Tour v487
IBM
IBM CORP
$226.31 +1.19%
$227.12 (+0.36%)🌙
as of 08/03 04:00 PM
(8/3 15:00) ◀
|
Monday, August 3, 2026 (4:00pm)
January 2026
|
▶ (8/3 18:34)
◀ 8/3 16:00 ▶

Option Volume

Detail
ℹ
Current (08/03 4:00pm) 72,646
Calls: 57,587 (79%)
Puts: 15,059 (21%)
Prior --
Calls: 15,235 (64%)
Puts: 8,626 (36%)
Current vs Prior +0.00%
Calls: +277.99% (Calls)
Puts: +74.58% (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 -27.91%
Calls: -11.16%
Puts: -58.11%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/03 4:00pm) $54.92M
Calls: $36.78M (67%)
Puts: $18.14M (33%)
Prior --
Calls: $8.11M (44%)
Puts: $10.46M (56%)
Current vs Prior +0.00%
Calls: +353.67%
Puts: +73.36%
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 -25.22%
Calls: -1.58%
Puts: -49.71%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/03 4:00pm) 0.26
Prior 1.00
Current vs Prior -73.85%
Prior 7-Day Average 0.42
Current vs Prior 7-Day Avg -38.15%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/03 4:00pm) 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 4.45% | 6.52%7.94% | 13.13%
Prior 3.71% | 6.37%10.44% | 14.89%
Current vs Prior +20.08% | +2.32%-23.90% | -11.84%
Prior 7-Day Avg 4.98% | 7.58%10.20% | 15.61%
Current vs 7-Day Avg -10.61% | -14.06%-22.12% | -15.89%
Prior 7-Day Eod 3.71% | 6.37%8.41% | 13.16%
Current vs 7-Day Eod +20.08% | +2.32%-5.59% | -0.24%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.52% | 7.21%
Calls: 3.04% | 4.48%
Puts: 7.99% | 9.94%
Prior 20.09% | 26.45%
Calls: 19.28% | 21.43%
Puts: 20.90% | 31.46%
Current vs Prior -72.52% | -72.74%
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% | -53.80%
Liquidity Pricy
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🤖 AI Insights

Moderately bullish flow with 67% call dollar volume ($36.78M). Extreme bullish P/C ratio of 0.26 - heavy call buying (57,587 calls vs 15,059 puts). P/C ratio dropping 74% - 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
16:00BULLISHBULLISHBULLISH
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 76 of results (avg 7.3%, best 3.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Aug 77.908.15$8.033.1%3330.73947
$230.00Aug 72.802.89$2.853.2%1.6K0.381.7K
$225.00Aug 146.556.85$6.704.5%900.52319
$230.00Aug 216.206.50$6.354.7%4840.434.6K
$225.00Aug 218.258.65$8.454.7%1820.521.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Aug 79.9510.45$10.204.9%110.77119
$225.00Aug 289.6510.15$9.905.1%130.4880
$270.00Aug 2144.0046.30$45.155.1%10.94789
$220.00Aug 71.781.88$1.835.5%2900.27846
$265.00Aug 2139.1541.40$40.285.6%80.93676

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 8 found (avg $0.61, cheapest $0.23)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Aug 70.210.25$0.2317.4%1.1K0.041.9K
$245.00Aug 70.390.43$0.419.8%2840.08757
$242.50Aug 70.530.60$0.5612.5%2080.10297
$240.00Aug 70.740.80$0.777.8%1.7K0.132.2K
$260.00Aug 210.750.87$0.8114.8%2350.085.8K
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$212.50Aug 70.460.51$0.4910.2%1610.09680
$215.00Aug 70.730.83$0.7812.8%5150.141.1K

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
$190.00Aug 1435.7538.40$37.087.1%--1.0050
$195.00Aug 1430.6533.05$31.857.5%--1.0042
$200.00Aug 1425.4528.10$26.789.9%1011.00173
$185.00Aug 2139.6043.40$41.509.2%--1.0038
$190.00Aug 2135.2037.40$36.306.1%211.00162
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$257.50Aug 729.4032.85$31.1311.1%11.00--
$270.00Aug 1443.8046.45$45.135.9%--0.9733
$260.00Aug 1434.0037.05$35.538.6%--0.9437
$255.00Aug 727.3029.35$28.337.2%10.949
$265.00Aug 1438.8541.35$40.106.2%--0.9446

Most actively traded options today. High liquidity = easy entry/exit. 232 active (total vol 41.4K, top 5.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$232.50Aug 72.002.15$2.087.2%5.6K0.30548
$250.00Aug 211.631.71$1.674.8%5.2K0.157.6K
$235.00Aug 71.461.58$1.527.9%3.3K0.231.5K
$235.00Aug 214.555.10$4.8211.4%2.1K0.341.9K
$240.00Aug 70.740.80$0.777.8%1.7K0.132.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Aug 215.406.15$5.7813.0%6980.383.6K
$200.00Aug 210.951.17$1.0620.8%5310.107.5K
$215.00Aug 70.730.83$0.7812.8%5150.141.1K
$222.50Aug 72.472.74$2.6110.3%3640.3597
$207.50Aug 70.150.24$0.2045.0%2960.041.4K

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 22.8%, max 115.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Aug 2894.9%44.0%115.8%628
$270.00Aug 7Sep 1178.4%43.8%78.9%39241
$195.00Aug 7Sep 1171.3%40.9%74.5%8418
$260.00Aug 7Sep 1162.7%43.6%44.0%225865
$255.00Aug 7Sep 1161.3%43.3%41.4%404326
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$185.00Aug 7Sep 494.9%44.8%111.8%11198
$195.00Aug 7Sep 1171.3%40.9%74.5%54399
$190.00Aug 7Sep 459.9%42.7%40.1%89569
$255.00Aug 7Aug 2861.3%45.7%34.1%119
$192.50Aug 7Aug 2157.8%43.7%32.3%67731

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 140 found (best R:R 49.00, avg 6.14)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$260.00$265.00Aug 21$0.10$4.90$0.1049.00$260.10
$265.00$270.00Aug 21$0.12$4.88$0.1240.67$265.12
$260.00$265.00Sep 4$0.15$4.85$0.1532.33$260.15
$260.00$265.00Aug 28$0.19$4.81$0.1925.32$260.19
$247.50$250.00Aug 7$0.12$2.38$0.1219.83$247.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$190.00$185.00Aug 14$0.12$4.88$0.1240.67$189.88
$190.00$185.00Aug 21$0.13$4.87$0.1337.46$189.87
$195.00$192.50Aug 7$0.12$2.38$0.1219.83$194.88
$185.00$182.50Aug 7$0.13$2.37$0.1318.23$184.87
$195.00$190.00Aug 28$0.27$4.73$0.2717.52$194.73

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 189 found (best R:R 49.00, avg 2.71)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$185.00$190.00Aug 28$4.83$4.83$0.1728.41$189.83
$190.00$195.00Aug 21$4.75$4.75$0.2519.00$194.75
$215.00$217.50Aug 14$2.35$2.35$0.1515.67$217.35
$200.00$205.00Aug 14$4.63$4.63$0.3712.51$204.63
$195.00$197.50Aug 7$2.30$2.30$0.2011.50$197.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$265.00$260.00Aug 21$4.90$4.90$0.1049.00$260.10
$255.00$250.00Aug 7$4.88$4.88$0.1240.67$250.12
$270.00$265.00Aug 21$4.87$4.87$0.1337.46$265.13
$260.00$255.00Aug 21$4.68$4.68$0.3214.63$255.32
$247.50$245.00Aug 7$2.32$2.32$0.1812.89$245.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 54 found (avg debit $1.26, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$270.00Aug 7Aug 14$0.0878.4%52.9%
$190.00Aug 7Aug 14$0.1059.9%49.6%
$200.00Aug 7Aug 14$0.1351.8%44.3%
$195.00Aug 7Aug 14$0.1771.3%48.6%
$197.50Aug 7Aug 21$0.3252.6%43.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$190.00Aug 7Aug 14$0.1659.9%49.6%
$265.00Aug 14Aug 21$0.1857.8%48.1%
$195.00Aug 7Aug 14$0.1971.3%48.6%
$192.50Aug 7Aug 14$0.2257.8%49.1%
$197.50Aug 7Aug 14$0.3852.6%47.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 102 found (cheapest 3.86% of stock, avg 10.88%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$225.00Aug 7$5.13$3.60$8.73$216.27$233.733.86%
$227.50Aug 7$3.88$4.95$8.83$218.67$236.333.90%
$222.50Aug 7$6.68$2.61$9.29$213.21$231.794.10%
$230.00Aug 7$2.85$6.48$9.33$220.67$239.334.12%
$220.00Aug 7$8.03$1.83$9.86$210.14$229.864.36%
$232.50Aug 7$2.08$8.25$10.33$222.17$242.834.56%
$217.50Aug 7$10.48$1.19$11.67$205.83$229.175.16%
$235.00Aug 7$1.52$10.20$11.72$223.28$246.725.18%
$215.00Aug 7$12.03$0.78$12.81$202.19$227.815.66%
$237.50Aug 7$1.12$12.10$13.22$224.28$250.725.84%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.84% of stock, avg 4.55%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$237.50$215.00Aug 7$1.12$0.78$1.90$213.10$239.40
$235.00$215.00Aug 7$1.52$0.78$2.30$212.70$237.30
$237.50$217.50Aug 7$1.12$1.19$2.31$215.19$239.81
$235.00$217.50Aug 7$1.52$1.19$2.71$214.79$237.71
$232.50$215.00Aug 7$2.08$0.78$2.86$212.14$235.36
$237.50$220.00Aug 7$1.12$1.83$2.95$217.05$240.45
$232.50$217.50Aug 7$2.08$1.19$3.27$214.23$235.77
$235.00$220.00Aug 7$1.52$1.83$3.35$216.65$238.35
$230.00$215.00Aug 7$2.85$0.78$3.63$211.37$233.63
$237.50$222.50Aug 7$1.12$2.61$3.73$218.77$241.23

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 203 found (best R:R 37.46, avg credit $3.05)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
185/190195/200Aug 28$4.87$0.1337.46$185.13$199.87
200/205210/215Aug 28$4.87$0.1337.46$200.13$214.87
185/190200/205Aug 28$4.85$0.1532.33$185.15$204.85
182/185200/202Aug 7$2.40$0.1024.00$182.60$202.40
185/190195/200Sep 4$4.79$0.2122.81$185.21$199.79
192/195200/202Aug 7$2.39$0.1121.73$192.61$202.39
182/185205/208Aug 7$2.38$0.1219.83$182.62$207.38
185/190200/205Aug 14$4.75$0.2519.00$185.25$204.75
192/195205/208Aug 7$2.37$0.1318.23$192.63$207.37
190/195200/205Aug 28$4.72$0.2816.86$190.28$204.72

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 131 found (best R:R 61.50, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Sep 4$0.09$4.9154.56
$260.00$265.00$270.00Aug 7$0.10$4.9049.00
$240.00$245.00$250.00Aug 21$0.10$4.9049.00
$240.00$242.50$245.00Aug 7$0.06$2.4440.67
$225.00$230.00$235.00Aug 28$0.12$4.8840.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Aug 14$0.08$4.9261.50
$205.00$210.00$215.00Aug 28$0.08$4.9261.50
$230.00$235.00$240.00Aug 28$0.09$4.9154.56
$195.00$197.50$200.00Aug 21$0.06$2.4440.67
$205.00$210.00$215.00Sep 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. 119 found (best net $-4.01, 114 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$195.00$215.001:2Sep 11-$4.01$15.99
$260.00$270.001:2Sep 11-$0.65$9.35
$240.00$250.001:2Sep 11-$1.72$8.28
$260.00$265.001:2Aug 7-$0.02$4.98
$265.00$270.001:2Aug 7-$0.18$4.82
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$230.00$220.001:2Sep 11-$4.13$5.87
$190.00$185.001:2Aug 28-$0.05$4.95
$190.00$185.001:2Aug 21-$0.22$4.78
$200.00$195.001:2Aug 28-$0.49$4.51
$195.00$190.001:2Sep 4-$0.53$4.47

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 4.31%, avg 1.26%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Sep 11$9.750.471.6%4.31%5.94%21--
$230.00Sep 4$8.750.461.6%3.87%5.50%66185
$230.00Aug 28$7.700.441.6%3.40%5.03%153352
$235.00Sep 11$7.450.413.8%3.29%7.13%821
$227.50Aug 21$7.150.470.5%3.16%3.69%85506
$235.00Sep 4$6.500.383.8%2.87%6.71%2029
$240.00Sep 11$6.500.366.0%2.87%8.92%21
$230.00Aug 21$6.200.431.6%2.74%4.37%4844.6K
$235.00Aug 28$6.000.373.8%2.65%6.49%78203
$227.50Aug 14$5.450.460.5%2.41%2.93%16056

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 57,587
Total Puts 15,059
Put/Call Ratio 0.26
Net Difference 42,528

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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