

Calls: +7.39% (Calls)

Puts: +287.66% (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 -77.43%

Calls: -73.32%

Puts: -85.00%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 9:55am) $9.79M

Calls: $7.34M (75%)

Puts: $2.45M (25%)

Prior (09/14) $9.93M

Calls: $9.45M (95%)

Puts: $481.4K (5%)

Current vs Prior -1.44%

Calls: -22.34%

Puts: +408.77%

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 -88.35%

Calls: -83.18%

Puts: -93.94%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 9:55am) 0.31

Prior (09/14) 0.08

Current vs Prior +260.99%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -31.97%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 9:55am) 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 2.89% | 4.85%6.32% | 13.71%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -3.47% | -1.73%+110.83% | +55.52%

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

Current vs 7-Day Avg -43.19% | -34.11%-20.49% | +2.79%

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

Current vs 7-Day Eod -3.47% | -1.73%+7.59% | +3.20%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 21.15% | 16.26%

Calls: 27.78% | 15.38%

Puts: 14.52% | 17.14%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +17.57% | +68.85%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +99.58% | +53.11%

Liquidity Expensive

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Moderately bullish flow with 75% call dollar volume ($7.34M). Extreme bullish P/C ratio of 0.31 - heavy call buying (20,247 calls vs 6,187 puts). P/C ratio rising 261% - 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
09:55	BULLISH	BULLISH	BULLISH
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

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📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

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⚖️ 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 13 of results (avg 8.2%, 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%	--	0.98	30
$200.00	Oct 30	31.20	33.55	$32.38	7.3%	--	0.87	117
$190.00	Oct 16	38.30	41.35	$39.83	7.7%	--	0.98	124
$195.00	Oct 9	33.40	36.15	$34.78	7.9%	1	0.96	1
$200.00	Oct 16	28.75	31.15	$29.95	8.0%	--	0.96	181

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	39.15	41.85	$40.50	6.7%	--	1.00	11
$265.00	Oct 16	34.15	37.05	$35.60	8.1%	--	0.93	38
$240.00	Oct 30	17.00	18.70	$17.85	9.5%	--	0.61	60

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.52, cheapest $0.07)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$247.50	Oct 2	0.06	0.07	$0.07	14.3%	54	0.02	152

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 2	0.89	1.04	$0.97	15.5%	567	0.26	654

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 81 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	33.10	35.90	$34.50	8.1%	1	1.00	4
$200.00	Oct 2	28.20	30.90	$29.55	9.1%	--	1.00	155
$210.00	Oct 2	18.05	20.90	$19.48	14.6%	--	0.99	40
$185.00	Oct 16	43.30	46.20	$44.75	6.5%	--	0.98	30
$212.50	Oct 2	15.55	18.50	$17.02	17.3%	--	0.98	44

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	39.15	41.85	$40.50	6.7%	--	1.00	11
$265.00	Oct 16	34.15	37.05	$35.60	8.1%	--	0.93	38
$260.00	Oct 16	29.25	32.40	$30.83	10.2%	2	0.93	63
$255.00	Oct 16	24.35	27.15	$25.75	10.9%	--	0.91	276
$245.00	Oct 9	15.05	17.65	$16.35	15.9%	--	0.88	37

Most actively traded options today. High liquidity = easy entry/exit. 182 active (total vol 23.5K, top 2.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	0.61	0.79	$0.70	25.7%	2.6K	0.19	1.8K
$240.00	Oct 2	0.18	0.25	$0.22	31.8%	2.2K	0.07	1.8K
$230.00	Oct 2	1.90	2.20	$2.05	14.6%	1.1K	0.45	1.4K
$237.50	Oct 2	0.34	0.54	$0.44	45.5%	860	0.13	472
$250.00	Oct 16	0.97	1.15	$1.06	17.0%	801	0.13	5.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	2.81	3.25	$3.03	14.5%	933	0.55	985
$225.00	Oct 2	0.89	1.04	$0.97	15.5%	567	0.26	654
$227.50	Oct 2	1.58	1.99	$1.79	22.9%	462	0.39	213
$220.00	Oct 2	0.17	0.29	$0.23	52.2%	436	0.08	2.4K
$225.00	Oct 16	3.85	4.85	$4.35	23.0%	405	0.38	1.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 24.4%, max 45.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	46.8%	32.2%	45.6%	395	1.1K
$232.50	Oct 2	Oct 16	47.3%	35.0%	35.0%	747	1.2K
$225.00	Oct 2	Nov 6	49.0%	41.3%	18.8%	350	1.6K
$230.00	Oct 2	Nov 6	48.2%	41.4%	16.3%	1.1K	1.5K
$235.00	Oct 2	Nov 6	49.1%	46.2%	6.4%	2.6K	1.8K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	46.8%	32.2%	45.6%	476	429
$232.50	Oct 2	Oct 16	47.3%	35.0%	35.0%	69	335
$225.00	Oct 2	Nov 6	49.0%	41.3%	18.8%	567	672
$230.00	Oct 2	Nov 6	48.2%	41.4%	16.3%	933	998
$235.00	Oct 2	Oct 30	49.1%	46.4%	6.0%	34	166

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 132 found (best R:R 6.14, avg 6.18)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$245.00	Oct 23	$0.70	$4.30	$0.70	38%	6.14	$240.70
$255.00	$260.00	Oct 30	$0.32	$4.68	$0.32	24%	14.62	$255.32
$215.00	$220.00	Oct 30	$2.75	$2.25	$2.75	72%	0.82	$217.75
$230.00	$235.00	Nov 6	$1.74	$3.26	$1.74	52%	1.87	$231.74
$225.00	$230.00	Oct 23	$2.18	$2.82	$2.18	59%	1.29	$227.18

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$237.50	Oct 16	$1.37	$1.13	$1.37	73%	0.82	$238.63
$235.00	$232.50	Oct 2	$1.63	$0.87	$1.63	81%	0.53	$233.37
$235.00	$232.50	Oct 16	$1.20	$1.30	$1.20	62%	1.08	$233.80
$235.00	$230.00	Oct 23	$2.40	$2.60	$2.40	55%	1.08	$232.60
$232.50	$230.00	Oct 9	$1.20	$1.30	$1.20	60%	1.08	$231.30

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 101 found (best R:R 1.08, avg 0.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$237.50	$240.00	Oct 16	$1.24	$1.24	$1.26	66%	0.98	$238.74
$260.00	$265.00	Oct 30	$1.25	$1.25	$3.75	79%	0.33	$261.25
$245.00	$250.00	Oct 23	$1.73	$1.73	$3.27	66%	0.53	$246.73
$247.50	$250.00	Oct 16	$0.59	$0.59	$1.91	82%	0.31	$248.09
$230.00	$232.50	Oct 9	$1.32	$1.32	$1.18	51%	1.12	$231.32

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$225.00	$220.00	Oct 23	$2.60	$2.60	$2.40	59%	1.08	$222.40
$220.00	$215.00	Nov 6	$2.20	$2.20	$2.80	65%	0.79	$217.80
$220.00	$210.00	Nov 13	$3.40	$3.40	$6.60	64%	0.52	$216.60
$220.00	$215.00	Oct 30	$1.82	$1.82	$3.18	65%	0.57	$218.18
$205.00	$200.00	Oct 30	$0.98	$0.98	$4.02	82%	0.24	$204.02

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.22, cheapest $2.09)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Oct 2	Oct 9	$2.25	46.8%	34.6%
$232.50	Oct 2	Oct 9	$2.24	47.3%	35.1%
$230.00	Oct 2	Oct 9	$2.75	48.2%	37.2%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Oct 2	Oct 9	$2.09	46.8%	34.6%
$232.50	Oct 2	Oct 9	$1.75	47.3%	35.1%
$230.00	Oct 2	Oct 9	$2.22	48.2%	37.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 62 found (cheapest 2.22% of stock, avg 7.60%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$230.00	Oct 2	$2.05	$3.03	$5.08	$224.92	$235.08	2.22%
$227.50	Oct 2	$3.60	$1.79	$5.39	$222.11	$232.89	2.35%
$232.50	Oct 2	$1.24	$4.70	$5.94	$226.56	$238.44	2.59%
$225.00	Oct 2	$5.10	$0.97	$6.07	$218.93	$231.07	2.65%
$235.00	Oct 2	$0.70	$6.33	$7.03	$227.97	$242.03	3.07%
$222.50	Oct 2	$7.32	$0.48	$7.80	$214.70	$230.30	3.40%
$237.50	Oct 2	$0.44	$8.70	$9.14	$228.36	$246.64	3.99%
$220.00	Oct 2	$9.32	$0.23	$9.55	$210.45	$229.55	4.17%
$227.50	Oct 9	$5.85	$3.88	$9.73	$217.77	$237.23	4.25%
$232.50	Oct 9	$3.48	$6.45	$9.93	$222.57	$242.43	4.33%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 151 found (cheapest 0.29% of stock, avg 4.27%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$237.50	$220.00	Oct 2	$0.44	$0.23	$0.67	$219.33	$238.17
$237.50	$222.50	Oct 2	$0.44	$0.48	$0.92	$221.58	$238.42
$235.00	$220.00	Oct 2	$0.70	$0.23	$0.93	$219.07	$235.93
$272.50	$220.00	Oct 2	$1.00	$0.23	$1.23	$218.77	$273.73
$235.00	$222.50	Oct 2	$0.70	$0.48	$1.18	$221.32	$236.18
$272.50	$222.50	Oct 2	$1.00	$0.48	$1.48	$221.02	$273.98
$237.50	$225.00	Oct 2	$0.44	$0.97	$1.41	$223.59	$238.91
$235.00	$225.00	Oct 2	$0.70	$0.97	$1.67	$223.33	$236.67
$232.50	$220.00	Oct 2	$1.24	$0.23	$1.47	$218.53	$233.97
$232.50	$222.50	Oct 2	$1.24	$0.48	$1.72	$220.78	$234.22

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 229 found (best R:R 2.16, avg credit $1.20)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
212/215	238/240	Oct 16	$1.71	$0.79	49%	2.16	$213.29	$239.21
218/220	238/240	Oct 16	$1.91	$0.59	40%	3.24	$218.09	$239.41
215/218	238/240	Oct 16	$1.73	$0.77	45%	2.25	$215.77	$239.23
208/210	238/240	Oct 16	$1.44	$1.06	56%	1.36	$208.56	$238.94
210/212	238/240	Oct 16	$1.49	$1.01	54%	1.48	$211.01	$238.99
205/208	238/240	Oct 16	$1.36	$1.14	59%	1.19	$206.14	$238.86
200/205	260/265	Oct 30	$2.23	$2.77	61%	0.81	$202.77	$262.23
215/220	260/265	Oct 30	$3.07	$1.93	44%	1.59	$216.93	$263.07
220/222	238/240	Oct 16	$1.91	$0.59	34%	3.24	$220.59	$239.41
212/215	248/250	Oct 16	$1.06	$1.44	66%	0.74	$213.94	$248.56

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 109 found (best R:R 28.41, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$235.00	$237.50	$240.00	Oct 9	$0.05	$2.45	12%	49.00
$220.00	$225.00	$230.00	Nov 6	$0.24	$4.76	13%	19.83
$230.00	$232.50	$235.00	Oct 2	$0.27	$2.23	26%	8.26
$250.00	$255.00	$260.00	Oct 23	$0.15	$4.85	9%	32.33
$215.00	$220.00	$225.00	Nov 6	$0.30	$4.70	13%	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$230.00	$235.00	Oct 23	$0.17	$4.83	14%	28.41
$205.00	$210.00	$215.00	Oct 23	$0.15	$4.85	11%	32.33
$245.00	$250.00	$255.00	Oct 16	$0.15	$4.85	10%	32.33
$200.00	$205.00	$210.00	Nov 6	$0.11	$4.89	9%	44.45
$190.00	$195.00	$200.00	Nov 6	$0.07	$4.93	7%	70.43

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 $-1.60, 119 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$227.50	$230.00	1:2	Oct 2	-$0.50	$2.00
$200.00	$210.00	1:2	Oct 2	-$9.41	$0.59
$250.00	$260.00	1:2	Nov 6	-$1.85	$8.15
$230.00	$232.50	1:2	Oct 2	-$0.43	$2.07
$232.50	$235.00	1:2	Oct 2	-$0.16	$2.34

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$220.00	$210.00	1:2	Nov 13	-$1.60	$8.40
$210.00	$200.00	1:2	Nov 13	-$1.16	$8.84
$230.00	$227.50	1:2	Oct 2	-$0.55	$1.95
$227.50	$225.00	1:2	Oct 2	-$0.15	$2.35
$232.50	$230.00	1:2	Oct 2	-$1.36	$1.14

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 4.21%, avg 1.46%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$235.00	Nov 6	$9.65	0.47	2.6%	4.21%	6.79%	2	14
$230.00	Nov 6	$11.85	0.53	0.4%	5.17%	5.57%	6	25
$240.00	Nov 6	$7.75	0.41	4.8%	3.38%	8.15%	1	20
$235.00	Oct 30	$8.95	0.46	2.6%	3.91%	6.49%	8	464
$230.00	Oct 30	$11.10	0.52	0.4%	4.85%	5.24%	27	275
$240.00	Oct 30	$7.20	0.40	4.8%	3.14%	7.91%	17	169
$245.00	Nov 6	$6.00	0.35	6.9%	2.62%	9.56%	--	40
$250.00	Nov 6	$4.75	0.31	9.1%	2.07%	11.20%	2	38
$245.00	Oct 30	$5.80	0.34	6.9%	2.53%	9.48%	161	103
$235.00	Oct 23	$8.15	0.45	2.6%	3.56%	6.14%	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 20,247

Total Puts 6,187

Put/Call Ratio 0.31

Net Difference 14,060

Prior's Put/Call Breakdown

Total Calls 18,854

Total Puts 1,596

Put/Call Ratio 0.08

Net Difference 17,258

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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