IBM - Options Database

IBM

IBM CORP

$244.02 +0.87%

(10/21 10:00) ◀

Wednesday, October 21, 2026 (11:00am)

▶ (10/22 18:33)

◀ 10/21 11:00 ▶

Option Volume

Detail

ℹ

Current (10/21 11:00am) 18,369

Calls: 9,551 (52%)

Puts: 8,818 (48%)

Prior (10/01) 46,708

Calls: 33,343 (71%)

Puts: 13,365 (29%)

Current vs Prior -60.67%

Calls: -71.36% (Calls)

Puts: -34.02% (Puts)

Prior 7-Day Total 414,302

Calls: 298,881 (72%)

Puts: 115,421 (28%)

Prior 7-Day Average 59,186

Calls: 42,697 (72%)

Puts: 16,488 (28%)

Current vs Prior 7-Day Avg -68.96%

Calls: -77.63%

Puts: -46.52%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (10/21 11:00am) $13.55M

Calls: $9.26M (68%)

Puts: $4.29M (32%)

Prior (10/01) $16.04M

Calls: $9.62M (60%)

Puts: $6.42M (40%)

Current vs Prior -15.51%

Calls: -3.75%

Puts: -33.13%

Prior 7-Day Total $246.70M

Calls: $156.21M (63%)

Puts: $90.49M (37%)

Prior 7-Day Average $35.24M

Calls: $22.32M (63%)

Puts: $12.93M (37%)

Current vs Prior 7-Day Avg -61.56%

Calls: -58.52%

Puts: -66.81%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/21 11:00am) 0.92

Prior (10/01) 0.40

Current vs Prior +130.33%

Prior 7-Day Average 0.43

Current vs Prior 7-Day Avg +114.83%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (10/21 11:00am) 547,078

Calls: 304,201 (56%)

Puts: 242,877 (44%)

Prior (10/01) 599,107

Calls: 332,364 (55%)

Puts: 266,743 (45%)

Current vs Prior -8.68%

Prior 7-Day Total 4,543,002

Calls: 2,573,093 (57%)

Puts: 1,969,909 (43%)

Prior 7-Day Average 649,000

Calls: 367,584 (57%)

Puts: 281,415 (43%)

Current vs Prior 7-Day Avg -15.70%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (10/23) | Next (10/30)Expiry (11/20) | Next (12/18)

Current 7.46% | 8.35%10.39% | 12.81%

Prior 8.08% | 8.76%10.72% | 13.20%

Current vs Prior -7.66% | -4.74%-3.03% | -2.94%

Prior 7-Day Avg 4.72% | 6.40%7.48% | 12.28%

Current vs 7-Day Avg +58.06% | +30.49%+38.90% | +4.33%

Prior 7-Day Eod 8.08% | 8.76%10.51% | 13.15%

Current vs 7-Day Eod -7.66% | -4.74%-1.13% | -2.61%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.99% | 8.08%

Calls: 3.23% | 8.53%

Puts: 6.74% | 7.64%

Prior 5.81% | 5.92%

Calls: 3.79% | 5.35%

Puts: 7.84% | 6.48%

Current vs Prior -14.11% | +36.49%

Prior 7-Day Avg 14.12% | 12.29%

Calls: 11.87% | 9.82%

Puts: 16.37% | 14.76%

Current vs 7-Day Avg -64.65% | -34.27%

Liquidity Acceptable

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🤖 AI Insights

Moderately bullish flow with 68% call dollar volume ($9.26M). Below-average activity with volume down 61% vs prior. P/C ratio rising 130% - increased hedging/bearish positioning.

Smart Money BULLISH

Retail Flow NEUTRAL

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
11:00	BULLISH	NEUTRAL	BULLISH
10:00	BULLISH	BULLISH	BULLISH

📈 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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 109 of results (avg 7.3%, best 3.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$242.50	Oct 23	9.15	9.45	$9.30	3.2%	85	0.55	808
$260.00	Oct 23	2.95	3.05	$3.00	3.3%	485	0.25	1.4K
$210.00	Nov 20	35.05	36.25	$35.65	3.4%	10	0.90	396
$230.00	Oct 23	17.05	17.70	$17.38	3.7%	27	0.77	688
$260.00	Oct 30	3.85	4.00	$3.93	3.8%	198	0.28	1.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$240.00	Nov 20	9.90	10.30	$10.10	4.0%	26	0.43	726
$235.00	Nov 20	7.80	8.15	$7.98	4.4%	4	0.37	1.9K
$242.50	Nov 20	11.20	11.75	$11.48	4.8%	16	0.47	1
$230.00	Oct 23	2.98	3.15	$3.07	5.5%	67	0.23	584
$240.00	Nov 13	9.45	10.00	$9.73	5.7%	--	0.44	50

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 11 found (avg $0.67, cheapest $0.62)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$280.00	Oct 23	0.58	0.65	$0.62	11.3%	219	0.07	1.9K
$277.50	Oct 23	0.70	0.80	$0.75	13.3%	1	0.08	29
$275.00	Oct 23	0.86	1.00	$0.93	15.1%	124	0.10	1.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 23	0.16	0.19	$0.18	16.7%	267	0.02	1.7K
$210.00	Oct 23	0.43	0.51	$0.47	17.0%	85	0.05	1.2K
$212.50	Oct 23	0.52	0.60	$0.56	14.3%	15	0.06	271
$215.00	Oct 23	0.71	0.80	$0.76	11.8%	215	0.07	1.1K
$217.50	Oct 23	0.92	1.00	$0.96	8.3%	77	0.09	235

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 94 found (avg delta 0.73, highest 0.98)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 23	43.30	46.45	$44.88	7.0%	--	0.98	162
$200.00	Oct 30	43.60	46.70	$45.15	6.9%	--	0.97	118
$205.00	Oct 23	38.50	40.75	$39.63	5.7%	--	0.97	31
$200.00	Nov 13	44.05	47.00	$45.53	6.5%	10	0.96	10
$210.00	Oct 23	33.95	36.10	$35.03	6.1%	1	0.95	86

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$290.00	Nov 20	46.55	49.40	$47.97	5.9%	--	0.91	274
$285.00	Nov 20	41.70	44.80	$43.25	7.2%	--	0.88	77
$280.00	Nov 13	37.00	40.15	$38.58	8.2%	--	0.86	33
$280.00	Nov 20	37.50	40.20	$38.85	6.9%	--	0.85	364
$275.00	Nov 20	32.90	35.90	$34.40	8.7%	--	0.82	157

Most actively traded options today. High liquidity = easy entry/exit. 195 active (total vol 11.6K, top 1.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$250.00	Nov 20	8.70	9.30	$9.00	6.7%	1.1K	0.43	7.1K
$260.00	Oct 23	2.95	3.05	$3.00	3.3%	485	0.25	1.4K
$245.00	Oct 23	7.80	8.30	$8.05	6.2%	391	0.50	1.1K
$250.00	Oct 23	5.50	6.25	$5.88	12.8%	244	0.41	1.8K
$270.00	Nov 20	3.25	3.65	$3.45	11.6%	234	0.21	1.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$225.00	Oct 23	1.89	2.11	$2.00	11.0%	772	0.17	1.7K
$250.00	Nov 20	15.20	16.25	$15.73	6.7%	538	0.56	449
$210.00	Nov 20	1.60	1.82	$1.71	12.9%	474	0.11	1.3K
$227.50	Oct 23	2.42	2.69	$2.55	10.6%	441	0.20	161
$220.00	Oct 23	1.20	1.30	$1.25	8.0%	286	0.11	1.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 33 strikes (avg 155.8%, max 193.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$235.00	Oct 23	Nov 27	113.6%	38.7%	193.5%	72	1.4K
$230.00	Oct 23	Nov 27	112.3%	38.8%	189.5%	27	726
$240.00	Oct 23	Nov 27	111.8%	39.6%	182.6%	107	2.4K
$225.00	Oct 23	Nov 27	113.4%	40.3%	181.6%	28	190
$250.00	Oct 23	Nov 27	110.8%	40.5%	173.5%	244	1.9K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$235.00	Oct 23	Nov 27	113.6%	38.7%	193.5%	284	600
$230.00	Oct 23	Nov 27	112.3%	38.8%	189.5%	69	604
$240.00	Oct 23	Nov 27	111.8%	39.6%	182.6%	242	372
$225.00	Oct 23	Nov 27	113.4%	40.3%	181.6%	774	1.7K
$250.00	Oct 23	Nov 27	110.8%	40.5%	173.5%	11	206

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 180 found (best R:R 0.58, avg 4.74)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$222.50	Oct 30	$1.58	$0.92	$1.58	86%	0.58	$221.58
$250.00	$255.00	Nov 27	$1.42	$3.58	$1.42	43%	2.52	$251.42
$280.00	$285.00	Nov 6	$0.11	$4.89	$0.11	12%	44.45	$280.11
$250.00	$252.50	Nov 20	$0.70	$1.80	$0.70	43%	2.57	$250.70
$270.00	$275.00	Nov 27	$0.70	$4.30	$0.70	22%	6.14	$270.70

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$230.00	$227.50	Nov 20	$0.20	$2.30	$0.20	30%	11.50	$229.80
$235.00	$232.50	Nov 20	$0.41	$2.09	$0.41	37%	5.10	$234.59
$245.00	$242.50	Nov 6	$0.87	$1.63	$0.87	49%	1.87	$244.13
$245.00	$240.00	Nov 27	$2.17	$2.83	$2.17	50%	1.30	$242.83
$230.00	$225.00	Nov 27	$1.25	$3.75	$1.25	31%	3.00	$228.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 140 found (best R:R 1.31, avg 0.37)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$285.00	$290.00	Nov 13	$0.78	$0.78	$4.22	88%	0.18	$285.78
$247.50	$250.00	Oct 23	$1.25	$1.25	$1.25	54%	1.00	$248.75
$252.50	$255.00	Nov 20	$1.10	$1.10	$1.40	60%	0.79	$253.60
$245.00	$247.50	Nov 20	$1.33	$1.33	$1.17	50%	1.14	$246.33
$265.00	$267.50	Oct 30	$0.60	$0.60	$1.90	78%	0.32	$265.60

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$227.50	$225.00	Nov 20	$1.42	$1.42	$1.08	72%	1.31	$226.08
$227.50	$225.00	Nov 6	$1.25	$1.25	$1.25	74%	1.00	$226.25
$232.50	$230.00	Nov 20	$1.42	$1.42	$1.08	66%	1.31	$231.08
$240.00	$237.50	Nov 6	$1.55	$1.55	$0.95	58%	1.63	$238.45
$240.00	$235.00	Nov 27	$2.55	$2.55	$2.45	56%	1.04	$237.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 18 found (avg debit $1.23, cheapest $3.30)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$247.50	Oct 23	Oct 30	$1.05	114.2%	62.3%
$235.00	Oct 23	Oct 30	$1.10	113.6%	62.4%
$252.50	Oct 23	Oct 30	$1.03	113.0%	61.9%
$242.50	Oct 23	Oct 30	$1.25	111.7%	60.7%
$240.00	Oct 23	Oct 30	$1.08	111.8%	61.5%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$255.00	Oct 23	Nov 13	$3.30	112.0%	47.5%
$252.50	Oct 23	Nov 6	$2.18	113.0%	53.1%
$247.50	Oct 23	Oct 30	$0.85	114.2%	62.3%
$235.00	Oct 23	Oct 30	$0.87	113.6%	62.4%
$242.50	Oct 23	Oct 30	$0.82	111.7%	60.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 73 found (cheapest 6.95% of stock, avg 9.72%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$245.00	Oct 23	$8.05	$8.90	$16.95	$228.05	$261.95	6.95%
$242.50	Oct 23	$9.30	$7.68	$16.98	$225.52	$259.48	6.96%
$240.00	Oct 23	$10.70	$6.53	$17.23	$222.77	$257.23	7.06%
$247.50	Oct 23	$7.13	$10.23	$17.36	$230.14	$264.86	7.11%
$250.00	Oct 23	$5.88	$11.73	$17.61	$232.39	$267.61	7.22%
$237.50	Oct 23	$12.25	$5.53	$17.78	$219.72	$255.28	7.29%
$252.50	Oct 23	$5.15	$13.20	$18.35	$234.15	$270.85	7.52%
$235.00	Oct 23	$13.83	$4.68	$18.51	$216.49	$253.51	7.59%
$242.50	Oct 30	$10.55	$8.50	$19.05	$223.45	$261.55	7.81%
$245.00	Oct 30	$9.35	$9.82	$19.17	$225.83	$264.17	7.86%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.84% of stock, avg 5.95%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$265.00	$220.00	Nov 13	$3.93	$3.00	$6.93	$213.07	$271.93
$257.50	$232.50	Oct 23	$3.60	$3.88	$7.48	$225.02	$264.98
$265.00	$225.00	Nov 13	$3.93	$4.25	$8.18	$216.82	$273.18
$257.50	$235.00	Oct 23	$3.60	$4.68	$8.28	$226.72	$265.78
$255.00	$232.50	Oct 23	$4.30	$3.88	$8.18	$224.32	$263.18
$255.00	$235.00	Oct 23	$4.30	$4.68	$8.98	$226.02	$263.98
$260.00	$220.00	Nov 13	$5.20	$3.00	$8.20	$211.80	$268.20
$265.00	$220.00	Nov 27	$4.95	$3.78	$8.73	$211.27	$273.73
$257.50	$237.50	Oct 23	$3.60	$5.53	$9.13	$228.37	$266.63
$252.50	$232.50	Oct 23	$5.15	$3.88	$9.03	$223.47	$261.53

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 274 found (best R:R 0.56, avg credit $1.24)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
200/202	265/268	Oct 30	$0.90	$1.60	73%	0.56	$201.60	$265.90
220/225	285/290	Nov 13	$2.03	$2.97	64%	0.68	$222.97	$287.03
200/205	285/290	Nov 13	$1.18	$3.82	80%	0.31	$203.82	$286.18
225/230	285/290	Nov 13	$2.28	$2.72	58%	0.84	$227.72	$287.28
218/220	265/268	Oct 30	$1.04	$1.46	64%	0.71	$218.96	$266.04
212/215	265/268	Oct 30	$0.90	$1.60	68%	0.56	$214.10	$265.90
225/228	265/268	Oct 30	$1.20	$1.30	56%	0.92	$226.30	$266.20
215/220	285/290	Nov 13	$1.63	$3.37	69%	0.48	$218.37	$286.63
200/202	255/258	Oct 30	$1.08	$1.42	60%	0.76	$201.42	$256.08
200/202	258/260	Oct 30	$0.97	$1.53	64%	0.63	$201.53	$258.47

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 124 found (best R:R 40.67, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$225.00	$230.00	$235.00	Nov 27	$0.12	$4.88	12%	40.67
$235.00	$240.00	$245.00	Nov 27	$0.18	$4.82	13%	26.78
$265.00	$270.00	$275.00	Nov 13	$0.12	$4.88	8%	40.67
$235.00	$240.00	$245.00	Nov 13	$0.28	$4.72	14%	16.86
$250.00	$255.00	$260.00	Nov 13	$0.26	$4.74	12%	18.23

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$230.00	$235.00	$240.00	Nov 13	$0.28	$4.72	14%	16.86
$232.50	$235.00	$237.50	Oct 23	$0.05	$2.45	8%	49.00
$220.00	$225.00	$230.00	Nov 13	$0.25	$4.75	12%	19.00
$240.00	$242.50	$245.00	Oct 23	$0.07	$2.43	9%	34.71
$260.00	$265.00	$270.00	Nov 20	$0.23	$4.77	10%	20.74

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 106 found (best net $-9.47, 105 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$200.00	$220.00	1:2	Nov 13	-$9.47	$10.53
$275.00	$285.00	1:2	Nov 27	-$0.48	$9.52
$285.00	$290.00	1:2	Nov 13	-$0.33	$4.67
$285.00	$290.00	1:2	Oct 23	-$0.17	$4.83
$285.00	$290.00	1:2	Oct 30	-$0.41	$4.59

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$265.00	$252.50	1:2	Nov 6	-$6.41	$6.09
$205.00	$200.00	1:2	Nov 6	-$0.24	$4.76
$200.00	$197.50	1:2	Oct 23	-$0.10	$2.40
$205.00	$200.00	1:2	Nov 13	-$0.34	$4.66
$202.50	$200.00	1:2	Oct 23	-$0.13	$2.37

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 76 found (best yield 4.59%, avg 1.64%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$245.00	Nov 27	$11.20	0.50	0.4%	4.59%	4.99%	24	31
$245.00	Nov 20	$10.95	0.50	0.4%	4.49%	4.89%	154	1.4K
$255.00	Nov 27	$7.25	0.38	4.5%	2.97%	7.47%	--	24
$250.00	Nov 20	$8.70	0.43	2.5%	3.57%	6.02%	1.1K	7.1K
$252.50	Nov 20	$7.80	0.40	3.5%	3.20%	6.67%	10	10
$260.00	Nov 27	$5.80	0.32	6.5%	2.38%	8.93%	2	52
$255.00	Nov 20	$6.85	0.37	4.5%	2.81%	7.31%	60	1.7K
$247.50	Nov 20	$9.25	0.47	1.4%	3.79%	5.22%	1	20
$245.00	Nov 13	$10.35	0.49	0.4%	4.24%	4.64%	6	64
$250.00	Nov 27	$8.20	0.43	2.5%	3.36%	5.81%	--	22

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 9,551

Total Puts 8,818

Put/Call Ratio 0.92

Net Difference 733

Prior's Put/Call Breakdown

Total Calls 33,343

Total Puts 13,365

Put/Call Ratio 0.40

Net Difference 19,978

Prior 7-Day Put/Call Summary

Total Calls 298,881

Total Puts 115,421

Average Put/Call Ratio 0.43

Ratio Trend Rising

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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