IBM option chain International Business Machines Corporation

Expiration Cboe delayed options data · as of 12:38 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 ±17.4% (194.21–275.81) · ATM IV 37.5% · P/C open interest 1.21

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
114.95	118.65		1	53.4%	1.00	0.0001	0.000	120	0	0.8500		29	57.6%	-0.01	0.0003	-0.004
110.00	113.35				1.00	0.0002	0.000	125	0.0300	0.2500	5	31	46.8%	-0.01	0.0003	-0.005
105.05	108.45		1		0.99	0.0003	0.000	130	0	0.4900	2	3	47.5%	-0.01	0.0004	-0.007
100.85	103.60			52.8%	0.99	0.0005	0.000	135	0	0.7700		14	47.9%	-0.01	0.0005	-0.008
96.00	98.75			51.1%	0.99	0.0006	0.000	140	0.0100	1.22		40	48.7%	-0.02	0.0007	-0.010
91.20	94.35		1	51.9%	0.98	0.0008	0.000	145	0.0500	1.06		99	45.0%	-0.02	0.0008	-0.012
86.40	89.15		2	48.2%	0.98	0.0009	-0.002	150	0.1100	0.9900		56	42.2%	-0.03	0.0011	-0.015
81.60	84.35			46.5%	0.97	0.0012	-0.005	155	0.4000	1.27	3	75	42.8%	-0.03	0.0013	-0.017
76.90	79.65		1	45.3%	0.96	0.0014	-0.009	160	0.5400	1.52	4	90	41.7%	-0.04	0.0016	-0.021
72.55	74.95		2	45.2%	0.95	0.0018	-0.013	165	1.08	1.61	2	85	41.3%	-0.05	0.0019	-0.024
67.05	70.35		2	41.4%	0.94	0.0022	-0.018	170	1.31	2.14	1	94	40.8%	-0.07	0.0023	-0.028
63.15	66.25		9	43.5%	0.93	0.0026	-0.023	175	1.86	2.54	75	453	40.4%	-0.08	0.0028	-0.033
58.90	61.40		23	42.0%	0.91	0.0030	-0.028	180	2.33	3.10	1	98	39.8%	-0.10	0.0032	-0.037
53.75	56.30		19	38.1%	0.89	0.0035	-0.034	185	3.15	4.00	3	262	40.1%	-0.12	0.0037	-0.043
49.60	53.35		14	40.2%	0.87	0.0041	-0.040	190	3.75	5.15	4	332	40.0%	-0.14	0.0042	-0.048
45.90	49.30		40	40.3%	0.84	0.0046	-0.046	195	4.30	6.65	2	313	39.8%	-0.17	0.0048	-0.053
41.75	45.40	12	83	39.5%	0.82	0.0051	-0.052	200	5.40	6.75	2	565	38.0%	-0.20	0.0053	-0.058
38.75	41.35		31	39.6%	0.79	0.0057	-0.058	205	7.00	8.45	13	196	38.8%	-0.23	0.0058	-0.063
36.00	37.80		73	40.2%	0.75	0.0062	-0.063	210	8.20	10.25	21	268	38.6%	-0.26	0.0062	-0.067
31.90	34.50		92	39.1%	0.72	0.0066	-0.068	215	9.95	12.35		180	38.9%	-0.29	0.0067	-0.071
28.65	31.65	4	116	39.0%	0.68	0.0070	-0.072	220	11.85	12.95	1	294	37.5%	-0.33	0.0070	-0.075
26.30	28.45		505	39.1%	0.64	0.0073	-0.075	225	13.50	14.95		207	36.9%	-0.37	0.0074	-0.077
23.65	25.75	17	195	39.0%	0.61	0.0076	-0.078	230	16.05	17.50	5	206	37.3%	-0.41	0.0076	-0.079
20.50	23.20	36	214	38.3%	0.57	0.0077	-0.080	235	18.10	19.80	4	114	36.6%	-0.45	0.0077	-0.080
18.45	20.25	46	150	37.9%	0.53	0.0078	-0.081	240	21.10	23.40	1	112	37.7%	-0.48	0.0078	-0.081
16.25	18.65	1	58	38.2%	0.49	0.0079	-0.082	245	23.55	25.70		27	36.8%	-0.52	0.0079	-0.081
14.60	16.50	1	213	38.2%	0.45	0.0078	-0.081	250	27.35	28.70	4	56	37.4%	-0.56	0.0078	-0.080
12.00	15.00		39	37.6%	0.42	0.0077	-0.080	255	29.90	32.65		14	37.3%	-0.59	0.0077	-0.078
11.30	13.10		139	38.1%	0.38	0.0075	-0.078	260	33.30	36.00	1	17	37.2%	-0.63	0.0076	-0.076
10.10	11.55	3	66	38.2%	0.35	0.0073	-0.076	265	36.85	39.60		2	37.2%	-0.66	0.0074	-0.074
8.10	10.20	3	139	37.4%	0.32	0.0070	-0.074	270	40.60	42.80		8	36.7%	-0.69	0.0072	-0.071
7.55	8.90	18	87	37.8%	0.29	0.0067	-0.071	275	44.30	47.05			36.9%	-0.72	0.0070	-0.069
6.55	8.45	1	163	38.5%	0.26	0.0064	-0.068	280	48.45	50.80		6	36.8%	-0.75	0.0067	-0.065
5.25	7.60	5	98	38.1%	0.24	0.0060	-0.064	285	52.60	55.30		1	37.3%	-0.78	0.0064	-0.062
4.45	7.05		115	38.4%	0.22	0.0057	-0.061	290	56.80	59.10	1	2	36.6%	-0.80	0.0060	-0.058
4.35	5.50	3	57	38.2%	0.19	0.0053	-0.057	295	60.85	64.50			37.8%	-0.83	0.0057	-0.054
4.15	4.75	15	168	38.6%	0.18	0.0050	-0.054	300	65.30	69.15			38.3%	-0.85	0.0054	-0.050
3.35	4.40		185	38.6%	0.16	0.0046	-0.050	305	69.85	73.70			38.6%	-0.87	0.0050	-0.046
3.10	3.75	1	59	38.9%	0.14	0.0043	-0.047	310	74.75	77.85			38.5%	-0.88	0.0046	-0.042
2.40	3.35		52	38.5%	0.13	0.0040	-0.044	315	79.10	82.90			38.9%	-0.90	0.0042	-0.037
2.22	3.15	10	140	39.2%	0.12	0.0037	-0.041	320	83.90	86.45			36.2%	-0.91	0.0039	-0.033
2.04	2.64	11	28	39.2%	0.10	0.0034	-0.038	325	88.60	91.80		1	37.9%	-0.92	0.0035	-0.029
1.71	2.30		58	39.1%	0.09	0.0031	-0.035	330	93.70	96.50		3	38.7%	-0.94	0.0032	-0.025
1.52	2.25		40	39.9%	0.08	0.0029	-0.033	335	98.25	102.00		1	40.3%	-0.94	0.0029	-0.021
1.41	1.93	10	33	40.1%	0.08	0.0026	-0.031	340	103.10	106.90			40.8%	-0.95	0.0026	-0.017
1.07	1.62	2	102	40.6%	0.06	0.0022	-0.026	350	113.30	116.65			43.3%	-0.97	0.0020	-0.010

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 — Feb 19, 2027

Volatility page →

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 — Feb 19, 2027

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