IBM option chain International Business Machines Corporation

Expiration Cboe delayed options data · as of 06:37 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 ±10.0% (217.28–265.32) · ATM IV 42.3% · P/C open interest 0.53

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
116.20	119.25		1	124.1%	1.00	0.0001	0.000	125	0	0.2000	2	159	91.4%	-0.00	0.0001	-0.006
111.20	114.30		3	117.8%	1.00	0.0001	0.000	130	0	2.02		63	121.5%	-0.00	0.0001	-0.006
106.20	109.35			111.8%	1.00	0.0001	0.000	135	0	0.2000		123	81.5%	-0.00	0.0002	-0.007
101.20	103.90		2	97.8%	1.00	0.0001	0.000	140	0	2.04		50	108.9%	-0.00	0.0002	-0.008
96.25	98.95		12	93.6%	1.00	0.0001	0.000	145	0	0.1800		117	71.4%	-0.00	0.0003	-0.009
91.30	93.90		61	87.7%	1.00	0.0002	0.000	150	0	0.5200		288	77.0%	-0.01	0.0003	-0.010
86.40	88.90		17	83.6%	1.00	0.0003	0.000	155	0	0.5500		80	72.8%	-0.01	0.0004	-0.012
81.35	84.40		31	83.8%	1.00	0.0003	0.000	160	0.0200	0.5800		266	69.1%	-0.01	0.0005	-0.014
76.35	79.05		11	74.0%	0.99	0.0004	-0.001	165	0	0.1800	12	474	54.7%	-0.01	0.0007	-0.017
70.85	74.05	2	287	60.4%	0.99	0.0006	-0.005	170	0.1000	0.2300	272	559	56.3%	-0.01	0.0008	-0.020
65.85	69.10		246	56.6%	0.99	0.0008	-0.009	175	0.1000	0.3500	31	402	53.3%	-0.02	0.0011	-0.024
61.50	64.60	1	22	65.4%	0.99	0.0011	-0.014	180	0.1900	0.4000	19	671	51.3%	-0.02	0.0014	-0.029
56.60	59.05		26	56.3%	0.98	0.0015	-0.021	185	0.3100	0.5000	17	748	49.7%	-0.03	0.0019	-0.036
51.35	54.05	4	133	48.9%	0.97	0.0021	-0.030	190	0.4900	0.6000	88	2,105	48.0%	-0.04	0.0025	-0.045
46.30	49.25	20	113	45.8%	0.96	0.0028	-0.042	195	0.7100	0.8100	140	646	46.8%	-0.05	0.0033	-0.057
41.85	45.00		254	49.8%	0.94	0.0038	-0.057	200	1.02	1.12	154	2,484	45.7%	-0.07	0.0043	-0.071
36.85	40.10	1	254	45.2%	0.92	0.0050	-0.075	205	1.45	1.57	60	1,023	44.9%	-0.10	0.0055	-0.087
35.25	37.80			47.4%	0.91	0.0057	-0.086	207.5	1.64	1.96	8	17	44.6%	-0.11	0.0061	-0.097
33.05	35.55		396	46.8%	0.89	0.0065	-0.096	210	1.89	2.24	196	1,350	43.9%	-0.13	0.0068	-0.106
30.25	33.45			44.4%	0.87	0.0072	-0.107	212.5	2.25	2.67	5	7	43.7%	-0.15	0.0075	-0.116
28.30	30.95	4	444	43.4%	0.85	0.0080	-0.119	215	2.72	3.10	72	912	43.6%	-0.17	0.0082	-0.126
26.75	28.65	81	5	44.0%	0.83	0.0088	-0.130	217.5	2.85	3.60	93		42.4%	-0.19	0.0090	-0.136
25.40	26.70	19	1,119	45.5%	0.80	0.0096	-0.141	220	3.80	4.30	168	2,023	43.6%	-0.22	0.0097	-0.145
22.60	25.55			44.9%	0.78	0.0103	-0.152	222.5	4.35	4.95	32	6	43.2%	-0.25	0.0103	-0.154
21.25	23.15	8	622	44.5%	0.75	0.0110	-0.162	225	5.10	5.60	214	894	43.0%	-0.27	0.0110	-0.163
19.30	21.45			43.9%	0.72	0.0117	-0.171	227.5	5.90	6.45	148	14	43.0%	-0.30	0.0115	-0.171
17.90	19.75	51	1,810	44.3%	0.69	0.0122	-0.179	230	6.75	7.25	74	2,370	42.7%	-0.33	0.0120	-0.177
16.50	17.90	23	52	44.0%	0.65	0.0127	-0.186	232.5	7.10	8.35	2	28	41.7%	-0.37	0.0125	-0.183
15.15	16.20	177	1,869	43.8%	0.62	0.0131	-0.191	235	8.30	9.30	57	1,866	41.8%	-0.40	0.0128	-0.188
13.35	14.85	10	17	43.0%	0.59	0.0134	-0.196	237.5	9.10	10.45	22	57	41.1%	-0.43	0.0131	-0.191
12.55	13.40	586	3,230	43.7%	0.55	0.0136	-0.198	240	10.85	12.10	8	724	42.8%	-0.46	0.0132	-0.193
11.05	12.10	12	14	43.0%	0.52	0.0137	-0.199	242.5	11.85	13.05	1		41.6%	-0.50	0.0133	-0.193
10.20	10.85	79	1,440	43.3%	0.49	0.0136	-0.199	245	13.55	14.55	31	219	42.3%	-0.53	0.0133	-0.193
8.95	10.40	10	15	44.0%	0.45	0.0135	-0.197	247.5	14.80	16.25		7	42.3%	-0.56	0.0132	-0.191
8.20	8.85	2,591	8,652	43.3%	0.42	0.0133	-0.194	250	16.15	17.80	141	582	41.9%	-0.59	0.0130	-0.188
7.10	7.95	5	5	42.9%	0.39	0.0130	-0.190	252.5	17.25	19.55		50	41.0%	-0.62	0.0127	-0.183
6.45	7.15	68	1,707	43.3%	0.36	0.0127	-0.185	255	19.00	20.95	36	774	40.5%	-0.65	0.0123	-0.178
5.20	5.65	983	1,929	43.5%	0.30	0.0117	-0.172	260	22.85	25.15	48	187	42.0%	-0.71	0.0114	-0.165
4.10	4.50	120	1,028	43.7%	0.25	0.0106	-0.157	265	26.75	28.60	1	132	41.1%	-0.76	0.0104	-0.150
3.15	3.55	148	1,223	43.8%	0.21	0.0095	-0.140	270	30.85	32.95		424	41.7%	-0.80	0.0093	-0.134
2.38	2.75	148	5,978	43.7%	0.17	0.0083	-0.124	275	35.25	38.20		157	44.8%	-0.84	0.0081	-0.117
1.88	2.20	186	1,843	44.3%	0.14	0.0072	-0.108	280	38.75	42.00	1	365	39.7%	-0.87	0.0070	-0.102
1.37	1.73	68	641	44.3%	0.11	0.0061	-0.094	285	43.35	46.95		77	41.2%	-0.89	0.0060	-0.087
1.17	1.31	125	667	45.0%	0.09	0.0052	-0.081	290	48.85	51.55		274	44.9%	-0.91	0.0051	-0.074
0.9200	1.08	31	461	45.7%	0.07	0.0044	-0.070	295	53.60	55.95		88	43.6%	-0.93	0.0043	-0.062
0.7400	0.8300	173	2,065	46.1%	0.06	0.0037	-0.060	300	58.40	60.70		36	43.6%	-0.94	0.0036	-0.052
0.2100	0.9800		309	46.3%	0.05	0.0031	-0.052	305	63.20	65.55		73	43.4%	-0.95	0.0030	-0.043
0.2200	1.26	11	571	50.8%	0.04	0.0026	-0.045	310	67.70	70.45		38	37.7%	-0.96	0.0026	-0.035
0.0500	1.05		152	50.5%	0.03	0.0022	-0.040	315	72.85	75.35		17	41.5%	-0.97	0.0022	-0.029
0.0900	0.4500	5	1,428	47.1%	0.03	0.0019	-0.035	320	77.90	80.25		4	43.1%	-0.97	0.0018	-0.024
0.1700	0.4400	5	938	50.2%	0.02	0.0016	-0.030	325	82.15	85.80		18	39.6%	-0.98	0.0016	-0.019
0.0500	0.7500	7	1,148	54.5%	0.02	0.0014	-0.027	330	87.10	90.70		21		-0.98	0.0013	-0.015
0.0500	0.8500	2	375	57.7%	0.02	0.0012	-0.024	335	92.05	95.70				-0.98	0.0012	-0.011
0.0500	0.4100	2	322	48.7%	0.02	0.0010	-0.022	340	97.00	100.05				-0.99	0.0010	-0.008
0	0.2200		29	51.0%	0.01	0.0009	-0.019	345	101.95	105.65				-0.99	0.0009	-0.006
0.0800	0.3400	1	369	57.3%	0.01	0.0008	-0.018	350	106.95	110.00				-0.99	0.0008	-0.003
0	0.5200		56	60.8%	0.01	0.0007	-0.016	355	111.90	115.50				-0.99	0.0007	-0.001
0	0.3000		184	58.3%	0.01	0.0006	-0.015	360	116.90	120.50				-0.99	0.0006	0.000

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 — Nov 20, 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 — Nov 20, 2026

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