Tour v536
IBM
IBM CORP
$254.32 +1.71%
$254.38 (+0.02%)🌙
as of 11/04 06:37 PM
(11/3 18:35) ◀
|
Wednesday, November 4, 2026 (6:37pm)
January 2026
|
▶ (11/5 18:34)
◀ 11/4 18:37 ▶

Option Volume

Detail
ℹ
Current (11/04) 26,030
Calls: 18,415 (71%)
Puts: 7,615 (29%)
Prior (11/03) 23,988
Calls: 15,513 (65%)
Puts: 8,475 (35%)
Current vs Prior +8.51%
Calls: +18.71% (Calls)
Puts: -10.15% (Puts)
Prior 7-Day Total 232,104
Calls: 159,038 (69%)
Puts: 73,066 (31%)
Prior 7-Day Average 33,157
Calls: 22,719 (69%)
Puts: 10,438 (31%)
Current vs Prior 7-Day Avg -21.50%
Calls: -18.95%
Puts: -27.05%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (11/04) $31.73M
Calls: $27.74M (87%)
Puts: $4.00M (13%)
Prior (11/03) $22.96M
Calls: $19.26M (84%)
Puts: $3.70M (16%)
Current vs Prior +38.21%
Calls: +44.02%
Puts: +8.00%
Prior 7-Day Total $165.97M
Calls: $122.61M (74%)
Puts: $43.36M (26%)
Prior 7-Day Average $23.71M
Calls: $17.52M (74%)
Puts: $6.19M (26%)
Current vs Prior 7-Day Avg +33.84%
Calls: +58.36%
Puts: -35.50%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (11/04) 0.41
Prior (11/03) 0.55
Current vs Prior -24.31%
Prior 7-Day Average 0.47
Current vs Prior 7-Day Avg -11.70%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (11/04) 328,196
Calls: 189,951 (58%)
Puts: 138,245 (42%)
Prior (11/03) 319,977
Calls: 178,777 (56%)
Puts: 141,200 (44%)
Current vs Prior +2.57%
Prior 7-Day Total 2,389,599
Calls: 1,402,324 (59%)
Puts: 987,275 (41%)
Prior 7-Day Average 341,371
Calls: 200,332 (59%)
Puts: 141,039 (41%)
Current vs Prior 7-Day Avg -3.86%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (11/06) | Next (11/13)Expiry (11/20) | Next (12/18)
Current 2.92% | 5.04%6.38% | 10.38%
Prior 3.83% | 5.80%7.20% | 11.18%
Current vs Prior -23.75% | -13.01%-11.35% | -7.14%
Prior 7-Day Avg 3.57% | 5.45%7.46% | 11.06%
Current vs 7-Day Avg -18.11% | -7.35%-14.45% | -6.15%
Prior 7-Day Eod 3.83% | 5.80%7.20% | 11.18%
Current vs 7-Day Eod -23.75% | -13.01%-11.35% | -7.14%
Sentiment BULLISHBULLISH

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 4.99% | 8.08%
Calls: 3.23% | 8.53%
Puts: 6.74% | 7.64%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Acceptable
+
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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($27.74M) vs puts ($4.00M). Extreme bullish P/C ratio of 0.41 - heavy call buying (18,415 calls vs 7,615 puts). P/C ratio dropping 24% - sentiment shifting bullish.

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 36 of results (avg 7.1%, best 3.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Nov 646.4548.15$47.303.6%940.942
$205.00Dec 1848.9551.00$49.984.1%10.95147
$250.00Dec 1813.9014.60$14.254.9%390.572.6K
$225.00Nov 2029.5031.05$30.285.1%100.98583
$270.00Dec 185.706.00$5.855.1%1130.322.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$305.00Nov 649.4051.55$50.474.3%40.92--
$295.00Nov 639.4041.60$40.505.4%21.00--
$300.00Nov 643.7046.90$45.307.1%21.00--
$280.00Dec 1828.3030.55$29.437.6%10.78504
$255.00Nov 207.958.60$8.287.9%1010.532.3K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.62, cheapest $0.33)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$265.00Nov 60.300.36$0.3318.2%4700.091.5K
$280.00Nov 200.740.83$0.7811.5%3490.092.4K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$205.00Dec 180.670.80$0.7417.6%160.05384

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 75 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$215.00Nov 1338.6541.45$40.057.0%61.00--
$225.00Nov 1328.0031.60$29.8012.1%61.00--
$210.00Nov 2043.2045.85$44.536.0%21.00392
$220.00Nov 2033.7535.80$34.785.9%91.00--
$220.00Nov 633.2035.70$34.457.3%11.0089
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$295.00Nov 639.4041.60$40.505.4%21.00--
$300.00Nov 643.7046.90$45.307.1%21.00--
$270.00Nov 614.4517.30$15.8817.9%40.976
$267.50Nov 612.0514.30$13.1817.1%20.9587
$305.00Nov 649.4051.55$50.474.3%40.92--

Most actively traded options today. High liquidity = easy entry/exit. 229 active (total vol 17.5K, top 975)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Nov 60.961.15$1.0617.9%9750.241.3K
$270.00Nov 60.100.13$0.1225.0%8770.041.3K
$280.00Nov 60.020.09$0.06116.7%7640.01823
$255.00Nov 62.533.15$2.8421.8%6370.481.2K
$275.00Nov 60.010.05$0.03133.3%6350.01661
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Nov 60.040.08$0.0666.7%5240.02400
$250.00Nov 61.161.37$1.2716.5%4980.27489
$255.00Nov 62.953.50$3.2317.0%2890.52347
$240.00Nov 131.321.55$1.4416.0%2790.17193
$245.00Nov 60.320.52$0.4247.6%2200.11379

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 17.9%, max 21.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$250.00Nov 6Dec 1841.5%34.1%21.8%1373.0K
$247.50Nov 6Nov 2042.2%34.7%21.7%61172
$252.50Nov 6Nov 2040.4%34.2%18.1%715933
$255.00Nov 6Dec 1841.7%35.6%17.1%7024.0K
$260.00Nov 6Dec 1840.9%35.0%16.8%1.4K3.2K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$250.00Nov 6Dec 1841.5%34.1%21.8%6224.0K
$247.50Nov 6Nov 2042.2%34.7%21.7%136543
$252.50Nov 6Nov 2040.4%34.2%18.1%1771.0K
$255.00Nov 6Dec 1841.7%35.6%17.1%442957
$260.00Nov 6Dec 1840.9%35.0%16.8%331.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 137 found (best R:R 0.86, avg 6.84)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$245.00$255.00Dec 11$5.37$4.63$5.3764%0.86$250.37
$290.00$295.00Dec 11$0.22$4.78$0.2212%21.73$290.22
$270.00$280.00Dec 11$1.84$8.16$1.8429%4.43$271.84
$250.00$252.50Nov 13$1.15$1.35$1.1561%1.17$251.15
$255.00$260.00Nov 27$1.90$3.10$1.9048%1.63$256.90
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$255.00$250.00Dec 18$1.90$3.10$1.9049%1.63$253.10
$257.50$255.00Nov 13$1.12$1.38$1.1261%1.23$256.38
$265.00$260.00Nov 27$3.02$1.98$3.0269%0.66$261.98
$255.00$250.00Dec 11$2.13$2.87$2.1350%1.35$252.87
$252.50$250.00Nov 20$0.97$1.53$0.9747%1.58$251.53

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 108 found (best R:R 0.60, avg 0.30)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$260.00$270.00Dec 11$3.73$3.73$6.2757%0.59$263.73
$260.00$265.00Nov 27$1.85$1.85$3.1561%0.59$261.85
$255.00$257.50Nov 13$1.22$1.22$1.2854%0.95$256.22
$275.00$280.00Dec 4$0.95$0.95$4.0579%0.23$275.95
$255.00$260.00Dec 11$2.40$2.40$2.6050%0.92$257.40
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$240.00$235.00Dec 11$1.87$1.87$3.1370%0.60$238.13
$235.00$215.00Dec 11$2.56$2.56$17.4477%0.15$232.44
$250.00$245.00Dec 18$2.27$2.27$2.7357%0.83$247.73
$250.00$245.00Dec 4$2.20$2.20$2.8057%0.79$247.80
$245.00$240.00Dec 4$1.75$1.75$3.2565%0.54$243.25

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.66, cheapest $1.99)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$257.50Nov 6Nov 13$1.9940.8%35.6%
$255.00Nov 6Nov 13$2.1341.7%36.9%
$252.50Nov 6Nov 13$2.0040.4%36.3%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$257.50Nov 6Nov 13$3.0340.8%35.6%
$255.00Nov 6Nov 13$3.4041.7%36.9%
$252.50Nov 6Nov 13$3.4040.4%36.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 57 found (cheapest 2.39% of stock, avg 6.95%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$255.00Nov 6$2.84$3.23$6.07$248.93$261.072.39%
$252.50Nov 6$4.20$2.03$6.23$246.27$258.732.45%
$257.50Nov 6$1.76$4.72$6.48$251.02$263.982.55%
$250.00Nov 6$5.98$1.27$7.25$242.75$257.252.85%
$260.00Nov 6$1.06$6.40$7.46$252.54$267.462.93%
$247.50Nov 6$7.85$0.74$8.59$238.91$256.093.38%
$262.50Nov 6$0.58$8.32$8.90$253.60$271.403.50%
$245.00Nov 6$10.15$0.42$10.57$234.43$255.574.16%
$265.00Nov 6$0.33$10.80$11.13$253.87$276.134.38%
$257.50Nov 13$3.75$7.75$11.50$246.00$269.004.52%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.22% of stock, avg 3.46%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$265.00$242.50Nov 6$0.33$0.24$0.57$241.93$265.57
$265.00$245.00Nov 6$0.33$0.42$0.75$244.25$265.75
$262.50$242.50Nov 6$0.58$0.24$0.82$241.68$263.32
$262.50$245.00Nov 6$0.58$0.42$1.00$244.00$263.50
$265.00$247.50Nov 6$0.33$0.74$1.07$246.43$266.07
$262.50$247.50Nov 6$0.58$0.74$1.32$246.18$263.82
$260.00$242.50Nov 6$1.06$0.24$1.30$241.20$261.30
$260.00$245.00Nov 6$1.06$0.42$1.48$243.52$261.48
$260.00$247.50Nov 6$1.06$0.74$1.80$245.70$261.80
$265.00$250.00Nov 6$0.33$1.27$1.60$248.40$266.60

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 253 found (best R:R 0.85, avg credit $1.21)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
235/240295/300Dec 11$2.29$2.7160%0.85$237.71$297.29
230/232270/272Nov 13$0.60$1.9079%0.32$231.90$270.60
230/232265/268Nov 13$0.78$1.7270%0.45$231.72$265.78
230/232272/275Nov 13$0.46$2.0482%0.23$232.04$272.96
230/232268/270Nov 13$0.63$1.8775%0.34$231.87$268.13
235/240290/295Dec 11$2.09$2.9158%0.72$237.91$292.09
230/232262/265Nov 13$0.88$1.6265%0.54$231.62$263.38
235/238270/272Nov 13$0.64$1.8673%0.34$236.86$270.64
240/242270/272Nov 13$0.85$1.6565%0.52$241.65$270.85
230/232260/262Nov 13$0.96$1.5459%0.62$231.54$260.96

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 119 found (best R:R 17.18, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$270.00$280.00$290.00Dec 11$0.55$9.4517%17.18
$245.00$250.00$255.00Nov 27$0.22$4.7819%21.73
$270.00$275.00$280.00Dec 4$0.08$4.9211%61.50
$240.00$245.00$250.00Dec 18$0.13$4.8713%37.46
$247.50$250.00$252.50Nov 6$0.09$2.4121%26.78
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$245.00$250.00$255.00Dec 4$0.15$4.8516%32.33
$230.00$235.00$240.00Nov 27$0.11$4.8913%44.45
$255.00$260.00$265.00Nov 20$0.32$4.6820%14.63
$240.00$245.00$250.00Nov 27$0.31$4.6917%15.13
$255.00$257.50$260.00Nov 6$0.19$2.3125%12.16

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 141 found (best net $-0.76, 132 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$225.00$240.001:2Nov 13-$0.76$14.24
$260.00$270.001:2Dec 11-$1.02$8.98
$235.00$245.001:2Nov 27-$6.00$4.00
$240.00$250.001:2Dec 4-$4.98$5.02
$270.00$280.001:2Dec 11-$1.07$8.93
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$260.00$250.001:2Nov 27-$1.68$8.32
$250.00$247.501:2Nov 6-$0.21$2.29
$255.00$252.501:2Nov 6-$0.83$1.67
$252.50$250.001:2Nov 6-$0.51$1.99
$247.50$245.001:2Nov 6-$0.10$2.40

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 4.48%, avg 1.17%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$255.00Dec 18$11.400.500.3%4.48%4.75%652.8K
$260.00Dec 18$9.000.442.2%3.54%5.77%4521.9K
$265.00Dec 18$7.150.384.2%2.81%7.01%1851.1K
$270.00Dec 18$5.700.326.2%2.24%8.41%1132.3K
$255.00Dec 11$10.000.500.3%3.93%4.20%2--
$260.00Dec 11$7.500.432.2%2.95%5.18%1012
$275.00Dec 18$4.300.278.1%1.69%9.82%76616
$280.00Dec 18$3.250.2210.1%1.28%11.38%1121.7K
$255.00Dec 4$8.500.490.3%3.34%3.61%8193
$260.00Dec 4$6.400.412.2%2.52%4.75%2148

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 18,415
Total Puts 7,615
Put/Call Ratio 0.41
Net Difference 10,800

Prior's Put/Call Breakdown

Total Calls 15,513
Total Puts 8,475
Put/Call Ratio 0.55
Net Difference 7,038

Prior 7-Day Put/Call Summary

Total Calls 159,038
Total Puts 73,066
Average Put/Call Ratio 0.47
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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Chart Title

Price — Past 7 Days

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