IBM - Options Database

IBM

IBM CORP

$225.62 +2.59%

(10/1 15:00) ◀

Thursday, October 1, 2026 (4:00pm)

▶ (10/1 18:27)

◀ 10/1 16:00 ▶

Option Volume

Detail

ℹ

Current (10/01 4:00pm) 86,223

Calls: 57,654 (67%)

Puts: 28,569 (33%)

Prior (09/16) 54,901

Calls: 38,533 (70%)

Puts: 16,368 (30%)

Current vs Prior +57.05%

Calls: +49.62% (Calls)

Puts: +74.54% (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 -26.38%

Calls: -24.03%

Puts: -30.72%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/01 4:00pm) $34.72M

Calls: $15.66M (45%)

Puts: $19.05M (55%)

Prior (09/16) $25.07M

Calls: $16.16M (64%)

Puts: $8.91M (36%)

Current vs Prior +38.46%

Calls: -3.08%

Puts: +113.80%

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 -58.68%

Calls: -64.10%

Puts: -52.84%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (10/01 4:00pm) 0.50

Prior (09/16) 0.42

Current vs Prior +16.65%

Prior 7-Day Average 0.45

Current vs Prior 7-Day Avg +10.31%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/01 4:00pm) 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 2.32% | 4.37%5.72% | 13.61%

Prior 3.00% | 4.93%3.00% | 8.81%

Current vs Prior -22.53% | -11.46%+90.71% | +54.40%

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

Current vs 7-Day Avg -54.41% | -40.63%-28.08% | +2.04%

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

Current vs 7-Day Eod -22.53% | -11.46%-2.67% | +2.45%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 28.11% | 13.11%

Calls: 24.34% | 10.53%

Puts: 31.88% | 15.69%

Prior 17.99% | 9.63%

Calls: 11.36% | 8.11%

Puts: 24.63% | 11.16%

Current vs Prior +56.25% | +36.14%

Prior 7-Day Avg 10.60% | 10.62%

Calls: 8.81% | 8.89%

Puts: 12.38% | 12.34%

Current vs 7-Day Avg +165.26% | +23.45%

Liquidity Expensive

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🤖 AI Insights

Above-average activity with volume up 57% vs prior. Extreme bullish P/C ratio of 0.50 - heavy call buying (57,654 calls vs 28,569 puts).

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
16:00	BEARISH	BULLISH	BULLISH
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 36 of results (avg 8.3%, best 5.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 23	8.80	9.30	$9.05	5.5%	224	0.46	296
$185.00	Oct 16	40.45	43.05	$41.75	6.2%	--	1.00	30
$235.00	Oct 30	7.80	8.35	$8.07	6.8%	272	0.41	464
$200.00	Oct 30	28.30	30.30	$29.30	6.8%	1	0.85	117
$230.00	Oct 9	2.64	2.83	$2.74	6.9%	578	0.36	762

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 23	12.25	13.10	$12.68	6.7%	17	0.54	132
$240.00	Oct 23	18.60	19.90	$19.25	6.8%	67	0.68	93
$270.00	Oct 16	42.45	45.55	$44.00	7.0%	63	0.97	11
$250.00	Oct 30	26.45	28.40	$27.42	7.1%	--	0.76	32
$245.00	Oct 30	22.45	24.30	$23.38	7.9%	1	0.71	54

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.53, cheapest $0.17)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	0.16	0.18	$0.17	11.8%	8.6K	0.07	1.8K
$232.50	Oct 2	0.29	0.34	$0.32	15.6%	2.8K	0.12	1.0K
$230.00	Oct 2	0.59	0.68	$0.64	14.1%	2.9K	0.21	1.4K
$240.00	Oct 9	0.67	0.76	$0.72	12.5%	816	0.12	424
$247.50	Oct 16	0.75	0.88	$0.82	15.9%	43	0.11	613

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 93 found (avg delta 0.78, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$185.00	Oct 16	40.45	43.05	$41.75	6.2%	--	1.00	30
$190.00	Oct 16	35.30	38.15	$36.72	7.8%	--	1.00	124
$200.00	Oct 2	24.55	26.95	$25.75	9.3%	--	1.00	155
$195.00	Oct 9	29.95	32.85	$31.40	9.2%	2	1.00	1
$202.50	Oct 2	21.80	25.10	$23.45	14.1%	8	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Oct 2	13.15	15.60	$14.38	17.0%	44	1.00	7
$245.00	Oct 2	17.45	20.70	$19.08	17.0%	8	1.00	--
$270.00	Oct 16	42.45	45.55	$44.00	7.0%	63	0.97	11
$265.00	Oct 16	37.45	41.00	$39.23	9.0%	--	0.97	38
$237.50	Oct 2	10.65	13.05	$11.85	20.3%	16	0.96	49

Most actively traded options today. High liquidity = easy entry/exit. 234 active (total vol 71.5K, top 8.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 2	0.16	0.18	$0.17	11.8%	8.6K	0.07	1.8K
$240.00	Oct 2	0.05	0.07	$0.06	33.3%	6.1K	0.02	1.8K
$235.00	Oct 16	2.60	2.86	$2.73	9.5%	3.8K	0.29	4.9K
$230.00	Oct 2	0.59	0.68	$0.64	14.1%	2.9K	0.21	1.4K
$232.50	Oct 2	0.29	0.34	$0.32	15.6%	2.8K	0.12	1.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 2	1.42	1.59	$1.51	11.3%	2.7K	0.43	654
$220.00	Oct 2	0.22	0.34	$0.28	42.9%	2.2K	0.12	2.4K
$230.00	Oct 2	4.15	6.10	$5.13	38.0%	2.2K	0.79	985
$215.00	Oct 2	0.04	0.06	$0.05	40.0%	1.5K	0.02	2.2K
$227.50	Oct 2	2.50	3.45	$2.98	31.9%	1.2K	0.64	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 27.4%, max 36.5%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	40.2%	29.5%	36.5%	410	444
$227.50	Oct 2	Oct 16	41.3%	34.8%	18.4%	1.6K	1.1K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$222.50	Oct 2	Oct 16	40.2%	29.5%	36.5%	1.1K	543
$227.50	Oct 2	Oct 16	41.3%	34.8%	18.4%	1.3K	429

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 134 found (best R:R 1.17, avg 4.53)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$217.50	$220.00	Oct 9	$1.15	$1.35	$1.15	79%	1.17	$218.65
$220.00	$225.00	Nov 6	$2.22	$2.78	$2.22	61%	1.25	$222.22
$220.00	$222.50	Oct 16	$0.97	$1.53	$0.97	67%	1.58	$220.97
$240.00	$245.00	Nov 6	$1.10	$3.90	$1.10	36%	3.55	$241.10
$210.00	$215.00	Oct 23	$3.13	$1.87	$3.13	75%	0.60	$213.13

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$237.50	$235.00	Oct 16	$1.23	$1.27	$1.23	76%	1.03	$236.27
$230.00	$227.50	Oct 16	$1.05	$1.45	$1.05	60%	1.38	$228.95
$227.50	$225.00	Oct 16	$1.05	$1.45	$1.05	54%	1.38	$226.45
$235.00	$230.00	Oct 30	$2.65	$2.35	$2.65	59%	0.89	$232.35
$220.00	$217.50	Oct 16	$0.58	$1.92	$0.58	33%	3.31	$219.42

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 98 found (best R:R 0.42, avg 0.32)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$235.00	$240.00	Oct 23	$1.98	$1.98	$3.02	60%	0.66	$236.98
$245.00	$250.00	Nov 6	$1.53	$1.53	$3.47	68%	0.44	$246.53
$252.50	$255.00	Oct 9	$0.19	$0.19	$2.31	95%	0.08	$252.69
$227.50	$230.00	Oct 16	$1.15	$1.15	$1.35	54%	0.85	$228.65
$235.00	$240.00	Nov 6	$2.02	$2.02	$2.98	57%	0.68	$237.02

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$210.00	$200.00	Nov 13	$2.94	$2.94	$7.06	71%	0.42	$207.06
$220.00	$210.00	Nov 13	$4.07	$4.07	$5.93	59%	0.69	$215.93
$190.00	$185.00	Oct 2	$0.66	$0.66	$4.34	93%	0.15	$189.34
$220.00	$215.00	Oct 23	$2.17	$2.17	$2.83	61%	0.77	$217.83
$225.00	$222.50	Oct 16	$1.53	$1.53	$0.97	53%	1.58	$223.47

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.35, cheapest $2.27)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$2.49	39.0%	31.2%
$227.50	Oct 2	Oct 9	$2.53	41.3%	33.9%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$225.00	Oct 2	Oct 9	$2.27	39.0%	31.2%
$227.50	Oct 2	Oct 9	$2.12	41.3%	33.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 72 found (cheapest 1.67% of stock, avg 7.79%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$225.00	Oct 2	$2.26	$1.51	$3.77	$221.23	$228.77	1.67%
$227.50	Oct 2	$1.20	$2.98	$4.18	$223.32	$231.68	1.85%
$222.50	Oct 2	$4.33	$0.70	$5.03	$217.47	$227.53	2.23%
$230.00	Oct 2	$0.64	$5.13	$5.77	$224.23	$235.77	2.56%
$220.00	Oct 2	$6.25	$0.28	$6.53	$213.47	$226.53	2.89%
$232.50	Oct 2	$0.32	$7.00	$7.32	$225.18	$239.82	3.24%
$217.50	Oct 2	$8.38	$0.12	$8.50	$209.00	$226.00	3.77%
$225.00	Oct 9	$4.75	$3.78	$8.53	$216.47	$233.53	3.78%
$227.50	Oct 9	$3.73	$5.10	$8.83	$218.67	$236.33	3.91%
$222.50	Oct 9	$6.13	$2.74	$8.87	$213.63	$231.37	3.93%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.13% of stock, avg 4.33%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$235.00	$217.50	Oct 2	$0.17	$0.12	$0.29	$217.21	$235.29
$235.00	$220.00	Oct 2	$0.17	$0.28	$0.45	$219.55	$235.45
$232.50	$217.50	Oct 2	$0.32	$0.12	$0.44	$217.06	$232.94
$232.50	$220.00	Oct 2	$0.32	$0.28	$0.60	$219.40	$233.10
$230.00	$217.50	Oct 2	$0.64	$0.12	$0.76	$216.74	$230.76
$235.00	$190.00	Oct 2	$0.17	$0.81	$0.98	$189.02	$235.98
$230.00	$220.00	Oct 2	$0.64	$0.28	$0.92	$219.08	$230.92
$235.00	$222.50	Oct 2	$0.17	$0.70	$0.87	$221.63	$235.87
$232.50	$222.50	Oct 2	$0.32	$0.70	$1.02	$221.48	$233.52
$232.50	$190.00	Oct 2	$0.32	$0.81	$1.13	$188.87	$233.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 187 found (best R:R 0.16, avg credit $1.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
195/198	252/255	Oct 9	$0.35	$2.15	93%	0.16	$197.15	$252.85
190/195	245/250	Nov 6	$2.33	$2.67	55%	0.87	$192.67	$247.33
195/200	245/250	Nov 6	$2.54	$2.46	51%	1.03	$197.46	$247.54
210/212	252/255	Oct 9	$0.43	$2.07	85%	0.21	$212.07	$252.93
210/215	245/250	Nov 6	$3.28	$1.72	35%	1.91	$211.72	$248.28
218/220	252/255	Oct 9	$0.87	$1.63	67%	0.53	$219.13	$253.37
200/205	245/250	Nov 6	$2.74	$2.26	46%	1.21	$202.26	$247.74
195/198	240/242	Oct 9	$0.41	$2.09	85%	0.20	$197.09	$240.41
212/215	252/255	Oct 9	$0.50	$2.00	80%	0.25	$214.50	$253.00
210/215	265/270	Oct 30	$2.29	$2.71	54%	0.85	$212.71	$267.29

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 126 found (best R:R 82.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$210.00	$215.00	$220.00	Oct 23	$0.06	$4.94	14%	82.33
$210.00	$215.00	$220.00	Nov 6	$0.05	$4.95	12%	99.00
$215.00	$220.00	$225.00	Oct 23	$0.17	$4.83	15%	28.41
$255.00	$260.00	$265.00	Nov 6	$0.06	$4.94	7%	82.33
$227.50	$230.00	$232.50	Oct 2	$0.24	$2.26	25%	9.42

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$215.00	$220.00	$225.00	Oct 23	$0.16	$4.84	15%	30.25
$215.00	$220.00	$225.00	Nov 6	$0.11	$4.89	13%	44.45
$220.00	$225.00	$230.00	Oct 23	$0.17	$4.83	15%	28.41
$235.00	$240.00	$245.00	Nov 13	$0.08	$4.92	10%	61.50
$210.00	$220.00	$230.00	Nov 13	$1.13	$8.87	23%	7.85

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 $-6.45, 128 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$190.00	$210.00	1:2	Nov 6	-$6.45	$13.55
$222.50	$225.00	1:2	Oct 2	-$0.19	$2.31
$225.00	$227.50	1:2	Oct 2	-$0.14	$2.36
$227.50	$230.00	1:2	Oct 2	-$0.08	$2.42
$230.00	$232.50	1:2	Oct 2	$0.00	$2.50

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$210.00	$200.00	1:2	Nov 13	-$0.70	$9.30
$227.50	$225.00	1:2	Oct 2	-$0.04	$2.46
$230.00	$227.50	1:2	Oct 2	-$0.83	$1.67
$220.00	$210.00	1:2	Nov 13	-$2.51	$7.49
$205.00	$200.00	1:2	Oct 16	-$0.04	$4.96

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 62 found (best yield 4.50%, avg 1.40%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Nov 13	$10.15	0.47	1.9%	4.50%	6.44%	2	--
$235.00	Nov 6	$8.10	0.43	4.2%	3.59%	7.75%	44	14
$235.00	Nov 13	$8.20	0.42	4.2%	3.63%	7.79%	6	--
$230.00	Nov 6	$9.70	0.48	1.9%	4.30%	6.24%	20	25
$245.00	Nov 6	$5.60	0.32	8.6%	2.48%	11.07%	5	40
$240.00	Nov 13	$6.45	0.37	6.4%	2.86%	9.23%	1	--
$235.00	Oct 30	$7.80	0.41	4.2%	3.46%	7.61%	272	464
$230.00	Oct 30	$9.50	0.48	1.9%	4.21%	6.15%	331	275
$240.00	Nov 6	$6.05	0.36	6.4%	2.68%	9.06%	11	20
$245.00	Nov 13	$4.95	0.32	8.6%	2.19%	10.78%	57	--

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 57,654

Total Puts 28,569

Put/Call Ratio 0.50

Net Difference 29,085

Prior's Put/Call Breakdown

Total Calls 38,533

Total Puts 16,368

Put/Call Ratio 0.42

Net Difference 22,165

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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