IBM - Options Database

IBM

IBM CORP

$224.88 +2.25%

(10/1 11:00) ◀

Thursday, October 1, 2026 (12:00pm)

▶ (10/1 13:00)

◀ 10/1 12:00 ▶

Option Volume

Detail

ℹ

Current (10/01 12:00pm) 57,486

Calls: 38,614 (67%)

Puts: 18,872 (33%)

Prior (09/14) 54,957

Calls: 45,695 (83%)

Puts: 9,262 (17%)

Current vs Prior +4.60%

Calls: -15.50% (Calls)

Puts: +103.76% (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 -50.92%

Calls: -49.12%

Puts: -54.23%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 12:00pm) $20.34M

Calls: $9.96M (49%)

Puts: $10.37M (51%)

Prior (09/14) $38.78M

Calls: $27.21M (70%)

Puts: $11.57M (30%)

Current vs Prior -47.56%

Calls: -63.38%

Puts: -10.35%

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 -75.80%

Calls: -77.17%

Puts: -74.32%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (10/01 12:00pm) 0.49

Prior (09/14) 0.20

Current vs Prior +141.12%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg +8.79%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 12:00pm) 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 2.61% | 4.59%5.94% | 13.68%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -13.08% | -6.84%+98.02% | +55.21%

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

Current vs 7-Day Avg -48.85% | -37.53%-25.33% | +2.58%

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

Current vs 7-Day Eod -13.08% | -6.84%+1.05% | +2.99%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 17.96% | 10.87%

Calls: 19.18% | 12.54%

Puts: 16.74% | 9.20%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior -0.17% | +12.88%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +69.48% | +2.35%

Liquidity Expensive

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🤖 AI Insights

Extreme bullish P/C ratio of 0.49 - heavy call buying (38,614 calls vs 18,872 puts). P/C ratio rising 141% - increased hedging/bearish positioning.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

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
12:00	BEARISH	BULLISH	BULLISH
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 81 of results (avg 7.1%, best 2.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 30	12.10	12.35	$12.23	2.0%	92	0.53	116
$225.00	Nov 6	13.00	13.55	$13.28	4.1%	1	0.53	13
$235.00	Oct 30	7.80	8.15	$7.98	4.4%	88	0.40	464
$220.00	Oct 30	14.35	15.00	$14.68	4.4%	59	0.59	72
$200.00	Oct 30	27.70	29.00	$28.35	4.6%	--	0.83	117

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 30	16.90	17.55	$17.23	3.8%	--	0.60	52
$245.00	Oct 30	24.00	24.95	$24.48	3.9%	1	0.71	54
$250.00	Oct 30	27.85	29.05	$28.45	4.2%	--	0.76	32
$230.00	Oct 30	13.85	14.50	$14.18	4.6%	29	0.54	45
$240.00	Oct 30	20.30	21.35	$20.83	5.0%	--	0.66	60

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 11 found (avg $0.66, cheapest $0.15)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	0.14	0.16	$0.15	13.3%	3.8K	0.06	1.8K
$230.00	Oct 2	0.59	0.72	$0.66	19.7%	2.0K	0.20	1.4K
$242.50	Oct 9	0.44	0.52	$0.48	16.7%	314	0.09	404
$240.00	Oct 9	0.65	0.75	$0.70	14.3%	611	0.12	424
$252.50	Oct 16	0.45	0.54	$0.50	18.0%	13	0.07	210

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$205.00	Oct 16	0.57	0.68	$0.63	17.5%	296	0.09	2.5K
$207.50	Oct 16	0.82	0.94	$0.88	13.6%	1	0.11	373
$185.00	Oct 30	0.84	1.02	$0.93	19.4%	5	0.07	46

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 88 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 2	23.75	26.50	$25.13	10.9%	--	1.00	155
$180.00	Oct 16	44.05	47.30	$45.68	7.1%	--	0.99	39
$195.00	Oct 2	28.85	32.00	$30.43	10.4%	2	0.99	4
$185.00	Oct 16	39.20	42.30	$40.75	7.6%	--	0.99	30
$210.00	Oct 2	13.85	15.95	$14.90	14.1%	1	0.99	40

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	13.85	15.90	$14.88	13.8%	38	1.00	7
$265.00	Oct 16	38.20	41.20	$39.70	7.6%	--	1.00	38
$237.50	Oct 2	11.20	13.60	$12.40	19.4%	12	0.97	49
$235.00	Oct 2	9.20	11.10	$10.15	18.7%	76	0.95	114
$245.00	Oct 9	18.85	21.00	$19.93	10.8%	--	0.94	37

Most actively traded options today. High liquidity = easy entry/exit. 217 active (total vol 49.5K, top 4.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.03	0.10	$0.07	100.0%	4.5K	0.02	1.8K
$235.00	Oct 2	0.14	0.16	$0.15	13.3%	3.8K	0.06	1.8K
$232.50	Oct 2	0.25	0.37	$0.31	38.7%	2.3K	0.11	1.0K
$235.00	Oct 16	2.51	2.69	$2.60	6.9%	2.1K	0.28	4.9K
$230.00	Oct 2	0.59	0.72	$0.66	19.7%	2.0K	0.20	1.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 2	2.02	2.39	$2.21	16.7%	2.1K	0.50	654
$230.00	Oct 2	5.15	6.05	$5.60	16.1%	2.1K	0.80	985
$220.00	Oct 2	0.45	0.59	$0.52	26.9%	1.5K	0.17	2.4K
$215.00	Oct 2	0.08	0.13	$0.11	45.5%	1.2K	0.04	2.2K
$227.50	Oct 2	3.50	3.95	$3.73	12.1%	1.0K	0.67	213

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 29.9%, max 32.2%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	42.1%	31.9%	32.2%	389	444
$227.50	Oct 2	Oct 16	43.3%	33.9%	27.5%	996	1.1K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	42.1%	31.9%	32.2%	758	543
$227.50	Oct 2	Oct 16	43.3%	33.9%	27.5%	1.1K	429

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 130 found (best R:R 17.87, avg 5.49)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$255.00	$265.00	Nov 13	$0.53	$9.47	$0.53	22%	17.87	$255.53
$210.00	$215.00	Nov 6	$2.71	$2.29	$2.71	72%	0.85	$212.71
$240.00	$245.00	Nov 6	$1.10	$3.90	$1.10	36%	3.55	$241.10
$220.00	$225.00	Nov 6	$2.37	$2.63	$2.37	59%	1.11	$222.37
$220.00	$225.00	Oct 23	$2.40	$2.60	$2.40	60%	1.08	$222.40

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$237.50	$235.00	Oct 9	$1.10	$1.40	$1.10	85%	1.27	$236.40
$205.00	$200.00	Nov 6	$0.77	$4.23	$0.77	22%	5.49	$204.23
$230.00	$227.50	Oct 16	$1.38	$1.12	$1.38	61%	0.81	$228.62
$217.50	$215.00	Oct 16	$0.59	$1.91	$0.59	29%	3.24	$216.91
$235.00	$230.00	Oct 23	$2.90	$2.10	$2.90	62%	0.72	$232.10

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 99 found (best R:R 0.96, avg 0.32)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$245.00	Nov 13	$1.86	$1.86	$3.14	63%	0.59	$241.86
$252.50	$255.00	Oct 9	$0.18	$0.18	$2.32	95%	0.08	$252.68
$227.50	$230.00	Oct 9	$1.04	$1.04	$1.46	57%	0.71	$228.54
$225.00	$227.50	Oct 2	$1.06	$1.06	$1.44	49%	0.74	$226.06
$230.00	$232.50	Oct 2	$0.35	$0.35	$2.15	80%	0.16	$230.35

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$210.00	Nov 13	$4.90	$4.90	$5.10	58%	0.96	$215.10
$210.00	$200.00	Nov 13	$3.09	$3.09	$6.91	71%	0.45	$206.91
$220.00	$215.00	Nov 6	$2.35	$2.35	$2.65	59%	0.89	$217.65
$210.00	$205.00	Nov 6	$1.63	$1.63	$3.37	72%	0.48	$208.37
$215.00	$210.00	Nov 6	$1.90	$1.90	$3.10	66%	0.61	$213.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.25, cheapest $2.14)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$2.40	43.4%	32.7%
$227.50	Oct 2	Oct 9	$2.36	43.3%	34.4%
$222.50	Oct 2	Oct 9	$2.33	42.1%	33.3%

PUTS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$2.14	43.4%	32.7%
$227.50	Oct 2	Oct 9	$2.09	43.3%	34.4%
$222.50	Oct 2	Oct 9	$2.17	42.1%	33.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 67 found (cheapest 1.98% of stock, avg 7.73%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$225.00	Oct 2	$2.25	$2.21	$4.46	$220.54	$229.46	1.98%
$222.50	Oct 2	$3.65	$1.11	$4.76	$217.74	$227.26	2.12%
$227.50	Oct 2	$1.19	$3.73	$4.92	$222.58	$232.42	2.19%
$220.00	Oct 2	$5.58	$0.52	$6.10	$213.90	$226.10	2.71%
$230.00	Oct 2	$0.66	$5.60	$6.26	$223.74	$236.26	2.78%
$232.50	Oct 2	$0.31	$7.82	$8.13	$224.37	$240.63	3.62%
$217.50	Oct 2	$8.23	$0.23	$8.46	$209.04	$225.96	3.76%
$225.00	Oct 9	$4.65	$4.35	$9.00	$216.00	$234.00	4.00%
$222.50	Oct 9	$5.98	$3.28	$9.26	$213.24	$231.76	4.12%
$227.50	Oct 9	$3.55	$5.82	$9.37	$218.13	$236.87	4.17%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 156 found (cheapest 0.17% of stock, avg 4.45%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$235.00	$217.50	Oct 2	$0.15	$0.23	$0.38	$217.12	$235.38
$232.50	$217.50	Oct 2	$0.31	$0.23	$0.54	$216.96	$233.04
$235.00	$220.00	Oct 2	$0.15	$0.52	$0.67	$219.33	$235.67
$232.50	$220.00	Oct 2	$0.31	$0.52	$0.83	$219.17	$233.33
$230.00	$217.50	Oct 2	$0.66	$0.23	$0.89	$216.61	$230.89
$230.00	$220.00	Oct 2	$0.66	$0.52	$1.18	$218.82	$231.18
$235.00	$222.50	Oct 2	$0.15	$1.11	$1.26	$221.24	$236.26
$232.50	$222.50	Oct 2	$0.31	$1.11	$1.42	$221.08	$233.92
$227.50	$217.50	Oct 2	$1.19	$0.23	$1.42	$216.08	$228.92
$230.00	$222.50	Oct 2	$0.66	$1.11	$1.77	$220.73	$231.77

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 199 found (best R:R 1.54, avg credit $1.28)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
205/210	245/250	Nov 6	$3.03	$1.97	41%	1.54	$206.97	$248.03
208/210	252/255	Oct 9	$0.39	$2.11	87%	0.18	$209.61	$252.89
210/215	245/250	Nov 6	$3.30	$1.70	35%	1.94	$211.70	$248.30
218/220	252/255	Oct 9	$0.94	$1.56	64%	0.60	$219.06	$253.44
212/215	252/255	Oct 9	$0.57	$1.93	78%	0.30	$214.43	$253.07
210/212	252/255	Oct 9	$0.43	$2.07	83%	0.21	$212.07	$252.93
205/210	250/255	Nov 6	$2.70	$2.30	46%	1.17	$207.30	$252.70
205/210	260/265	Nov 6	$2.28	$2.72	54%	0.84	$207.72	$262.28
205/210	255/260	Nov 6	$2.46	$2.54	50%	0.97	$207.54	$257.46
215/218	252/255	Oct 9	$0.67	$1.83	71%	0.37	$216.83	$253.17

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 137 found (best R:R 24.64, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$220.00	$225.00	$230.00	Oct 30	$0.07	$4.93	13%	70.43
$220.00	$225.00	$230.00	Nov 6	$0.09	$4.91	12%	54.56
$210.00	$215.00	$220.00	Oct 30	$0.15	$4.85	13%	32.33
$245.00	$250.00	$255.00	Oct 30	$0.07	$4.93	9%	70.43
$222.50	$225.00	$227.50	Oct 2	$0.34	$2.16	35%	6.35

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$210.00	$220.00	$230.00	Nov 13	$0.39	$9.61	23%	24.64
$215.00	$220.00	$225.00	Nov 6	$0.10	$4.90	13%	49.00
$235.00	$240.00	$245.00	Oct 30	$0.05	$4.95	11%	99.00
$225.00	$230.00	$235.00	Oct 23	$0.13	$4.87	14%	37.46
$220.00	$225.00	$230.00	Nov 6	$0.15	$4.85	12%	32.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 136 found (best net $-9.80, 127 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$180.00	$200.00	1:2	Oct 23	-$9.80	$10.20
$200.00	$210.00	1:2	Oct 2	-$4.67	$5.33
$225.00	$227.50	1:2	Oct 2	-$0.13	$2.37
$222.50	$225.00	1:2	Oct 2	-$0.85	$1.65
$227.50	$230.00	1:2	Oct 2	-$0.13	$2.37

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$210.00	$200.00	1:2	Nov 13	-$0.15	$9.85
$220.00	$210.00	1:2	Nov 13	-$1.43	$8.57
$225.00	$222.50	1:2	Oct 2	-$0.01	$2.49
$227.50	$225.00	1:2	Oct 2	-$0.69	$1.81
$205.00	$200.00	1:2	Oct 16	-$0.03	$4.97

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 5.78%, avg 1.68%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$225.00	Nov 6	$13.00	0.53	0.1%	5.78%	5.83%	1	13
$235.00	Nov 13	$8.80	0.42	4.5%	3.91%	8.41%	6	--
$230.00	Nov 6	$10.55	0.47	2.3%	4.69%	6.97%	9	25
$235.00	Nov 6	$8.50	0.41	4.5%	3.78%	8.28%	43	14
$240.00	Nov 13	$6.85	0.37	6.7%	3.05%	9.77%	1	--
$240.00	Nov 6	$6.90	0.36	6.7%	3.07%	9.79%	10	20
$225.00	Oct 30	$12.10	0.53	0.1%	5.38%	5.43%	92	116
$230.00	Oct 30	$9.55	0.46	2.3%	4.25%	6.52%	276	275
$235.00	Oct 30	$7.80	0.40	4.5%	3.47%	7.97%	88	464
$245.00	Nov 13	$5.60	0.31	8.9%	2.49%	11.44%	10	--

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 38,614

Total Puts 18,872

Put/Call Ratio 0.49

Net Difference 19,742

Prior's Put/Call Breakdown

Total Calls 45,695

Total Puts 9,262

Put/Call Ratio 0.20

Net Difference 36,433

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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