Tour v482
IBM
IBM CORP
$225.42 +0.79%
(8/3 10:15) ◀
|
Monday, August 3, 2026 (10:20am)
January 2026
|
▶ (8/3 10:25)
◀ 8/3 10:20 ▶

Option Volume

Detail
ℹ
Current (08/03 10:20am) 21,553
Calls: 18,528 (86%)
Puts: 3,025 (14%)
Prior (07/23) 43,469
Calls: 28,149 (65%)
Puts: 15,320 (35%)
Current vs Prior -50.42%
Calls: -34.18% (Calls)
Puts: -80.25% (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 -78.61%
Calls: -71.42%
Puts: -91.59%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03 10:20am) $12.82M
Calls: $9.36M (73%)
Puts: $3.46M (27%)
Prior (07/23) $20.05M
Calls: $7.61M (38%)
Puts: $12.44M (62%)
Current vs Prior -36.08%
Calls: +22.94%
Puts: -72.18%
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 -82.55%
Calls: -74.97%
Puts: -90.40%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03 10:20am) 0.16
Prior (07/23) 0.54
Current vs Prior -70.00%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -61.37%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/03 10:20am) 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 4.85% | 7.02%8.34% | 13.16%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +30.72% | +10.24%-20.12% | -11.61%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -2.68% | -7.41%-18.25% | -15.68%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +30.72% | +10.24%-0.89% | +0.02%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 12.01% | 11.22%
Calls: 8.00% | 8.23%
Puts: 16.02% | 14.21%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior -40.22% | -57.58%
Prior 7-Day Avg 16.02% | 15.61%
Calls: 13.11% | 12.45%
Puts: 18.93% | 18.76%
Current vs 7-Day Avg -25.04% | -28.10%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 73% call dollar volume ($9.36M). Below-average activity with volume down 50% vs prior. Extreme bullish P/C ratio of 0.16 - heavy call buying (18,528 calls vs 3,025 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
10:20BULLISHBULLISHBULLISH
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 52 of results (avg 7.9%, best 5.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$195.00Aug 729.3530.95$30.155.3%--0.9918
$182.50Aug 741.9544.40$43.185.7%161.001
$195.00Aug 2829.7531.65$30.706.2%--0.9112
$185.00Aug 2839.3542.05$40.706.6%--1.0016
$225.00Aug 218.008.55$8.286.6%230.501.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 281.992.10$2.055.4%340.15513
$215.00Aug 71.041.10$1.075.6%1180.171.1K
$265.00Aug 2140.3042.80$41.556.0%20.93676
$225.00Aug 218.859.40$9.136.0%370.50513
$235.00Aug 710.8011.50$11.156.3%--0.77119

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 7 found (avg $0.73, cheapest $0.38)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$247.50Aug 70.350.41$0.3815.8%100.0742
$245.00Aug 70.460.54$0.5016.0%670.08757
$242.50Aug 70.630.71$0.6711.9%630.11297
$240.00Aug 70.810.98$0.9018.9%6010.142.2K
$260.00Aug 210.851.00$0.9316.1%430.095.8K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$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. 92 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 1434.0037.00$35.508.5%--1.0050
$195.00Aug 1428.9532.05$30.5010.2%--1.0042
$185.00Aug 2138.7042.00$40.358.2%--1.0038
$190.00Aug 2133.7537.05$35.409.3%--1.00162
$185.00Aug 2839.3542.05$40.706.6%--1.0016
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Aug 727.9531.00$29.4810.3%11.009
$270.00Aug 1444.4547.50$45.986.6%--0.9733
$265.00Aug 1439.5042.60$41.057.6%--0.9546
$257.50Aug 730.4533.50$31.989.5%10.95--
$260.00Aug 1434.6037.70$36.158.6%--0.9437

Most actively traded options today. High liquidity = easy entry/exit. 172 active (total vol 11.9K, top 2.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$232.50Aug 72.092.30$2.199.6%2.3K0.29548
$235.00Aug 214.404.80$4.608.7%1.5K0.331.9K
$250.00Aug 211.701.89$1.8010.6%1.5K0.157.6K
$230.00Aug 72.783.05$2.929.2%6280.361.7K
$240.00Aug 70.810.98$0.9018.9%6010.142.2K
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 72.172.50$2.3414.1%1210.31846
$215.00Aug 71.041.10$1.075.6%1180.171.1K
$205.00Aug 140.961.15$1.0617.9%890.12864

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 27.4%, max 114.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Aug 2898.7%46.0%114.5%--28
$265.00Aug 7Aug 2883.5%47.2%77.0%4563
$270.00Aug 7Aug 2887.4%49.6%76.3%--423
$190.00Aug 7Aug 2870.4%45.1%56.2%--153
$260.00Aug 7Sep 463.6%44.9%41.9%34873
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Sep 498.7%47.1%109.5%1198
$197.50Aug 7Aug 2190.2%43.8%106.2%6437
$190.00Aug 7Sep 470.4%43.0%63.9%16569
$195.00Aug 7Sep 1162.2%43.8%42.1%1399
$255.00Aug 7Aug 2860.8%46.2%31.7%119

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 135 found (best R:R 44.45, avg 5.45)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$265.00$270.00Aug 21$0.12$4.88$0.1240.67$265.12
$265.00$270.00Aug 28$0.13$4.87$0.1337.46$265.13
$245.00$247.50Aug 7$0.12$2.38$0.1219.83$245.12
$257.50$260.00Aug 7$0.14$2.36$0.1416.86$257.64
$255.00$260.00Aug 21$0.30$4.70$0.3015.67$255.30
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
$207.50$205.00Aug 7$0.13$2.37$0.1318.23$207.37
$202.50$200.00Aug 14$0.13$2.37$0.1318.23$202.37
$200.00$197.50Aug 14$0.15$2.35$0.1515.67$199.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 182 found (best R:R 49.00, avg 3.00)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$190.00$192.50Aug 7$2.39$2.39$0.1121.73$192.39
$195.00$200.00Aug 14$4.77$4.77$0.2320.74$199.77
$195.00$197.50Aug 21$2.37$2.37$0.1318.23$197.37
$200.00$205.00Aug 14$4.68$4.68$0.3214.62$204.68
$190.00$195.00Aug 21$4.65$4.65$0.3513.29$194.65
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$265.00$260.00Aug 14$4.90$4.90$0.1049.00$260.10
$260.00$255.00Aug 14$4.82$4.82$0.1826.78$255.18
$242.50$240.00Aug 7$2.40$2.40$0.1024.00$240.10
$250.00$245.00Aug 7$4.80$4.80$0.2024.00$245.20
$265.00$260.00Aug 21$4.77$4.77$0.2320.74$260.23

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 51 found (avg debit $1.33, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Aug 7Aug 14$0.0553.6%46.2%
$190.00Aug 7Aug 14$0.0870.4%48.2%
$257.50Aug 7Aug 14$0.2268.7%49.4%
$260.00Aug 7Aug 14$0.3063.6%50.7%
$255.00Aug 7Aug 14$0.3360.8%47.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$190.00Aug 7Aug 14$0.1070.4%48.2%
$192.50Aug 7Aug 14$0.2056.9%47.1%
$195.00Aug 7Aug 14$0.2462.2%46.8%
$270.00Aug 14Aug 21$0.2551.6%49.6%
$265.00Aug 14Aug 21$0.5054.5%47.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 92 found (cheapest 4.16% of stock, avg 10.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$225.00Aug 7$5.00$4.38$9.38$215.62$234.384.16%
$222.50Aug 7$6.38$3.15$9.53$212.97$232.034.23%
$227.50Aug 7$3.80$5.93$9.73$217.77$237.234.32%
$220.00Aug 7$8.03$2.34$10.37$209.63$230.374.60%
$230.00Aug 7$2.92$7.55$10.47$219.53$240.474.64%
$217.50Aug 7$9.88$1.60$11.48$206.02$228.985.09%
$232.50Aug 7$2.19$9.32$11.51$220.99$244.015.11%
$235.00Aug 7$1.63$11.15$12.78$222.22$247.785.67%
$215.00Aug 7$12.10$1.07$13.17$201.83$228.175.84%
$225.00Aug 14$6.68$7.40$14.08$210.92$239.086.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 1.02% of stock, avg 4.61%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$215.00Aug 7$1.23$1.07$2.30$212.70$239.80
$235.00$215.00Aug 7$1.63$1.07$2.70$212.30$237.70
$237.50$217.50Aug 7$1.23$1.60$2.83$214.67$240.33
$235.00$217.50Aug 7$1.63$1.60$3.23$214.27$238.23
$232.50$215.00Aug 7$2.19$1.07$3.26$211.74$235.76
$237.50$220.00Aug 7$1.23$2.34$3.57$216.43$241.07
$232.50$217.50Aug 7$2.19$1.60$3.79$213.71$236.29
$235.00$220.00Aug 7$1.63$2.34$3.97$216.03$238.97
$230.00$215.00Aug 7$2.92$1.07$3.99$211.01$233.99
$237.50$222.50Aug 7$1.23$3.15$4.38$218.12$241.88

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 208 found (best R:R 30.25, avg credit $2.87)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
195/198200/205Aug 14$4.84$0.1630.25$192.66$204.84
198/200205/208Aug 21$2.39$0.1121.73$197.61$207.39
202/205210/212Aug 21$2.39$0.1121.73$202.61$212.39
182/185195/200Aug 7$4.71$0.2916.24$180.29$199.71
195/198200/202Aug 21$2.35$0.1515.67$195.15$202.35
200/205210/215Aug 28$4.69$0.3115.13$200.31$214.69
192/195205/208Aug 21$2.33$0.1713.71$192.67$207.33
185/190195/200Aug 28$4.62$0.3812.16$185.38$199.62
202/205212/215Aug 21$2.30$0.2011.50$202.70$214.80
190/195200/205Aug 28$4.59$0.4111.20$190.41$204.59

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 123 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$195.00$200.00$205.00Aug 14$0.09$4.9154.56
$242.50$245.00$247.50Aug 7$0.05$2.4549.00
$250.00$255.00$260.00Aug 28$0.11$4.8944.45
$240.00$242.50$245.00Aug 7$0.06$2.4440.67
$235.00$237.50$240.00Aug 7$0.07$2.4334.71
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$240.00$245.00$250.00Aug 14$0.05$4.9599.00
$255.00$260.00$265.00Aug 14$0.08$4.9261.50
$250.00$255.00$260.00Aug 14$0.09$4.9154.56
$195.00$200.00$205.00Sep 4$0.09$4.9154.56
$210.00$212.50$215.00Aug 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 $-1.85, 101 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$250.001:2Sep 11-$1.85$8.15
$265.00$270.001:2Aug 7-$0.18$4.82
$260.00$265.001:2Aug 14-$0.32$4.68
$260.00$265.001:2Aug 21-$0.33$4.67
$265.00$270.001:2Aug 21-$0.39$4.61
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$185.001:2Aug 14-$0.13$4.87
$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-$0.38$4.62

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 3.90%, avg 1.27%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$8.800.462.0%3.90%5.94%4--
$230.00Sep 4$8.150.452.0%3.62%5.65%9185
$230.00Aug 28$7.550.432.0%3.35%5.38%24352
$235.00Sep 11$7.050.404.2%3.13%7.38%--21
$227.50Aug 21$6.800.460.9%3.02%3.94%33506
$235.00Sep 4$6.550.384.2%2.91%7.16%1229
$230.00Aug 21$6.050.412.0%2.68%4.72%2244.6K
$235.00Aug 28$5.700.364.2%2.53%6.78%17203
$240.00Sep 11$5.400.346.5%2.40%8.86%11
$227.50Aug 14$5.350.440.9%2.37%3.30%4156

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 18,528
Total Puts 3,025
Put/Call Ratio 0.16
Net Difference 15,503

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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