Tour v482
IBM
IBM CORP
$225.41 +0.78%
8/3 09:35

Option Volume

Detail
Current (08/03 9:35am) 3,352
Calls: 2,870 (86%)
Puts: 482 (14%)
Prior (07/23) 14,651
Calls: 10,155 (69%)
Puts: 4,496 (31%)
Current vs Prior -77.12%
Calls: -71.74% (Calls)
Puts: -89.28% (Puts)
Prior 7-Day Total 709,904
Calls: 454,069 (64%)
Puts: 255,835 (36%)
Prior 7-Day Average 101,414
Calls: 64,867 (64%)
Puts: 36,547 (36%)
Current vs Prior 7-Day Avg -96.69%
Calls: -95.58%
Puts: -98.68%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/03 9:35am) $1.49M
Calls: $1.10M (74%)
Puts: $392.3K (26%)
Prior (07/23) $4.90M
Calls: $2.55M (52%)
Puts: $2.35M (48%)
Current vs Prior -69.62%
Calls: -57.06%
Puts: -83.29%
Prior 7-Day Total $525.33M
Calls: $270.83M (52%)
Puts: $254.50M (48%)
Prior 7-Day Average $75.05M
Calls: $38.69M (52%)
Puts: $36.36M (48%)
Current vs Prior 7-Day Avg -98.02%
Calls: -97.17%
Puts: -98.92%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/03 9:35am) 0.17
Prior (07/23) 0.44
Current vs Prior -62.07%
Prior 7-Day Average 0.44
Current vs Prior 7-Day Avg -62.08%
Sentiment BULLISH

Open Interest

Detail
Current (08/03 9:35am) 726,431
Calls: 414,302 (57%)
Puts: 312,129 (43%)
Prior (07/23) 827,167
Calls: 482,553 (58%)
Puts: 344,614 (42%)
Current vs Prior -12.18%
Prior 7-Day Total 4,020,214
Calls: 2,320,570 (58%)
Puts: 1,699,644 (42%)
Prior 7-Day Average 574,316
Calls: 331,510 (58%)
Puts: 242,806 (42%)
Current vs Prior 7-Day Avg +26.49%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 4.68% | 6.84%8.07% | 12.79%
Prior 7.11% | 8.73%11.91% | 16.14%
Current vs Prior -34.13% | -21.72%-32.23% | -20.78%
Prior 7-Day Avg 5.46% | 7.83%10.47% | 15.36%
Current vs 7-Day Avg -14.25% | -12.72%-22.88% | -16.75%
Prior 7-Day Eod 7.11% | 8.73%8.41% | 13.16%
Current vs 7-Day Eod -34.13% | -21.72%-4.05% | -2.84%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 29.34% | 29.68%
Calls: 20.95% | 27.74%
Puts: 37.74% | 31.62%
Prior 4.40% | 7.51%
Calls: 2.09% | 7.32%
Puts: 6.71% | 7.69%
Current vs Prior +566.82% | +295.21%
Prior 7-Day Avg 14.96% | 13.25%
Calls: 12.24% | 10.77%
Puts: 17.67% | 15.72%
Current vs 7-Day Avg +96.18% | +124.05%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 74% call dollar volume ($1.10M). Light premium activity with dollar volume down 70% vs prior. Below-average activity with volume down 77% vs prior. Extreme bullish P/C ratio of 0.17 - heavy call buying (2,870 calls vs 482 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
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
10:00BEARISHBULLISHBULLISH
09:55BEARISHBULLISHBULLISH
09:50BEARISHBULLISHBULLISH
09:45BEARISHBULLISHBULLISH
09:40BULLISHBULLISHBULLISH
09:35BULLISHBULLISHBULLISH

📈 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 24 of results (avg 7.9%, best 3.4%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Aug 72.903.00$2.953.4%870.371.7K
$227.50Aug 73.804.00$3.905.1%430.45247
$190.00Aug 2834.6536.95$35.806.4%--0.93125
$185.00Aug 739.5542.30$40.926.7%--0.9612
$182.50Aug 741.9044.95$43.437.0%21.001
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$270.00Aug 2144.5047.90$46.207.4%--0.95789
$265.00Aug 2139.6542.70$41.187.4%--0.93676
$270.00Aug 1444.2547.70$45.987.5%--0.9833
$265.00Aug 1439.4042.50$40.957.6%--0.9646
$260.00Aug 2835.3538.35$36.858.1%--0.8712

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.89, cheapest $0.89)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 70.840.93$0.8910.1%1740.142.2K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 89 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 1434.1037.35$35.739.1%--1.0050
$185.00Aug 2139.3542.40$40.887.5%--1.0038
$190.00Aug 2134.5037.50$36.008.3%--1.00162
$182.50Aug 741.9044.95$43.437.0%21.001
$192.50Aug 731.8534.85$33.359.0%--1.0011
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Aug 727.8530.95$29.4010.5%11.009
$270.00Aug 1444.2547.70$45.987.5%--0.9833
$250.00Aug 723.0026.15$24.5812.8%--0.9745
$265.00Aug 1439.4042.50$40.957.6%--0.9646
$257.50Aug 730.4033.30$31.859.1%10.96--

Most actively traded options today. High liquidity = easy entry/exit. 107 active (total vol 1.6K, top 174)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 70.840.93$0.8910.1%1740.142.2K
$235.00Aug 214.004.80$4.4018.2%1680.321.9K
$230.00Aug 215.606.75$6.1818.6%1380.414.6K
$230.00Aug 72.903.00$2.953.4%870.371.7K
$270.00Aug 140.000.24$0.12200.0%680.02220
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$205.00Aug 70.100.34$0.22109.1%350.04829
$225.00Aug 73.804.90$4.3525.3%290.47262
$185.00Aug 210.260.45$0.3652.8%230.033.2K
$220.00Aug 215.307.05$6.1828.3%230.413.6K
$200.00Aug 70.000.10$0.05200.0%210.011.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 54 strikes (avg 30.4%, max 135.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Aug 28110.1%46.7%135.9%--28
$270.00Aug 7Aug 2889.3%47.5%88.2%--423
$195.00Aug 7Aug 2881.7%44.2%85.0%--30
$265.00Aug 7Aug 2885.5%47.1%81.6%3563
$190.00Aug 7Aug 2877.4%44.8%72.8%--153
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Sep 4110.1%54.5%102.1%--198
$195.00Aug 7Sep 1181.7%44.1%85.4%--399
$197.50Aug 7Aug 2179.8%43.1%85.1%2437
$190.00Aug 7Sep 477.4%43.1%79.5%11569
$192.50Aug 7Aug 2158.6%43.5%34.6%1731

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 121 found (best R:R 37.46, avg 5.89)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$260.00$265.00Aug 14$0.13$4.87$0.1337.46$260.13
$265.00$270.00Aug 21$0.17$4.83$0.1728.41$265.17
$255.00$260.00Aug 14$0.21$4.79$0.2122.81$255.21
$260.00$265.00Aug 21$0.22$4.78$0.2221.73$260.22
$255.00$260.00Aug 28$0.25$4.75$0.2519.00$255.25
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Aug 21$0.17$4.83$0.1728.41$189.83
$190.00$185.00Aug 28$0.24$4.76$0.2419.83$189.76
$200.00$195.00Sep 11$0.24$4.76$0.2419.83$199.76
$210.00$207.50Aug 7$0.15$2.35$0.1515.67$209.85
$205.00$202.50Aug 14$0.16$2.34$0.1614.62$204.84

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 170 found (best R:R 49.00, avg 3.37)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$190.00$195.00Aug 21$4.90$4.90$0.1049.00$194.90
$185.00$190.00Aug 21$4.88$4.88$0.1240.67$189.88
$200.00$205.00Aug 14$4.83$4.83$0.1728.41$204.83
$195.00$200.00Aug 14$4.77$4.77$0.2320.74$199.77
$200.00$202.50Aug 21$2.38$2.38$0.1219.83$202.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$250.00$245.00Aug 7$4.83$4.83$0.1728.41$245.17
$255.00$250.00Aug 7$4.82$4.82$0.1826.78$250.18
$260.00$255.00Aug 14$4.80$4.80$0.2024.00$255.20
$250.00$245.00Aug 21$4.80$4.80$0.2024.00$245.20
$260.00$255.00Aug 21$4.70$4.70$0.3015.67$255.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 48 found (avg debit $1.42, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$205.00Aug 7Aug 14$0.0752.4%45.9%
$200.00Aug 7Aug 14$0.2550.0%46.3%
$260.00Aug 7Aug 14$0.3562.5%50.4%
$252.50Aug 7Aug 14$0.4563.6%48.4%
$255.00Aug 7Aug 14$0.5555.5%49.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$197.50Aug 7Aug 14$0.1179.8%50.5%
$192.50Aug 7Aug 14$0.1558.6%46.1%
$190.00Aug 7Aug 14$0.1677.4%53.7%
$195.00Aug 7Aug 14$0.1781.7%53.3%
$260.00Aug 14Aug 21$0.2050.4%46.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 87 found (cheapest 4.08% of stock, avg 11.06%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$227.50Aug 7$3.90$5.30$9.20$218.30$236.704.08%
$225.00Aug 7$5.25$4.35$9.60$215.40$234.604.26%
$222.50Aug 7$6.88$2.95$9.83$212.67$232.334.36%
$220.00Aug 7$7.95$2.42$10.37$209.63$230.374.60%
$230.00Aug 7$2.95$7.45$10.40$219.60$240.404.61%
$232.50Aug 7$2.18$8.53$10.71$221.79$243.214.75%
$217.50Aug 7$9.50$1.61$11.11$206.39$228.614.93%
$235.00Aug 7$1.61$10.50$12.11$222.89$247.115.37%
$215.00Aug 7$12.02$1.09$13.11$201.89$228.115.82%
$225.00Aug 14$7.03$6.85$13.88$211.12$238.886.16%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 133 found (cheapest 1.03% of stock, avg 4.29%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$215.00Aug 7$1.23$1.09$2.32$212.68$239.82
$235.00$215.00Aug 7$1.61$1.09$2.70$212.30$237.70
$237.50$217.50Aug 7$1.23$1.61$2.84$214.66$240.34
$235.00$217.50Aug 7$1.61$1.61$3.22$214.28$238.22
$232.50$215.00Aug 7$2.18$1.09$3.27$211.73$235.77
$237.50$220.00Aug 7$1.23$2.42$3.65$216.35$241.15
$232.50$217.50Aug 7$2.18$1.61$3.79$213.71$236.29
$230.00$215.00Aug 7$2.95$1.09$4.04$210.96$234.04
$235.00$220.00Aug 7$1.61$2.42$4.03$215.97$239.03
$237.50$222.50Aug 7$1.23$2.95$4.18$218.32$241.68

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 148 found (best R:R 44.45, avg credit $3.03)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
200/205210/215Aug 28$4.89$0.1144.45$200.11$214.89
185/190195/200Aug 28$4.85$0.1532.33$185.15$199.85
215/220225/230Aug 28$4.80$0.2024.00$215.20$229.80
192/195212/215Aug 21$2.39$0.1121.73$192.61$214.89
195/198202/205Aug 21$2.37$0.1318.23$195.13$204.87
202/205210/212Aug 21$2.36$0.1416.86$202.64$212.36
200/202212/215Aug 21$2.33$0.1713.71$200.17$214.83
195/200210/215Aug 28$4.66$0.3413.71$195.34$214.66
195/198212/215Aug 21$2.32$0.1812.89$195.18$214.82
208/210218/220Aug 14$2.31$0.1912.16$207.69$219.81

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 103 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$260.00$265.00$270.00Aug 21$0.05$4.9599.00
$225.00$230.00$235.00Sep 4$0.07$4.9370.43
$255.00$260.00$265.00Aug 14$0.08$4.9261.50
$250.00$255.00$260.00Aug 21$0.09$4.9154.56
$215.00$220.00$225.00Aug 28$0.09$4.9154.56
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$210.00$212.50$215.00Aug 7$0.06$2.4440.67
$230.00$235.00$240.00Aug 28$0.12$4.8840.67
$250.00$255.00$260.00Aug 28$0.12$4.8840.67
$212.50$215.00$217.50Aug 21$0.07$2.4334.71
$185.00$190.00$195.00Aug 28$0.21$4.7922.81

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 106 found (best net $-3.00, 96 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$260.00$265.001:2Aug 14-$0.20$4.80
$265.00$270.001:2Aug 7-$0.21$4.79
$255.00$260.001:2Aug 14-$0.25$4.75
$265.00$270.001:2Aug 21-$0.25$4.75
$240.00$245.001:2Aug 14-$0.33$4.67
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$230.001:2Aug 14-$3.00$7.00
$230.00$220.001:2Sep 4-$3.11$6.89
$190.00$185.001:2Aug 21-$0.19$4.81
$190.00$185.001:2Aug 14-$0.31$4.69
$190.00$185.001:2Aug 28-$0.36$4.64

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 50 found (best yield 3.62%, avg 1.15%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 4$8.150.452.0%3.62%5.65%1185
$230.00Aug 28$7.150.442.0%3.17%5.21%13352
$235.00Sep 11$6.750.404.2%2.99%7.25%--21
$227.50Aug 21$6.550.460.9%2.91%3.83%21506
$235.00Sep 4$6.050.394.2%2.68%6.94%--29
$230.00Aug 21$5.600.412.0%2.48%4.52%1384.6K
$235.00Aug 28$5.150.384.2%2.28%6.54%1203
$227.50Aug 14$5.100.460.9%2.26%3.19%956
$232.50Aug 21$5.000.373.1%2.22%5.36%1683
$240.00Sep 4$4.550.336.5%2.02%8.49%--34

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 2,870
Total Puts 482
Put/Call Ratio 0.17
Net Difference 2,388

Prior's Put/Call Breakdown

Total Calls 10,155
Total Puts 4,496
Put/Call Ratio 0.44
Net Difference 5,659

Prior 7-Day Put/Call Summary

Total Calls 454,069
Total Puts 255,835
Average Put/Call Ratio 0.44
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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