IBM - Options Database

IBM

IBM CORP

$226.59 +1.31%

(8/3 09:50) ◀

Monday, August 3, 2026 (9:55am)

▶ (8/3 10:00)

◀ 8/3 09:55 ▶

Option Volume

Detail

ℹ

Current (08/03 9:55am) 14,263

Calls: 12,597 (88%)

Puts: 1,666 (12%)

Prior (07/23) 38,482

Calls: 25,608 (67%)

Puts: 12,874 (33%)

Current vs Prior -62.94%

Calls: -50.81% (Calls)

Puts: -87.06% (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 -85.85%

Calls: -80.57%

Puts: -95.37%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/03 9:55am) $6.50M

Calls: $4.99M (77%)

Puts: $1.51M (23%)

Prior (07/23) $18.13M

Calls: $7.03M (39%)

Puts: $11.09M (61%)

Current vs Prior -64.15%

Calls: -29.10%

Puts: -86.37%

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 -91.15%

Calls: -86.66%

Puts: -95.81%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/03 9:55am) 0.13

Prior (07/23) 0.50

Current vs Prior -73.69%

Prior 7-Day Average 0.42

Current vs Prior 7-Day Avg -68.71%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/03 9:55am) 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% | 7.08%8.34% | 13.18%

Prior 3.71% | 6.37%10.44% | 14.89%

Current vs Prior +30.05% | +11.20%-20.11% | -11.50%

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

Current vs 7-Day Avg -3.19% | -6.61%-18.24% | -15.57%

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

Current vs 7-Day Eod +30.05% | +11.20%-0.88% | +0.14%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 17.17% | 21.10%

Calls: 12.98% | 18.76%

Puts: 21.36% | 23.44%

Prior 20.09% | 26.45%

Calls: 19.28% | 21.43%

Puts: 20.90% | 31.46%

Current vs Prior -14.53% | -20.23%

Prior 7-Day Avg 16.02% | 15.61%

Calls: 13.11% | 12.45%

Puts: 18.93% | 18.76%

Current vs 7-Day Avg +7.17% | +35.21%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 77% of dollar volume in calls ($4.99M) vs puts ($1.51M). Light premium activity with dollar volume down 64% vs prior. Below-average activity with volume down 63% vs prior. Extreme bullish P/C ratio of 0.13 - heavy call buying (12,597 calls vs 1,666 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
09:55	BULLISH	BULLISH	BULLISH
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	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 41 of results (avg 7.3%, best 1.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$235.00	Aug 21	5.10	5.15	$5.13	1.0%	1.3K	0.35	1.9K
$232.50	Aug 7	2.62	2.70	$2.66	3.0%	2.2K	0.33	548
$230.00	Aug 7	3.40	3.55	$3.47	4.3%	454	0.41	1.7K
$220.00	Aug 21	11.30	11.80	$11.55	4.3%	5	0.62	7.2K
$250.00	Aug 21	1.84	1.94	$1.89	5.3%	425	0.16	7.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Aug 21	34.40	36.05	$35.22	4.7%	5	0.91	738
$255.00	Aug 28	31.15	32.70	$31.93	4.9%	--	0.83	10
$240.00	Aug 21	18.05	19.30	$18.68	6.7%	--	0.71	2.1K
$270.00	Aug 21	43.25	46.25	$44.75	6.7%	--	0.94	789
$270.00	Aug 14	43.05	46.05	$44.55	6.7%	--	0.97	33

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.65, cheapest $0.31)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Aug 7	0.28	0.34	$0.31	19.4%	73	0.06	1.9K
$245.00	Aug 7	0.53	0.63	$0.58	17.2%	54	0.10	757
$260.00	Aug 21	0.85	1.02	$0.94	18.1%	41	0.09	5.8K

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Aug 21	0.45	0.50	$0.48	10.4%	19	0.05	4.6K
$215.00	Aug 7	0.83	1.00	$0.92	18.5%	37	0.15	1.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 91 found (avg delta 0.80, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$190.00	Aug 14	35.50	38.50	$37.00	8.1%	--	1.00	50
$195.00	Aug 14	30.55	33.55	$32.05	9.4%	--	1.00	42
$185.00	Aug 21	40.55	43.50	$42.03	7.0%	--	1.00	38
$190.00	Aug 21	35.55	38.00	$36.78	6.7%	--	1.00	162
$185.00	Aug 28	40.55	43.90	$42.22	7.9%	--	1.00	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$255.00	Aug 7	27.05	29.50	$28.28	8.7%	1	1.00	9
$270.00	Aug 14	43.05	46.05	$44.55	6.7%	--	0.97	33
$265.00	Aug 14	38.05	41.10	$39.58	7.7%	--	0.95	46
$260.00	Aug 14	33.25	36.25	$34.75	8.6%	--	0.94	37
$270.00	Aug 21	43.25	46.25	$44.75	6.7%	--	0.94	789

Most actively traded options today. High liquidity = easy entry/exit. 145 active (total vol 8.3K, top 2.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$232.50	Aug 7	2.62	2.70	$2.66	3.0%	2.2K	0.33	548
$235.00	Aug 21	5.10	5.15	$5.13	1.0%	1.3K	0.35	1.9K
$230.00	Aug 7	3.40	3.55	$3.47	4.3%	454	0.41	1.7K
$240.00	Aug 7	1.02	1.19	$1.11	15.3%	448	0.17	2.2K
$235.00	Aug 7	1.90	2.05	$1.98	7.6%	427	0.27	1.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$207.50	Aug 14	1.22	1.46	$1.34	17.9%	194	0.14	82
$207.50	Aug 7	0.23	0.29	$0.26	23.1%	94	0.05	1.4K
$205.00	Aug 14	0.86	1.10	$0.98	24.5%	76	0.11	864
$225.00	Aug 7	3.45	4.20	$3.83	19.6%	62	0.43	262
$222.50	Aug 7	2.60	3.10	$2.85	17.5%	58	0.35	97

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 29.8%, max 120.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$185.00	Aug 7	Aug 28	101.4%	46.0%	120.2%	--	28
$270.00	Aug 7	Aug 28	87.9%	47.8%	84.0%	--	423
$190.00	Aug 7	Aug 28	78.9%	44.7%	76.4%	--	153
$265.00	Aug 7	Aug 28	81.0%	47.5%	70.6%	3	563
$195.00	Aug 7	Aug 28	65.5%	43.6%	50.3%	--	30

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$185.00	Aug 7	Sep 4	101.4%	46.9%	116.1%	--	198
$190.00	Aug 7	Sep 4	78.9%	43.3%	82.3%	11	569
$197.50	Aug 7	Aug 21	74.8%	44.7%	67.4%	5	437
$195.00	Aug 7	Sep 11	65.5%	43.8%	49.7%	1	399
$200.00	Aug 7	Sep 11	57.2%	42.2%	35.5%	34	1.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 132 found (best R:R 34.71, avg 5.66)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$265.00	$270.00	Aug 21	$0.14	$4.86	$0.14	34.71	$265.14
$247.50	$250.00	Aug 7	$0.12	$2.38	$0.12	19.83	$247.62
$260.00	$265.00	Aug 28	$0.25	$4.75	$0.25	19.00	$260.25
$247.50	$250.00	Aug 14	$0.14	$2.36	$0.14	16.86	$247.64
$255.00	$260.00	Aug 14	$0.29	$4.71	$0.29	16.24	$255.29

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$190.00	$185.00	Aug 21	$0.14	$4.86	$0.14	34.71	$189.86
$190.00	$185.00	Sep 4	$0.14	$4.86	$0.14	34.71	$189.86
$197.50	$195.00	Aug 14	$0.11	$2.39	$0.11	21.73	$197.39
$205.00	$202.50	Aug 14	$0.11	$2.39	$0.11	21.73	$204.89
$210.00	$207.50	Aug 7	$0.13	$2.37	$0.13	18.23	$209.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 179 found (best R:R 49.00, avg 2.93)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$195.00	$200.00	Aug 14	$4.90	$4.90	$0.10	49.00	$199.90
$200.00	$202.50	Aug 7	$2.40	$2.40	$0.10	24.00	$202.40
$195.00	$197.50	Aug 21	$2.40	$2.40	$0.10	24.00	$197.40
$212.50	$215.00	Aug 7	$2.32	$2.32	$0.18	12.89	$214.82
$190.00	$195.00	Aug 21	$4.63	$4.63	$0.37	12.51	$194.63

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$255.00	$250.00	Aug 7	$4.88	$4.88	$0.12	40.67	$250.12
$265.00	$260.00	Aug 14	$4.83	$4.83	$0.17	28.41	$260.17
$260.00	$255.00	Aug 14	$4.77	$4.77	$0.23	20.74	$255.23
$250.00	$245.00	Aug 7	$4.75	$4.75	$0.25	19.00	$245.25
$260.00	$255.00	Aug 21	$4.62	$4.62	$0.38	12.16	$255.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 49 found (avg debit $1.37, cheapest $0.10)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$185.00	Aug 7	Aug 21	$0.10	101.4%	49.5%
$195.00	Aug 7	Aug 14	$0.20	65.5%	50.2%
$200.00	Aug 7	Aug 14	$0.20	57.2%	46.1%
$260.00	Aug 7	Aug 14	$0.27	61.6%	48.4%
$252.50	Aug 7	Aug 14	$0.44	60.7%	47.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$192.50	Aug 7	Aug 14	$0.15	59.8%	46.7%
$197.50	Aug 7	Aug 14	$0.19	74.8%	49.1%
$270.00	Aug 14	Aug 21	$0.20	52.8%	48.1%
$195.00	Aug 7	Aug 14	$0.30	65.5%	50.2%
$200.00	Aug 7	Aug 14	$0.42	57.2%	46.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 90 found (cheapest 4.21% of stock, avg 11.02%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$227.50	Aug 7	$4.38	$5.15	$9.53	$217.97	$237.03	4.21%
$225.00	Aug 7	$5.78	$3.83	$9.61	$215.39	$234.61	4.24%
$230.00	Aug 7	$3.47	$6.30	$9.77	$220.23	$239.77	4.31%
$222.50	Aug 7	$7.13	$2.85	$9.98	$212.52	$232.48	4.40%
$232.50	Aug 7	$2.66	$8.35	$11.01	$221.49	$243.51	4.86%
$220.00	Aug 7	$9.05	$2.01	$11.06	$208.94	$231.06	4.88%
$235.00	Aug 7	$1.98	$10.13	$12.11	$222.89	$247.11	5.34%
$217.50	Aug 7	$10.90	$1.40	$12.30	$205.20	$229.80	5.43%
$215.00	Aug 7	$12.78	$0.92	$13.70	$201.30	$228.70	6.05%
$225.00	Aug 14	$7.73	$6.70	$14.43	$210.57	$239.43	6.37%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 1.06% of stock, avg 4.58%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$237.50	$215.00	Aug 7	$1.48	$0.92	$2.40	$212.60	$239.90
$237.50	$217.50	Aug 7	$1.48	$1.40	$2.88	$214.62	$240.38
$235.00	$215.00	Aug 7	$1.98	$0.92	$2.90	$212.10	$237.90
$235.00	$217.50	Aug 7	$1.98	$1.40	$3.38	$214.12	$238.38
$237.50	$220.00	Aug 7	$1.48	$2.01	$3.49	$216.51	$240.99
$232.50	$215.00	Aug 7	$2.66	$0.92	$3.58	$211.42	$236.08
$235.00	$220.00	Aug 7	$1.98	$2.01	$3.99	$216.01	$238.99
$232.50	$217.50	Aug 7	$2.66	$1.40	$4.06	$213.44	$236.56
$237.50	$222.50	Aug 7	$1.48	$2.85	$4.33	$218.17	$241.83
$230.00	$215.00	Aug 7	$3.47	$0.92	$4.39	$210.61	$234.39

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 198 found (best R:R 28.41, avg credit $2.87)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
185/190	195/200	Aug 28	$4.83	$0.17	28.41	$185.17	$199.83
192/195	200/205	Aug 14	$4.81	$0.19	25.32	$190.19	$204.81
205/208	210/215	Aug 14	$4.80	$0.20	24.00	$202.70	$214.80
190/195	200/205	Aug 28	$4.79	$0.21	22.81	$190.21	$204.79
200/202	210/215	Aug 14	$4.78	$0.22	21.73	$197.72	$214.78
208/210	212/215	Aug 21	$2.38	$0.12	19.83	$207.62	$214.88
205/210	215/220	Aug 28	$4.75	$0.25	19.00	$205.25	$219.75
195/198	200/205	Aug 14	$4.71	$0.29	16.24	$192.79	$204.71
198/200	208/210	Aug 21	$2.35	$0.15	15.67	$197.65	$209.85
200/202	208/210	Aug 21	$2.35	$0.15	15.67	$200.15	$209.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 114 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$190.00	$195.00	$200.00	Aug 14	$0.05	$4.95	99.00
$230.00	$235.00	$240.00	Sep 4	$0.07	$4.93	70.43
$190.00	$195.00	$200.00	Aug 28	$0.09	$4.91	54.56
$240.00	$242.50	$245.00	Aug 7	$0.05	$2.45	49.00
$255.00	$260.00	$265.00	Aug 21	$0.11	$4.89	44.45

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$255.00	$260.00	$265.00	Aug 14	$0.06	$4.94	82.33
$195.00	$200.00	$205.00	Sep 4	$0.09	$4.91	54.56
$205.00	$207.50	$210.00	Aug 7	$0.06	$2.44	40.67
$217.50	$220.00	$222.50	Aug 14	$0.06	$2.44	40.67
$185.00	$190.00	$195.00	Aug 28	$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. 104 found (best net $-1.08, 95 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$250.00	1:2	Sep 11	-$1.08	$8.92
$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
$260.00	$265.00	1:2	Aug 21	-$0.36	$4.64

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$230.00	1:2	Aug 14	-$3.03	$6.97
$190.00	$185.00	1:2	Aug 14	-$0.16	$4.84
$190.00	$185.00	1:2	Aug 21	-$0.20	$4.80
$190.00	$185.00	1:2	Aug 28	-$0.28	$4.72
$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 4.06%, avg 1.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$230.00	Sep 11	$9.20	0.47	1.5%	4.06%	5.57%	4	--
$230.00	Sep 4	$8.25	0.46	1.5%	3.64%	5.15%	9	185
$230.00	Aug 28	$7.85	0.45	1.5%	3.46%	4.97%	20	352
$227.50	Aug 21	$7.55	0.48	0.4%	3.33%	3.73%	31	506
$235.00	Sep 11	$7.15	0.40	3.7%	3.16%	6.87%	--	21
$235.00	Sep 4	$7.10	0.40	3.7%	3.13%	6.84%	12	29
$230.00	Aug 21	$6.50	0.44	1.5%	2.87%	4.37%	175	4.6K
$235.00	Aug 28	$6.10	0.37	3.7%	2.69%	6.40%	8	203
$227.50	Aug 14	$5.70	0.47	0.4%	2.52%	2.92%	17	56
$240.00	Sep 11	$5.70	0.35	5.9%	2.52%	8.43%	1	1

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 12,597

Total Puts 1,666

Put/Call Ratio 0.13

Net Difference 10,931

Prior's Put/Call Breakdown

Total Calls 25,608

Total Puts 12,874

Put/Call Ratio 0.50

Net Difference 12,734

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

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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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