IBM - Options Database

IBM

IBM CORP

$226.74 +3.10%

(10/1 10:35) ◀

Thursday, October 1, 2026 (11:00am)

▶ (10/1 12:00)

◀ 10/1 11:00 ▶

Option Volume

Detail

ℹ

Current (10/01 11:00am) 46,708

Calls: 33,343 (71%)

Puts: 13,365 (29%)

Prior (09/14) 34,994

Calls: 29,931 (86%)

Puts: 5,063 (14%)

Current vs Prior +33.47%

Calls: +11.40% (Calls)

Puts: +163.97% (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 -60.12%

Calls: -56.06%

Puts: -67.59%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 11:00am) $16.04M

Calls: $9.62M (60%)

Puts: $6.42M (40%)

Prior (09/14) $18.00M

Calls: $15.87M (88%)

Puts: $2.13M (12%)

Current vs Prior -10.92%

Calls: -39.41%

Puts: +201.67%

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 -80.92%

Calls: -77.96%

Puts: -84.12%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 11:00am) 0.40

Prior (09/14) 0.17

Current vs Prior +136.96%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg -10.77%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 11:00am) 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% | 4.72%6.10% | 13.65%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -9.82% | -4.29%+103.45% | +54.88%

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

Current vs 7-Day Avg -46.93% | -35.83%-23.28% | +2.37%

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

Current vs 7-Day Eod -9.82% | -4.29%+3.83% | +2.77%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.34% | 11.99%

Calls: 21.87% | 13.56%

Puts: 14.81% | 10.42%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +1.95% | +24.51%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +73.07% | +12.90%

Liquidity Expensive

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🤖 AI Insights

Extreme bullish P/C ratio of 0.40 - heavy call buying (33,343 calls vs 13,365 puts). P/C ratio rising 137% - 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
11:00	BULLISH	BULLISH	BULLISH
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 48 of results (avg 7.8%, best 3.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Oct 16	41.40	43.65	$42.53	5.3%	--	0.99	30
$200.00	Oct 16	27.05	28.70	$27.88	5.9%	--	0.96	181
$195.00	Oct 16	31.50	33.60	$32.55	6.5%	--	0.98	57
$210.00	Oct 30	21.30	22.90	$22.10	7.2%	--	0.75	16
$220.00	Oct 23	14.30	15.40	$14.85	7.4%	18	0.63	64

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Nov 13	15.15	15.70	$15.43	3.6%	3	0.51	--
$250.00	Oct 30	26.20	27.45	$26.83	4.7%	--	0.75	32
$230.00	Oct 30	12.70	13.35	$13.02	5.0%	28	0.51	45
$260.00	Oct 16	32.15	34.10	$33.13	5.9%	2	0.94	63
$270.00	Oct 16	41.50	44.10	$42.80	6.1%	--	1.00	11

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.63, cheapest $0.32)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	0.30	0.35	$0.32	15.6%	3.5K	0.11	1.8K
$232.50	Oct 2	0.56	0.68	$0.62	19.4%	2.3K	0.19	1.0K
$240.00	Oct 9	0.90	1.00	$0.95	10.5%	566	0.16	424

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 88 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$195.00	Oct 2	30.80	33.20	$32.00	7.5%	2	1.00	4
$200.00	Oct 2	25.80	28.60	$27.20	10.3%	--	1.00	155
$185.00	Oct 16	41.40	43.65	$42.53	5.3%	--	0.99	30
$195.00	Oct 9	31.30	33.85	$32.58	7.8%	2	0.99	1
$190.00	Oct 16	36.10	39.10	$37.60	8.0%	--	0.99	124

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 16	41.50	44.10	$42.80	6.1%	--	1.00	11
$240.00	Oct 2	11.50	14.35	$12.93	22.0%	38	0.97	7
$237.50	Oct 2	9.85	11.80	$10.83	18.0%	12	0.95	49
$265.00	Oct 16	36.50	39.10	$37.80	6.9%	--	0.94	38
$260.00	Oct 16	32.15	34.10	$33.13	5.9%	2	0.94	63

Most actively traded options today. High liquidity = easy entry/exit. 214 active (total vol 40.5K, top 4.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.07	0.11	$0.09	44.4%	4.1K	0.03	1.8K
$235.00	Oct 2	0.30	0.35	$0.32	15.6%	3.5K	0.11	1.8K
$232.50	Oct 2	0.56	0.68	$0.62	19.4%	2.3K	0.19	1.0K
$230.00	Oct 2	1.00	1.31	$1.16	26.7%	1.8K	0.30	1.4K
$250.00	Oct 2	0.01	0.07	$0.04	150.0%	1.4K	0.01	1.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 2	3.90	4.70	$4.30	18.6%	1.9K	0.70	985
$225.00	Oct 2	1.44	1.60	$1.52	10.5%	1.7K	0.37	654
$220.00	Oct 2	0.29	0.40	$0.35	31.4%	1.2K	0.12	2.4K
$227.50	Oct 2	2.50	2.90	$2.70	14.8%	901	0.54	213
$225.00	Oct 16	4.85	5.35	$5.10	9.8%	426	0.44	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. 8 strikes (avg 30.3%, max 41.4%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	44.7%	31.6%	41.4%	366	444
$232.50	Oct 2	Oct 16	46.9%	34.2%	37.3%	2.3K	1.2K
$227.50	Oct 2	Oct 16	45.9%	34.6%	32.8%	870	1.1K
$225.00	Oct 2	Nov 6	46.1%	41.9%	10.0%	1.3K	1.6K

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	44.7%	31.6%	41.4%	406	543
$232.50	Oct 2	Oct 16	46.9%	34.2%	37.3%	124	335
$227.50	Oct 2	Oct 16	45.9%	34.6%	32.8%	928	429
$225.00	Oct 2	Nov 6	45.9%	41.9%	9.6%	1.7K	672

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 137 found (best R:R 10.11, avg 4.67)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$255.00	$265.00	Nov 13	$0.90	$9.10	$0.90	24%	10.11	$255.90
$215.00	$220.00	Nov 6	$2.37	$2.63	$2.37	69%	1.11	$217.37
$210.00	$215.00	Oct 30	$2.93	$2.07	$2.93	75%	0.71	$212.93
$240.00	$245.00	Nov 13	$1.12	$3.88	$1.12	38%	3.46	$241.12
$225.00	$230.00	Nov 6	$2.12	$2.88	$2.12	55%	1.36	$227.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$235.00	Nov 13	$2.50	$2.50	$2.50	62%	1.00	$237.50
$237.50	$235.00	Oct 9	$1.53	$0.97	$1.53	81%	0.63	$235.97
$250.00	$245.00	Nov 13	$3.22	$1.78	$3.22	72%	0.55	$246.78
$205.00	$200.00	Nov 6	$0.60	$4.40	$0.60	20%	7.33	$204.40
$237.50	$235.00	Oct 16	$1.61	$0.89	$1.61	73%	0.55	$235.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 101 found (best R:R 0.65, avg 0.32)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$245.00	$250.00	Nov 13	$1.68	$1.68	$3.32	66%	0.51	$246.68
$227.50	$230.00	Oct 9	$1.32	$1.32	$1.18	50%	1.12	$228.82
$230.00	$232.50	Oct 16	$1.18	$1.18	$1.32	56%	0.89	$231.18
$265.00	$270.00	Oct 9	$0.30	$0.30	$4.70	94%	0.06	$265.30
$235.00	$240.00	Nov 13	$2.13	$2.13	$2.87	57%	0.74	$237.13

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$210.00	Nov 13	$3.95	$3.95	$6.05	61%	0.65	$216.05
$220.00	$215.00	Nov 6	$2.30	$2.30	$2.70	62%	0.85	$217.70
$210.00	$200.00	Nov 13	$2.44	$2.44	$7.56	73%	0.32	$207.56
$210.00	$205.00	Nov 6	$1.53	$1.53	$3.47	74%	0.44	$208.47
$210.00	$205.00	Oct 23	$1.34	$1.34	$3.66	76%	0.37	$208.66

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.24, cheapest $2.47)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$2.47	46.1%	34.3%
$230.00	Oct 2	Oct 9	$2.22	44.9%	33.9%
$227.50	Oct 2	Oct 9	$2.60	45.9%	35.7%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$2.11	45.9%	34.3%
$230.00	Oct 2	Oct 9	$1.93	44.9%	33.9%
$227.50	Oct 2	Oct 9	$2.10	45.9%	35.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 66 found (cheapest 2.12% of stock, avg 7.65%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$227.50	Oct 2	$2.10	$2.70	$4.80	$222.70	$232.30	2.12%
$225.00	Oct 2	$3.43	$1.52	$4.95	$220.05	$229.95	2.18%
$230.00	Oct 2	$1.16	$4.30	$5.46	$224.54	$235.46	2.41%
$222.50	Oct 2	$5.30	$0.76	$6.06	$216.44	$228.56	2.67%
$232.50	Oct 2	$0.62	$6.15	$6.77	$225.73	$239.27	2.99%
$220.00	Oct 2	$7.23	$0.35	$7.58	$212.42	$227.58	3.34%
$235.00	Oct 2	$0.32	$8.28	$8.60	$226.40	$243.60	3.79%
$227.50	Oct 9	$4.70	$4.80	$9.50	$218.00	$237.00	4.19%
$225.00	Oct 9	$5.90	$3.63	$9.53	$215.47	$234.53	4.20%
$217.50	Oct 2	$9.45	$0.16	$9.61	$207.89	$227.11	4.24%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.14% of stock, avg 4.20%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$237.50	$217.50	Oct 2	$0.16	$0.16	$0.32	$217.18	$237.82
$235.00	$217.50	Oct 2	$0.32	$0.16	$0.48	$217.02	$235.48
$237.50	$220.00	Oct 2	$0.16	$0.35	$0.51	$219.49	$238.01
$235.00	$220.00	Oct 2	$0.32	$0.35	$0.67	$219.33	$235.67
$232.50	$217.50	Oct 2	$0.62	$0.16	$0.78	$216.72	$233.28
$232.50	$220.00	Oct 2	$0.62	$0.35	$0.97	$219.03	$233.47
$237.50	$222.50	Oct 2	$0.16	$0.76	$0.92	$221.58	$238.42
$235.00	$222.50	Oct 2	$0.32	$0.76	$1.08	$221.42	$236.08
$232.50	$222.50	Oct 2	$0.62	$0.76	$1.38	$221.12	$233.88
$230.00	$217.50	Oct 2	$1.16	$0.16	$1.32	$216.18	$231.32

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 210 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
205/210	260/265	Nov 6	$2.32	$2.68	55%	0.87	$207.68	$262.32
195/198	242/245	Oct 16	$0.62	$1.88	77%	0.33	$196.88	$243.12
195/198	248/250	Oct 16	$0.46	$2.04	83%	0.23	$197.04	$247.96
195/198	250/252	Oct 16	$0.39	$2.11	85%	0.18	$197.11	$250.39
205/210	265/270	Oct 23	$1.87	$3.13	63%	0.60	$208.13	$266.87
195/198	235/238	Oct 16	$0.92	$1.58	63%	0.58	$196.58	$235.92
195/198	238/240	Oct 16	$0.79	$1.71	68%	0.46	$196.71	$238.29
205/210	250/255	Nov 6	$2.63	$2.37	47%	1.11	$207.37	$252.63
195/198	240/242	Oct 16	$0.67	$1.83	73%	0.37	$196.83	$240.67
208/210	252/255	Oct 9	$0.30	$2.20	88%	0.14	$209.70	$252.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 128 found (best R:R 40.67, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$220.00	$222.50	$225.00	Oct 2	$0.06	$2.44	26%	40.67
$225.00	$230.00	$235.00	Oct 23	$0.25	$4.75	14%	19.00
$240.00	$245.00	$250.00	Oct 30	$0.16	$4.84	11%	30.25
$240.00	$245.00	$250.00	Nov 6	$0.15	$4.85	10%	32.33
$245.00	$250.00	$255.00	Nov 6	$0.15	$4.85	10%	32.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$245.00	$250.00	$255.00	Oct 23	$0.05	$4.95	9%	99.00
$235.00	$240.00	$245.00	Oct 23	$0.15	$4.85	13%	32.33
$205.00	$210.00	$215.00	Oct 23	$0.16	$4.84	13%	30.25
$227.50	$230.00	$232.50	Oct 2	$0.25	$2.25	28%	9.00
$227.50	$230.00	$232.50	Oct 9	$0.09	$2.41	17%	26.78

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 $-6.40, 132 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$200.00	$210.00	1:2	Oct 2	-$6.40	$3.60
$227.50	$230.00	1:2	Oct 2	-$0.22	$2.28
$225.00	$227.50	1:2	Oct 2	-$0.77	$1.73
$230.00	$232.50	1:2	Oct 2	-$0.08	$2.42
$232.50	$235.00	1:2	Oct 2	-$0.02	$2.48

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$220.00	$210.00	1:2	Nov 13	-$1.50	$8.50
$210.00	$200.00	1:2	Nov 13	-$0.57	$9.43
$230.00	$220.00	1:2	Nov 13	-$3.37	$6.63
$227.50	$225.00	1:2	Oct 2	-$0.34	$2.16
$225.00	$222.50	1:2	Oct 2	$0.00	$2.50

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 4.04%, avg 1.43%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$235.00	Nov 13	$9.15	0.43	3.6%	4.04%	7.68%	6	--
$240.00	Nov 13	$7.40	0.38	5.8%	3.26%	9.11%	1	--
$230.00	Nov 6	$10.70	0.49	1.4%	4.72%	6.16%	9	25
$235.00	Nov 6	$8.65	0.43	3.6%	3.81%	7.46%	3	14
$245.00	Nov 13	$5.95	0.34	8.1%	2.62%	10.68%	10	--
$240.00	Nov 6	$6.90	0.37	5.8%	3.04%	8.89%	10	20
$230.00	Oct 30	$10.15	0.49	1.4%	4.48%	5.91%	45	275
$235.00	Oct 30	$8.15	0.42	3.6%	3.59%	7.24%	11	464
$245.00	Nov 6	$5.50	0.32	8.1%	2.43%	10.48%	--	40
$240.00	Oct 30	$6.55	0.36	5.8%	2.89%	8.74%	32	169

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 33,343

Total Puts 13,365

Put/Call Ratio 0.40

Net Difference 19,978

Prior's Put/Call Breakdown

Total Calls 29,931

Total Puts 5,063

Put/Call Ratio 0.17

Net Difference 24,868

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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