Tour v482
IBM
IBM CORP
$227.28 +1.62%
8/3 14:00

Option Volume

Detail
Current (08/03 2:00pm) 47,788
Calls: 37,614 (79%)
Puts: 10,174 (21%)
Prior --
Calls: 15,235 (64%)
Puts: 8,626 (36%)
Current vs Prior +0.00%
Calls: +146.89% (Calls)
Puts: +17.95% (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 -52.58%
Calls: -41.97%
Puts: -71.70%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/03 2:00pm) $40.83M
Calls: $25.51M (62%)
Puts: $15.32M (38%)
Prior --
Calls: $8.11M (44%)
Puts: $10.46M (56%)
Current vs Prior +0.00%
Calls: +214.62%
Puts: +46.47%
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 -44.40%
Calls: -31.75%
Puts: -57.52%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/03 2:00pm) 0.27
Prior 1.00
Current vs Prior -72.95%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -36.02%
Sentiment BULLISH

Open Interest

Detail
Current (08/03 2:00pm) 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
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 4.60% | 6.76%8.25% | 13.07%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +24.08% | +6.10%-20.94% | -12.25%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -7.63% | -10.89%-19.09% | -16.28%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +24.08% | +6.10%-1.91% | -0.69%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 5.70% | 8.95%
Calls: 6.06% | 4.74%
Puts: 5.34% | 13.16%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior -71.63% | -66.16%
Prior 7-Day Avg 16.02% | 15.61%
Calls: 13.11% | 12.45%
Puts: 18.93% | 18.76%
Current vs 7-Day Avg -64.42% | -42.65%
Liquidity Pricy
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🤖 AI Insights

Moderately bullish flow with 62% call dollar volume ($25.51M). Extreme bullish P/C ratio of 0.27 - heavy call buying (37,614 calls vs 10,174 puts). P/C ratio dropping 73% - 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
14:00BULLISHBULLISHBULLISH
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 113 of results (avg 6.7%, best 2.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Aug 2111.7012.00$11.852.5%5320.637.2K
$250.00Aug 70.300.31$0.313.2%5670.061.9K
$220.00Aug 78.909.20$9.053.3%1700.75947
$222.50Aug 2110.2510.60$10.433.4%950.58220
$230.00Aug 216.757.00$6.883.6%3270.444.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Aug 217.958.25$8.103.7%1220.47513
$215.00Aug 213.954.10$4.033.7%350.291.8K
$217.50Aug 214.754.95$4.854.1%200.33411
$232.50Aug 1410.6511.10$10.884.1%190.633
$225.00Aug 73.353.50$3.434.4%1580.41262

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 16 found (avg $0.56, cheapest $0.11)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Aug 70.100.12$0.1118.2%1710.02857
$250.00Aug 70.300.31$0.313.2%5670.061.9K
$247.50Aug 70.370.44$0.4117.1%510.0742
$260.00Aug 140.390.47$0.4318.6%370.05158
$257.50Aug 140.480.57$0.5217.3%160.066
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Aug 70.290.33$0.3112.9%1300.061.1K
$190.00Aug 210.420.49$0.4515.6%930.044.6K
$200.00Aug 140.450.51$0.4812.5%600.06739
$212.50Aug 70.460.55$0.5117.6%1070.09680
$195.00Aug 210.620.74$0.6817.6%1260.073.1K

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
$190.00Aug 1435.3538.60$36.988.8%--1.0050
$195.00Aug 1430.4533.65$32.0510.0%--1.0042
$200.00Aug 1425.8528.65$27.2510.3%1001.00173
$185.00Aug 2140.4043.95$42.188.4%--1.0038
$190.00Aug 2135.4537.90$36.676.7%211.00162
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$255.00Aug 726.3029.15$27.7310.3%11.009
$257.50Aug 728.7532.40$30.5811.9%11.00--
$270.00Aug 1442.9045.65$44.286.2%--0.9733
$265.00Aug 1438.0040.75$39.387.0%--0.9646
$260.00Aug 1433.1535.80$34.477.7%--0.9437

Most actively traded options today. High liquidity = easy entry/exit. 222 active (total vol 27.1K, top 3.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 211.831.99$1.918.4%3.9K0.177.6K
$232.50Aug 72.502.70$2.607.7%3.2K0.34548
$235.00Aug 215.005.20$5.103.9%1.9K0.361.9K
$235.00Aug 71.852.00$1.937.8%1.6K0.271.5K
$230.00Aug 73.353.60$3.487.2%1.3K0.421.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$215.00Aug 70.730.78$0.766.6%4140.131.1K
$220.00Aug 215.655.95$5.805.2%3350.383.6K
$222.50Aug 72.412.55$2.485.6%3220.3397
$200.00Aug 211.051.14$1.108.2%2930.107.5K
$207.50Aug 70.100.26$0.1888.9%2760.041.4K

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 24.2%, max 99.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Aug 2890.4%46.1%96.0%--28
$190.00Aug 7Aug 2881.1%45.0%80.1%1153
$195.00Aug 7Sep 1164.9%41.9%55.0%7818
$270.00Aug 7Sep 466.4%47.0%41.2%27245
$260.00Aug 7Sep 1161.4%44.4%38.2%175865
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Sep 490.4%45.3%99.7%9198
$190.00Aug 7Sep 481.1%43.5%86.4%32569
$195.00Aug 7Sep 1164.9%41.9%55.0%18399
$192.50Aug 7Aug 2161.9%45.4%36.4%30731
$200.00Aug 7Sep 1155.5%42.6%30.3%1611.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 138 found (best R:R 40.67, avg 5.54)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$265.00$270.00Aug 21$0.17$4.83$0.1728.41$265.17
$250.00$252.50Aug 7$0.10$2.40$0.1024.00$250.10
$262.50$265.00Aug 14$0.12$2.38$0.1219.83$262.62
$265.00$270.00Aug 28$0.27$4.73$0.2717.52$265.27
$255.00$257.50Aug 14$0.14$2.36$0.1416.86$255.14
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Aug 21$0.12$4.88$0.1240.67$189.88
$192.50$190.00Aug 14$0.10$2.40$0.1024.00$192.40
$210.00$207.50Aug 7$0.13$2.37$0.1318.23$209.87
$200.00$197.50Aug 14$0.13$2.37$0.1318.23$199.87
$190.00$185.00Aug 28$0.27$4.73$0.2717.52$189.73

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 191 found (best R:R 49.00, avg 2.75)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$195.00$200.00Aug 14$4.80$4.80$0.2024.00$199.80
$190.00$195.00Aug 28$4.78$4.78$0.2221.73$194.78
$195.00$197.50Aug 21$2.33$2.33$0.1713.71$197.33
$195.00$200.00Aug 28$4.65$4.65$0.3513.29$199.65
$212.50$215.00Aug 7$2.30$2.30$0.2011.50$214.80
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$270.00$265.00Aug 14$4.90$4.90$0.1049.00$265.10
$265.00$260.00Aug 21$4.85$4.85$0.1532.33$260.15
$250.00$245.00Aug 14$4.82$4.82$0.1826.78$245.18
$260.00$255.00Aug 14$4.79$4.79$0.2122.81$255.21
$240.00$237.50Aug 7$2.38$2.38$0.1219.83$237.62

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 52 found (avg debit $1.35, cheapest $0.13)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$270.00Aug 7Aug 14$0.1366.4%50.9%
$265.00Aug 7Aug 14$0.2360.9%50.3%
$185.00Aug 7Aug 21$0.3090.4%49.5%
$205.00Aug 7Aug 14$0.3050.9%44.2%
$260.00Aug 7Aug 14$0.3261.4%49.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$192.50Aug 7Aug 14$0.2361.9%50.3%
$195.00Aug 7Aug 14$0.2564.9%48.7%
$197.50Aug 7Aug 14$0.3156.3%45.9%
$200.00Aug 7Aug 14$0.4155.5%45.5%
$270.00Aug 14Aug 21$0.4750.9%48.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 99 found (cheapest 4.05% of stock, avg 10.88%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$225.00Aug 7$5.78$3.43$9.21$215.79$234.214.05%
$227.50Aug 7$4.58$4.68$9.26$218.24$236.764.07%
$230.00Aug 7$3.48$6.15$9.63$220.37$239.634.24%
$222.50Aug 7$7.32$2.48$9.80$212.70$232.304.31%
$232.50Aug 7$2.60$8.02$10.62$221.88$243.124.67%
$220.00Aug 7$9.05$1.71$10.76$209.24$230.764.73%
$235.00Aug 7$1.93$9.93$11.86$223.14$246.865.22%
$217.50Aug 7$10.75$1.16$11.91$205.59$229.415.24%
$237.50Aug 7$1.42$11.55$12.97$224.53$250.475.71%
$215.00Aug 7$13.05$0.76$13.81$201.19$228.816.08%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.97% of stock, avg 4.62%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$240.00$217.50Aug 7$1.05$1.16$2.21$215.29$242.21
$237.50$217.50Aug 7$1.42$1.16$2.58$214.92$240.08
$240.00$220.00Aug 7$1.05$1.71$2.76$217.24$242.76
$235.00$217.50Aug 7$1.93$1.16$3.09$214.41$238.09
$237.50$220.00Aug 7$1.42$1.71$3.13$216.87$240.63
$240.00$222.50Aug 7$1.05$2.48$3.53$218.97$243.53
$235.00$220.00Aug 7$1.93$1.71$3.64$216.36$238.64
$232.50$217.50Aug 7$2.60$1.16$3.76$213.74$236.26
$237.50$222.50Aug 7$1.42$2.48$3.90$218.60$241.40
$232.50$220.00Aug 7$2.60$1.71$4.31$215.69$236.81

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 211 found (best R:R 49.00, avg credit $2.93)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
190/192195/200Aug 14$4.90$0.1049.00$187.60$199.90
190/195200/205Aug 28$4.81$0.1925.32$190.19$204.81
192/195202/205Aug 21$2.39$0.1121.73$192.61$204.89
205/208210/215Aug 14$4.77$0.2320.74$202.73$214.77
202/205210/215Aug 14$4.76$0.2419.83$200.24$214.76
200/202210/215Aug 14$4.69$0.3115.13$197.81$214.69
185/190200/205Aug 28$4.67$0.3314.15$185.33$204.67
210/215220/225Aug 28$4.67$0.3314.15$210.33$224.67
198/200210/215Aug 14$4.66$0.3413.71$195.34$214.66
215/218222/225Aug 14$2.32$0.1812.89$215.18$224.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 132 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$245.00$247.50$250.00Aug 7$0.05$2.4549.00
$227.50$230.00$232.50Aug 14$0.05$2.4549.00
$255.00$257.50$260.00Aug 14$0.05$2.4549.00
$250.00$255.00$260.00Aug 28$0.10$4.9049.00
$215.00$220.00$225.00Sep 4$0.11$4.8944.45
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$210.00$212.50$215.00Aug 7$0.05$2.4549.00
$190.00$192.50$195.00Aug 21$0.05$2.4549.00
$250.00$255.00$260.00Aug 28$0.10$4.9049.00
$195.00$197.50$200.00Aug 7$0.06$2.4440.67
$207.50$210.00$212.50Aug 14$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. 114 found (best net $-4.06, 109 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$195.00$215.001:2Sep 11-$4.06$15.94
$240.00$250.001:2Sep 11-$1.75$8.25
$265.00$270.001:2Aug 7-$0.03$4.97
$265.00$270.001:2Aug 21-$0.36$4.64
$260.00$265.001:2Aug 21-$0.39$4.61
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$190.00$185.001:2Aug 14-$0.10$4.90
$190.00$185.001:2Aug 21-$0.21$4.79
$190.00$185.001:2Aug 28-$0.26$4.74
$195.00$190.001:2Aug 28-$0.39$4.61
$190.00$185.001:2Sep 4-$0.57$4.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 4.49%, avg 1.37%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$10.200.481.2%4.49%5.68%18--
$230.00Sep 4$8.750.471.2%3.85%5.05%54185
$230.00Aug 28$8.250.461.2%3.63%4.83%144352
$235.00Sep 11$8.000.423.4%3.52%6.92%121
$227.50Aug 21$7.750.490.1%3.41%3.51%65506
$235.00Sep 4$6.800.403.4%2.99%6.39%1629
$230.00Aug 21$6.750.441.2%2.97%4.17%3274.6K
$240.00Sep 11$6.550.365.6%2.88%8.48%21
$235.00Aug 28$6.350.383.4%2.79%6.19%52203
$227.50Aug 14$5.900.470.1%2.60%2.69%11156

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 37,614
Total Puts 10,174
Put/Call Ratio 0.27
Net Difference 27,440

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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