Tour v483
IBM
IBM CORP
$227.95 +1.92%
(8/3 14:00) ◀
|
Monday, August 3, 2026 (3:00pm)
January 2026
|
▶ (8/3 16:00)
◀ 8/3 15:00 ▶

Option Volume

Detail
ℹ
Current (08/03 3:00pm) 57,395
Calls: 44,798 (78%)
Puts: 12,597 (22%)
Prior --
Calls: 15,235 (64%)
Puts: 8,626 (36%)
Current vs Prior +0.00%
Calls: +194.05% (Calls)
Puts: +46.04% (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 -43.04%
Calls: -30.89%
Puts: -64.96%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03 3:00pm) $48.21M
Calls: $31.75M (66%)
Puts: $16.46M (34%)
Prior --
Calls: $8.11M (44%)
Puts: $10.46M (56%)
Current vs Prior +0.00%
Calls: +291.60%
Puts: +57.39%
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 -34.35%
Calls: -15.05%
Puts: -54.35%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03 3:00pm) 0.28
Prior 1.00
Current vs Prior -71.88%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -33.49%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/03 3:00pm) 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 4.63% | 6.82%8.18% | 12.96%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +24.89% | +7.09%-21.63% | -12.95%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -7.02% | -10.05%-19.80% | -16.95%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +24.89% | +7.09%-2.77% | -1.49%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.52% | 4.51%
Calls: 3.04% | 4.55%
Puts: 7.99% | 4.47%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior -72.52% | -82.95%
Prior 7-Day Avg 16.02% | 15.61%
Calls: 13.11% | 12.45%
Puts: 18.93% | 18.76%
Current vs 7-Day Avg -65.55% | -71.10%
Liquidity Acceptable
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🤖 AI Insights

Moderately bullish flow with 66% call dollar volume ($31.75M). Extreme bullish P/C ratio of 0.28 - heavy call buying (44,798 calls vs 12,597 puts). P/C ratio dropping 72% - 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
15:00BULLISHBULLISHBULLISH
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 115 of results (avg 6.7%, best 1.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Aug 72.122.16$2.141.9%2.5K0.291.5K
$200.00Aug 727.8028.40$28.102.1%170.99117
$230.00Aug 73.753.85$3.802.6%1.4K0.451.7K
$240.00Aug 142.552.62$2.592.7%1.0K0.25929
$230.00Aug 217.157.35$7.252.8%4660.464.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$227.50Aug 218.909.20$9.053.3%770.50110
$237.50Aug 710.8511.25$11.053.6%300.773
$230.00Aug 148.759.15$8.954.5%30.5666
$210.00Aug 212.432.56$2.505.2%1850.204.3K
$235.00Aug 78.809.30$9.055.5%10.71119

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 15 found (avg $0.60, cheapest $0.26)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 70.330.36$0.358.6%8440.061.9K
$270.00Aug 210.530.60$0.5612.5%1470.063.1K
$245.00Aug 70.610.65$0.636.3%2450.11757
$265.00Aug 210.750.85$0.8012.5%360.08648
$242.50Aug 70.830.90$0.878.0%1790.14297
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Aug 70.240.27$0.2611.5%1750.051.1K
$212.50Aug 70.390.46$0.4316.3%1400.08680
$200.00Aug 140.410.46$0.4411.4%800.06739
$190.00Aug 210.420.46$0.449.1%1130.044.6K
$202.50Aug 140.530.64$0.5918.6%230.0758

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 103 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$187.50Aug 739.0041.70$40.356.7%41.0010
$190.00Aug 1436.5039.20$37.857.1%--1.0050
$195.00Aug 1431.5534.25$32.908.2%--1.0042
$200.00Aug 1427.1029.35$28.238.0%1001.00173
$185.00Aug 2141.5545.10$43.338.2%--1.0038
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$257.50Aug 728.7031.20$29.958.3%11.00--
$270.00Aug 1442.2545.25$43.756.9%--0.9733
$255.00Aug 726.2528.70$27.488.9%10.959
$265.00Aug 1437.7540.35$39.056.7%--0.9546
$260.00Aug 1432.4535.90$34.1710.1%--0.9437

Most actively traded options today. High liquidity = easy entry/exit. 230 active (total vol 33.8K, top 4.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 212.022.14$2.085.8%4.1K0.177.6K
$232.50Aug 72.802.95$2.885.2%3.5K0.36548
$235.00Aug 72.122.16$2.141.9%2.5K0.291.5K
$235.00Aug 215.305.50$5.403.7%2.0K0.371.9K
$230.00Aug 73.753.85$3.802.6%1.4K0.451.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Aug 215.305.70$5.507.3%6950.363.6K
$215.00Aug 70.620.69$0.6610.6%4360.121.1K
$200.00Aug 210.991.06$1.026.9%4030.097.5K
$222.50Aug 72.072.30$2.1810.6%3400.3097
$207.50Aug 70.140.20$0.1735.3%2870.041.4K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 58 strikes (avg 22.5%, max 84.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Aug 2885.0%46.6%82.4%428
$270.00Aug 7Sep 470.2%47.4%48.2%29245
$195.00Aug 7Sep 1160.4%42.1%43.4%8218
$265.00Aug 7Sep 462.1%45.1%37.6%16482
$190.00Aug 7Aug 2861.9%45.1%37.1%5153
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Sep 485.0%46.1%84.3%11198
$195.00Aug 7Sep 1160.4%42.1%43.4%48399
$190.00Aug 7Sep 461.9%44.1%40.2%87569
$200.00Aug 7Sep 1156.4%42.2%33.5%1691.6K
$255.00Aug 7Aug 2859.4%45.6%30.2%119

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 137 found (best R:R 40.67, avg 5.48)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$265.00$270.00Sep 4$0.18$4.82$0.1826.78$265.18
$257.50$260.00Aug 14$0.10$2.40$0.1024.00$257.60
$265.00$270.00Aug 21$0.24$4.76$0.2419.83$265.24
$260.00$265.00Aug 21$0.25$4.75$0.2519.00$260.25
$245.00$247.50Aug 7$0.14$2.36$0.1416.86$245.14
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$0.11$2.39$0.1121.73$192.39
$190.00$185.00Aug 28$0.23$4.77$0.2320.74$189.77
$200.00$197.50Aug 14$0.13$2.37$0.1318.23$199.87
$190.00$185.00Sep 4$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 40.67, avg 2.57)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$190.00$195.00Aug 28$4.75$4.75$0.2519.00$194.75
$195.00$197.50Aug 7$2.37$2.37$0.1318.23$197.37
$210.00$212.50Aug 7$2.35$2.35$0.1515.67$212.35
$195.00$200.00Aug 14$4.67$4.67$0.3314.15$199.67
$202.50$205.00Aug 7$2.32$2.32$0.1812.89$204.82
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$265.00$260.00Aug 14$4.88$4.88$0.1240.67$260.12
$265.00$260.00Aug 21$4.83$4.83$0.1728.41$260.17
$270.00$265.00Aug 21$4.72$4.72$0.2816.86$265.28
$270.00$265.00Aug 14$4.70$4.70$0.3015.67$265.30
$255.00$250.00Aug 21$4.63$4.63$0.3712.51$250.37

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 53 found (avg debit $1.28, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$200.00Aug 7Aug 14$0.1356.4%45.8%
$270.00Aug 7Aug 14$0.1370.2%51.1%
$265.00Aug 7Aug 14$0.3262.1%52.2%
$260.00Aug 7Aug 14$0.3361.4%49.0%
$257.50Aug 7Aug 14$0.3860.8%48.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$185.00Aug 7Aug 14$0.0685.0%54.5%
$190.00Aug 7Aug 14$0.1361.9%49.7%
$192.50Aug 7Aug 14$0.2457.9%51.0%
$195.00Aug 7Aug 14$0.2460.4%48.3%
$197.50Aug 7Aug 14$0.2757.1%46.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 102 found (cheapest 4.03% of stock, avg 11.00%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$227.50Aug 7$4.93$4.25$9.18$218.32$236.684.03%
$225.00Aug 7$6.18$3.13$9.31$215.69$234.314.08%
$230.00Aug 7$3.80$5.63$9.43$220.57$239.434.14%
$232.50Aug 7$2.88$7.23$10.11$222.39$242.614.44%
$222.50Aug 7$8.02$2.18$10.20$212.30$232.704.47%
$220.00Aug 7$9.65$1.53$11.18$208.82$231.184.90%
$235.00Aug 7$2.14$9.05$11.19$223.81$246.194.91%
$237.50Aug 7$1.59$11.05$12.64$224.86$250.145.55%
$217.50Aug 7$11.80$1.02$12.82$204.68$230.325.62%
$225.00Aug 14$7.85$5.95$13.80$211.20$238.806.05%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.96% of stock, avg 4.63%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$240.00$217.50Aug 7$1.17$1.02$2.19$215.31$242.19
$237.50$217.50Aug 7$1.59$1.02$2.61$214.89$240.11
$240.00$220.00Aug 7$1.17$1.53$2.70$217.30$242.70
$237.50$220.00Aug 7$1.59$1.53$3.12$216.88$240.62
$235.00$217.50Aug 7$2.14$1.02$3.16$214.34$238.16
$240.00$222.50Aug 7$1.17$2.18$3.35$219.15$243.35
$235.00$220.00Aug 7$2.14$1.53$3.67$216.33$238.67
$237.50$222.50Aug 7$1.59$2.18$3.77$218.73$241.27
$232.50$217.50Aug 7$2.88$1.02$3.90$213.60$236.40
$240.00$225.00Aug 7$1.17$3.13$4.30$220.70$244.30

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 214 found (best R:R 32.33, avg credit $3.06)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
205/210215/220Sep 4$4.85$0.1532.33$205.15$219.85
185/190195/200Sep 4$4.80$0.2024.00$185.20$199.80
195/200205/210Aug 28$4.79$0.2122.81$195.21$209.79
190/192195/200Aug 14$4.78$0.2221.73$187.72$199.78
200/202205/208Aug 21$2.38$0.1219.83$200.12$207.38
205/208218/220Aug 14$2.37$0.1318.23$205.13$219.87
198/200205/208Aug 21$2.37$0.1318.23$197.63$207.37
205/208212/215Aug 21$2.35$0.1515.67$205.15$214.85
208/210212/215Aug 21$2.35$0.1515.67$207.65$214.85
200/202210/212Aug 21$2.33$0.1713.71$200.17$212.33

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 134 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
$260.00$265.00$270.00Aug 7$0.08$4.9261.50
$247.50$250.00$252.50Aug 7$0.05$2.4549.00
$240.00$242.50$245.00Aug 7$0.06$2.4440.67
$250.00$252.50$255.00Aug 7$0.06$2.4440.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$215.00$220.00$225.00Sep 4$0.06$4.9482.33
$215.00$220.00$225.00Aug 28$0.08$4.9261.50
$240.00$245.00$250.00Aug 14$0.09$4.9154.56
$200.00$202.50$205.00Aug 7$0.06$2.4440.67
$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. 114 found (best net $-4.90, 111 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$195.00$215.001:2Sep 11-$4.90$15.10
$240.00$250.001:2Sep 11-$1.92$8.08
$265.00$270.001:2Aug 7-$0.08$4.92
$265.00$270.001:2Aug 21-$0.32$4.68
$260.00$265.001:2Aug 21-$0.55$4.45
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$230.00$220.001:2Sep 11-$3.49$6.51
$190.00$185.001:2Aug 14-$0.10$4.90
$190.00$185.001:2Aug 21-$0.20$4.80
$190.00$185.001:2Aug 28-$0.29$4.71
$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. 57 found (best yield 4.61%, avg 1.43%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$10.500.480.9%4.61%5.51%18--
$230.00Sep 4$9.600.480.9%4.21%5.11%66185
$235.00Sep 11$8.900.433.1%3.90%7.00%121
$230.00Aug 28$8.700.470.9%3.82%4.72%146352
$235.00Sep 4$7.200.413.1%3.16%6.25%1729
$230.00Aug 21$7.150.460.9%3.14%4.04%4664.6K
$240.00Sep 11$7.150.375.3%3.14%8.42%21
$235.00Aug 28$6.750.403.1%2.96%6.05%55203
$240.00Sep 4$6.300.355.3%2.76%8.05%234
$232.50Aug 21$6.150.412.0%2.70%4.69%13683

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 44,798
Total Puts 12,597
Put/Call Ratio 0.28
Net Difference 32,201

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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