IBM - Options Database

IBM

IBM CORP

$231.71 +5.36%

(10/1 10:10) ◀

Thursday, October 1, 2026 (10:15am)

▶ (10/1 10:20)

◀ 10/1 10:15 ▶

Option Volume

Detail

ℹ

Current (10/01 10:15am) 35,810

Calls: 26,503 (74%)

Puts: 9,307 (26%)

Prior (09/14) 25,568

Calls: 23,047 (90%)

Puts: 2,521 (10%)

Current vs Prior +40.06%

Calls: +15.00% (Calls)

Puts: +269.18% (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 -69.43%

Calls: -65.08%

Puts: -77.43%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 10:15am) $13.85M

Calls: $10.84M (78%)

Puts: $3.01M (22%)

Prior (09/14) $13.49M

Calls: $12.00M (89%)

Puts: $1.49M (11%)

Current vs Prior +2.65%

Calls: -9.64%

Puts: +101.33%

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 -83.52%

Calls: -75.15%

Puts: -92.55%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 10:15am) 0.35

Prior (09/14) 0.11

Current vs Prior +221.04%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -21.82%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 10:15am) 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 2.77% | 4.72%5.99% | 13.58%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -7.58% | -4.33%+99.81% | +54.06%

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

Current vs 7-Day Avg -45.61% | -35.85%-24.65% | +1.82%

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

Current vs 7-Day Eod -7.58% | -4.33%+1.97% | +2.23%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 24.65% | 13.42%

Calls: 21.87% | 11.15%

Puts: 27.42% | 15.69%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +37.02% | +39.36%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +132.61% | +26.37%

Liquidity Expensive

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Strong bullish conviction with 78% of dollar volume in calls ($10.84M) vs puts ($3.01M). Extreme bullish P/C ratio of 0.35 - heavy call buying (26,503 calls vs 9,307 puts). P/C ratio rising 221% - 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
10:15	BULLISH	BULLISH	BULLISH
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

📈 Options Analysis

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💰 Best Value Under $1

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⏰ 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 39 of results (avg 8.3%, best 5.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 30	33.85	35.80	$34.83	5.6%	--	0.88	117
$220.00	Oct 16	13.60	14.50	$14.05	6.4%	59	0.79	597
$230.00	Oct 16	7.15	7.65	$7.40	6.8%	271	0.56	2.6K
$190.00	Oct 16	40.65	43.75	$42.20	7.3%	--	0.99	124
$225.00	Oct 30	15.30	16.55	$15.93	7.8%	46	0.61	116

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 30	13.00	13.75	$13.38	5.6%	--	0.52	52
$240.00	Oct 30	15.80	16.80	$16.30	6.1%	--	0.58	60
$250.00	Oct 30	22.60	24.05	$23.33	6.2%	--	0.69	32
$245.00	Oct 30	18.95	20.25	$19.60	6.6%	1	0.64	54
$275.00	Oct 16	41.60	44.75	$43.18	7.3%	--	1.00	22

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

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 85 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	35.40	38.35	$36.88	8.0%	2	1.00	4
$200.00	Oct 2	30.10	33.70	$31.90	11.3%	--	1.00	155
$212.50	Oct 2	17.80	20.55	$19.18	14.3%	--	0.99	44
$210.00	Oct 2	20.30	23.05	$21.68	12.7%	1	0.99	40
$215.00	Oct 2	15.30	18.70	$17.00	20.0%	1	0.99	32

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	36.85	39.85	$38.35	7.8%	--	1.00	11
$275.00	Oct 16	41.60	44.75	$43.18	7.3%	--	1.00	22
$265.00	Oct 16	31.90	34.90	$33.40	9.0%	--	0.96	38
$260.00	Oct 16	26.90	30.10	$28.50	11.2%	2	0.93	63
$255.00	Oct 16	22.55	25.15	$23.85	10.9%	--	0.91	276

Most actively traded options today. High liquidity = easy entry/exit. 197 active (total vol 31.9K, top 3.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.36	0.45	$0.41	22.0%	3.4K	0.12	1.8K
$235.00	Oct 2	1.20	1.40	$1.30	15.4%	3.1K	0.31	1.8K
$230.00	Oct 2	3.05	3.80	$3.43	21.9%	1.4K	0.61	1.4K
$232.50	Oct 2	1.99	2.45	$2.22	20.7%	1.4K	0.46	1.0K
$250.00	Oct 2	0.03	0.07	$0.05	80.0%	1.3K	0.02	1.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	1.65	2.03	$1.84	20.7%	1.6K	0.39	985
$225.00	Oct 2	0.40	0.62	$0.51	43.1%	1.0K	0.15	654
$227.50	Oct 2	0.84	1.06	$0.95	23.2%	708	0.26	213
$220.00	Oct 2	0.08	0.16	$0.12	66.7%	636	0.04	2.4K
$225.00	Oct 16	3.05	3.70	$3.38	19.2%	416	0.32	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 30.6%, max 45.9%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	48.1%	33.0%	45.9%	493	1.1K
$237.50	Oct 2	Oct 16	49.9%	34.5%	44.4%	1.0K	744
$232.50	Oct 2	Oct 16	47.8%	34.6%	38.1%	1.4K	1.2K
$230.00	Oct 2	Nov 6	48.1%	41.4%	16.2%	1.4K	1.5K
$235.00	Oct 2	Nov 6	48.6%	45.4%	7.1%	3.1K	1.8K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	48.1%	33.0%	45.9%	727	429
$237.50	Oct 2	Oct 16	49.9%	34.5%	44.4%	11	55
$232.50	Oct 2	Oct 16	47.8%	34.6%	38.1%	87	335
$230.00	Oct 2	Nov 13	48.1%	41.4%	16.2%	1.6K	985
$235.00	Oct 2	Nov 13	48.6%	44.3%	9.8%	37	114

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 138 found (best R:R 2.65, avg 5.32)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$245.00	Oct 30	$1.37	$3.63	$1.37	42%	2.65	$241.37
$230.00	$235.00	Nov 6	$2.05	$2.95	$2.05	55%	1.44	$232.05
$215.00	$220.00	Oct 23	$3.17	$1.83	$3.17	75%	0.58	$218.17
$220.00	$225.00	Nov 6	$2.80	$2.20	$2.80	67%	0.79	$222.80
$265.00	$270.00	Nov 6	$0.41	$4.59	$0.41	18%	11.20	$265.41

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$235.00	$230.00	Nov 13	$2.02	$2.98	$2.02	52%	1.48	$232.98
$237.50	$235.00	Oct 9	$1.20	$1.30	$1.20	67%	1.08	$236.30
$230.00	$225.00	Nov 6	$1.82	$3.18	$1.82	45%	1.75	$228.18
$235.00	$232.50	Oct 2	$1.44	$1.06	$1.44	69%	0.74	$233.56
$232.50	$230.00	Oct 9	$1.12	$1.38	$1.12	51%	1.23	$231.38

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 107 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
$270.00	$275.00	Nov 6	$0.95	$0.95	$4.05	84%	0.23	$270.95
$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
$250.00	$252.50	Oct 9	$0.28	$0.28	$2.22	90%	0.13	$250.28

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$220.00	Nov 13	$4.70	$4.70	$5.30	53%	0.89	$225.30
$220.00	$210.00	Nov 13	$3.38	$3.38	$6.62	65%	0.51	$216.62
$220.00	$215.00	Nov 6	$2.03	$2.03	$2.97	67%	0.68	$217.97
$210.00	$200.00	Nov 13	$2.06	$2.06	$7.94	76%	0.26	$207.94
$195.00	$190.00	Nov 6	$0.72	$0.72	$4.28	90%	0.17	$194.28

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.30, cheapest $2.14)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$230.00	Oct 2	Oct 9	$2.40	48.1%	34.4%
$235.00	Oct 2	Oct 9	$2.20	48.6%	35.2%
$232.50	Oct 2	Oct 9	$2.43	47.8%	35.7%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$230.00	Oct 2	Oct 9	$2.14	48.1%	34.4%
$235.00	Oct 2	Oct 9	$2.50	48.6%	35.2%
$232.50	Oct 2	Oct 9	$2.11	47.8%	35.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 64 found (cheapest 2.25% of stock, avg 7.72%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$232.50	Oct 2	$2.22	$2.99	$5.21	$227.29	$237.71	2.25%
$230.00	Oct 2	$3.43	$1.84	$5.27	$224.73	$235.27	2.27%
$235.00	Oct 2	$1.30	$4.43	$5.73	$229.27	$240.73	2.47%
$227.50	Oct 2	$5.33	$0.95	$6.28	$221.22	$233.78	2.71%
$237.50	Oct 2	$0.74	$6.35	$7.09	$230.41	$244.59	3.06%
$225.00	Oct 2	$6.98	$0.51	$7.49	$217.51	$232.49	3.23%
$240.00	Oct 2	$0.41	$8.80	$9.21	$230.79	$249.21	3.97%
$232.50	Oct 9	$4.65	$5.10	$9.75	$222.75	$242.25	4.21%
$230.00	Oct 9	$5.83	$3.98	$9.81	$220.19	$239.81	4.23%
$222.50	Oct 2	$9.63	$0.26	$9.89	$212.61	$232.39	4.27%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 161 found (cheapest 0.29% of stock, avg 4.30%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$240.00	$222.50	Oct 2	$0.41	$0.26	$0.67	$221.83	$240.67
$240.00	$225.00	Oct 2	$0.41	$0.51	$0.92	$224.08	$240.92
$237.50	$222.50	Oct 2	$0.74	$0.26	$1.00	$221.50	$238.50
$237.50	$225.00	Oct 2	$0.74	$0.51	$1.25	$223.75	$238.75
$272.50	$222.50	Oct 2	$1.07	$0.26	$1.33	$221.17	$273.83
$240.00	$227.50	Oct 2	$0.41	$0.95	$1.36	$226.14	$241.36
$272.50	$225.00	Oct 2	$1.07	$0.51	$1.58	$223.42	$274.08
$237.50	$227.50	Oct 2	$0.74	$0.95	$1.69	$225.81	$239.19
$235.00	$222.50	Oct 2	$1.30	$0.26	$1.56	$220.94	$236.56
$235.00	$225.00	Oct 2	$1.30	$0.51	$1.81	$223.19	$236.81

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 240 found (best R:R 0.87, avg credit $1.21)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
220/222	272/275	Oct 2	$1.16	$1.34	83%	0.87	$221.34	$273.66
222/225	272/275	Oct 2	$1.27	$1.23	76%	1.03	$223.73	$273.77
225/228	272/275	Oct 2	$1.46	$1.04	66%	1.40	$226.04	$273.96
215/220	270/275	Nov 6	$2.98	$2.02	51%	1.48	$217.02	$272.98
190/195	270/275	Nov 6	$1.67	$3.33	74%	0.50	$193.33	$271.67
215/220	255/260	Nov 6	$3.23	$1.77	40%	1.82	$216.77	$258.23
190/195	265/270	Oct 9	$0.68	$4.32	89%	0.16	$194.32	$265.68
200/205	270/275	Nov 6	$1.82	$3.18	66%	0.57	$203.18	$271.82
195/200	270/275	Nov 6	$1.62	$3.38	70%	0.48	$198.38	$271.62
210/215	270/275	Nov 6	$2.25	$2.75	57%	0.82	$212.75	$272.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 132 found (best R:R 54.56, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$220.00	$225.00	$230.00	Oct 30	$0.09	$4.91	13%	54.56
$235.00	$240.00	$245.00	Nov 6	$0.17	$4.83	12%	28.41
$230.00	$232.50	$235.00	Oct 2	$0.29	$2.21	30%	7.62
$235.00	$240.00	$245.00	Oct 23	$0.22	$4.78	13%	21.73
$230.00	$232.50	$235.00	Oct 16	$0.05	$2.45	12%	49.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$227.50	$230.00	$232.50	Oct 2	$0.26	$2.24	29%	8.62
$230.00	$232.50	$235.00	Oct 2	$0.29	$2.21	30%	7.62
$250.00	$255.00	$260.00	Oct 16	$0.10	$4.90	8%	49.00
$200.00	$205.00	$210.00	Oct 30	$0.10	$4.90	8%	49.00
$222.50	$225.00	$227.50	Oct 16	$0.06	$2.44	12%	40.67

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 $-1.62, 125 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$232.50	$235.00	1:2	Oct 2	-$0.38	$2.12
$235.00	$237.50	1:2	Oct 2	-$0.18	$2.32
$255.00	$265.00	1:2	Nov 13	-$1.73	$8.27
$230.00	$232.50	1:2	Oct 2	-$1.01	$1.49
$245.00	$255.00	1:2	Nov 13	-$2.64	$7.36

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	-$0.88	$9.12
$230.00	$227.50	1:2	Oct 2	-$0.06	$2.44
$232.50	$230.00	1:2	Oct 2	-$0.69	$1.81
$227.50	$225.00	1:2	Oct 2	-$0.07	$2.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 58 found (best yield 3.86%, avg 1.40%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$240.00	Nov 6	$8.95	0.43	3.6%	3.86%	7.44%	6	20
$235.00	Nov 6	$10.80	0.49	1.4%	4.66%	6.08%	3	14
$245.00	Nov 6	$7.15	0.37	5.7%	3.09%	8.82%	--	40
$235.00	Oct 30	$10.15	0.48	1.4%	4.38%	5.80%	9	464
$240.00	Oct 30	$8.15	0.42	3.6%	3.52%	7.10%	26	169
$245.00	Oct 30	$6.75	0.36	5.7%	2.91%	8.65%	262	103
$250.00	Nov 6	$5.70	0.32	7.9%	2.46%	10.35%	3	38
$245.00	Nov 13	$6.45	0.36	5.7%	2.78%	8.52%	10	--
$240.00	Oct 23	$7.60	0.41	3.6%	3.28%	6.86%	350	449
$235.00	Oct 23	$9.40	0.48	1.4%	4.06%	5.48%	147	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 26,503

Total Puts 9,307

Put/Call Ratio 0.35

Net Difference 17,196

Prior's Put/Call Breakdown

Total Calls 23,047

Total Puts 2,521

Put/Call Ratio 0.11

Net Difference 20,526

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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