IBM Options Chain, Open Interest, and Volatility Data

IBM Options Open Interest & Strategy Insights

IBM – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
300	20268	15644	35912
280	14716	9278	23994
270	10532	12700	23232
285	11033	11008	22041
290	13417	8511	21928
310	13102	6262	19364
260	9131	9638	18769
295	13394	5296	18690
250	6009	12182	18191
320	15687	540	16227

IBM – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.74	0.74	40.27%	39.87%	-0.40%

Data Analysis

Symbol: IBM Current Price: 306.77
Max Pain: 290.00 (above)

📌 Absolute OI Peak: 300.00 (35912 contracts)
🛡️ Short-term Key Levels: 295.00（18690 contracts，major support） , 290.00（21928 contracts，major support） , 285.00（22041 contracts，major support）

📈 Put/Call OI Ratio: 0.74 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.74 (bullish, Call volume dominant)

📊 Avg Call IV: 40.27%
Avg Put IV: 39.87%
IV Skew: -0.40% (Call and Put IV are close, neutral expectation)

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	4208	1925	23968	0.457	Moderate Bullish 📈 (70)
2025-11-14	971	596	9063	0.614	Slight Bullish 📈 (60)
2025-11-21	2102	1365	68361	0.649	Moderate Bullish 📈 (65)
2025-11-28	470	326	2247	0.694	Slight Bullish 📈 (60)
2025-12-05	84	1822	611	21.690	Moderate Bearish 📉 (30) ⚠️
2025-12-12	34	155	249	4.559	Moderate Bearish 📉 (30) ⚠️
2025-12-19	878	1096	38121	1.248	Slight Bearish 📉 (40)
2026-01-16	540	1037	59987	1.920	Strong Bearish 📉💥 (15)
2026-03-20	319	473	26332	1.483	Slight Bearish 📉 (40)
2026-04-17	244	173	6108	0.709	Slight Bullish 📈 (60)
2026-05-15	168	116	2642	0.690	Slight Bullish 📈 (60)
2026-06-18	112	216	19771	1.929	Moderate Bearish 📉 (30)
2026-09-18	142	71	9037	0.500	Slight Bullish 📈 (60)
2026-12-18	41	24	830	0.585	Slight Bullish 📈 (60)
2027-01-15	85	283	23051	3.329	Moderate Bearish 📉 (30) ⚠️
2027-12-17	39	431	4158	11.051	Moderate Bearish 📉 (30) ⚠️
2028-01-21	261	135	1910	0.517	Slight Bullish 📈 (60)
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.