Options Skew Analytics

ADBE option chain

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

Data as of 24 September 2026 (end of day)

2026-09-25(1 day)ATM 42.42%±5.29skew -2.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1625$25.90$32.30—$210.00—————
05$21.00$25.15—$215.00—————
082$16.40$19.85—$220.00—————
151$13.70$17.20—$222.5052.89%$0.01$0.029423
224$10.65$14.40—$225.0048.14%$0.02$0.03585108
14$9.05$11.30—$227.50—————
2301$7.45$8.70—$230.00—————
—————$232.5041.18%$0.28$0.41737248
1346$3.50$4.35—$235.0040.85%$0.69$0.98968308
5970$2.20$2.63—$237.5042.32%$1.51$2.12948282
405447$1.22$1.4042.60%$240.00—$2.92$3.551,687869
444751$0.55$0.7543.42%$242.50—$4.60$6.0531763
8061,165$0.28$0.3344.76%$245.00—$6.60$7.6047888
—————$247.50—$8.55$10.0016837
737652$0.06$0.1050.27%$250.00—$10.65$13.6550496
83978$0.02$0.0854.39%$252.50—$13.90$15.6062025
2971,122$0.02$0.0457.78%$255.00—$16.10$18.8522223
62384$0.01$0.0361.65%$257.50—$18.85$20.60558
82821$0.01$0.0266.06%$260.00—$20.90$23.0015787
1332,767$0.01$0.0374.75%$262.50—$23.75$26.507541
—————$265.00—$26.20$28.7090

Forward $238.10. The 25-delta put carries -2.58 volatility points over the 25-delta call.

2026-10-02(8 days)ATM 39.33%±13.88skew -0.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$22.00$24.90—$215.0043.12%$0.25$0.408010
—————$217.5039.84%$0.29$0.415345
018$17.10$19.75—$220.0040.41%$0.50$0.6519035
—————$222.5040.24%$0.69$1.0053710
221$12.85$15.35—$225.0040.53%$1.05$1.45232116
114$11.05$13.20—$227.5038.80%$1.46$1.70160125
133$9.80$11.15—$230.0039.01%$2.08$2.3667664
04$8.55$9.25—$232.5039.42%$2.75$3.357112
2136$6.95$7.80—$235.0039.59%$3.65$4.4043698
4440$5.70$6.20—$237.5039.38%$4.80$5.45102552
247151$4.55$4.9539.30%$240.00—$6.00$6.9550787
80342$3.55$3.9539.41%$242.50—$7.50$8.507019
7095$2.79$3.0539.54%$245.00—$8.95$10.2048530
70115$2.10$2.3939.72%$247.50—$11.10$12.35581
314433$1.58$1.7839.69%$250.00—$12.80$14.6570012
54102$1.16$1.3840.04%$252.50—$14.90$17.203024
151325$0.85$1.0940.65%$255.00—$16.85$19.604691
136332$0.60$0.8541.06%$257.50—$19.05$21.6094
31870$0.50$0.6442.05%$260.00—$21.05$24.052317
1041$0.36$0.4842.40%$262.50—$22.95$28.3561
69680$0.28$0.3743.22%$265.00—$26.10$28.752450

Forward $238.33. The 25-delta put carries -0.72 volatility points over the 25-delta call.

2026-10-09(15 days)ATM 40.08%±19.37skew +0.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$210.0040.23%$0.41$0.5313254
0—$20.30$25.25—$217.5039.14%$0.96$1.25—1
02$17.65$23.55—$220.0040.43%$1.37$1.874925
0—$16.45$20.30—$222.50—————
01$14.50$16.65—$225.0039.05%$2.33$2.63924
—————$227.5039.51%$2.54$3.9050
1126$12.00$13.00—$230.0038.85%$3.65$4.151965
—————$232.5040.19%$4.40$5.7033
114$8.35$9.95—$235.0039.39%$5.30$6.6018242
215$7.85$8.65—$237.5040.57%$6.65$8.0540
1740$6.65$7.1539.73%$240.00—$8.00$8.5517529
06$4.95$6.3038.61%$242.50—$9.35$10.10390
763$4.60$5.1039.47%$245.00—$10.95$12.151645
1014$3.80$4.2039.29%$247.50—$12.50$14.5520
12178$3.10$3.5039.34%$250.00—$14.35$15.601409
415$2.50$2.8639.24%$252.50—$15.65$18.8520
1480$2.00$2.3739.37%$255.00—$18.10$19.951691
25$1.54$1.9139.13%$257.50—$18.15$23.60120
17174$1.34$1.5739.89%$260.00—$22.30$24.454022
—————$262.50—$22.05$29.3010
2214$0.76$1.0539.86%$265.00—$24.40$31.601090

Forward $238.40. The 25-delta put carries +0.26 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 38.71%±22.69skew +0.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
081$23.95$26.00—$215.0040.15%$1.53$1.75907761
0—$21.15$26.55—$217.5039.99%$1.86$2.22—0
0184$20.55$23.20—$220.0040.03%$2.40$2.692,096606
0—$18.05$20.30—$222.5039.69%$2.94$3.20—73
4361$17.05$19.10—$225.0039.75%$3.55$3.951,909512
291$14.85$16.40—$227.5039.42%$4.20$4.70245
22836$13.35$14.40—$230.0039.35%$5.05$5.552,335156
53$11.80$12.85—$232.5039.38%$5.85$6.70232
29292$10.75$11.55—$235.0039.37%$6.90$7.801,15612
528$9.30$10.20—$237.5039.10%$8.15$8.8013433
1761,796$8.25$8.6538.70%$240.00—$9.30$10.051,52781
5146$7.15$7.6038.78%$242.50—$10.65$11.607649
7571$6.20$6.5538.72%$245.00—$12.35$13.0588927
1322$5.30$5.7538.88%$247.50—$13.55$15.253623
542,219$4.50$4.8038.48%$250.00—$15.50$17.002,92544
1031$3.80$4.1538.59%$252.50—$17.35$19.5561
31733$3.20$3.6038.78%$255.00—$19.30$20.901,58214
057$2.69$3.0538.82%$257.50—$19.75$23.5040
1371,474$2.33$2.5739.09%$260.00—$22.60$25.4560957
1748$1.95$2.5540.44%$262.50—————
8341,393$1.60$1.9239.55%$265.00—$26.85$29.3530217

Forward $238.77. The 25-delta put carries +0.97 volatility points over the 25-delta call.

2026-10-23(29 days)ATM 39.71%±26.68skew -0.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
22$56.60$60.80—$180.00—————
06$47.25$52.20—$190.00—————
04$32.75$38.15—$205.0039.88%$0.81$1.25917
—————$210.0040.46%$1.38$2.036729
05$24.40$27.55—$215.0039.44%$2.23$2.551489
08$21.00$23.35—$220.0038.45%$3.10$3.5020226
036$18.00$19.25—$225.0038.57%$4.55$4.9020912
010$14.65$16.50—$230.0038.41%$6.20$6.7042018
011$11.65$13.50—$235.0039.48%$8.05$9.7015021
1652$9.60$10.1039.72%$240.00—$10.65$12.30141102
1135$7.40$7.9539.35%$245.00—$13.45$14.05707
3241$5.70$6.2039.37%$250.00—$16.50$18.401013
844$4.25$4.7539.20%$255.00—$20.10$22.15711
1057$3.15$3.6539.32%$260.00—$23.80$26.25351
1084$2.45$2.8139.97%$265.00—$28.05$30.50381
3587$1.62$2.1339.61%$270.00—$31.20$35.20620
—————$275.00—$35.75$40.60380
359$1.00$1.4842.18%$280.00—$40.40$46.5540
—————$285.00—$45.20$51.35140
—————$290.00—$50.85$56.15120
—————$295.00—$55.05$61.1010

Forward $238.37. The 25-delta put carries -0.76 volatility points over the 25-delta call.

2026-10-30(36 days)ATM 39.63%±29.68skew -0.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$37.55$40.85—$200.0040.81%$0.96$1.20418
010$33.60$38.25—$205.0040.43%$1.46$1.72143
01$28.95$33.60—$210.0040.18%$2.14$2.465023
11$26.15$27.60—$215.0039.52%$3.00$3.30904
010$21.50$23.80—$220.0039.79%$4.15$4.7510527
06$19.10$20.30—$225.0039.12%$5.55$6.101315
011$15.85$17.20—$230.0039.45%$7.25$8.301483
110$12.85$14.40—$235.0039.78%$9.45$10.70502
2729$10.60$11.6039.62%$240.00—$11.80$13.355414
13158$8.45$9.7039.90%$245.00—$14.45$16.155457
253$6.60$8.0039.97%$250.00—$17.60$19.55374
325$5.10$6.6040.19%$255.00—$21.00$23.1542
15547$4.30$4.8540.10%$260.00—$24.15$26.80190
24521$3.15$3.8039.75%$265.00—$27.40$31.255071
3066$2.40$3.2540.59%$270.00—$33.15$35.5041
865$1.99$2.4440.93%$275.00—$36.15$40.0540
381$1.32$2.0540.96%$280.00—$41.50$45.2519
425$1.07$1.7442.04%$285.00—————
—————$290.00—$50.25$54.55210
—————$300.00—$60.00$64.8520
—————$310.00—$67.70$76.2520

Forward $238.52. The 25-delta put carries -0.31 volatility points over the 25-delta call.

2026-11-06(43 days)ATM 42.73%±34.92skew -1.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$47.70$53.05—$190.00—————
0—$43.15$47.40—$195.00—————
0—$38.85$43.70—$200.0041.40%$1.33$1.94—0
0—$34.55$39.30—$205.0040.27%$1.85$2.46—1
0—$29.95$35.05—$210.00—————
0—$26.45$31.55—$215.0040.22%$3.50$4.80—0
0—$21.90$27.90—$220.0038.45%$4.30$5.85—0
0—$19.15$23.25—$225.0038.78%$5.95$7.65—0
0—$15.40$19.80—$230.0038.79%$8.20$9.30—655
0—$13.55$18.70—$235.0039.28%$10.05$12.30—0
0—$11.70$13.9542.26%$240.00—$12.75$16.70—0
0—$9.40$14.2045.58%$245.00—$15.40$17.50—2
0—$7.65$9.0040.41%$250.00—$17.30$20.65—0
3—$6.30$7.2040.32%$255.00—$19.20$24.50—2
2—$5.00$6.1040.71%$260.00—$25.40$28.20—1
0—$3.85$4.8040.23%$265.00—$27.75$32.45—0
32—$3.10$4.6042.06%$270.00—$31.30$36.50—0
—————$275.00—$35.45$40.70—2
—————$280.00—$40.35$45.15—0
—————$285.00—$44.60$50.40—0
—————$290.00—$49.30$54.55—0

Forward $238.09. The 25-delta put carries -1.77 volatility points over the 25-delta call.

2026-11-20(57 days)ATM 39.59%±37.52skew +0.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
097$49.00$52.10—$190.0042.43%$1.23$1.4487913
086$43.95$47.65—$195.0042.03%$1.68$1.969404
0167$40.25$42.95—$200.0041.11%$2.28$2.4068631
01$35.45$38.75—$205.0041.21%$3.00$3.406512
11123$32.35$34.80—$210.0040.64%$3.95$4.2560852
412$28.60$31.05—$215.0040.47%$5.15$5.4541633
1360$25.70$27.30—$220.0040.29%$6.50$6.9583545
011$21.90$23.75—$225.0040.13%$8.15$8.6519736
13181$19.45$20.45—$230.0040.02%$10.10$10.601,578102
1149$16.80$18.10—$235.0039.40%$11.90$12.85237152
100391$14.60$15.2039.96%$240.00—$14.85$15.3594491
35148$12.05$12.9039.33%$245.00—$17.60$18.3096054
49652$10.40$11.0039.76%$250.00—$20.25$21.501,0736
22458$8.75$9.3039.83%$255.00—$23.90$25.1041815
624,185$7.35$7.8039.91%$260.00—$27.20$29.2076214
21543$6.15$6.5540.08%$265.00—$31.20$32.6555728
19745$5.10$5.4540.16%$270.00—$35.00$37.4032034
741,114$4.25$4.5540.37%$275.00—$39.35$41.251470
15711$3.55$3.7540.55%$280.00—$43.15$46.502460
13193$2.80$3.3540.97%$285.00—$47.35$51.151530
19390$2.22$2.6540.63%$290.00—$52.20$55.501,1480

Forward $239.80. The 25-delta put carries +0.14 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.