IBM option chain International Business Machines Corporation

Expiration Cboe delayed options data · as of 15:35 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 ±17.0% (194.84–274.50) · ATM IV 35.2% · P/C open interest 0.86

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
113.85	116.55		64		0.99	0.0003	0.000	120	0.1600	0.5100		605	53.3%	-0.01	0.0004	-0.007
109.05	111.65		2		0.99	0.0004	0.000	125	0.0700	0.5600		168	49.9%	-0.01	0.0004	-0.008
104.00	107.55		8	44.0%	0.99	0.0005	0.000	130	0.0800	0.6100		156	47.8%	-0.01	0.0005	-0.009
99.30	102.55		47	45.0%	0.99	0.0006	0.000	135	0.1800	0.7000		186	46.8%	-0.02	0.0006	-0.010
94.60	97.75		40	46.3%	0.98	0.0007	0.000	140	0.2600	0.5900		596	43.9%	-0.02	0.0008	-0.011
89.75	92.80		45	44.3%	0.98	0.0009	0.000	145	0.4900	0.9300		313	45.0%	-0.03	0.0009	-0.013
85.20	87.70		163	43.1%	0.97	0.0011	0.000	150	0.6200	0.9700		1,697	43.2%	-0.03	0.0012	-0.015
80.60	83.25		171	44.4%	0.97	0.0014	0.000	155	0.7800	1.33		623	42.9%	-0.04	0.0014	-0.018
75.90	78.10		98	41.7%	0.96	0.0016	-0.003	160	1.06	1.60	3	1,195	42.2%	-0.05	0.0017	-0.021
71.20	74.00		120	42.6%	0.95	0.0020	-0.008	165	1.19	1.70	1	293	40.2%	-0.06	0.0020	-0.024
66.55	69.40		247	41.4%	0.93	0.0024	-0.012	170	1.62	2.20	1	6,525	40.1%	-0.07	0.0024	-0.027
62.20	64.90		397	40.9%	0.92	0.0028	-0.017	175	2.10	2.82	10	880	39.9%	-0.08	0.0028	-0.031
57.40	60.50		201	39.4%	0.90	0.0032	-0.022	180	2.68	3.35	2	1,700	39.3%	-0.10	0.0032	-0.035
53.60	56.35		167	39.8%	0.88	0.0037	-0.028	185	3.20	3.90	8	593	38.3%	-0.12	0.0038	-0.040
49.10	52.15		274	38.6%	0.86	0.0042	-0.033	190	3.75	4.70	6	2,038	37.5%	-0.14	0.0043	-0.044
45.50	48.30		188	38.9%	0.83	0.0047	-0.039	195	4.60	5.45	1	531	36.8%	-0.17	0.0048	-0.049
41.75	44.40		873	38.5%	0.81	0.0052	-0.044	200	6.10	6.75	3	4,254	37.3%	-0.20	0.0054	-0.053
38.05	40.55		232	37.8%	0.78	0.0057	-0.049	205	6.85	7.85	1	285	36.1%	-0.23	0.0059	-0.058
34.40	36.85		351	37.1%	0.74	0.0062	-0.054	210	8.45	9.25	2	1,766	36.0%	-0.26	0.0064	-0.062
31.45	32.75	3	296	36.3%	0.71	0.0067	-0.059	215	9.95	10.95		916	35.7%	-0.30	0.0068	-0.065
28.20	29.45	1	1,021	35.8%	0.67	0.0070	-0.062	220	12.05	13.20	1	3,092	36.1%	-0.33	0.0072	-0.068
26.00	26.50	7	546	36.2%	0.64	0.0074	-0.066	225	14.65	15.05	3	1,051	36.3%	-0.37	0.0076	-0.070
22.75	23.75	5	1,163	35.5%	0.60	0.0076	-0.068	230	16.85	17.40	1	4,182	36.1%	-0.41	0.0078	-0.072
19.95	21.30	5	1,043	35.1%	0.56	0.0078	-0.070	235	18.55	19.85		413	35.2%	-0.45	0.0080	-0.073
17.95	19.00	2	720	35.2%	0.52	0.0079	-0.071	240	22.20	22.65	2	2,570	36.1%	-0.49	0.0081	-0.073
16.45	16.90		1,414	35.7%	0.48	0.0079	-0.071	245	24.75	25.60		286	35.7%	-0.53	0.0081	-0.072
14.35	15.50	22	1,740	35.9%	0.45	0.0078	-0.071	250	27.35	28.75		3,034	35.3%	-0.57	0.0081	-0.070
12.75	13.30		325	35.5%	0.41	0.0077	-0.070	255	30.10	32.15		672	34.8%	-0.61	0.0080	-0.068
11.30	11.75	4	7,452	35.5%	0.38	0.0075	-0.069	260	33.55	35.80		1,905	34.9%	-0.64	0.0077	-0.066
9.90	10.40		267	35.5%	0.34	0.0073	-0.067	265	37.05	40.00		258	35.4%	-0.68	0.0075	-0.062
8.70	9.20	1	2,260	35.6%	0.31	0.0070	-0.064	270	41.90	43.25		978	35.9%	-0.71	0.0072	-0.059
7.70	8.05	2	842	35.7%	0.28	0.0067	-0.062	275	45.75	47.70		143	36.5%	-0.74	0.0068	-0.055
6.70	7.10	2	1,577	35.7%	0.26	0.0063	-0.059	280	49.20	51.50		1,381	35.6%	-0.76	0.0065	-0.051
5.55	6.25		210	35.4%	0.23	0.0060	-0.056	285	53.15	55.90		146	35.6%	-0.79	0.0061	-0.046
5.10	5.55		1,374	35.9%	0.21	0.0056	-0.053	290	57.65	60.15		865	36.0%	-0.81	0.0057	-0.042
4.55	4.85	1	168	36.1%	0.19	0.0053	-0.050	295	61.75	64.55		92	35.8%	-0.83	0.0054	-0.038
4.10	4.40	10	4,422	36.6%	0.17	0.0049	-0.047	300	66.25	69.35		2,989	36.5%	-0.85	0.0051	-0.034
3.15	4.00		2,187	36.2%	0.15	0.0046	-0.044	305	70.80	73.55		606	36.1%	-0.87	0.0048	-0.031
3.05	3.80		1,987	37.3%	0.14	0.0042	-0.042	310	75.75	78.45		1,111	37.5%	-0.89	0.0046	-0.029
2.63	3.70		791	37.9%	0.13	0.0039	-0.039	315	80.05	82.80		117	36.4%	-0.90	0.0044	-0.026
2.42	2.77	1	2,465	37.3%	0.11	0.0036	-0.037	320	84.70	87.95		387	37.4%	-0.91	0.0042	-0.025
2.00	2.40	1	1,433	38.4%	0.09	0.0031	-0.032	330	94.30	97.45		152	37.8%	-0.94	0.0038	-0.021
1.55	2.06		1,766	39.0%	0.08	0.0026	-0.028	340	104.05	107.25		48	38.9%	-0.97	0.0042	-0.013
1.25	1.84	1	3,155	40.0%	0.06	0.0023	-0.025	350	113.90	116.80		235		-0.98	0.0034	-0.016

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 — Jan 15, 2027

Volatility page →

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

callsputs

IBM option chain International Business Machines Corporation

Volatility smile — Jan 15, 2027

Consumer Cyclical

ETF

Technology

Financial Services

Industrials

Energy