International Business Machines (IBM) Options Chain
NYSE: IBMTechnologyComputer ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pre-market: 227.69 +0.26%
Expiration date
- Expiration
- Dec 17, 2027
- Days to expiration
- 431
- Share price
- $227.13
- Put/call ratio (OI)
- 2.91
- Put/call ratio (volume)
- 0.36
- Expected move
- ±$0.4936
- Open interest (C / P)
- 65 / 189
IBM options summary
The IBM options chain for the December 17, 2027 expiration lists 62 call and 51 put contracts, with 431 days until expiration. Open interest stands at 65 calls and 189 puts, a put/call ratio of 2.91, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $225.00 strike is 0.2%, which implies the market expects a move of about ±$0.4936 (0.2%) in International Business Machines stock by expiration.
The most open interest sits at the $145.00 call (35 contracts) and the $340.00 put (101 contracts).
Summary generated from market data by MetaCap's automated system. Methodology
IBM options chain · December 17, 2027
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| 119.00 | 0.00 | 0.00 | 110.00 | 0.00 | 0.00 | 1.90 | |||||
| 111.50 | 0.00 | 0.00 | 115.00 | 0.00 | 0.00 | 2.30 | |||||
| 115.90 | 0.00 | 0.00 | 120.00 | 0.00 | 0.00 | 3.50 | |||||
| 115.70 | 0.00 | 0.00 | 125.00 | 0.00 | 0.00 | 3.50 | |||||
| 97.50 | 0.00 | 0.00 | 130.00 | 0.00 | 0.00 | 3.60 | |||||
| 93.50 | 0.00 | 0.00 | 135.00 | 0.00 | 0.00 | 4.28 | |||||
| 100.00 | 0.00 | 0.00 | 140.00 | 0.00 | 0.00 | 5.30 | |||||
| 82.40 | 93.00 | 97.50 | 145.00 | 0.00 | 0.00 | 5.65 | |||||
| 80.50 | 0.00 | 0.00 | 150.00 | 0.00 | 0.00 | 7.10 | |||||
| 87.00 | 87.80 | 90.70 | 155.00 | 0.00 | 0.00 | 8.35 | |||||
| 73.00 | 0.00 | 0.00 | 160.00 | 0.00 | 0.00 | 9.20 | |||||
| 70.20 | 0.00 | 0.00 | 165.00 | 0.00 | 0.00 | 9.70 | |||||
| 67.00 | 0.00 | 0.00 | 170.00 | 0.00 | 0.00 | 11.00 | |||||
| 73.00 | 0.00 | 0.00 | 175.00 | 0.00 | 0.00 | 12.35 | |||||
| 66.95 | 0.00 | 0.00 | 180.00 | 0.00 | 0.00 | 14.05 | |||||
| 67.50 | 0.00 | 0.00 | 185.00 | 0.00 | 0.00 | 15.85 | |||||
| 52.20 | 0.00 | 0.00 | 190.00 | 0.00 | 0.00 | 18.15 | |||||
| 49.45 | 0.00 | 0.00 | 195.00 | 0.00 | 0.00 | 20.00 | |||||
| 50.97 | 0.00 | 0.00 | 200.00 | 0.00 | 0.00 | 21.25 | |||||
| 46.50 | 0.00 | 0.00 | 205.00 | 0.00 | 0.00 | 24.05 | |||||
| 43.00 | 0.00 | 0.00 | 210.00 | 0.00 | 0.00 | 26.20 | |||||
| 40.70 | 0.00 | 0.00 | 215.00 | 0.00 | 0.00 | 30.28 | |||||
| 41.35 | 0.00 | 0.00 | 220.00 | 0.00 | 0.00 | 33.52 | |||||
| 41.00 | 0.00 | 0.00 | 225.00 | 0.00 | 0.00 | 34.75 | |||||
| 37.49 | 0.00 | 0.00 | 230.00 | 0.00 | 0.00 | 38.01 | |||||
| 33.77 | 0.00 | 0.00 | 235.00 | 0.00 | 0.00 | 41.70 | |||||
| 31.80 | 0.00 | 0.00 | 240.00 | 0.00 | 0.00 | 42.55 | |||||
| 28.15 | 0.00 | 0.00 | 245.00 | 0.00 | 0.00 | 46.20 | |||||
| 29.44 | 0.00 | 0.00 | 250.00 | 0.00 | 0.00 | 48.75 | |||||
| 26.31 | 0.00 | 0.00 | 255.00 | 0.00 | 0.00 | 52.05 | |||||
| 24.50 | 0.00 | 0.00 | 260.00 | 0.00 | 0.00 | 55.35 | |||||
| 30.15 | 0.00 | 0.00 | 265.00 | 51.50 | 54.20 | 73.30 | |||||
| 20.80 | 0.00 | 0.00 | 270.00 | 0.00 | 0.00 | 60.30 | |||||
| 22.15 | 0.00 | 0.00 | 275.00 | 0.00 | 0.00 | 62.75 | |||||
| 21.00 | 0.00 | 0.00 | 280.00 | 0.00 | 0.00 | 69.35 | |||||
| 18.00 | 0.00 | 0.00 | 285.00 | — | — | — | |||||
| 18.05 | 0.00 | 0.00 | 290.00 | 0.00 | 0.00 | 75.85 | |||||
| 17.60 | 0.00 | 0.00 | 295.00 | — | — | — | |||||
| 16.10 | 0.00 | 0.00 | 300.00 | 0.00 | 0.00 | 85.40 | |||||
| 22.85 | 0.00 | 0.00 | 305.00 | 86.10 | 88.50 | 106.60 | |||||
| 12.80 | 0.00 | 0.00 | 310.00 | 0.00 | 0.00 | 86.67 | |||||
| 19.90 | 0.00 | 0.00 | 315.00 | — | — | — | |||||
| 11.20 | 0.00 | 0.00 | 320.00 | 97.00 | 100.75 | 69.45 | |||||
| 16.90 | 0.00 | 0.00 | 325.00 | — | — | — | |||||
| 11.30 | 0.00 | 0.00 | 330.00 | 105.00 | 108.65 | 78.10 | |||||
| 13.75 | 0.00 | 0.00 | 335.00 | — | — | — | |||||
| 13.15 | 0.00 | 0.00 | 340.00 | 113.95 | 116.75 | 132.39 | |||||
| 7.35 | 0.00 | 0.00 | 350.00 | 0.00 | 0.00 | 130.40 | |||||
| 7.95 | 0.00 | 0.00 | 360.00 | 78.50 | 82.00 | 87.05 | |||||
| 7.74 | 0.00 | 0.00 | 370.00 | 90.00 | 93.00 | 82.10 | |||||
| 6.50 | 0.00 | 0.00 | 380.00 | 96.50 | 101.00 | 98.62 | |||||
| 10.15 | 0.00 | 0.00 | 390.00 | 105.95 | 107.50 | 95.00 | |||||
| 4.98 | 0.00 | 0.00 | 400.00 | 167.50 | 171.70 | 185.60 | |||||
| 8.99 | 0.00 | 0.00 | 410.00 | — | — | — | |||||
| 6.05 | 0.00 | 0.00 | 420.00 | — | — | — | |||||
| 5.60 | 0.00 | 0.00 | 430.00 | 196.50 | 200.55 | 219.30 | |||||
| 3.72 | 0.00 | 0.00 | 440.00 | — | — | — | |||||
| 3.12 | 0.00 | 0.00 | 450.00 | — | — | — | |||||
| 3.37 | 0.00 | 0.00 | 460.00 | 189.00 | 192.10 | 227.53 | |||||
| 2.96 | 0.00 | 0.00 | 470.00 | 236.50 | 241.00 | 183.45 | |||||
| 3.85 | 0.00 | 0.00 | 480.00 | — | — | — | |||||
| 2.46 | 0.00 | 0.00 | 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 December 17, 2027 expiration, the IBM put/call ratio based on open interest is 2.91 (189 puts vs 65 calls), and 0.36 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 December 17, 2027 is about 0.2%, 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 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.