International Business Machines Corp
International Business Machines Corp (IBM) Covered Calls
As of September 25, 2026, IBM has 506 covered call opportunities in the coming three months. Return ranges from 2.2 to 121.4% until expiration. Annualized return ranges from 10.7 to 971.1%. The nearest expiration is October 2, 2026. Maximum potential profit is $27,374.
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Running IBM covered calls helps you generate consistent income from International Business Machines Corp's shares you already own, turning a long stock position into a yield-producing asset. A covered call on International Business Machines Corp involves holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike price. Use our scanner to find the best IBM covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.
A covered call is one of the most widely used options strategies because it pairs limited risk with a clear income profile: if IBM stays below the strike at expiration, you keep the premium and the shares; if it rises above, you deliver the stock at the strike and still pocket the premium. Selling IBM covered calls works best when implied volatility is elevated, since richer premiums improve the risk-reward. Key inputs to evaluate include strike selection relative to delta, days to expiration, annualized return, and the probability of assignment — all of which determine whether a given International Business Machines Corp covered call is worth writing.
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients' mission-critical and on-premise workloads in banking, airlines, and retail industries.
The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients' mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
Income-focused investors, long-term IBM holders, and systematic premium sellers all face the same challenge: finding the covered call strike and expiry that balances yield against the risk of being called away. Our scanner ranks covered calls by annualized return, downside protection, and probability of profit, so selling IBM covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best International Business Machines Corp covered calls come to you, already filtered for the metrics that matter.
Stock Statistics
- IndustryInformation Technology Services
- SectorTechnology
- IV percentile81.35% Elevated
- Market cap (M$)212,461
- 52 weeks high-32.17%
- 52 weeks low13.21%
- Analyst recommendationBuy
2.18 - Target price$245.76
11.37% above the current stock price - Dividend—
- Payout ratio60.09%
- Earnings date2026-10-21
- P/E20.02
- Future P/E17.15
- EPS (ttm)11.27
- EPS growth next 5 years7.38%
As of September 25, 2026
| 2026-10-02 | 7 | 267.50 | 18.62 | 0.01 | 0.24 | 4200.00 | 18.62 | 971.13 | -0.00 | +0.02 | 10 | 0.23 |
| 2026-10-02 | 7 | 265.00 | 17.51 | 0.02 | 0.03 | 3951.00 | 17.52 | 913.56 | -0.01 | +0.01 | 355 | 0.01 |
| 2026-10-16 | 21 | 335.00 | 48.55 | 0.02 | 0.05 | 10951.00 | 48.56 | 844.04 | -0.01 | +0.00 | 370 | 0.03 |
| 2026-10-16 | 21 | 330.00 | 46.33 | 0.01 | 0.23 | 10450.00 | 46.34 | 805.42 | -0.00 | +0.01 | 461 | 0.22 |
| 2026-10-02 | 7 | 260.00 | 15.29 | 0.02 | 0.21 | 3451.00 | 15.30 | 797.95 | -0.01 | +0.02 | 1,055 | 0.19 |
| 2026-10-16 | 21 | 325.00 | 44.12 | 0.02 | 0.08 | 9951.00 | 44.13 | 766.96 | -0.01 | +0.01 | 211 | 0.06 |
| 2026-10-16 | 21 | 320.00 | 41.90 | 0.01 | 0.26 | 9450.00 | 41.91 | 728.35 | -0.00 | +0.01 | 410 | 0.25 |
| 2026-10-16 | 21 | 315.00 | 39.68 | 0.01 | 0.11 | 8950.00 | 39.69 | 689.81 | -0.00 | +0.01 | 338 | 0.10 |
| 2026-10-16 | 21 | 310.00 | 37.47 | 0.02 | 0.06 | 8451.00 | 37.48 | 651.35 | -0.01 | +0.00 | 742 | 0.04 |
| 2026-10-09 | 14 | 280.00 | 24.16 | 0.01 | 0.25 | 5450.00 | 24.17 | 630.08 | -0.00 | +0.02 | 226 | 0.24 |
As of September 25, 2026
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