IBM option chain International Business Machines Corporation

Expiration Cboe delayed options data · as of 00:39 UTC

Each row is one strike. The left half is the call, the right half the put. Bid/ask are what buyers and sellers currently quote; volume is contracts traded this session; open interest is standing contracts. The highlighted row sits closest to the stock price.

This expiration prices a move of about ±6.9% (220.20–252.80) · ATM IV 82.0% · P/C open interest 0.60

CALLS								Strike	PUTS
Bid	Ask	Vol	OIThe number of option contracts currently outstanding at a strike or expiration. High open interest shows where positions are concentrated.	IV	ΔModel sensitivity of an option's price to a $1 move in the stock; also used as a rough moneyness scale (a 25-delta option is well out of the money).	Γ	Θ		Bid	Ask	Vol	OI	IV	Δ	Γ	Θ
114.70	117.95	2			1.00	0.0000	0.000	120	0	0.0500	138	73	227.5%	-0.00	0.0000	-0.002
109.65	112.95	2			1.00	0.0000	0.000	125	0	0.1000	58		229.7%	-0.00	0.0000	-0.003
105.30	107.95			249.0%	1.00	0.0000	0.000	130	0	0.3000		74	245.6%	-0.00	0.0000	-0.004
100.30	102.95			234.0%	1.00	0.0000	0.000	135	0	2.13			314.7%	-0.00	0.0000	-0.004
95.05	97.95			184.6%	1.00	0.0000	0.000	140	0	2.13	4		297.0%	-0.00	0.0000	-0.005
90.30	92.95			205.6%	1.00	0.0001	0.000	145	0	0.5000			219.3%	-0.00	0.0001	-0.007
85.35	87.95		3	196.0%	1.00	0.0001	0.000	150	0	2.13		3	263.4%	-0.00	0.0001	-0.009
79.70	82.95				1.00	0.0001	-0.002	155	0	2.13			247.3%	-0.00	0.0001	-0.012
75.35	77.95			170.0%	1.00	0.0002	-0.006	160	0	2.05		11	230.0%	-0.00	0.0002	-0.015
70.35	73.40			179.4%	1.00	0.0003	-0.011	165	0	0.8600	1	7	182.6%	-0.00	0.0003	-0.019
65.35	68.00		2	148.5%	1.00	0.0004	-0.017	170	0	0.2700	99	149	142.6%	-0.00	0.0004	-0.025
60.35	63.00			136.6%	1.00	0.0005	-0.025	175	0	0.0700	11	29	111.0%	-0.00	0.0005	-0.032
55.40	58.05		8	129.7%	0.99	0.0007	-0.036	180	0	0.0600	50	47	99.9%	-0.01	0.0007	-0.042
50.40	53.50		2	132.8%	0.99	0.0010	-0.051	185	0.0200	0.1100	34	116	97.2%	-0.01	0.0010	-0.057
47.95	50.60			116.1%	0.99	0.0012	-0.061	187.5	0.0300	0.1300	69	42	96.9%	-0.01	0.0012	-0.068
45.45	48.10	4	3	110.3%	0.99	0.0015	-0.075	190	0.0200	0.1600	83	722	93.4%	-0.01	0.0015	-0.080
43.00	45.65			107.7%	0.98	0.0018	-0.091	192.5	0.0100	0.2100	12	17	90.9%	-0.02	0.0018	-0.097
40.55	43.20		3	104.6%	0.98	0.0022	-0.112	195	0.1500	0.3200	50	193	97.0%	-0.02	0.0022	-0.117
38.10	40.75		1	101.2%	0.97	0.0028	-0.138	197.5	0.1300	0.3600	31	118	92.2%	-0.03	0.0028	-0.143
35.75	38.30	173	19	99.5%	0.97	0.0034	-0.171	200	0.2300	0.5600	144	1,660	89.3%	-0.03	0.0034	-0.175
33.25	36.30	13	13	102.1%	0.96	0.0042	-0.211	202.5	0.3300	0.5600	68	149	90.9%	-0.04	0.0042	-0.215
31.55	33.50		30	102.6%	0.94	0.0051	-0.261	205	0.4200	0.5300	324	985	86.0%	-0.06	0.0051	-0.265
29.05	31.15	2	4	97.8%	0.93	0.0062	-0.320	207.5	0.5600	0.7100	42	182	85.5%	-0.07	0.0062	-0.324
26.90	28.55	28	55	98.2%	0.91	0.0074	-0.388	210	0.8100	0.9400	405	952	85.9%	-0.09	0.0074	-0.392
23.65	27.05		49	89.6%	0.89	0.0088	-0.466	212.5	0.9200	1.26	150	133	84.4%	-0.11	0.0088	-0.469
22.35	24.85	4	116	95.9%	0.87	0.0102	-0.551	215	1.43	1.50	395	1,086	85.1%	-0.13	0.0102	-0.554
20.25	22.65	2	67	93.6%	0.84	0.0117	-0.641	217.5	1.70	2.01	91	177	84.5%	-0.16	0.0117	-0.644
18.45	19.35	34	168	84.8%	0.80	0.0131	-0.732	220	2.31	2.37	239	892	84.7%	-0.20	0.0132	-0.736
15.85	18.00	20	37	83.8%	0.77	0.0145	-0.822	222.5	2.62	3.25	28	245	84.2%	-0.23	0.0145	-0.826
14.55	16.00	61	181	85.6%	0.73	0.0158	-0.906	225	3.50	3.75	437	636	84.1%	-0.27	0.0158	-0.909
12.90	13.90	7	91	83.4%	0.68	0.0168	-0.979	227.5	3.75	4.60	22	128	81.1%	-0.32	0.0169	-0.983
11.75	12.15	276	626	84.8%	0.64	0.0177	-1.040	230	5.25	5.50	790	289	84.3%	-0.36	0.0178	-1.044
10.05	11.00	272	571	85.1%	0.59	0.0184	-1.084	232.5	5.95	6.55	126	229	82.8%	-0.41	0.0184	-1.088
8.80	9.60	665	1,445	85.3%	0.55	0.0187	-1.111	235	7.05	7.75	270	189	82.4%	-0.45	0.0188	-1.115
7.15	8.05	192	246	81.4%	0.50	0.0189	-1.119	237.5	8.30	9.10	123	10	82.6%	-0.50	0.0189	-1.123
6.60	6.95	517	1,940	83.9%	0.45	0.0187	-1.110	240	9.30	10.85	49	176	82.3%	-0.55	0.0188	-1.113
5.75	5.95	173	556	85.1%	0.41	0.0184	-1.083	242.5	10.80	12.40	11	9	82.4%	-0.59	0.0184	-1.086
4.70	5.00	342	668	83.5%	0.36	0.0178	-1.040	245	12.65	14.20	32	88	84.5%	-0.64	0.0178	-1.044
3.65	4.75	110	399	84.9%	0.32	0.0170	-0.985	247.5	13.90	16.00	8	42	82.2%	-0.68	0.0170	-0.988
3.45	3.60	682	1,559	84.9%	0.28	0.0160	-0.920	250	15.60	17.50	6	197	79.2%	-0.72	0.0161	-0.922
2.53	3.60	69	91	86.5%	0.25	0.0149	-0.847	252.5	17.70	19.50		10	80.6%	-0.76	0.0150	-0.849
2.32	2.55	134	479	85.0%	0.21	0.0138	-0.772	255	19.40	22.30	10	7	83.8%	-0.79	0.0138	-0.772
1.81	2.11	148	331	84.4%	0.18	0.0125	-0.695	257.5	21.45	24.45			84.1%	-0.82	0.0126	-0.695
1.57	1.69	395	540	84.7%	0.16	0.0113	-0.620	260	23.25	27.05	1	5	85.1%	-0.84	0.0114	-0.619
1.27	1.38	126	90	84.8%	0.13	0.0101	-0.549	262.5	25.75	29.05			86.2%	-0.87	0.0102	-0.548
1.06	1.13	213	346	85.4%	0.11	0.0090	-0.483	265	27.75	31.55	2	2	86.4%	-0.89	0.0090	-0.481
0.8600	0.9400	47	29	85.8%	0.10	0.0079	-0.423	267.5	30.05	33.15	1		77.2%	-0.91	0.0080	-0.421
0.7100	0.7800	180	635	86.6%	0.08	0.0070	-0.369	270	32.85	35.50			84.0%	-0.92	0.0070	-0.367
0.6000	0.6400	35	18	87.6%	0.07	0.0061	-0.322	272.5	35.20	37.75			81.5%	-0.93	0.0061	-0.319
0.4900	0.5400	489	890	88.4%	0.06	0.0053	-0.280	275	37.60	40.25			83.5%	-0.94	0.0054	-0.277
0.1500	0.5300		18	85.7%	0.05	0.0046	-0.244	277.5	40.00	42.65			82.5%	-0.95	0.0047	-0.241
0.3600	0.3900	145	1,685	90.9%	0.04	0.0040	-0.213	280	42.45	45.70			97.7%	-0.96	0.0041	-0.209
0.1000	0.7000	2	43	96.0%	0.04	0.0035	-0.187	282.5	44.90	47.55			82.9%	-0.97	0.0036	-0.182
0.1700	0.2900	74	283	90.7%	0.03	0.0031	-0.163	285	46.90	50.00				-0.97	0.0031	-0.158
0.1800	0.2400	152	123	96.2%	0.02	0.0024	-0.127	290	52.30	54.90				-0.98	0.0024	-0.120
0.0500	0.2300	6	200	97.0%	0.02	0.0018	-0.099	295	57.25	59.85				-0.98	0.0019	-0.093
0.0500	0.1500	141	536	98.7%	0.01	0.0014	-0.079	300	62.20	64.85				-0.99	0.0015	-0.071
0.0700	0.1500	51	204	105.9%	0.01	0.0011	-0.063	305	66.75	69.80				-0.99	0.0011	-0.058
0.0100	0.1000	137	1,442	105.6%	0.01	0.0009	-0.051	310	72.15	74.80				-0.99	0.0009	-0.046

Strikes shown: within ±50% of the underlying price. Intrinsic value = max(0, price − strike) for calls, max(0, strike − price) for puts; extrinsic = option price − intrinsic. Greeks and IV as computed by the exchange feed.

Volatility smile — Oct 23, 2026

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Implied volatility per strike for this expiration. Out-of-the-money puts usually price higher IV than calls — the skew.

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IBM option chain International Business Machines Corporation

Volatility smile — Oct 23, 2026

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