IBM - Options Database

IBM

IBM CORP

$226.15 +2.83%

(10/1 12:00) ◀

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

▶ (10/1 14:00)

◀ 10/1 13:00 ▶

Option Volume

Detail

ℹ

Current (10/01 1:00pm) 65,973

Calls: 43,323 (66%)

Puts: 22,650 (34%)

Prior (09/16) 30,875

Calls: 23,410 (76%)

Puts: 7,465 (24%)

Current vs Prior +113.68%

Calls: +85.06% (Calls)

Puts: +203.42% (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 -43.67%

Calls: -42.91%

Puts: -45.07%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 1:00pm) $25.59M

Calls: $12.43M (49%)

Puts: $13.16M (51%)

Prior (09/16) $15.90M

Calls: $11.19M (70%)

Puts: $4.71M (30%)

Current vs Prior +60.90%

Calls: +11.06%

Puts: +179.34%

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 -69.55%

Calls: -71.51%

Puts: -67.43%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (10/01 1:00pm) 0.52

Prior (09/16) 0.32

Current vs Prior +63.95%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg +16.38%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 1:00pm) 599,107

Calls: 332,364 (55%)

Puts: 266,743 (45%)

Prior (09/16) 671,210

Calls: 381,856 (57%)

Puts: 289,354 (43%)

Current vs Prior -10.74%

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 2.58% | 4.60%5.99% | 13.71%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -14.01% | -6.64%+99.85% | +55.59%

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

Current vs 7-Day Avg -49.40% | -37.40%-24.63% | +2.83%

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

Current vs 7-Day Eod -14.01% | -6.64%+1.99% | +3.24%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 19.72% | 8.65%

Calls: 19.10% | 6.69%

Puts: 20.34% | 10.62%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +9.62% | -10.18%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +86.09% | -18.55%

Liquidity Expensive

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Elevated premium activity with dollar volume up 61% vs prior. Unusually high activity with volume up 114% vs prior - elevated interest. Bullish P/C ratio of 0.52. P/C ratio rising 64% - 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
13:00	BEARISH	BULLISH	BULLISH
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

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💰 Best Value Under $1

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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

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⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 68 of results (avg 7.5%, best 1.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Oct 30	15.40	15.65	$15.53	1.6%	60	0.61	72
$230.00	Oct 30	10.40	10.65	$10.53	2.4%	297	0.48	275
$245.00	Oct 30	5.35	5.55	$5.45	3.7%	351	0.30	103
$225.00	Oct 30	12.45	13.00	$12.73	4.3%	100	0.54	116
$225.00	Oct 23	11.35	11.90	$11.63	4.7%	194	0.54	95

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Oct 23	30.25	31.40	$30.83	3.7%	1	0.82	9
$255.00	Oct 16	28.00	29.70	$28.85	5.9%	11	0.94	276
$225.00	Oct 30	10.60	11.25	$10.93	5.9%	2	0.46	160
$225.00	Oct 23	9.70	10.30	$10.00	6.0%	69	0.46	297
$220.00	Oct 30	8.30	8.85	$8.57	6.4%	17	0.39	139

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.56, cheapest $0.06)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.05	0.06	$0.06	16.7%	4.6K	0.02	1.8K
$230.00	Oct 2	0.75	0.90	$0.83	18.1%	2.2K	0.25	1.4K
$240.00	Oct 9	0.73	0.84	$0.78	14.1%	683	0.13	424

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 90 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 2	24.55	27.45	$26.00	11.2%	--	1.00	155
$202.50	Oct 2	22.55	24.55	$23.55	8.5%	8	1.00	--
$210.00	Oct 2	14.65	17.30	$15.98	16.6%	1	1.00	40
$212.50	Oct 2	12.20	14.90	$13.55	19.9%	46	1.00	44
$195.00	Oct 9	29.90	32.90	$31.40	9.6%	2	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$245.00	Oct 2	17.80	20.60	$19.20	14.6%	8	0.99	--
$270.00	Oct 16	42.55	45.45	$44.00	6.6%	--	0.98	11
$240.00	Oct 2	12.90	15.30	$14.10	17.0%	42	0.98	7
$265.00	Oct 16	37.60	40.45	$39.03	7.3%	--	0.97	38
$237.50	Oct 2	10.60	13.15	$11.88	21.5%	12	0.96	49

Most actively traded options today. High liquidity = easy entry/exit. 227 active (total vol 55.3K, top 4.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.05	0.06	$0.06	16.7%	4.6K	0.02	1.8K
$235.00	Oct 2	0.15	0.20	$0.18	27.8%	4.0K	0.07	1.8K
$235.00	Oct 16	2.71	3.00	$2.86	10.1%	3.3K	0.30	4.9K
$232.50	Oct 2	0.31	0.45	$0.38	36.8%	2.4K	0.14	1.0K
$230.00	Oct 2	0.75	0.90	$0.83	18.1%	2.2K	0.25	1.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 2	1.55	1.85	$1.70	17.6%	2.4K	0.41	654
$230.00	Oct 2	4.40	5.45	$4.93	21.3%	2.1K	0.75	985
$220.00	Oct 2	0.27	0.45	$0.36	50.0%	1.8K	0.13	2.4K
$215.00	Oct 2	0.05	0.20	$0.13	115.4%	1.2K	0.04	2.2K
$227.50	Oct 2	2.65	3.25	$2.95	20.3%	1.1K	0.59	213

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 21.5%, max 37.5%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	43.8%	31.9%	37.5%	405	444
$227.50	Oct 2	Oct 16	42.8%	34.3%	24.8%	1.2K	1.1K
$225.00	Oct 2	Nov 6	44.4%	43.4%	2.3%	1.6K	1.6K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	43.8%	31.9%	37.5%	968	543
$227.50	Oct 2	Oct 16	42.8%	34.3%	24.8%	1.1K	429
$225.00	Oct 2	Nov 6	44.4%	43.4%	2.3%	2.4K	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 10.24, avg 5.30)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$255.00	$265.00	Nov 13	$0.89	$9.11	$0.89	22%	10.24	$255.89
$215.00	$220.00	Oct 30	$2.67	$2.33	$2.67	68%	0.87	$217.67
$230.00	$235.00	Oct 23	$1.69	$3.31	$1.69	47%	1.96	$231.69
$230.00	$235.00	Nov 13	$1.77	$3.23	$1.77	47%	1.82	$231.77
$225.00	$230.00	Nov 6	$2.15	$2.85	$2.15	54%	1.33	$227.15

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$235.00	$230.00	Oct 30	$2.60	$2.40	$2.60	59%	0.92	$232.40
$235.00	$230.00	Oct 23	$2.72	$2.28	$2.72	60%	0.84	$232.28
$232.50	$230.00	Oct 16	$1.45	$1.05	$1.45	64%	0.72	$231.05
$230.00	$227.50	Oct 9	$1.40	$1.10	$1.40	62%	0.79	$228.60
$210.00	$207.50	Oct 16	$0.23	$2.27	$0.23	13%	9.87	$209.77

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 104 found (best R:R 0.80, avg 0.31)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$265.00	$270.00	Oct 9	$0.47	$0.47	$4.53	94%	0.10	$265.47
$252.50	$255.00	Oct 9	$0.18	$0.18	$2.32	95%	0.08	$252.68
$250.00	$255.00	Nov 13	$1.28	$1.28	$3.72	73%	0.34	$251.28
$265.00	$270.00	Nov 13	$0.83	$0.83	$4.17	83%	0.20	$265.83
$230.00	$232.50	Oct 2	$0.45	$0.45	$2.05	75%	0.22	$230.45

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$210.00	Nov 13	$4.45	$4.45	$5.55	59%	0.80	$215.55
$190.00	$185.00	Oct 2	$0.92	$0.92	$4.08	92%	0.23	$189.08
$210.00	$200.00	Nov 13	$2.88	$2.88	$7.12	71%	0.40	$207.12
$225.00	$220.00	Nov 6	$2.40	$2.40	$2.60	54%	0.92	$222.60
$205.00	$200.00	Nov 6	$1.19	$1.19	$3.81	78%	0.31	$203.81

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.31, cheapest $2.23)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$2.35	44.4%	33.2%
$227.50	Oct 2	Oct 9	$2.43	42.8%	34.4%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$2.23	44.4%	33.2%
$227.50	Oct 2	Oct 9	$2.23	42.8%	34.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 69 found (cheapest 1.99% of stock, avg 7.79%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$227.50	Oct 2	$1.55	$2.95	$4.50	$223.00	$232.00	1.99%
$225.00	Oct 2	$2.88	$1.70	$4.58	$220.42	$229.58	2.03%
$222.50	Oct 2	$4.20	$0.83	$5.03	$217.47	$227.53	2.22%
$230.00	Oct 2	$0.83	$4.93	$5.76	$224.24	$235.76	2.55%
$220.00	Oct 2	$6.53	$0.36	$6.89	$213.11	$226.89	3.05%
$232.50	Oct 2	$0.38	$7.05	$7.43	$225.07	$239.93	3.29%
$217.50	Oct 2	$8.45	$0.17	$8.62	$208.88	$226.12	3.81%
$225.00	Oct 9	$5.23	$3.93	$9.16	$215.84	$234.16	4.05%
$227.50	Oct 9	$3.98	$5.18	$9.16	$218.34	$236.66	4.05%
$222.50	Oct 9	$6.57	$2.93	$9.50	$213.00	$232.00	4.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.15% of stock, avg 4.42%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$235.00	$217.50	Oct 2	$0.18	$0.17	$0.35	$217.15	$235.35
$235.00	$220.00	Oct 2	$0.18	$0.36	$0.54	$219.46	$235.54
$232.50	$217.50	Oct 2	$0.38	$0.17	$0.55	$216.95	$233.05
$232.50	$220.00	Oct 2	$0.38	$0.36	$0.74	$219.26	$233.24
$230.00	$217.50	Oct 2	$0.83	$0.17	$1.00	$216.50	$231.00
$235.00	$222.50	Oct 2	$0.18	$0.83	$1.01	$221.49	$236.01
$235.00	$190.00	Oct 2	$0.18	$1.07	$1.25	$188.75	$236.25
$230.00	$220.00	Oct 2	$0.83	$0.36	$1.19	$218.81	$231.19
$232.50	$222.50	Oct 2	$0.38	$0.83	$1.21	$221.29	$233.71
$232.50	$190.00	Oct 2	$0.38	$1.07	$1.45	$188.55	$233.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 210 found (best R:R 0.13, avg credit $1.23)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
200/202	265/270	Oct 9	$0.57	$4.43	91%	0.13	$201.93	$265.57
200/202	252/255	Oct 9	$0.28	$2.22	92%	0.13	$202.22	$252.78
185/190	232/235	Oct 2	$1.12	$3.88	79%	0.29	$188.88	$233.62
218/220	252/255	Oct 9	$0.83	$1.67	67%	0.50	$219.17	$253.33
212/215	252/255	Oct 9	$0.51	$1.99	80%	0.26	$214.49	$253.01
210/212	252/255	Oct 9	$0.39	$2.11	84%	0.18	$212.11	$252.89
208/210	252/255	Oct 9	$0.30	$2.20	88%	0.14	$209.70	$252.80
208/210	265/270	Oct 9	$0.59	$4.41	87%	0.13	$209.41	$265.59
200/202	245/248	Oct 9	$0.20	$2.30	90%	0.09	$202.30	$245.20
215/218	252/255	Oct 9	$0.58	$1.92	74%	0.30	$216.92	$253.08

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 130 found (best R:R 10.36, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$215.00	$220.00	$225.00	Oct 23	$0.16	$4.84	14%	30.25
$235.00	$240.00	$245.00	Nov 6	$0.09	$4.91	11%	54.56
$220.00	$225.00	$230.00	Oct 23	$0.21	$4.79	15%	22.81
$230.00	$235.00	$240.00	Nov 13	$0.11	$4.89	10%	44.45
$222.50	$225.00	$227.50	Oct 9	$0.09	$2.41	17%	26.78

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$210.00	$220.00	$230.00	Nov 13	$0.88	$9.12	23%	10.36
$227.50	$230.00	$232.50	Oct 2	$0.14	$2.36	27%	16.86
$240.00	$245.00	$250.00	Oct 30	$0.10	$4.90	10%	49.00
$222.50	$225.00	$227.50	Oct 2	$0.38	$2.12	34%	5.58
$195.00	$200.00	$205.00	Oct 23	$0.15	$4.85	9%	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. 135 found (best net $-6.82, 123 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$190.00	$210.00	1:2	Nov 6	-$6.82	$13.18
$225.00	$227.50	1:2	Oct 2	-$0.22	$2.28
$227.50	$230.00	1:2	Oct 2	-$0.11	$2.39
$220.00	$222.50	1:2	Oct 2	-$1.87	$0.63
$222.50	$225.00	1:2	Oct 2	-$1.56	$0.94

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$210.00	$200.00	1:2	Nov 13	-$0.59	$9.41
$220.00	$210.00	1:2	Nov 13	-$1.90	$8.10
$227.50	$225.00	1:2	Oct 2	-$0.45	$2.05
$230.00	$227.50	1:2	Oct 2	-$0.97	$1.53
$205.00	$200.00	1:2	Oct 16	-$0.01	$4.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 4.89%, avg 1.53%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Nov 13	$11.05	0.47	1.7%	4.89%	6.59%	1	--
$230.00	Nov 6	$10.95	0.48	1.7%	4.84%	6.54%	13	25
$235.00	Nov 13	$9.05	0.42	3.9%	4.00%	7.92%	6	--
$235.00	Nov 6	$8.70	0.42	3.9%	3.85%	7.76%	43	14
$240.00	Nov 13	$7.30	0.37	6.1%	3.23%	9.35%	1	--
$240.00	Nov 6	$7.15	0.37	6.1%	3.16%	9.29%	10	20
$230.00	Oct 30	$10.40	0.48	1.7%	4.60%	6.30%	297	275
$245.00	Nov 13	$6.10	0.32	8.3%	2.70%	11.03%	17	--
$235.00	Oct 30	$8.10	0.41	3.9%	3.58%	7.50%	120	464
$245.00	Nov 6	$5.85	0.31	8.3%	2.59%	10.92%	1	40

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 43,323

Total Puts 22,650

Put/Call Ratio 0.52

Net Difference 20,673

Prior's Put/Call Breakdown

Total Calls 23,410

Total Puts 7,465

Put/Call Ratio 0.32

Net Difference 15,945

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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