International Business Machines (IBM) Options Chain

NYSE: IBMTechnologyComputer ManufacturingUSD

227.13+0.52 (+0.23%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jun 17, 2027
Days to expiration: 249
Share price: $227.13
Put/call ratio (OI): 1.00
Put/call ratio (volume): 1.29
ATM implied volatility: 38.5%
Expected move: ±$72.23
Open interest (C / P): 22.93K / 22.95K

IBM options summary

The IBM options chain for the June 17, 2027 expiration lists 62 call and 54 put contracts, with 249 days until expiration. Open interest stands at 22,928 calls and 22,952 puts, a put/call ratio of 1.00, which is fairly balanced between calls and puts. At-the-money implied volatility near the $225.00 strike is 38.5%, which implies the market expects a move of about ±$72.23 (31.8%) in International Business Machines stock by expiration.

The most open interest sits at the $280.00 call (2.86K contracts) and the $200.00 put (2.04K contracts).

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

IBM options chain · June 17, 2027

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
57	1	57.9%	116.00	116.05	119.25	110.00	0.42	1.54	0.67	54.1%	10	551
33	2	53.0%	106.81	110.80	113.95	115.00	0.03	1.10	0.91	47.8%	14	277
5	1	53.8%	110.50	106.10	109.60	120.00	0.41	1.10	1.17	45.2%	14	206
42	4	50.4%	103.20	101.35	104.50	125.00	0.53	2.00	1.30	48.5%	15	120
20	2	50.8%	100.20	97.00	100.20	130.00	0.62	2.15	1.53	46.5%	1	141
8	1	70.5%	94.20	100.90	103.65	135.00	0.92	2.45	2.13	45.3%	5	1,511
0	1	—	97.10	0.00	0.00	140.00	1.79	2.35	2.40	42.3%	1	726
3	3	62.2%	76.70	90.15	93.50	145.00	2.22	2.90	2.87	42.0%	2	312
92	2	46.0%	76.62	79.20	82.00	150.00	2.72	3.25	3.00	40.8%	1	311
16	1	45.6%	91.00	74.90	77.85	155.00	3.50	3.85	3.67	40.2%	1	226
26	1	45.0%	70.00	70.40	73.70	160.00	3.70	4.80	4.84	40.4%	9	760
71	3	43.0%	69.72	66.70	69.00	165.00	4.25	5.60	6.34	39.9%	5	320
0	5	—	79.00	0.00	0.00	170.00	5.10	6.55	6.90	39.5%	10	1,191
34	1	42.8%	59.03	58.55	61.55	175.00	6.25	7.55	7.25	39.0%	1	494
125	61	42.7%	58.30	55.20	58.00	180.00	8.10	8.70	7.90	38.5%	2	1,944
23	1	41.9%	54.75	51.20	54.20	185.00	8.35	10.35	9.76	38.8%	1	991
59	10	41.9%	45.19	48.20	50.95	190.00	10.95	11.70	11.20	38.3%	8	1,835
144	5	41.4%	44.60	44.95	47.55	195.00	11.70	13.35	14.00	38.1%	1	827
396	1	41.2%	38.95	41.85	44.45	200.00	13.50	16.00	15.14	39.2%	11	2,037
222	1	40.6%	38.00	39.00	41.25	205.00	15.30	18.05	18.50	39.1%	3	180
296	3	40.5%	35.30	36.30	38.45	210.00	17.60	19.95	19.00	38.5%	3	1,019
230	5	40.9%	30.50	32.95	36.15	215.00	20.45	21.50	20.81	37.3%	5	551
738	5	39.8%	32.00	30.30	32.95	220.00	22.00	23.90	22.85	37.2%	6	1,414
170	1	40.2%	29.85	28.05	30.95	225.00	24.95	26.30	25.85	36.8%	28	301
IBM $227.13
668	12	40.1%	27.23	26.35	28.70	230.00	27.90	29.20	31.85	36.9%	10	470
222	2	39.9%	25.47	23.80	26.50	235.00	29.90	32.25	32.85	37.0%	6	100
277	29	40.2%	23.25	21.80	24.85	240.00	33.50	35.20	34.37	36.9%	3	389
109	2	39.9%	21.82	20.55	22.80	245.00	36.15	38.15	38.95	36.5%	10	179
2,204	18	39.2%	20.00	19.25	20.65	250.00	39.65	41.60	42.20	36.7%	5	928
75	1	39.0%	18.30	16.60	18.90	255.00	42.35	44.50	40.55	35.9%	2	165
466	2	39.3%	16.90	15.30	17.65	260.00	46.15	48.55	49.70	36.5%	4	209
279	2	38.6%	15.42	14.55	15.85	265.00	0.00	0.00	50.40	—	13	0
2,046	28	39.8%	14.50	12.90	15.40	270.00	53.35	54.90	58.40	34.9%	25	585
157	1	39.3%	11.95	11.60	13.90	275.00	57.45	59.65	48.14	36.2%	10	24
2,860	4	38.7%	11.90	10.55	12.40	280.00	61.35	63.65	53.25	36.3%	11	903
1,360	9	40.2%	11.15	9.90	12.40	285.00	64.75	67.05	82.00	35.2%	—	1
886	17	40.2%	10.23	8.75	11.40	290.00	69.10	72.00	74.23	36.6%	25	160
54	18	39.0%	9.05	7.90	9.80	295.00	73.00	76.10	75.12	36.4%	10	14
2,160	6	38.8%	8.50	8.20	8.85	300.00	0.00	0.00	75.34	—	50	0
103	4	40.2%	8.00	6.65	8.95	305.00	—	—	—	—	—	—
2,721	6	38.8%	7.25	6.10	7.45	310.00	83.85	87.40	112.18	33.0%	1	118
145	2	39.9%	5.60	5.30	7.45	315.00	0.00	0.00	88.85	—	8	0
370	4	39.0%	6.05	4.80	6.40	320.00	92.35	95.50	110.25	30.3%	100	196
27	29	40.6%	5.80	4.55	6.65	325.00	93.65	95.65	105.70	—	—	16
196	2	40.4%	5.00	4.85	6.00	330.00	97.55	100.25	111.80	—	2	63
42	1	40.8%	4.45	3.85	5.70	335.00	—	—	—	—	—	—
224	1	41.9%	4.50	3.95	5.75	340.00	106.75	109.40	119.90	—	16	128
658	14	39.6%	3.85	2.85	4.00	350.00	123.30	126.55	129.95	38.8%	2	44
222	2	40.1%	4.45	2.65	3.55	360.00	0.00	0.00	127.15	—	20	0
120	1	41.6%	2.20	2.27	3.50	370.00	0.00	0.00	96.30	—	—	0
66	1	40.4%	2.24	2.05	2.61	380.00	0.00	0.00	149.60	—	2	0
61	2	41.4%	2.25	1.75	2.48	390.00	154.15	157.10	171.02	—	1	12
259	1	43.1%	1.79	1.64	2.55	400.00	172.35	175.50	169.02	43.5%	1	3
32	1	42.5%	2.00	1.17	2.05	410.00	0.00	0.00	123.85	—	—	0
86	2	42.7%	1.79	1.14	1.79	420.00	—	—	—	—	—	—
36	2	43.6%	1.37	0.71	1.71	430.00	—	—	—	—	—	—
32	5	46.1%	1.34	0.49	2.00	440.00	—	—	—	—	—	—
149	15	46.1%	1.12	0.49	1.75	450.00	221.50	224.75	217.75	46.8%	—	0
150	4	48.2%	1.65	0.25	1.97	460.00	—	—	—	—	—	—
233	10	44.8%	1.00	0.21	1.12	470.00	236.50	240.15	197.63	—	1	0
14	1	49.3%	0.86	0.01	1.74	480.00	—	—	—	—	—	—
349	1	46.7%	0.74	0.48	1.11	490.00	—	—	—	—	—	—

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 June 17, 2027 expiration, the IBM put/call ratio based on open interest is 1.00 (22,952 puts vs 22,928 calls), and 1.29 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 June 17, 2027 is about 38.5%, 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 18 listed expiration dates, from Oct 16, 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.