Tour v482
IBM
IBM CORP
$226.52 +1.28%
(8/3 10:00) ◀
|
Monday, August 3, 2026 (10:05am)
January 2026
|
▶ (8/3 10:10)
◀ 8/3 10:05 ▶

Option Volume

Detail
ℹ
Current (08/03 10:05am) 17,869
Calls: 15,644 (88%)
Puts: 2,225 (12%)
Prior (07/23) 43,469
Calls: 28,149 (65%)
Puts: 15,320 (35%)
Current vs Prior -58.89%
Calls: -44.42% (Calls)
Puts: -85.48% (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 -82.27%
Calls: -75.86%
Puts: -93.81%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03 10:05am) $8.23M
Calls: $6.39M (78%)
Puts: $1.84M (22%)
Prior (07/23) $20.05M
Calls: $7.61M (38%)
Puts: $12.44M (62%)
Current vs Prior -58.94%
Calls: -16.02%
Puts: -85.18%
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 -88.79%
Calls: -82.90%
Puts: -94.89%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03 10:05am) 0.14
Prior (07/23) 0.54
Current vs Prior -73.87%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -66.36%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/03 10:05am) 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
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 4.88% | 6.83%8.26% | 13.05%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +31.63% | +7.21%-20.93% | -12.37%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -2.01% | -9.95%-19.08% | -16.40%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +31.63% | +7.21%-1.90% | -0.83%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 11.80% | 16.62%
Calls: 6.27% | 9.79%
Puts: 17.34% | 23.44%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior -41.26% | -37.16%
Prior 7-Day Avg 16.02% | 15.61%
Calls: 13.11% | 12.45%
Puts: 18.93% | 18.76%
Current vs 7-Day Avg -26.35% | +6.50%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 78% of dollar volume in calls ($6.39M) vs puts ($1.84M). Light premium activity with dollar volume down 59% vs prior. Below-average activity with volume down 59% vs prior. Extreme bullish P/C ratio of 0.14 - heavy call buying (15,644 calls vs 2,225 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)
TimeSmart MoneyRetailOverall
10:05BULLISHBULLISHBULLISH
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 36 of results (avg 8.0%, best 3.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Aug 215.005.20$5.103.9%1.5K0.351.9K
$235.00Aug 71.902.00$1.955.1%5090.261.5K
$220.00Aug 2111.2011.90$11.556.1%1120.627.2K
$225.00Aug 75.405.75$5.586.3%2210.55993
$182.50Aug 742.4045.45$43.936.9%161.001
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$270.00Aug 2143.8546.55$45.206.0%--0.94789
$270.00Aug 1443.3046.35$44.836.8%--0.9733
$265.00Aug 2139.0041.75$40.386.8%--0.92676
$260.00Aug 2134.3537.00$35.677.4%90.91738
$265.00Aug 1438.4041.40$39.907.5%--0.9446

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.65, cheapest $0.32)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 70.300.33$0.329.4%1130.061.9K
$245.00Aug 70.520.63$0.5719.3%600.09757
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Aug 210.700.80$0.7513.3%340.073.1K
$215.00Aug 70.891.01$0.9512.6%1100.151.1K

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)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$182.50Aug 742.4045.45$43.936.9%161.001
$185.00Aug 739.9042.95$41.437.4%--1.0012
$187.50Aug 737.4040.45$38.927.8%--1.0010
$190.00Aug 734.9038.00$36.458.5%--1.0028
$192.50Aug 732.5535.45$34.008.5%--1.0011
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$270.00Aug 1443.3046.35$44.836.8%--0.9733
$255.00Aug 726.8029.85$28.3310.8%10.979
$257.50Aug 729.3032.30$30.809.7%10.95--
$250.00Aug 722.3024.95$23.6311.2%--0.9445
$265.00Aug 1438.4041.40$39.907.5%--0.9446

Most actively traded options today. High liquidity = easy entry/exit. 161 active (total vol 9.9K, top 2.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$232.50Aug 72.482.77$2.6311.0%2.3K0.32548
$235.00Aug 215.005.20$5.103.9%1.5K0.351.9K
$250.00Aug 211.802.20$2.0020.0%8370.177.6K
$230.00Aug 73.253.50$3.387.4%5650.391.7K
$240.00Aug 71.001.13$1.0712.1%5510.162.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 141.221.56$1.3924.5%1990.1482
$207.50Aug 70.230.30$0.2725.9%1240.051.4K
$215.00Aug 70.891.01$0.9512.6%1100.151.1K
$205.00Aug 140.871.15$1.0127.7%780.11864
$220.00Aug 71.892.20$2.0515.1%720.28846

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 56 strikes (avg 31.4%, max 116.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Aug 28101.1%46.8%116.0%--28
$190.00Aug 7Aug 2886.0%44.4%93.9%--153
$270.00Aug 7Aug 2888.8%47.7%86.2%--423
$265.00Aug 7Aug 2882.1%46.6%76.0%4563
$195.00Aug 7Aug 2873.0%43.4%68.2%--30
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Sep 4101.1%47.7%111.8%1198
$197.50Aug 7Aug 2188.7%44.3%100.5%5437
$190.00Aug 7Sep 486.0%43.6%97.3%11569
$195.00Aug 7Sep 1173.0%43.2%68.7%1399
$192.50Aug 7Aug 2159.3%43.4%36.7%6731

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 133 found (best R:R 44.45, avg 5.22)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$265.00$270.00Aug 21$0.24$4.76$0.2419.83$265.24
$265.00$270.00Aug 28$0.26$4.74$0.2618.23$265.26
$245.00$247.50Aug 7$0.15$2.35$0.1515.67$245.15
$255.00$257.50Aug 14$0.17$2.33$0.1713.71$255.17
$255.00$260.00Aug 21$0.38$4.62$0.3812.16$255.38
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Sep 4$0.11$4.89$0.1144.45$189.89
$190.00$185.00Aug 21$0.18$4.82$0.1826.78$189.82
$192.50$190.00Aug 14$0.10$2.40$0.1024.00$192.40
$190.00$185.00Aug 28$0.20$4.80$0.2024.00$189.80
$197.50$195.00Aug 14$0.12$2.38$0.1219.83$197.38

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 178 found (best R:R 40.67, avg 3.23)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$185.00$190.00Aug 28$4.88$4.88$0.1240.67$189.88
$195.00$200.00Aug 14$4.87$4.87$0.1337.46$199.87
$190.00$195.00Aug 21$4.84$4.84$0.1630.25$194.84
$195.00$197.50Aug 21$2.38$2.38$0.1219.83$197.38
$195.00$200.00Aug 7$4.75$4.75$0.2519.00$199.75
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$265.00$260.00Aug 14$4.87$4.87$0.1337.46$260.13
$260.00$255.00Aug 21$4.82$4.82$0.1826.78$255.18
$270.00$265.00Aug 21$4.82$4.82$0.1826.78$265.18
$260.00$255.00Aug 14$4.80$4.80$0.2024.00$255.20
$250.00$245.00Aug 7$4.78$4.78$0.2221.73$245.22

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 48 found (avg debit $1.41, cheapest $0.13)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$265.00Aug 7Aug 14$0.1382.1%55.4%
$257.50Aug 7Aug 14$0.1471.6%48.6%
$260.00Aug 7Aug 14$0.3162.4%49.8%
$205.00Aug 7Aug 14$0.4554.2%45.2%
$250.00Aug 7Aug 14$0.4656.8%44.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$195.00Aug 7Aug 14$0.1873.0%49.2%
$192.50Aug 7Aug 14$0.2059.3%48.2%
$270.00Aug 14Aug 21$0.3750.1%48.2%
$200.00Aug 7Aug 14$0.4356.5%45.7%
$265.00Aug 14Aug 21$0.4855.4%48.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 90 found (cheapest 4.22% of stock, avg 10.96%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$222.50Aug 7$6.83$2.74$9.57$212.93$232.074.22%
$225.00Aug 7$5.58$4.03$9.61$215.39$234.614.24%
$227.50Aug 7$4.28$5.48$9.76$217.74$237.264.31%
$230.00Aug 7$3.38$6.60$9.98$220.02$239.984.41%
$220.00Aug 7$8.48$2.05$10.53$209.47$230.534.65%
$232.50Aug 7$2.63$8.50$11.13$221.37$243.634.91%
$235.00Aug 7$1.95$9.80$11.75$223.25$246.755.19%
$217.50Aug 7$10.40$1.38$11.78$205.72$229.285.20%
$215.00Aug 7$12.28$0.95$13.23$201.77$228.235.84%
$225.00Aug 14$7.15$6.85$14.00$211.00$239.006.18%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 1.05% of stock, avg 4.59%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$215.00Aug 7$1.43$0.95$2.38$212.62$239.88
$237.50$217.50Aug 7$1.43$1.38$2.81$214.69$240.31
$235.00$215.00Aug 7$1.95$0.95$2.90$212.10$237.90
$235.00$217.50Aug 7$1.95$1.38$3.33$214.17$238.33
$237.50$220.00Aug 7$1.43$2.05$3.48$216.52$240.98
$232.50$215.00Aug 7$2.63$0.95$3.58$211.42$236.08
$232.50$217.50Aug 7$2.63$1.38$4.01$213.49$236.51
$235.00$220.00Aug 7$1.95$2.05$4.00$216.00$239.00
$237.50$222.50Aug 7$1.43$2.74$4.17$218.33$241.67
$230.00$215.00Aug 7$3.38$0.95$4.33$210.67$234.33

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 204 found (best R:R 25.32, avg credit $2.88)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
205/208210/215Aug 14$4.81$0.1925.32$202.69$214.81
192/195210/212Aug 21$2.39$0.1121.73$192.61$212.39
198/200210/212Aug 21$2.39$0.1121.73$197.61$212.39
190/195200/205Aug 28$4.76$0.2419.83$190.24$204.76
210/215220/225Aug 28$4.76$0.2419.83$210.24$224.76
192/195200/205Aug 14$4.74$0.2618.23$190.26$204.74
192/195215/218Aug 14$2.36$0.1416.86$192.64$217.36
195/198200/205Aug 14$4.72$0.2816.86$192.78$204.72
190/192200/205Aug 14$4.70$0.3015.67$187.80$204.70
185/190195/200Aug 28$4.70$0.3015.67$185.30$199.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 119 found (best R:R 82.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$232.50$235.00$237.50Aug 21$0.05$2.4549.00
$205.00$210.00$215.00Aug 28$0.10$4.9049.00
$190.00$195.00$200.00Aug 14$0.11$4.8944.45
$185.00$190.00$195.00Aug 21$0.12$4.8840.67
$260.00$265.00$270.00Aug 28$0.12$4.8840.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$260.00$265.00$270.00Aug 14$0.06$4.9482.33
$255.00$260.00$265.00Aug 14$0.07$4.9370.43
$200.00$205.00$210.00Sep 4$0.09$4.9154.56
$260.00$265.00$270.00Aug 21$0.11$4.8944.45
$250.00$255.00$260.00Aug 14$0.12$4.8840.67

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 $-1.59, 101 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$250.001:2Sep 11-$1.59$8.41
$265.00$270.001:2Aug 21-$0.27$4.73
$265.00$270.001:2Aug 7-$0.28$4.72
$250.00$255.001:2Aug 21-$0.44$4.56
$255.00$260.001:2Aug 21-$0.46$4.54
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$230.001:2Aug 14-$2.88$7.12
$190.00$185.001:2Aug 14-$0.17$4.83
$190.00$185.001:2Aug 21-$0.18$4.82
$195.00$190.001:2Aug 28-$0.41$4.59
$190.00$185.001:2Aug 28-$0.42$4.58

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 1.28%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$9.100.461.5%4.02%5.55%4--
$230.00Sep 4$8.250.451.5%3.64%5.18%9185
$230.00Aug 28$7.750.441.5%3.42%4.96%23352
$235.00Sep 11$6.950.403.7%3.07%6.81%--21
$227.50Aug 21$6.800.480.4%3.00%3.43%32506
$235.00Sep 4$6.700.393.7%2.96%6.70%1229
$230.00Aug 21$6.350.431.5%2.80%4.34%1814.6K
$235.00Aug 28$5.850.373.7%2.58%6.33%9203
$227.50Aug 14$5.800.460.4%2.56%2.99%1856
$240.00Sep 11$5.700.356.0%2.52%8.47%11

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 15,644
Total Puts 2,225
Put/Call Ratio 0.14
Net Difference 13,419

Prior's Put/Call Breakdown

Total Calls 28,149
Total Puts 15,320
Put/Call Ratio 0.54
Net Difference 12,829

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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