IBM - Options Database

IBM

IBM CORP

$230.68 +4.89%

(10/1 10:15) ◀

Thursday, October 1, 2026 (10:20am)

▶

◀ 10/1 10:20

Option Volume

Detail

ℹ

Current (10/01 10:20am) 37,348

Calls: 27,441 (73%)

Puts: 9,907 (27%)

Prior (09/14) 26,656

Calls: 24,029 (90%)

Puts: 2,627 (10%)

Current vs Prior +40.11%

Calls: +14.20% (Calls)

Puts: +277.12% (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 -68.11%

Calls: -63.84%

Puts: -75.98%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 10:20am) $13.98M

Calls: $10.58M (76%)

Puts: $3.40M (24%)

Prior (09/14) $14.07M

Calls: $12.52M (89%)

Puts: $1.55M (11%)

Current vs Prior -0.64%

Calls: -15.53%

Puts: +119.85%

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 -83.36%

Calls: -75.75%

Puts: -91.58%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 10:20am) 0.36

Prior (09/14) 0.11

Current vs Prior +230.23%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -19.63%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 10:20am) 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 2.79% | 4.63%6.11% | 13.68%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -7.02% | -6.10%+103.88% | +55.24%

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

Current vs 7-Day Avg -45.28% | -37.04%-23.11% | +2.60%

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

Current vs 7-Day Eod -7.02% | -6.10%+4.05% | +3.01%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 28.28% | 12.69%

Calls: 23.78% | 13.73%

Puts: 32.77% | 11.65%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +57.20% | +31.78%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +166.86% | +19.49%

Liquidity Expensive

Add Card

🤖 AI Insights

Strong bullish conviction with 76% of dollar volume in calls ($10.58M) vs puts ($3.40M). Extreme bullish P/C ratio of 0.36 - heavy call buying (27,441 calls vs 9,907 puts). P/C ratio rising 230% - 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
10:20	BULLISH	BULLISH	BULLISH
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

🎯 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 37 of results (avg 8.3%, best 5.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 30	12.25	12.90	$12.58	5.2%	34	0.53	275
$225.00	Oct 30	14.70	15.60	$15.15	5.9%	46	0.60	116
$185.00	Oct 16	44.85	47.75	$46.30	6.3%	--	1.00	30
$190.00	Oct 16	39.65	42.80	$41.22	7.6%	--	1.00	124
$200.00	Oct 30	32.00	34.60	$33.30	7.8%	--	0.87	117

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 23	12.90	13.75	$13.33	6.4%	2	0.54	122
$275.00	Oct 16	42.75	45.70	$44.23	6.7%	--	0.97	22
$270.00	Oct 16	37.75	40.60	$39.17	7.3%	--	0.97	11
$240.00	Oct 23	15.85	17.05	$16.45	7.3%	66	0.60	93
$230.00	Oct 30	10.90	11.75	$11.33	7.5%	2	0.47	45

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. 86 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	34.40	37.30	$35.85	8.1%	2	1.00	4
$200.00	Oct 2	29.40	32.35	$30.88	9.6%	--	1.00	155
$210.00	Oct 2	19.55	22.35	$20.95	13.4%	1	1.00	40
$212.50	Oct 2	17.05	19.85	$18.45	15.2%	--	1.00	44
$215.00	Oct 2	14.55	17.40	$15.98	17.8%	1	1.00	32

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	42.75	45.70	$44.23	6.7%	--	0.97	22
$270.00	Oct 16	37.75	40.60	$39.17	7.3%	--	0.97	11
$265.00	Oct 16	32.85	35.60	$34.23	8.0%	--	0.96	38
$260.00	Oct 16	28.35	31.00	$29.68	8.9%	2	0.93	63
$240.00	Oct 2	7.85	10.95	$9.40	33.0%	20	0.91	7

Most actively traded options today. High liquidity = easy entry/exit. 207 active (total vol 33.2K, top 3.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.24	0.35	$0.30	36.7%	3.5K	0.09	1.8K
$235.00	Oct 2	0.88	1.17	$1.02	28.4%	3.2K	0.26	1.8K
$230.00	Oct 2	2.52	3.20	$2.86	23.8%	1.4K	0.55	1.4K
$232.50	Oct 2	1.75	2.01	$1.88	13.8%	1.4K	0.40	1.0K
$250.00	Oct 2	0.01	0.05	$0.03	133.3%	1.3K	0.01	1.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	1.99	2.33	$2.16	15.7%	1.7K	0.45	985
$225.00	Oct 2	0.55	0.75	$0.65	30.8%	1.1K	0.18	654
$220.00	Oct 2	0.10	0.14	$0.12	33.3%	829	0.05	2.4K
$227.50	Oct 2	1.10	1.53	$1.32	32.6%	712	0.31	213
$225.00	Oct 16	3.50	4.05	$3.78	14.6%	421	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 27.7%, max 49.0%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	48.7%	32.7%	49.0%	747	1.1K
$232.50	Oct 2	Oct 16	50.0%	34.5%	44.8%	1.5K	1.2K
$237.50	Oct 2	Oct 16	49.1%	35.1%	40.0%	1.1K	744
$225.00	Oct 2	Nov 6	47.8%	42.6%	12.4%	838	1.6K
$230.00	Oct 2	Nov 6	46.2%	41.8%	10.6%	1.5K	1.5K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	48.2%	32.7%	47.7%	731	429
$232.50	Oct 2	Oct 16	50.0%	34.5%	44.8%	92	335
$237.50	Oct 2	Oct 16	49.1%	35.1%	40.0%	11	55
$230.00	Oct 2	Nov 13	46.2%	41.4%	11.7%	1.7K	985
$225.00	Oct 2	Nov 6	47.5%	42.6%	11.6%	1.1K	672

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 147 found (best R:R 1.08, avg 5.87)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$222.50	Oct 16	$1.20	$1.30	$1.20	76%	1.08	$221.20
$215.00	$220.00	Nov 6	$3.03	$1.97	$3.03	73%	0.65	$218.03
$215.00	$220.00	Oct 30	$3.05	$1.95	$3.05	73%	0.64	$218.05
$235.00	$240.00	Nov 6	$1.75	$3.25	$1.75	48%	1.86	$236.75
$265.00	$270.00	Nov 6	$0.38	$4.62	$0.38	18%	12.16	$265.38

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$237.50	Oct 16	$1.25	$1.25	$1.25	70%	1.00	$238.75
$237.50	$235.00	Oct 2	$1.58	$0.92	$1.58	84%	0.58	$235.92
$245.00	$240.00	Oct 23	$3.00	$2.00	$3.00	66%	0.67	$242.00
$245.00	$240.00	Oct 30	$3.00	$2.00	$3.00	65%	0.67	$242.00
$190.00	$185.00	Oct 30	$0.14	$4.86	$0.14	7%	34.71	$189.86

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 112 found (best R:R 0.69, avg 0.30)

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	$0.98	$0.98	$4.02	84%	0.24	$270.98
$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
$265.00	$267.50	Oct 2	$0.26	$0.26	$2.24	95%	0.12	$265.26

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
$225.00	$220.00	Nov 6	$2.27	$2.27	$2.73	60%	0.83	$222.73
$210.00	$205.00	Nov 6	$1.28	$1.28	$3.72	78%	0.34	$208.72
$210.00	$200.00	Nov 13	$2.06	$2.06	$7.94	76%	0.26	$207.94

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.17, cheapest $2.45)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Oct 2	Oct 9	$2.45	48.7%	33.1%
$232.50	Oct 2	Oct 9	$2.12	50.0%	35.7%
$230.00	Oct 2	Oct 9	$2.24	46.2%	33.7%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Oct 2	Oct 9	$1.90	48.2%	33.3%
$232.50	Oct 2	Oct 9	$2.01	50.0%	35.7%
$230.00	Oct 2	Oct 9	$2.27	46.2%	33.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 65 found (cheapest 2.18% of stock, avg 7.77%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$230.00	Oct 2	$2.86	$2.16	$5.02	$224.98	$235.02	2.18%
$232.50	Oct 2	$1.88	$3.57	$5.45	$227.05	$237.95	2.36%
$227.50	Oct 2	$4.43	$1.32	$5.75	$221.75	$233.25	2.49%
$235.00	Oct 2	$1.02	$5.55	$6.57	$228.43	$241.57	2.85%
$225.00	Oct 2	$6.23	$0.65	$6.88	$218.12	$231.88	2.98%
$237.50	Oct 2	$0.54	$7.13	$7.67	$229.83	$245.17	3.32%
$222.50	Oct 2	$8.63	$0.32	$8.95	$213.55	$231.45	3.88%
$230.00	Oct 9	$5.10	$4.43	$9.53	$220.47	$239.53	4.13%
$232.50	Oct 9	$4.00	$5.58	$9.58	$222.92	$242.08	4.15%
$240.00	Oct 2	$0.30	$9.40	$9.70	$230.30	$249.70	4.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 165 found (cheapest 0.27% of stock, avg 4.39%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$240.00	$222.50	Oct 2	$0.30	$0.32	$0.62	$221.88	$240.62
$237.50	$222.50	Oct 2	$0.54	$0.32	$0.86	$221.64	$238.36
$240.00	$225.00	Oct 2	$0.30	$0.65	$0.95	$224.05	$240.95
$237.50	$225.00	Oct 2	$0.54	$0.65	$1.19	$223.81	$238.69
$272.50	$222.50	Oct 2	$1.07	$0.32	$1.39	$221.11	$273.89
$235.00	$222.50	Oct 2	$1.02	$0.32	$1.34	$221.16	$236.34
$235.00	$225.00	Oct 2	$1.02	$0.65	$1.67	$223.33	$236.67
$272.50	$225.00	Oct 2	$1.07	$0.65	$1.72	$223.28	$274.22
$240.00	$227.50	Oct 2	$0.30	$1.32	$1.62	$225.88	$241.62
$237.50	$227.50	Oct 2	$0.54	$1.32	$1.86	$225.64	$239.36

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 269 found (best R:R 0.95, avg credit $1.20)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
220/222	272/275	Oct 2	$1.22	$1.28	81%	0.95	$221.28	$273.72
225/228	272/275	Oct 2	$1.69	$0.81	60%	2.09	$225.81	$274.19
222/225	272/275	Oct 2	$1.35	$1.15	73%	1.17	$223.65	$273.85
205/210	270/275	Nov 6	$2.26	$2.74	62%	0.82	$207.74	$272.26
190/195	270/275	Nov 6	$1.60	$3.40	74%	0.47	$193.40	$271.60
215/220	270/275	Nov 6	$2.66	$2.34	51%	1.14	$217.34	$272.66
210/215	270/275	Nov 6	$2.35	$2.65	57%	0.89	$212.65	$272.35
190/195	265/270	Oct 9	$0.70	$4.30	89%	0.16	$194.30	$265.70
195/200	270/275	Nov 6	$1.63	$3.37	71%	0.48	$198.37	$271.63
220/222	265/268	Oct 2	$0.46	$2.04	85%	0.23	$222.04	$265.46

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 135 found (best R:R 19.83, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$230.00	$232.50	$235.00	Oct 2	$0.12	$2.38	29%	19.83
$225.00	$227.50	$230.00	Oct 9	$0.07	$2.43	17%	34.71
$225.00	$227.50	$230.00	Oct 2	$0.23	$2.27	27%	9.87
$245.00	$250.00	$255.00	Oct 30	$0.14	$4.86	10%	34.71
$225.00	$230.00	$235.00	Oct 30	$0.24	$4.76	13%	19.83

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$230.00	$235.00	Oct 30	$0.09	$4.91	13%	54.56
$225.00	$227.50	$230.00	Oct 2	$0.17	$2.33	27%	13.71
$205.00	$210.00	$215.00	Nov 6	$0.09	$4.91	11%	54.56
$230.00	$235.00	$240.00	Nov 13	$0.12	$4.88	11%	40.67
$215.00	$220.00	$225.00	Oct 30	$0.22	$4.78	13%	21.73

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 140 found (best net $-1.62, 128 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$232.50	$235.00	1:2	Oct 2	-$0.16	$2.34
$235.00	$237.50	1:2	Oct 2	-$0.06	$2.44
$255.00	$265.00	1:2	Nov 13	-$1.73	$8.27
$227.50	$230.00	1:2	Oct 2	-$1.29	$1.21
$230.00	$232.50	1:2	Oct 2	-$0.90	$1.60

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
$232.50	$230.00	1:2	Oct 2	-$0.75	$1.75
$230.00	$227.50	1:2	Oct 2	-$0.48	$2.02
$230.00	$220.00	1:2	Nov 13	-$3.68	$6.32

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 59 found (best yield 4.40%, avg 1.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$235.00	Nov 6	$10.15	0.48	1.9%	4.40%	6.27%	3	14
$240.00	Nov 6	$8.25	0.42	4.0%	3.58%	7.62%	6	20
$245.00	Nov 6	$6.70	0.36	6.2%	2.90%	9.11%	--	40
$240.00	Oct 30	$7.95	0.41	4.0%	3.45%	7.49%	27	169
$235.00	Oct 30	$9.70	0.47	1.9%	4.20%	6.08%	9	464
$250.00	Nov 13	$5.65	0.31	8.4%	2.45%	10.82%	1	--
$245.00	Nov 13	$6.45	0.36	6.2%	2.80%	9.00%	10	--
$250.00	Nov 6	$5.30	0.31	8.4%	2.30%	10.67%	3	38
$245.00	Oct 30	$6.25	0.35	6.2%	2.71%	8.92%	262	103
$235.00	Oct 23	$9.00	0.47	1.9%	3.90%	5.77%	165	588

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 27,441

Total Puts 9,907

Put/Call Ratio 0.36

Net Difference 17,534

Prior's Put/Call Breakdown

Total Calls 24,029

Total Puts 2,627

Put/Call Ratio 0.11

Net Difference 21,402

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
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
Loading data...

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

Add Card