IBM - Options Database

IBM

IBM CORP

$231.95 +5.47%

(10/1 10:05) ◀

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

▶

◀ 10/1 10:10

Option Volume

Detail

ℹ

Current (10/01 10:10am) 33,273

Calls: 24,622 (74%)

Puts: 8,651 (26%)

Prior (09/14) 23,377

Calls: 21,378 (91%)

Puts: 1,999 (9%)

Current vs Prior +42.33%

Calls: +15.17% (Calls)

Puts: +332.77% (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 -71.59%

Calls: -67.55%

Puts: -79.02%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 10:10am) $12.90M

Calls: $10.30M (80%)

Puts: $2.60M (20%)

Prior (09/14) $11.59M

Calls: $10.76M (93%)

Puts: $831.0K (7%)

Current vs Prior +11.28%

Calls: -4.25%

Puts: +212.30%

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 -84.65%

Calls: -76.39%

Puts: -93.58%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 10:10am) 0.35

Prior (09/14) 0.09

Current vs Prior +275.75%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -21.77%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 10:10am) 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 3.08% | 4.76%6.40% | 14.01%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior +2.82% | -3.56%+113.55% | +58.99%

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

Current vs 7-Day Avg -39.49% | -35.33%-19.47% | +5.08%

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

Current vs 7-Day Eod +2.82% | -3.56%+8.98% | +5.50%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 47.66% | 14.93%

Calls: 22.22% | 15.25%

Puts: 73.09% | 14.62%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +164.92% | +55.04%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +349.74% | +40.58%

Liquidity Expensive

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Strong bullish conviction with 80% of dollar volume in calls ($10.30M) vs puts ($2.60M). Extreme bullish P/C ratio of 0.35 - heavy call buying (24,622 calls vs 8,651 puts). P/C ratio rising 276% - 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
10:10	BULLISH	BULLISH	BULLISH
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

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💰 Best Value Under $1

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📈 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 25 of results (avg 8.8%, best 6.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 30	15.45	16.45	$15.95	6.3%	46	0.62	116
$190.00	Oct 16	40.25	43.10	$41.68	6.8%	--	1.00	124
$195.00	Oct 9	35.05	37.90	$36.47	7.8%	2	0.94	1
$195.00	Oct 16	35.25	38.15	$36.70	7.9%	--	1.00	57
$225.00	Oct 23	14.45	15.70	$15.08	8.3%	169	0.62	95

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 30	15.60	16.65	$16.13	6.5%	--	0.58	60
$275.00	Oct 16	42.25	45.30	$43.78	7.0%	--	0.97	22
$270.00	Oct 16	37.30	40.35	$38.83	7.9%	--	0.97	11
$265.00	Oct 16	32.50	35.50	$34.00	8.8%	--	0.95	38
$230.00	Oct 30	10.15	11.10	$10.63	8.9%	1	0.45	45

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.20, cheapest $0.08)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$247.50	Oct 2	0.07	0.08	$0.08	12.5%	79	0.03	152
$240.00	Oct 2	0.42	0.46	$0.44	9.1%	3.2K	0.13	1.8K
$250.00	Oct 2	0.06	0.07	$0.07	14.3%	857	0.02	1.5K

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	34.80	38.20	$36.50	9.3%	2	1.00	4
$200.00	Oct 2	29.65	32.75	$31.20	9.9%	--	1.00	155
$210.00	Oct 2	19.75	22.65	$21.20	13.7%	1	1.00	40
$212.50	Oct 2	17.25	20.30	$18.77	16.2%	--	1.00	44
$215.00	Oct 2	14.80	17.80	$16.30	18.4%	1	1.00	32

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	42.25	45.30	$43.78	7.0%	--	0.97	22
$270.00	Oct 16	37.30	40.35	$38.83	7.9%	--	0.97	11
$265.00	Oct 16	32.50	35.50	$34.00	8.8%	--	0.95	38
$260.00	Oct 16	27.30	30.55	$28.93	11.2%	2	0.93	63
$255.00	Oct 16	22.95	25.80	$24.38	11.7%	--	0.89	276

Most actively traded options today. High liquidity = easy entry/exit. 194 active (total vol 29.8K, top 3.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.42	0.46	$0.44	9.1%	3.2K	0.13	1.8K
$235.00	Oct 2	1.31	1.50	$1.41	13.5%	3.0K	0.31	1.8K
$230.00	Oct 2	3.20	4.00	$3.60	22.2%	1.4K	0.60	1.4K
$232.50	Oct 2	2.11	2.50	$2.30	17.0%	1.3K	0.44	1.0K
$237.50	Oct 2	0.66	0.88	$0.77	28.6%	929	0.20	472

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	1.60	1.93	$1.77	18.6%	1.5K	0.41	985
$225.00	Oct 2	0.42	0.65	$0.54	42.6%	961	0.16	654
$227.50	Oct 2	0.90	1.20	$1.05	28.6%	694	0.27	213
$220.00	Oct 2	0.07	0.13	$0.10	60.0%	635	0.04	2.4K
$225.00	Oct 16	3.10	3.60	$3.35	14.9%	416	0.33	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. 9 strikes (avg 37.1%, max 51.9%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$237.50	Oct 2	Oct 16	52.7%	34.7%	51.9%	943	744
$227.50	Oct 2	Oct 16	46.3%	31.2%	48.3%	485	1.1K
$232.50	Oct 2	Oct 16	53.3%	36.7%	45.1%	1.3K	1.2K
$235.00	Oct 2	Nov 6	53.4%	44.3%	20.5%	3.0K	1.8K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$237.50	Oct 2	Oct 16	52.7%	34.7%	51.9%	10	55
$227.50	Oct 2	Oct 16	46.6%	31.2%	49.4%	713	429
$232.50	Oct 2	Oct 16	53.3%	36.7%	45.1%	71	335
$235.00	Oct 2	Oct 30	53.4%	46.8%	14.0%	34	166
$225.00	Oct 2	Nov 6	47.0%	43.8%	7.3%	970	672

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 134 found (best R:R 1.04, avg 5.38)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$225.00	Oct 30	$2.45	$2.55	$2.45	68%	1.04	$222.45
$225.00	$230.00	Nov 6	$2.08	$2.92	$2.08	61%	1.40	$227.08
$220.00	$225.00	Oct 23	$2.57	$2.43	$2.57	69%	0.95	$222.57
$225.00	$227.50	Oct 16	$1.02	$1.48	$1.02	68%	1.45	$226.02
$250.00	$255.00	Nov 6	$0.88	$4.12	$0.88	31%	4.68	$250.88

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$235.00	Oct 30	$2.20	$2.80	$2.20	58%	1.27	$237.80
$240.00	$237.50	Oct 9	$1.63	$0.87	$1.63	74%	0.53	$238.37
$217.50	$215.00	Oct 16	$0.27	$2.23	$0.27	18%	8.26	$217.23
$235.00	$232.50	Oct 2	$1.50	$1.00	$1.50	69%	0.67	$233.50
$235.00	$232.50	Oct 16	$1.30	$1.20	$1.30	57%	0.92	$233.70

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 104 found (best R:R 0.69, avg 0.31)

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
$240.00	$242.50	Oct 16	$0.95	$0.95	$1.55	68%	0.61	$240.95
$235.00	$237.50	Oct 16	$1.23	$1.23	$1.27	58%	0.97	$236.23
$270.00	$275.00	Nov 6	$0.83	$0.83	$4.17	84%	0.20	$270.83
$265.00	$270.00	Oct 9	$0.30	$0.30	$4.70	94%	0.06	$265.30

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$210.00	Nov 13	$3.40	$3.40	$6.60	65%	0.52	$216.60
$220.00	$215.00	Nov 6	$1.90	$1.90	$3.10	67%	0.61	$218.10
$225.00	$220.00	Oct 30	$2.07	$2.07	$2.93	62%	0.71	$222.93
$210.00	$200.00	Nov 13	$2.06	$2.06	$7.94	76%	0.26	$207.94
$215.00	$210.00	Nov 6	$1.46	$1.46	$3.54	73%	0.41	$213.54

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.11, cheapest $2.04)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$235.00	Oct 2	Oct 9	$2.04	53.4%	35.1%
$232.50	Oct 2	Oct 9	$2.25	53.3%	35.4%
$230.00	Oct 2	Oct 9	$2.30	43.2%	33.5%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$235.00	Oct 2	Oct 9	$2.43	53.4%	35.1%
$232.50	Oct 2	Oct 9	$1.58	53.3%	35.4%
$230.00	Oct 2	Oct 9	$2.08	43.2%	33.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 67 found (cheapest 2.32% of stock, avg 7.95%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$230.00	Oct 2	$3.60	$1.77	$5.37	$224.63	$235.37	2.32%
$232.50	Oct 2	$2.30	$3.55	$5.85	$226.65	$238.35	2.52%
$227.50	Oct 2	$5.05	$1.05	$6.10	$221.40	$233.60	2.63%
$235.00	Oct 2	$1.41	$5.05	$6.46	$228.54	$241.46	2.79%
$225.00	Oct 2	$7.05	$0.54	$7.59	$217.41	$232.59	3.27%
$237.50	Oct 2	$0.77	$7.20	$7.97	$229.53	$245.47	3.44%
$240.00	Oct 2	$0.44	$9.15	$9.59	$230.41	$249.59	4.13%
$222.50	Oct 2	$9.40	$0.22	$9.62	$212.88	$232.12	4.15%
$232.50	Oct 9	$4.55	$5.13	$9.68	$222.82	$242.18	4.17%
$230.00	Oct 9	$5.90	$3.85	$9.75	$220.25	$239.75	4.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 157 found (cheapest 0.28% of stock, avg 4.23%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$240.00	$222.50	Oct 2	$0.44	$0.22	$0.66	$221.84	$240.66
$240.00	$225.00	Oct 2	$0.44	$0.54	$0.98	$224.02	$240.98
$237.50	$222.50	Oct 2	$0.77	$0.22	$0.99	$221.51	$238.49
$272.50	$222.50	Oct 2	$1.07	$0.22	$1.29	$221.21	$273.79
$237.50	$225.00	Oct 2	$0.77	$0.54	$1.31	$223.69	$238.81
$272.50	$225.00	Oct 2	$1.07	$0.54	$1.61	$223.39	$274.11
$240.00	$227.50	Oct 2	$0.44	$1.05	$1.49	$226.01	$241.49
$237.50	$227.50	Oct 2	$0.77	$1.05	$1.82	$225.68	$239.32
$235.00	$222.50	Oct 2	$1.41	$0.22	$1.63	$220.87	$236.63
$235.00	$225.00	Oct 2	$1.41	$0.54	$1.95	$223.05	$236.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 230 found (best R:R 1.16, avg credit $1.19)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
222/225	272/275	Oct 2	$1.34	$1.16	76%	1.16	$223.66	$273.84
220/222	272/275	Oct 2	$1.14	$1.36	83%	0.84	$221.36	$273.64
225/228	272/275	Oct 2	$1.53	$0.97	64%	1.58	$225.97	$274.03
215/220	270/275	Nov 6	$2.73	$2.27	51%	1.20	$217.27	$272.73
212/215	240/242	Oct 16	$1.34	$1.16	54%	1.16	$213.66	$241.34
210/215	270/275	Nov 6	$2.29	$2.71	57%	0.85	$212.71	$272.29
190/195	270/275	Nov 6	$1.43	$3.57	74%	0.40	$193.57	$271.43
210/212	240/242	Oct 16	$1.19	$1.31	57%	0.91	$211.31	$241.19
190/195	265/270	Oct 9	$0.64	$4.36	89%	0.15	$194.36	$265.64
208/210	240/242	Oct 16	$1.11	$1.39	60%	0.80	$208.89	$241.11

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 122 found (best R:R 15.67, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$227.50	$230.00	$232.50	Oct 2	$0.15	$2.35	32%	15.67
$230.00	$235.00	$240.00	Oct 23	$0.13	$4.87	14%	37.46
$225.00	$230.00	$235.00	Oct 30	$0.14	$4.86	13%	34.71
$240.00	$245.00	$250.00	Oct 30	$0.13	$4.87	12%	37.46
$245.00	$250.00	$255.00	Oct 23	$0.17	$4.83	10%	28.41

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$240.00	$245.00	$250.00	Oct 16	$0.19	$4.81	16%	25.32
$225.00	$227.50	$230.00	Oct 2	$0.21	$2.29	26%	10.90
$200.00	$205.00	$210.00	Nov 6	$0.11	$4.89	8%	44.45
$235.00	$237.50	$240.00	Oct 9	$0.09	$2.41	14%	26.78
$220.00	$225.00	$230.00	Nov 6	$0.23	$4.77	12%	20.74

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 $-1.60, 122 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$235.00	$237.50	1:2	Oct 2	-$0.13	$2.37
$232.50	$235.00	1:2	Oct 2	-$0.52	$1.98
$255.00	$265.00	1:2	Nov 13	-$1.73	$8.27
$245.00	$255.00	1:2	Nov 13	-$2.64	$7.36
$230.00	$232.50	1:2	Oct 2	-$1.00	$1.50

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	-$0.88	$9.12
$230.00	$227.50	1:2	Oct 2	-$0.33	$2.17
$227.50	$225.00	1:2	Oct 2	-$0.03	$2.47
$195.00	$190.00	1:2	Oct 23	-$0.21	$4.79

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 58 found (best yield 4.44%, avg 1.33%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$235.00	Oct 30	$10.30	0.49	1.3%	4.44%	5.76%	8	464
$240.00	Oct 30	$8.30	0.42	3.5%	3.58%	7.05%	26	169
$235.00	Nov 6	$10.05	0.48	1.3%	4.33%	5.65%	3	14
$245.00	Oct 30	$6.55	0.36	5.6%	2.82%	8.45%	218	103
$245.00	Nov 13	$6.45	0.36	5.6%	2.78%	8.41%	10	--
$240.00	Nov 6	$7.75	0.42	3.5%	3.34%	6.81%	1	20
$235.00	Oct 23	$9.45	0.48	1.3%	4.07%	5.39%	126	588
$240.00	Oct 23	$7.45	0.41	3.5%	3.21%	6.68%	342	449
$245.00	Nov 6	$6.00	0.36	5.6%	2.59%	8.21%	--	40
$255.00	Nov 13	$4.35	0.27	9.9%	1.88%	11.81%	11	--

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 24,622

Total Puts 8,651

Put/Call Ratio 0.35

Net Difference 15,971

Prior's Put/Call Breakdown

Total Calls 21,378

Total Puts 1,999

Put/Call Ratio 0.09

Net Difference 19,379

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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