IBM option chain International Business Machines Corporation

Expiration Cboe delayed options data · as of 09:35 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 ±21.9% (181.21–282.66) · ATM IV 37.8% · P/C open interest 1.02

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
111.60	114.35		8	44.6%	0.99	0.0004	0.000	120	0	1.11	17	113	46.9%	-0.02	0.0005	-0.008
106.20	110.05		3	44.0%	0.98	0.0006	0.000	125	0	1.93	17	34	48.8%	-0.02	0.0007	-0.009
101.75	104.95		6	43.9%	0.98	0.0007	0.000	130	0.5200	1.18		11	45.1%	-0.03	0.0008	-0.011
97.20	100.05		11	43.7%	0.97	0.0009	0.000	135	0.5800	1.46		26	44.0%	-0.03	0.0010	-0.013
92.45	95.40		7	43.0%	0.97	0.0011	0.000	140	0.8500	1.96		39	44.3%	-0.04	0.0012	-0.015
87.90	90.75		15	42.6%	0.96	0.0013	0.000	145	1.13	2.26		23	43.5%	-0.05	0.0014	-0.018
83.35	86.20		18	42.2%	0.95	0.0015	-0.004	150	1.65	2.47		529	42.9%	-0.06	0.0016	-0.020
78.45	81.70		13	40.7%	0.94	0.0018	-0.007	155	2.05	2.87	3	268	42.1%	-0.07	0.0019	-0.023
74.45	77.35		23	41.4%	0.93	0.0021	-0.011	160	2.60	3.25		460	41.4%	-0.08	0.0022	-0.026
70.15	72.90		34	40.8%	0.91	0.0024	-0.015	165	3.00	4.45	4	674	41.7%	-0.10	0.0025	-0.029
66.00	68.70		26	40.6%	0.89	0.0027	-0.019	170	3.30	5.20	2	450	40.6%	-0.11	0.0028	-0.032
62.05	64.45		25	40.3%	0.88	0.0031	-0.024	175	4.80	5.20		278	40.1%	-0.13	0.0032	-0.035
57.20	60.60	6	47	39.1%	0.86	0.0034	-0.028	180	4.95	7.05	12	524	39.9%	-0.15	0.0035	-0.039
53.95	56.70		28	39.5%	0.84	0.0038	-0.032	185	6.55	7.50	1	323	39.6%	-0.17	0.0038	-0.042
50.45	53.00	1	35	39.6%	0.81	0.0041	-0.036	190	7.20	9.30	11	188	39.3%	-0.20	0.0042	-0.045
46.95	49.45		90	39.4%	0.79	0.0045	-0.040	195	9.30	10.05		199	39.2%	-0.22	0.0045	-0.048
43.35	45.55		141	38.6%	0.76	0.0048	-0.044	200	10.60	12.30	7	1,741	39.5%	-0.25	0.0049	-0.051
40.15	42.70		126	38.9%	0.73	0.0051	-0.047	205	11.90	14.00		74	39.0%	-0.28	0.0052	-0.053
37.20	39.85	1	183	39.0%	0.71	0.0054	-0.050	210	13.20	15.85	3	653	38.4%	-0.30	0.0054	-0.055
34.15	36.95		67	38.8%	0.68	0.0056	-0.053	215	15.80	17.30		446	38.3%	-0.33	0.0057	-0.057
31.40	33.80	1	353	38.4%	0.65	0.0058	-0.055	220	17.95	19.95		1,834	38.6%	-0.36	0.0059	-0.058
28.95	31.20		52	38.4%	0.62	0.0060	-0.057	225	19.60	21.80		135	37.6%	-0.39	0.0061	-0.059
26.45	28.60	1	207	38.1%	0.58	0.0061	-0.058	230	22.05	24.35		469	37.5%	-0.43	0.0062	-0.060
23.65	26.10	2	128	37.5%	0.55	0.0062	-0.059	235	25.30	26.95		313	37.9%	-0.46	0.0063	-0.060
22.10	23.65		251	37.7%	0.52	0.0063	-0.060	240	27.85	30.40	5	411	38.1%	-0.49	0.0064	-0.060
20.30	22.10		103	38.1%	0.49	0.0063	-0.060	245	30.40	32.90		80	37.4%	-0.52	0.0064	-0.060
18.20	19.90	1	345	37.5%	0.46	0.0063	-0.060	250	33.40	36.15	2	1,242	37.4%	-0.55	0.0064	-0.059
16.80	18.10	2	855	37.6%	0.44	0.0062	-0.060	255	37.00	39.70		2	37.8%	-0.58	0.0064	-0.058
15.15	16.85	1	367	37.8%	0.41	0.0062	-0.059	260	40.55	42.50		166	37.5%	-0.61	0.0063	-0.056
13.45	15.40		62	37.6%	0.38	0.0060	-0.058	265	44.15	46.05		4	37.5%	-0.63	0.0062	-0.055
12.70	13.50		2,478	37.5%	0.36	0.0059	-0.057	270	47.60	50.20		456	37.8%	-0.66	0.0061	-0.053
11.10	12.25		51	37.2%	0.33	0.0057	-0.056	275	51.20	53.85			37.5%	-0.68	0.0060	-0.051
10.15	11.75	1	1,391	37.8%	0.31	0.0056	-0.054	280	55.25	57.70		376	37.7%	-0.71	0.0058	-0.048
9.25	10.05		45	37.3%	0.29	0.0054	-0.053	285	59.35	61.70		1	37.9%	-0.73	0.0056	-0.046
8.60	9.25	3	701	37.7%	0.27	0.0052	-0.051	290	63.20	65.60		1,003	37.5%	-0.75	0.0054	-0.043
7.65	9.00		65	38.2%	0.25	0.0050	-0.049	295	67.65	69.85			37.9%	-0.77	0.0052	-0.040
7.10	8.20	36	1,715	38.4%	0.23	0.0048	-0.047	300	71.55	74.20	2	2,526	37.7%	-0.79	0.0050	-0.037
6.05	7.60	1	22	38.2%	0.21	0.0045	-0.045	305	75.95	78.70			38.1%	-0.81	0.0048	-0.034
5.00	6.95	1	285	37.8%	0.20	0.0043	-0.043	310	80.35	82.65		64	37.7%	-0.83	0.0046	-0.032
4.45	5.90	7	29	37.3%	0.18	0.0041	-0.042	315	84.70	87.20			37.7%	-0.84	0.0044	-0.029
4.65	5.40		451	38.2%	0.17	0.0039	-0.040	320	89.20	91.45		72	37.4%	-0.86	0.0043	-0.027
4.35	5.10		79	38.7%	0.16	0.0037	-0.038	325	93.75	96.65		1	38.4%	-0.87	0.0042	-0.025
3.55	4.40		1,241	37.9%	0.15	0.0035	-0.036	330	98.50	101.95	1	69	39.7%	-0.89	0.0041	-0.024
3.35	4.20		6	38.5%	0.13	0.0033	-0.034	335	103.05	106.15			39.0%	-0.90	0.0040	-0.023
3.25	3.75		242	38.7%	0.12	0.0031	-0.033	340	108.05	111.25		41	40.4%	-0.91	0.0039	-0.022

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 — Mar 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 — Mar 19, 2027

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