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 ±30.9% (166.33–314.93) · ATM IV 37.2% · P/C open interest 1.31

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
115.50	119.50		67	41.2%	0.96	0.0008	0.000	125	1.77	2.35		3,284	41.5%	-0.04	0.0009	-0.011
111.50	115.15		29	41.8%	0.96	0.0010	0.000	130	2.43	2.72		87	41.5%	-0.05	0.0010	-0.012
107.00	111.00		111	41.3%	0.95	0.0011	0.000	135	2.84	3.30		51	41.2%	-0.06	0.0011	-0.014
103.00	107.00		24	41.7%	0.94	0.0012	-0.002	140	3.20	3.70		905	40.3%	-0.07	0.0013	-0.015
98.50	102.50		35	40.3%	0.93	0.0014	-0.004	145	3.80	4.35		72	40.1%	-0.08	0.0014	-0.017
95.75	98.15	1	65	41.4%	0.92	0.0015	-0.006	150	4.50	5.00		211	39.8%	-0.09	0.0016	-0.018
92.15	94.40		30	41.8%	0.91	0.0017	-0.008	155	5.50	5.90		50	39.9%	-0.10	0.0018	-0.020
86.55	90.40		16	39.5%	0.90	0.0019	-0.010	160	6.20	6.85		768	39.6%	-0.11	0.0019	-0.021
82.55	86.55		32	39.1%	0.88	0.0021	-0.013	165	7.15	8.25		387	39.8%	-0.13	0.0021	-0.023
80.25	82.85		55	40.3%	0.87	0.0022	-0.015	170	8.15	9.15		58	39.4%	-0.14	0.0023	-0.025
75.55	79.15		53	39.0%	0.85	0.0024	-0.017	175	9.20	10.20		384	39.0%	-0.16	0.0025	-0.026
72.75	75.75		39	39.5%	0.84	0.0026	-0.019	180	10.55	11.45		782	38.9%	-0.17	0.0026	-0.028
69.25	72.55		11	39.5%	0.82	0.0028	-0.021	185	11.95	12.35		191	38.4%	-0.19	0.0028	-0.029
66.75	67.90		38	38.9%	0.80	0.0029	-0.023	190	13.25	13.80	10	1,302	38.1%	-0.21	0.0030	-0.031
63.55	64.65		51	38.7%	0.78	0.0031	-0.025	195	14.80	15.40	1	138	38.0%	-0.22	0.0032	-0.032
60.50	61.50	1	328	38.6%	0.77	0.0032	-0.027	200	16.75	17.10	2	333	38.1%	-0.24	0.0033	-0.034
56.60	58.50		103	37.9%	0.75	0.0034	-0.029	205	18.40	18.85		135	37.8%	-0.26	0.0035	-0.035
54.60	55.65		131	38.3%	0.73	0.0035	-0.031	210	20.30	20.75	5	305	37.7%	-0.28	0.0036	-0.036
51.95	52.80	1	64	38.2%	0.71	0.0036	-0.032	215	22.00	22.75	15	131	37.4%	-0.30	0.0038	-0.037
47.80	50.15		694	37.3%	0.69	0.0038	-0.034	220	24.45	24.90	1	132	37.5%	-0.32	0.0039	-0.038
46.50	47.65		44	37.9%	0.67	0.0039	-0.035	225	26.60	27.20		141	37.4%	-0.34	0.0040	-0.039
43.85	45.15		162	37.7%	0.65	0.0040	-0.036	230	28.80	30.00		235	37.4%	-0.36	0.0041	-0.039
40.75	43.25		114	37.4%	0.63	0.0040	-0.037	235	31.50	32.05		259	37.2%	-0.39	0.0042	-0.040
39.00	41.15	1	206	37.3%	0.61	0.0041	-0.038	240	33.85	34.60		85	37.0%	-0.41	0.0043	-0.040
37.60	38.30	1	51	37.6%	0.59	0.0042	-0.039	245	36.75	37.90		281	37.4%	-0.43	0.0044	-0.041
35.75	36.25	7	320	37.6%	0.57	0.0042	-0.039	250	39.15	40.30		231	36.9%	-0.45	0.0044	-0.041
33.00	34.30		32	37.1%	0.55	0.0042	-0.040	255	42.30	43.60		204	37.2%	-0.47	0.0045	-0.041
31.90	33.10		197	37.5%	0.53	0.0043	-0.040	260	45.40	46.40		218	37.1%	-0.49	0.0045	-0.041
30.15	30.65	3	16	37.4%	0.51	0.0043	-0.040	265	48.25	49.15		6	36.7%	-0.51	0.0045	-0.041
28.30	29.00		140	37.6%	0.49	0.0043	-0.041	270	51.65	53.10		426	37.2%	-0.53	0.0046	-0.040
26.65	27.40		20	37.2%	0.47	0.0043	-0.041	275	54.90	55.60	15	67	36.7%	-0.55	0.0046	-0.040
24.85	25.85	6	437	37.0%	0.45	0.0043	-0.041	280	58.25	59.65		72	37.0%	-0.57	0.0046	-0.039
23.90	24.45		171	37.2%	0.44	0.0042	-0.040	285	61.75	62.70			36.8%	-0.59	0.0046	-0.039
21.95	23.10		268	36.9%	0.42	0.0042	-0.040	290	65.30	66.20		152	36.7%	-0.61	0.0046	-0.038
21.10	21.80	1	23	37.0%	0.40	0.0042	-0.040	295	68.95	69.80			36.7%	-0.63	0.0046	-0.038
20.10	20.55	16	556	37.1%	0.39	0.0041	-0.039	300	72.70	74.30		230	37.1%	-0.65	0.0046	-0.037
18.95	19.35	1	571	37.1%	0.37	0.0041	-0.039	305	76.15	77.35		1	36.5%	-0.66	0.0045	-0.036
17.80	18.35	5	229	37.1%	0.36	0.0040	-0.038	310	80.45	81.25		27	36.8%	-0.68	0.0045	-0.035
16.85	17.30	9	14	37.1%	0.34	0.0040	-0.038	315	84.30	85.20			36.7%	-0.70	0.0045	-0.035
15.90	16.30	3	194	37.0%	0.33	0.0039	-0.037	320	88.35	90.10		11	37.3%	-0.72	0.0045	-0.034
14.95	15.40	1	50	37.0%	0.31	0.0038	-0.037	325	91.65	93.50			36.4%	-0.73	0.0045	-0.033
14.10	14.85		107	37.2%	0.30	0.0037	-0.036	330	96.05	97.75		14	36.6%	-0.75	0.0044	-0.033
13.30	13.75	2	42	37.0%	0.29	0.0037	-0.035	335	100.85	101.85			37.5%	-0.77	0.0044	-0.032
12.50	12.95	5	236	37.0%	0.27	0.0036	-0.035	340	105.20	106.30		101	37.1%	-0.78	0.0044	-0.032
11.15	11.60	3	594	37.1%	0.25	0.0034	-0.033	350	113.95	115.00		13	37.2%	-0.81	0.0043	-0.030
9.80	10.40		233	37.0%	0.23	0.0032	-0.032	360	122.90	124.50		2	37.8%	-0.84	0.0042	-0.028

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 — Dec 17, 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 — Dec 17, 2027

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