IBM - Options Database

IBM

IBM CORP

$229.43 +4.32%

(10/1 09:55) ◀

Thursday, October 1, 2026 (10:00am)

▶ (10/1 10:05)

◀ 10/1 10:00 ▶

Option Volume

Detail

ℹ

Current (10/01 10:00am) 28,068

Calls: 21,045 (75%)

Puts: 7,023 (25%)

Prior (09/14) 21,574

Calls: 19,832 (92%)

Puts: 1,742 (8%)

Current vs Prior +30.10%

Calls: +6.12% (Calls)

Puts: +303.16% (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 -76.04%

Calls: -72.27%

Puts: -82.97%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 10:00am) $10.16M

Calls: $7.57M (75%)

Puts: $2.59M (25%)

Prior (09/14) $10.15M

Calls: $9.59M (94%)

Puts: $558.9K (6%)

Current vs Prior +0.15%

Calls: -21.00%

Puts: +362.94%

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 -87.91%

Calls: -82.64%

Puts: -93.60%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 10:00am) 0.33

Prior (09/14) 0.09

Current vs Prior +279.92%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -25.71%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 10:00am) 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 2.80% | 4.76%6.16% | 13.61%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -6.66% | -3.38%+105.43% | +54.45%

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

Current vs 7-Day Avg -45.07% | -35.22%-22.53% | +2.08%

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

Current vs 7-Day Eod -6.66% | -3.38%+4.84% | +2.49%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 23.82% | 15.88%

Calls: 27.78% | 18.17%

Puts: 19.86% | 13.59%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +32.41% | +64.90%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +124.78% | +49.53%

Liquidity Expensive

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Moderately bullish flow with 75% call dollar volume ($7.57M). Extreme bullish P/C ratio of 0.33 - heavy call buying (21,045 calls vs 7,023 puts). P/C ratio rising 280% - 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
10:00	BULLISH	BULLISH	BULLISH
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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⚡ Straddles

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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 15 of results (avg 8.1%, best 6.0%)

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
$200.00	Oct 16	28.75	31.15	$29.95	8.0%	--	0.96	181
$250.00	Oct 16	1.05	1.14	$1.10	8.2%	814	0.13	5.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	44.20	46.95	$45.58	6.0%	--	1.00	22
$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%	--	0.94	38
$250.00	Oct 30	23.25	25.35	$24.30	8.6%	--	0.71	32
$245.00	Oct 16	16.20	17.75	$16.98	9.1%	2	0.81	353

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.22, cheapest $0.22)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.20	0.23	$0.22	13.6%	2.4K	0.07	1.8K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 83 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	33.10	36.30	$34.70	9.2%	2	1.00	4
$200.00	Oct 2	28.25	31.25	$29.75	10.1%	--	1.00	155
$185.00	Oct 16	43.30	46.20	$44.75	6.5%	--	0.98	30
$190.00	Oct 16	38.30	41.35	$39.83	7.7%	--	0.98	124
$210.00	Oct 2	18.05	21.35	$19.70	16.8%	--	0.98	40

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
$275.00	Oct 16	44.20	46.95	$45.58	6.0%	--	1.00	22
$265.00	Oct 16	34.15	37.05	$35.60	8.1%	--	0.94	38
$240.00	Oct 2	9.75	12.40	$11.08	23.9%	4	0.93	7
$260.00	Oct 16	29.25	32.40	$30.83	10.2%	2	0.93	63

Most actively traded options today. High liquidity = easy entry/exit. 189 active (total vol 25.1K, top 2.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	0.67	0.88	$0.78	26.9%	2.7K	0.21	1.8K
$240.00	Oct 2	0.20	0.23	$0.22	13.6%	2.4K	0.07	1.8K
$230.00	Oct 2	2.17	2.45	$2.31	12.1%	1.2K	0.47	1.4K
$237.50	Oct 2	0.36	0.45	$0.41	22.0%	877	0.12	472
$250.00	Oct 16	1.05	1.14	$1.10	8.2%	814	0.13	5.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	2.54	3.10	$2.82	19.9%	1.2K	0.53	985
$225.00	Oct 2	0.80	1.00	$0.90	22.2%	698	0.24	654
$220.00	Oct 2	0.16	0.27	$0.22	50.0%	563	0.07	2.4K
$227.50	Oct 2	1.50	1.81	$1.66	18.7%	556	0.38	213
$225.00	Oct 16	3.60	4.70	$4.15	26.5%	406	0.37	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 24.3%, max 43.4%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$232.50	Oct 2	Oct 16	49.0%	34.2%	43.4%	778	1.2K
$227.50	Oct 2	Oct 16	45.7%	33.0%	38.5%	397	1.1K
$225.00	Oct 2	Nov 6	48.2%	41.3%	16.6%	379	1.6K
$230.00	Oct 2	Nov 6	47.4%	41.5%	14.2%	1.2K	1.5K
$235.00	Oct 2	Nov 6	49.8%	46.2%	7.9%	2.7K	1.8K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$232.50	Oct 2	Oct 16	49.0%	34.2%	43.4%	69	335
$227.50	Oct 2	Oct 16	46.4%	33.0%	40.6%	570	429
$225.00	Oct 2	Nov 6	48.2%	41.3%	16.6%	698	672
$230.00	Oct 2	Nov 6	47.4%	41.5%	14.2%	1.2K	998
$235.00	Oct 2	Oct 30	49.8%	46.4%	7.4%	34	166

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 138 found (best R:R 0.92, avg 6.34)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$215.00	$220.00	Oct 30	$2.60	$2.40	$2.60	72%	0.92	$217.60
$240.00	$245.00	Oct 23	$0.98	$4.02	$0.98	38%	4.10	$240.98
$220.00	$225.00	Nov 6	$2.40	$2.60	$2.40	65%	1.08	$222.40
$230.00	$235.00	Nov 6	$1.74	$3.26	$1.74	52%	1.87	$231.74
$255.00	$260.00	Oct 30	$0.38	$4.62	$0.38	24%	12.16	$255.38

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$250.00	$245.00	Oct 30	$3.25	$1.75	$3.25	71%	0.54	$246.75
$235.00	$230.00	Oct 23	$2.38	$2.62	$2.38	55%	1.10	$232.62
$237.50	$235.00	Oct 9	$1.62	$0.88	$1.62	74%	0.54	$235.88
$220.00	$217.50	Oct 9	$0.29	$2.21	$0.29	20%	7.62	$219.71
$232.50	$230.00	Oct 9	$1.25	$1.25	$1.25	59%	1.00	$231.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 108 found (best R:R 0.69, avg 0.29)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$272.50	$275.00	Oct 2	$1.02	$1.02	$1.48	91%	0.69	$273.52
$250.00	$260.00	Nov 6	$2.70	$2.70	$7.30	69%	0.37	$252.70
$260.00	$265.00	Oct 30	$1.19	$1.19	$3.81	79%	0.31	$261.19
$235.00	$240.00	Nov 6	$2.50	$2.50	$2.50	53%	1.00	$237.50
$245.00	$250.00	Oct 23	$1.75	$1.75	$3.25	67%	0.54	$246.75

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$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 23	$1.83	$1.83	$3.17	66%	0.58	$218.17
$225.00	$220.00	Oct 23	$2.15	$2.15	$2.85	59%	0.75	$222.85
$220.00	$215.00	Oct 30	$1.80	$1.80	$3.20	65%	0.56	$218.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.21, cheapest $2.02)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$232.50	Oct 2	Oct 9	$2.10	49.0%	34.9%
$227.50	Oct 2	Oct 9	$2.18	45.7%	34.4%
$230.00	Oct 2	Oct 9	$2.44	47.4%	36.6%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$232.50	Oct 2	Oct 9	$2.02	49.0%	34.9%
$227.50	Oct 2	Oct 9	$2.17	46.4%	34.4%
$230.00	Oct 2	Oct 9	$2.33	47.4%	36.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 63 found (cheapest 2.24% of stock, avg 7.54%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$230.00	Oct 2	$2.31	$2.82	$5.13	$224.87	$235.13	2.24%
$227.50	Oct 2	$3.60	$1.66	$5.26	$222.24	$232.76	2.29%
$232.50	Oct 2	$1.34	$4.38	$5.72	$226.78	$238.22	2.49%
$225.00	Oct 2	$5.25	$0.90	$6.15	$218.85	$231.15	2.68%
$235.00	Oct 2	$0.78	$6.18	$6.96	$228.04	$241.96	3.03%
$222.50	Oct 2	$7.35	$0.46	$7.81	$214.69	$230.31	3.40%
$237.50	Oct 2	$0.41	$8.75	$9.16	$228.34	$246.66	3.99%
$227.50	Oct 9	$5.78	$3.83	$9.61	$217.89	$237.11	4.19%
$220.00	Oct 2	$9.63	$0.22	$9.85	$210.15	$229.85	4.29%
$232.50	Oct 9	$3.44	$6.40	$9.84	$222.66	$242.34	4.29%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 154 found (cheapest 0.27% of stock, avg 4.20%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$237.50	$220.00	Oct 2	$0.41	$0.22	$0.63	$219.37	$238.13
$237.50	$222.50	Oct 2	$0.41	$0.46	$0.87	$221.63	$238.37
$235.00	$220.00	Oct 2	$0.78	$0.22	$1.00	$219.00	$236.00
$272.50	$220.00	Oct 2	$1.07	$0.22	$1.29	$218.71	$273.79
$235.00	$222.50	Oct 2	$0.78	$0.46	$1.24	$221.26	$236.24
$237.50	$225.00	Oct 2	$0.41	$0.90	$1.31	$223.69	$238.81
$272.50	$222.50	Oct 2	$1.07	$0.46	$1.53	$220.97	$274.03
$235.00	$225.00	Oct 2	$0.78	$0.90	$1.68	$223.32	$236.68
$232.50	$220.00	Oct 2	$1.34	$0.22	$1.56	$218.44	$234.06
$232.50	$222.50	Oct 2	$1.34	$0.46	$1.80	$220.70	$234.30

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 252 found (best R:R 0.82, avg credit $1.21)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
218/220	272/275	Oct 2	$1.13	$1.37	84%	0.82	$218.87	$273.63
220/222	272/275	Oct 2	$1.26	$1.24	78%	1.02	$221.24	$273.76
222/225	272/275	Oct 2	$1.46	$1.04	67%	1.40	$223.54	$273.96
215/220	270/275	Nov 6	$3.04	$1.96	50%	1.55	$216.96	$273.04
215/220	245/250	Oct 23	$3.58	$1.42	33%	2.52	$216.42	$248.58
215/220	260/265	Oct 30	$2.99	$2.01	44%	1.49	$217.01	$262.99
200/205	260/265	Oct 30	$2.10	$2.90	61%	0.72	$202.90	$262.10
195/200	260/265	Oct 30	$1.88	$3.12	66%	0.60	$198.12	$261.88
215/220	265/270	Nov 6	$2.83	$2.17	46%	1.30	$217.17	$267.83
212/215	240/242	Oct 16	$1.26	$1.24	55%	1.02	$213.74	$241.26

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 120 found (best R:R 49.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$245.00	$250.00	$255.00	Oct 30	$0.10	$4.90	10%	49.00
$227.50	$230.00	$232.50	Oct 2	$0.32	$2.18	30%	6.81
$240.00	$245.00	$250.00	Nov 6	$0.16	$4.84	9%	30.25
$232.50	$235.00	$237.50	Oct 2	$0.19	$2.31	20%	12.16
$250.00	$255.00	$260.00	Oct 23	$0.16	$4.84	9%	30.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$220.00	$225.00	$230.00	Oct 23	$0.10	$4.90	14%	49.00
$225.00	$230.00	$235.00	Oct 23	$0.13	$4.87	14%	37.46
$240.00	$245.00	$250.00	Oct 30	$0.05	$4.95	11%	99.00
$240.00	$245.00	$250.00	Oct 16	$0.22	$4.78	15%	21.73
$245.00	$250.00	$255.00	Oct 16	$0.13	$4.87	10%	37.46

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 132 found (best net $-0.83, 123 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$250.00	$260.00	1:2	Nov 6	-$0.83	$9.17
$230.00	$232.50	1:2	Oct 2	-$0.37	$2.13
$200.00	$210.00	1:2	Oct 2	-$9.65	$0.35
$232.50	$235.00	1:2	Oct 2	-$0.22	$2.28
$227.50	$230.00	1:2	Oct 2	-$1.02	$1.48

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	-$0.50	$2.00
$227.50	$225.00	1:2	Oct 2	-$0.14	$2.36
$225.00	$222.50	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. 60 found (best yield 4.21%, avg 1.41%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$235.00	Nov 6	$9.65	0.47	2.4%	4.21%	6.63%	2	14
$230.00	Nov 6	$11.85	0.52	0.2%	5.16%	5.41%	6	25
$240.00	Nov 6	$7.75	0.40	4.6%	3.38%	7.99%	1	20
$235.00	Oct 30	$8.95	0.46	2.4%	3.90%	6.33%	8	464
$245.00	Nov 6	$6.00	0.35	6.8%	2.62%	9.40%	--	40
$240.00	Oct 30	$7.30	0.39	4.6%	3.18%	7.79%	21	169
$230.00	Oct 30	$11.10	0.52	0.2%	4.84%	5.09%	27	275
$250.00	Nov 6	$4.90	0.31	9.0%	2.14%	11.10%	2	38
$245.00	Oct 30	$5.75	0.34	6.8%	2.51%	9.29%	171	103
$255.00	Nov 13	$4.35	0.26	11.2%	1.90%	13.04%	10	--

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 21,045

Total Puts 7,023

Put/Call Ratio 0.33

Net Difference 14,022

Prior's Put/Call Breakdown

Total Calls 19,832

Total Puts 1,742

Put/Call Ratio 0.09

Net Difference 18,090

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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