Options Skew Analytics

ADBE option chain

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

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 47.24%±15.70skew +2.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
171$24.45$27.45—$215.0052.18%$0.39$0.5210158
—————$217.5051.37%$0.53$0.7089
54$19.65$21.55—$220.0050.94%$0.78$0.91120357
770$17.00$19.60—$222.5050.25%$1.03$1.227350
811$15.05$17.00—$225.0049.49%$1.36$1.59292120
181$13.20$15.90—$227.5048.86%$1.78$2.0750145
424$11.55$13.05—$230.0048.64%$2.39$2.66309112
01$10.15$11.10—$232.5047.87%$2.98$3.409549
1315$8.50$9.50—$235.0047.61%$3.90$4.2014688
122$7.00$7.90—$237.5047.47%$4.75$5.409297
9747$5.80$6.80—$240.0047.46%$5.95$6.60135206
1954$4.55$5.3045.67%$242.50—$7.30$8.054760
9847$3.80$4.1545.90%$245.00—$8.85$9.851,43232
10825$2.93$3.3045.64%$247.50—$10.45$11.552634
542178$2.41$2.5746.22%$250.00—$12.10$13.30142150
70104$1.81$2.0046.07%$252.50—$13.45$15.7014543
563232$1.23$1.5245.23%$255.00—$15.80$17.4510125
3652$0.89$1.2045.55%$257.50—$17.45$20.2021
247719$0.73$0.8846.14%$260.00—$17.25$22.701157
40270$0.51$0.6546.02%$262.50—$19.60$24.25140
2731,035$0.42$0.4846.81%$265.00—$21.95$27.205242

Forward $240.03. The 25-delta put carries +2.42 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 46.02%±21.64skew +2.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
066$25.05$28.60—$215.0050.28%$1.40$1.532,611118
0372$20.75$24.35—$220.0048.90%$2.05$2.251,679118
02$18.85$22.30—$222.5048.95%$2.54$2.829917
0109$17.40$20.40—$225.0048.30%$3.00$3.4093046
04$15.60$17.05—$227.5047.65%$3.50$4.1010214
50334$14.00$15.55—$230.0047.69%$4.35$4.852,929176
623$12.20$13.35—$232.5047.25%$5.15$5.7018916
238260$10.90$11.80—$235.0046.94%$6.05$6.7080458
200$9.50$10.55—$237.5046.70%$7.10$7.806510
19944$8.30$9.20—$240.0046.40%$8.25$9.001,48260
612$7.10$7.8045.61%$242.50—$9.50$10.4027850
48293$6.10$6.8045.82%$245.00—$10.80$11.851,52867
32142$5.15$5.7545.43%$247.50—$12.55$13.4517428
1081,326$4.35$4.9045.42%$250.00—$13.95$15.151,06036
11175$3.65$4.1545.41%$252.50—$16.05$17.001198
871,440$3.05$3.4045.13%$255.00—$17.35$19.406158
6669$2.45$2.9445.23%$257.50—$18.60$21.15871
1815,130$2.10$2.4145.44%$260.00—$21.55$23.151,012139
1667$1.70$2.0045.41%$262.50—$22.65$25.901000
731,522$1.40$1.6045.31%$265.00—$25.45$27.8058226
—————$267.50—$25.95$30.151070

Forward $240.13. The 25-delta put carries +2.52 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 44.23%±25.51skew +3.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$58.80$64.35—$180.00—————
02$39.20$42.95—$200.00—————
01$34.45$38.30—$205.00—————
02$30.30$33.85—$210.0047.59%$1.35$1.603042
02$25.55$29.50—$215.0045.97%$1.80$2.25744
03$21.80$25.40—$220.0046.09%$2.80$3.2514634
—————$225.0046.13%$4.15$4.509418
015$14.85$17.95—$230.0045.34%$5.55$6.0518310
522$12.25$14.85—$235.0044.80%$7.30$8.052049
612$9.70$11.25—$240.0044.71%$9.60$10.459813
457$7.50$8.2543.09%$245.00—$12.15$13.25673
43110$5.65$6.3042.85%$250.00—$15.35$16.90551
1097$4.15$4.6542.44%$255.00—$18.80$20.45164
2278$2.99$3.4042.26%$260.00—$19.95$24.30741
1982$2.13$2.4942.35%$265.00—$26.15$28.8050
1082$1.60$1.9543.46%$270.00—$30.10$33.00260
20191$1.05$1.6044.17%$275.00—$32.75$37.5520
11110$0.77$1.1144.34%$280.00—$39.40$42.5570
—————$285.00—$41.95$47.0010

Forward $240.45. The 25-delta put carries +3.87 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 45.44%±30.34skew +4.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$195.0048.81%$0.56$0.9022
01$40.05$43.70—$200.0048.38%$1.00$1.1878
01$35.50$39.15—$205.0047.97%$1.43$1.74164
01$31.15$34.80—$210.0046.85%$1.83$2.462811
—————$215.0046.58%$2.77$3.25425
62$23.20$26.80—$220.0046.24%$3.85$4.35121106
01$20.15$22.75—$225.0046.09%$5.20$5.804447
01$16.75$19.45—$230.0045.73%$6.80$7.504215
24$13.70$16.65—$235.0045.42%$8.75$9.503811
2373$11.25$13.85—$240.0045.39%$11.10$11.90572
511$9.05$11.5545.48%$245.00—$13.80$14.605418
345$7.15$8.2542.99%$250.00—$16.55$17.902813
731$5.55$6.2042.19%$255.00—$19.40$21.50411
1018$4.20$4.7541.87%$260.00—$23.75$25.25342
24111$3.15$3.6041.71%$265.00—$26.85$29.1593
1648$2.30$2.7141.55%$270.00—$28.60$33.5520
18171$1.65$2.1441.84%$275.00—$35.05$37.9563
1958$1.32$1.6942.77%$280.00—————
242$0.98$1.3143.19%$285.00—$42.20$47.7510
1549$0.73$1.1644.44%$290.00—$47.00$52.70200

Forward $241.05. The 25-delta put carries +4.22 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 50.72%±37.87skew +3.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$195.0056.19%$1.81$2.2226
20$41.95$45.50—$200.0055.56%$2.28$3.00697
20$37.55$41.40—$205.0056.16%$3.25$4.0003
40$33.70$37.50—$210.0053.44%$3.20$5.15108
160$29.95$33.70—$215.0054.30%$4.95$6.25280
121$26.60$28.85—$220.0054.16%$6.55$7.55962
11$23.20$26.75—$225.0053.49%$8.00$9.20681
021$20.05$22.55—$230.0052.55%$9.55$11.0570
10$16.95$19.85—$235.0054.52%$11.85$14.30206
01$14.85$17.75—$240.0053.15%$14.55$15.75249
1319$12.60$13.9050.49%$245.00—$15.85$19.45383
824$10.75$11.5550.18%$250.00—$19.90$21.352112
1243$8.80$9.8049.89%$255.00—$22.90$25.05170
312$7.25$8.8050.84%$260.00—$25.15$28.6510
34$6.05$7.1050.41%$265.00—————
1192$4.40$6.7550.99%$270.00—————
196$4.05$4.8550.34%$275.00—————
1527$3.25$4.1050.55%$280.00—$41.45$44.4003
75$2.45$3.8551.44%$285.00—————
29$2.05$3.0551.38%$290.00—————
319$1.23$1.8050.25%$300.00—————

Forward $241.15. The 25-delta put carries +3.17 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 50.38%±41.19skew +3.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0177$51.25$54.75—$190.0055.03%$1.79$2.022,468218
0119$46.85$50.35—$195.0054.44%$2.34$2.628747
3340$42.20$46.05—$200.0054.37%$3.10$3.451,74841
24$38.55$41.95—$205.0053.60%$3.90$4.302104
22,445$34.65$37.95—$210.0053.14%$4.90$5.403,93716
222$30.95$34.35—$215.0052.83%$6.15$6.7035872
14161$27.80$30.25—$220.0052.13%$7.40$8.201,43383
847$24.50$27.50—$225.0052.02%$9.25$9.855009
8378$21.45$24.55—$230.0051.31%$10.90$11.801,82240
0136$18.60$21.40—$235.0051.07%$13.00$14.0574621
133,259$16.25$18.05—$240.0051.40%$15.40$16.853,545155
64319$13.90$15.2050.32%$245.00—$17.90$19.5526719
4165,867$11.95$12.8549.90%$250.00—$20.65$22.104,31414
38419$10.15$10.8549.55%$255.00—$24.05$25.752730
1403,205$8.55$9.2049.39%$260.00—$27.25$28.801,7500
22313$7.25$7.8049.49%$265.00—$31.00$32.351400
1191,789$5.95$6.5549.20%$270.00—$34.45$36.408754
115453$4.90$5.5049.11%$275.00—$36.30$40.55180
1051,514$4.05$4.5549.02%$280.00—$40.30$44.705500
194315$3.35$4.2050.05%$285.00—$43.95$48.9570
1633,147$2.71$3.1549.05%$290.00—$48.15$53.555530

Forward $241.03. The 25-delta put carries +3.72 volatility points over the 25-delta call.

2026-12-24(48 days)ATM 50.66%±44.21skew +1.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$84.45$90.05—$155.00—————
0—$79.50$85.20—$160.00—————
0—$74.35$79.95—$165.00—————
0—$69.95$75.20—$170.00—————
0—$64.85$70.50—$175.00—————
—————$205.0052.04%$3.95$5.2001
—————$210.0052.77%$5.05$6.9011
—————$220.0051.17%$7.80$9.4001
—————$235.0050.15%$13.35$15.6011
70$16.70$18.80—$240.0050.45%$15.85$18.3507
21$14.65$16.5550.66%$245.00—————
291$12.40$14.2549.88%$250.00—$21.45$23.4512
640$10.70$12.3549.87%$255.00—————
20$9.10$10.9050.09%$260.00—————
10$7.65$9.2049.58%$265.00—————
100$6.50$8.1550.05%$270.00—————
20$5.45$6.7549.57%$275.00—————
22$4.45$5.6049.04%$280.00—————
20$3.80$5.8051.41%$285.00—————
10$2.99$4.7550.55%$290.00—————
—————$325.00—$81.90$89.15—0

Forward $240.65. The 25-delta put carries +1.61 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 47.75%±50.53skew +1.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
037$53.30$56.95—$190.0049.93%$2.86$3.503,5289
029$49.10$52.80—$195.0051.40%$3.60$5.208920
1487$45.30$47.75—$200.0049.31%$4.60$5.251,8839
025$41.10$44.80—$205.0048.75%$5.55$6.3539910
01,204$37.50$41.00—$210.0048.35%$6.65$7.702,0033
071$34.35$37.55—$215.0048.19%$8.25$9.056389
1341$31.00$33.40—$220.0048.06%$9.95$10.702,40111
1168$27.90$31.05—$225.0047.74%$11.65$12.601,04318
21399$25.10$26.75—$230.0047.63%$13.70$14.701,94917
78162$22.35$23.90—$235.0047.09%$15.60$17.0061513
811,260$19.85$21.35—$240.0047.46%$18.40$19.551,15114
103511$18.00$19.0047.80%$245.00—$20.90$22.2039812
561,450$15.75$16.9547.56%$250.00—$23.80$25.505,5282
14666$13.70$14.6546.82%$255.00—$26.35$28.258322
571,102$11.95$13.0546.85%$260.00—$29.95$31.852,1221
16449$10.30$11.9547.22%$265.00—$33.00$35.551,3870
201,936$9.00$10.0046.54%$270.00—$35.70$39.055818
21,185$7.75$9.7547.81%$275.00—$40.75$42.651960
31902$6.75$7.5046.31%$280.00—$43.90$46.651,3143
2924$5.80$6.7046.54%$285.00—$46.55$50.701370
12850$5.05$5.5046.11%$290.00—$51.60$55.006921

Forward $241.64. The 25-delta put carries +1.65 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.