Tour v492
IBM
IBM CORP
$233.43 -1.06%
$233.62 (+0.08%)🌙
as of 08/06 06:47 PM
(8/5 18:51) ◀
|
Thursday, August 6, 2026 (6:47pm)
January 2026
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◀ 8/6 18:47

Option Volume

Detail
ℹ
Current (08/06) 47,113
Calls: 33,356 (71%)
Puts: 13,757 (29%)
Prior (08/05) 59,763
Calls: 42,758 (72%)
Puts: 17,005 (28%)
Current vs Prior -21.17%
Calls: -21.99% (Calls)
Puts: -19.10% (Puts)
Prior 7-Day Total 532,275
Calls: 385,199 (72%)
Puts: 147,076 (28%)
Prior 7-Day Average 76,039
Calls: 55,028 (72%)
Puts: 21,010 (28%)
Current vs Prior 7-Day Avg -38.04%
Calls: -39.38%
Puts: -34.52%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/06) $24.77M
Calls: $15.27M (62%)
Puts: $9.50M (38%)
Prior (08/05) $38.64M
Calls: $27.60M (71%)
Puts: $11.04M (29%)
Current vs Prior -35.88%
Calls: -44.66%
Puts: -13.96%
Prior 7-Day Total $373.64M
Calls: $263.59M (71%)
Puts: $110.06M (29%)
Prior 7-Day Average $53.38M
Calls: $37.66M (71%)
Puts: $15.72M (29%)
Current vs Prior 7-Day Avg -53.59%
Calls: -59.44%
Puts: -39.57%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/06) 0.41
Prior (08/05) 0.40
Current vs Prior +3.70%
Prior 7-Day Average 0.41
Current vs Prior 7-Day Avg +0.77%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/06) 498,750
Calls: 294,510 (59%)
Puts: 204,240 (41%)
Prior (08/05) 547,280
Calls: 336,212 (61%)
Puts: 211,068 (39%)
Current vs Prior -8.87%
Prior 7-Day Total 3,788,044
Calls: 2,290,623 (60%)
Puts: 1,497,421 (40%)
Prior 7-Day Average 541,149
Calls: 327,231 (60%)
Puts: 213,917 (40%)
Current vs Prior 7-Day Avg -7.84%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 2.34% | 4.95%6.52% | 11.58%
Prior 3.07% | 5.53%7.00% | 12.03%
Current vs Prior -23.89% | -10.55%-6.77% | -3.74%
Prior 7-Day Avg 3.82% | 6.14%8.29% | 13.08%
Current vs 7-Day Avg -38.77% | -19.42%-21.32% | -11.44%
Prior 7-Day Eod 3.07% | 5.53%7.00% | 12.03%
Current vs 7-Day Eod -23.89% | -10.55%-6.77% | -3.74%
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 13.85% | 18.20%
Calls: 12.32% | 14.17%
Puts: 15.37% | 22.24%
Current vs 7-Day Avg -60.13% | -60.39%
Liquidity Pricy
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🤖 AI Insights

Moderately bullish flow with 62% call dollar volume ($15.27M). Extreme bullish P/C ratio of 0.41 - heavy call buying (33,356 calls vs 13,757 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 57 of results (avg 7.6%, best 4.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Sep 1813.3514.00$13.684.8%3550.554.2K
$235.00Sep 1810.9511.50$11.234.9%3610.49729
$210.00Aug 722.3023.55$22.935.5%430.99230
$195.00Sep 1837.9540.15$39.055.6%10.93--
$190.00Aug 2141.8544.35$43.105.8%21.00154
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Aug 2127.9529.15$28.554.2%1080.92719
$280.00Sep 1847.8550.20$49.034.8%20.894.9K
$200.00Sep 181.902.01$1.955.6%9450.123.4K
$270.00Aug 735.7037.80$36.755.7%31.00--
$225.00Sep 46.306.70$6.506.2%70.3611

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.66, cheapest $0.54)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 140.560.67$0.6217.7%1.8K0.101.5K
$237.50Aug 70.630.68$0.667.6%6230.231.0K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$215.00Aug 140.520.57$0.549.3%450.09858
$210.00Aug 210.760.88$0.8214.6%870.094.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 102 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$197.50Aug 1434.3037.00$35.657.6%11.00--
$205.00Aug 1427.3029.50$28.407.7%11.00--
$210.00Aug 1421.8524.50$23.1811.4%461.00518
$212.50Aug 1419.7022.60$21.1513.7%341.005
$215.00Aug 1417.0520.05$18.5516.2%481.00288
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$245.00Aug 710.6513.00$11.8319.9%11.00--
$250.00Aug 715.5517.80$16.6813.5%401.00--
$257.50Aug 722.8025.75$24.2812.1%281.003
$260.00Aug 725.5527.80$26.688.4%281.001
$270.00Aug 735.7037.80$36.755.7%31.00--

Most actively traded options today. High liquidity = easy entry/exit. 270 active (total vol 35.7K, top 3.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 211.551.76$1.6612.7%3.9K0.178.3K
$235.00Aug 71.291.40$1.358.1%2.6K0.392.2K
$240.00Aug 70.270.34$0.3122.6%1.8K0.121.9K
$250.00Aug 140.560.67$0.6217.7%1.8K0.101.5K
$245.00Aug 70.050.08$0.0742.9%1.7K0.031.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Aug 140.250.50$0.3865.8%1.2K0.06804
$207.50Aug 70.000.01$0.01100.0%1.0K0.001.3K
$200.00Sep 181.902.01$1.955.6%9450.123.4K
$230.00Aug 70.670.96$0.8235.4%6640.25965
$225.00Aug 70.120.17$0.1533.3%4170.06577

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 55 strikes (avg 112.5%, max 619.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Sep 18289.4%40.2%619.7%532
$195.00Aug 7Sep 18207.8%39.7%422.8%669
$280.00Aug 7Sep 18118.6%41.1%188.6%1323.3K
$197.50Aug 7Aug 14150.8%54.0%179.5%57
$200.00Aug 7Sep 18104.6%39.0%168.1%6106
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Sep 18289.4%40.2%619.7%1206.7K
$195.00Aug 7Sep 18207.8%39.7%422.8%3812.1K
$192.50Aug 7Aug 21164.1%47.7%244.0%6745
$200.00Aug 7Sep 18104.6%39.0%168.1%9865.0K
$212.50Aug 7Aug 2196.8%38.0%154.8%51612

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 142 found (best R:R 40.67, avg 6.24)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$270.00$275.00Aug 21$0.12$4.88$0.1240.67$270.12
$275.00$280.00Aug 14$0.13$4.87$0.1337.46$275.13
$270.00$275.00Aug 28$0.14$4.86$0.1434.71$270.14
$275.00$280.00Aug 28$0.14$4.86$0.1434.71$275.14
$270.00$275.00Sep 4$0.22$4.78$0.2221.73$270.22
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$200.00$195.00Aug 28$0.16$4.84$0.1630.25$199.84
$195.00$190.00Sep 4$0.16$4.84$0.1630.25$194.84
$200.00$197.50Aug 21$0.13$2.37$0.1318.23$199.87
$195.00$190.00Aug 28$0.26$4.74$0.2618.23$194.74
$202.50$200.00Aug 14$0.14$2.36$0.1416.86$202.36

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 191 found (best R:R 40.67, avg 2.74)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$197.50$205.00Aug 14$7.25$7.25$0.2529.00$204.75
$210.00$215.00Aug 21$4.81$4.81$0.1925.32$214.81
$195.00$197.50Aug 7$2.38$2.38$0.1219.83$197.38
$190.00$200.00Aug 21$9.50$9.50$0.5019.00$199.50
$217.50$220.00Aug 14$2.35$2.35$0.1515.67$219.85
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$245.00$240.00Aug 7$4.88$4.88$0.1240.67$240.12
$255.00$250.00Aug 14$4.88$4.88$0.1240.67$250.12
$260.00$257.50Aug 7$2.40$2.40$0.1024.00$257.60
$255.00$250.00Aug 21$4.80$4.80$0.2024.00$250.20
$275.00$270.00Aug 21$4.80$4.80$0.2024.00$270.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 47 found (avg debit $1.26, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$212.50Aug 7Aug 14$0.0796.8%38.3%
$270.00Aug 7Aug 14$0.1096.8%48.3%
$280.00Aug 7Aug 14$0.11118.6%59.1%
$260.00Aug 7Aug 14$0.1673.6%41.1%
$265.00Aug 7Aug 14$0.2285.4%49.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Aug 7Aug 14$0.06104.6%45.7%
$197.50Aug 14Aug 21$0.1154.0%43.3%
$192.50Aug 7Aug 21$0.15164.1%47.7%
$202.50Aug 7Aug 14$0.2096.9%50.3%
$207.50Aug 7Aug 14$0.2181.6%43.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 100 found (cheapest 1.78% of stock, avg 9.77%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$235.00Aug 7$1.35$2.80$4.15$230.85$239.151.78%
$232.50Aug 7$2.66$1.51$4.17$228.33$236.671.79%
$237.50Aug 7$0.66$4.50$5.16$232.34$242.662.21%
$230.00Aug 7$4.43$0.82$5.25$224.75$235.252.25%
$227.50Aug 7$6.18$0.33$6.51$220.99$234.012.79%
$240.00Aug 7$0.31$6.95$7.26$232.74$247.263.11%
$225.00Aug 7$8.63$0.15$8.78$216.22$233.783.76%
$232.50Aug 14$4.80$5.15$9.95$222.55$242.454.26%
$230.00Aug 14$6.18$4.20$10.38$219.62$240.384.45%
$235.00Aug 14$3.73$6.75$10.48$224.52$245.484.49%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.20% of stock, avg 3.74%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$242.50$227.50Aug 7$0.14$0.33$0.47$227.03$242.97
$240.00$227.50Aug 7$0.31$0.33$0.64$226.86$240.64
$247.50$227.50Aug 7$0.37$0.33$0.70$226.80$248.20
$242.50$230.00Aug 7$0.14$0.82$0.96$229.04$243.46
$237.50$227.50Aug 7$0.66$0.33$0.99$226.51$238.49
$240.00$230.00Aug 7$0.31$0.82$1.13$228.87$241.13
$247.50$230.00Aug 7$0.37$0.82$1.19$228.81$248.69
$242.50$190.00Aug 7$0.14$1.07$1.21$188.79$243.71
$242.50$187.50Aug 7$0.14$1.07$1.21$186.29$243.71
$240.00$190.00Aug 7$0.31$1.07$1.38$188.62$241.38

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 311 found (best R:R 19.83, avg credit $2.90)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
205/208220/222Aug 21$2.38$0.1219.83$205.12$222.38
200/205210/215Aug 28$4.76$0.2419.83$200.24$214.76
190/195200/205Sep 18$4.66$0.3413.71$190.34$204.66
225/230240/245Sep 11$4.63$0.3712.51$225.37$244.63
208/210220/222Aug 21$2.31$0.1912.16$207.69$222.31
230/235240/245Sep 11$4.61$0.3911.82$230.39$244.61
225/230235/240Sep 18$4.61$0.3911.82$225.39$239.61
218/220225/228Aug 14$2.30$0.2011.50$217.70$227.30
235/240245/250Sep 11$4.58$0.4210.90$235.42$249.58
195/200205/210Sep 18$4.57$0.4310.63$195.43$209.57

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 139 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$220.00$225.00$230.00Sep 4$0.05$4.9599.00
$255.00$260.00$265.00Aug 21$0.06$4.9482.33
$270.00$275.00$280.00Aug 21$0.07$4.9370.43
$245.00$250.00$255.00Sep 18$0.07$4.9370.43
$270.00$275.00$280.00Sep 18$0.07$4.9370.43
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$230.00$235.00$240.00Sep 18$0.05$4.9599.00
$225.00$230.00$235.00Sep 18$0.09$4.9154.56
$190.00$195.00$200.00Sep 18$0.11$4.8944.45
$215.00$217.50$220.00Aug 7$0.06$2.4440.67
$210.00$215.00$220.00Sep 4$0.13$4.8737.46

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 156 found (best net $-6.85, 143 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$265.00$275.001:2Sep 11-$0.21$9.79
$260.00$265.001:2Aug 7-$0.01$4.99
$265.00$270.001:2Aug 7-$0.01$4.99
$270.00$275.001:2Aug 7-$0.01$4.99
$275.00$280.001:2Aug 7-$0.01$4.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$270.00$250.001:2Sep 18-$6.85$13.15
$200.00$190.001:2Sep 11-$0.10$9.90
$250.00$240.001:2Aug 14-$1.71$8.29
$195.00$190.001:2Aug 14-$0.05$4.95
$205.00$200.001:2Aug 28-$0.15$4.85

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 57 found (best yield 4.69%, avg 1.25%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$235.00Sep 18$10.950.490.7%4.69%5.36%361729
$235.00Sep 11$9.550.490.7%4.09%4.76%16666
$240.00Sep 18$8.850.432.8%3.79%6.61%2191.4K
$235.00Sep 4$7.400.480.7%3.17%3.84%2766
$240.00Sep 11$7.400.422.8%3.17%5.98%320
$235.00Aug 28$6.850.460.7%2.93%3.61%31240
$245.00Sep 18$6.600.365.0%2.83%7.78%35747
$240.00Sep 4$5.800.402.8%2.48%5.30%771
$250.00Sep 18$5.700.317.1%2.44%9.54%4554.1K
$235.00Aug 21$5.400.450.7%2.31%2.99%4022.6K

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 33,356
Total Puts 13,757
Put/Call Ratio 0.41
Net Difference 19,599

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 385,199
Total Puts 147,076
Average Put/Call Ratio 0.41
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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