Tour v490
IBM
IBM CORP
$235.15 +3.91%
$233.90 (-0.53%)🌙
as of 08/04 06:48 PM
(8/3 18:34) ◀
|
Tuesday, August 4, 2026 (6:48pm)
January 2026
|
▶ (8/5 18:51)
◀ 8/4 18:48 ▶

Option Volume

Detail
ℹ
Current (08/04) 101,522
Calls: 77,468 (76%)
Puts: 24,054 (24%)
Prior (08/03) 72,606
Calls: 57,558 (79%)
Puts: 15,048 (21%)
Current vs Prior +39.83%
Calls: +34.59% (Calls)
Puts: +59.85% (Puts)
Prior 7-Day Total 585,843
Calls: 414,930 (71%)
Puts: 170,913 (29%)
Prior 7-Day Average 83,691
Calls: 59,275 (71%)
Puts: 24,416 (29%)
Current vs Prior 7-Day Avg +21.30%
Calls: +30.69%
Puts: -1.48%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04) $78.36M
Calls: $57.65M (74%)
Puts: $20.71M (26%)
Prior (08/03) $54.91M
Calls: $36.77M (67%)
Puts: $18.13M (33%)
Current vs Prior +42.72%
Calls: +56.78%
Puts: +14.23%
Prior 7-Day Total $367.29M
Calls: $244.67M (67%)
Puts: $122.62M (33%)
Prior 7-Day Average $52.47M
Calls: $34.95M (67%)
Puts: $17.52M (33%)
Current vs Prior 7-Day Avg +49.35%
Calls: +64.94%
Puts: +18.25%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04) 0.31
Prior (08/03) 0.26
Current vs Prior +18.77%
Prior 7-Day Average 0.44
Current vs Prior 7-Day Avg -29.34%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/04) 574,358
Calls: 351,126 (61%)
Puts: 223,232 (39%)
Prior (08/03) 530,036
Calls: 316,236 (60%)
Puts: 213,800 (40%)
Current vs Prior +8.36%
Prior 7-Day Total 3,818,947
Calls: 2,319,654 (61%)
Puts: 1,499,293 (39%)
Prior 7-Day Average 545,563
Calls: 331,379 (61%)
Puts: 214,184 (39%)
Current vs Prior 7-Day Avg +5.28%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.99% | 6.26%7.83% | 12.80%
Prior 4.45% | 6.52%7.94% | 13.13%
Current vs Prior -10.44% | -3.89%-1.46% | -2.50%
Prior 7-Day Avg 4.19% | 6.43%8.89% | 13.50%
Current vs 7-Day Avg -4.81% | -2.59%-11.91% | -5.20%
Prior 7-Day Eod 4.45% | 6.52%7.94% | 13.13%
Current vs 7-Day Eod -10.44% | -3.89%-1.46% | -2.50%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.52% | 7.21%
Calls: 3.04% | 4.48%
Puts: 7.99% | 9.94%
Prior 5.52% | 7.21%
Calls: 3.04% | 4.48%
Puts: 7.99% | 9.94%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 18.01% | 23.70%
Calls: 16.96% | 19.01%
Puts: 19.06% | 28.39%
Current vs 7-Day Avg -69.35% | -69.58%
Liquidity Pricy
+
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🤖 AI Insights

Moderately bullish flow with 74% call dollar volume ($57.65M). Extreme bullish P/C ratio of 0.31 - heavy call buying (77,468 calls vs 24,054 puts). Call-heavy open interest (351,126 calls vs 223,232 puts) suggests bullish 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

📈 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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 100 of results (avg 6.7%, best 2.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Sep 1815.7016.05$15.882.2%1.5K0.573.7K
$220.00Aug 2116.9017.30$17.102.3%7530.787.2K
$215.00Sep 1824.9525.55$25.252.4%2300.75951
$240.00Aug 215.856.00$5.932.5%5270.404.5K
$210.00Aug 2125.3026.00$25.652.7%1050.923.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Sep 1816.3516.95$16.653.6%480.541.6K
$225.00Sep 188.959.35$9.154.4%1950.37621
$255.00Sep 1826.1527.40$26.784.7%10.69--
$270.00Sep 1838.8040.90$39.855.3%50.80--
$245.00Sep 1819.0520.10$19.585.4%60.59--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 7 found (avg $0.56, cheapest $0.13)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Aug 70.120.14$0.1315.4%1.0K0.031.0K
$250.00Aug 70.500.55$0.539.4%2.9K0.102.4K
$275.00Aug 210.550.58$0.565.4%1050.064.3K
$247.50Aug 70.700.82$0.7615.8%1710.1463
$270.00Aug 210.700.81$0.7614.5%9060.083.0K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$222.50Aug 70.470.54$0.5113.7%2530.10323
$195.00Aug 280.600.70$0.6515.4%290.05278

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 114 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 743.2546.95$45.108.2%191.0031
$192.50Aug 740.7544.65$42.709.1%191.0013
$195.00Aug 738.2541.75$40.008.8%191.0069
$197.50Aug 735.7538.95$37.358.6%181.004
$200.00Aug 733.9036.45$35.177.3%231.00113
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$257.50Aug 721.4024.50$22.9513.5%220.981
$260.00Aug 724.5026.95$25.739.5%220.971
$280.00Aug 2145.3048.65$46.977.1%280.95499
$275.00Aug 2141.2043.75$42.486.0%500.941.5K
$280.00Aug 2845.4048.85$47.137.3%50.92--

Most actively traded options today. High liquidity = easy entry/exit. 286 active (total vol 74.3K, top 6.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 72.112.26$2.186.9%6.6K0.332.5K
$235.00Aug 74.004.20$4.104.9%5.8K0.512.2K
$250.00Aug 213.003.20$3.106.5%4.7K0.257.2K
$240.00Aug 143.454.20$3.8319.6%4.4K0.361.7K
$250.00Aug 70.500.55$0.539.4%2.9K0.102.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Aug 211.151.43$1.2921.7%9400.124.3K
$230.00Aug 71.812.08$1.9513.8%9260.30235
$230.00Sep 1810.9011.65$11.286.6%7100.422.0K
$200.00Aug 210.470.61$0.5425.9%6310.057.2K
$200.00Sep 182.172.49$2.3313.7%6080.133.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 59 strikes (avg 38.3%, max 181.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Sep 18121.8%43.2%181.9%27443
$195.00Aug 7Sep 1897.3%42.8%127.4%22236
$197.50Aug 7Aug 2176.3%43.6%75.0%20119
$280.00Aug 7Sep 1875.2%43.4%73.1%5853.1K
$210.00Aug 7Sep 1870.8%41.2%71.8%112957
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Sep 18121.8%43.2%181.9%1867.3K
$195.00Aug 7Sep 1897.3%42.8%127.4%4742.0K
$197.50Aug 7Aug 2176.3%43.6%75.0%37446
$210.00Aug 7Sep 1870.8%41.2%71.8%2423.5K
$192.50Aug 7Aug 2174.0%49.0%51.1%18363

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 166 found (best R:R 37.46, avg 5.69)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$275.00$280.00Aug 28$0.13$4.87$0.1337.46$275.13
$275.00$280.00Aug 21$0.14$4.86$0.1434.71$275.14
$267.50$270.00Aug 14$0.10$2.40$0.1024.00$267.60
$270.00$275.00Aug 21$0.20$4.80$0.2024.00$270.20
$265.00$267.50Aug 14$0.12$2.38$0.1219.83$265.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$195.00$190.00Sep 4$0.19$4.81$0.1925.32$194.81
$195.00$192.50Aug 7$0.10$2.40$0.1024.00$194.90
$195.00$192.50Aug 21$0.10$2.40$0.1024.00$194.90
$207.50$205.00Aug 14$0.11$2.39$0.1121.73$207.39
$195.00$190.00Aug 28$0.25$4.75$0.2519.00$194.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 228 found (best R:R 32.33, avg 2.28)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$200.00$205.00Aug 14$4.85$4.85$0.1532.33$204.85
$190.00$192.50Aug 7$2.40$2.40$0.1024.00$192.40
$195.00$197.50Aug 21$2.40$2.40$0.1024.00$197.40
$195.00$200.00Sep 18$4.77$4.77$0.2320.74$199.77
$200.00$205.00Aug 28$4.69$4.69$0.3115.13$204.69
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$270.00$265.00Aug 21$4.67$4.67$0.3314.15$265.33
$280.00$260.00Aug 28$18.55$18.55$1.4512.79$261.45
$257.50$250.00Aug 7$6.87$6.87$0.6310.90$250.63
$245.00$240.00Aug 7$4.55$4.55$0.4510.11$240.45
$270.00$260.00Sep 18$9.00$9.00$1.009.00$261.00

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 50 found (avg debit $1.31, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$210.00Aug 7Aug 14$0.0570.8%45.7%
$280.00Aug 7Aug 14$0.1375.2%53.1%
$212.50Aug 7Aug 14$0.1856.4%43.1%
$275.00Aug 7Aug 14$0.1973.1%51.7%
$270.00Aug 7Aug 14$0.2664.6%48.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$192.50Aug 7Aug 14$0.0774.0%52.1%
$197.50Aug 7Aug 14$0.1076.3%49.5%
$200.00Aug 7Aug 14$0.1360.8%46.9%
$280.00Aug 21Aug 28$0.1647.8%46.4%
$205.00Aug 7Aug 14$0.2361.6%45.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 115 found (cheapest 3.42% of stock, avg 11.46%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$235.00Aug 7$4.10$3.95$8.05$226.95$243.053.42%
$237.50Aug 7$3.08$5.28$8.36$229.14$245.863.56%
$232.50Aug 7$5.60$2.88$8.48$224.02$240.983.61%
$230.00Aug 7$7.15$1.95$9.10$220.90$239.103.87%
$240.00Aug 7$2.18$7.13$9.31$230.69$249.313.96%
$227.50Aug 7$8.93$1.24$10.17$217.33$237.674.32%
$225.00Aug 7$11.05$0.88$11.93$213.07$236.935.07%
$245.00Aug 7$1.08$11.68$12.76$232.24$257.765.43%
$235.00Aug 14$6.00$7.03$13.03$221.97$248.035.54%
$222.50Aug 7$12.75$0.51$13.26$209.24$235.765.64%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 174 found (cheapest 0.70% of stock, avg 4.89%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$247.50$225.00Aug 7$0.76$0.88$1.64$223.36$249.14
$245.00$225.00Aug 7$1.08$0.88$1.96$223.04$246.96
$247.50$227.50Aug 7$0.76$1.24$2.00$225.50$249.50
$245.00$227.50Aug 7$1.08$1.24$2.32$225.18$247.32
$242.50$225.00Aug 7$1.53$0.88$2.41$222.59$244.91
$247.50$230.00Aug 7$0.76$1.95$2.71$227.29$250.21
$242.50$227.50Aug 7$1.53$1.24$2.77$224.73$245.27
$245.00$230.00Aug 7$1.08$1.95$3.03$226.97$248.03
$240.00$225.00Aug 7$2.18$0.88$3.06$221.94$243.06
$240.00$227.50Aug 7$2.18$1.24$3.42$224.08$243.42

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 236 found (best R:R 44.45, avg credit $3.29)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
195/200205/210Aug 28$4.89$0.1144.45$195.11$209.89
205/208220/222Aug 14$2.39$0.1121.73$205.11$222.39
208/210212/215Aug 7$2.38$0.1219.83$207.62$214.88
195/200210/215Sep 4$4.76$0.2419.83$195.24$214.76
215/220225/230Sep 4$4.75$0.2519.00$215.25$229.75
190/195205/210Aug 28$4.73$0.2717.52$190.27$209.73
208/210218/220Aug 14$2.36$0.1416.86$207.64$219.86
220/225230/235Sep 11$4.72$0.2816.86$220.28$234.72
195/200205/210Sep 18$4.65$0.3513.29$195.35$209.65
205/210215/220Sep 18$4.65$0.3513.29$205.35$219.65

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 158 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$225.00$230.00$235.00Sep 11$0.05$4.9599.00
$270.00$275.00$280.00Aug 21$0.06$4.9482.33
$230.00$235.00$240.00Sep 18$0.06$4.9482.33
$260.00$265.00$270.00Aug 7$0.07$4.9370.43
$192.50$195.00$197.50Aug 7$0.05$2.4549.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$220.00$225.00$230.00Sep 11$0.08$4.9261.50
$195.00$197.50$200.00Aug 7$0.06$2.4440.67
$210.00$215.00$220.00Sep 4$0.12$4.8840.67
$195.00$200.00$205.00Sep 11$0.15$4.8532.33
$190.00$195.00$200.00Aug 28$0.16$4.8430.25

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 $-2.11, 130 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$250.00$260.001:2Sep 11-$1.33$8.67
$275.00$280.001:2Aug 7-$0.01$4.99
$265.00$270.001:2Aug 7-$0.03$4.97
$270.00$275.001:2Aug 7-$0.06$4.94
$275.00$280.001:2Aug 14-$0.08$4.92
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$275.00$250.001:2Sep 11-$2.11$22.89
$280.00$260.001:2Aug 28-$10.03$9.97
$195.00$190.001:2Aug 28-$0.15$4.85
$200.00$195.001:2Aug 28-$0.24$4.76
$200.00$195.001:2Sep 4-$0.27$4.73

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 4.47%, avg 1.29%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$240.00Sep 18$10.500.462.1%4.47%6.53%4201.4K
$245.00Sep 18$9.300.414.2%3.95%8.14%100732
$240.00Sep 11$8.200.442.1%3.49%5.55%11--
$240.00Sep 4$8.000.432.1%3.40%5.46%1354
$240.00Aug 28$7.400.432.1%3.15%5.21%440428
$250.00Sep 18$7.000.356.3%2.98%9.29%1.2K4.1K
$237.50Aug 21$6.750.451.0%2.87%3.87%123271
$245.00Sep 11$6.550.384.2%2.79%6.97%38
$255.00Sep 18$6.300.318.4%2.68%11.12%59957
$250.00Sep 11$6.100.336.3%2.59%8.91%1110

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 77,468
Total Puts 24,054
Put/Call Ratio 0.31
Net Difference 53,414

Prior's Put/Call Breakdown

Total Calls 57,558
Total Puts 15,048
Put/Call Ratio 0.26
Net Difference 42,510

Prior 7-Day Put/Call Summary

Total Calls 414,930
Total Puts 170,913
Average Put/Call Ratio 0.44
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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Chart Title

Price — Past 7 Days

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