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Options/IBM
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IBMInternational Business Machines Corporation

Options Analysis Report•COMPUTER & OFFICE EQUIPMENT
Market Cap $225.0B|NYSE
● 2026-08-28$238.79
BULLISH
Analysis: 2026-08-27 EOD data
1Y -2.8%YTD -18.1%7D +1.3%
57,209
30D
±9.1%
9%

IBM Options Overview

Mixed signals. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

6.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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IBM Gamma Walls

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Value

Is IV priced right?

7.0
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 67.0% — elevated vs history

<1.05x

IV/HV 1.28x — IV premium over HV

Sector Relative≤50%

Sector percentile 19% — below sector median

<1.1x

Front/Back 0.83x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 36.3% — normal range

<80%

Effective IV 47.9% (ATM 36.3% + spread 5.8% + bias) — excellent value

<3.0%

Total drag 10.37% (spread 5.80% + slippage 4.57%) — high friction

≥5.0

Vega efficiency 40.26 (vega 23.352 / spread 5.80%) — efficient

Sentiment

Bullish or bearish?

7.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +17%, Raw: +17%)
|net sentiment| ≥25%

Conviction-weighted: +17% (bullish) — Raw: +17%

≥15%

|OI skew| 11.9% — balanced

Same sign, |vol skew| ≥10%

Vol skew +29.6%, OI skew +11.9% — aligned

≥2/3 conditions

0-DTE 31%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +19%, ATM: +0%, OTM: +23% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 42% — bullish vs sector

Activity

Unusual activity?

3.8
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 1.1x avg — normal

≥15%

Vol/OI 9.1% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change -16.5% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 62% — active vs sector

≥30%

Large trade volume 16% — mixed

≥60%

Aggressive execution 33% — patient

≥30

Conviction +17 (bullish) — mixed

Liquidity

Can I trade efficiently?

6.4
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks5/8 checks passed
≤5.0%

Spread 5.8% — wide

≥10,000

OI 627,130 — deep

≥500

Volume 57,209/day — active

≤$0.50

$0.29 to cross — cheap

≥5 strikes

2 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 21% — tighter than sector

≥100 contracts

Depth 122.30000000000001 contracts (bid:57.4 ask:64.9) — adequate

<1.0%

Avg slippage 4.57% — poor

Timing

Is now a good time?

7.4
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -17.0% — contango

<30 or >70

IV percentile 67% — neutral

≥10pts kink

IV kink -3.5pts — no clear event

<0.5 or >2.0

θ/ν ratio 133.75 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +17% @ 59% consistency — unclear

≥40 composite score

Score 46 (ITM 20% + inst 16%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls7.0
bullishIV cheap, bullish flow
Long Puts5.6
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.0
bullishIV too cheap, bullish flow
Covered Call4.3
bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.