Tour v482
IBM
IBM CORP
$225.43 +0.80%
(8/3 10:05) ◀
|
Monday, August 3, 2026 (10:10am)
January 2026
|
▶ (8/3 10:15)
◀ 8/3 10:10 ▶

Option Volume

Detail
ℹ
Current (08/03 10:10am) 19,460
Calls: 16,847 (87%)
Puts: 2,613 (13%)
Prior (07/23) 43,469
Calls: 28,149 (65%)
Puts: 15,320 (35%)
Current vs Prior -55.23%
Calls: -40.15% (Calls)
Puts: -82.94% (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 -80.69%
Calls: -74.01%
Puts: -92.73%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03 10:10am) $10.35M
Calls: $7.32M (71%)
Puts: $3.03M (29%)
Prior (07/23) $20.05M
Calls: $7.61M (38%)
Puts: $12.44M (62%)
Current vs Prior -48.37%
Calls: -3.79%
Puts: -75.63%
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 -85.90%
Calls: -80.41%
Puts: -91.59%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03 10:10am) 0.16
Prior (07/23) 0.54
Current vs Prior -71.50%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -63.31%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/03 10:10am) 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 4.60% | 6.97%8.32% | 13.05%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +24.14% | +9.40%-20.33% | -12.39%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -7.59% | -8.11%-18.47% | -16.42%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +24.14% | +9.40%-1.16% | -0.86%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 16.62% | 11.01%
Calls: 7.92% | 12.45%
Puts: 25.33% | 9.57%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior -17.27% | -58.37%
Prior 7-Day Avg 16.02% | 15.61%
Calls: 13.11% | 12.45%
Puts: 18.93% | 18.76%
Current vs 7-Day Avg +3.74% | -29.45%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 71% call dollar volume ($7.32M). Below-average activity with volume down 55% vs prior. Extreme bullish P/C ratio of 0.16 - heavy call buying (16,847 calls vs 2,613 puts). P/C ratio dropping 72% - 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 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
10:10BULLISHBULLISHBULLISH
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 38 of results (avg 8.0%, best 4.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Aug 71.651.72$1.694.1%5550.241.5K
$190.00Aug 2834.8537.10$35.986.3%--0.95125
$195.00Aug 730.0031.95$30.986.3%--0.9718
$182.50Aug 742.3545.15$43.756.4%161.001
$185.00Aug 739.9042.65$41.286.7%--0.9812
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$265.00Aug 2140.2542.40$41.335.2%--0.92676
$260.00Aug 2135.4037.55$36.475.9%90.91738
$270.00Aug 2144.2547.25$45.756.6%10.94789
$270.00Aug 1444.1047.25$45.686.9%--0.9733
$225.00Aug 218.559.20$8.887.3%340.49513

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.86, cheapest $0.77)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 70.901.02$0.9612.5%5660.152.2K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Aug 210.710.84$0.7716.9%360.073.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 93 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 1434.8537.75$36.308.0%--1.0050
$195.00Aug 1429.9032.75$31.339.1%--1.0042
$185.00Aug 2139.4542.70$41.087.9%--1.0038
$185.00Aug 2839.5542.75$41.157.8%--1.0016
$182.50Aug 742.3545.15$43.756.4%161.001
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Aug 727.6030.75$29.1810.8%11.009
$270.00Aug 1444.1047.25$45.686.9%--0.9733
$250.00Aug 723.5526.05$24.8010.1%--0.9645
$257.50Aug 730.1033.10$31.609.5%10.96--
$265.00Aug 1439.1542.30$40.727.7%--0.9446

Most actively traded options today. High liquidity = easy entry/exit. 167 active (total vol 11.0K, top 2.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$232.50Aug 72.122.40$2.2612.4%2.3K0.30548
$250.00Aug 211.651.90$1.7814.0%1.5K0.157.6K
$235.00Aug 214.604.95$4.787.3%1.5K0.341.9K
$230.00Aug 72.833.10$2.979.1%5990.371.7K
$240.00Aug 70.901.02$0.9612.5%5660.152.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 141.211.56$1.3925.2%1990.1582
$207.50Aug 70.230.33$0.2835.7%1300.051.4K
$215.00Aug 70.871.15$1.0127.7%1130.161.1K
$220.00Aug 72.212.40$2.308.3%980.30846
$205.00Aug 140.881.15$1.0126.7%780.11864

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 57 strikes (avg 30.1%, max 111.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Aug 2898.3%46.4%111.7%--28
$270.00Aug 7Aug 2889.4%48.1%86.0%--423
$190.00Aug 7Aug 2880.0%44.0%81.8%--153
$265.00Aug 7Aug 2882.7%47.1%75.8%4563
$195.00Aug 7Aug 2872.4%43.3%67.4%--30
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Sep 498.3%47.7%106.0%1198
$197.50Aug 7Aug 2188.1%43.4%102.9%5437
$190.00Aug 7Sep 480.0%43.6%83.7%11569
$195.00Aug 7Sep 1172.4%43.1%67.9%1399
$192.50Aug 7Aug 2158.8%42.8%37.5%6731

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 130 found (best R:R 49.00, avg 5.39)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$252.50$255.00Aug 14$0.12$2.38$0.1219.83$252.62
$265.00$270.00Aug 21$0.24$4.76$0.2419.83$265.24
$245.00$247.50Aug 14$0.13$2.37$0.1318.23$245.13
$265.00$270.00Aug 28$0.26$4.74$0.2618.23$265.26
$245.00$247.50Aug 7$0.16$2.34$0.1614.62$245.16
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Sep 4$0.10$4.90$0.1049.00$189.90
$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 21$0.14$2.36$0.1416.86$197.36

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 180 found (best R:R 49.00, avg 3.05)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$200.00$205.00Aug 14$4.90$4.90$0.1049.00$204.90
$195.00$200.00Aug 14$4.83$4.83$0.1728.41$199.83
$205.00$207.50Aug 7$2.40$2.40$0.1024.00$207.40
$190.00$195.00Aug 21$4.75$4.75$0.2519.00$194.75
$195.00$197.50Aug 21$2.37$2.37$0.1318.23$197.37
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$265.00$260.00Aug 21$4.86$4.86$0.1434.71$260.14
$260.00$255.00Aug 14$4.77$4.77$0.2320.74$255.23
$255.00$250.00Aug 14$4.75$4.75$0.2519.00$250.25
$260.00$255.00Aug 28$4.70$4.70$0.3015.67$255.30
$255.00$250.00Aug 21$4.68$4.68$0.3214.62$250.32

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 51 found (avg debit $1.36, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$257.50Aug 7Aug 14$0.1372.2%49.0%
$265.00Aug 7Aug 14$0.1382.7%56.0%
$205.00Aug 7Aug 14$0.1552.2%44.5%
$200.00Aug 7Aug 14$0.2556.0%45.8%
$260.00Aug 7Aug 14$0.2964.1%50.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$270.00Aug 14Aug 21$0.0751.1%49.1%
$195.00Aug 7Aug 14$0.1372.4%47.3%
$192.50Aug 7Aug 14$0.2058.8%47.7%
$200.00Aug 7Aug 14$0.4656.0%45.8%
$265.00Aug 14Aug 21$0.6156.0%49.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 92 found (cheapest 4.07% of stock, avg 10.95%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$225.00Aug 7$5.05$4.13$9.18$215.82$234.184.07%
$227.50Aug 7$3.95$5.33$9.28$218.22$236.784.12%
$222.50Aug 7$6.58$3.23$9.81$212.69$232.314.35%
$230.00Aug 7$2.97$7.20$10.17$219.83$240.174.51%
$220.00Aug 7$8.23$2.30$10.53$209.47$230.534.67%
$232.50Aug 7$2.26$8.60$10.86$221.64$243.364.82%
$217.50Aug 7$9.53$1.55$11.08$206.42$228.584.92%
$235.00Aug 7$1.69$10.48$12.17$222.83$247.175.40%
$215.00Aug 7$12.45$1.01$13.46$201.54$228.465.97%
$225.00Aug 14$6.83$7.08$13.91$211.09$238.916.17%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 1.00% of stock, avg 4.60%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$215.00Aug 7$1.24$1.01$2.25$212.75$239.75
$235.00$215.00Aug 7$1.69$1.01$2.70$212.30$237.70
$237.50$217.50Aug 7$1.24$1.55$2.79$214.71$240.29
$235.00$217.50Aug 7$1.69$1.55$3.24$214.26$238.24
$232.50$215.00Aug 7$2.26$1.01$3.27$211.73$235.77
$237.50$220.00Aug 7$1.24$2.30$3.54$216.46$241.04
$232.50$217.50Aug 7$2.26$1.55$3.81$213.69$236.31
$230.00$215.00Aug 7$2.97$1.01$3.98$211.02$233.98
$235.00$220.00Aug 7$1.69$2.30$3.99$216.01$238.99
$237.50$222.50Aug 7$1.24$3.23$4.47$218.03$241.97

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 196 found (best R:R 24.00, avg credit $2.87)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
218/220225/228Aug 14$2.40$0.1024.00$217.60$227.40
195/198202/205Aug 21$2.39$0.1121.73$195.11$204.89
195/200210/215Aug 28$4.77$0.2320.74$195.23$214.77
195/198200/202Aug 21$2.37$0.1318.23$195.13$202.37
200/202205/208Aug 21$2.37$0.1318.23$200.13$207.37
185/190195/200Aug 28$4.73$0.2717.52$185.27$199.73
192/195208/210Aug 21$2.35$0.1515.67$192.65$209.85
198/200205/208Aug 21$2.35$0.1515.67$197.65$207.35
215/220225/230Sep 4$4.68$0.3214.62$215.32$229.68
208/210218/220Aug 14$2.32$0.1812.89$207.68$219.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 113 found (best R:R 54.56, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Aug 28$0.09$4.9154.56
$202.50$205.00$207.50Aug 7$0.05$2.4549.00
$195.00$197.50$200.00Aug 21$0.05$2.4549.00
$237.50$240.00$242.50Aug 7$0.06$2.4440.67
$260.00$265.00$270.00Aug 28$0.12$4.8840.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$235.00$240.00$245.00Aug 21$0.11$4.8944.45
$245.00$250.00$255.00Aug 14$0.12$4.8840.67
$205.00$207.50$210.00Aug 7$0.07$2.4334.71
$192.50$195.00$197.50Aug 14$0.07$2.4334.71
$255.00$260.00$265.00Aug 14$0.15$4.8532.33

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 $-1.59, 100 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
$255.00$260.001:2Aug 21-$0.36$4.64
$260.00$265.001:2Aug 14-$0.48$4.52
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$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-$0.37$4.63
$190.00$185.001:2Aug 28-$0.42$4.58
$195.00$190.001:2Sep 4-$0.49$4.51

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 57 found (best yield 4.04%, avg 1.27%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$9.100.462.0%4.04%6.06%4--
$230.00Sep 4$8.250.452.0%3.66%5.69%9185
$235.00Sep 11$7.600.414.2%3.37%7.62%--21
$230.00Aug 28$7.500.442.0%3.33%5.35%23352
$227.50Aug 21$6.800.470.9%3.02%3.93%32506
$235.00Sep 4$6.800.394.2%3.02%7.26%1229
$230.00Aug 21$6.100.422.0%2.71%4.73%1854.6K
$235.00Aug 28$5.850.374.2%2.60%6.84%17203
$240.00Sep 11$5.700.356.5%2.53%8.99%11
$232.50Aug 21$5.200.383.1%2.31%5.44%5683

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 16,847
Total Puts 2,613
Put/Call Ratio 0.16
Net Difference 14,234

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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