IBM - Options Database

IBM

IBM CORP

$227.82 +3.59%

(10/1 13:00) ◀

Thursday, October 1, 2026 (2:00pm)

▶ (10/1 15:00)

◀ 10/1 14:00 ▶

Option Volume

Detail

ℹ

Current (10/01 2:00pm) 70,544

Calls: 46,810 (66%)

Puts: 23,734 (34%)

Prior (09/16) 30,875

Calls: 23,410 (76%)

Puts: 7,465 (24%)

Current vs Prior +128.48%

Calls: +99.96% (Calls)

Puts: +217.94% (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 -39.77%

Calls: -38.32%

Puts: -42.44%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 2:00pm) $27.75M

Calls: $15.94M (57%)

Puts: $11.80M (43%)

Prior (09/16) $15.90M

Calls: $11.19M (70%)

Puts: $4.71M (30%)

Current vs Prior +74.46%

Calls: +42.44%

Puts: +150.55%

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 -66.98%

Calls: -63.46%

Puts: -70.79%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 2:00pm) 0.51

Prior (09/16) 0.32

Current vs Prior +59.00%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg +12.87%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 2:00pm) 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 2.50% | 4.58%5.99% | 13.69%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -16.69% | -7.15%+99.85% | +55.30%

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

Current vs 7-Day Avg -50.97% | -37.74%-24.63% | +2.64%

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

Current vs 7-Day Eod -16.69% | -7.15%+1.99% | +3.05%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 21.24% | 8.21%

Calls: 16.95% | 9.22%

Puts: 25.53% | 7.21%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +18.07% | -14.75%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +100.43% | -22.69%

Liquidity Expensive

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🤖 AI Insights

Elevated premium activity with dollar volume up 74% vs prior. Unusually high activity with volume up 128% vs prior - elevated interest. Bullish P/C ratio of 0.51. P/C ratio rising 59% - 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
14:00	BULLISH	BULLISH	BULLISH
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

📈 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 95 of results (avg 7.2%, best 3.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 30	13.55	14.05	$13.80	3.6%	106	0.57	116
$235.00	Oct 16	3.45	3.60	$3.53	4.2%	3.7K	0.35	4.9K
$235.00	Oct 30	9.05	9.45	$9.25	4.3%	127	0.44	464
$200.00	Oct 23	29.55	31.00	$30.28	4.8%	3	0.87	9
$230.00	Oct 30	11.10	11.65	$11.38	4.8%	310	0.51	275

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Oct 23	24.90	25.85	$25.38	3.7%	--	0.75	129
$235.00	Oct 23	14.35	14.95	$14.65	4.1%	5	0.57	122
$230.00	Oct 23	11.50	12.00	$11.75	4.3%	13	0.50	132
$220.00	Oct 30	7.70	8.05	$7.88	4.4%	17	0.36	139
$230.00	Oct 30	12.25	12.85	$12.55	4.8%	29	0.50	45

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 15 found (avg $0.59, cheapest $0.16)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$237.50	Oct 2	0.15	0.17	$0.16	12.5%	1.7K	0.06	472
$242.50	Oct 2	0.05	0.06	$0.06	16.7%	530	0.02	244
$245.00	Oct 9	0.48	0.55	$0.52	13.5%	590	0.09	289
$242.50	Oct 9	0.68	0.81	$0.75	17.3%	345	0.13	404
$260.00	Oct 16	0.32	0.37	$0.35	14.3%	247	0.05	5.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 2	0.81	0.95	$0.88	15.9%	2.5K	0.27	654
$212.50	Oct 9	0.41	0.48	$0.44	15.9%	43	0.08	133
$215.00	Oct 9	0.64	0.78	$0.71	19.7%	140	0.12	287
$205.00	Oct 16	0.44	0.51	$0.48	14.6%	308	0.07	2.5K
$207.50	Oct 16	0.60	0.69	$0.65	13.8%	2	0.09	373

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 91 found (avg delta 0.77, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 2	26.95	29.25	$28.10	8.2%	--	1.00	155
$202.50	Oct 2	24.50	26.75	$25.63	8.8%	8	1.00	--
$210.00	Oct 2	16.95	19.15	$18.05	12.2%	1	0.99	40
$195.00	Oct 9	31.65	35.10	$33.38	10.3%	2	0.99	1
$185.00	Oct 16	41.95	44.90	$43.43	6.8%	--	0.99	30

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$245.00	Oct 2	15.40	18.35	$16.88	17.5%	8	1.00	--
$265.00	Oct 16	35.70	38.65	$37.17	7.9%	--	1.00	38
$270.00	Oct 16	40.45	43.65	$42.05	7.6%	--	1.00	11
$240.00	Oct 2	11.25	13.10	$12.18	15.2%	42	0.96	7
$237.50	Oct 2	8.90	10.45	$9.68	16.0%	16	0.94	49

Most actively traded options today. High liquidity = easy entry/exit. 229 active (total vol 58.9K, top 4.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.08	0.10	$0.09	22.2%	4.8K	0.04	1.8K
$235.00	Oct 2	0.27	0.33	$0.30	20.0%	4.3K	0.11	1.8K
$235.00	Oct 16	3.45	3.60	$3.53	4.2%	3.7K	0.35	4.9K
$232.50	Oct 2	0.55	0.70	$0.63	23.8%	2.5K	0.21	1.0K
$230.00	Oct 2	1.20	1.38	$1.29	14.0%	2.5K	0.36	1.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 2	0.81	0.95	$0.88	15.9%	2.5K	0.27	654
$230.00	Oct 2	2.90	3.75	$3.33	25.5%	2.2K	0.64	985
$220.00	Oct 2	0.15	0.21	$0.18	33.3%	1.8K	0.07	2.4K
$215.00	Oct 2	0.03	0.05	$0.04	50.0%	1.3K	0.02	2.2K
$227.50	Oct 2	1.65	2.02	$1.84	20.1%	1.1K	0.46	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 28.8%, max 31.1%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	42.0%	32.0%	31.1%	1.3K	1.1K
$232.50	Oct 2	Oct 16	43.1%	34.1%	26.5%	2.6K	1.2K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$227.50	Oct 2	Oct 16	42.0%	32.0%	31.1%	1.2K	429
$232.50	Oct 2	Oct 16	43.1%	34.1%	26.5%	134	335

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 137 found (best R:R 3.46, avg 4.96)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$240.00	$245.00	Nov 13	$1.12	$3.88	$1.12	38%	3.46	$241.12
$210.00	$215.00	Oct 30	$3.16	$1.84	$3.16	76%	0.58	$213.16
$220.00	$225.00	Nov 6	$2.55	$2.45	$2.55	63%	0.96	$222.55
$265.00	$270.00	Nov 13	$0.39	$4.61	$0.39	17%	11.82	$265.39
$230.00	$235.00	Nov 6	$2.05	$2.95	$2.05	51%	1.44	$232.05

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$250.00	$245.00	Nov 13	$3.03	$1.97	$3.03	70%	0.65	$246.97
$227.50	$225.00	Oct 16	$1.08	$1.42	$1.08	47%	1.31	$226.42
$217.50	$215.00	Oct 16	$0.48	$2.02	$0.48	23%	4.21	$217.02
$245.00	$240.00	Oct 30	$3.30	$1.70	$3.30	68%	0.52	$241.70
$205.00	$200.00	Oct 16	$0.20	$4.80	$0.20	6%	24.00	$204.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 104 found (best R:R 0.44, avg 0.31)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$265.00	$270.00	Oct 9	$0.45	$0.45	$4.55	94%	0.10	$265.45
$235.00	$240.00	Nov 13	$2.27	$2.27	$2.73	56%	0.83	$237.27
$255.00	$265.00	Nov 13	$1.92	$1.92	$8.08	75%	0.24	$256.92
$255.00	$257.50	Oct 16	$0.19	$0.19	$2.31	93%	0.08	$255.19
$237.50	$240.00	Oct 9	$0.50	$0.50	$2.00	77%	0.25	$238.00

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$210.00	$200.00	Nov 13	$3.07	$3.07	$6.93	72%	0.44	$206.93
$190.00	$185.00	Oct 2	$0.92	$0.92	$4.08	92%	0.23	$189.08
$220.00	$210.00	Nov 13	$3.98	$3.98	$6.02	61%	0.66	$216.02
$220.00	$215.00	Oct 30	$1.93	$1.93	$3.07	64%	0.63	$218.07
$225.00	$220.00	Nov 6	$2.30	$2.30	$2.70	57%	0.85	$222.70

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.39, cheapest $2.36)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Oct 2	Oct 9	$2.52	42.0%	32.8%
$230.00	Oct 2	Oct 9	$2.46	42.7%	34.5%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$227.50	Oct 2	Oct 9	$2.36	42.0%	32.8%
$230.00	Oct 2	Oct 9	$2.22	42.7%	34.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 71 found (cheapest 1.84% of stock, avg 7.99%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$227.50	Oct 2	$2.36	$1.84	$4.20	$223.30	$231.70	1.84%
$230.00	Oct 2	$1.29	$3.33	$4.62	$225.38	$234.62	2.03%
$225.00	Oct 2	$3.85	$0.88	$4.73	$220.27	$229.73	2.08%
$222.50	Oct 2	$5.65	$0.42	$6.07	$216.43	$228.57	2.66%
$232.50	Oct 2	$0.63	$5.43	$6.06	$226.44	$238.56	2.66%
$235.00	Oct 2	$0.30	$7.32	$7.62	$227.38	$242.62	3.34%
$220.00	Oct 2	$8.15	$0.18	$8.33	$211.67	$228.33	3.66%
$227.50	Oct 9	$4.88	$4.20	$9.08	$218.42	$236.58	3.99%
$230.00	Oct 9	$3.75	$5.55	$9.30	$220.70	$239.30	4.08%
$225.00	Oct 9	$6.28	$3.10	$9.38	$215.62	$234.38	4.12%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 165 found (cheapest 0.15% of stock, avg 4.39%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$237.50	$220.00	Oct 2	$0.16	$0.18	$0.34	$219.66	$237.84
$235.00	$220.00	Oct 2	$0.30	$0.18	$0.48	$219.52	$235.48
$237.50	$222.50	Oct 2	$0.16	$0.42	$0.58	$221.92	$238.08
$235.00	$222.50	Oct 2	$0.30	$0.42	$0.72	$221.78	$235.72
$232.50	$220.00	Oct 2	$0.63	$0.18	$0.81	$219.19	$233.31
$272.50	$220.00	Oct 2	$0.85	$0.18	$1.03	$218.97	$273.53
$232.50	$222.50	Oct 2	$0.63	$0.42	$1.05	$221.45	$233.55
$237.50	$190.00	Oct 2	$0.16	$1.07	$1.23	$188.77	$238.73
$237.50	$225.00	Oct 2	$0.16	$0.88	$1.04	$223.96	$238.54
$272.50	$222.50	Oct 2	$0.85	$0.42	$1.27	$221.23	$273.77

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 213 found (best R:R 0.13, avg credit $1.20)

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
185/190	235/238	Oct 2	$1.06	$3.94	81%	0.27	$188.94	$236.06
200/202	252/255	Oct 9	$0.24	$2.26	92%	0.11	$202.26	$252.74
200/202	245/248	Oct 9	$0.30	$2.20	88%	0.14	$202.20	$245.30
208/210	265/270	Oct 9	$0.55	$4.45	89%	0.12	$209.45	$265.55
200/202	238/240	Oct 9	$0.62	$1.88	74%	0.33	$201.88	$238.12
212/215	252/255	Oct 9	$0.39	$2.11	83%	0.18	$214.61	$252.89
208/210	252/255	Oct 9	$0.22	$2.28	90%	0.10	$209.78	$252.72
210/212	252/255	Oct 9	$0.28	$2.22	87%	0.13	$212.22	$252.78
200/202	242/245	Oct 9	$0.35	$2.15	84%	0.16	$202.15	$242.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 139 found (best R:R 10.24, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$210.00	$215.00	$220.00	Nov 6	$0.09	$4.91	12%	54.56
$245.00	$250.00	$255.00	Nov 6	$0.05	$4.95	10%	99.00
$235.00	$240.00	$245.00	Oct 23	$0.15	$4.85	13%	32.33
$235.00	$240.00	$245.00	Oct 30	$0.14	$4.86	12%	34.71
$250.00	$255.00	$260.00	Oct 30	$0.09	$4.91	9%	54.56

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$210.00	$220.00	$230.00	Nov 13	$0.89	$9.11	22%	10.24
$200.00	$210.00	$220.00	Nov 13	$0.91	$9.09	22%	9.99
$240.00	$245.00	$250.00	Oct 16	$0.13	$4.87	13%	37.46
$235.00	$240.00	$245.00	Nov 13	$0.12	$4.88	10%	40.67
$215.00	$220.00	$225.00	Oct 30	$0.24	$4.76	13%	19.83

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 $-8.00, 126 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$190.00	$210.00	1:2	Nov 6	-$8.00	$12.00
$255.00	$265.00	1:2	Nov 13	-$1.01	$8.99
$227.50	$230.00	1:2	Oct 2	-$0.22	$2.28
$225.00	$227.50	1:2	Oct 2	-$0.87	$1.63
$235.00	$237.50	1:2	Oct 2	-$0.02	$2.48

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$210.00	$200.00	1:2	Nov 13	-$0.36	$9.64
$230.00	$227.50	1:2	Oct 2	-$0.35	$2.15
$220.00	$210.00	1:2	Nov 13	-$2.52	$7.48
$232.50	$230.00	1:2	Oct 2	-$1.23	$1.27
$205.00	$200.00	1:2	Oct 16	-$0.08	$4.92

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 59 found (best yield 5.31%, avg 1.71%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Nov 13	$12.10	0.49	1.0%	5.31%	6.27%	2	--
$235.00	Nov 13	$9.95	0.44	3.1%	4.37%	7.52%	6	--
$230.00	Nov 6	$11.95	0.51	1.0%	5.25%	6.20%	17	25
$235.00	Nov 6	$9.80	0.45	3.1%	4.30%	7.45%	43	14
$240.00	Nov 6	$8.05	0.39	5.3%	3.53%	8.88%	10	20
$245.00	Nov 13	$6.80	0.34	7.5%	2.98%	10.53%	47	--
$245.00	Nov 6	$6.50	0.34	7.5%	2.85%	10.39%	3	40
$230.00	Oct 30	$11.10	0.51	1.0%	4.87%	5.83%	310	275
$235.00	Oct 30	$9.05	0.44	3.1%	3.97%	7.12%	127	464
$240.00	Nov 13	$7.35	0.38	5.3%	3.23%	8.57%	1	--

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 46,810

Total Puts 23,734

Put/Call Ratio 0.51

Net Difference 23,076

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

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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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