Tour v482
IBM
IBM CORP
$226.36 +1.21%
(8/3 09:55) ◀
|
Monday, August 3, 2026 (10:00am)
January 2026
|
▶ (8/3 10:05)
◀ 8/3 10:00 ▶

Option Volume

Detail
ℹ
Current (08/03 10:00am) 15,871
Calls: 13,947 (88%)
Puts: 1,924 (12%)
Prior --
Calls: 15,235 (64%)
Puts: 8,626 (36%)
Current vs Prior +0.00%
Calls: -8.45% (Calls)
Puts: -77.70% (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 -84.25%
Calls: -78.48%
Puts: -94.65%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03 10:00am) $7.17M
Calls: $5.57M (78%)
Puts: $1.60M (22%)
Prior --
Calls: $8.11M (44%)
Puts: $10.46M (56%)
Current vs Prior +0.00%
Calls: -31.32%
Puts: -84.72%
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 -90.24%
Calls: -85.10%
Puts: -95.57%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03 10:00am) 0.14
Prior 1.00
Current vs Prior -86.20%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -67.36%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/03 10:00am) 726,431
Calls: 414,302 (57%)
Puts: 312,129 (43%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
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
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 4.82% | 6.99%8.24% | 13.03%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +29.94% | +9.72%-21.08% | -12.48%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -3.27% | -7.85%-19.24% | -16.51%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +29.94% | +9.72%-2.09% | -0.96%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 25.50% | 21.72%
Calls: 14.58% | 20.00%
Puts: 36.42% | 23.44%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior +26.93% | -17.88%
Prior 7-Day Avg 16.02% | 15.61%
Calls: 13.11% | 12.45%
Puts: 18.93% | 18.76%
Current vs 7-Day Avg +59.16% | +39.18%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 78% of dollar volume in calls ($5.57M) vs puts ($1.60M). Extreme bullish P/C ratio of 0.14 - heavy call buying (13,947 calls vs 1,924 puts). P/C ratio dropping 86% - 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 BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
10:00BULLISHBULLISHBULLISH
09:55BULLISHBULLISHBULLISH
09:50BULLISHBULLISHBULLISH
09:45BULLISHBULLISHBULLISH
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 17 of results (avg 7.8%, best 4.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 2135.6038.00$36.806.5%--1.00162
$185.00Aug 2140.2042.95$41.586.6%--1.0038
$235.00Aug 214.905.25$5.086.9%1.4K0.351.9K
$195.00Aug 729.9532.25$31.107.4%--0.9718
$230.00Aug 73.253.50$3.387.4%5410.411.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Aug 2134.2535.85$35.054.6%70.91738
$270.00Aug 2143.8547.10$45.487.1%--0.94789
$265.00Aug 2139.0042.30$40.658.1%--0.92676
$270.00Aug 1443.0546.90$44.978.6%--0.9733
$265.00Aug 1438.1041.90$40.009.5%--0.9446

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

No options available for this category

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)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 1434.9538.75$36.8510.3%--1.0050
$195.00Aug 1429.9533.80$31.8812.1%--1.0042
$185.00Aug 2140.2042.95$41.586.6%--1.0038
$190.00Aug 2135.6038.00$36.806.5%--1.00162
$185.00Aug 2840.0543.85$41.959.1%--1.0016
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Aug 726.6530.35$28.5013.0%11.009
$270.00Aug 1443.0546.90$44.978.6%--0.9733
$250.00Aug 722.2525.15$23.7012.2%--0.9545
$257.50Aug 729.0032.80$30.9012.3%10.95--
$265.00Aug 1438.1041.90$40.009.5%--0.9446

Most actively traded options today. High liquidity = easy entry/exit. 152 active (total vol 9.4K, top 2.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$232.50Aug 72.252.86$2.5523.9%2.3K0.33548
$235.00Aug 214.905.25$5.086.9%1.4K0.351.9K
$250.00Aug 211.812.04$1.9311.9%8310.167.6K
$230.00Aug 73.253.50$3.387.4%5410.411.7K
$240.00Aug 70.981.11$1.0512.4%4990.162.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 141.221.56$1.3924.5%1990.1482
$207.50Aug 70.230.30$0.2725.9%1240.051.4K
$205.00Aug 140.861.15$1.0029.0%780.11864
$220.00Aug 71.812.14$1.9816.7%700.27846
$215.00Aug 70.801.00$0.9022.2%690.151.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 55 strikes (avg 30.3%, max 118.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Aug 28102.0%46.6%118.7%--28
$190.00Aug 7Aug 2886.9%44.3%96.0%--153
$270.00Aug 7Aug 2887.8%47.8%83.8%--423
$195.00Aug 7Aug 2873.8%43.3%70.7%--30
$265.00Aug 7Aug 2881.0%48.1%68.3%3563
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Sep 4102.0%47.9%112.7%1198
$190.00Aug 7Sep 486.9%44.2%96.8%11569
$197.50Aug 7Aug 2179.3%44.2%79.5%5437
$195.00Aug 7Sep 1173.8%41.7%77.1%1399
$200.00Aug 7Sep 1157.3%40.4%42.0%351.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 136 found (best R:R 34.71, avg 5.42)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$255.00$260.00Aug 14$0.23$4.77$0.2320.74$255.23
$260.00$265.00Aug 28$0.23$4.77$0.2320.74$260.23
$265.00$270.00Aug 21$0.24$4.76$0.2419.83$265.24
$245.00$247.50Aug 7$0.13$2.37$0.1318.23$245.13
$242.50$245.00Aug 7$0.19$2.31$0.1912.16$242.69
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Sep 4$0.14$4.86$0.1434.71$189.86
$190.00$185.00Aug 21$0.19$4.81$0.1925.32$189.81
$192.50$190.00Aug 14$0.10$2.40$0.1024.00$192.40
$210.00$207.50Aug 7$0.11$2.39$0.1121.73$209.89
$190.00$185.00Aug 28$0.22$4.78$0.2221.73$189.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 180 found (best R:R 37.46, avg 2.67)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$185.00$190.00Aug 21$4.78$4.78$0.2221.73$189.78
$185.00$190.00Aug 28$4.65$4.65$0.3513.29$189.65
$205.00$210.00Aug 14$4.63$4.63$0.3712.51$209.63
$200.00$205.00Aug 14$4.60$4.60$0.4011.50$204.60
$197.50$200.00Aug 21$2.30$2.30$0.2011.50$199.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$265.00$260.00Aug 14$4.87$4.87$0.1337.46$260.13
$270.00$265.00Aug 21$4.83$4.83$0.1728.41$265.17
$255.00$250.00Aug 7$4.80$4.80$0.2024.00$250.20
$257.50$255.00Aug 7$2.40$2.40$0.1024.00$255.10
$260.00$255.00Aug 14$4.80$4.80$0.2024.00$255.20

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
$265.00Aug 7Aug 14$0.1281.0%55.1%
$260.00Aug 7Aug 14$0.3261.5%50.0%
$252.50Aug 7Aug 14$0.3862.7%47.8%
$205.00Aug 7Aug 14$0.4550.3%45.0%
$250.00Aug 7Aug 14$0.4556.3%45.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$197.50Aug 7Aug 14$0.0779.3%48.2%
$192.50Aug 7Aug 14$0.2060.0%48.3%
$195.00Aug 7Aug 14$0.2073.8%49.7%
$200.00Aug 7Aug 14$0.4957.3%46.8%
$270.00Aug 14Aug 21$0.5150.1%48.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 90 found (cheapest 4.19% of stock, avg 11.02%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$227.50Aug 7$4.40$5.08$9.48$218.02$236.984.19%
$225.00Aug 7$5.83$4.15$9.98$215.02$234.984.41%
$230.00Aug 7$3.38$6.60$9.98$220.02$239.984.41%
$222.50Aug 7$7.23$2.86$10.09$212.41$232.594.46%
$220.00Aug 7$8.73$1.98$10.71$209.29$230.714.73%
$232.50Aug 7$2.55$8.50$11.05$221.45$243.554.88%
$235.00Aug 7$1.90$9.85$11.75$223.25$246.755.19%
$217.50Aug 7$10.73$1.39$12.12$205.38$229.625.35%
$215.00Aug 7$12.53$0.90$13.43$201.57$228.435.93%
$225.00Aug 14$7.50$6.83$14.33$210.67$239.336.33%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 1.05% of stock, avg 4.57%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$215.00Aug 7$1.48$0.90$2.38$212.62$239.88
$235.00$215.00Aug 7$1.90$0.90$2.80$212.20$237.80
$237.50$217.50Aug 7$1.48$1.39$2.87$214.63$240.37
$235.00$217.50Aug 7$1.90$1.39$3.29$214.21$238.29
$232.50$215.00Aug 7$2.55$0.90$3.45$211.55$235.95
$237.50$220.00Aug 7$1.48$1.98$3.46$216.54$240.96
$235.00$220.00Aug 7$1.90$1.98$3.88$216.12$238.88
$232.50$217.50Aug 7$2.55$1.39$3.94$213.56$236.44
$230.00$215.00Aug 7$3.38$0.90$4.28$210.72$234.28
$237.50$222.50Aug 7$1.48$2.86$4.34$218.16$241.84

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 214 found (best R:R 25.32, avg credit $2.87)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
200/202205/210Aug 14$4.81$0.1925.32$197.69$209.81
215/220225/230Sep 4$4.80$0.2024.00$215.20$229.80
192/195205/210Aug 14$4.79$0.2122.81$190.21$209.79
192/195208/210Aug 7$2.39$0.1121.73$192.61$209.89
192/195200/205Aug 14$4.76$0.2419.83$190.24$204.76
198/200205/210Aug 14$4.75$0.2519.00$195.25$209.75
190/192205/210Aug 14$4.73$0.2717.52$187.77$209.73
190/192200/205Aug 14$4.70$0.3015.67$187.80$204.70
200/205210/215Aug 28$4.68$0.3214.62$200.32$214.68
192/195200/202Aug 21$2.33$0.1713.71$192.67$202.33

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 119 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$245.00$250.00$255.00Aug 21$0.09$4.9154.56
$242.50$245.00$247.50Aug 7$0.06$2.4440.67
$195.00$200.00$205.00Aug 28$0.17$4.8328.41
$245.00$250.00$255.00Sep 4$0.17$4.8328.41
$232.50$235.00$237.50Aug 14$0.09$2.4126.78
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$245.00$250.00$255.00Aug 7$0.05$4.9599.00
$255.00$260.00$265.00Aug 14$0.07$4.9370.43
$235.00$240.00$245.00Aug 21$0.07$4.9370.43
$260.00$265.00$270.00Aug 14$0.10$4.9049.00
$192.50$195.00$197.50Aug 7$0.06$2.4440.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 107 found (best net $-1.39, 100 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$250.001:2Sep 11-$1.39$8.61
$255.00$260.001:2Aug 14-$0.21$4.79
$265.00$270.001:2Aug 21-$0.27$4.73
$265.00$270.001:2Aug 7-$0.28$4.72
$260.00$265.001:2Aug 14-$0.44$4.56
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$230.001:2Aug 14-$3.03$6.97
$190.00$185.001:2Aug 21-$0.16$4.84
$190.00$185.001:2Aug 14-$0.17$4.83
$190.00$185.001:2Aug 28-$0.39$4.61
$195.00$190.001:2Aug 28-$0.43$4.57

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 57 found (best yield 4.02%, avg 1.25%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$9.100.461.6%4.02%5.63%4--
$230.00Sep 4$8.250.461.6%3.64%5.25%9185
$230.00Aug 28$7.550.441.6%3.34%4.94%21352
$235.00Sep 11$7.150.403.8%3.16%6.98%--21
$227.50Aug 21$6.800.480.5%3.00%3.51%32506
$235.00Sep 4$6.750.403.8%2.98%6.80%1229
$230.00Aug 21$6.500.441.6%2.87%4.48%1764.6K
$240.00Sep 11$5.700.356.0%2.52%8.54%11
$235.00Aug 28$5.600.373.8%2.47%6.29%9203
$227.50Aug 14$5.100.460.5%2.25%2.76%1856

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 13,947
Total Puts 1,924
Put/Call Ratio 0.14
Net Difference 12,023

Prior's Put/Call Breakdown

Total Calls 15,235
Total Puts 8,626
Put/Call Ratio 1.00
Net Difference 6,609

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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Chart Title

Price — Past 7 Days

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