Home Options IBMChain

IBM

International Business MachinesClose $232.67EOD only

Max Pain

$230.00

Next expiry Aug 21, 2026

Expected Move

±$6.09

2.6% from close

Price Gap

-2.67

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.73

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 18, 2026 close

End-of-day snapshot

This page reflects IBM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Aug 18, 2026 close

IBM Options Chain

Data as of market close Aug 18, 2026

Expiration

Compare calls and puts side by side with OI, volume, IV, and positioning context.

Control Row

Next expiry (DTE 3)

Blank greek cells usually mean usable implied volatility was unavailable for that contract in the market-close snapshot.

Open Interest by Strike

IV Skew

Volume by Strike

Calls

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
115.00	116.54	115.80	119.75	3.40	58	24	273.4%	0.999	0.0001	-0.060	0.001	0.009
120.00	111.63	110.80	114.75	3.19	79	26	258.2%	0.998	0.0001	-0.061	0.001	0.010
125.00	106.69	105.90	109.75	3.23	78	3	255.5%	0.997	0.0001	-0.086	0.002	0.010
130.00	101.71	100.65	104.75	2.97	82	6	200.0%	1.000	0.0000	-0.027	0.000	0.011
135.00	97.97	95.70	99.75	4.22	66	3	200.0%	0.999	0.0001	-0.039	0.001	0.011
140.00	92.98	90.85	94.75	4.93	40	5	207.8%	0.997	0.0002	-0.075	0.002	0.011
145.00	88.04	85.75	89.75	4.98	18	1	183.6%	0.998	0.0001	-0.053	0.001	0.012
150.00	83.06	80.80	84.75	4.90	18	5	177.3%	0.998	0.0002	-0.065	0.002	0.012
155.00	77.99	76.00	79.75	4.79	6	12	180.9%	0.995	0.0004	-0.114	0.003	0.013
160.00	73.01	70.75	74.75	4.80	8	18	148.4%	0.998	0.0002	-0.054	0.001	0.013
165.00	68.00	65.80	69.10	4.68	8	14	223.3%	0.964	0.0017	-0.638	0.017	0.013
170.00	63.01	60.80	64.75	4.67	8	5	131.3%	0.997	0.0004	-0.068	0.002	0.014
175.00	57.97	55.75	59.75	-3.98	2	0	116.4%	0.997	0.0004	-0.057	0.002	0.014
180.00	54.05	51.20	54.70	-4.75	17	32	127.1%	0.989	0.0011	-0.151	0.006	0.015
185.00	51.75	46.60	49.70	0.00	291	0	127.2%	0.980	0.0018	-0.240	0.010	0.015
190.00	43.01	42.10	44.75	-1.79	3	6	126.3%	0.966	0.0028	-0.353	0.016	0.015
192.50	40.53	39.15	42.25	-4.02	2	0	110.9%	0.974	0.0026	-0.260	0.013	0.015
195.00	41.35	36.60	39.15	0.00	2	14	87.9%	0.988	0.0017	-0.118	0.007	0.016
197.50	38.95	34.10	37.25	0.00	630	0	97.7%	0.971	0.0032	-0.248	0.014	0.016
200.00	31.55	31.70	34.10	2.85	2	104	78.6%	0.985	0.0023	-0.129	0.008	0.016
202.50	34.25	29.10	31.65	0.00	1,260	1	71.7%	0.985	0.0025	-0.118	0.008	0.016
205.00	28.48	26.70	29.75	-1.73	1	125	81.2%	0.961	0.0049	-0.264	0.018	0.016
207.50	25.00	24.15	26.70	2.00	1	2	63.6%	0.978	0.0039	-0.139	0.011	0.017
210.00	24.35	21.90	23.15	5.68	13	237	66.5%	0.959	0.0063	-0.230	0.019	0.016
212.50	23.70	19.35	21.70	0.00	1	10	56.4%	0.964	0.0066	-0.179	0.017	0.017
215.00	19.35	17.30	18.90	4.62	29	140	52.9%	0.953	0.0088	-0.206	0.021	0.017
217.50	15.70	14.15	16.75	4.08	22	28	69.8%	0.865	0.0148	-0.554	0.046	0.015
220.00	14.27	12.30	13.20	5.40	232	6,641	43.2%	0.928	0.0151	-0.233	0.029	0.017
222.50	9.55	9.40	12.60	2.78	4	168	65.7%	0.784	0.0211	-0.696	0.062	0.014
225.00	9.00	7.70	8.95	4.00	39	1,170	41.8%	0.819	0.0298	-0.409	0.056	0.015
227.50	7.70	6.10	7.05	3.53	24	436	41.0%	0.737	0.0378	-0.490	0.069	0.014
230.00	4.67	4.25	4.85	1.67	750	4,144	34.6%	0.653	0.0505	-0.467	0.078	0.012
232.50	3.00	3.00	3.35	0.90	625	1,076	33.6%	0.520	0.0562	-0.485	0.084	0.010
235.00	2.06	1.91	2.20	0.66	1,925	2,552	33.1%	0.380	0.0545	-0.453	0.080	0.007
237.50	1.34	1.23	1.44	0.49	1,271	1,039	33.7%	0.259	0.0455	-0.391	0.068	0.005
240.00	0.82	0.73	0.88	0.24	1,856	5,537	33.9%	0.163	0.0344	-0.297	0.052	0.003
242.50	0.54	0.44	0.52	0.20	771	612	34.2%	0.095	0.0235	-0.206	0.036	0.002
245.00	0.30	0.21	0.38	0.08	632	2,350	36.7%	0.064	0.0161	-0.163	0.026	0.001
247.50	0.14	0.07	0.22	-0.09	184	480	37.1%	0.035	0.0099	-0.102	0.016	0.001
250.00	0.12	0.10	0.13	0.00	933	8,885	37.7%	0.019	0.0058	-0.062	0.010	0.000
252.50	0.07	0.05	0.09	0.00	23	1,380	39.5%	0.012	0.0037	-0.043	0.007	0.000
255.00	0.06	0.05	0.07	-0.01	414	1,957	41.8%	0.008	0.0026	-0.034	0.005	0.000
257.50	0.02	0.01	0.14	-0.06	5	447	50.7%	0.015	0.0035	-0.067	0.008	0.000
260.00	0.05	0.03	0.07	0.00	496	5,690	49.2%	0.007	0.0019	-0.034	0.004	0.000
265.00	0.02	0.01	0.03	-0.09	19	1,195	50.4%	0.002	0.0007	-0.013	0.002	0.000
270.00	0.02	0.00	0.02	-0.02	167	3,675	50.8%	0.001	0.0002	-0.004	0.001	0.000
275.00	0.02	0.00	0.02	0.00	5	3,009	56.3%	0.001	0.0002	-0.004	0.000	0.000
280.00	0.01	0.01	0.02	0.00	50	2,944	64.1%	0.001	0.0002	-0.006	0.001	0.000
285.00	0.03	0.00	0.01	0.02	110	3,069	62.5%	0.000	0.0001	-0.002	0.000	0.000
290.00	0.06	0.00	0.01	0.02	1	4,803	68.8%	0.000	0.0001	-0.002	0.000	0.000
295.00	0.01	0.00	0.02	0.00	1	2,630	76.6%	0.000	0.0001	-0.004	0.000	0.000
300.00	0.01	0.00	0.01	0.00	4	7,454	78.1%	0.000	0.0000	-0.002	0.000	0.000
305.00	0.02	0.00	0.04	0.00	1	802	92.2%	0.001	0.0001	-0.008	0.001	0.000
310.00	0.01	0.00	0.01	0.00	1	1,635	87.5%	0.000	0.0000	-0.002	0.000	0.000
315.00	0.01	0.00	0.01	0.00	3	390	90.6%	0.000	0.0000	-0.002	0.000	0.000
320.00	0.01	0.00	0.01	0.00	1	3,843	93.8%	0.000	0.0000	-0.001	0.000	0.000
325.00	0.02	0.00	0.01	-0.01	4	429	98.4%	0.000	0.0000	-0.001	0.000	0.000
330.00	0.01	0.00	0.01	0.00	2	774	103.1%	0.000	0.0000	-0.002	0.000	0.000
335.00	0.01	0.00	0.01	-0.19	16	377	106.3%	0.000	0.0000	-0.001	0.000	0.000
340.00	0.01	0.00	0.05	0.00	40	576	127.3%	0.001	0.0001	-0.010	0.000	0.000
345.00	0.02	0.00	2.13	0.00	6	654	216.5%	0.028	0.0014	-0.494	0.014	0.001
350.00	0.01	0.00	0.01	0.00	84	2,040	118.8%	0.000	0.0000	-0.002	0.000	0.000
355.00	0.03	0.00	0.03	-0.15	1	476	134.4%	0.000	0.0000	-0.006	0.000	0.000
360.00	0.01	0.00	0.04	0.00	1	1,298	142.2%	0.000	0.0001	-0.008	0.000	0.000
365.00	0.03	0.00	0.10	0.00	1	175	158.6%	0.001	0.0001	-0.021	0.001	0.000
370.00	0.20	0.00	0.01	0.00	2	187	134.4%	0.000	0.0000	-0.002	0.000	0.000
375.00	0.01	0.00	0.04	0.00	2	484	153.1%	0.000	0.0000	-0.007	0.000	0.000
380.00	0.02	0.00	0.01	0.00	2	1,027	140.6%	0.000	0.0000	-0.002	0.000	0.000
385.00	0.60	0.00	1.00	0.43	1	204	231.8%	0.011	0.0006	-0.237	0.006	0.000
390.00	0.82	0.00	0.12	0.70	1	174	182.4%	0.001	0.0001	-0.025	0.001	0.000
395.00	0.09	0.00	0.13	-0.03	2	65	187.9%	0.001	0.0001	-0.028	0.001	0.000
400.00	0.01	0.00	0.01	0.00	5	4,631	153.1%	0.000	0.0000	-0.001	0.000	0.000
405.00	0.04	0.00	2.13	-0.02	34	247	282.5%	0.021	0.0008	-0.501	0.011	0.000
410.00	0.05	0.00	0.03	0.00	3	326	175.0%	0.000	0.0000	-0.006	0.000	0.000
415.00	0.05	0.00	0.30	0.00	2	34	222.3%	0.003	0.0002	-0.067	0.002	0.000
420.00	0.06	0.00	0.30	0.00	2	696	226.2%	0.003	0.0002	-0.067	0.002	0.000
425.00	0.69	0.00	0.13	0.68	1	603	210.2%	0.001	0.0001	-0.027	0.001	0.000
430.00	0.02	0.00	0.02	0.00	1	605	181.3%	0.000	0.0000	-0.003	0.000	0.000
435.00	0.69	0.00	2.13	0.68	2	363	310.7%	0.019	0.0007	-0.503	0.010	0.000
440.00	0.08	0.00	0.50	0.00	1	673	256.3%	0.004	0.0002	-0.115	0.003	0.000
445.00	0.09	0.00	0.29	0.00	1	1,264	244.1%	0.002	0.0001	-0.065	0.002	0.000
450.00	0.01	0.00	0.01	0.00	2	930	184.4%	0.000	0.0000	-0.002	0.000	0.000
455.00	0.06	0.00	0.15	0.00	1	624	234.4%	0.001	0.0001	-0.032	0.001	0.000
460.00	0.01	0.00	0.04	0.00	1	623	210.9%	0.000	0.0000	-0.007	0.000	0.000
465.00	0.02	0.00	0.02	0.00	1	247	203.1%	0.000	0.0000	-0.003	0.000	0.000
470.00	0.02	0.00	0.23	0.00	8	1,277	255.1%	0.002	0.0001	-0.050	0.001	0.000
475.00	0.70	0.00	0.20	0.63	3	154	254.7%	0.001	0.0001	-0.043	0.001	0.000
480.00	0.01	0.00	0.02	0.00	1	337	209.4%	0.000	0.0000	-0.003	0.000	0.000
490.00	0.02	0.00	0.02	0.00	2	465	215.6%	0.000	0.0000	-0.003	0.000	0.000

Puts

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
115.00	0.01	0.00	0.02	0.00	4	188	218.8%	-0.000	0.0000	-0.004	0.000	-0.000
120.00	0.01	0.00	0.02	0.00	46	596	206.3%	-0.000	0.0000	-0.004	0.000	-0.000
125.00	0.02	0.00	0.15	0.00	7	201	234.4%	-0.001	0.0001	-0.033	0.001	-0.000
130.00	0.05	0.00	0.05	0.00	1	55	196.9%	-0.000	0.0000	-0.010	0.000	-0.000
135.00	0.07	0.00	0.04	0.00	2	74	181.3%	-0.000	0.0000	-0.008	0.000	-0.000
140.00	0.03	0.00	0.03	0.00	1	218	165.6%	-0.000	0.0000	-0.006	0.000	-0.000
145.00	0.10	0.00	1.00	0.01	1	126	237.5%	-0.011	0.0006	-0.233	0.006	-0.000
150.00	0.02	0.00	0.10	0.00	1	304	162.5%	-0.001	0.0001	-0.021	0.001	-0.000
155.00	0.01	0.00	0.05	0.00	10	318	140.6%	-0.001	0.0001	-0.010	0.000	-0.000
160.00	0.10	0.00	0.20	0.08	5	1,009	152.7%	-0.003	0.0003	-0.045	0.002	-0.000
165.00	0.01	0.00	0.01	0.00	1	605	103.1%	-0.000	0.0000	-0.001	0.000	-0.000
170.00	0.02	0.00	0.20	0.00	11	1,922	130.5%	-0.003	0.0004	-0.046	0.002	-0.000
175.00	0.01	0.00	0.50	-0.01	1	1,088	136.5%	-0.009	0.0008	-0.116	0.005	-0.000
180.00	0.01	0.00	0.01	0.00	8	2,439	79.7%	-0.000	0.0000	-0.002	0.000	-0.000
185.00	0.01	0.00	0.01	0.00	1	2,687	71.9%	-0.000	0.0000	-0.002	0.000	-0.000
190.00	0.01	0.00	0.01	0.00	10	4,138	64.1%	-0.000	0.0001	-0.002	0.000	-0.000
192.50	0.06	0.00	0.14	0.00	15	363	79.7%	-0.004	0.0007	-0.032	0.002	-0.000
195.00	0.01	0.00	0.01	-0.02	23	2,595	56.3%	-0.000	0.0001	-0.002	0.000	-0.000
197.50	0.03	0.00	0.10	0.01	1	234	67.2%	-0.003	0.0007	-0.023	0.002	-0.000
200.00	0.04	0.00	0.01	0.02	79	7,407	52.3%	-0.001	0.0002	-0.004	0.000	-0.000
202.50	0.01	0.00	0.05	-0.01	2	667	53.1%	-0.002	0.0005	-0.011	0.001	-0.000
205.00	0.10	0.01	0.29	0.05	524	2,088	62.9%	-0.012	0.0024	-0.069	0.007	-0.000
207.50	0.02	0.00	0.03	-0.03	6	280	45.7%	-0.003	0.0008	-0.013	0.002	-0.000
210.00	0.03	0.01	0.04	-0.07	1,276	6,053	43.2%	-0.004	0.0013	-0.018	0.003	-0.000
212.50	0.05	0.00	0.20	-0.11	31	803	50.2%	-0.022	0.0049	-0.090	0.011	-0.000
215.00	0.08	0.05	0.08	-0.16	160	1,969	38.1%	-0.010	0.0034	-0.036	0.006	-0.000
217.50	0.11	0.06	0.15	-0.31	98	695	37.3%	-0.022	0.0066	-0.067	0.011	-0.000
220.00	0.19	0.13	0.20	-0.55	307	4,408	34.0%	-0.033	0.0102	-0.087	0.015	-0.001
222.50	0.33	0.22	0.44	-0.84	149	885	34.8%	-0.075	0.0192	-0.170	0.030	-0.001
225.00	0.61	0.57	0.65	-1.44	245	1,582	32.2%	-0.120	0.0295	-0.224	0.042	-0.002
227.50	1.05	0.98	1.22	-1.70	205	589	32.8%	-0.217	0.0425	-0.333	0.062	-0.004
230.00	1.80	1.53	1.98	-2.26	282	2,112	32.5%	-0.338	0.0534	-0.408	0.077	-0.007
232.50	2.66	2.74	3.10	-3.58	765	1,001	32.8%	-0.480	0.0576	-0.446	0.084	-0.009
235.00	4.16	3.75	4.60	-3.65	73	1,115	33.8%	-0.617	0.0535	-0.437	0.080	-0.012
237.50	5.75	5.25	6.70	-3.75	10	265	38.8%	-0.711	0.0418	-0.446	0.072	-0.014
240.00	7.70	7.05	9.25	-3.85	96	2,067	47.7%	-0.754	0.0313	-0.506	0.066	-0.015
242.50	10.32	8.85	10.75	0.00	1	16	41.2%	-0.860	0.0256	-0.298	0.047	-0.017
245.00	15.56	11.15	13.10	0.00	10	941	44.9%	-0.893	0.0195	-0.266	0.039	-0.018
247.50	19.25	13.05	16.30	0.00	1	80	62.8%	-0.853	0.0173	-0.482	0.048	-0.018
250.00	16.00	15.75	18.65	-5.83	39	812	66.6%	-0.876	0.0146	-0.454	0.043	-0.018
255.00	23.29	20.40	23.65	-3.57	20	610	78.3%	-0.895	0.0110	-0.475	0.038	-0.019
260.00	26.78	25.90	28.30	-4.69	3	119	81.9%	-0.927	0.0080	-0.371	0.029	-0.020
265.00	36.80	30.95	33.60	0.00	1	42	98.7%	-0.920	0.0071	-0.486	0.031	-0.020
270.00	38.15	35.95	38.55	5.59	1	75	107.4%	-0.930	0.0059	-0.477	0.028	-0.021
275.00	41.95	40.45	43.55	4.65	3	24	116.8%	-0.936	0.0051	-0.484	0.026	-0.021
280.00	44.49	45.95	48.70	0.00	71	17	129.6%	-0.935	0.0046	-0.547	0.027	-0.022
285.00	49.00	50.95	52.70	0.00	85	14	105.6%	-0.981	0.0021	-0.141	0.010	-0.023
290.00	53.60	55.95	57.70	0.00	67	25	112.8%	-0.982	0.0019	-0.141	0.009	-0.023
295.00	60.60	60.95	63.70	0.00	104	44	155.5%	-0.946	0.0033	-0.562	0.023	-0.023
300.00	65.58	65.95	67.70	0.00	4	9	126.7%	-0.984	0.0015	-0.140	0.008	-0.024
305.00	70.59	70.95	72.70	0.00	10	31	133.4%	-0.985	0.0013	-0.140	0.008	-0.025
310.00	75.58	75.95	78.60	0.00	4	6	176.1%	-0.957	0.0025	-0.532	0.019	-0.025
315.00	77.05	80.95	82.70	0.00	11	4	146.2%	-0.987	0.0011	-0.139	0.007	-0.026
320.00	81.80	85.95	87.70	0.00	1	4	152.3%	-0.987	0.0010	-0.138	0.007	-0.026
325.00	90.59	90.95	93.60	0.00	5	6	197.7%	-0.962	0.0020	-0.538	0.017	-0.026
330.00	93.34	95.95	98.70	0.00	2	2	207.7%	-0.961	0.0019	-0.581	0.018	-0.026
335.00	98.36	100.95	102.70	0.00	3	111	170.1%	-0.989	0.0008	-0.137	0.006	-0.027
340.00	120.82	105.95	107.70	0.00	6	0	175.8%	-0.989	0.0008	-0.136	0.006	-0.028
345.00	132.95	110.95	113.55	0.00	1	0	222.3%	-0.968	0.0015	-0.521	0.015	-0.028
350.00	125.25	115.45	118.70	0.00	1	0	233.7%	-0.966	0.0015	-0.586	0.016	-0.028
355.00	85.00	142.20	145.95	0.00	1	11	549.4%	-0.725	0.0029	-6.407	0.070	-0.025
360.00	124.93	125.95	127.70	0.00	1	1	197.3%	-0.991	0.0006	-0.133	0.005	-0.029
365.00	129.95	130.40	132.70	0.00	1	0	202.3%	-0.991	0.0006	-0.132	0.005	-0.030
370.00	152.60	135.40	137.70	0.00	1	0	207.4%	-0.991	0.0005	-0.132	0.005	-0.030
375.00	143.44	140.45	144.00	58.19	8	0	273.7%	-0.964	0.0014	-0.719	0.017	-0.030
380.00	147.08	145.40	149.10	-2.88	10	0	282.8%	-0.963	0.0014	-0.764	0.017	-0.031
385.00	152.07	150.40	154.05	-2.88	2	11	286.8%	-0.965	0.0013	-0.743	0.016	-0.031
390.00	157.07	155.40	159.10	-2.84	6	0	293.9%	-0.964	0.0013	-0.765	0.017	-0.031
400.00	168.66	165.40	169.05	-3.02	12	0	303.1%	-0.967	0.0012	-0.746	0.016	-0.032
410.00	177.28	175.40	179.00	-2.65	4	0	311.7%	-0.969	0.0011	-0.725	0.015	-0.033
420.00	187.24	185.40	188.55	-2.69	6	0	304.0%	-0.977	0.0008	-0.524	0.011	-0.034
465.00	232.14	230.40	234.05	-4.17	4	2	365.1%	-0.973	0.0008	-0.749	0.013	-0.038
470.00	240.97	235.95	237.70	0.00	8	0	292.4%	-0.994	0.0003	-0.117	0.004	-0.039
490.00	254.80	255.40	258.70	0.00	5	0	371.3%	-0.979	0.0006	-0.589	0.010	-0.040

How to Read the Chain

Use this market-close chain snapshot to compare liquidity, pricing, IV, and per-contract greeks across the active expiration.

How to scan it

Start with strike, bid/ask spread, open interest, and volume. Then use IV and greeks to decide whether a contract fits your directional, income, or volatility idea.

What matters first

Clean fills matter before a contract looks mathematically attractive. A thin market can erase the edge you think you found.

What can mislead you

Low premium, high IV, or one convenient delta do not make a trade by themselves. Check how far the strike sits from spot, expected move, and the event calendar.

Greeks are close-of-day estimates, and blank greek cells usually mean usable implied volatility was unavailable for that contract.