IBM - Options Database

IBM

IBM CORP

$252.11 +0.26%

$250.49 (-0.64%)🌙

as of 10/22 06:33 PM

(10/21 11:00) ◀

Thursday, October 22, 2026 (6:33pm)

▶ (10/23 18:30)

◀ 10/22 18:33 ▶

Option Volume

Detail

ℹ

Current (10/22) 107,434

Calls: 65,361 (61%)

Puts: 42,073 (39%)

Prior (10/20) 40,656

Calls: 27,079 (67%)

Puts: 13,577 (33%)

Current vs Prior +164.25%

Calls: +141.37% (Calls)

Puts: +209.88% (Puts)

Prior 7-Day Total 306,772

Calls: 199,995 (65%)

Puts: 106,777 (35%)

Prior 7-Day Average 43,824

Calls: 28,570 (65%)

Puts: 15,253 (35%)

Current vs Prior 7-Day Avg +145.15%

Calls: +128.77%

Puts: +175.82%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/22) $57.23M

Calls: $46.57M (81%)

Puts: $10.66M (19%)

Prior (10/20) $34.69M

Calls: $24.43M (70%)

Puts: $10.26M (30%)

Current vs Prior +64.96%

Calls: +90.58%

Puts: +3.94%

Prior 7-Day Total $180.90M

Calls: $115.01M (64%)

Puts: $65.88M (36%)

Prior 7-Day Average $25.84M

Calls: $16.43M (64%)

Puts: $9.41M (36%)

Current vs Prior 7-Day Avg +121.46%

Calls: +183.42%

Puts: +13.30%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/22) 0.64

Prior (10/20) 0.50

Current vs Prior +28.38%

Prior 7-Day Average 0.65

Current vs Prior 7-Day Avg -1.66%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/22) 427,062

Calls: 241,293 (57%)

Puts: 185,769 (43%)

Prior (10/20) 535,829

Calls: 297,088 (55%)

Puts: 238,741 (45%)

Current vs Prior -20.30%

Prior 7-Day Total 2,821,254

Calls: 1,652,014 (59%)

Puts: 1,169,240 (41%)

Prior 7-Day Average 403,036

Calls: 236,002 (59%)

Puts: 167,034 (41%)

Current vs Prior 7-Day Avg +5.96%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (10/23) | Next (10/30)Expiry (11/20) | Next (12/18)

Current 3.09% | 5.18%8.61% | 11.87%

Prior 7.80% | 8.76%10.51% | 13.15%

Current vs Prior -60.44% | -40.88%-18.08% | -9.74%

Prior 7-Day Avg 5.06% | 7.92%5.18% | 12.33%

Current vs 7-Day Avg -38.99% | -34.63%+66.27% | -3.73%

Prior 7-Day Eod 7.80% | 8.75%10.51% | 13.15%

Current vs 7-Day Eod -60.44% | -40.88%-18.08% | -9.74%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.99% | 8.08%

Calls: 3.23% | 8.53%

Puts: 6.74% | 7.64%

Prior 5.81% | 5.92%

Calls: 3.79% | 5.35%

Puts: 7.84% | 6.48%

Current vs Prior -14.11% | +36.49%

Prior 7-Day Avg 22.19% | 11.75%

Calls: 19.17% | 9.39%

Puts: 25.21% | 14.11%

Current vs 7-Day Avg -77.51% | -31.25%

Liquidity Acceptable

Add Card

🤖 AI Insights

Strong bullish conviction with 81% of dollar volume in calls ($46.57M) vs puts ($10.66M). Elevated premium activity with dollar volume up 65% vs prior. Dollar volume significantly above 7-day average (121% higher). Unusually high activity with volume up 164% vs prior - elevated interest.

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

🎯

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 47 of results (avg 8.1%, best 4.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Nov 20	6.25	6.55	$6.40	4.7%	513	0.38	2.6K
$205.00	Nov 20	46.60	49.25	$47.93	5.5%	3	0.97	253
$205.00	Oct 23	45.70	48.40	$47.05	5.7%	7	1.01	31
$215.00	Oct 23	36.10	38.40	$37.25	6.2%	3	1.00	112
$210.00	Oct 23	40.70	43.40	$42.05	6.4%	67	1.00	86

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$300.00	Oct 23	46.40	49.00	$47.70	5.5%	24	1.00	1
$300.00	Nov 6	46.45	49.45	$47.95	6.3%	1	1.00	--
$295.00	Oct 23	41.70	44.45	$43.08	6.4%	64	1.00	--
$287.50	Oct 30	34.05	36.65	$35.35	7.4%	1	1.00	--
$220.00	Nov 20	1.14	1.24	$1.19	8.4%	155	0.09	2.0K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.70, cheapest $0.71)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Oct 23	0.65	0.77	$0.71	16.9%	9.0K	0.17	2.2K
$275.00	Oct 30	0.55	0.67	$0.61	19.7%	212	0.09	404
$295.00	Nov 20	0.74	0.84	$0.79	12.7%	49	0.07	463

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 114 found (avg delta 0.81, highest 1.01)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$205.00	Oct 23	45.70	48.40	$47.05	5.7%	7	1.01	31
$210.00	Oct 23	40.70	43.40	$42.05	6.4%	67	1.00	86
$215.00	Oct 23	36.10	38.40	$37.25	6.2%	3	1.00	112
$220.00	Oct 23	30.70	33.75	$32.23	9.5%	10	1.00	145
$212.50	Oct 23	38.10	40.90	$39.50	7.1%	2	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Oct 23	7.55	9.85	$8.70	26.4%	130	1.00	28
$262.50	Oct 23	9.55	12.30	$10.93	25.2%	7	1.00	--
$265.00	Oct 23	11.85	14.55	$13.20	20.5%	5	1.00	16
$267.50	Oct 23	14.05	16.95	$15.50	18.7%	1	1.00	1
$282.50	Oct 23	28.95	31.95	$30.45	9.9%	11	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 303 active (total vol 89.3K, top 9.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Oct 23	0.65	0.77	$0.71	16.9%	9.0K	0.17	2.2K
$250.00	Oct 23	4.15	4.65	$4.40	11.4%	4.5K	0.63	2.3K
$255.00	Oct 23	1.82	2.10	$1.96	14.3%	3.3K	0.37	1.3K
$270.00	Oct 23	0.07	0.10	$0.09	33.3%	2.9K	0.03	2.0K
$252.50	Oct 23	2.85	3.30	$3.08	14.6%	2.7K	0.50	428

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Oct 23	0.05	0.11	$0.08	75.0%	4.6K	0.02	1.5K
$240.00	Oct 23	0.18	0.29	$0.24	45.8%	3.2K	0.07	1.4K
$230.00	Oct 23	0.00	0.07	$0.04	175.0%	2.8K	0.01	1.1K
$225.00	Oct 23	0.02	0.05	$0.04	75.0%	2.8K	0.01	2.4K
$220.00	Oct 23	0.01	0.04	$0.03	100.0%	1.7K	0.01	2.8K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 79.0%, max 88.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$245.00	Oct 23	Dec 4	63.8%	33.9%	88.2%	1.3K	1.7K
$260.00	Oct 23	Dec 4	62.7%	33.7%	85.9%	9.0K	2.2K
$250.00	Oct 23	Dec 4	60.2%	32.7%	84.1%	4.5K	2.3K
$247.50	Oct 23	Nov 20	62.4%	34.6%	80.1%	705	1.4K
$252.50	Oct 23	Nov 20	63.4%	35.9%	76.8%	2.8K	524

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$245.00	Oct 23	Dec 4	63.8%	33.9%	88.2%	1.4K	1.4K
$250.00	Oct 23	Dec 4	60.2%	32.7%	84.1%	1.3K	298
$247.50	Oct 23	Nov 20	62.4%	34.6%	80.1%	704	258
$252.50	Oct 23	Nov 20	63.4%	35.9%	76.8%	102	72
$255.00	Oct 23	Nov 20	62.2%	36.7%	69.2%	64	814

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 161 found (best R:R 3.03, avg 6.24)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$250.00	$252.50	Nov 6	$0.62	$1.88	$0.62	56%	3.03	$250.62
$262.50	$265.00	Nov 6	$0.11	$2.39	$0.11	31%	21.73	$262.61
$242.50	$245.00	Oct 30	$1.25	$1.25	$1.25	76%	1.00	$243.75
$275.00	$280.00	Dec 4	$0.52	$4.48	$0.52	24%	8.62	$275.52
$265.00	$270.00	Nov 13	$0.69	$4.31	$0.69	28%	6.25	$265.69

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$252.50	$250.00	Oct 30	$0.62	$1.88	$0.62	51%	3.03	$251.88
$262.50	$260.00	Oct 30	$1.43	$1.07	$1.43	78%	0.75	$261.07
$245.00	$242.50	Nov 6	$0.56	$1.94	$0.56	35%	3.46	$244.44
$255.00	$252.50	Oct 23	$1.42	$1.08	$1.42	73%	0.76	$253.58
$260.00	$257.50	Oct 30	$1.57	$0.93	$1.57	72%	0.59	$258.43

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 129 found (best R:R 0.87, avg 0.31)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$255.00	$260.00	Dec 4	$2.68	$2.68	$2.32	53%	1.16	$257.68
$267.50	$270.00	Nov 6	$0.93	$0.93	$1.57	75%	0.59	$268.43
$260.00	$265.00	Nov 13	$1.90	$1.90	$3.10	63%	0.61	$261.90
$270.00	$275.00	Nov 20	$1.23	$1.23	$3.77	75%	0.33	$271.23
$270.00	$275.00	Nov 13	$1.10	$1.10	$3.90	77%	0.28	$271.10

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$245.00	$240.00	Dec 4	$2.32	$2.32	$2.68	60%	0.87	$242.68
$225.00	$220.00	Dec 4	$1.23	$1.23	$3.77	82%	0.33	$223.77
$250.00	$245.00	Nov 27	$2.69	$2.69	$2.31	52%	1.16	$247.31
$245.00	$240.00	Nov 13	$2.03	$2.03	$2.97	62%	0.68	$242.97
$207.50	$205.00	Oct 30	$0.35	$0.35	$2.15	96%	0.16	$207.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $2.82, cheapest $2.27)

CALLS (3)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$252.50	Oct 23	Oct 30	$2.97	63.4%	42.0%
$255.00	Oct 23	Oct 30	$2.92	62.2%	41.6%
$250.00	Oct 23	Oct 30	$3.00	60.2%	40.7%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$252.50	Oct 23	Oct 30	$2.27	63.4%	42.0%
$250.00	Oct 23	Oct 30	$2.95	60.2%	40.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 77 found (cheapest 2.56% of stock, avg 7.32%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$252.50	Oct 23	$3.08	$3.38	$6.46	$246.04	$258.96	2.56%
$250.00	Oct 23	$4.40	$2.08	$6.48	$243.52	$256.48	2.57%
$255.00	Oct 23	$1.96	$4.80	$6.76	$248.24	$261.76	2.68%
$247.50	Oct 23	$6.25	$1.31	$7.56	$239.94	$255.06	3.00%
$257.50	Oct 23	$1.22	$6.75	$7.97	$249.53	$265.47	3.16%
$245.00	Oct 23	$8.15	$0.77	$8.92	$236.08	$253.92	3.54%
$260.00	Oct 23	$0.71	$8.70	$9.41	$250.59	$269.41	3.73%
$242.50	Oct 23	$10.27	$0.43	$10.70	$231.80	$253.20	4.24%
$262.50	Oct 23	$0.43	$10.93	$11.36	$251.14	$273.86	4.51%
$252.50	Oct 30	$6.05	$5.65	$11.70	$240.80	$264.20	4.64%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.19% of stock, avg 3.75%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$265.00	$240.00	Oct 23	$0.25	$0.24	$0.49	$239.51	$265.49
$265.00	$242.50	Oct 23	$0.25	$0.43	$0.68	$241.82	$265.68
$262.50	$240.00	Oct 23	$0.43	$0.24	$0.67	$239.33	$263.17
$262.50	$242.50	Oct 23	$0.43	$0.43	$0.86	$241.64	$263.36
$260.00	$240.00	Oct 23	$0.71	$0.24	$0.95	$239.05	$260.95
$265.00	$245.00	Oct 23	$0.25	$0.77	$1.02	$243.98	$266.02
$260.00	$242.50	Oct 23	$0.71	$0.43	$1.14	$241.36	$261.14
$262.50	$245.00	Oct 23	$0.43	$0.77	$1.20	$243.80	$263.70
$260.00	$245.00	Oct 23	$0.71	$0.77	$1.48	$243.52	$261.48
$257.50	$240.00	Oct 23	$1.22	$0.24	$1.46	$238.54	$258.96

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 298 found (best R:R 2.57, avg credit $1.05)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
238/240	268/270	Nov 6	$1.80	$0.70	49%	2.57	$238.20	$269.30
222/225	268/270	Nov 6	$1.22	$1.28	68%	0.95	$223.78	$268.72
228/230	268/270	Nov 6	$1.31	$1.19	63%	1.10	$228.69	$268.81
208/210	268/270	Nov 6	$1.06	$1.44	73%	0.74	$208.94	$268.56
232/235	268/270	Nov 6	$1.41	$1.09	58%	1.29	$233.59	$268.91
235/238	268/270	Nov 6	$1.44	$1.06	54%	1.36	$236.06	$268.94
240/242	268/270	Nov 6	$1.64	$0.86	45%	1.91	$240.86	$269.14
225/228	268/270	Nov 6	$1.04	$1.46	66%	0.71	$226.46	$268.54
205/208	270/272	Oct 30	$0.63	$1.87	83%	0.34	$206.87	$270.63
205/208	260/262	Oct 30	$1.06	$1.44	65%	0.74	$206.44	$261.06

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 152 found (best R:R 20.28, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$265.00	$270.00	$275.00	Nov 27	$0.06	$4.94	12%	82.33
$245.00	$247.50	$250.00	Oct 23	$0.05	$2.45	20%	49.00
$250.00	$255.00	$260.00	Nov 13	$0.22	$4.78	16%	21.73
$240.00	$245.00	$250.00	Nov 13	$0.28	$4.72	18%	16.86
$270.00	$275.00	$280.00	Nov 6	$0.07	$4.93	10%	70.43

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$270.00	$280.00	$290.00	Nov 20	$0.47	$9.53	16%	20.28
$240.00	$245.00	$250.00	Nov 13	$0.15	$4.85	18%	32.33
$250.00	$252.50	$255.00	Oct 23	$0.12	$2.38	32%	19.83
$235.00	$240.00	$245.00	Nov 27	$0.22	$4.78	14%	21.73
$230.00	$235.00	$240.00	Nov 27	$0.20	$4.80	12%	24.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 165 found (best net $-0.55, 154 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$257.50	$260.00	1:2	Oct 23	-$0.20	$2.30
$255.00	$257.50	1:2	Oct 23	-$0.48	$2.02
$252.50	$255.00	1:2	Oct 23	-$0.84	$1.66
$275.00	$280.00	1:2	Nov 6	-$0.36	$4.64
$260.00	$262.50	1:2	Oct 23	-$0.15	$2.35

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$282.50	$267.50	1:2	Oct 23	-$0.55	$14.45
$260.00	$250.00	1:2	Nov 13	-$2.53	$7.47
$287.50	$275.00	1:2	Oct 30	-$11.05	$1.45
$262.50	$255.00	1:2	Nov 6	-$4.03	$3.47
$260.00	$250.00	1:2	Nov 27	-$4.74	$5.26

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 66 found (best yield 3.87%, avg 1.12%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$255.00	Dec 4	$9.75	0.47	1.1%	3.87%	5.01%	26	--
$265.00	Dec 4	$5.65	0.34	5.1%	2.24%	7.35%	20	--
$265.00	Nov 27	$5.30	0.33	5.1%	2.10%	7.22%	13	85
$255.00	Nov 20	$8.20	0.46	1.1%	3.25%	4.40%	236	1.8K
$255.00	Nov 27	$8.15	0.45	1.1%	3.23%	4.38%	117	23
$260.00	Nov 20	$6.25	0.38	3.1%	2.48%	5.61%	513	2.6K
$260.00	Nov 27	$6.10	0.39	3.1%	2.42%	5.55%	8	68
$252.50	Nov 20	$8.95	0.50	0.1%	3.55%	3.70%	103	96
$260.00	Dec 4	$5.95	0.40	3.1%	2.36%	5.49%	29	--
$265.00	Nov 20	$4.65	0.31	5.1%	1.84%	6.96%	631	1.4K

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 65,361

Total Puts 42,073

Put/Call Ratio 0.64

Net Difference 23,288

Prior's Put/Call Breakdown

Total Calls 27,079

Total Puts 13,577

Put/Call Ratio 0.50

Net Difference 13,502

Prior 7-Day Put/Call Summary

Total Calls 199,995

Total Puts 106,777

Average Put/Call Ratio 0.65

Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
Loading data...

Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 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

Add Card