International Business Machines (IBM) Options Chain

NYSE: IBMTechnologyComputer ManufacturingUSD

226.61+6.10 (+2.77%)

At close: Oct 8, 4:00 PM ET · Delayed 15 min

After hours: 225.60 -0.45%

Expiration date

Expiration: Oct 9, 2026
Days to expiration: 1
Share price: $226.61
Put/call ratio (OI): 0.66
Put/call ratio (volume): 0.15
ATM implied volatility: 29.9%
Expected move: ±$3.54
Open interest (C / P): 16.80K / 11.13K

IBM options summary

The IBM options chain for the October 9, 2026 expiration lists 41 call and 36 put contracts, with 1 day until expiration. Open interest stands at 16,798 calls and 11,134 puts, a put/call ratio of 0.66, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $227.50 strike is 29.9%, which implies the market expects a move of about ±$3.54 (1.6%) in International Business Machines stock by expiration.

The most open interest sits at the $230.00 call (1.98K contracts) and the $210.00 put (2.17K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

IBM options chain · October 9, 2026

IBM calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
24	10	346.9%	100.62	105.10	108.30	120.00	—	—	—	—	—	—
23	69	475.0%	95.63	100.05	102.70	125.00	—	—	—	—	—	—
—	—	—	—	—	—	135.00	0.00	2.13	0.02	419.5%	15	4
14	60	228.9%	75.36	79.75	83.55	145.00	—	—	—	—	—	—
16	46	363.7%	74.47	75.10	77.95	150.00	0.00	2.13	0.03	346.1%	18	20
—	—	—	—	—	—	160.00	0.00	2.13	0.09	300.6%	1	67
—	—	—	—	—	—	165.00	0.00	2.13	0.02	278.5%	2	106
13	7	210.6%	54.15	54.95	57.00	170.00	0.00	2.13	0.05	257.0%	1	1
—	—	—	—	—	—	180.00	0.00	2.13	0.04	215.2%	2	11
—	—	—	—	—	—	185.00	0.00	2.13	0.09	194.8%	2	2
15	5	189.1%	33.87	34.75	38.05	190.00	0.00	2.13	1.40	174.6%	1	326
15	4	99.2%	29.15	30.05	33.40	195.00	0.00	0.28	0.27	102.2%	46	269
—	—	—	—	—	—	197.50	0.00	2.13	0.02	144.6%	1	22
61	5	81.5%	25.30	25.65	27.75	200.00	0.00	0.03	0.02	64.8%	14	524
—	—	—	—	—	—	202.50	0.00	0.33	0.03	82.2%	6	48
8	5	122.9%	19.19	20.10	22.95	205.00	0.00	0.10	0.05	61.9%	47	932
1	6	70.6%	17.06	18.10	20.55	207.50	0.00	0.06	0.06	51.6%	60	996
35	10	96.4%	16.00	14.80	17.75	210.00	0.01	0.02	0.01	43.0%	109	2,169
27	14	71.8%	11.25	12.75	14.75	212.50	0.01	0.05	0.01	42.2%	137	649
147	47	62.2%	11.10	10.65	12.25	215.00	0.02	0.03	0.02	33.0%	645	1,504
77	272	63.2%	9.55	7.75	10.20	217.50	0.03	0.06	0.05	29.9%	1,205	1,045
415	883	35.7%	6.75	5.60	7.00	220.00	0.11	0.14	0.14	27.1%	1,126	861
749	2,499	34.4%	4.61	4.10	4.90	222.50	0.35	0.42	0.39	26.6%	365	401
1,141	5,956	28.6%	2.44	2.50	2.82	225.00	0.89	1.10	0.98	26.9%	217	519
IBM $226.61
1,904	5,135	27.0%	1.35	1.24	1.40	227.50	1.93	2.67	2.34	32.8%	83	113
1,984	4,981	27.9%	0.61	0.56	0.65	230.00	3.00	4.85	3.63	42.1%	30	452
1,576	4,122	29.0%	0.27	0.26	0.28	232.50	5.25	7.65	7.95	59.6%	18	21
1,263	1,864	31.6%	0.14	0.10	0.14	235.00	7.40	9.75	10.90	63.4%	95	71
1,223	327	34.0%	0.06	0.04	0.07	237.50	9.90	12.30	17.75	74.6%	1	0
1,282	2,037	39.1%	0.04	0.02	0.06	240.00	12.40	14.80	18.93	84.3%	6	1
379	132	44.9%	0.07	0.02	0.06	242.50	—	—	—	—	—	—
1,045	28	52.9%	0.04	0.00	0.16	245.00	17.15	20.35	22.39	70.3%	8	0
163	6	54.7%	0.04	0.00	0.10	247.50	19.55	22.85	26.69	74.8%	1	0
841	474	51.6%	0.01	0.00	0.03	250.00	22.15	24.70	26.94	57.4%	21	0
123	40	72.7%	0.01	0.00	0.21	252.50	—	—	—	—	—	—
227	11	67.2%	0.01	0.00	0.07	255.00	27.15	29.90	21.15	81.3%	—	0
134	35	131.4%	0.01	0.00	2.08	257.50	—	—	—	—	—	—
596	25	89.8%	0.03	0.00	0.23	260.00	32.15	34.80	35.99	85.9%	26	0
53	1	153.2%	0.05	0.00	2.13	265.00	37.15	39.90	44.76	102.7%	2	0
138	5	78.1%	0.01	0.00	0.01	270.00	42.20	45.35	49.95	134.3%	4	0
445	10	118.4%	0.01	0.00	0.21	275.00	47.05	50.35	54.93	139.9%	44	0
218	6	124.2%	0.01	0.00	0.17	280.00	—	—	—	—	—	—
33	2	203.5%	0.01	0.00	2.13	285.00	—	—	—	—	—	—
8	3	106.3%	0.01	0.00	0.01	290.00	—	—	—	—	—	—
207	22	112.5%	0.03	0.00	0.01	295.00	—	—	—	—	—	—
66	1	138.3%	0.01	0.00	0.05	300.00	72.15	74.70	79.45	143.8%	8	0
103	96	125.0%	0.02	0.00	0.01	305.00	—	—	—	—	—	—
6	2	131.3%	0.01	0.00	0.01	310.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the IBM put/call ratio?

For the October 9, 2026 expiration, the IBM put/call ratio based on open interest is 0.66 (11,134 puts vs 16,798 calls), and 0.15 based on today's volume. A ratio above 1 means more puts than calls.

What is IBM's implied volatility?

At-the-money implied volatility for IBM options expiring October 9, 2026 is about 29.9%, an annualized estimate of how much the market expects International Business Machines stock to move.

How many IBM option expiration dates are there?

IBM has 19 listed expiration dates, from Oct 9, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.