IBM - Options Database

IBM

IBM CORP

$253.56 +0.58%

$253.06 (-0.20%)🌙

as of 10/23 06:30 PM

(10/22 18:33) ◀

Friday, October 23, 2026 (6:30pm)

▶ (10/26 18:32)

◀ 10/23 18:30 ▶

Option Volume

Detail

ℹ

Current (10/23) 77,802

Calls: 50,924 (65%)

Puts: 26,878 (35%)

Prior (10/22) 107,434

Calls: 65,361 (61%)

Puts: 42,073 (39%)

Current vs Prior -27.58%

Calls: -22.09% (Calls)

Puts: -36.12% (Puts)

Prior 7-Day Total 326,053

Calls: 196,416 (60%)

Puts: 129,637 (40%)

Prior 7-Day Average 46,579

Calls: 28,059 (60%)

Puts: 18,519 (40%)

Current vs Prior 7-Day Avg +67.03%

Calls: +81.49%

Puts: +45.13%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/23) $38.67M

Calls: $29.80M (77%)

Puts: $8.87M (23%)

Prior (10/22) $57.23M

Calls: $46.57M (81%)

Puts: $10.66M (19%)

Current vs Prior -32.43%

Calls: -36.00%

Puts: -16.87%

Prior 7-Day Total $190.85M

Calls: $131.11M (69%)

Puts: $59.74M (31%)

Prior 7-Day Average $27.26M

Calls: $18.73M (69%)

Puts: $8.53M (31%)

Current vs Prior 7-Day Avg +41.83%

Calls: +59.12%

Puts: +3.89%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/23) 0.53

Prior (10/22) 0.64

Current vs Prior -18.00%

Prior 7-Day Average 0.71

Current vs Prior 7-Day Avg -25.31%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (10/23) 426,987

Calls: 251,900 (59%)

Puts: 175,087 (41%)

Prior (10/22) 427,062

Calls: 241,293 (57%)

Puts: 185,769 (43%)

Current vs Prior -0.02%

Prior 7-Day Total 2,847,729

Calls: 1,656,533 (58%)

Puts: 1,191,196 (42%)

Prior 7-Day Average 406,818

Calls: 236,647 (58%)

Puts: 170,170 (42%)

Current vs Prior 7-Day Avg +4.96%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 1.06% | 4.61%8.36% | 11.76%

Prior 3.09% | 5.18%8.61% | 11.87%

Current vs Prior +49.27% | +15.43%-2.91% | -0.90%

Prior 7-Day Avg 5.19% | 8.07%5.82% | 12.23%

Current vs 7-Day Avg -11.19% | -25.95%+43.68% | -3.77%

Prior 7-Day Eod 3.09% | 5.18%8.61% | 11.87%

Current vs 7-Day Eod +49.27% | +15.43%-2.91% | -0.90%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.99% | 8.08%

Calls: 3.23% | 8.53%

Puts: 6.74% | 7.64%

Prior 4.99% | 8.08%

Calls: 3.23% | 8.53%

Puts: 6.74% | 7.64%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 18.88% | 11.03%

Calls: 16.15% | 9.10%

Puts: 21.61% | 12.96%

Current vs 7-Day Avg -73.58% | -26.77%

Liquidity Acceptable

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🤖 AI Insights

Strong bullish conviction with 77% of dollar volume in calls ($29.80M) vs puts ($8.87M). Bullish P/C ratio of 0.53.

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

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🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 41 of results (avg 7.7%, best 4.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Nov 20	17.35	18.15	$17.75	4.5%	29	0.72	3.3K
$215.00	Nov 20	38.00	40.10	$39.05	5.4%	8	0.94	443
$210.00	Nov 20	42.85	45.30	$44.08	5.6%	7	0.95	398
$210.00	Oct 23	42.20	44.90	$43.55	6.2%	1	1.00	59
$240.00	Oct 23	13.25	14.10	$13.68	6.2%	210	1.00	2.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$280.00	Nov 27	28.65	30.95	$29.80	7.7%	1	0.82	--
$287.50	Oct 23	32.65	35.40	$34.03	8.1%	1	0.91	--
$240.00	Nov 20	4.40	4.80	$4.60	8.7%	72	0.28	931
$282.50	Oct 23	27.80	30.45	$29.13	9.1%	1	1.00	--
$280.00	Nov 20	27.95	30.65	$29.30	9.2%	1	0.84	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 7 found (avg $0.64, cheapest $0.52)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$272.50	Oct 30	0.48	0.57	$0.52	17.3%	109	0.09	163
$275.00	Oct 30	0.39	0.43	$0.41	9.8%	943	0.07	422
$270.00	Oct 30	0.70	0.75	$0.73	6.8%	1.0K	0.12	946
$300.00	Nov 20	0.50	0.55	$0.53	9.4%	140	0.05	3.1K
$295.00	Nov 20	0.65	0.77	$0.71	16.9%	19	0.07	457

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$237.50	Oct 30	0.58	0.68	$0.63	15.9%	35	0.10	192

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 100 found (avg delta 0.83, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$215.00	Oct 23	37.20	39.90	$38.55	7.0%	53	1.00	113
$220.00	Oct 23	32.25	34.90	$33.58	7.9%	20	1.00	140
$222.50	Oct 23	29.50	32.50	$31.00	9.7%	1	1.00	--
$227.50	Oct 23	24.70	27.40	$26.05	10.4%	1	1.00	--
$230.00	Oct 23	22.20	24.75	$23.48	10.9%	129	1.00	661

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Oct 23	0.75	1.83	$1.29	83.7%	154	1.00	48
$257.50	Oct 23	2.93	4.25	$3.59	36.8%	7	1.00	57
$260.00	Oct 23	5.40	6.90	$6.15	24.4%	24	1.00	59
$265.00	Oct 23	10.10	12.65	$11.38	22.4%	9	1.00	20
$267.50	Oct 23	12.20	15.45	$13.83	23.5%	8	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 285 active (total vol 60.9K, top 8.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Oct 23	0.02	0.05	$0.04	75.0%	8.6K	0.09	2.0K
$260.00	Oct 23	0.00	0.01	$0.01	100.0%	3.7K	0.01	3.3K
$250.00	Oct 23	3.30	4.00	$3.65	19.2%	2.9K	0.99	2.6K
$252.50	Oct 23	0.84	1.94	$1.39	79.1%	2.8K	0.92	879
$257.50	Oct 23	0.00	0.01	$0.01	100.0%	2.0K	0.01	943

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$247.50	Oct 23	0.00	0.21	$0.11	190.9%	3.7K	0.06	554
$240.00	Oct 23	0.00	0.01	$0.01	100.0%	3.1K	0.00	3.6K
$250.00	Oct 23	0.00	0.01	$0.01	100.0%	1.4K	0.01	416
$245.00	Oct 23	0.00	0.01	$0.01	100.0%	941	0.01	1.3K
$257.50	Oct 30	5.85	8.50	$7.18	36.9%	818	0.62	23

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 142 found (best R:R 3.07, avg 6.42)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$255.00	$260.00	Dec 4	$1.23	$3.77	$1.23	47%	3.07	$256.23
$260.00	$265.00	Nov 27	$1.32	$3.68	$1.32	40%	2.79	$261.32
$247.50	$250.00	Nov 6	$1.07	$1.43	$1.07	65%	1.34	$248.57
$270.00	$275.00	Dec 4	$0.88	$4.12	$0.88	29%	4.68	$270.88
$255.00	$260.00	Nov 27	$1.82	$3.18	$1.82	47%	1.75	$256.82

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$255.00	$252.50	Nov 6	$0.87	$1.63	$0.87	52%	1.87	$254.13
$235.00	$230.00	Nov 13	$0.43	$4.57	$0.43	18%	10.63	$234.57
$235.00	$230.00	Dec 4	$0.80	$4.20	$0.80	26%	5.25	$234.20
$247.50	$245.00	Nov 6	$0.59	$1.91	$0.59	35%	3.24	$246.91
$257.50	$255.00	Oct 30	$1.25	$1.25	$1.25	62%	1.00	$256.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 113 found (best R:R 0.31, avg 0.31)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$265.00	$270.00	Nov 27	$1.93	$1.93	$3.07	66%	0.63	$266.93
$255.00	$260.00	Nov 13	$2.40	$2.40	$2.60	53%	0.92	$257.40
$280.00	$290.00	Nov 13	$0.80	$0.80	$9.20	88%	0.09	$280.80
$297.50	$300.00	Oct 30	$0.22	$0.22	$2.28	97%	0.10	$297.72
$260.00	$265.00	Dec 4	$2.05	$2.05	$2.95	59%	0.69	$262.05

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$225.00	$220.00	Dec 4	$1.18	$1.18	$3.82	83%	0.31	$223.82
$245.00	$240.00	Nov 27	$2.18	$2.18	$2.82	62%	0.77	$242.82
$240.00	$235.00	Nov 13	$1.52	$1.52	$3.48	74%	0.44	$238.48
$245.00	$240.00	Dec 4	$2.08	$2.08	$2.92	62%	0.71	$242.92
$235.00	$230.00	Nov 27	$1.30	$1.30	$3.70	76%	0.35	$233.70

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 73 found (cheapest 0.52% of stock, avg 6.94%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$255.00	Oct 23	$0.04	$1.29	$1.33	$253.67	$256.33	0.52%
$252.50	Oct 23	$1.39	$0.04	$1.43	$251.07	$253.93	0.56%
$257.50	Oct 23	$0.01	$3.59	$3.60	$253.90	$261.10	1.42%
$250.00	Oct 23	$3.65	$0.01	$3.66	$246.34	$253.66	1.44%
$260.00	Oct 23	$0.01	$6.15	$6.16	$253.84	$266.16	2.43%
$247.50	Oct 23	$6.23	$0.11	$6.34	$241.16	$253.84	2.50%
$245.00	Oct 23	$8.80	$0.01	$8.81	$236.19	$253.81	3.47%
$252.50	Oct 30	$5.75	$4.60	$10.35	$242.15	$262.85	4.08%
$255.00	Oct 30	$4.53	$5.93	$10.46	$244.54	$265.46	4.13%
$250.00	Oct 30	$7.13	$3.45	$10.58	$239.42	$260.58	4.17%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 152 found (cheapest 0.03% of stock, avg 3.97%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$255.00	$252.50	Oct 23	$0.04	$0.04	$0.08	$252.42	$255.08
$255.00	$247.50	Oct 23	$0.04	$0.11	$0.15	$247.35	$255.15
$265.00	$242.50	Oct 30	$1.36	$1.35	$2.71	$239.79	$267.71
$265.00	$245.00	Oct 30	$1.36	$1.83	$3.19	$241.81	$268.19
$262.50	$242.50	Oct 30	$1.89	$1.35	$3.24	$239.26	$265.74
$275.00	$230.00	Nov 13	$1.88	$1.76	$3.64	$226.36	$278.64
$262.50	$245.00	Oct 30	$1.89	$1.83	$3.72	$241.28	$266.22
$275.00	$235.00	Nov 13	$1.88	$2.19	$4.07	$230.93	$279.07
$265.00	$247.50	Oct 30	$1.36	$2.53	$3.89	$243.61	$268.89
$260.00	$242.50	Oct 30	$2.54	$1.35	$3.89	$238.61	$263.89

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 289 found (best R:R 0.23, avg credit $1.11)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
205/208	298/300	Oct 30	$0.47	$2.03	94%	0.23	$207.03	$297.97
230/235	265/270	Nov 27	$3.23	$1.77	42%	1.82	$231.77	$268.23
220/225	265/270	Dec 4	$2.85	$2.15	48%	1.33	$222.15	$267.85
240/242	265/268	Nov 6	$1.62	$0.88	46%	1.84	$240.88	$266.62
210/212	265/268	Nov 6	$1.02	$1.48	69%	0.69	$211.48	$266.02
220/225	265/270	Nov 27	$2.64	$2.36	52%	1.12	$222.36	$267.64
210/212	298/300	Oct 30	$0.34	$2.16	95%	0.16	$212.16	$297.84
238/240	265/268	Nov 6	$1.43	$1.07	51%	1.34	$238.57	$266.43
240/242	262/265	Nov 6	$1.68	$0.82	41%	2.05	$240.82	$264.18
220/225	285/290	Dec 4	$1.79	$3.21	68%	0.56	$223.21	$286.79

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 126 found (best R:R 1.75, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$250.00	$252.50	$255.00	Oct 23	$0.91	$1.59	91%	1.75
$230.00	$240.00	$250.00	Dec 4	$0.86	$9.14	26%	10.63
$252.50	$255.00	$257.50	Oct 23	$1.32	$1.18	92%	0.89
$250.00	$255.00	$260.00	Nov 13	$0.10	$4.90	18%	49.00
$240.00	$245.00	$250.00	Nov 27	$0.15	$4.85	16%	32.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$250.00	$252.50	$255.00	Oct 23	$1.22	$1.28	99%	1.05
$252.50	$255.00	$257.50	Oct 23	$1.05	$1.45	89%	1.38
$260.00	$265.00	$270.00	Oct 30	$0.12	$4.88	21%	40.67
$250.00	$265.00	$280.00	Nov 27	$3.12	$11.88	37%	3.81
$230.00	$235.00	$240.00	Nov 27	$0.07	$4.93	12%	70.43

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 168 found (best net $-0.88, 149 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$225.00	$240.00	1:2	Nov 27	-$5.91	$9.09
$247.50	$250.00	1:2	Oct 23	-$1.07	$1.43
$290.00	$300.00	1:2	Nov 13	-$0.17	$9.83
$275.00	$280.00	1:2	Nov 6	-$0.25	$4.75
$285.00	$290.00	1:2	Nov 6	-$0.08	$4.92

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$265.00	$250.00	1:2	Nov 27	-$0.88	$14.12
$280.00	$265.00	1:2	Nov 27	-$6.36	$8.64
$265.00	$260.00	1:2	Oct 23	-$0.92	$4.08
$270.00	$260.00	1:2	Nov 6	-$3.19	$6.81
$260.00	$257.50	1:2	Oct 23	-$1.03	$1.47

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 53 found (best yield 2.84%, avg 1.18%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$260.00	Dec 4	$7.20	0.41	2.5%	2.84%	5.38%	5	29
$260.00	Nov 27	$7.10	0.40	2.5%	2.80%	5.34%	6	70
$255.00	Dec 4	$8.75	0.47	0.6%	3.45%	4.02%	6	16
$255.00	Nov 27	$8.65	0.47	0.6%	3.41%	3.98%	32	59
$265.00	Nov 27	$5.25	0.34	4.5%	2.07%	6.58%	67	90
$255.00	Nov 20	$8.30	0.48	0.6%	3.27%	3.84%	252	1.7K
$260.00	Nov 20	$6.35	0.40	2.5%	2.50%	5.04%	271	2.6K
$265.00	Dec 4	$4.85	0.35	4.5%	1.91%	6.42%	36	17
$275.00	Dec 4	$3.35	0.24	8.5%	1.32%	9.78%	36	6
$270.00	Nov 27	$3.95	0.27	6.5%	1.56%	8.04%	12	26

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 50,924

Total Puts 26,878

Put/Call Ratio 0.53

Net Difference 24,046

Prior's Put/Call Breakdown

Total Calls 65,361

Total Puts 42,073

Put/Call Ratio 0.64

Net Difference 23,288

Prior 7-Day Put/Call Summary

Total Calls 196,416

Total Puts 129,637

Average Put/Call Ratio 0.71

Ratio Trend Falling

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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