18.43K calls and 7.62K puts traded on Nov 4, 2026, 26.04K contracts in total. Open interest was 556.39K contracts. Over the past 30 days, volume averaged 45.3K contracts per day. The IBM option volume chart shows volume by strike and expiration date.

International Business Machines IV rank is 27, so its 30-day implied volatility of 33.6% is in the lower part of its one-year range. Over the past year it ranged from 22.8% on Dec 24, 2025 to 62.0% on Jun 1, 2026. See the IBM implied volatility history for a longer view.

The International Business Machines put/call volume ratio was 0.41 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.82. The IBM open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for International Business Machines options about one week from expiration was $250.00, 1.7% below the $254.37 close. The IBM max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 37.5%, options price a move of about ±$13.20 (±5.2%) over the next week, a range of roughly $241.17 to $267.57 from the Nov 4, 2026 close. The IBM expected move chart shows it for every expiration date.