IBM options flow

From the October 21, 2026 session tape · published after the close

IBM options traded $39.7M in premium across 1,705 prints on October 21, 2026: 59% in calls and 41% in puts, with 0% in contracts expiring that day. That was 369% of its average session over the prior 19.

$39.7M
Premium
59% / 41%
Calls / puts
0%
Same-day expiry
369%
vs average
19 sessions

IBM largest options trades, October 21, 2026

TimeContractSizePricePremium
14:56250P Nov 201,095$14.45$1.6M
14:56250C Nov 201,023$10.13$1.0M
16:00250C Nov 20834$11.63$970K
10:27250C Nov 201,009$8.82$890K
14:56252.5P Nov 20528$15.95$842K
14:03230P Jan 15700$9.61$673K
10:40250P Nov 20397$15.62$620K
16:00240P Oct 231,027$5.05$519K
12:02250P Jan 15218$18.80$410K
11:08250P Jan 15201$20.12$404K
16:00240C Oct 23286$14.04$402K
12:55242.5P Oct 23492$7.65$376K
12:55245P Oct 30368$9.76$359K
10:40240P Jan 15215$14.55$313K
16:00300C Nov 202,660$1.17$311K

The largest single IBM print was a 250 put expiring Nov 20 for $1.6M at 14:56 ET.

The busiest strikes by premium were 250 calls ($5.8M), 250 puts ($3.8M), 245 calls ($3.3M), 245 puts ($2.6M).

Last 20 sessions of IBM premium, calls vs puts: Oct 15 $8.4M (55% calls) · Oct 16 $11.9M (70% calls) · Oct 19 $13.2M (75% calls) · Oct 20 $18.3M (72% calls) · Oct 21 $39.7M (59% calls).

A large print is a trade, not a verdict: it can be a hedge, a close, or one leg of a spread. Read it next to where dealers are positioned, on the other IBM pages.

These are the October 20, 2026 closing numbers. Members see IBM's map move live all session.

Common questions

What was IBM's unusual options activity on October 21, 2026?

$39.7M in premium across 1,705 prints, 59% calls. The largest print was a 250 put for $1.6M.

Is IBM options flow bullish or bearish?

59% of premium was in calls. Premium alone does not show direction: buyers and sellers, hedges and spreads all print the same way.

Is this IBM options flow live?

No. This page shows the last completed session, published after the close. Members see the flow as it prints.

Compare: options flow on other tickers

Measured from the closing options book and rebuilt after every close. Nothing on this page is live. Levels are where dealer hedging is concentrated, not targets or forecasts. Not investment advice.