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 ±10.1% (211.24–258.79) · ATM IV 41.8% · P/C open interest 0.53

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
114.60	118.60		2		1.00	0.0001	0.000	120	0	0.5000		186	103.8%	-0.00	0.0001	-0.005
109.65	113.70		1		1.00	0.0001	0.000	125	0	0.2000	2	159	87.3%	-0.00	0.0001	-0.006
105.55	108.65		3	106.3%	1.00	0.0001	0.000	130	0	1.26		63	106.7%	-0.00	0.0002	-0.006
100.70	103.25			94.5%	1.00	0.0001	0.000	135	0	0.6200		123	90.0%	-0.00	0.0002	-0.007
94.95	98.25		2		1.00	0.0001	0.000	140	0	1.36		50	96.2%	-0.00	0.0002	-0.008
89.95	93.25		12		1.00	0.0002	0.000	145	0	0.2500		117	70.3%	-0.00	0.0003	-0.009
85.75	88.25		61	77.8%	1.00	0.0002	0.000	150	0	0.4200		288	70.5%	-0.01	0.0004	-0.011
80.75	83.30		17	73.3%	1.00	0.0003	0.000	155	0	0.3500	1	80	64.3%	-0.01	0.0005	-0.013
75.70	78.75	1	31	74.3%	0.99	0.0004	-0.001	160	0	0.3900	2	266	60.9%	-0.01	0.0006	-0.015
70.70	73.35		11	62.7%	0.99	0.0006	-0.004	165	0	0.1900	5	474	51.4%	-0.01	0.0008	-0.018
65.85	68.40		287	61.0%	0.99	0.0008	-0.008	170	0.1600	0.2500	268	559	52.8%	-0.02	0.0011	-0.022
60.90	63.45		246	57.3%	0.99	0.0011	-0.013	175	0.1500	0.3600	5	402	50.2%	-0.02	0.0014	-0.027
55.90	58.55		22	53.7%	0.98	0.0015	-0.019	180	0.3000	0.4100	19	671	48.7%	-0.03	0.0019	-0.034
51.05	53.70	3	26	51.8%	0.97	0.0020	-0.028	185	0.4200	0.5600	10	748	46.9%	-0.04	0.0025	-0.042
46.30	48.85	1	133	50.1%	0.96	0.0028	-0.039	190	0.6400	0.7800	54	2,105	46.1%	-0.05	0.0033	-0.053
40.80	44.60	12	113	46.8%	0.94	0.0038	-0.053	195	0.9200	1.06	126	646	44.8%	-0.07	0.0043	-0.066
36.50	39.65	2	254	45.8%	0.92	0.0051	-0.070	200	1.40	1.50	207	2,484	44.3%	-0.10	0.0055	-0.082
32.80	35.40		254	48.5%	0.89	0.0065	-0.090	205	1.90	2.16	134	1,023	43.5%	-0.13	0.0069	-0.100
30.30	33.25			46.8%	0.87	0.0073	-0.101	207.5	2.21	2.61	18	17	43.3%	-0.15	0.0077	-0.109
28.60	31.25	3	396	47.8%	0.85	0.0081	-0.112	210	2.69	3.00	94	1,350	43.1%	-0.17	0.0084	-0.119
26.15	29.15			46.1%	0.83	0.0090	-0.123	212.5	3.05	3.80	7	7	43.3%	-0.19	0.0092	-0.129
24.20	26.85	8	444	44.9%	0.80	0.0098	-0.134	215	3.70	4.15	138	912	42.7%	-0.22	0.0099	-0.138
22.30	25.00	5	5	44.8%	0.78	0.0105	-0.144	217.5	3.90	5.20			42.5%	-0.25	0.0106	-0.147
20.20	23.05	14	1,119	43.6%	0.75	0.0113	-0.154	220	4.95	5.55	132	2,023	42.3%	-0.28	0.0112	-0.155
19.15	21.40			45.2%	0.72	0.0119	-0.163	222.5	5.55	6.70	9	6	42.5%	-0.30	0.0118	-0.162
17.40	19.40	18	622	44.0%	0.68	0.0125	-0.170	225	6.90	7.25	72	894	42.1%	-0.34	0.0123	-0.169
15.95	18.20			44.9%	0.65	0.0130	-0.177	227.5	7.30	8.80	15	14	42.6%	-0.37	0.0128	-0.174
14.10	15.80	169	1,810	42.3%	0.62	0.0134	-0.182	230	8.30	9.35	93	2,370	41.4%	-0.40	0.0131	-0.179
12.50	15.15	79	52	43.2%	0.58	0.0137	-0.186	232.5	9.40	11.40	33	28	42.9%	-0.44	0.0134	-0.182
12.15	12.70	318	1,869	41.7%	0.55	0.0139	-0.188	235	10.90	11.80	94	1,866	41.8%	-0.47	0.0135	-0.183
9.80	12.80	21	17	43.1%	0.51	0.0139	-0.189	237.5	11.85	13.70	60	57	42.1%	-0.50	0.0136	-0.184
9.90	10.95	328	3,230	43.9%	0.48	0.0139	-0.189	240	13.25	15.25	13	724	42.3%	-0.54	0.0135	-0.183
8.35	9.60	16	14	42.4%	0.45	0.0137	-0.187	242.5	14.80	16.85			42.6%	-0.57	0.0134	-0.181
7.65	8.15	103	1,440	41.9%	0.41	0.0135	-0.184	245	16.50	17.85	2	219	41.8%	-0.60	0.0131	-0.178
6.70	7.75	23	15	42.6%	0.38	0.0132	-0.180	247.5	18.10	19.90	10	7	42.4%	-0.63	0.0128	-0.173
6.20	6.65	818	8,652	42.2%	0.35	0.0128	-0.174	250	19.50	21.75	51	582	42.0%	-0.66	0.0124	-0.168
4.45	6.20	5	5	41.1%	0.32	0.0123	-0.169	252.5	21.50	23.60	85	50	42.6%	-0.69	0.0120	-0.162
4.55	5.55	66	1,707	42.7%	0.29	0.0118	-0.162	255	23.25	25.10	58	774	41.6%	-0.72	0.0115	-0.155
3.75	4.25	208	1,929	42.4%	0.24	0.0106	-0.147	260	26.90	29.40	3	187	41.9%	-0.76	0.0104	-0.141
2.87	3.25	131	1,028	42.9%	0.20	0.0094	-0.132	265	30.95	33.65	2	132	42.0%	-0.81	0.0092	-0.125
2.06	2.74	140	1,223	43.3%	0.16	0.0082	-0.116	270	35.25	37.95	1	424	42.0%	-0.84	0.0080	-0.110
1.71	2.00	98	5,978	43.6%	0.13	0.0071	-0.102	275	39.70	42.40		157	41.9%	-0.87	0.0069	-0.095
1.22	1.60	74	1,843	43.7%	0.11	0.0060	-0.088	280	44.30	47.80	22	365	45.4%	-0.90	0.0059	-0.081
0.9300	1.22	96	641	44.0%	0.09	0.0051	-0.076	285	49.10	51.60		77	42.4%	-0.92	0.0050	-0.069
0.8100	1.01	9	667	45.2%	0.07	0.0043	-0.066	290	53.70	56.40	21	274	41.8%	-0.93	0.0042	-0.058
0.5900	0.8500	157	461	45.8%	0.06	0.0036	-0.057	295	58.60	61.25		88	42.8%	-0.94	0.0036	-0.049
0.2900	0.8900	646	2,065	46.7%	0.05	0.0031	-0.050	300	63.50	66.10	1	36	43.2%	-0.95	0.0030	-0.041
0.3500	1.15		309	51.4%	0.04	0.0026	-0.043	305	68.40	70.90		73	42.4%	-0.96	0.0025	-0.034
0.1800	0.6300	4	571	48.4%	0.03	0.0022	-0.038	310	73.30	75.90		38	43.5%	-0.97	0.0022	-0.028
0.0200	1.17		152	54.1%	0.03	0.0019	-0.034	315	78.15	80.85		17	42.1%	-0.97	0.0018	-0.023
0.0600	0.4500	2	1,428	49.3%	0.02	0.0016	-0.030	320	83.10	86.10		4	48.7%	-0.98	0.0016	-0.019
0	0.7500		938	54.4%	0.02	0.0014	-0.027	325	88.05	91.40		18	54.6%	-0.98	0.0014	-0.015
0.0500	0.6400	4	1,148	55.8%	0.02	0.0012	-0.024	330	93.00	96.35		21	55.8%	-0.98	0.0012	-0.012
0.0600	0.2300	1	375	51.3%	0.02	0.0011	-0.022	335	98.00	101.20			56.2%	-0.98	0.0010	-0.009
0.0500	0.2200	15	322	51.1%	0.01	0.0009	-0.020	340	102.55	105.95				-0.99	0.0009	-0.006
0	0.2400	2	29	51.9%	0.01	0.0008	-0.018	345	107.90	111.25			60.2%	-0.99	0.0008	-0.004
0.0100	0.5900	2	369	62.4%	0.01	0.0007	-0.016	350	112.90	115.55				-0.99	0.0007	-0.002

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 — Nov 20, 2026

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 — Nov 20, 2026

Consumer Cyclical

ETF

Technology

Financial Services

Industrials

Consumer Defensive