IBM - Options Database

IBM

IBM CORP

$229.58 +4.39%

(10/1 10:30) ◀

Thursday, October 1, 2026 (10:35am)

▶ (10/1 11:00)

◀ 10/1 10:35 ▶

Option Volume

Detail

ℹ

Current (10/01 10:35am) 40,677

Calls: 29,672 (73%)

Puts: 11,005 (27%)

Prior (09/14) 28,999

Calls: 25,588 (88%)

Puts: 3,411 (12%)

Current vs Prior +40.27%

Calls: +15.96% (Calls)

Puts: +222.63% (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 -65.27%

Calls: -60.90%

Puts: -73.31%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 10:35am) $14.54M

Calls: $10.28M (71%)

Puts: $4.26M (29%)

Prior (09/14) $14.39M

Calls: $12.67M (88%)

Puts: $1.72M (12%)

Current vs Prior +1.02%

Calls: -18.91%

Puts: +147.85%

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 -82.70%

Calls: -76.45%

Puts: -89.45%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 10:35am) 0.37

Prior (09/14) 0.13

Current vs Prior +178.23%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -17.43%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 10:35am) 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 2.70% | 4.75%6.05% | 13.60%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -9.92% | -3.62%+101.66% | +54.35%

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

Current vs 7-Day Avg -46.99% | -35.38%-23.95% | +2.01%

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

Current vs 7-Day Eod -9.92% | -3.62%+2.91% | +2.42%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 22.32% | 10.83%

Calls: 24.50% | 12.44%

Puts: 20.15% | 9.22%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +24.07% | +12.46%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +110.62% | +1.98%

Liquidity Expensive

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🤖 AI Insights

Moderately bullish flow with 71% call dollar volume ($10.28M). Extreme bullish P/C ratio of 0.37 - heavy call buying (29,672 calls vs 11,005 puts). P/C ratio rising 178% - 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
10:35	BULLISH	BULLISH	BULLISH
10:30	BULLISH	BULLISH	BULLISH
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

📈 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 43 of results (avg 8.2%, best 5.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Oct 16	43.50	46.25	$44.88	6.1%	--	1.00	30
$225.00	Oct 30	14.20	15.15	$14.68	6.5%	46	0.59	116
$215.00	Nov 6	20.85	22.40	$21.63	7.2%	1	0.71	1
$235.00	Oct 23	8.65	9.30	$8.98	7.2%	166	0.45	588
$217.50	Oct 16	13.90	14.95	$14.43	7.3%	16	0.79	23

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 30	11.35	11.95	$11.65	5.2%	28	0.48	45
$225.00	Oct 30	9.05	9.60	$9.32	5.9%	1	0.41	160
$275.00	Oct 16	44.30	47.20	$45.75	6.3%	--	0.98	22
$230.00	Oct 23	10.65	11.35	$11.00	6.4%	8	0.48	132
$225.00	Oct 23	8.25	8.80	$8.53	6.4%	12	0.41	297

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.21, cheapest $0.21)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.19	0.23	$0.21	19.0%	3.8K	0.07	1.8K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 86 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	36.10	$34.55	9.0%	2	1.00	4
$200.00	Oct 2	28.00	30.80	$29.40	9.5%	--	1.00	155
$210.00	Oct 2	18.05	21.05	$19.55	15.3%	1	1.00	40
$212.50	Oct 2	16.55	18.55	$17.55	11.4%	--	1.00	44
$215.00	Oct 2	14.05	16.05	$15.05	13.3%	1	1.00	32

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	44.30	47.20	$45.75	6.3%	--	0.98	22
$270.00	Oct 16	39.40	42.20	$40.80	6.9%	--	0.97	11
$265.00	Oct 16	34.25	37.35	$35.80	8.7%	--	0.96	38
$260.00	Oct 16	29.15	32.35	$30.75	10.4%	2	0.94	63
$240.00	Oct 2	9.40	12.10	$10.75	25.1%	38	0.93	7

Most actively traded options today. High liquidity = easy entry/exit. 213 active (total vol 36.0K, top 3.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.19	0.23	$0.21	19.0%	3.8K	0.07	1.8K
$235.00	Oct 2	0.65	0.85	$0.75	26.7%	3.3K	0.21	1.8K
$232.50	Oct 2	1.17	1.45	$1.31	21.4%	1.8K	0.32	1.0K
$230.00	Oct 2	2.02	2.50	$2.26	21.2%	1.6K	0.47	1.4K
$250.00	Oct 2	0.03	0.05	$0.04	50.0%	1.4K	0.01	1.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	2.45	3.00	$2.73	20.1%	1.9K	0.53	985
$225.00	Oct 2	0.72	0.95	$0.84	27.4%	1.3K	0.23	654
$220.00	Oct 2	0.15	0.22	$0.19	36.8%	922	0.07	2.4K
$227.50	Oct 2	1.49	1.77	$1.63	17.2%	764	0.37	213
$225.00	Oct 16	3.85	4.30	$4.08	11.0%	424	0.37	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 22.5%, max 45.0%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	47.3%	32.6%	45.0%	756	1.1K
$232.50	Oct 2	Oct 16	47.4%	34.9%	35.8%	1.9K	1.2K
$230.00	Oct 2	Nov 6	46.9%	42.2%	11.2%	1.6K	1.5K
$225.00	Oct 2	Nov 6	46.6%	42.2%	10.5%	891	1.6K
$235.00	Oct 2	Nov 6	48.9%	45.1%	8.4%	3.3K	1.8K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	47.3%	32.6%	45.0%	783	429
$232.50	Oct 2	Oct 16	47.4%	34.9%	35.8%	110	335
$230.00	Oct 2	Nov 13	46.9%	41.1%	14.0%	1.9K	985
$225.00	Oct 2	Nov 6	46.6%	42.2%	10.5%	1.4K	672
$235.00	Oct 2	Nov 13	48.9%	45.1%	8.4%	57	114

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 145 found (best R:R 7.20, avg 5.68)

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
$220.00	$225.00	Oct 23	$2.72	$2.28	$2.72	66%	0.84	$222.72
$240.00	$245.00	Oct 30	$1.42	$3.58	$1.42	40%	2.52	$241.42
$265.00	$270.00	Nov 6	$0.40	$4.60	$0.40	17%	11.50	$265.40
$245.00	$250.00	Oct 23	$1.07	$3.93	$1.07	32%	3.67	$246.07

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$237.50	$235.00	Oct 9	$1.53	$0.97	$1.53	73%	0.63	$235.97
$245.00	$240.00	Oct 30	$3.00	$2.00	$3.00	66%	0.67	$242.00
$245.00	$240.00	Oct 23	$3.12	$1.88	$3.12	68%	0.60	$241.88
$190.00	$185.00	Oct 30	$0.16	$4.84	$0.16	7%	30.25	$189.84
$230.00	$227.50	Oct 9	$1.05	$1.45	$1.05	50%	1.38	$228.95

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	$0.76	$0.76	$4.24	85%	0.18	$270.76
$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	$255.00	Nov 13	$1.43	$1.43	$3.57	70%	0.40	$251.43

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$210.00	Nov 13	$3.43	$3.43	$6.57	64%	0.52	$216.57
$210.00	$205.00	Nov 6	$1.40	$1.40	$3.60	77%	0.39	$208.60
$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
$225.00	$220.00	Nov 6	$2.20	$2.20	$2.80	58%	0.79	$222.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.26, cheapest $2.20)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Oct 2	Oct 9	$2.56	47.3%	35.0%
$232.50	Oct 2	Oct 9	$2.27	47.4%	35.4%
$230.00	Oct 2	Oct 9	$2.39	46.9%	35.3%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Oct 2	Oct 9	$2.20	47.3%	35.0%
$232.50	Oct 2	Oct 9	$2.00	47.4%	35.4%
$230.00	Oct 2	Oct 9	$2.15	46.9%	35.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 65 found (cheapest 2.17% of stock, avg 7.71%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$230.00	Oct 2	$2.26	$2.73	$4.99	$225.01	$234.99	2.17%
$227.50	Oct 2	$3.47	$1.63	$5.10	$222.40	$232.60	2.22%
$232.50	Oct 2	$1.31	$4.18	$5.49	$227.01	$237.99	2.39%
$225.00	Oct 2	$5.43	$0.84	$6.27	$218.73	$231.27	2.73%
$235.00	Oct 2	$0.75	$6.38	$7.13	$227.87	$242.13	3.11%
$222.50	Oct 2	$7.73	$0.41	$8.14	$214.36	$230.64	3.55%
$237.50	Oct 2	$0.39	$8.35	$8.74	$228.76	$246.24	3.81%
$230.00	Oct 9	$4.65	$4.88	$9.53	$220.47	$239.53	4.15%
$232.50	Oct 9	$3.58	$6.18	$9.76	$222.74	$242.26	4.25%
$227.50	Oct 9	$6.03	$3.83	$9.86	$217.64	$237.36	4.29%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 165 found (cheapest 0.25% of stock, avg 4.41%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$237.50	$220.00	Oct 2	$0.39	$0.19	$0.58	$219.42	$238.08
$237.50	$222.50	Oct 2	$0.39	$0.41	$0.80	$221.70	$238.30
$235.00	$220.00	Oct 2	$0.75	$0.19	$0.94	$219.06	$235.94
$235.00	$222.50	Oct 2	$0.75	$0.41	$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	$0.39	$0.84	$1.23	$223.77	$238.73
$272.50	$222.50	Oct 2	$1.07	$0.41	$1.48	$221.02	$273.98
$235.00	$225.00	Oct 2	$0.75	$0.84	$1.59	$223.41	$236.59
$232.50	$220.00	Oct 2	$1.31	$0.19	$1.50	$218.50	$234.00
$232.50	$222.50	Oct 2	$1.31	$0.41	$1.72	$220.78	$234.22

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 254 found (best R:R 0.82, avg credit $1.21)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
218/220	272/275	Oct 2	$1.13	$1.37	85%	0.82	$218.87	$273.63
220/222	272/275	Oct 2	$1.24	$1.26	79%	0.98	$221.26	$273.74
222/225	272/275	Oct 2	$1.45	$1.05	68%	1.38	$223.55	$273.95
205/210	270/275	Nov 6	$2.16	$2.84	62%	0.76	$207.84	$272.16
185/190	270/275	Nov 6	$1.27	$3.73	77%	0.34	$188.73	$271.27
210/215	270/275	Nov 6	$2.26	$2.74	56%	0.82	$212.74	$272.26
190/195	255/258	Oct 9	$0.51	$4.49	91%	0.11	$194.49	$255.51
222/225	255/258	Oct 9	$0.98	$1.52	62%	0.64	$224.02	$255.98
205/210	250/255	Nov 6	$2.65	$2.35	47%	1.13	$207.35	$252.65
205/210	260/265	Nov 6	$2.20	$2.80	56%	0.79	$207.80	$262.20

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 141 found (best R:R 49.00, 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
$235.00	$240.00	$245.00	Oct 23	$0.17	$4.83	13%	28.41
$245.00	$250.00	$255.00	Oct 23	$0.09	$4.91	10%	54.56
$227.50	$230.00	$232.50	Oct 2	$0.26	$2.24	31%	8.62
$220.00	$225.00	$230.00	Oct 23	$0.24	$4.76	14%	19.83

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$205.00	$210.00	$215.00	Nov 6	$0.10	$4.90	11%	49.00
$245.00	$250.00	$255.00	Oct 23	$0.07	$4.93	10%	70.43
$235.00	$240.00	$245.00	Oct 23	$0.17	$4.83	13%	28.41
$235.00	$240.00	$245.00	Nov 13	$0.11	$4.89	11%	44.45
$225.00	$227.50	$230.00	Oct 2	$0.31	$2.19	30%	7.06

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 $-1.62, 129 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$230.00	$232.50	1:2	Oct 2	-$0.36	$2.14
$232.50	$235.00	1:2	Oct 2	-$0.19	$2.31
$200.00	$210.00	1:2	Oct 2	-$9.70	$0.30
$227.50	$230.00	1:2	Oct 2	-$1.05	$1.45
$225.00	$227.50	1:2	Oct 2	-$1.51	$0.99

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	-$0.83	$9.17
$227.50	$225.00	1:2	Oct 2	-$0.05	$2.45
$230.00	$220.00	1:2	Nov 13	-$3.53	$6.47
$230.00	$227.50	1:2	Oct 2	-$0.53	$1.97

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 63 found (best yield 5.36%, avg 1.51%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Nov 6	$12.30	0.52	0.2%	5.36%	5.54%	9	25
$235.00	Nov 6	$9.85	0.46	2.4%	4.29%	6.65%	3	14
$240.00	Nov 6	$8.05	0.40	4.5%	3.51%	8.05%	6	20
$245.00	Nov 13	$6.45	0.36	6.7%	2.81%	9.53%	10	--
$235.00	Oct 30	$9.40	0.46	2.4%	4.09%	6.46%	10	464
$230.00	Oct 30	$11.65	0.52	0.2%	5.07%	5.26%	45	275
$240.00	Oct 30	$7.65	0.40	4.5%	3.33%	7.87%	31	169
$245.00	Nov 6	$6.35	0.35	6.7%	2.77%	9.48%	--	40
$245.00	Oct 30	$6.20	0.34	6.7%	2.70%	9.42%	274	103
$250.00	Nov 13	$5.25	0.30	8.9%	2.29%	11.18%	2	--

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 29,672

Total Puts 11,005

Put/Call Ratio 0.37

Net Difference 18,667

Prior's Put/Call Breakdown

Total Calls 25,588

Total Puts 3,411

Put/Call Ratio 0.13

Net Difference 22,177

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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