IBM
International Business Machines CorporationThe price and the session change are a point-in-time snapshot taken at the time shown. The gamma levels run on a different clock: they are computed 2026-10-20 02:36 ET from the open interest carried on the option chain at that time and are not intraday values. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.
As of 2026-10-20 02:36 ET, SquawkFlow published IBM at $236.50 (+1.83% delayed, as of 2026-10-19 16:00 ET), net dealer gamma of $8.0M, a call wall at 240, a put wall at 215 and a zero-gamma flip at 230. The gamma figures are computed 2026-10-20 02:36 ET from the open interest carried on the option chain at that time; dealer positioning is an assumption, not an observable. Source: SquawkFlow, https://squawkflow.com/ticker/IBM.
MARKET SNAPSHOT
| Call Wall | 240 |
| Put Wall | 215 |
| GEX Flip | 230 |
| Swing Line | 230 |
| Net GEX | $8.0M |
Cached snapshot as of 2026-10-20 02:36 ET, live streaming data in the terminal.
IBM DEALER GAMMA BY STRIKE
Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.
Net gamma exposure at each strike near IBM's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.
Unit: USD of dealer gamma per 1 percent move in spot. A window of the IBM option chain, not the whole book: the 30 strikes nearest spot out of 60 seen, 220 contract rows spanning 2 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
All captured expirations. Chain as of .
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 200 | -$445.9K | $30.7K | -$476.6K | |
| 202.5 | -$46.9K | $3.1K | -$49.9K | |
| 205 | -$608.1K | $10.9K | -$619.0K | |
| 207.5 | -$86.0K | $1.4K | -$87.4K | |
| 210 | -$769.8K | $33.1K | -$802.9K | |
| 212.5 | -$70.1K | $24.3K | -$94.4K | |
| 215PUT WALL | -$1.3M | $75.3K | -$1.4M | |
| 217.5 | -$98.7K | $44.2K | -$142.9K | |
| 220 | -$680.9K | $196.2K | -$877.1K | |
| 222.5 | -$161.1K | $46.9K | -$208.0K | |
| 225 | -$212.0K | $560.9K | -$772.9K | |
| 227.5 | -$19.7K | $135.1K | -$154.8K | |
| 230GEX FLIP | $675.8K | $1.1M | -$406.6K | |
| 232.5 | $627.3K | $956.2K | -$328.9K | |
| 235 | $2.5M | $2.7M | -$263.3K | |
| 237.5SPOT | $259.2K | $274.6K | -$15.5K | |
| 240CALL WALL | $2.3M | $2.6M | -$282.0K | |
| 242.5 | $604.2K | $614.5K | -$10.3K | |
| 245 | $896.3K | $1.0M | -$144.4K | |
| 247.5 | $357.3K | $397.6K | -$40.3K | |
| 250 | $2.0M | $2.2M | -$205.1K | |
| 252.5 | $149.1K | $157.6K | -$8.5K | |
| 255 | $557.2K | $565.7K | -$8.4K | |
| 257.5 | $233.4K | $233.4K | $0 | |
| 260 | $627.1K | $632.9K | -$5.8K | |
| 262.5 | $51.3K | $51.3K | $0 | |
| 265 | $302.2K | $303.7K | -$1.6K | |
| 267.5 | $12.9K | $12.9K | $0 | |
| 270 | $352.8K | $353.7K | -$891 | |
| 272.5 | $6.2K | $6.2K | $0 |
These levels were captured October 20, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.
ABOUT IBM
International Business Machines Corporation is listed on the NYSE under the symbol IBM. Its SEC filings list its industry as computer and office equipment. Its business address on file with the SEC is in Armonk, NY.
WHY TRACK IBM ON SQUAWKFLOW
IBM has an active listed options market. This page computes IBM dealer gamma by strike from its listed options chain, with the call wall, the put wall and the Flip Line. The chain behind these figures refreshes a few times each session, and every reading carries the time of the chain it came from.
IBM DATA ON SQUAWKFLOW
Options Flow
IBM options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last IBM price, change, volume, and the current dealer-gamma regime
GEX Dashboard
IBM gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of IBM market microstructure in real time
News Sentiment
IBM news with AI sentiment scoring and impact analysis
Sector Context
Technology sector rotation and relative strength vs peers
Track IBM in the Terminal
Options flow, per-strike dealer gamma, key levels, and AI narration, free.
Open Terminal →LEARN MORE
A practical guide to reading dealer positioning data and understanding how market maker flows affect price action.
Sweeps vs Blocks in Options Trading: What is the Difference?Understanding the difference between sweep orders and block trades in options flow and why it matters.
What is Gamma Exposure (GEX)? A Complete GuideUnderstanding gamma exposure: how it is calculated, and how modelled dealer hedging is read as damping or amplifying moves.
Zero DTE (0DTE) Options Trading: Strategy and RiskEverything you need to know about trading zero days to expiration options, including strategies, risks, and why they dominate modern markets.