Home Options IBMChain

IBM

International Business MachinesClose $225.00EOD only

Max Pain

$220.00

Next expiry May 22, 2026

Expected Move

±$5.32

2.4% from close

Price Gap

-5.00

Distance to max pain

IV Rank

Low premium

P/C OI

0.84

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 20, 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

May 20, 2026 close

IBM Options Chain

Data as of market close May 20, 2026

Expiration

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

Control Row

Next expiry (DTE 2)

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
130.00	95.10	92.90	96.05	0.00	0	1	359.4%	0.986	0.0006	-0.550	0.006	0.007
185.00	58.45	32.85	36.65	0.00	0	0	0.0%	1.000	0.0000	-0.022	0.000	0.010
200.00	30.33	23.00	26.10	0.00	15	1	106.4%	0.938	0.0069	-0.564	0.020	0.010
202.50	22.50	20.45	23.50	0.00	1	1	95.5%	0.937	0.0078	-0.514	0.021	0.010
205.00	15.62	18.65	21.00	0.00	1	17	87.3%	0.930	0.0092	-0.510	0.022	0.010
207.50	18.86	15.55	18.20	0.00	2	1	71.2%	0.941	0.0099	-0.370	0.019	0.011
210.00	13.87	13.15	15.20	-0.08	16	59	46.7%	0.978	0.0067	-0.125	0.009	0.011
212.50	11.00	10.70	13.00	-0.92	8	152	50.3%	0.941	0.0141	-0.271	0.020	0.011
215.00	10.20	9.85	10.30	-0.85	76	584	37.1%	0.953	0.0158	-0.174	0.016	0.011
217.50	8.00	6.85	9.05	1.31	92	362	53.7%	0.810	0.0303	-0.628	0.045	0.010
220.00	5.55	5.50	6.00	0.88	119	1,739	35.1%	0.813	0.0461	-0.414	0.045	0.010
222.50	3.93	3.65	4.55	0.67	651	338	38.8%	0.660	0.0567	-0.610	0.061	0.008
225.00	2.57	2.45	2.75	0.37	542	1,223	33.8%	0.509	0.0709	-0.574	0.066	0.006
227.50	1.57	1.42	1.70	0.20	313	634	33.9%	0.338	0.0648	-0.525	0.061	0.004
230.00	0.85	0.79	0.99	0.15	543	1,562	34.2%	0.198	0.0490	-0.401	0.046	0.002
232.50	0.47	0.35	0.50	-0.02	231	431	33.6%	0.097	0.0308	-0.243	0.029	0.001
235.00	0.25	0.20	0.32	-0.08	214	484	36.0%	0.054	0.0182	-0.166	0.018	0.001
237.50	0.15	0.09	0.15	-0.04	33	846	35.8%	0.022	0.0088	-0.079	0.009	0.000
240.00	0.08	0.05	0.10	-0.04	129	1,297	38.4%	0.012	0.0050	-0.051	0.005	0.000
242.50	0.05	0.00	0.50	-0.24	2	120	51.5%	0.026	0.0071	-0.131	0.010	0.000
245.00	0.03	0.00	0.07	-0.05	374	797	45.5%	0.006	0.0023	-0.033	0.003	0.000
247.50	0.04	0.00	0.24	-0.12	3	202	54.5%	0.010	0.0029	-0.059	0.004	0.000
250.00	0.01	0.01	0.03	-0.04	5	1,050	48.8%	0.002	0.0008	-0.012	0.001	0.000
252.50	0.01	0.00	0.46	0.00	1	173	71.4%	0.016	0.0033	-0.118	0.007	0.000
255.00	0.02	0.00	0.10	0.00	472	646	60.5%	0.003	0.0009	-0.022	0.001	0.000
260.00	0.01	0.00	0.02	-0.01	2	252	57.0%	0.000	0.0001	-0.003	0.000	0.000
265.00	0.01	0.00	0.04	-0.03	1	203	68.8%	0.001	0.0002	-0.007	0.000	0.000
270.00	0.01	0.00	0.01	0.00	6	161	65.6%	0.000	0.0000	-0.001	0.000	0.000
275.00	0.03	0.00	0.03	0.00	12	272	79.7%	0.000	0.0001	-0.005	0.000	0.000
280.00	0.01	0.00	2.13	0.00	8	201	160.6%	0.038	0.0031	-0.551	0.014	0.000
285.00	0.17	0.00	2.13	0.00	2	29	170.3%	0.035	0.0027	-0.551	0.013	0.000
290.00	0.01	0.00	0.20	0.00	4	24	121.1%	0.003	0.0004	-0.042	0.001	0.000
295.00	0.18	0.00	2.13	0.00	0	1	188.8%	0.031	0.0022	-0.550	0.012	0.000
300.00	0.01	0.00	0.01	0.00	66	172	100.0%	0.000	0.0000	-0.001	0.000	0.000
310.00	0.12	0.00	2.13	0.00	4	17	214.6%	0.026	0.0017	-0.548	0.010	0.000
320.00	0.12	0.00	2.13	0.00	4	11	230.8%	0.024	0.0015	-0.546	0.009	0.000

Puts

Strike	Last	Bid	Ask	Chg	Vol	OI	IV	Delta	Gamma	Theta	Vega	Rho
130.00	0.25	0.00	0.25	0.00	1	4	257.4%	-0.001	0.0001	-0.051	0.001	-0.000
140.00	0.01	0.00	0.45	-0.09	16	2	244.3%	-0.003	0.0002	-0.102	0.002	-0.000
160.00	0.02	0.00	2.13	-0.68	10	50	241.6%	-0.023	0.0014	-0.546	0.009	-0.000
165.00	0.02	0.00	2.12	-0.08	10	252	223.3%	-0.025	0.0016	-0.543	0.010	-0.000
170.00	0.02	0.00	0.45	-0.10	12	252	153.9%	-0.006	0.0007	-0.107	0.003	-0.000
175.00	0.02	0.00	2.13	0.01	46	119	188.7%	-0.031	0.0022	-0.544	0.012	-0.000
180.00	0.02	0.00	0.62	0.01	2	129	133.4%	-0.010	0.0012	-0.153	0.005	-0.000
185.00	0.05	0.00	0.86	0.04	1	262	127.1%	-0.017	0.0019	-0.218	0.007	-0.000
190.00	0.01	0.00	0.01	-0.01	5	127	62.5%	-0.000	0.0000	-0.001	0.000	-0.000
192.50	0.05	0.00	0.53	0.00	1	4	96.1%	-0.013	0.0021	-0.132	0.006	-0.000
195.00	0.06	0.00	0.06	0.05	1	225	64.8%	-0.001	0.0004	-0.012	0.001	-0.000
197.50	0.05	0.00	0.32	0.00	4	22	75.7%	-0.009	0.0020	-0.078	0.004	-0.000
200.00	0.01	0.01	0.10	-0.03	22	564	59.0%	-0.003	0.0010	-0.024	0.002	-0.000
202.50	0.02	0.00	0.02	-0.04	112	555	46.9%	-0.001	0.0005	-0.007	0.001	-0.000
205.00	0.03	0.03	0.29	-0.07	55	539	57.1%	-0.013	0.0035	-0.079	0.006	-0.000
207.50	0.04	0.02	0.05	-0.10	28	124	42.2%	-0.004	0.0019	-0.023	0.002	-0.000
210.00	0.08	0.05	0.25	-0.13	110	1,017	49.0%	-0.027	0.0076	-0.127	0.010	-0.000
212.50	0.17	0.01	0.39	-0.22	100	491	47.1%	-0.048	0.0127	-0.194	0.017	-0.001
215.00	0.24	0.24	0.34	-0.42	239	842	38.3%	-0.052	0.0167	-0.168	0.018	-0.001
217.50	0.54	0.42	0.62	-0.76	389	258	37.3%	-0.106	0.0294	-0.281	0.030	-0.001
220.00	0.89	0.79	0.96	-0.98	581	751	34.4%	-0.183	0.0462	-0.376	0.044	-0.002
222.50	1.87	1.50	1.88	-1.03	50	892	36.6%	-0.332	0.0595	-0.545	0.060	-0.004
225.00	2.70	2.48	2.96	-1.00	17	745	36.4%	-0.491	0.0658	-0.591	0.066	-0.006
227.50	6.02	3.55	4.45	-0.10	3	49	37.1%	-0.648	0.0600	-0.556	0.062	-0.008
230.00	7.38	5.55	7.10	0.03	15	254	50.2%	-0.715	0.0407	-0.690	0.057	-0.009
232.50	12.88	7.30	9.30	2.03	1	31	55.8%	-0.779	0.0320	-0.668	0.049	-0.010
235.00	12.05	9.55	11.85	-0.87	14	113	65.6%	-0.807	0.0251	-0.726	0.046	-0.011
237.50	14.46	11.60	14.75	-5.68	5	9	51.9%	-0.917	0.0177	-0.305	0.026	-0.012
240.00	16.10	14.10	17.15	-0.53	2	66	57.4%	-0.932	0.0137	-0.287	0.022	-0.012
242.50	17.66	16.85	19.70	0.00	1	1	67.8%	-0.928	0.0121	-0.360	0.023	-0.012
245.00	22.33	19.20	22.00	0.00	1	15	69.4%	-0.948	0.0092	-0.280	0.018	-0.013
247.50	22.54	21.90	24.60	0.00	9	0	79.8%	-0.943	0.0086	-0.353	0.019	-0.013
250.00	30.40	24.50	27.15	0.00	2	1	88.0%	-0.943	0.0078	-0.391	0.019	-0.013
255.00	40.94	29.40	31.50	0.00	1	0	86.9%	-0.972	0.0045	-0.204	0.011	-0.014
257.50	34.61	32.10	34.55	0.00	0	0	105.6%	-0.954	0.0055	-0.395	0.016	-0.014
260.00	36.77	34.65	37.05	0.00	7	0	111.9%	-0.956	0.0050	-0.408	0.016	-0.014
262.50	40.40	36.50	39.55	0.00	3	0	105.5%	-0.973	0.0035	-0.241	0.010	-0.014
265.00	41.72	38.95	42.05	0.00	2	0	109.4%	-0.976	0.0031	-0.227	0.009	-0.014
270.00	22.75	44.25	47.15	0.00	0	0	127.6%	-0.970	0.0032	-0.331	0.011	-0.014
275.00	46.51	49.25	52.05	0.00	1	0	135.3%	-0.974	0.0026	-0.303	0.010	-0.015
280.00	27.95	54.25	57.05	0.00	2	0	144.6%	-0.977	0.0023	-0.301	0.009	-0.015
285.00	62.65	59.35	61.95	0.00	5	0	153.7%	-0.978	0.0020	-0.300	0.009	-0.015
290.00	36.05	63.85	67.05	0.00	0	0	152.0%	-0.986	0.0014	-0.192	0.006	-0.016
300.00	73.30	73.75	77.05	0.00	50	0	164.7%	-0.989	0.0010	-0.161	0.005	-0.016
310.00	54.30	84.25	87.05	0.00	0	0	195.3%	-0.984	0.0012	-0.291	0.007	-0.017
320.00	63.65	94.25	97.05	0.00	0	0	210.5%	-0.985	0.0011	-0.287	0.006	-0.017
325.00	72.95	99.25	102.05	0.00	0	0	218.0%	-0.986	0.0010	-0.286	0.006	-0.018
340.00	87.80	114.50	117.05	0.00	0	0	246.3%	-0.985	0.0009	-0.347	0.006	-0.018
350.00	97.70	123.80	127.05	0.00	0	0	235.9%	-0.993	0.0005	-0.158	0.003	-0.019

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.