Tour v492
IBM
IBM CORP
$235.92 +0.33%
$234.93 (-0.42%)🌙
as of 08/05 06:51 PM
(8/4 18:48) ◀
|
Wednesday, August 5, 2026 (6:51pm)
January 2026
|
▶ (8/6 18:47)
◀ 8/5 18:51 ▶

Option Volume

Detail
ℹ
Current (08/05) 59,763
Calls: 42,758 (72%)
Puts: 17,005 (28%)
Prior (08/04) 101,522
Calls: 77,468 (76%)
Puts: 24,054 (24%)
Current vs Prior -41.13%
Calls: -44.81% (Calls)
Puts: -29.30% (Puts)
Prior 7-Day Total 535,126
Calls: 383,648 (72%)
Puts: 151,478 (28%)
Prior 7-Day Average 76,446
Calls: 54,806 (72%)
Puts: 21,639 (28%)
Current vs Prior 7-Day Avg -21.82%
Calls: -21.98%
Puts: -21.42%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/05) $38.64M
Calls: $27.60M (71%)
Puts: $11.04M (29%)
Prior (08/04) $78.36M
Calls: $57.65M (74%)
Puts: $20.71M (26%)
Current vs Prior -50.69%
Calls: -52.13%
Puts: -46.69%
Prior 7-Day Total $369.81M
Calls: $255.16M (69%)
Puts: $114.65M (31%)
Prior 7-Day Average $52.83M
Calls: $36.45M (69%)
Puts: $16.38M (31%)
Current vs Prior 7-Day Avg -26.86%
Calls: -24.29%
Puts: -32.58%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/05) 0.40
Prior (08/04) 0.31
Current vs Prior +28.08%
Prior 7-Day Average 0.43
Current vs Prior 7-Day Avg -6.78%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/05) 547,280
Calls: 336,212 (61%)
Puts: 211,068 (39%)
Prior (08/04) 574,358
Calls: 351,126 (61%)
Puts: 223,232 (39%)
Current vs Prior -4.71%
Prior 7-Day Total 3,751,876
Calls: 2,276,313 (61%)
Puts: 1,475,563 (39%)
Prior 7-Day Average 535,982
Calls: 325,187 (61%)
Puts: 210,794 (39%)
Current vs Prior 7-Day Avg +2.11%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 3.07% | 5.53%7.00% | 12.03%
Prior 3.99% | 6.26%7.83% | 12.80%
Current vs Prior -22.96% | -11.69%-10.61% | -6.02%
Prior 7-Day Avg 4.03% | 6.30%8.63% | 13.32%
Current vs 7-Day Avg -23.74% | -12.17%-18.93% | -9.67%
Prior 7-Day Eod 3.99% | 6.26%7.83% | 12.80%
Current vs 7-Day Eod -22.96% | -11.69%-10.61% | -6.02%
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 15.93% | 20.95%
Calls: 14.64% | 16.59%
Puts: 17.21% | 25.31%
Current vs 7-Day Avg -65.34% | -65.59%
Liquidity Pricy
+
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🤖 AI Insights

Moderately bullish flow with 71% call dollar volume ($27.60M). Light premium activity with dollar volume down 51% vs prior. Below-average activity with volume down 41% vs prior. Extreme bullish P/C ratio of 0.40 - heavy call buying (42,758 calls vs 17,005 puts).

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 78 of results (avg 7.5%, best 4.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Aug 148.158.50$8.324.2%1590.66971
$250.00Sep 187.007.35$7.184.9%4180.354.1K
$240.00Sep 1810.6511.20$10.935.0%2510.471.4K
$230.00Sep 1815.2516.05$15.655.1%1620.594.2K
$220.00Sep 1821.0522.20$21.635.3%1890.713.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$270.00Sep 1836.5538.25$37.404.5%110.81688
$220.00Sep 186.106.40$6.254.8%1.7K0.293.0K
$280.00Sep 1845.2547.80$46.535.5%130.87--
$275.00Aug 2139.3541.60$40.485.6%710.951.4K
$275.00Sep 1840.7043.50$42.106.7%70.84--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.53, cheapest $0.16)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 70.210.23$0.229.1%3.1K0.063.3K
$247.50Aug 70.320.36$0.3411.8%4720.09125
$245.00Aug 70.550.59$0.577.0%3.6K0.14885
$242.50Aug 70.891.01$0.9512.6%1.4K0.21737
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 210.150.17$0.1612.5%4420.024.4K
$230.00Aug 70.901.02$0.9612.5%5580.21905

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 113 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 1444.8548.00$46.436.8%11.00--
$195.00Aug 1440.4043.00$41.706.2%21.0042
$200.00Aug 1435.5537.55$36.555.5%81.00--
$205.00Aug 1429.7532.55$31.159.0%51.00--
$210.00Aug 1424.9527.20$26.088.6%261.00509
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$275.00Aug 1438.7541.95$40.357.9%20.96--
$275.00Aug 2139.3541.60$40.485.6%710.951.4K
$270.00Aug 2134.5037.20$35.857.5%70.93777
$260.00Aug 1424.5027.00$25.759.7%20.92--
$280.00Sep 1845.2547.80$46.535.5%130.87--

Most actively traded options today. High liquidity = easy entry/exit. 284 active (total vol 43.2K, top 3.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$245.00Aug 70.550.59$0.577.0%3.6K0.14885
$240.00Aug 71.481.61$1.558.4%3.5K0.312.0K
$250.00Aug 70.210.23$0.229.1%3.1K0.063.3K
$275.00Aug 210.310.52$0.4250.0%1.7K0.054.3K
$250.00Aug 212.652.81$2.735.9%1.5K0.248.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Sep 186.106.40$6.254.8%1.7K0.293.0K
$222.50Aug 70.070.55$0.31154.8%5690.07375
$230.00Aug 70.901.02$0.9612.5%5580.21905
$235.00Aug 72.142.80$2.4726.7%5460.44149
$232.50Aug 71.291.74$1.5229.6%4530.31320

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 58 strikes (avg 66.0%, max 336.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Sep 18186.9%42.8%336.6%26444
$195.00Aug 7Sep 18150.2%42.1%256.5%6235
$280.00Aug 7Sep 1888.7%41.7%112.6%2433.2K
$212.50Aug 7Aug 2183.3%39.7%109.6%6630
$275.00Aug 7Sep 1886.8%42.2%105.7%110658
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Sep 18186.9%42.8%336.6%806.7K
$197.50Aug 7Aug 21178.0%43.6%308.3%46244
$195.00Aug 7Sep 18150.2%42.1%256.5%582.1K
$212.50Aug 7Aug 2183.3%39.7%109.6%1121.3K
$192.50Aug 7Aug 2192.9%46.5%99.6%28748

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 157 found (best R:R 44.45, avg 5.94)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$275.00$280.00Aug 28$0.18$4.82$0.1826.78$275.18
$275.00$280.00Aug 14$0.20$4.80$0.2024.00$275.20
$270.00$275.00Aug 21$0.20$4.80$0.2024.00$270.20
$265.00$270.00Sep 4$0.21$4.79$0.2122.81$265.21
$257.50$260.00Aug 14$0.11$2.39$0.1121.73$257.61
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$195.00$190.00Sep 4$0.11$4.89$0.1144.45$194.89
$200.00$195.00Aug 28$0.17$4.83$0.1728.41$199.83
$205.00$202.50Aug 14$0.10$2.40$0.1024.00$204.90
$205.00$202.50Aug 21$0.11$2.39$0.1121.73$204.89
$207.50$205.00Aug 21$0.11$2.39$0.1121.73$207.39

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 213 found (best R:R 36.50, avg 2.29)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$190.00$205.00Sep 4$14.42$14.42$0.5824.86$204.42
$217.50$220.00Aug 7$2.37$2.37$0.1318.23$219.87
$190.00$195.00Aug 14$4.73$4.73$0.2717.52$194.73
$197.50$200.00Aug 7$2.35$2.35$0.1515.67$199.85
$205.00$210.00Aug 28$4.70$4.70$0.3015.67$209.70
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$275.00$260.00Aug 14$14.60$14.60$0.4036.50$260.40
$270.00$260.00Aug 21$9.47$9.47$0.5317.87$260.53
$275.00$270.00Sep 18$4.70$4.70$0.3015.67$270.30
$275.00$270.00Aug 21$4.63$4.63$0.3712.51$270.37
$260.00$250.00Aug 14$9.07$9.07$0.939.75$250.93

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 49 found (avg debit $1.15, cheapest $0.09)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$280.00Aug 7Aug 14$0.0988.7%52.2%
$270.00Aug 7Aug 14$0.1276.5%45.6%
$190.00Aug 7Aug 14$0.15186.9%50.6%
$217.50Aug 7Aug 14$0.1559.5%40.4%
$215.00Aug 7Aug 14$0.2269.3%40.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$275.00Aug 14Aug 21$0.1356.2%44.7%
$192.50Aug 7Aug 21$0.1692.9%46.5%
$202.50Aug 7Aug 14$0.1671.4%48.6%
$200.00Aug 7Aug 14$0.1776.7%52.6%
$205.00Aug 7Aug 14$0.2666.1%48.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 113 found (cheapest 2.54% of stock, avg 10.83%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$235.00Aug 7$3.53$2.47$6.00$229.00$241.002.54%
$237.50Aug 7$2.35$3.72$6.07$231.43$243.572.57%
$232.50Aug 7$5.13$1.52$6.65$225.85$239.152.82%
$240.00Aug 7$1.55$5.45$7.00$233.00$247.002.97%
$230.00Aug 7$7.03$0.96$7.99$222.01$237.993.39%
$242.50Aug 7$0.95$7.18$8.13$234.37$250.633.45%
$245.00Aug 7$0.57$9.32$9.89$235.11$254.894.19%
$227.50Aug 7$9.48$0.49$9.97$217.53$237.474.23%
$232.50Aug 14$6.90$4.60$11.50$221.00$244.004.87%
$235.00Aug 14$5.70$6.03$11.73$223.27$246.734.97%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.35% of stock, avg 4.29%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$247.50$227.50Aug 7$0.34$0.49$0.83$226.67$248.33
$245.00$227.50Aug 7$0.57$0.49$1.06$226.44$246.06
$247.50$230.00Aug 7$0.34$0.96$1.30$228.70$248.80
$247.50$197.50Aug 7$0.34$1.07$1.41$196.09$248.91
$242.50$227.50Aug 7$0.95$0.49$1.44$226.06$243.94
$245.00$230.00Aug 7$0.57$0.96$1.53$228.47$246.53
$245.00$197.50Aug 7$0.57$1.07$1.64$195.86$246.64
$247.50$232.50Aug 7$0.34$1.52$1.86$230.64$249.36
$242.50$230.00Aug 7$0.95$0.96$1.91$228.09$244.41
$240.00$227.50Aug 7$1.55$0.49$2.04$225.46$242.04

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 227 found (best R:R 37.46, avg credit $3.30)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
195/200205/210Aug 28$4.87$0.1337.46$195.13$209.87
200/205210/215Sep 18$4.87$0.1337.46$200.13$214.87
200/205210/215Aug 28$4.80$0.2024.00$200.20$214.80
200/205225/230Sep 11$4.79$0.2122.81$200.21$229.79
210/215225/230Sep 11$4.78$0.2221.73$210.22$229.78
198/200210/212Aug 21$2.37$0.1318.23$197.63$212.37
225/230235/240Sep 4$4.73$0.2717.52$225.27$239.73
190/195210/215Aug 28$4.72$0.2816.86$190.28$214.72
190/195205/210Sep 18$4.71$0.2916.24$190.29$209.71
195/200210/215Aug 28$4.65$0.3513.29$195.35$214.65

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 159 found (best R:R 61.50, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$230.00$235.00$240.00Sep 18$0.08$4.9261.50
$265.00$270.00$275.00Aug 21$0.09$4.9154.56
$210.00$212.50$215.00Aug 7$0.06$2.4440.67
$225.00$227.50$230.00Aug 21$0.06$2.4440.67
$270.00$275.00$280.00Aug 21$0.12$4.8840.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$215.00$220.00$225.00Sep 18$0.11$4.8944.45
$212.50$215.00$217.50Aug 7$0.06$2.4440.67
$192.50$195.00$197.50Aug 21$0.06$2.4440.67
$200.00$202.50$205.00Aug 21$0.07$2.4334.71
$222.50$225.00$227.50Aug 21$0.07$2.4334.71

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 154 found (best net $-4.01, 144 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$225.001:2Sep 11-$6.85$8.15
$275.00$280.001:2Aug 7$0.00$5.00
$265.00$270.001:2Aug 7-$0.01$4.99
$270.00$275.001:2Aug 7-$0.04$4.96
$260.00$265.001:2Aug 7-$0.08$4.92
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$255.00$240.001:2Sep 11-$4.01$10.99
$250.00$240.001:2Aug 14-$1.52$8.48
$200.00$195.001:2Aug 14-$0.02$4.98
$205.00$200.001:2Sep 4-$0.26$4.74
$200.00$195.001:2Aug 28-$0.29$4.71

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 4.51%, avg 1.29%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$240.00Sep 18$10.650.471.7%4.51%6.24%2511.4K
$245.00Sep 18$8.800.413.9%3.73%7.58%67737
$240.00Sep 11$8.700.461.7%3.69%5.42%814
$240.00Sep 4$8.050.451.7%3.41%5.14%3060
$250.00Sep 18$7.000.356.0%2.97%8.94%4184.1K
$240.00Aug 28$6.800.431.7%2.88%4.61%173559
$245.00Sep 4$6.300.383.9%2.67%6.52%5481
$245.00Sep 11$6.250.403.9%2.65%6.50%1910
$237.50Aug 21$6.200.460.7%2.63%3.30%106307
$250.00Sep 11$5.750.346.0%2.44%8.41%4--

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 42,758
Total Puts 17,005
Put/Call Ratio 0.40
Net Difference 25,753

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 383,648
Total Puts 151,478
Average Put/Call Ratio 0.43
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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