IBM - Options Database

IBM

IBM CORP

$226.88 +3.16%

(10/1 14:00) ◀

Thursday, October 1, 2026 (3:00pm)

▶ (10/1 16:00)

◀ 10/1 15:00 ▶

Option Volume

Detail

ℹ

Current (10/01 3:00pm) 74,260

Calls: 49,380 (66%)

Puts: 24,880 (34%)

Prior (09/16) 40,573

Calls: 30,051 (74%)

Puts: 10,522 (26%)

Current vs Prior +83.03%

Calls: +64.32% (Calls)

Puts: +136.46% (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 -36.60%

Calls: -34.93%

Puts: -39.66%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 3:00pm) $28.07M

Calls: $15.45M (55%)

Puts: $12.62M (45%)

Prior (09/16) $19.19M

Calls: $12.78M (67%)

Puts: $6.42M (33%)

Current vs Prior +46.23%

Calls: +20.90%

Puts: +96.65%

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 -66.60%

Calls: -64.60%

Puts: -68.76%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/01 3:00pm) 0.50

Prior (09/16) 0.35

Current vs Prior +43.90%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg +12.15%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 3:00pm) 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 2.42% | 4.51%5.86% | 13.63%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -19.29% | -8.55%+95.53% | +54.69%

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

Current vs 7-Day Avg -52.50% | -38.68%-26.26% | +2.24%

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

Current vs 7-Day Eod -19.29% | -8.55%-0.21% | +2.65%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.70% | 9.13%

Calls: 12.50% | 10.62%

Puts: 24.89% | 7.64%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +3.95% | -5.19%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +76.46% | -14.03%

Liquidity Expensive

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🤖 AI Insights

Above-average activity with volume up 83% vs prior. Bullish P/C ratio of 0.50. P/C ratio rising 44% - 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
15:00	BULLISH	BULLISH	BULLISH
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 80 of results (avg 7.0%, best 3.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 30	8.65	9.05	$8.85	4.5%	144	0.42	464
$225.00	Oct 30	12.80	13.40	$13.10	4.6%	107	0.55	116
$230.00	Oct 23	9.45	9.90	$9.68	4.6%	208	0.48	296
$210.00	Oct 30	21.90	23.00	$22.45	4.9%	1	0.75	16
$215.00	Oct 30	18.50	19.50	$19.00	5.3%	7	0.69	21

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Oct 30	26.40	27.25	$26.83	3.2%	--	0.74	32
$240.00	Oct 23	18.25	18.95	$18.60	3.8%	67	0.65	93
$225.00	Oct 30	10.30	10.70	$10.50	3.8%	3	0.45	160
$225.00	Oct 23	9.35	9.75	$9.55	4.2%	74	0.45	297
$250.00	Nov 13	28.20	29.65	$28.92	5.0%	4	0.71	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 13 found (avg $0.64, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.05	0.06	$0.06	16.7%	5.2K	0.02	1.8K
$232.50	Oct 2	0.37	0.45	$0.41	19.5%	2.6K	0.15	1.0K
$230.00	Oct 2	0.83	0.94	$0.89	12.4%	2.5K	0.28	1.4K
$240.00	Oct 9	0.80	0.91	$0.86	12.8%	763	0.15	424
$252.50	Oct 16	0.52	0.62	$0.57	17.5%	19	0.08	210

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Oct 9	0.28	0.34	$0.31	19.4%	864	0.06	393
$215.00	Oct 9	0.70	0.80	$0.75	13.3%	143	0.13	287
$205.00	Oct 16	0.47	0.54	$0.51	13.7%	603	0.07	2.5K
$207.50	Oct 16	0.65	0.73	$0.69	11.6%	3	0.09	373
$210.00	Oct 16	0.83	0.98	$0.91	16.5%	100	0.12	3.2K

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
$195.00	Oct 2	31.15	34.05	$32.60	8.9%	2	1.00	4
$200.00	Oct 2	26.20	28.55	$27.38	8.6%	--	1.00	155
$202.50	Oct 2	23.40	26.55	$24.98	12.6%	8	1.00	--
$210.00	Oct 2	15.95	18.00	$16.98	12.1%	1	1.00	40
$212.50	Oct 2	13.70	15.50	$14.60	12.3%	46	1.00	44

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$265.00	Oct 16	36.50	39.10	$37.80	6.9%	--	1.00	38
$270.00	Oct 16	41.50	44.10	$42.80	6.1%	--	1.00	11
$245.00	Oct 2	16.55	19.15	$17.85	14.6%	8	0.99	--
$240.00	Oct 2	11.55	13.65	$12.60	16.7%	42	0.98	7
$237.50	Oct 2	9.40	11.35	$10.38	18.8%	16	0.96	49

Most actively traded options today. High liquidity = easy entry/exit. 230 active (total vol 61.9K, top 5.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	0.05	0.06	$0.06	16.7%	5.2K	0.02	1.8K
$235.00	Oct 2	0.17	0.21	$0.19	21.1%	4.5K	0.07	1.8K
$235.00	Oct 16	3.00	3.25	$3.13	8.0%	3.7K	0.32	4.9K
$232.50	Oct 2	0.37	0.45	$0.41	19.5%	2.6K	0.15	1.0K
$230.00	Oct 2	0.83	0.94	$0.89	12.4%	2.5K	0.28	1.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 2	1.04	1.24	$1.14	17.5%	2.6K	0.34	654
$230.00	Oct 2	3.20	4.50	$3.85	33.8%	2.2K	0.72	985
$220.00	Oct 2	0.18	0.22	$0.20	20.0%	1.9K	0.08	2.4K
$215.00	Oct 2	0.02	0.05	$0.04	75.0%	1.3K	0.02	2.2K
$227.50	Oct 2	2.00	2.57	$2.29	24.9%	1.2K	0.54	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 28.8%, max 30.5%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$232.50	Oct 2	Oct 16	43.5%	33.3%	30.5%	2.6K	1.2K
$227.50	Oct 2	Oct 16	41.3%	32.2%	28.1%	1.5K	1.1K
$222.50	Oct 2	Oct 16	40.9%	32.0%	27.9%	409	444

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$232.50	Oct 2	Oct 16	43.5%	33.3%	30.5%	136	335
$227.50	Oct 2	Oct 16	41.3%	32.2%	28.1%	1.2K	429
$222.50	Oct 2	Oct 16	40.9%	32.0%	27.9%	991	543

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 134 found (best R:R 0.91, avg 5.19)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$215.00	$220.00	Nov 6	$2.62	$2.38	$2.62	68%	0.91	$217.62
$225.00	$230.00	Oct 30	$2.05	$2.95	$2.05	55%	1.44	$227.05
$215.00	$220.00	Oct 30	$2.85	$2.15	$2.85	69%	0.75	$217.85
$265.00	$270.00	Nov 13	$0.33	$4.67	$0.33	17%	14.15	$265.33
$217.50	$220.00	Oct 9	$1.63	$0.87	$1.63	82%	0.53	$219.13

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$237.50	$235.00	Oct 16	$1.55	$0.95	$1.55	74%	0.61	$235.95
$245.00	$240.00	Oct 23	$3.25	$1.75	$3.25	71%	0.54	$241.75
$235.00	$230.00	Nov 13	$2.50	$2.50	$2.50	56%	1.00	$232.50
$232.50	$230.00	Oct 9	$1.53	$0.97	$1.53	67%	0.63	$230.97
$230.00	$227.50	Oct 2	$1.56	$0.94	$1.56	72%	0.60	$228.44

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 102 found (best R:R 0.43, 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
$227.50	$230.00	Oct 16	$1.35	$1.35	$1.15	50%	1.17	$228.85
$240.00	$245.00	Nov 13	$1.82	$1.82	$3.18	62%	0.57	$241.82
$230.00	$232.50	Oct 2	$0.48	$0.48	$2.02	72%	0.24	$230.48
$257.50	$260.00	Oct 16	$0.13	$0.13	$2.37	94%	0.05	$257.63

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$210.00	$200.00	Nov 13	$3.01	$3.01	$6.99	72%	0.43	$206.99
$220.00	$210.00	Nov 13	$3.70	$3.70	$6.30	60%	0.59	$216.30
$220.00	$215.00	Nov 6	$2.08	$2.08	$2.92	62%	0.71	$217.92
$210.00	$205.00	Nov 6	$1.45	$1.45	$3.55	74%	0.41	$208.55
$225.00	$220.00	Oct 23	$2.35	$2.35	$2.65	55%	0.89	$222.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.38, cheapest $2.21)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$2.45	40.2%	31.9%
$227.50	Oct 2	Oct 9	$2.55	41.3%	33.6%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$2.21	40.2%	31.9%
$227.50	Oct 2	Oct 9	$2.29	41.3%	33.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 70 found (cheapest 1.77% of stock, avg 7.77%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$227.50	Oct 2	$1.73	$2.29	$4.02	$223.48	$231.52	1.77%
$225.00	Oct 2	$3.20	$1.14	$4.34	$220.66	$229.34	1.91%
$230.00	Oct 2	$0.89	$3.85	$4.74	$225.26	$234.74	2.09%
$222.50	Oct 2	$5.30	$0.50	$5.80	$216.70	$228.30	2.56%
$232.50	Oct 2	$0.41	$5.60	$6.01	$226.49	$238.51	2.65%
$220.00	Oct 2	$7.35	$0.20	$7.55	$212.45	$227.55	3.33%
$235.00	Oct 2	$0.19	$7.88	$8.07	$226.93	$243.07	3.56%
$227.50	Oct 9	$4.28	$4.58	$8.86	$218.64	$236.36	3.91%
$225.00	Oct 9	$5.65	$3.35	$9.00	$216.00	$234.00	3.97%
$230.00	Oct 9	$3.20	$6.00	$9.20	$220.80	$239.20	4.06%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 152 found (cheapest 0.17% of stock, avg 4.59%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$235.00	$220.00	Oct 2	$0.19	$0.20	$0.39	$219.61	$235.39
$232.50	$220.00	Oct 2	$0.41	$0.20	$0.61	$219.39	$233.11
$235.00	$222.50	Oct 2	$0.19	$0.50	$0.69	$221.81	$235.69
$232.50	$222.50	Oct 2	$0.41	$0.50	$0.91	$221.59	$233.41
$230.00	$220.00	Oct 2	$0.89	$0.20	$1.09	$218.91	$231.09
$230.00	$222.50	Oct 2	$0.89	$0.50	$1.39	$221.11	$231.39
$235.00	$225.00	Oct 2	$0.19	$1.14	$1.33	$223.67	$236.33
$232.50	$225.00	Oct 2	$0.41	$1.14	$1.55	$223.45	$234.05
$237.50	$215.00	Oct 9	$1.25	$0.75	$2.00	$213.00	$239.50
$230.00	$225.00	Oct 2	$0.89	$1.14	$2.03	$222.97	$232.03

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 206 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	$0.58	$4.42	91%	0.13	$201.92	$265.58
208/210	265/270	Oct 9	$0.58	$4.42	88%	0.13	$209.42	$265.58
200/202	245/248	Oct 9	$0.24	$2.26	89%	0.11	$202.26	$245.24
200/202	238/240	Oct 9	$0.52	$1.98	77%	0.26	$201.98	$238.02
200/202	242/245	Oct 9	$0.29	$2.21	86%	0.13	$202.21	$242.79
200/202	240/242	Oct 9	$0.38	$2.12	82%	0.18	$202.12	$240.38
212/215	248/250	Oct 16	$0.73	$1.77	68%	0.41	$214.27	$248.23
200/202	232/235	Oct 9	$0.81	$1.69	64%	0.48	$201.69	$233.31
205/208	248/250	Oct 16	$0.43	$2.07	79%	0.21	$207.07	$247.93
212/215	250/252	Oct 16	$0.63	$1.87	71%	0.34	$214.37	$250.63

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 129 found (best R:R 13.49, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$235.00	$240.00	$245.00	Oct 30	$0.07	$4.93	12%	70.43
$230.00	$235.00	$240.00	Oct 23	$0.18	$4.82	13%	26.78
$245.00	$250.00	$255.00	Oct 23	$0.09	$4.91	10%	54.56
$220.00	$225.00	$230.00	Oct 23	$0.25	$4.75	15%	19.00
$250.00	$255.00	$260.00	Oct 30	$0.10	$4.90	8%	49.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$200.00	$210.00	$220.00	Nov 13	$0.69	$9.31	22%	13.49
$220.00	$225.00	$230.00	Oct 23	$0.08	$4.92	15%	61.50
$230.00	$235.00	$240.00	Oct 30	$0.07	$4.93	12%	70.43
$227.50	$230.00	$232.50	Oct 2	$0.19	$2.31	31%	12.16
$215.00	$220.00	$225.00	Nov 6	$0.12	$4.88	13%	40.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 139 found (best net $-6.57, 126 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$190.00	$210.00	1:2	Nov 6	-$6.57	$13.43
$225.00	$227.50	1:2	Oct 2	-$0.26	$2.24
$222.50	$225.00	1:2	Oct 2	-$1.10	$1.40
$227.50	$230.00	1:2	Oct 2	-$0.05	$2.45
$255.00	$265.00	1:2	Nov 13	-$1.18	$8.82

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$210.00	$200.00	1:2	Nov 13	-$0.43	$9.57
$230.00	$227.50	1:2	Oct 2	-$0.73	$1.77
$220.00	$210.00	1:2	Nov 13	-$2.75	$7.25
$205.00	$200.00	1:2	Oct 16	-$0.05	$4.95
$215.00	$212.50	1:2	Oct 9	-$0.17	$2.33

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 5.25%, avg 1.65%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Nov 13	$11.90	0.49	1.4%	5.25%	6.62%	2	--
$235.00	Nov 13	$9.65	0.43	3.6%	4.25%	7.83%	6	--
$230.00	Nov 6	$11.50	0.50	1.4%	5.07%	6.44%	18	25
$240.00	Nov 13	$8.00	0.38	5.8%	3.53%	9.31%	1	--
$235.00	Nov 6	$9.40	0.44	3.6%	4.14%	7.72%	44	14
$240.00	Nov 6	$7.65	0.38	5.8%	3.37%	9.15%	10	20
$245.00	Nov 13	$6.45	0.33	8.0%	2.84%	10.83%	57	--
$230.00	Oct 30	$10.65	0.49	1.4%	4.69%	6.07%	325	275
$245.00	Nov 6	$6.15	0.33	8.0%	2.71%	10.70%	3	40
$235.00	Oct 30	$8.65	0.42	3.6%	3.81%	7.39%	144	464

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 49,380

Total Puts 24,880

Put/Call Ratio 0.50

Net Difference 24,500

Prior's Put/Call Breakdown

Total Calls 30,051

Total Puts 10,522

Put/Call Ratio 0.35

Net Difference 19,529

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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