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IBM

International Business MachinesClose $222.64EOD only

Max Pain

$225.00

Next expiry Oct 9, 2026

Expected Move

±$7.25

3.3% from close

Price Gap

+2.36

Distance to max pain

IV Rank

Low premium

P/C OI

0.77

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Oct 2, 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

Oct 2, 2026 close

IBM Options Chain

Data as of market close Oct 2, 2026

Expiration

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

Control Row

Next expiry (DTE 7)

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
120.00	112.15	100.65	104.30	0.00	0	1	268.7%	0.968	0.0009	-0.440	0.022	0.021
125.00	111.75	95.65	99.55	0.00	1	1	261.6%	0.962	0.0010	-0.488	0.025	0.022
145.00	89.53	75.80	79.50	0.00	0	1	96.9%	0.999	0.0001	-0.021	0.001	0.028
170.00	52.38	50.85	54.05	0.00	2	2	131.1%	0.943	0.0028	-0.348	0.035	0.030
190.00	32.60	30.85	34.10	-0.52	1	2	88.2%	0.914	0.0058	-0.325	0.048	0.033
195.00	34.73	25.90	29.10	0.00	2	3	77.4%	0.903	0.0072	-0.313	0.053	0.033
200.00	22.75	20.90	24.10	0.00	1	9	66.6%	0.888	0.0093	-0.299	0.059	0.033
205.00	17.00	16.05	19.20	-9.42	4	6	56.9%	0.864	0.0125	-0.295	0.067	0.033
210.00	12.50	11.95	14.35	-4.81	3	34	47.3%	0.826	0.0176	-0.288	0.079	0.033
212.50	10.70	8.95	12.20	-5.75	19	3	44.9%	0.786	0.0210	-0.307	0.090	0.031
215.00	8.41	8.25	9.70	-9.69	99	25	38.5%	0.757	0.0264	-0.284	0.096	0.030
217.50	6.35	5.40	7.05	-8.30	27	18	30.5%	0.724	0.0356	-0.243	0.103	0.030
220.00	4.75	4.00	5.45	-4.75	67	299	30.5%	0.627	0.0402	-0.271	0.117	0.026
222.50	3.75	3.45	3.85	-4.65	269	340	28.7%	0.522	0.0449	-0.265	0.123	0.022
225.00	2.55	2.47	2.67	-2.22	430	355	28.2%	0.409	0.0446	-0.252	0.120	0.017
227.50	1.70	1.65	2.02	-2.09	766	376	30.0%	0.316	0.0384	-0.243	0.110	0.013
230.00	1.22	1.11	1.25	-1.42	1,135	851	28.9%	0.220	0.0332	-0.194	0.091	0.009
232.50	0.74	0.48	0.80	-1.27	621	187	29.0%	0.150	0.0260	-0.152	0.072	0.006
235.00	0.50	0.41	0.53	-0.85	420	463	29.7%	0.101	0.0194	-0.119	0.055	0.004
237.50	0.33	0.25	0.36	-0.67	966	465	30.6%	0.069	0.0141	-0.091	0.041	0.003
240.00	0.24	0.20	0.25	-0.48	490	602	31.6%	0.047	0.0101	-0.070	0.030	0.002
242.50	0.13	0.06	0.25	-0.37	130	383	35.0%	0.043	0.0084	-0.071	0.028	0.002
245.00	0.12	0.01	0.15	-0.27	273	571	34.9%	0.026	0.0056	-0.047	0.019	0.001
247.50	0.43	0.00	0.41	0.00	67	146	45.9%	0.053	0.0076	-0.110	0.033	0.002
250.00	0.12	0.06	0.12	-0.10	163	695	39.4%	0.019	0.0037	-0.040	0.014	0.001
252.50	0.06	0.00	0.06	-0.11	17	61	38.1%	0.010	0.0022	-0.022	0.008	0.000
255.00	0.05	0.02	0.08	-0.04	16	186	42.3%	0.011	0.0023	-0.028	0.009	0.000
257.50	0.09	0.00	0.77	0.00	132	104	58.1%	0.039	0.0048	-0.110	0.026	0.002
260.00	0.03	0.00	0.23	-0.08	218	418	55.7%	0.025	0.0034	-0.072	0.018	0.001
265.00	0.05	0.00	0.25	-0.05	3	53	55.7%	0.014	0.0020	-0.043	0.011	0.001
270.00	0.03	0.00	0.15	-0.03	2	89	56.6%	0.008	0.0013	-0.028	0.007	0.000
275.00	0.02	0.00	0.09	-0.01	43	412	57.4%	0.005	0.0008	-0.017	0.004	0.000
280.00	0.06	0.00	0.10	0.00	1	225	62.5%	0.005	0.0007	-0.019	0.004	0.000
285.00	0.01	0.00	0.10	0.00	1	31	66.8%	0.004	0.0006	-0.019	0.004	0.000
290.00	0.01	0.00	0.10	0.00	3	8	70.7%	0.004	0.0006	-0.019	0.004	0.000
295.00	0.11	0.00	0.01	0.00	2	173	59.4%	0.000	0.0001	-0.002	0.000	0.000
300.00	0.05	0.00	0.13	0.00	1	64	81.1%	0.005	0.0006	-0.025	0.004	0.000
305.00	0.15	0.00	2.13	0.00	0	4	129.9%	0.049	0.0025	-0.292	0.031	0.002
310.00	0.09	0.00	0.89	0.00	1	6	115.2%	0.023	0.0016	-0.141	0.017	0.001

Puts

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
135.00	0.03	0.00	2.13	0.00	0	1	204.4%	-0.028	0.0010	-0.288	0.020	-0.001
160.00	0.06	0.00	0.02	0.03	2	17	76.6%	-0.001	0.0001	-0.004	0.001	-0.000
165.00	0.03	0.00	0.18	0.00	0	50	87.9%	-0.006	0.0006	-0.031	0.005	-0.000
170.00	0.05	0.00	0.26	0.00	1	1	84.2%	-0.009	0.0009	-0.043	0.007	-0.000
180.00	0.04	0.00	0.14	-0.02	2	12	62.7%	-0.006	0.0009	-0.024	0.005	-0.000
185.00	0.09	0.00	0.17	-0.03	2	2	57.0%	-0.008	0.0013	-0.028	0.007	-0.000
190.00	0.09	0.00	0.20	-0.05	3	66	51.0%	-0.011	0.0018	-0.032	0.009	-0.000
195.00	0.08	0.00	0.15	0.06	4	277	46.6%	-0.018	0.0031	-0.045	0.014	-0.001
200.00	0.04	0.01	0.05	0.02	150	361	32.8%	-0.008	0.0022	-0.016	0.007	-0.000
205.00	0.11	0.08	0.17	-0.13	957	338	32.1%	-0.029	0.0067	-0.046	0.020	-0.001
207.50	0.22	0.16	0.24	-0.01	1,180	87	30.3%	-0.043	0.0097	-0.059	0.028	-0.002
210.00	0.37	0.30	0.37	0.05	1,071	1,230	29.0%	-0.067	0.0146	-0.081	0.040	-0.003
212.50	0.62	0.52	0.69	0.05	523	131	29.4%	-0.118	0.0218	-0.125	0.061	-0.005
215.00	1.00	0.89	1.12	0.21	1,003	251	29.2%	-0.183	0.0294	-0.165	0.082	-0.008
217.50	1.60	1.46	1.77	0.29	622	202	29.2%	-0.268	0.0366	-0.205	0.102	-0.012
220.00	2.37	2.25	2.45	0.38	584	346	27.7%	-0.362	0.0439	-0.219	0.116	-0.016
222.50	3.70	3.30	3.90	0.94	185	231	30.2%	-0.478	0.0428	-0.252	0.123	-0.021
225.00	5.00	4.70	5.35	1.22	189	565	30.7%	-0.582	0.0412	-0.248	0.120	-0.026
227.50	6.65	6.30	7.10	1.92	28	93	31.9%	-0.673	0.0367	-0.235	0.111	-0.030
230.00	8.85	8.05	9.35	2.35	42	473	35.9%	-0.730	0.0299	-0.241	0.102	-0.033
232.50	11.07	10.00	11.80	3.99	10	25	41.1%	-0.764	0.0243	-0.258	0.095	-0.035
235.00	13.37	12.35	14.10	3.17	25	196	44.4%	-0.798	0.0206	-0.253	0.087	-0.037
237.50	13.05	14.45	16.50	0.00	2	24	48.3%	-0.821	0.0175	-0.255	0.081	-0.038
240.00	15.82	16.80	19.60	0.39	4	58	59.6%	-0.805	0.0150	-0.339	0.085	-0.038
245.00	20.30	21.75	24.50	-4.20	4	37	67.9%	-0.832	0.0120	-0.351	0.077	-0.040
247.50	26.69	24.20	26.95	0.00	1	1	52.3%	-0.921	0.0091	-0.142	0.045	-0.044
250.00	22.42	26.85	29.50	0.00	7	6	57.8%	-0.919	0.0084	-0.163	0.046	-0.045
255.00	21.15	31.80	34.45	0.00	0	0	63.9%	-0.931	0.0068	-0.160	0.041	-0.046
260.00	32.70	36.60	39.50	0.00	0	0	69.0%	-0.941	0.0055	-0.149	0.036	-0.047
265.00	32.00	41.70	44.30	0.00	2	0	74.2%	-0.949	0.0046	-0.141	0.032	-0.049
270.00	34.00	45.90	49.45	0.00	0	0	70.2%	-0.973	0.0029	-0.065	0.019	-0.051
275.00	40.25	51.80	54.50	0.00	0	0	89.9%	-0.948	0.0038	-0.179	0.033	-0.051
300.00	65.75	76.75	79.55	0.00	0	0	117.5%	-0.960	0.0024	-0.190	0.027	-0.056

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.