Tour v482
IBM
IBM CORP
$227.04 +1.52%
(8/3 11:00) ◀
|
Monday, August 3, 2026 (12:00pm)
January 2026
|
▶ (8/3 13:00)
◀ 8/3 12:00 ▶

Option Volume

Detail
ℹ
Current (08/03 12:00pm) 37,283
Calls: 30,772 (83%)
Puts: 6,511 (17%)
Prior --
Calls: 15,235 (64%)
Puts: 8,626 (36%)
Current vs Prior +0.00%
Calls: +101.98% (Calls)
Puts: -24.52% (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 -63.00%
Calls: -52.53%
Puts: -81.89%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03 12:00pm) $28.18M
Calls: $18.49M (66%)
Puts: $9.69M (34%)
Prior --
Calls: $8.11M (44%)
Puts: $10.46M (56%)
Current vs Prior +0.00%
Calls: +128.06%
Puts: -7.37%
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 -61.63%
Calls: -50.53%
Puts: -73.13%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03 12:00pm) 0.21
Prior 1.00
Current vs Prior -78.84%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -49.95%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/03 12:00pm) 726,431
Calls: 414,302 (57%)
Puts: 312,129 (43%)
Prior --
Calls: -- (--)
Puts: -- (--)
Current vs Prior +0.00%
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 4.65% | 6.83%8.30% | 13.15%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +25.28% | +7.18%-20.48% | -11.71%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -6.74% | -9.98%-18.62% | -15.77%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +25.28% | +7.18%-1.34% | -0.09%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 7.88% | 10.86%
Calls: 5.13% | 8.05%
Puts: 10.64% | 13.66%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior -60.78% | -58.94%
Prior 7-Day Avg 16.02% | 15.61%
Calls: 13.11% | 12.45%
Puts: 18.93% | 18.76%
Current vs 7-Day Avg -50.82% | -30.41%
Liquidity Expensive
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🤖 AI Insights

Moderately bullish flow with 66% call dollar volume ($18.49M). Extreme bullish P/C ratio of 0.21 - heavy call buying (30,772 calls vs 6,511 puts). P/C ratio dropping 79% - 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 NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
12:00BULLISHBULLISHBULLISH
11:00BULLISHBULLISHBULLISH
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 91 of results (avg 7.7%, best 3.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$222.50Aug 2110.3510.75$10.553.8%260.58220
$195.00Aug 732.0533.45$32.754.3%510.9918
$225.00Aug 218.959.35$9.154.4%1070.531.5K
$240.00Aug 71.051.10$1.084.6%9410.172.2K
$235.00Aug 215.155.40$5.284.7%1.8K0.361.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Aug 218.008.35$8.184.3%570.47513
$260.00Aug 2134.6036.35$35.484.9%300.90738
$250.00Aug 2125.2526.75$26.005.8%330.82947
$230.00Aug 149.059.60$9.325.9%20.5866
$220.00Aug 215.706.05$5.886.0%2210.383.6K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 13 found (avg $0.58, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 70.320.38$0.3517.1%4790.061.9K
$260.00Aug 140.410.48$0.4415.9%280.06158
$270.00Aug 210.570.60$0.595.1%650.063.1K
$245.00Aug 70.580.64$0.619.8%1710.10757
$242.50Aug 70.760.87$0.8213.4%1070.13297
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Aug 70.050.06$0.0616.7%990.011.6K
$207.50Aug 70.200.23$0.2213.6%2730.041.4K
$210.00Aug 70.300.36$0.3318.2%990.061.1K
$195.00Aug 210.620.74$0.6817.6%790.073.1K
$215.00Aug 70.730.83$0.7812.8%2420.131.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 99 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Aug 740.9043.35$42.135.8%--1.0012
$190.00Aug 1435.8538.95$37.408.3%--1.0050
$195.00Aug 1430.9034.00$32.459.6%--1.0042
$200.00Aug 1425.8028.65$27.2310.5%--1.00173
$185.00Aug 2140.3544.00$42.188.7%--1.0038
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$257.50Aug 729.1531.90$30.539.0%11.00--
$270.00Aug 1442.9045.95$44.436.9%--0.9733
$255.00Aug 726.7529.35$28.059.3%10.969
$265.00Aug 1438.0041.00$39.507.6%--0.9546
$250.00Aug 722.4023.85$23.136.3%--0.9445

Most actively traded options today. High liquidity = easy entry/exit. 209 active (total vol 21.3K, top 3.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 211.952.05$2.005.0%3.3K0.177.6K
$232.50Aug 72.552.78$2.678.6%3.1K0.34548
$235.00Aug 215.155.40$5.284.7%1.8K0.361.9K
$235.00Aug 71.922.11$2.019.5%1.4K0.281.5K
$230.00Aug 73.353.60$3.487.2%9520.421.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Aug 70.200.23$0.2213.6%2730.041.4K
$200.00Aug 211.081.19$1.149.6%2570.107.5K
$215.00Aug 70.730.83$0.7812.8%2420.131.1K
$220.00Aug 215.706.05$5.886.0%2210.383.6K
$207.50Aug 141.111.30$1.2115.7%2120.1382

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 19.8%, max 41.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$270.00Aug 7Sep 467.4%48.0%40.4%21245
$260.00Aug 7Sep 1161.9%44.4%39.2%107865
$265.00Aug 7Sep 465.9%47.7%38.1%8482
$190.00Aug 7Aug 2862.3%45.2%37.7%1153
$185.00Aug 7Aug 2863.8%46.4%37.4%--28
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Sep 462.3%44.2%41.1%29569
$185.00Aug 7Sep 463.8%45.9%38.9%1198
$195.00Aug 7Sep 1158.3%42.4%37.5%9399
$192.50Aug 7Aug 2161.4%45.1%36.3%18731
$200.00Aug 7Sep 1153.7%41.8%28.5%1311.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 139 found (best R:R 30.25, avg 5.30)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$247.50$250.00Aug 7$0.11$2.39$0.1121.73$247.61
$265.00$270.00Aug 21$0.23$4.77$0.2320.74$265.23
$260.00$265.00Aug 21$0.24$4.76$0.2419.83$260.24
$252.50$255.00Aug 14$0.13$2.37$0.1318.23$252.63
$265.00$270.00Aug 28$0.27$4.73$0.2717.52$265.27
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Aug 21$0.16$4.84$0.1630.25$189.84
$195.00$192.50Aug 14$0.10$2.40$0.1024.00$194.90
$210.00$207.50Aug 7$0.11$2.39$0.1121.73$209.89
$190.00$185.00Aug 28$0.27$4.73$0.2717.52$189.73
$202.50$200.00Aug 14$0.14$2.36$0.1416.86$202.36

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 184 found (best R:R 49.00, avg 1.97)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$195.00$200.00Aug 28$4.90$4.90$0.1049.00$199.90
$200.00$205.00Aug 14$4.65$4.65$0.3513.29$204.65
$190.00$195.00Aug 28$4.65$4.65$0.3513.29$194.65
$205.00$210.00Aug 14$4.48$4.48$0.528.62$209.48
$195.00$197.50Aug 21$2.22$2.22$0.287.93$197.22
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$255.00$250.00Aug 14$4.73$4.73$0.2717.52$250.27
$250.00$247.50Aug 7$2.35$2.35$0.1515.67$247.65
$260.00$255.00Aug 14$4.59$4.59$0.4111.20$255.41
$255.00$250.00Aug 21$4.45$4.45$0.558.09$250.55
$247.50$245.00Aug 7$2.20$2.20$0.307.33$245.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 54 found (avg debit $1.29, cheapest $0.09)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Aug 7Aug 14$0.1553.7%46.0%
$205.00Aug 7Aug 14$0.1550.5%44.9%
$270.00Aug 7Aug 14$0.1567.4%51.6%
$260.00Aug 7Aug 14$0.3161.9%49.4%
$265.00Aug 7Aug 14$0.3265.9%53.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$185.00Aug 7Aug 14$0.0963.8%52.0%
$190.00Aug 7Aug 14$0.1262.3%48.3%
$192.50Aug 7Aug 14$0.1361.4%46.2%
$195.00Aug 7Aug 14$0.2358.3%46.8%
$265.00Aug 14Aug 21$0.2853.7%49.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 98 found (cheapest 4.10% of stock, avg 10.88%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$227.50Aug 7$4.60$4.70$9.30$218.20$236.804.10%
$225.00Aug 7$5.85$3.53$9.38$215.62$234.384.13%
$230.00Aug 7$3.48$6.15$9.63$220.37$239.634.24%
$222.50Aug 7$7.23$2.55$9.78$212.72$232.284.31%
$232.50Aug 7$2.67$7.80$10.47$222.03$242.974.61%
$220.00Aug 7$9.03$1.78$10.81$209.19$230.814.76%
$235.00Aug 7$2.01$9.80$11.81$223.19$246.815.20%
$217.50Aug 7$10.88$1.19$12.07$205.43$229.575.32%
$237.50Aug 7$1.51$11.75$13.26$224.24$250.765.84%
$215.00Aug 7$12.60$0.78$13.38$201.62$228.385.89%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 1.00% of stock, avg 4.71%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$240.00$217.50Aug 7$1.08$1.19$2.27$215.23$242.27
$237.50$217.50Aug 7$1.51$1.19$2.70$214.80$240.20
$240.00$220.00Aug 7$1.08$1.78$2.86$217.14$242.86
$235.00$217.50Aug 7$2.01$1.19$3.20$214.30$238.20
$237.50$220.00Aug 7$1.51$1.78$3.29$216.71$240.79
$240.00$222.50Aug 7$1.08$2.55$3.63$218.87$243.63
$235.00$220.00Aug 7$2.01$1.78$3.79$216.21$238.79
$232.50$217.50Aug 7$2.67$1.19$3.86$213.64$236.36
$237.50$222.50Aug 7$1.51$2.55$4.06$218.44$241.56
$232.50$220.00Aug 7$2.67$1.78$4.45$215.55$236.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 215 found (best R:R 19.00, avg credit $2.90)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
192/195200/205Aug 14$4.75$0.2519.00$190.25$204.75
212/215220/222Aug 14$2.34$0.1614.63$212.66$222.34
215/218220/222Aug 14$2.33$0.1713.71$215.17$222.33
198/200205/210Aug 14$4.63$0.3712.51$195.37$209.63
200/202205/210Aug 14$4.62$0.3812.16$197.88$209.62
205/208210/215Aug 14$4.60$0.4011.50$202.90$214.60
218/220222/225Aug 14$2.30$0.2011.50$217.70$224.80
192/195205/210Aug 14$4.58$0.4210.90$190.42$209.58
210/212215/218Aug 14$2.29$0.2110.90$210.21$217.29
202/205210/215Aug 14$4.57$0.4310.63$200.43$214.57

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 124 found (best R:R 70.43, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$210.00$215.00$220.00Sep 4$0.07$4.9370.43
$250.00$255.00$260.00Aug 21$0.08$4.9261.50
$255.00$260.00$265.00Aug 28$0.08$4.9261.50
$217.50$220.00$222.50Aug 7$0.05$2.4549.00
$240.00$242.50$245.00Aug 7$0.05$2.4549.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$230.00$235.00$240.00Aug 28$0.07$4.9370.43
$210.00$215.00$220.00Sep 4$0.10$4.9049.00
$207.50$210.00$212.50Aug 7$0.06$2.4440.67
$195.00$197.50$200.00Aug 14$0.06$2.4440.67
$200.00$205.00$210.00Sep 4$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. 111 found (best net $-1.40, 108 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$250.001:2Sep 11-$1.40$8.60
$265.00$270.001:2Aug 7-$0.01$4.99
$260.00$265.001:2Aug 7-$0.05$4.95
$265.00$270.001:2Aug 21-$0.36$4.64
$260.00$265.001:2Aug 21-$0.58$4.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$185.001:2Aug 14-$0.06$4.94
$190.00$185.001:2Aug 21-$0.14$4.86
$190.00$185.001:2Aug 28-$0.27$4.73
$195.00$190.001:2Aug 28-$0.39$4.61
$190.00$185.001:2Sep 4-$0.59$4.41

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 60 found (best yield 4.60%, avg 1.43%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$10.450.481.3%4.60%5.91%15--
$230.00Sep 4$9.050.471.3%3.99%5.29%29185
$230.00Aug 28$8.250.461.3%3.63%4.94%67352
$235.00Sep 11$7.900.423.5%3.48%6.99%121
$227.50Aug 21$7.750.490.2%3.41%3.62%59506
$235.00Sep 4$6.950.403.5%3.06%6.57%1629
$240.00Sep 11$6.900.365.7%3.04%8.75%21
$230.00Aug 21$6.800.441.3%3.00%4.30%2934.6K
$235.00Aug 28$6.400.393.5%2.82%6.32%34203
$227.50Aug 14$6.000.480.2%2.64%2.85%9856

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 30,772
Total Puts 6,511
Put/Call Ratio 0.21
Net Difference 24,261

Prior's Put/Call Breakdown

Total Calls 15,235
Total Puts 8,626
Put/Call Ratio 1.00
Net Difference 6,609

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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