IBM Corp IBM
US equityMarket cap rank #75Information Technology ServicesArtificial IntelligenceCloud ComputingAI Chip
$245.00 −$2.11 (-0.85%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $245.70 +0.29%
Open$242.92
Prev close$247.11
Day range$240.35 – $246.34
Volume3.49M
Market cap$231.55B
P/E (TTM)20.9
Dividend yield2.75%
Average implied volatility across the listed chain right now: 45%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.
Open interest by strike
Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.
Implied volatility by strike
The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.
Calls
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 13 Nov 2026 | $245.00 | $3.91 | $3.65/$4.45 | 337 | 164 | 33% |
| 13 Nov 2026 | $242.50 | $5.25 | $4.95/$6.00 | 592 | 4 | 33% |
| 13 Nov 2026 | $247.50 | $3.05 | $2.69/$3.30 | 81 | 62 | 33% |
| 13 Nov 2026 | $240.00 | $6.78 | $6.40/$7.35 | 115 | 180 | 31% |
| 13 Nov 2026 | $250.00 | $1.98 | $1.98/$2.37 | 401 | 334 | 34% |
| 13 Nov 2026 | $237.50 | $12.18 | $8.10/$9.30 | 0 | 1 | 31% |
| 13 Nov 2026 | $252.50 | $1.55 | $1.43/$1.71 | 123 | 155 | 34% |
| 13 Nov 2026 | $235.00 | $10.58 | $9.75/$11.05 | 37 | 66 | 24% |
| 13 Nov 2026 | $255.00 | $0.95 | $0.97/$1.21 | 691 | 432 | 35% |
| 13 Nov 2026 | $232.50 | $10.45 | $11.90/$13.40 | 27 | 3 | 0% |
| 13 Nov 2026 | $257.50 | $0.83 | $0.66/$0.80 | 130 | 434 | 35% |
| 13 Nov 2026 | $230.00 | $15.70 | $13.95/$16.25 | 12 | 27 | 0% |
| 13 Nov 2026 | $260.00 | $0.53 | $0.48/$0.58 | 237 | 853 | 36% |
| 13 Nov 2026 | $227.50 | $14.70 | $16.40/$18.90 | 2 | 1 | 17% |
| 13 Nov 2026 | $262.50 | $0.46 | $0.33/$0.41 | 28 | 84 | 37% |
Puts
| Expiry | Strike | Last | Bid/Ask | Volume | Open interest | IV |
|---|---|---|---|---|---|---|
| 13 Nov 2026 | $245.00 | $5.34 | $5.45/$6.30 | 122 | 403 | 49% |
| 13 Nov 2026 | $242.50 | $4.41 | $4.25/$5.30 | 582 | 81 | 49% |
| 13 Nov 2026 | $247.50 | $7.25 | $6.90/$7.80 | 84 | 96 | 50% |
| 13 Nov 2026 | $240.00 | $3.43 | $3.40/$3.85 | 111 | 342 | 48% |
| 13 Nov 2026 | $250.00 | $8.55 | $8.30/$9.80 | 29 | 612 | 51% |
| 13 Nov 2026 | $237.50 | $2.79 | $2.49/$3.20 | 67 | 300 | 49% |
| 13 Nov 2026 | $252.50 | $10.35 | $10.40/$11.80 | 15 | 85 | 55% |
| 13 Nov 2026 | $235.00 | $2.01 | $1.89/$2.15 | 169 | 635 | 48% |
| 13 Nov 2026 | $255.00 | $13.10 | $11.90/$13.85 | 12 | 312 | 55% |
| 13 Nov 2026 | $232.50 | $1.57 | $1.40/$1.81 | 36 | 103 | 50% |
| 13 Nov 2026 | $257.50 | $15.80 | $14.05/$15.90 | 13 | 25 | 57% |
| 13 Nov 2026 | $230.00 | $1.20 | $1.03/$1.19 | 282 | 313 | 49% |
| 13 Nov 2026 | $260.00 | $18.17 | $16.70/$19.10 | 3 | 68 | 68% |
| 13 Nov 2026 | $227.50 | $0.87 | $0.75/$0.91 | 16 | 47 | 50% |
| 13 Nov 2026 | $262.50 | $17.37 | $18.30/$21.25 | 0 | 2 | 67% |
Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.
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