IBM - Options Database

IBM

IBM CORP

$230.37 +4.74%

(10/1 10:00) ◀

Thursday, October 1, 2026 (10:05am)

▶ (10/1 10:10)

◀ 10/1 10:05 ▶

Option Volume

Detail

ℹ

Current (10/01 10:05am) 30,462

Calls: 22,850 (75%)

Puts: 7,612 (25%)

Prior (09/14) 22,448

Calls: 20,605 (92%)

Puts: 1,843 (8%)

Current vs Prior +35.70%

Calls: +10.90% (Calls)

Puts: +313.02% (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 -73.99%

Calls: -69.89%

Puts: -81.54%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 10:05am) $11.31M

Calls: $8.69M (77%)

Puts: $2.63M (23%)

Prior (09/14) $10.89M

Calls: $10.20M (94%)

Puts: $693.0K (6%)

Current vs Prior +3.88%

Calls: -14.84%

Puts: +279.27%

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 -86.54%

Calls: -80.09%

Puts: -93.49%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 10:05am) 0.33

Prior (09/14) 0.09

Current vs Prior +272.44%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -25.85%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 10:05am) 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 3.09% | 4.91%6.32% | 13.85%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior +3.09% | -0.43%+110.67% | +57.17%

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

Current vs 7-Day Avg -39.33% | -33.24%-20.55% | +3.88%

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

Current vs 7-Day Eod +3.09% | -0.43%+7.51% | +4.29%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 28.42% | 20.33%

Calls: 14.60% | 10.72%

Puts: 42.24% | 29.94%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +57.98% | +111.11%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +168.19% | +91.43%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 77% of dollar volume in calls ($8.69M) vs puts ($2.63M). Extreme bullish P/C ratio of 0.33 - heavy call buying (22,850 calls vs 7,612 puts). P/C ratio rising 272% - 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
10:05	BULLISH	BULLISH	BULLISH
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

📈 Options Analysis

🎯 Tightest Spreads

💰 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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 24 of results (avg 8.2%, best 5.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Oct 9	20.50	21.65	$21.08	5.5%	1	0.94	33
$240.00	Oct 30	8.00	8.55	$8.28	6.6%	21	0.41	169
$200.00	Oct 30	31.70	33.95	$32.83	6.9%	--	0.87	117
$185.00	Oct 16	43.80	47.00	$45.40	7.0%	--	0.99	30
$225.00	Oct 30	14.55	15.65	$15.10	7.3%	44	0.60	116

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	44.05	46.70	$45.38	5.8%	--	1.00	22
$240.00	Oct 30	16.45	17.60	$17.02	6.8%	--	0.59	60
$270.00	Oct 16	38.80	41.85	$40.33	7.6%	--	1.00	11
$265.00	Oct 16	33.95	36.90	$35.42	8.3%	--	0.94	38
$260.00	Oct 16	28.75	31.25	$30.00	8.3%	2	0.93	63

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.66, cheapest $0.30)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.28	0.32	$0.30	13.3%	2.5K	0.09	1.8K
$235.00	Oct 2	0.90	1.03	$0.97	13.4%	2.8K	0.25	1.8K

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 2	0.65	0.75	$0.70	14.3%	826	0.20	654

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	33.30	36.45	$34.88	9.0%	2	1.00	4
$200.00	Oct 2	28.25	31.25	$29.75	10.1%	--	1.00	155
$210.00	Oct 2	18.20	21.35	$19.77	15.9%	--	1.00	40
$212.50	Oct 2	15.75	18.85	$17.30	17.9%	--	1.00	44
$215.00	Oct 2	13.45	16.35	$14.90	19.5%	1	1.00	32

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	38.80	41.85	$40.33	7.6%	--	1.00	11
$275.00	Oct 16	44.05	46.70	$45.38	5.8%	--	1.00	22
$265.00	Oct 16	33.95	36.90	$35.42	8.3%	--	0.94	38
$260.00	Oct 16	28.75	31.25	$30.00	8.3%	2	0.93	63
$240.00	Oct 2	9.80	10.70	$10.25	8.8%	8	0.91	7

Most actively traded options today. High liquidity = easy entry/exit. 196 active (total vol 27.3K, top 2.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	0.90	1.03	$0.97	13.4%	2.8K	0.25	1.8K
$240.00	Oct 2	0.28	0.32	$0.30	13.3%	2.5K	0.09	1.8K
$230.00	Oct 2	2.54	2.94	$2.74	14.6%	1.2K	0.52	1.4K
$232.50	Oct 2	1.61	1.88	$1.75	15.4%	1.2K	0.38	1.0K
$237.50	Oct 2	0.47	0.59	$0.53	22.6%	906	0.15	472

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	2.21	2.62	$2.42	16.9%	1.2K	0.48	985
$225.00	Oct 2	0.65	0.75	$0.70	14.3%	826	0.20	654
$227.50	Oct 2	1.27	1.45	$1.36	13.2%	625	0.32	213
$220.00	Oct 2	0.13	0.19	$0.16	37.5%	586	0.06	2.4K
$225.00	Oct 16	3.50	4.15	$3.83	17.0%	415	0.35	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. 12 strikes (avg 28.5%, max 52.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$237.50	Oct 2	Oct 16	50.4%	33.0%	52.5%	920	744
$232.50	Oct 2	Oct 16	50.0%	34.3%	45.9%	1.3K	1.2K
$227.50	Oct 2	Oct 16	46.9%	33.2%	41.6%	421	1.1K
$230.00	Oct 2	Nov 6	47.5%	42.2%	12.5%	1.2K	1.5K
$235.00	Oct 2	Nov 6	49.4%	44.4%	11.3%	2.8K	1.8K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$237.50	Oct 2	Oct 16	50.4%	33.0%	52.5%	10	55
$232.50	Oct 2	Oct 16	50.0%	34.3%	45.9%	70	335
$227.50	Oct 2	Oct 16	47.1%	33.2%	42.1%	644	429
$230.00	Oct 2	Nov 6	47.5%	42.2%	12.5%	1.2K	998
$225.00	Oct 2	Nov 6	47.2%	42.8%	10.4%	834	672

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 139 found (best R:R 1.54, avg 6.01)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$225.00	$230.00	Nov 6	$1.97	$3.03	$1.97	60%	1.54	$226.97
$255.00	$265.00	Nov 13	$1.34	$8.66	$1.34	26%	6.46	$256.34
$230.00	$235.00	Oct 23	$1.84	$3.16	$1.84	52%	1.72	$231.84
$225.00	$227.50	Oct 9	$1.05	$1.45	$1.05	69%	1.38	$226.05
$220.00	$225.00	Oct 30	$2.65	$2.35	$2.65	67%	0.89	$222.65

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$225.00	Oct 30	$1.90	$3.10	$1.90	47%	1.63	$228.10
$235.00	$232.50	Oct 2	$1.57	$0.93	$1.57	75%	0.59	$233.43
$235.00	$232.50	Oct 16	$1.29	$1.21	$1.29	60%	0.94	$233.71
$240.00	$237.50	Oct 16	$1.60	$0.90	$1.60	71%	0.56	$238.40
$190.00	$185.00	Nov 6	$0.21	$4.79	$0.21	7%	22.81	$189.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 109 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
$270.00	$275.00	Nov 6	$0.84	$0.84	$4.16	84%	0.20	$270.84
$235.00	$237.50	Oct 16	$1.08	$1.08	$1.42	60%	0.76	$236.08
$265.00	$270.00	Oct 9	$0.30	$0.30	$4.70	94%	0.06	$265.30
$270.00	$275.00	Oct 9	$0.17	$0.17	$4.83	97%	0.04	$270.17

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$225.00	$220.00	Oct 30	$2.55	$2.55	$2.45	60%	1.04	$222.45
$220.00	$210.00	Nov 13	$3.40	$3.40	$6.60	64%	0.52	$216.60
$220.00	$215.00	Nov 6	$2.10	$2.10	$2.90	66%	0.72	$217.90
$215.00	$210.00	Nov 6	$1.46	$1.46	$3.54	72%	0.41	$213.54
$195.00	$190.00	Oct 9	$0.34	$0.34	$4.66	95%	0.07	$194.66

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.17, cheapest $1.80)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$232.50	Oct 2	Oct 9	$2.22	50.0%	35.8%
$230.00	Oct 2	Oct 9	$2.39	47.5%	34.3%
$227.50	Oct 2	Oct 9	$2.40	46.9%	34.6%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$232.50	Oct 2	Oct 9	$1.80	50.0%	35.8%
$230.00	Oct 2	Oct 9	$2.13	47.5%	34.3%
$227.50	Oct 2	Oct 9	$2.09	47.1%	34.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 64 found (cheapest 2.24% of stock, avg 7.62%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$230.00	Oct 2	$2.74	$2.42	$5.16	$224.84	$235.16	2.24%
$227.50	Oct 2	$4.13	$1.36	$5.49	$222.01	$232.99	2.38%
$232.50	Oct 2	$1.75	$4.38	$6.13	$226.37	$238.63	2.66%
$225.00	Oct 2	$5.95	$0.70	$6.65	$218.35	$231.65	2.89%
$235.00	Oct 2	$0.97	$5.95	$6.92	$228.08	$241.92	3.00%
$237.50	Oct 2	$0.53	$7.88	$8.41	$229.09	$245.91	3.65%
$222.50	Oct 2	$8.32	$0.38	$8.70	$213.80	$231.20	3.78%
$230.00	Oct 9	$5.13	$4.55	$9.68	$220.32	$239.68	4.20%
$227.50	Oct 9	$6.53	$3.45	$9.98	$217.52	$237.48	4.33%
$225.00	Oct 9	$7.58	$2.46	$10.04	$214.96	$235.04	4.36%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 162 found (cheapest 0.20% of stock, avg 4.14%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$240.00	$220.00	Oct 2	$0.30	$0.16	$0.46	$219.54	$240.46
$240.00	$222.50	Oct 2	$0.30	$0.38	$0.68	$221.82	$240.68
$237.50	$220.00	Oct 2	$0.53	$0.16	$0.69	$219.31	$238.19
$237.50	$222.50	Oct 2	$0.53	$0.38	$0.91	$221.59	$238.41
$240.00	$225.00	Oct 2	$0.30	$0.70	$1.00	$224.00	$241.00
$272.50	$220.00	Oct 2	$1.07	$0.16	$1.23	$218.77	$273.73
$237.50	$225.00	Oct 2	$0.53	$0.70	$1.23	$223.77	$238.73
$235.00	$220.00	Oct 2	$0.97	$0.16	$1.13	$218.87	$236.13
$272.50	$222.50	Oct 2	$1.07	$0.38	$1.45	$221.05	$273.95
$235.00	$222.50	Oct 2	$0.97	$0.38	$1.35	$221.15	$236.35

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 268 found (best R:R 0.98, avg credit $1.16)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
220/222	272/275	Oct 2	$1.24	$1.26	80%	0.98	$221.26	$273.74
225/228	272/275	Oct 2	$1.68	$0.82	59%	2.05	$225.82	$274.18
222/225	272/275	Oct 2	$1.34	$1.16	72%	1.16	$223.66	$273.84
215/220	270/275	Nov 6	$2.94	$2.06	50%	1.43	$217.06	$272.94
190/195	270/275	Nov 6	$1.44	$3.56	74%	0.40	$193.56	$271.44
210/215	270/275	Nov 6	$2.30	$2.70	57%	0.85	$212.70	$272.30
190/195	265/270	Oct 9	$0.64	$4.36	89%	0.15	$194.36	$265.64
195/200	270/275	Nov 6	$1.51	$3.49	71%	0.43	$198.49	$271.51
200/205	270/275	Nov 6	$1.70	$3.30	67%	0.52	$203.30	$271.70
215/220	265/270	Nov 6	$2.66	$2.34	47%	1.14	$217.34	$267.66

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 131 found (best R:R 10.90, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$230.00	$232.50	$235.00	Oct 2	$0.21	$2.29	28%	10.90
$240.00	$245.00	$250.00	Nov 6	$0.16	$4.84	11%	30.25
$235.00	$237.50	$240.00	Oct 9	$0.08	$2.42	13%	30.25
$250.00	$255.00	$260.00	Oct 30	$0.17	$4.83	9%	28.41
$230.00	$232.50	$235.00	Oct 9	$0.15	$2.35	16%	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$210.00	$215.00	$220.00	Oct 30	$0.14	$4.86	12%	34.71
$200.00	$205.00	$210.00	Nov 6	$0.11	$4.89	8%	44.45
$225.00	$227.50	$230.00	Oct 9	$0.11	$2.39	16%	21.73
$190.00	$195.00	$200.00	Nov 6	$0.07	$4.93	6%	70.43
$220.00	$222.50	$225.00	Oct 2	$0.10	$2.40	14%	24.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 138 found (best net $-1.60, 129 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$245.00	$255.00	1:2	Nov 13	-$1.84	$8.16
$250.00	$260.00	1:2	Nov 6	-$1.48	$8.52
$232.50	$235.00	1:2	Oct 2	-$0.19	$2.31
$235.00	$237.50	1:2	Oct 2	-$0.09	$2.41
$230.00	$232.50	1:2	Oct 2	-$0.76	$1.74

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$220.00	$210.00	1:2	Nov 13	-$1.60	$8.40
$232.50	$230.00	1:2	Oct 2	-$0.46	$2.04
$230.00	$227.50	1:2	Oct 2	-$0.30	$2.20
$210.00	$200.00	1:2	Nov 13	-$1.16	$8.84
$227.50	$225.00	1:2	Oct 2	-$0.04	$2.46

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 3.47%, avg 1.27%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$240.00	Oct 30	$8.00	0.41	4.2%	3.47%	7.65%	21	169
$235.00	Nov 6	$9.70	0.47	2.0%	4.21%	6.22%	2	14
$235.00	Oct 30	$9.60	0.47	2.0%	4.17%	6.18%	8	464
$245.00	Nov 13	$6.45	0.36	6.3%	2.80%	9.15%	10	--
$240.00	Nov 6	$7.75	0.41	4.2%	3.36%	7.54%	1	20
$245.00	Oct 30	$6.00	0.35	6.3%	2.60%	8.96%	212	103
$245.00	Nov 6	$6.00	0.35	6.3%	2.60%	8.96%	--	40
$235.00	Oct 23	$8.95	0.46	2.0%	3.89%	5.89%	125	588
$250.00	Nov 6	$4.95	0.30	8.5%	2.15%	10.67%	3	38
$240.00	Oct 23	$7.00	0.39	4.2%	3.04%	7.22%	342	449

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 22,850

Total Puts 7,612

Put/Call Ratio 0.33

Net Difference 15,238

Prior's Put/Call Breakdown

Total Calls 20,605

Total Puts 1,843

Put/Call Ratio 0.09

Net Difference 18,762

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

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📈 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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