IBM - Options Database

IBM

IBM CORP

$227.31 +1.64%

(8/3 09:45) ◀

Monday, August 3, 2026 (9:50am)

▶ (8/3 09:55)

◀ 8/3 09:50 ▶

Option Volume

Detail

ℹ

Current (08/03 9:50am) 9,990

Calls: 8,731 (87%)

Puts: 1,259 (13%)

Prior (07/23) 35,641

Calls: 23,766 (67%)

Puts: 11,875 (33%)

Current vs Prior -71.97%

Calls: -63.26% (Calls)

Puts: -89.40% (Puts)

Prior 7-Day Total 705,379

Calls: 453,724 (64%)

Puts: 251,655 (36%)

Prior 7-Day Average 100,768

Calls: 64,817 (64%)

Puts: 35,950 (36%)

Current vs Prior 7-Day Avg -90.09%

Calls: -86.53%

Puts: -96.50%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/03 9:50am) $5.09M

Calls: $3.67M (72%)

Puts: $1.42M (28%)

Prior (07/23) $16.48M

Calls: $6.34M (38%)

Puts: $10.14M (62%)

Current vs Prior -69.12%

Calls: -42.17%

Puts: -85.98%

Prior 7-Day Total $514.06M

Calls: $261.60M (51%)

Puts: $252.46M (49%)

Prior 7-Day Average $73.44M

Calls: $37.37M (51%)

Puts: $36.07M (49%)

Current vs Prior 7-Day Avg -93.07%

Calls: -90.19%

Puts: -96.06%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/03 9:50am) 0.14

Prior (07/23) 0.50

Current vs Prior -71.14%

Prior 7-Day Average 0.42

Current vs Prior 7-Day Avg -65.89%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/03 9:50am) 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 4,542,066

Calls: 2,639,590 (58%)

Puts: 1,902,476 (42%)

Prior 7-Day Average 648,866

Calls: 377,084 (58%)

Puts: 271,782 (42%)

Current vs Prior 7-Day Avg +11.95%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)

Current 4.82% | 7.09%8.31% | 13.14%

Prior 3.71% | 6.37%10.44% | 14.89%

Current vs Prior +29.99% | +11.33%-20.44% | -11.79%

Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%

Current vs 7-Day Avg -3.23% | -6.49%-18.59% | -15.84%

Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%

Current vs 7-Day Eod +29.99% | +11.33%-1.30% | -0.17%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 15.70% | 20.05%

Calls: 13.98% | 16.67%

Puts: 17.42% | 23.44%

Prior 20.09% | 26.45%

Calls: 19.28% | 21.43%

Puts: 20.90% | 31.46%

Current vs Prior -21.85% | -24.20%

Prior 7-Day Avg 16.02% | 15.61%

Calls: 13.11% | 12.45%

Puts: 18.93% | 18.76%

Current vs 7-Day Avg -2.01% | +28.48%

Liquidity Expensive

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Moderately bullish flow with 72% call dollar volume ($3.67M). Light premium activity with dollar volume down 69% vs prior. Below-average activity with volume down 72% vs prior. Extreme bullish P/C ratio of 0.14 - heavy call buying (8,731 calls vs 1,259 puts).

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BEARISH

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)

Time	Smart Money	Retail	Overall
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	BULLISH

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📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 27 of results (avg 8.0%, best 4.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Aug 21	27.20	28.75	$27.98	5.5%	5	0.94	606
$182.50	Aug 7	42.95	45.70	$44.33	6.2%	14	1.00	1
$195.00	Aug 7	31.35	33.50	$32.42	6.6%	--	0.98	18
$190.00	Aug 21	35.55	38.00	$36.78	6.7%	--	1.00	162
$210.00	Aug 21	18.15	19.50	$18.83	7.2%	21	0.81	3.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Aug 21	34.40	36.05	$35.22	4.7%	5	0.90	738
$265.00	Aug 21	38.65	40.85	$39.75	5.5%	--	0.93	676
$270.00	Aug 14	43.05	46.30	$44.68	7.3%	--	0.96	33
$270.00	Aug 21	43.25	46.55	$44.90	7.3%	--	0.94	789
$260.00	Aug 14	33.25	36.15	$34.70	8.4%	--	0.94	37

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.82, cheapest $0.58)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$245.00	Aug 7	0.53	0.63	$0.58	17.2%	51	0.10	757
$260.00	Aug 21	0.86	1.00	$0.93	15.1%	15	0.09	5.8K

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$197.50	Aug 21	0.85	1.03	$0.94	19.1%	4	0.09	243

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 91 found (avg delta 0.81, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Aug 14	35.50	38.70	$37.10	8.6%	--	1.00	50
$195.00	Aug 14	30.55	33.85	$32.20	10.2%	--	1.00	42
$200.00	Aug 14	25.65	28.80	$27.23	11.6%	--	1.00	173
$185.00	Aug 21	40.50	43.60	$42.05	7.4%	--	1.00	38
$190.00	Aug 21	35.55	38.00	$36.78	6.7%	--	1.00	162

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Aug 7	27.05	29.85	$28.45	9.8%	1	1.00	9
$270.00	Aug 14	43.05	46.30	$44.68	7.3%	--	0.96	33
$265.00	Aug 14	37.85	41.40	$39.63	9.0%	--	0.95	46
$260.00	Aug 14	33.25	36.15	$34.70	8.4%	--	0.94	37
$270.00	Aug 21	43.25	46.55	$44.90	7.3%	--	0.94	789

Most actively traded options today. High liquidity = easy entry/exit. 138 active (total vol 5.8K, top 1.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$232.50	Aug 7	2.59	3.00	$2.80	14.6%	1.7K	0.34	548
$230.00	Aug 7	3.50	4.00	$3.75	13.3%	414	0.42	1.7K
$240.00	Aug 7	1.05	1.18	$1.12	11.6%	412	0.17	2.2K
$235.00	Aug 21	5.00	5.50	$5.25	9.5%	365	0.36	1.9K
$235.00	Aug 7	1.98	2.20	$2.09	10.5%	311	0.27	1.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$205.00	Aug 14	0.84	1.10	$0.97	26.8%	76	0.11	864
$222.50	Aug 7	2.28	2.98	$2.63	26.6%	54	0.34	97
$225.00	Aug 7	3.25	3.90	$3.58	18.2%	46	0.42	262
$205.00	Aug 7	0.12	0.26	$0.19	73.7%	41	0.04	829
$215.00	Aug 7	0.80	0.98	$0.89	20.2%	34	0.14	1.1K

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 29.9%, max 123.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$185.00	Aug 7	Aug 28	102.2%	45.7%	123.7%	--	28
$270.00	Aug 7	Aug 28	87.0%	47.8%	82.1%	--	423
$190.00	Aug 7	Aug 28	79.6%	44.7%	78.1%	--	153
$265.00	Aug 7	Aug 28	80.1%	47.5%	68.7%	3	563
$195.00	Aug 7	Aug 28	66.2%	43.6%	52.1%	--	30

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$185.00	Aug 7	Sep 4	102.2%	47.3%	116.2%	--	198
$190.00	Aug 7	Sep 4	79.6%	42.9%	85.6%	11	569
$197.50	Aug 7	Aug 21	75.8%	44.7%	69.8%	4	437
$195.00	Aug 7	Sep 11	66.2%	44.0%	50.6%	1	399
$200.00	Aug 7	Sep 11	57.9%	42.1%	37.6%	34	1.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 128 found (best R:R 32.33, avg 5.17)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$265.00	$270.00	Aug 21	$0.15	$4.85	$0.15	32.33	$265.15
$245.00	$247.50	Aug 7	$0.12	$2.38	$0.12	19.83	$245.12
$247.50	$250.00	Aug 7	$0.12	$2.38	$0.12	19.83	$247.62
$247.50	$250.00	Aug 14	$0.14	$2.36	$0.14	16.86	$247.64
$260.00	$265.00	Aug 21	$0.28	$4.72	$0.28	16.86	$260.28

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$190.00	$185.00	Aug 21	$0.17	$4.83	$0.17	28.41	$189.83
$197.50	$195.00	Aug 14	$0.11	$2.39	$0.11	21.73	$197.39
$190.00	$185.00	Aug 28	$0.31	$4.69	$0.31	15.13	$189.69
$200.00	$197.50	Aug 21	$0.17	$2.33	$0.17	13.71	$199.83
$215.00	$212.50	Aug 7	$0.20	$2.30	$0.20	11.50	$214.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 176 found (best R:R 49.00, avg 2.84)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$190.00	$195.00	Aug 14	$4.90	$4.90	$0.10	49.00	$194.90
$200.00	$205.00	Aug 14	$4.81	$4.81	$0.19	25.32	$204.81
$190.00	$192.50	Aug 7	$2.35	$2.35	$0.15	15.67	$192.35
$200.00	$205.00	Aug 28	$4.65	$4.65	$0.35	13.29	$204.65
$190.00	$195.00	Aug 28	$4.63	$4.63	$0.37	12.51	$194.63

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$250.00	$245.00	Aug 14	$4.88	$4.88	$0.12	40.67	$245.12
$255.00	$250.00	Aug 7	$4.87	$4.87	$0.13	37.46	$250.13
$250.00	$245.00	Aug 7	$4.75	$4.75	$0.25	19.00	$245.25
$255.00	$250.00	Aug 21	$4.63	$4.63	$0.37	12.51	$250.37
$260.00	$255.00	Aug 14	$4.57	$4.57	$0.43	10.63	$255.43

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 48 found (avg debit $1.36, cheapest $0.08)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$215.00	Aug 7	Aug 14	$0.08	49.1%	45.3%
$190.00	Aug 7	Aug 14	$0.12	79.6%	48.1%
$200.00	Aug 7	Aug 14	$0.28	57.9%	46.0%
$260.00	Aug 7	Aug 14	$0.28	59.1%	48.6%
$210.00	Aug 7	Aug 14	$0.33	50.0%	45.8%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$192.50	Aug 7	Aug 14	$0.09	60.4%	44.9%
$265.00	Aug 14	Aug 21	$0.12	52.1%	46.6%
$197.50	Aug 7	Aug 14	$0.18	75.8%	48.8%
$270.00	Aug 14	Aug 21	$0.22	52.9%	47.9%
$195.00	Aug 7	Aug 14	$0.30	66.2%	50.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 89 found (cheapest 4.21% of stock, avg 11.08%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$227.50	Aug 7	$4.68	$4.88	$9.56	$217.94	$237.06	4.21%
$225.00	Aug 7	$6.08	$3.58	$9.66	$215.34	$234.66	4.25%
$230.00	Aug 7	$3.75	$6.25	$10.00	$220.00	$240.00	4.40%
$222.50	Aug 7	$7.65	$2.63	$10.28	$212.22	$232.78	4.52%
$232.50	Aug 7	$2.80	$8.43	$11.23	$221.27	$243.73	4.94%
$220.00	Aug 7	$9.48	$1.87	$11.35	$208.65	$231.35	4.99%
$235.00	Aug 7	$2.09	$10.33	$12.42	$222.58	$247.42	5.46%
$217.50	Aug 7	$11.20	$1.26	$12.46	$205.04	$229.96	5.48%
$215.00	Aug 7	$13.75	$0.89	$14.64	$200.36	$229.64	6.44%
$225.00	Aug 14	$7.80	$6.85	$14.65	$210.35	$239.65	6.44%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 1.08% of stock, avg 4.58%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$237.50	$215.00	Aug 7	$1.56	$0.89	$2.45	$212.55	$239.95
$237.50	$217.50	Aug 7	$1.56	$1.26	$2.82	$214.68	$240.32
$235.00	$215.00	Aug 7	$2.09	$0.89	$2.98	$212.02	$237.98
$235.00	$217.50	Aug 7	$2.09	$1.26	$3.35	$214.15	$238.35
$237.50	$220.00	Aug 7	$1.56	$1.87	$3.43	$216.57	$240.93
$232.50	$215.00	Aug 7	$2.80	$0.89	$3.69	$211.31	$236.19
$235.00	$220.00	Aug 7	$2.09	$1.87	$3.96	$216.04	$238.96
$232.50	$217.50	Aug 7	$2.80	$1.26	$4.06	$213.44	$236.56
$237.50	$222.50	Aug 7	$1.56	$2.63	$4.19	$218.31	$241.69
$230.00	$215.00	Aug 7	$3.75	$0.89	$4.64	$210.36	$234.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 180 found (best R:R 28.41, avg credit $2.90)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
215/220	225/230	Sep 4	$4.83	$0.17	28.41	$215.17	$229.83
200/202	205/210	Aug 14	$4.82	$0.18	26.78	$197.68	$209.82
215/220	230/235	Sep 4	$4.80	$0.20	24.00	$215.20	$234.80
205/208	215/218	Aug 14	$2.39	$0.11	21.73	$205.11	$217.39
192/195	205/210	Aug 14	$4.76	$0.24	19.83	$190.24	$209.76
200/202	215/218	Aug 14	$2.31	$0.19	12.16	$200.19	$217.31
195/198	205/210	Aug 14	$4.60	$0.40	11.50	$192.90	$209.60
185/190	195/200	Aug 28	$4.58	$0.42	10.90	$185.42	$199.58
200/205	210/215	Aug 28	$4.55	$0.45	10.11	$200.45	$214.55
205/208	210/215	Aug 14	$4.51	$0.49	9.20	$202.99	$214.51

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 113 found (best R:R 70.43, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$240.00	$245.00	$250.00	Sep 4	$0.07	$4.93	70.43
$240.00	$245.00	$250.00	Aug 21	$0.08	$4.92	61.50
$247.50	$250.00	$252.50	Aug 14	$0.06	$2.44	40.67
$255.00	$260.00	$265.00	Aug 21	$0.13	$4.87	37.46
$260.00	$265.00	$270.00	Aug 21	$0.13	$4.87	37.46

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$255.00	$260.00	$265.00	Aug 21	$0.09	$4.91	54.56
$205.00	$207.50	$210.00	Aug 21	$0.05	$2.45	49.00
$185.00	$190.00	$195.00	Aug 28	$0.10	$4.90	49.00
$245.00	$250.00	$255.00	Aug 21	$0.11	$4.89	44.45
$245.00	$250.00	$255.00	Aug 7	$0.12	$4.88	40.67

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 $-1.55, 98 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$250.00	1:2	Sep 11	-$1.55	$8.45
$255.00	$260.00	1:2	Aug 14	-$0.10	$4.90
$265.00	$270.00	1:2	Aug 7	-$0.28	$4.72
$260.00	$265.00	1:2	Aug 14	-$0.29	$4.71
$265.00	$270.00	1:2	Aug 21	-$0.35	$4.65

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$230.00	1:2	Aug 14	-$2.83	$7.17
$190.00	$185.00	1:2	Aug 21	-$0.17	$4.83
$190.00	$185.00	1:2	Aug 28	-$0.24	$4.76
$190.00	$185.00	1:2	Aug 14	-$0.45	$4.55
$195.00	$190.00	1:2	Aug 28	-$0.45	$4.55

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 55 found (best yield 4.03%, avg 1.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Sep 11	$9.15	0.47	1.2%	4.03%	5.21%	4	--
$230.00	Sep 4	$8.25	0.46	1.2%	3.63%	4.81%	9	185
$230.00	Aug 28	$7.85	0.45	1.2%	3.45%	4.64%	20	352
$227.50	Aug 21	$7.50	0.48	0.1%	3.30%	3.38%	31	506
$235.00	Sep 11	$7.10	0.41	3.4%	3.12%	6.51%	--	21
$230.00	Aug 21	$6.60	0.44	1.2%	2.90%	4.09%	173	4.6K
$235.00	Sep 4	$6.40	0.38	3.4%	2.82%	6.20%	10	29
$227.50	Aug 14	$5.95	0.47	0.1%	2.62%	2.70%	15	56
$240.00	Sep 11	$5.65	0.35	5.6%	2.49%	8.07%	1	1
$235.00	Aug 28	$5.60	0.37	3.4%	2.46%	5.85%	3	203

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 8,731

Total Puts 1,259

Put/Call Ratio 0.14

Net Difference 7,472

Prior's Put/Call Breakdown

Total Calls 23,766

Total Puts 11,875

Put/Call Ratio 0.50

Net Difference 11,891

Prior 7-Day Put/Call Summary

Total Calls 453,724

Total Puts 251,655

Average Put/Call Ratio 0.42

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

🤖 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

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Price — Past 7 Days

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