IBM · Option chain

IBM Option Chain

Every listed IBM strike within 25% of spot, across the next 6 expirations — calls and puts side by side with last price, volume and open interest, plus the closing bid and ask.

Open interest and pricing as of the close on 2026-09-03. Recomputed every morning before the open.

Spot

$234.71

Call open interest

89,621

Put open interest

71,953

Put/call (volume)

1.15

16,543 contracts changed hands across these expirations — 7,701 calls against 8,842 puts. Puts outtraded calls 1.15 to one.

Sep 11, 20266 days

call OI 5,446 · put OI 3,019

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	52.80 / 56.15	—	—	180	—	0.00 / 0.01	—	11
—	47.75 / 50.85	—	—	185	—	0.00 / 2.13	—	3
—	42.80 / 46.10	—	—	190	—	0.00 / 0.01	—	21
—	37.80 / 40.85	—	1	195	0.01	0.00 / 0.01	12	77
—	32.80 / 35.85	—	1	200	0.07	0.00 / 0.06	2	58
—	27.80 / 31.00	—	—	205	0.05	0.01 / 0.08	14	110
—	25.35 / 28.15	—	—	207.5	—	0.00 / 0.20	—	3
28.00	22.85 / 25.75	1	1	210	0.07	0.03 / 0.09	122	120
—	20.45 / 23.15	—	—	212.5	—	0.00 / 0.31	—	21
—	17.95 / 20.80	—	10	215	0.16	0.05 / 0.36	31	91
—	15.55 / 18.50	—	1	217.5	0.23	0.15 / 0.33	156	523
15.40	13.25 / 16.35	2	124	220	0.39	0.30 / 0.48	44	369
12.50	10.80 / 13.35	5	6	222.5	0.63	0.42 / 0.74	51	547
9.50	8.95 / 11.55	2	18	225	0.93	0.77 / 0.99	172	231
7.65	7.75 / 9.30	17	6	227.5	1.36	1.19 / 1.36	182	64
5.67	6.00 / 7.30	55	310	230	1.94	1.83 / 2.32	127	349
4.29	4.60 / 5.50	23	369	232.5	2.94	2.48 / 3.25	95	48
3.60	3.50 / 3.90	216	265	235	4.75	3.55 / 4.50	126	111
2.29	2.32 / 2.95	170	61	237.5	6.30	4.85 / 6.05	13	6
1.86	1.75 / 1.99	357	761	240	6.94	6.35 / 7.95	5	114
1.12	1.07 / 1.33	461	221	242.5	—	8.10 / 10.00	—	—
0.80	0.63 / 0.89	481	239	245	—	10.15 / 13.10	—	99
0.50	0.43 / 0.61	105	136	247.5	—	12.10 / 15.25	—	1
0.31	0.31 / 0.41	470	503	250	15.22	14.75 / 17.60	1	18
0.26	0.07 / 0.30	43	277	252.5	—	17.50 / 20.00	—	15
0.18	0.13 / 0.24	85	447	255	20.62	19.20 / 22.45	1	6
0.11	0.05 / 0.19	13	275	257.5	—	21.90 / 25.00	—	2
0.06	0.01 / 0.14	21	435	260	—	24.35 / 27.40	—	1
0.09	0.01 / 0.15	1	20	262.5	—	26.65 / 29.90	—	—
0.07	0.04 / 0.30	10	311	265	—	29.10 / 32.40	—	—
0.09	0.00 / 0.36	1	80	267.5	—	31.85 / 34.90	—	—
0.06	0.01 / 0.12	10	153	270	—	34.30 / 37.40	—	—
—	0.00 / 0.25	—	69	275	—	39.60 / 42.40	—	—
0.02	0.00 / 0.02	68	263	280	—	44.60 / 46.75	—	—
0.01	0.00 / 0.02	20	42	285	—	49.60 / 52.40	—	—
0.01	0.00 / 0.22	20	41	290	—	54.60 / 57.05	—	—
A dash means the contract did not trade — not a price of zero.

Sep 18, 202613 days

call OI 47,398 · put OI 39,458

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	53.35 / 55.40	—	3	180	0.08	0.01 / 0.10	10	1,520
—	48.00 / 50.70	—	2	185	0.07	0.00 / 0.08	14	1,068
—	43.00 / 46.00	—	234	190	0.08	0.06 / 0.25	50	6,626
—	38.10 / 41.05	—	166	195	0.05	0.01 / 0.30	6	1,844
36.25	34.25 / 35.95	1	304	200	0.12	0.10 / 0.14	252	3,614
29.51	28.15 / 31.35	1	313	205	0.21	0.15 / 0.40	60	2,005
—	26.55 / 28.90	—	—	207.5	0.28	0.10 / 0.66	9	24
24.15	23.30 / 26.15	2	717	210	0.43	0.25 / 0.43	32	2,524
—	20.95 / 24.30	—	—	212.5	0.45	0.25 / 0.61	9	60
20.10	18.50 / 21.35	17	669	215	0.63	0.55 / 0.63	532	2,024
—	16.50 / 19.45	—	1	217.5	0.84	0.66 / 1.10	8	127
16.04	14.75 / 16.55	54	3,754	220	1.18	1.00 / 1.42	553	3,356
—	12.45 / 14.35	—	1	222.5	1.58	1.35 / 1.79	40	93
11.58	11.00 / 12.70	22	923	225	2.09	1.90 / 2.28	289	1,794
10.20	9.20 / 10.45	1	36	227.5	2.88	2.52 / 2.94	109	73
7.63	7.70 / 8.65	68	5,246	230	3.80	3.25 / 3.55	319	4,538
6.25	6.30 / 7.35	57	187	232.5	4.90	4.00 / 4.60	127	79
5.40	5.20 / 5.70	131	1,731	235	5.85	5.25 / 5.80	626	831
3.90	3.95 / 4.60	31	218	237.5	6.95	6.35 / 7.70	26	139
3.29	3.00 / 3.60	207	2,419	240	8.40	8.15 / 9.40	15	2,303
2.42	2.27 / 2.85	22	214	242.5	—	9.95 / 11.35	—	9
2.00	1.70 / 2.22	146	1,251	245	12.00	11.25 / 13.25	1	212
1.55	1.42 / 1.73	50	194	247.5	12.05	13.80 / 15.30	8	3
1.20	1.15 / 1.27	776	4,493	250	17.53	15.30 / 17.80	3	2,402
0.77	0.60 / 1.05	11	124	252.5	—	18.10 / 20.40	—	—
0.58	0.53 / 0.75	553	2,034	255	20.18	20.25 / 22.80	5	141
0.43	0.41 / 0.57	21	275	257.5	—	22.60 / 25.15	—	—
0.39	0.35 / 0.43	343	5,367	260	26.14	24.45 / 27.55	16	787
0.24	0.20 / 0.30	81	1,545	265	31.22	29.45 / 32.45	296	484
0.16	0.11 / 0.36	85	4,726	270	36.90	34.30 / 37.40	331	206
0.11	0.08 / 0.20	9	704	275	41.25	39.35 / 41.85	629	79
0.07	0.05 / 0.10	67	4,428	280	46.25	44.35 / 47.40	2,020	435
0.07	0.01 / 0.15	2	2,913	285	51.19	49.60 / 52.40	1	6
0.03	0.01 / 0.05	2	2,206	290	56.20	54.30 / 57.40	378	52
A dash means the contract did not trade — not a price of zero.

Sep 25, 202620 days

call OI 2,214 · put OI 1,319

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	53.10 / 56.75	—	—	180	0.17	0.00 / 0.17	2	36
—	48.20 / 51.80	—	—	185	0.10	0.00 / 0.30	5	33
—	43.20 / 46.85	—	—	190	0.12	0.03 / 0.23	6	86
—	38.30 / 41.90	—	—	195	0.23	0.03 / 0.30	3	49
—	33.35 / 36.80	—	3	200	0.24	0.14 / 0.33	8	147
—	29.30 / 32.00	—	—	205	0.40	0.15 / 0.46	4	139
—	23.85 / 26.55	—	4	210	0.60	0.45 / 0.74	23	112
—	19.80 / 22.10	—	5	215	0.89	0.70 / 1.37	21	153
—	14.95 / 18.45	—	17	220	1.70	1.54 / 2.09	7	111
—	11.90 / 13.45	—	25	225	3.15	2.65 / 3.30	150	97
9.55	9.25 / 10.35	8	72	230	5.05	4.25 / 5.15	10	143
6.85	6.35 / 7.15	95	163	235	6.44	5.85 / 7.60	11	138
4.65	4.25 / 5.05	18	177	240	—	9.30 / 10.60	—	19
2.73	2.65 / 3.35	51	332	245	—	12.55 / 14.35	—	26
2.05	1.64 / 2.19	189	270	250	—	16.40 / 18.35	—	5
1.17	0.99 / 1.42	17	304	255	21.33	20.20 / 23.20	1	22
0.72	0.66 / 0.85	14	181	260	—	25.25 / 27.35	—	1
0.55	0.40 / 0.59	5	210	265	—	29.30 / 32.55	—	—
0.50	0.23 / 0.40	1	230	270	—	33.85 / 37.40	—	2
—	0.00 / 0.39	—	59	275	—	38.75 / 42.50	—	—
—	0.10 / 0.61	—	119	280	—	43.85 / 47.40	—	—
0.23	0.05 / 0.39	48	20	285	—	48.85 / 52.40	—	—
0.17	0.04 / 0.15	96	23	290	—	54.15 / 57.40	—	—
A dash means the contract did not trade — not a price of zero.

Oct 02, 202627 days

call OI 1,399 · put OI 1,550

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	53.35 / 56.95	—	—	180	0.14	0.00 / 0.32	1	3
—	48.35 / 52.00	—	—	185	—	0.00 / 0.33	—	14
—	43.45 / 47.00	—	—	190	0.22	0.01 / 0.38	3	22
—	38.90 / 41.85	—	2	195	—	0.00 / 0.59	—	26
—	33.70 / 36.80	—	—	200	—	0.00 / 1.30	—	17
—	28.95 / 32.05	—	1	205	0.62	0.50 / 0.88	4	26
25.10	24.30 / 27.50	20	23	210	1.08	0.95 / 1.22	2	66
—	19.95 / 22.80	—	7	215	1.78	1.53 / 1.91	12	624
18.22	16.50 / 18.65	6	14	220	2.87	2.32 / 2.84	8	53
13.50	12.90 / 14.90	7	24	225	4.28	3.70 / 4.25	17	22
9.84	9.90 / 11.30	17	79	230	6.13	5.15 / 6.40	5	634
8.25	7.60 / 8.90	115	641	235	7.65	7.30 / 8.65	13	19
5.59	5.30 / 6.40	24	54	240	—	10.15 / 11.85	—	12
3.90	3.70 / 4.30	43	67	245	—	13.30 / 15.30	—	5
2.71	2.52 / 3.00	33	114	250	—	16.65 / 19.30	—	2
1.83	1.71 / 2.10	9	67	255	—	21.30 / 23.70	—	—
1.28	1.15 / 1.62	6	103	260	—	25.10 / 28.15	—	2
0.95	0.80 / 1.14	7	84	265	—	29.90 / 32.75	—	1
—	0.46 / 0.75	—	70	270	—	34.55 / 37.55	—	2
—	0.10 / 0.80	—	26	275	—	39.00 / 42.40	—	—
0.36	0.08 / 0.57	1	11	280	—	43.75 / 47.50	—	—
—	0.01 / 0.62	—	7	285	—	48.80 / 52.50	—	—
—	0.05 / 0.55	—	5	290	—	53.90 / 57.40	—	—
A dash means the contract did not trade — not a price of zero.

Oct 09, 202634 days

call OI 269 · put OI 247

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	53.60 / 57.25	—	—	180	—	0.00 / 0.32	—	1
—	38.95 / 42.30	—	—	195	0.49	0.09 / 0.63	1	58
—	34.15 / 37.60	—	—	200	0.64	0.51 / 0.95	4	15
—	29.50 / 32.25	—	2	205	0.93	0.67 / 1.14	1	12
—	24.95 / 27.35	—	1	210	1.43	1.23 / 1.72	4	13
—	20.65 / 23.20	—	—	215	2.30	1.89 / 2.66	9	99
—	17.30 / 19.25	—	—	220	—	3.00 / 3.70	—	12
14.75	14.25 / 16.10	6	—	225	4.90	4.00 / 5.55	13	13
—	10.80 / 12.40	—	11	230	6.59	6.05 / 7.45	12	15
8.84	8.20 / 9.70	11	9	235	7.95	8.35 / 10.00	1	3
6.62	6.45 / 7.30	2	3	240	—	10.80 / 12.95	—	1
5.11	4.45 / 5.65	1	3	245	—	13.80 / 16.10	—	—
3.57	3.40 / 4.00	8	45	250	—	17.35 / 20.15	—	1
2.56	1.98 / 3.25	8	56	255	—	21.85 / 24.25	—	—
1.86	1.59 / 2.21	5	32	260	—	25.05 / 28.65	—	—
1.52	1.08 / 1.70	1	6	265	—	30.00 / 33.10	—	2
1.05	0.63 / 1.14	5	1	270	—	34.70 / 37.75	—	2
0.67	0.57 / 0.86	13	99	275	—	39.30 / 42.55	—	—
0.56	0.42 / 0.82	2	—	280	—	43.90 / 47.40	—	—
—	0.11 / 0.62	—	1	285	—	48.85 / 52.40	—	—
A dash means the contract did not trade — not a price of zero.

Oct 16, 202641 days

call OI 32,895 · put OI 26,360

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	53.80 / 57.30	—	40	180	0.27	0.20 / 0.34	26	848
—	48.85 / 51.00	—	22	185	0.26	0.26 / 0.40	3	681
—	44.05 / 47.30	—	144	190	0.44	0.30 / 0.72	45	2,846
41.41	39.65 / 42.20	4	61	195	0.65	0.30 / 0.77	16	768
37.76	34.60 / 37.95	2	167	200	0.91	0.80 / 1.13	60	3,431
32.15	30.00 / 33.30	12	242	205	1.42	1.09 / 1.51	90	1,622
27.78	25.30 / 28.50	2	1,713	210	2.03	1.82 / 2.19	64	1,830
23.02	21.55 / 24.20	1	1,814	215	2.99	2.65 / 3.00	62	2,048
19.55	18.35 / 20.40	4	520	220	4.12	3.60 / 4.35	52	4,747
15.00	14.95 / 16.50	17	2,613	225	5.77	5.15 / 5.95	15	865
12.50	12.10 / 13.30	47	2,109	230	7.85	6.95 / 8.10	44	594
10.00	10.10 / 10.50	101	2,011	235	9.95	9.25 / 10.25	29	2,942
7.45	7.30 / 8.20	175	3,155	240	12.59	11.75 / 13.40	20	713
5.85	5.50 / 6.45	140	772	245	15.66	14.95 / 16.75	1	287
4.51	4.35 / 5.00	273	2,404	250	—	18.30 / 20.40	—	291
3.28	3.05 / 3.80	123	2,230	255	24.07	22.10 / 24.60	1	469
2.47	2.29 / 2.84	233	3,280	260	—	26.20 / 28.75	—	172
1.89	1.74 / 2.11	135	1,129	265	—	30.55 / 33.55	—	120
1.38	1.43 / 1.50	24	1,216	270	36.01	35.05 / 37.90	2	682
1.06	0.97 / 1.17	56	2,836	275	40.31	39.55 / 42.70	2	135
0.80	0.58 / 0.92	34	2,509	280	—	44.55 / 47.55	—	159
0.66	0.45 / 0.71	6	1,474	285	—	49.10 / 52.45	—	65
0.56	0.39 / 0.57	3	434	290	52.90	54.25 / 57.40	21	45
A dash means the contract did not trade — not a price of zero.

How to read this chain

Calls sit on the left, puts on the right, and every row is one strike. The highlighted row is the strike closest to spot. Open interest is the number of contracts still outstanding at that strike — positions that exist right now. Volume is how many traded on the session shown. Open interest builds slowly and marks where positioning has accumulated; volume spikes and marks where attention went today.

Strikes with no open interest and no trades on either side are omitted, and the ladder is trimmed to within 25% of spot — the far wings are almost entirely empty and say nothing about positioning.

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Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.