Tour v482
IBM
IBM CORP
$225.29 +0.73%
(8/3 10:30) ◀
|
Monday, August 3, 2026 (10:35am)
January 2026
|
▶ (8/3 11:00)
◀ 8/3 10:35 ▶

Option Volume

Detail
ℹ
Current (08/03 10:35am) 24,189
Calls: 20,535 (85%)
Puts: 3,654 (15%)
Prior (07/23) 43,469
Calls: 28,149 (65%)
Puts: 15,320 (35%)
Current vs Prior -44.35%
Calls: -27.05% (Calls)
Puts: -76.15% (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 -76.00%
Calls: -68.32%
Puts: -89.84%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03 10:35am) $14.07M
Calls: $10.16M (72%)
Puts: $3.91M (28%)
Prior (07/23) $20.05M
Calls: $7.61M (38%)
Puts: $12.44M (62%)
Current vs Prior -29.83%
Calls: +33.51%
Puts: -68.57%
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 -80.84%
Calls: -72.81%
Puts: -89.16%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03 10:35am) 0.18
Prior (07/23) 0.54
Current vs Prior -67.31%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -57.92%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/03 10:35am) 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 4.76% | 7.01%8.44% | 13.34%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +28.40% | +10.10%-19.13% | -10.43%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -4.41% | -7.53%-17.25% | -14.55%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +28.40% | +10.10%+0.33% | +1.36%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 7.00% | 11.44%
Calls: 7.17% | 7.41%
Puts: 6.84% | 15.47%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior -65.16% | -56.75%
Prior 7-Day Avg 16.02% | 15.61%
Calls: 13.11% | 12.45%
Puts: 18.93% | 18.76%
Current vs 7-Day Avg -56.31% | -26.69%
Liquidity Pricy
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🤖 AI Insights

Moderately bullish flow with 72% call dollar volume ($10.16M). Below-average activity with volume down 44% vs prior. Extreme bullish P/C ratio of 0.18 - heavy call buying (20,535 calls vs 3,654 puts). P/C ratio dropping 67% - 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
10:35BULLISHBULLISHBULLISH
10:30BULLISHBULLISHBULLISH
10:25BULLISHBULLISHBULLISH
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 65 of results (avg 7.7%, best 4.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$182.50Aug 742.4044.40$43.404.6%201.001
$185.00Aug 739.9041.90$40.904.9%--0.9712
$187.50Aug 737.4039.40$38.405.2%--0.9910
$190.00Aug 734.9036.90$35.905.6%--0.9928
$250.00Aug 211.721.84$1.786.7%1.5K0.157.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Aug 219.009.40$9.204.3%500.50513
$220.00Aug 216.506.85$6.685.2%490.413.6K
$222.50Aug 217.608.05$7.835.7%130.4593
$265.00Aug 2140.3542.75$41.555.8%20.93676
$270.00Aug 2144.7547.70$46.236.4%10.94789

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 12 found (avg $0.65, cheapest $0.29)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 70.280.33$0.3116.1%1340.051.9K
$247.50Aug 70.350.41$0.3815.8%100.0742
$245.00Aug 70.470.55$0.5115.7%870.09757
$265.00Aug 210.620.74$0.6817.6%80.07648
$250.00Aug 140.790.96$0.8819.3%350.10633
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 70.270.31$0.2913.8%2010.061.4K
$210.00Aug 70.410.49$0.4517.8%560.091.1K
$212.50Aug 70.620.75$0.6918.8%210.12680
$195.00Aug 210.750.88$0.8215.9%360.083.1K
$190.00Aug 280.830.96$0.9014.4%330.07722

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 1434.1037.00$35.558.2%--1.0050
$195.00Aug 1429.1532.05$30.609.5%--1.0042
$185.00Aug 2139.1042.00$40.557.2%--1.0038
$190.00Aug 2134.2037.45$35.839.1%--1.00162
$185.00Aug 2839.3542.60$40.987.9%--1.0016
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Aug 728.0031.20$29.6010.8%11.009
$257.50Aug 730.4533.50$31.989.5%11.00--
$270.00Aug 1444.4547.50$45.986.6%--0.9733
$265.00Aug 1439.5042.60$41.057.6%--0.9546
$250.00Aug 722.8526.30$24.5814.0%--0.9545

Most actively traded options today. High liquidity = easy entry/exit. 182 active (total vol 13.8K, top 2.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$232.50Aug 72.072.37$2.2213.5%2.9K0.29548
$235.00Aug 214.505.00$4.7510.5%1.6K0.331.9K
$250.00Aug 211.721.84$1.786.7%1.5K0.157.6K
$235.00Aug 71.501.75$1.6315.3%1.0K0.231.5K
$230.00Aug 72.793.00$2.907.2%6960.361.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 70.270.31$0.2913.8%2010.061.4K
$207.50Aug 141.321.56$1.4416.7%2000.1582
$215.00Aug 70.951.10$1.0214.7%1690.171.1K
$220.00Aug 72.162.39$2.2810.1%1300.31846
$205.00Aug 140.961.15$1.0617.9%1000.12864

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 26.8%, max 120.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Aug 2898.6%46.3%112.7%--28
$270.00Aug 7Aug 2887.8%48.9%79.6%--423
$265.00Aug 7Aug 2878.9%46.8%68.5%4563
$190.00Aug 7Aug 2869.5%44.7%55.7%--153
$260.00Aug 7Sep 463.9%44.8%42.7%37873
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Sep 498.6%44.8%120.0%1198
$197.50Aug 7Aug 2192.7%43.9%111.2%7437
$190.00Aug 7Sep 469.5%44.6%55.9%16569
$195.00Aug 7Sep 1161.4%42.8%43.5%3399
$200.00Aug 7Sep 1155.3%42.2%30.9%711.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 131 found (best R:R 32.33, avg 5.09)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$265.00$270.00Aug 28$0.15$4.85$0.1532.33$265.15
$265.00$270.00Aug 21$0.16$4.84$0.1630.25$265.16
$245.00$247.50Aug 7$0.13$2.37$0.1318.23$245.13
$260.00$265.00Aug 21$0.26$4.74$0.2618.23$260.26
$242.50$245.00Aug 7$0.15$2.35$0.1515.67$242.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Aug 21$0.20$4.80$0.2024.00$189.80
$207.50$205.00Aug 7$0.12$2.38$0.1219.83$207.38
$195.00$192.50Aug 14$0.12$2.38$0.1219.83$194.88
$190.00$185.00Aug 28$0.27$4.73$0.2717.52$189.73
$197.50$195.00Aug 14$0.15$2.35$0.1515.67$197.35

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 2.98)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$195.00$200.00Aug 28$4.85$4.85$0.1532.33$199.85
$195.00$200.00Aug 7$4.82$4.82$0.1826.78$199.82
$202.50$205.00Aug 7$2.38$2.38$0.1219.83$204.88
$195.00$197.50Aug 21$2.37$2.37$0.1318.23$197.37
$185.00$190.00Aug 21$4.72$4.72$0.2816.86$189.72
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
$257.50$255.00Aug 7$2.38$2.38$0.1219.83$255.12
$250.00$245.00Aug 7$4.75$4.75$0.2519.00$245.25
$250.00$245.00Aug 14$4.70$4.70$0.3015.67$245.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 50 found (avg debit $1.40, cheapest $0.14)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Aug 7Aug 14$0.1555.3%45.0%
$265.00Aug 7Aug 14$0.1578.9%54.8%
$260.00Aug 7Aug 14$0.2463.9%49.3%
$257.50Aug 7Aug 14$0.2962.5%48.7%
$255.00Aug 7Aug 14$0.3460.9%47.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$190.00Aug 7Aug 14$0.1469.5%49.4%
$192.50Aug 7Aug 14$0.1856.8%45.9%
$195.00Aug 7Aug 14$0.2561.4%46.7%
$270.00Aug 14Aug 21$0.2552.9%49.7%
$260.00Aug 14Aug 21$0.2749.3%47.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 92 found (cheapest 4.13% of stock, avg 10.94%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$225.00Aug 7$4.88$4.43$9.31$215.69$234.314.13%
$222.50Aug 7$6.23$3.25$9.48$213.02$231.984.21%
$227.50Aug 7$3.80$5.85$9.65$217.85$237.154.28%
$230.00Aug 7$2.90$7.23$10.13$219.87$240.134.50%
$220.00Aug 7$7.95$2.28$10.23$209.77$230.234.54%
$232.50Aug 7$2.22$8.88$11.10$221.40$243.604.93%
$217.50Aug 7$9.90$1.60$11.50$206.00$229.005.10%
$235.00Aug 7$1.63$10.73$12.36$222.64$247.365.49%
$215.00Aug 7$11.83$1.02$12.85$202.15$227.855.70%
$225.00Aug 14$6.75$7.60$14.35$210.65$239.356.37%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 1.01% of stock, avg 4.63%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$215.00Aug 7$1.25$1.02$2.27$212.73$239.77
$235.00$215.00Aug 7$1.63$1.02$2.65$212.35$237.65
$237.50$217.50Aug 7$1.25$1.60$2.85$214.65$240.35
$235.00$217.50Aug 7$1.63$1.60$3.23$214.27$238.23
$232.50$215.00Aug 7$2.22$1.02$3.24$211.76$235.74
$237.50$220.00Aug 7$1.25$2.28$3.53$216.47$241.03
$232.50$217.50Aug 7$2.22$1.60$3.82$213.68$236.32
$230.00$215.00Aug 7$2.90$1.02$3.92$211.08$233.92
$235.00$220.00Aug 7$1.63$2.28$3.91$216.09$238.91
$230.00$217.50Aug 7$2.90$1.60$4.50$213.00$234.50

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 200 found (best R:R 24.00, avg credit $2.86)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
200/202210/212Aug 21$2.40$0.1024.00$200.10$212.40
220/225230/235Sep 4$4.75$0.2519.00$220.25$234.75
202/205215/218Aug 14$2.37$0.1318.23$202.63$217.37
212/215218/220Aug 14$2.37$0.1318.23$212.63$219.87
212/215222/225Aug 14$2.35$0.1515.67$212.65$224.85
215/218222/225Aug 14$2.33$0.1713.71$215.17$224.83
200/202205/208Aug 21$2.33$0.1713.71$200.17$207.33
190/195200/205Aug 28$4.66$0.3413.71$190.34$204.66
195/198215/218Aug 14$2.32$0.1812.89$195.18$217.32
198/200210/212Aug 21$2.32$0.1812.89$197.68$212.32

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 115 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$230.00$235.00$240.00Aug 28$0.05$4.9599.00
$240.00$242.50$245.00Aug 14$0.05$2.4549.00
$260.00$265.00$270.00Aug 21$0.10$4.9049.00
$245.00$247.50$250.00Aug 7$0.06$2.4440.67
$242.50$245.00$247.50Aug 14$0.06$2.4440.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$225.00$230.00$235.00Aug 28$0.05$4.9599.00
$255.00$260.00$265.00Aug 14$0.08$4.9261.50
$220.00$225.00$230.00Sep 4$0.09$4.9154.56
$190.00$195.00$200.00Aug 28$0.10$4.9049.00
$195.00$200.00$205.00Sep 4$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. 105 found (best net $-1.90, 100 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$250.001:2Sep 11-$1.90$8.10
$265.00$270.001:2Aug 7-$0.27$4.73
$260.00$265.001:2Aug 7-$0.34$4.66
$265.00$270.001:2Aug 21-$0.36$4.64
$260.00$265.001:2Aug 14-$0.40$4.60
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$185.001:2Aug 14-$0.10$4.90
$190.00$185.001:2Aug 21-$0.12$4.88
$190.00$185.001:2Aug 28-$0.36$4.64
$195.00$190.001:2Aug 28-$0.39$4.61
$190.00$185.001:2Sep 4-$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 3.95%, avg 1.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$8.900.452.1%3.95%6.04%4--
$230.00Sep 4$8.600.452.1%3.82%5.91%25185
$230.00Aug 28$7.650.432.1%3.40%5.49%28352
$235.00Sep 11$7.050.404.3%3.13%7.44%121
$227.50Aug 21$6.800.461.0%3.02%4.00%33506
$235.00Sep 4$6.550.384.3%2.91%7.22%1229
$230.00Aug 21$6.100.412.1%2.71%4.80%2314.6K
$235.00Aug 28$5.900.364.3%2.62%6.93%21203
$240.00Sep 11$5.500.346.5%2.44%8.97%11
$240.00Sep 4$5.350.326.5%2.37%8.90%134

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 20,535
Total Puts 3,654
Put/Call Ratio 0.18
Net Difference 16,881

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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