Tour v482
IBM
IBM CORP
$226.83 +1.42%
(8/3 12:00) ◀
|
Monday, August 3, 2026 (1:00pm)
January 2026
|
▶ (8/3 14:00)
◀ 8/3 13:00 ▶

Option Volume

Detail
ℹ
Current (08/03 1:00pm) 43,637
Calls: 34,862 (80%)
Puts: 8,775 (20%)
Prior --
Calls: 15,235 (64%)
Puts: 8,626 (36%)
Current vs Prior +0.00%
Calls: +128.83% (Calls)
Puts: +1.73% (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 -56.70%
Calls: -46.22%
Puts: -75.59%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03 1:00pm) $35.93M
Calls: $21.92M (61%)
Puts: $14.01M (39%)
Prior --
Calls: $8.11M (44%)
Puts: $10.46M (56%)
Current vs Prior +0.00%
Calls: +170.40%
Puts: +33.93%
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 -51.07%
Calls: -41.34%
Puts: -61.15%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03 1:00pm) 0.25
Prior 1.00
Current vs Prior -74.83%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -40.46%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/03 1:00pm) 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 4.57% | 6.78%8.10% | 13.05%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +23.25% | +6.44%-22.43% | -12.34%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -8.24% | -10.60%-20.62% | -16.37%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +23.25% | +6.44%-3.76% | -0.80%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 6.37% | 9.29%
Calls: 5.31% | 5.41%
Puts: 7.42% | 13.16%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior -68.29% | -64.88%
Prior 7-Day Avg 16.02% | 15.61%
Calls: 13.11% | 12.45%
Puts: 18.93% | 18.76%
Current vs 7-Day Avg -60.24% | -40.47%
Liquidity Pricy
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🤖 AI Insights

Moderately bullish flow with 61% call dollar volume ($21.92M). Extreme bullish P/C ratio of 0.25 - heavy call buying (34,862 calls vs 8,775 puts). P/C ratio dropping 75% - 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
13:00BULLISHBULLISHBULLISH
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 104 of results (avg 7.4%, best 2.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Aug 2136.4537.45$36.952.7%211.00162
$220.00Aug 2111.5012.00$11.754.3%4490.637.2K
$225.00Aug 218.859.25$9.054.4%1300.531.5K
$222.50Aug 2110.1010.60$10.354.8%380.58220
$235.00Aug 214.955.20$5.084.9%1.8K0.361.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$222.50Aug 216.857.15$7.004.3%150.4293
$205.00Aug 211.711.80$1.765.1%660.151.9K
$220.00Aug 215.706.00$5.855.1%3340.373.6K
$265.00Aug 2138.5540.65$39.605.3%40.92676
$270.00Aug 2143.6546.10$44.885.5%10.94789

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 17 found (avg $0.51, cheapest $0.12)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Aug 70.110.13$0.1216.7%1180.02857
$255.00Aug 70.170.19$0.1811.1%2910.03316
$250.00Aug 70.290.34$0.3215.6%5120.061.9K
$247.50Aug 70.390.44$0.4211.9%400.0742
$245.00Aug 70.530.58$0.559.1%1820.10757
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Aug 210.270.32$0.3016.7%650.033.2K
$210.00Aug 70.290.32$0.319.7%1170.061.1K
$190.00Aug 210.420.49$0.4515.6%890.044.6K
$200.00Aug 140.450.50$0.4810.4%470.06739
$212.50Aug 70.460.53$0.5014.0%1030.09680

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 100 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Aug 740.9043.35$42.135.8%--1.0012
$190.00Aug 1435.8538.55$37.207.3%--1.0050
$195.00Aug 1430.9033.60$32.258.4%--1.0042
$200.00Aug 1425.8528.65$27.2510.3%--1.00173
$185.00Aug 2140.3043.60$41.957.9%--1.0038
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Aug 726.7529.30$28.039.1%11.009
$257.50Aug 729.1531.80$30.488.7%11.00--
$270.00Aug 1442.9045.90$44.406.8%--0.9733
$265.00Aug 1438.0040.95$39.487.5%--0.9546
$250.00Aug 721.5024.30$22.9012.2%--0.9445

Most actively traded options today. High liquidity = easy entry/exit. 216 active (total vol 24.5K, top 3.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 211.902.05$1.987.6%3.9K0.177.6K
$232.50Aug 72.422.70$2.5610.9%3.2K0.34548
$235.00Aug 214.955.20$5.084.9%1.8K0.361.9K
$235.00Aug 71.812.03$1.9211.5%1.5K0.271.5K
$230.00Aug 73.253.50$3.387.4%1.2K0.411.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$215.00Aug 70.730.80$0.779.1%3940.131.1K
$220.00Aug 215.706.00$5.855.1%3340.373.6K
$207.50Aug 70.030.42$0.22177.3%2750.041.4K
$200.00Aug 211.051.16$1.119.9%2740.107.5K
$207.50Aug 141.021.30$1.1624.1%2240.1382

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 20.0%, max 45.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Aug 2864.2%45.1%42.3%1153
$270.00Aug 7Sep 468.0%47.9%41.9%21245
$265.00Aug 7Sep 467.0%47.5%41.2%15482
$195.00Aug 7Sep 1159.5%42.4%40.2%5218
$260.00Aug 7Sep 1162.1%44.6%39.3%122865
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$190.00Aug 7Sep 464.2%44.0%45.9%31569
$195.00Aug 7Sep 1159.5%42.4%40.2%11399
$185.00Aug 7Sep 463.9%46.0%38.8%6198
$200.00Aug 7Sep 1154.3%42.1%29.1%1581.6K
$255.00Aug 7Aug 2858.3%45.4%28.3%119

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 136 found (best R:R 32.33, avg 5.32)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$265.00$270.00Aug 21$0.20$4.80$0.2024.00$265.20
$245.00$247.50Aug 7$0.13$2.37$0.1318.23$245.13
$250.00$252.50Aug 14$0.13$2.37$0.1318.23$250.13
$265.00$270.00Aug 28$0.26$4.74$0.2618.23$265.26
$260.00$265.00Aug 21$0.27$4.73$0.2717.52$260.27
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Aug 21$0.15$4.85$0.1532.33$189.85
$195.00$192.50Aug 14$0.10$2.40$0.1024.00$194.90
$192.50$190.00Aug 21$0.10$2.40$0.1024.00$192.40
$190.00$185.00Aug 28$0.25$4.75$0.2519.00$189.75
$190.00$185.00Sep 4$0.29$4.71$0.2916.24$189.71

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 188 found (best R:R 21.73, avg 2.25)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$190.00$195.00Aug 21$4.78$4.78$0.2221.73$194.78
$207.50$210.00Aug 21$2.38$2.38$0.1219.83$209.88
$190.00$195.00Aug 28$4.75$4.75$0.2519.00$194.75
$202.50$205.00Aug 21$2.35$2.35$0.1515.67$204.85
$195.00$200.00Aug 28$4.70$4.70$0.3015.67$199.70
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$260.00$255.00Aug 21$4.75$4.75$0.2519.00$255.25
$250.00$247.50Aug 7$2.35$2.35$0.1515.67$247.65
$242.50$240.00Aug 7$2.32$2.32$0.1812.89$240.18
$247.50$245.00Aug 7$2.32$2.32$0.1812.89$245.18
$260.00$255.00Aug 14$4.64$4.64$0.3612.89$255.36

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 52 found (avg debit $1.35, cheapest $0.09)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$270.00Aug 7Aug 14$0.1768.0%52.8%
$265.00Aug 7Aug 14$0.3067.0%53.6%
$260.00Aug 7Aug 14$0.3862.1%50.8%
$210.00Aug 7Aug 14$0.4748.1%44.0%
$257.50Aug 7Aug 14$0.4762.3%51.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$185.00Aug 7Aug 14$0.0963.9%52.1%
$190.00Aug 7Aug 14$0.1164.2%48.1%
$265.00Aug 14Aug 21$0.1253.6%47.8%
$192.50Aug 7Aug 14$0.1458.2%46.2%
$195.00Aug 7Aug 14$0.2259.5%47.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 99 found (cheapest 4.02% of stock, avg 10.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$227.50Aug 7$4.40$4.72$9.12$218.38$236.624.02%
$225.00Aug 7$5.65$3.55$9.20$215.80$234.204.06%
$230.00Aug 7$3.38$6.18$9.56$220.44$239.564.21%
$222.50Aug 7$7.38$2.51$9.89$212.61$232.394.36%
$232.50Aug 7$2.56$7.90$10.46$222.04$242.964.61%
$220.00Aug 7$8.98$1.75$10.73$209.27$230.734.73%
$235.00Aug 7$1.92$9.82$11.74$223.26$246.745.18%
$217.50Aug 7$10.80$1.17$11.97$205.53$229.475.28%
$237.50Aug 7$1.40$11.77$13.17$224.33$250.675.81%
$215.00Aug 7$12.90$0.77$13.67$201.33$228.676.03%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.96% of stock, avg 4.65%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$215.00Aug 7$1.40$0.77$2.17$212.83$239.67
$237.50$217.50Aug 7$1.40$1.17$2.57$214.93$240.07
$235.00$215.00Aug 7$1.92$0.77$2.69$212.31$237.69
$235.00$217.50Aug 7$1.92$1.17$3.09$214.41$238.09
$237.50$220.00Aug 7$1.40$1.75$3.15$216.85$240.65
$232.50$215.00Aug 7$2.56$0.77$3.33$211.67$235.83
$235.00$220.00Aug 7$1.92$1.75$3.67$216.33$238.67
$232.50$217.50Aug 7$2.56$1.17$3.73$213.77$236.23
$237.50$222.50Aug 7$1.40$2.51$3.91$218.59$241.41
$230.00$215.00Aug 7$3.38$0.77$4.15$210.85$234.15

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 216 found (best R:R 21.73, avg credit $2.89)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
198/200205/210Aug 14$4.78$0.2221.73$195.22$209.78
200/202205/210Aug 14$4.72$0.2816.86$197.78$209.72
210/215220/225Sep 4$4.70$0.3015.67$210.30$224.70
192/195205/210Aug 14$4.66$0.3413.71$190.34$209.66
200/205210/215Aug 28$4.63$0.3712.51$200.37$214.63
190/192195/198Aug 21$2.29$0.2110.90$190.21$197.29
202/205212/215Aug 21$2.27$0.239.87$202.73$214.77
205/208212/215Aug 21$2.27$0.239.87$205.23$214.77
190/195200/205Aug 28$4.53$0.479.64$190.47$204.53
200/202205/208Aug 21$2.25$0.259.00$200.25$207.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 129 found (best R:R 82.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$260.00$265.00$270.00Aug 21$0.07$4.9370.43
$195.00$200.00$205.00Aug 14$0.08$4.9261.50
$230.00$235.00$240.00Aug 28$0.09$4.9154.56
$240.00$242.50$245.00Aug 7$0.05$2.4549.00
$255.00$260.00$265.00Aug 21$0.11$4.8944.45
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$190.00$195.00$200.00Sep 4$0.06$4.9482.33
$200.00$202.50$205.00Aug 21$0.05$2.4549.00
$182.50$185.00$187.50Aug 7$0.06$2.4440.67
$190.00$192.50$195.00Aug 14$0.07$2.4334.71
$212.50$215.00$217.50Aug 14$0.07$2.4334.71

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 113 found (best net $-4.26, 110 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$195.00$215.001:2Sep 11-$4.26$15.74
$240.00$250.001:2Sep 11-$1.75$8.25
$265.00$270.001:2Aug 7$0.00$5.00
$260.00$265.001:2Aug 7-$0.08$4.92
$265.00$270.001:2Aug 21-$0.35$4.65
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$185.001:2Aug 14-$0.07$4.93
$190.00$185.001:2Aug 21-$0.15$4.85
$190.00$185.001:2Aug 28-$0.30$4.70
$195.00$190.001:2Aug 28-$0.39$4.61
$200.00$195.001:2Aug 28-$0.62$4.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 4.52%, avg 1.39%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$10.250.481.4%4.52%5.92%18--
$230.00Sep 4$8.800.471.4%3.88%5.28%54185
$235.00Sep 11$8.550.423.6%3.77%7.37%121
$230.00Aug 28$8.150.461.4%3.59%4.99%93352
$227.50Aug 21$7.700.490.3%3.39%3.69%63506
$235.00Sep 4$6.850.403.6%3.02%6.62%1629
$230.00Aug 21$6.650.441.4%2.93%4.33%2984.6K
$240.00Sep 11$6.600.365.8%2.91%8.72%21
$235.00Aug 28$6.350.393.6%2.80%6.40%48203
$227.50Aug 14$6.000.480.3%2.65%2.94%10256

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 34,862
Total Puts 8,775
Put/Call Ratio 0.25
Net Difference 26,087

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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