IBM option chain International Business Machines Corporation

Expiration Cboe delayed options data · as of 18:39 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 ±22.6% (186.25–295.00) · ATM IV 37.7% · P/C open interest —

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
114.30	117.75			35.4%	0.99	0.0005	0.000	125	0.4000	0.7400			44.7%	-0.02	0.0005	-0.008
109.55	112.95			41.2%	0.98	0.0006	0.000	130	0.5300	0.8900			44.0%	-0.02	0.0006	-0.009
104.85	107.80			39.1%	0.98	0.0007	0.000	135	0.6700	1.09			43.2%	-0.03	0.0008	-0.011
100.20	103.55			41.9%	0.97	0.0009	0.000	140	0.8800	1.21			42.2%	-0.03	0.0010	-0.013
95.60	98.95			41.8%	0.97	0.0010	0.000	145	1.13	1.49			41.8%	-0.04	0.0011	-0.015
91.10	94.25			41.2%	0.96	0.0012	0.000	150	1.42	1.81	1		41.7%	-0.05	0.0013	-0.017
86.45	89.80			40.7%	0.95	0.0015	-0.003	155	1.79	2.25			40.9%	-0.06	0.0016	-0.019
82.00	85.30			40.2%	0.94	0.0017	-0.006	160	2.28	2.67			40.9%	-0.07	0.0018	-0.022
77.60	80.55			39.1%	0.93	0.0020	-0.010	165	2.70	3.25			40.1%	-0.08	0.0021	-0.025
74.55	76.50			41.5%	0.91	0.0023	-0.014	170	3.35	3.90			39.9%	-0.10	0.0024	-0.028
69.35	72.30			39.5%	0.90	0.0026	-0.018	175	4.15	4.65			39.7%	-0.11	0.0027	-0.031
66.70	68.30			41.3%	0.88	0.0029	-0.022	180	4.95	5.45			39.4%	-0.13	0.0030	-0.034
62.70	64.55			41.1%	0.86	0.0032	-0.026	185	5.70	6.40			38.9%	-0.15	0.0033	-0.037
58.85	60.75			40.4%	0.84	0.0035	-0.030	190	6.85	7.65			39.0%	-0.17	0.0036	-0.040
55.20	56.70			40.2%	0.82	0.0038	-0.034	195	8.20	8.70			38.8%	-0.19	0.0039	-0.043
51.60	52.90			39.7%	0.80	0.0041	-0.038	200	9.55	10.05	3		38.6%	-0.21	0.0042	-0.046
48.20	49.65			39.6%	0.77	0.0044	-0.041	205	10.95	11.55			38.4%	-0.24	0.0045	-0.049
44.75	46.10			39.1%	0.75	0.0047	-0.045	210	12.40	13.15			38.0%	-0.27	0.0048	-0.051
41.75	43.20			39.2%	0.72	0.0049	-0.048	215	14.35	15.00			38.1%	-0.29	0.0050	-0.053
38.80	40.20			39.1%	0.69	0.0052	-0.051	220	16.30	16.90			37.9%	-0.32	0.0052	-0.055
36.00	37.20			38.8%	0.66	0.0054	-0.053	225	18.40	19.00			37.8%	-0.35	0.0054	-0.057
33.30	34.30			38.5%	0.64	0.0055	-0.055	230	20.40	21.40			37.7%	-0.38	0.0056	-0.058
30.10	31.75			38.0%	0.61	0.0057	-0.057	235	23.00	23.80			37.7%	-0.40	0.0057	-0.059
28.25	29.10	22		38.1%	0.58	0.0058	-0.058	240	25.10	26.30			37.3%	-0.43	0.0059	-0.059
26.00	26.95			38.0%	0.55	0.0058	-0.059	245	27.95	29.30			37.5%	-0.46	0.0059	-0.059
23.90	25.00			38.1%	0.52	0.0059	-0.060	250	30.55	32.05			37.3%	-0.49	0.0060	-0.059
21.90	23.05			38.0%	0.49	0.0059	-0.060	255	33.85	34.70			37.2%	-0.52	0.0060	-0.059
20.05	21.25	2		37.9%	0.47	0.0059	-0.060	260	36.70	38.15			37.2%	-0.55	0.0060	-0.058
18.30	19.10			37.5%	0.44	0.0059	-0.059	265	39.70	41.40			37.0%	-0.57	0.0060	-0.057
16.70	17.65			37.6%	0.41	0.0058	-0.059	270	43.50	44.75			37.2%	-0.60	0.0060	-0.056
15.25	16.15			37.5%	0.39	0.0057	-0.058	275	47.00	48.20			37.1%	-0.63	0.0059	-0.054
13.90	14.85			37.5%	0.36	0.0056	-0.057	280	50.65	51.85			37.2%	-0.65	0.0058	-0.052
12.65	13.60			37.5%	0.34	0.0055	-0.056	285	54.00	55.60			36.9%	-0.68	0.0057	-0.051
11.25	12.55			37.4%	0.32	0.0053	-0.054	290	58.35	59.45			37.3%	-0.70	0.0056	-0.049
10.50	11.30			37.4%	0.30	0.0052	-0.053	295	61.70	63.70			37.0%	-0.72	0.0055	-0.047
9.55	10.35			37.4%	0.28	0.0050	-0.051	300	65.95	67.70			37.2%	-0.75	0.0054	-0.045
8.45	9.35			37.1%	0.26	0.0048	-0.049	305	70.00	71.85			37.2%	-0.77	0.0052	-0.043
7.85	8.75			37.5%	0.24	0.0046	-0.048	310	74.30	75.80			37.0%	-0.79	0.0051	-0.041
7.15	8.00			37.5%	0.22	0.0044	-0.046	315	78.55	80.55			37.5%	-0.81	0.0050	-0.038
6.50	7.35			37.6%	0.21	0.0042	-0.044	320	82.85	85.20			37.8%	-0.82	0.0048	-0.036
5.80	6.70			37.5%	0.19	0.0040	-0.042	325	87.30	88.95			37.1%	-0.84	0.0046	-0.034
5.30	6.15			37.6%	0.18	0.0039	-0.040	330	92.00	94.15			38.2%	-0.86	0.0044	-0.031
4.70	5.65			37.6%	0.17	0.0037	-0.038	335	96.35	98.05			37.2%	-0.87	0.0042	-0.028
4.35	5.20			37.8%	0.15	0.0035	-0.037	340	101.60	102.90			38.5%	-0.89	0.0040	-0.025
3.80	4.80			37.7%	0.14	0.0033	-0.035	345	106.10	107.85			38.9%	-0.90	0.0037	-0.022
3.60	4.40			38.0%	0.13	0.0032	-0.034	350	110.70	112.40			38.6%	-0.91	0.0035	-0.018
2.56	4.25			37.3%	0.12	0.0030	-0.032	355	115.20	118.40			40.6%	-0.92	0.0033	-0.015

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 — May 21, 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 — May 21, 2027

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