IBM - Options Database

IBM

IBM CORP

$229.10 +4.17%

(10/1 10:20) ◀

Thursday, October 1, 2026 (10:25am)

▶ (10/1 10:30)

◀ 10/1 10:25 ▶

Option Volume

Detail

ℹ

Current (10/01 10:25am) 38,944

Calls: 28,374 (73%)

Puts: 10,570 (27%)

Prior (09/14) 27,557

Calls: 24,778 (90%)

Puts: 2,779 (10%)

Current vs Prior +41.32%

Calls: +14.51% (Calls)

Puts: +280.35% (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 -66.75%

Calls: -62.61%

Puts: -74.37%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 10:25am) $14.02M

Calls: $9.81M (70%)

Puts: $4.20M (30%)

Prior (09/14) $14.15M

Calls: $12.57M (89%)

Puts: $1.58M (11%)

Current vs Prior -0.94%

Calls: -21.91%

Puts: +165.42%

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 -83.32%

Calls: -77.51%

Puts: -89.60%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 10:25am) 0.37

Prior (09/14) 0.11

Current vs Prior +232.15%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -17.07%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 10:25am) 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% | 4.75%6.07% | 13.40%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -6.82% | -3.69%+102.52% | +52.05%

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

Current vs 7-Day Avg -45.16% | -35.42%-23.63% | +0.49%

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

Current vs 7-Day Eod -6.82% | -3.69%+3.35% | +0.89%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 23.93% | 17.27%

Calls: 37.68% | 24.45%

Puts: 10.17% | 10.10%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +33.02% | +79.34%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +125.82% | +62.62%

Liquidity Expensive

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Moderately bullish flow with 70% call dollar volume ($9.81M). Extreme bullish P/C ratio of 0.37 - heavy call buying (28,374 calls vs 10,570 puts). P/C ratio rising 232% - 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
10:25	BULLISH	BULLISH	BULLISH
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

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 31 of results (avg 8.6%, best 6.1%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Oct 16	43.50	46.25	$44.88	6.1%	--	0.99	30
$190.00	Oct 16	38.20	41.30	$39.75	7.8%	--	0.99	124
$195.00	Oct 16	33.50	36.30	$34.90	8.0%	--	0.98	57
$195.00	Oct 9	33.25	36.05	$34.65	8.1%	2	0.95	1
$195.00	Oct 2	33.00	35.80	$34.40	8.1%	2	1.00	4

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	39.90	42.55	$41.22	6.4%	--	1.00	11
$230.00	Oct 23	10.75	11.55	$11.15	7.2%	7	0.48	132
$230.00	Oct 30	11.30	12.15	$11.73	7.2%	2	0.48	45
$225.00	Oct 23	8.35	9.00	$8.68	7.5%	11	0.41	297
$245.00	Oct 9	15.75	17.05	$16.40	7.9%	--	0.88	37

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.90, cheapest $0.90)

CALLS (0)

No calls meet the criteria

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 2	0.82	0.98	$0.90	17.8%	1.3K	0.24	654

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 85 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	33.00	35.80	$34.40	8.1%	2	1.00	4
$200.00	Oct 2	28.00	30.80	$29.40	9.5%	--	1.00	155
$185.00	Oct 16	43.50	46.25	$44.88	6.1%	--	0.99	30
$210.00	Oct 2	18.00	20.80	$19.40	14.4%	1	0.99	40
$212.50	Oct 2	15.50	18.45	$16.98	17.4%	--	0.99	44

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	39.90	42.55	$41.22	6.4%	--	1.00	11
$265.00	Oct 16	34.25	37.35	$35.80	8.7%	--	0.93	38
$260.00	Oct 16	29.15	32.55	$30.85	11.0%	2	0.93	63
$240.00	Oct 2	9.95	11.85	$10.90	17.4%	38	0.93	7
$255.00	Oct 16	24.35	27.70	$26.03	12.9%	--	0.91	276

Most actively traded options today. High liquidity = easy entry/exit. 207 active (total vol 34.3K, top 3.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.18	0.23	$0.21	23.8%	3.6K	0.07	1.8K
$235.00	Oct 2	0.58	0.83	$0.71	35.2%	3.2K	0.20	1.8K
$230.00	Oct 2	1.94	2.56	$2.25	27.6%	1.6K	0.46	1.4K
$232.50	Oct 2	1.07	1.53	$1.30	35.4%	1.5K	0.32	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	2.80	3.10	$2.95	10.2%	1.9K	0.54	985
$225.00	Oct 2	0.82	0.98	$0.90	17.8%	1.3K	0.24	654
$220.00	Oct 2	0.16	0.22	$0.19	31.6%	852	0.07	2.4K
$227.50	Oct 2	1.50	1.80	$1.65	18.2%	722	0.38	213
$225.00	Oct 16	3.90	4.40	$4.15	12.0%	424	0.38	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 23.6%, max 41.8%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	46.2%	32.6%	41.8%	751	1.1K
$232.50	Oct 2	Oct 16	48.1%	34.6%	38.7%	1.5K	1.2K
$230.00	Oct 2	Nov 6	48.1%	41.1%	17.2%	1.6K	1.5K
$225.00	Oct 2	Nov 6	46.5%	41.5%	12.0%	864	1.6K
$235.00	Oct 2	Nov 6	48.5%	44.6%	8.9%	3.2K	1.8K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	46.2%	32.6%	41.8%	741	429
$232.50	Oct 2	Oct 16	48.1%	34.6%	38.7%	95	335
$230.00	Oct 2	Nov 13	48.1%	41.1%	17.0%	1.9K	985
$225.00	Oct 2	Nov 6	46.5%	41.5%	12.0%	1.3K	672
$235.00	Oct 2	Nov 13	48.5%	45.1%	7.5%	57	114

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 137 found (best R:R 7.20, avg 5.13)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$255.00	$265.00	Nov 13	$1.22	$8.78	$1.22	25%	7.20	$256.22
$215.00	$220.00	Oct 23	$3.00	$2.00	$3.00	73%	0.67	$218.00
$240.00	$245.00	Oct 23	$1.30	$3.70	$1.30	38%	2.85	$241.30
$240.00	$245.00	Nov 6	$1.42	$3.58	$1.42	40%	2.52	$241.42
$240.00	$245.00	Oct 30	$1.38	$3.62	$1.38	39%	2.62	$241.38

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$245.00	$240.00	Oct 30	$2.98	$2.02	$2.98	66%	0.68	$242.02
$232.50	$230.00	Oct 9	$1.23	$1.27	$1.23	60%	1.03	$231.27
$190.00	$185.00	Oct 30	$0.16	$4.84	$0.16	7%	30.25	$189.84
$205.00	$200.00	Nov 6	$0.60	$4.40	$0.60	18%	7.33	$204.40
$217.50	$215.00	Oct 16	$0.32	$2.18	$0.32	20%	6.81	$217.18

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 102 found (best R:R 0.52, avg 0.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$265.00	$267.50	Oct 2	$0.26	$0.26	$2.24	95%	0.12	$265.26
$265.00	$270.00	Oct 9	$0.30	$0.30	$4.70	94%	0.06	$265.30
$250.00	$255.00	Nov 13	$1.45	$1.45	$3.55	70%	0.41	$251.45
$235.00	$240.00	Oct 30	$2.17	$2.17	$2.83	54%	0.77	$237.17
$245.00	$250.00	Nov 13	$1.67	$1.67	$3.33	64%	0.50	$246.67

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	64%	0.52	$216.60
$225.00	$220.00	Nov 6	$2.32	$2.32	$2.68	58%	0.87	$222.68
$210.00	$205.00	Nov 6	$1.33	$1.33	$3.67	77%	0.36	$208.67
$210.00	$200.00	Nov 13	$2.11	$2.11	$7.89	76%	0.27	$207.89
$195.00	$190.00	Oct 9	$0.40	$0.40	$4.60	95%	0.09	$194.60

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.04, cheapest $1.48)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$232.50	Oct 2	Oct 9	$2.00	48.1%	34.3%
$230.00	Oct 2	Oct 9	$2.15	48.1%	34.6%
$227.50	Oct 2	Oct 9	$2.48	46.2%	33.4%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$232.50	Oct 2	Oct 9	$1.48	48.1%	34.3%
$230.00	Oct 2	Oct 9	$2.00	48.1%	34.6%
$227.50	Oct 2	Oct 9	$2.10	46.2%	33.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 65 found (cheapest 2.23% of stock, avg 7.67%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$227.50	Oct 2	$3.45	$1.65	$5.10	$222.40	$232.60	2.23%
$230.00	Oct 2	$2.25	$2.95	$5.20	$224.80	$235.20	2.27%
$232.50	Oct 2	$1.30	$4.70	$6.00	$226.50	$238.50	2.62%
$225.00	Oct 2	$5.32	$0.90	$6.22	$218.78	$231.22	2.71%
$235.00	Oct 2	$0.71	$6.60	$7.31	$227.69	$242.31	3.19%
$222.50	Oct 2	$7.15	$0.45	$7.60	$214.90	$230.10	3.32%
$237.50	Oct 2	$0.40	$8.65	$9.05	$228.45	$246.55	3.95%
$230.00	Oct 9	$4.40	$4.95	$9.35	$220.65	$239.35	4.08%
$220.00	Oct 2	$9.27	$0.19	$9.46	$210.54	$229.46	4.13%
$232.50	Oct 9	$3.30	$6.18	$9.48	$223.02	$241.98	4.14%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 165 found (cheapest 0.26% of stock, avg 4.35%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$237.50	$220.00	Oct 2	$0.40	$0.19	$0.59	$219.41	$238.09
$237.50	$222.50	Oct 2	$0.40	$0.45	$0.85	$221.65	$238.35
$235.00	$220.00	Oct 2	$0.71	$0.19	$0.90	$219.10	$235.90
$235.00	$222.50	Oct 2	$0.71	$0.45	$1.16	$221.34	$236.16
$272.50	$220.00	Oct 2	$1.07	$0.19	$1.26	$218.74	$273.76
$237.50	$225.00	Oct 2	$0.40	$0.90	$1.30	$223.70	$238.80
$272.50	$222.50	Oct 2	$1.07	$0.45	$1.52	$220.98	$274.02
$235.00	$225.00	Oct 2	$0.71	$0.90	$1.61	$223.39	$236.61
$232.50	$220.00	Oct 2	$1.30	$0.19	$1.49	$218.51	$233.99
$232.50	$222.50	Oct 2	$1.30	$0.45	$1.75	$220.75	$234.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 228 found (best R:R 0.26, avg credit $1.24)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
220/222	265/268	Oct 2	$0.52	$1.98	82%	0.26	$221.98	$265.52
190/195	255/258	Oct 9	$0.50	$4.50	91%	0.11	$194.50	$255.50
212/215	252/255	Oct 16	$0.71	$1.79	73%	0.40	$214.29	$253.21
218/220	255/258	Oct 9	$0.62	$1.88	76%	0.33	$219.38	$255.62
222/225	265/268	Oct 2	$0.71	$1.79	72%	0.40	$224.29	$265.71
212/215	250/252	Oct 16	$0.73	$1.77	70%	0.41	$214.27	$250.73
218/220	252/255	Oct 9	$0.64	$1.86	74%	0.34	$219.36	$253.14
212/215	245/248	Oct 16	$0.87	$1.63	65%	0.53	$214.13	$245.87
212/215	238/240	Oct 16	$1.20	$1.30	51%	0.92	$213.80	$238.70
212/215	240/242	Oct 16	$1.07	$1.43	56%	0.75	$213.93	$241.07

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 135 found (best R:R 82.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$210.00	$215.00	$220.00	Oct 30	$0.10	$4.90	12%	49.00
$227.50	$230.00	$232.50	Oct 2	$0.25	$2.25	30%	9.00
$250.00	$255.00	$260.00	Nov 6	$0.06	$4.94	9%	82.33
$217.50	$220.00	$222.50	Oct 9	$0.08	$2.42	13%	30.25
$255.00	$260.00	$265.00	Oct 30	$0.12	$4.88	8%	40.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$220.00	$225.00	$230.00	Nov 6	$0.06	$4.94	13%	82.33
$230.00	$232.50	$235.00	Oct 2	$0.15	$2.35	27%	15.67
$205.00	$210.00	$215.00	Nov 6	$0.09	$4.91	11%	54.56
$235.00	$240.00	$245.00	Nov 13	$0.11	$4.89	11%	44.45
$245.00	$250.00	$255.00	Oct 16	$0.10	$4.90	10%	49.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 134 found (best net $-1.65, 126 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$200.00	$210.00	1:2	Oct 2	-$9.40	$0.60
$230.00	$232.50	1:2	Oct 2	-$0.35	$2.15
$232.50	$235.00	1:2	Oct 2	-$0.12	$2.38
$227.50	$230.00	1:2	Oct 2	-$1.05	$1.45
$235.00	$237.50	1:2	Oct 2	-$0.09	$2.41

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$220.00	$210.00	1:2	Nov 13	-$1.65	$8.35
$210.00	$200.00	1:2	Nov 13	-$0.83	$9.17
$230.00	$227.50	1:2	Oct 2	-$0.35	$2.15
$230.00	$220.00	1:2	Nov 13	-$3.47	$6.53
$227.50	$225.00	1:2	Oct 2	-$0.15	$2.35

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 60 found (best yield 4.17%, avg 1.51%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$235.00	Nov 6	$9.55	0.46	2.6%	4.17%	6.74%	3	14
$245.00	Nov 13	$6.45	0.36	6.9%	2.82%	9.76%	10	--
$230.00	Nov 6	$11.70	0.52	0.4%	5.11%	5.50%	9	25
$240.00	Nov 6	$7.65	0.40	4.8%	3.34%	8.10%	6	20
$235.00	Oct 30	$9.20	0.46	2.6%	4.02%	6.59%	10	464
$230.00	Oct 30	$11.40	0.52	0.4%	4.98%	5.37%	45	275
$245.00	Nov 6	$6.15	0.35	6.9%	2.68%	9.62%	--	40
$240.00	Oct 30	$7.35	0.39	4.8%	3.21%	7.97%	30	169
$250.00	Nov 13	$5.25	0.30	9.1%	2.29%	11.41%	1	--
$245.00	Oct 30	$5.75	0.34	6.9%	2.51%	9.45%	272	103

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 28,374

Total Puts 10,570

Put/Call Ratio 0.37

Net Difference 17,804

Prior's Put/Call Breakdown

Total Calls 24,778

Total Puts 2,779

Put/Call Ratio 0.11

Net Difference 21,999

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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