Tour v482
IBM
IBM CORP
$225.22 +0.70%
8/3 10:15

Option Volume

Detail
Current (08/03 10:15am) 20,287
Calls: 17,402 (86%)
Puts: 2,885 (14%)
Prior (07/23) 43,469
Calls: 28,149 (65%)
Puts: 15,320 (35%)
Current vs Prior -53.33%
Calls: -38.18% (Calls)
Puts: -81.17% (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 -79.87%
Calls: -73.15%
Puts: -91.98%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/03 10:15am) $10.97M
Calls: $7.60M (69%)
Puts: $3.37M (31%)
Prior (07/23) $20.05M
Calls: $7.61M (38%)
Puts: $12.44M (62%)
Current vs Prior -45.30%
Calls: -0.10%
Puts: -72.95%
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 -85.06%
Calls: -79.66%
Puts: -90.67%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/03 10:15am) 0.17
Prior (07/23) 0.54
Current vs Prior -69.54%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -60.78%
Sentiment BULLISH

Open Interest

Detail
Current (08/03 10:15am) 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
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 4.62% | 7.06%8.30% | 13.08%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +24.61% | +10.83%-20.47% | -12.16%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -7.23% | -6.92%-18.61% | -16.20%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +24.61% | +10.83%-1.33% | -0.60%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 16.34% | 14.55%
Calls: 3.11% | 11.40%
Puts: 29.57% | 17.70%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior -18.67% | -44.99%
Prior 7-Day Avg 16.02% | 15.61%
Calls: 13.11% | 12.45%
Puts: 18.93% | 18.76%
Current vs 7-Day Avg +1.99% | -6.76%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 69% call dollar volume ($7.60M). Below-average activity with volume down 53% vs prior. Extreme bullish P/C ratio of 0.17 - heavy call buying (17,402 calls vs 2,885 puts). P/C ratio dropping 70% - 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
10:15BULLISHBULLISHBULLISH
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 30 of results (avg 8.0%, best 3.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Aug 74.754.90$4.833.1%2780.52993
$230.00Aug 72.782.95$2.875.9%6180.361.7K
$195.00Aug 729.0030.80$29.906.0%--1.0018
$182.50Aug 741.9544.80$43.386.6%161.001
$227.50Aug 145.205.60$5.407.4%390.4456
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 281.972.07$2.025.0%250.14513
$265.00Aug 2140.2542.85$41.556.3%--0.93676
$270.00Aug 2144.7548.00$46.387.0%10.94789
$270.00Aug 1444.4547.85$46.157.4%--0.9733
$222.50Aug 73.153.40$3.287.6%600.4097

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.79, cheapest $0.50)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$240.00Aug 70.830.98$0.9116.5%5870.142.2K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Aug 70.450.54$0.5018.0%340.091.1K
$195.00Aug 210.750.88$0.8215.9%360.083.1K
$190.00Aug 280.831.00$0.9218.5%310.07722

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 93 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$182.50Aug 741.9544.80$43.386.6%161.001
$185.00Aug 738.9042.30$40.608.4%--1.0012
$187.50Aug 736.4039.80$38.108.9%--1.0010
$190.00Aug 733.9037.30$35.609.6%--1.0028
$192.50Aug 731.6034.85$33.239.8%--1.0011
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$270.00Aug 1444.4547.85$46.157.4%--0.9733
$255.00Aug 727.9531.35$29.6511.5%10.979
$265.00Aug 1439.5043.15$41.338.8%--0.9546
$257.50Aug 730.4533.60$32.039.8%10.95--
$250.00Aug 723.5526.15$24.8510.5%--0.9445

Most actively traded options today. High liquidity = easy entry/exit. 170 active (total vol 11.6K, top 2.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$232.50Aug 72.102.27$2.197.8%2.3K0.29548
$235.00Aug 214.304.70$4.508.9%1.5K0.331.9K
$250.00Aug 211.581.90$1.7418.4%1.5K0.157.6K
$230.00Aug 72.782.95$2.875.9%6180.361.7K
$240.00Aug 70.830.98$0.9116.5%5870.142.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 141.211.61$1.4128.4%1990.1582
$207.50Aug 70.230.38$0.3148.4%1300.061.4K
$220.00Aug 72.302.50$2.408.3%1180.32846
$215.00Aug 70.961.20$1.0822.2%1150.171.1K
$205.00Aug 140.881.15$1.0126.7%880.12864

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 29.8%, max 111.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Aug 2897.6%46.1%111.9%--28
$270.00Aug 7Aug 2890.9%49.5%83.6%--423
$265.00Aug 7Aug 2884.2%47.1%78.8%4563
$190.00Aug 7Aug 2878.7%45.2%74.3%--153
$195.00Aug 7Aug 2871.1%44.5%59.9%--30
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Sep 497.6%47.5%105.7%1198
$197.50Aug 7Aug 2186.5%44.0%96.7%5437
$190.00Aug 7Sep 478.7%43.4%81.6%11569
$195.00Aug 7Sep 1171.1%42.8%66.0%1399
$200.00Aug 7Sep 1154.7%41.3%32.7%481.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 131 found (best R:R 44.45, avg 5.78)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$265.00$270.00Aug 21$0.13$4.87$0.1337.46$265.13
$265.00$270.00Aug 28$0.13$4.87$0.1337.46$265.13
$260.00$265.00Aug 21$0.21$4.79$0.2122.81$260.21
$250.00$252.50Aug 7$0.11$2.39$0.1121.73$250.11
$245.00$247.50Aug 7$0.17$2.33$0.1713.71$245.17
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
$200.00$197.50Aug 14$0.15$2.35$0.1515.67$199.85
$197.50$195.00Aug 14$0.16$2.34$0.1614.63$197.34

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 185 found (best R:R 40.67, avg 3.10)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$195.00$200.00Aug 14$4.75$4.75$0.2519.00$199.75
$190.00$192.50Aug 7$2.37$2.37$0.1318.23$192.37
$195.00$197.50Aug 21$2.37$2.37$0.1318.23$197.37
$202.50$205.00Aug 21$2.33$2.33$0.1713.71$204.83
$200.00$205.00Aug 14$4.65$4.65$0.3513.29$204.65
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$260.00$255.00Aug 14$4.88$4.88$0.1240.67$255.12
$270.00$265.00Aug 21$4.83$4.83$0.1728.41$265.17
$270.00$265.00Aug 14$4.82$4.82$0.1826.78$265.18
$255.00$250.00Aug 7$4.80$4.80$0.2024.00$250.20
$250.00$245.00Aug 21$4.78$4.78$0.2221.73$245.22

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 50 found (avg debit $1.39, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$190.00Aug 7Aug 14$0.0778.7%46.1%
$257.50Aug 7Aug 14$0.1174.0%49.2%
$260.00Aug 7Aug 14$0.2965.1%50.6%
$200.00Aug 7Aug 14$0.3254.7%46.4%
$255.00Aug 7Aug 14$0.3659.7%47.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$195.00Aug 7Aug 14$0.1371.1%46.9%
$192.50Aug 7Aug 14$0.2057.8%47.5%
$265.00Aug 14Aug 21$0.2254.3%47.6%
$270.00Aug 14Aug 21$0.2351.4%49.3%
$200.00Aug 7Aug 14$0.5254.7%46.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 92 found (cheapest 4.16% of stock, avg 10.92%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$227.50Aug 7$3.78$5.58$9.36$218.14$236.864.16%
$225.00Aug 7$4.83$4.60$9.43$215.57$234.434.19%
$222.50Aug 7$6.28$3.28$9.56$212.94$232.064.24%
$230.00Aug 7$2.87$7.15$10.02$219.98$240.024.45%
$220.00Aug 7$8.03$2.40$10.43$209.57$230.434.63%
$217.50Aug 7$9.23$1.64$10.87$206.63$228.374.83%
$232.50Aug 7$2.19$8.75$10.94$221.56$243.444.86%
$235.00Aug 7$1.64$10.65$12.29$222.71$247.295.46%
$215.00Aug 7$12.30$1.08$13.38$201.62$228.385.94%
$225.00Aug 14$6.58$7.15$13.73$211.27$238.736.10%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 1.02% of stock, avg 4.59%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$215.00Aug 7$1.22$1.08$2.30$212.70$239.80
$235.00$215.00Aug 7$1.64$1.08$2.72$212.28$237.72
$237.50$217.50Aug 7$1.22$1.64$2.86$214.64$240.36
$232.50$215.00Aug 7$2.19$1.08$3.27$211.73$235.77
$235.00$217.50Aug 7$1.64$1.64$3.28$214.22$238.28
$237.50$220.00Aug 7$1.22$2.40$3.62$216.38$241.12
$232.50$217.50Aug 7$2.19$1.64$3.83$213.67$236.33
$230.00$215.00Aug 7$2.87$1.08$3.95$211.05$233.95
$235.00$220.00Aug 7$1.64$2.40$4.04$215.96$239.04
$230.00$217.50Aug 7$2.87$1.64$4.51$212.99$234.51

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 210 found (best R:R 44.45, avg credit $2.87)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
185/190195/200Aug 28$4.89$0.1144.45$185.11$199.89
190/192195/200Aug 14$4.85$0.1532.33$187.65$199.85
195/198200/205Aug 14$4.81$0.1925.32$192.69$204.81
190/192200/205Aug 14$4.75$0.2519.00$187.75$204.75
200/205210/215Aug 28$4.75$0.2519.00$200.25$214.75
212/215220/222Aug 14$2.36$0.1416.86$212.64$222.36
200/202205/210Aug 14$4.71$0.2916.24$197.79$209.71
202/205208/210Aug 21$2.35$0.1515.67$202.65$209.85
218/220225/228Aug 14$2.31$0.1912.16$217.69$227.31
202/205212/215Aug 21$2.30$0.2011.50$202.70$214.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 121 found (best R:R 61.50, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$260.00$265.00$270.00Aug 21$0.08$4.9261.50
$190.00$195.00$200.00Aug 28$0.08$4.9261.50
$237.50$240.00$242.50Aug 7$0.05$2.4549.00
$195.00$200.00$205.00Aug 14$0.10$4.9049.00
$250.00$255.00$260.00Aug 21$0.10$4.9049.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$190.00$195.00$200.00Aug 28$0.08$4.9261.50
$210.00$215.00$220.00Sep 4$0.09$4.9154.56
$207.50$210.00$212.50Aug 7$0.06$2.4440.67
$250.00$255.00$260.00Aug 14$0.13$4.8737.46
$260.00$265.00$270.00Aug 21$0.13$4.8737.46

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 $-1.53, 99 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$250.001:2Sep 11-$1.53$8.47
$265.00$270.001:2Aug 7-$0.28$4.72
$260.00$265.001:2Aug 14-$0.32$4.68
$265.00$270.001:2Aug 21-$0.37$4.63
$260.00$265.001:2Aug 21-$0.42$4.58
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
$190.00$185.001:2Aug 28-$0.28$4.72
$195.00$190.001:2Sep 4-$0.31$4.69
$195.00$190.001:2Aug 28-$0.41$4.59

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 4.02%, avg 1.26%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$9.050.462.1%4.02%6.14%4--
$230.00Sep 4$8.150.452.1%3.62%5.74%9185
$230.00Aug 28$7.500.442.1%3.33%5.45%23352
$235.00Sep 11$7.050.404.3%3.13%7.47%--21
$227.50Aug 21$6.800.461.0%3.02%4.03%33506
$235.00Sep 4$6.550.394.3%2.91%7.25%1229
$230.00Aug 21$5.850.412.1%2.60%4.72%2164.6K
$235.00Aug 28$5.550.364.3%2.46%6.81%17203
$240.00Sep 11$5.400.346.6%2.40%8.96%11
$227.50Aug 14$5.200.441.0%2.31%3.32%3956

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 17,402
Total Puts 2,885
Put/Call Ratio 0.17
Net Difference 14,517

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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