Options Skew Analytics

AAP option chain

Strikes around the forward, as they were quoted at the close

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 60.40%±2.93skew +1.08
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
78$5.90$7.10—$40.00—————
60$4.80$6.70—$40.50—————
272$4.90$6.10—$41.00—————
10$3.90$5.90—$41.50—————
17$3.60$5.30—$42.00—————
412$3.10$4.20—$43.00—————
—————$43.5061.06%$0.20$0.3052
2525$2.30$3.40—$44.00—————
01$2.05$2.70—$44.5059.58%$0.40$0.50115
2052$1.80$2.05—$45.0060.93%$0.55$0.7094
63$1.45$1.70—$45.50—————
2225$1.20$1.45—$46.0059.37%$0.90$1.104316
3714$0.95$1.2060.53%$46.50—$1.15$1.401010
4940$0.75$0.9559.92%$47.00—$1.40$1.65140
1412$0.55$0.8060.23%$47.50—$1.80$2.0010
2959$0.40$0.6560.27%$48.00—$2.15$2.4020
722$0.30$0.4558.49%$48.50—————
3574$0.20$0.3056.20%$49.00—————
20$0.20$0.2560.33%$49.50—$2.70$4.4040
—————$51.00—$4.10$5.8010
—————$52.00—$5.00$7.1070

Forward $46.30. The 25-delta put carries +1.08 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 51.11%±4.10skew -3.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
014$7.30$9.70—$37.50—————
073$5.00$7.40—$40.00—————
—————$41.0058.19%$0.20$0.30131
—————$42.0056.69%$0.30$0.45201
327$3.80$4.90—$42.5054.48%$0.35$0.501441
—————$43.0053.02%$0.40$0.6070
310$2.85$4.10—$43.5052.07%$0.50$0.7090
06$2.85$3.40—$44.0052.36%$0.65$0.85423,581
01$2.60$2.90—$44.5051.85%$0.80$1.0083
6135$2.30$2.60—$45.0050.62%$0.90$1.201040
08$2.00$2.25—$45.5051.13%$1.15$1.402210
014$1.70$2.05—$46.0050.06%$1.30$1.65280
39$1.35$1.7051.36%$46.50—$1.60$1.95350
529$1.30$1.5054.26%$47.00—$1.90$2.2070
0135$1.05$1.3053.32%$47.50—$2.05$2.50843,571
1219$0.95$1.2055.76%$48.00—————
3—$0.70$1.0554.26%$48.50—$2.90$3.20—0
1011$0.65$0.8554.67%$49.00—$3.20$3.6030
0—$0.50$0.8055.42%$49.50—$3.20$4.70—0
27510$0.45$0.6054.58%$50.00—$3.40$4.6032
213$0.30$0.4555.34%$51.00—$4.50$6.2020

Forward $46.25. The 25-delta put carries -3.35 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 47.61%±4.92skew +2.56
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$4.90$6.80—$41.00—————
0—$4.10$6.40—$41.50—————
02$4.20$6.20—$42.00—————
0—$3.70$5.50—$42.50—————
01$2.95$4.80—$43.0051.92%$0.60$0.9013
0—$2.70$4.30—$43.5050.71%$0.70$1.00—0
05$3.20$3.60—$44.0048.43%$0.70$1.1561
0—$2.80$3.40—$44.5050.63%$1.00$1.35—1
1421$2.65$2.95—$45.0050.20%$1.20$1.5051
0—$2.20$2.75—$45.5049.94%$1.40$1.70—0
1034$2.05$2.40—$46.0049.83%$1.60$1.9520
0—$1.80$2.30—$46.5049.25%$1.85$2.15—0
010$1.50$1.9546.96%$47.00—$2.15$2.6520
0—$1.40$1.7047.84%$47.50—$2.40$2.75—0
06$1.15$1.6048.27%$48.00—$2.80$3.3020
0—$1.05$1.3047.60%$48.50—$3.00$3.50—0
06$0.85$1.2548.42%$49.00—$3.30$4.0010
1—$0.70$1.0547.47%$49.50—$3.90$4.10—0
15161$0.60$0.9548.15%$50.00—$3.80$4.7010
02$0.45$0.7549.23%$51.00—————
1061$0.35$0.5048.80%$52.00—$5.00$7.1020

Forward $46.55. The 25-delta put carries +2.56 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 48.37%±5.88skew +0.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$4.40$6.90—$41.0050.42%$0.45$0.60120
40$4.00$4.80—$43.0048.91%$0.85$1.0530
30$3.50$3.90—$44.0047.75%$1.10$1.3511
13812$2.95$3.30—$45.00—————
15811$2.40$2.75—$46.0048.42%$1.90$2.3011
213$1.90$2.3048.36%$47.00—————
41$1.50$1.9048.49%$48.00—————
21$1.15$1.5548.36%$49.00—————
67$0.95$1.2549.22%$50.00—————
32$0.70$0.9548.29%$51.00—————
22$0.30$0.5049.69%$54.00—————

Forward $46.48. The 25-delta put carries +0.62 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 47.56%±7.25skew +0.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
040$19.60$23.20—$25.00—————
35$14.90$18.20—$30.00—————
020$12.40$14.80—$32.50—————
04$10.40$12.60—$35.00—————
012$8.40$10.10—$37.5050.60%$0.25$0.3540625
085$6.30$7.20—$40.0049.19%$0.55$0.7050517
0140$5.00$5.60—$42.5047.81%$1.05$1.301971
23820$3.50$4.00—$45.0047.00%$1.90$2.202904
3135$2.25$2.7547.58%$47.50—$3.10$3.60250
22913$1.40$1.7046.62%$50.00—$4.80$5.20920
10110$0.85$1.1047.35%$52.50—$6.80$7.10160
3160$0.50$0.7048.06%$55.00—$8.40$10.60170
7136$0.30$0.4549.16%$57.50—$10.50$13.00510
—————$60.00—$12.90$15.1030
—————$62.50—$15.50$17.8010
—————$65.00—$16.80$20.4010

Forward $46.65. The 25-delta put carries +0.46 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 42.43%±8.43skew +1.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
066$28.60$29.30—$17.50—————
054$24.70$27.50—$20.00—————
042$22.30$25.90—$22.50—————
0113$20.00$22.70—$25.00—————
044$17.20$21.00—$27.50—————
0227$15.00$17.40—$30.00—————
0123$12.60$15.00—$32.5052.01%$0.15$0.259791
0276$10.30$12.70—$35.0049.08%$0.30$0.407590
4195$8.50$10.30—$37.5047.11%$0.55$0.7084137
0453$6.30$7.90—$40.0045.58%$1.00$1.1546937
0375$4.70$6.50—$42.5045.02%$1.65$1.9513911
44555$4.10$4.40—$45.0043.55%$2.55$2.901,1235
0408$2.50$3.2042.40%$47.50—$3.70$4.20520
13742$2.00$2.2544.60%$50.00—$5.20$5.901560
0109$1.20$1.6043.76%$52.50—$6.90$7.70240
1797$0.85$1.1044.59%$55.00—$8.80$10.901660
5202$0.60$0.8045.88%$57.50—$10.90$13.201380
—————$60.00—$13.30$15.602560
—————$62.50—$15.60$18.00560
—————$65.00—$18.00$20.40210
—————$67.50—$20.50$22.80480

Forward $46.39. The 25-delta put carries +1.26 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 49.40%±13.75skew +0.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
019$22.60$25.80—$22.50—————
—————$27.5056.66%$0.25$0.3512417
013$15.50$17.90—$30.0055.10%$0.45$0.551471
09$13.70$15.80—$32.5055.39%$0.70$1.05300
04$12.10$13.90—$35.0051.98%$1.00$1.351981
010$9.80$11.70—$37.5051.91%$1.65$1.952920
026$8.40$10.00—$40.0051.23%$2.30$2.804791
0172$6.90$8.40—$42.5050.32%$3.20$3.704320
086$5.60$6.70—$45.0049.66%$4.20$4.902010
560$4.40$5.5048.76%$47.50—$5.50$6.10630
1139$3.80$4.5050.08%$50.00—$6.90$7.70490
1561$3.00$3.7050.00%$52.50—$8.60$9.30370
1197$2.30$3.0049.56%$55.00—$10.40$12.30130
09$1.85$2.4549.94%$57.50—$12.30$14.40130
099$1.45$2.0550.39%$60.00—$14.30$16.004020
066$1.15$1.7050.82%$62.50—$16.40$18.8030
142$0.95$1.4551.77%$65.00—$18.50$21.0080
—————$70.00—$23.00$25.6050

Forward $46.64. The 25-delta put carries +0.84 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 52.18%±18.95skew +1.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$25.0059.26%$0.45$0.75200
01$18.60$20.90—$27.5057.43%$0.70$1.059580
09$16.30$18.80—$30.0056.39%$1.05$1.501460
08$14.40$16.90—$32.50—————
—————$35.0054.90%$2.10$2.801,2650
05$11.10$13.30—$37.5054.18%$2.75$3.701690
013$10.10$11.70—$40.0053.64%$3.70$4.60620
025$8.40$10.20—$42.5053.82%$4.80$5.80700
08$7.70$9.10—$45.0053.33%$5.90$7.10760
012$6.30$7.9052.67%$47.50—$7.00$8.60310
040$5.40$6.8052.16%$50.00—$8.40$10.2090
070$4.60$6.0052.26%$52.50—$10.00$11.9010
079$3.90$5.1051.64%$55.00—$11.80$13.6020
215$3.40$4.4051.80%$57.50—————
024$2.90$3.9052.11%$60.00—$15.60$17.5010
022$2.45$3.5052.47%$62.50—————
082$2.10$2.9051.90%$65.00—————
0144$1.80$2.6052.36%$67.50—————
0124$1.65$2.3053.12%$70.00—$23.60$26.2080
016$1.15$1.7552.85%$75.00—————
06$0.85$1.4053.43%$80.00—————

Forward $46.78. The 25-delta put carries +1.82 volatility points over the 25-delta call.

How to read this

Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.

Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.

Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.