Options Skew Analytics

ADP option chain

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

Data as of 24 September 2026 (end of day)

2026-10-02(8 days)ATM 25.52%±9.99skew -0.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$42.50$45.10—$220.00—————
20$32.60$35.20—$230.00—————
02$23.20$26.40—$240.00—————
0—$20.40$22.90—$242.50—————
02$13.50$15.90—$250.00—————
02$8.40$11.30—$255.0027.83%$0.85$1.40218
10$7.90$9.10—$257.5025.77%$1.30$1.6038
14812$6.10$7.00—$260.0025.52%$1.95$2.3590612
3640$4.50$5.30—$262.5026.26%$2.85$3.6012
44$3.30$4.0025.40%$265.00—$4.00$4.6013233
31$2.40$2.7525.18%$267.50—————
01$1.65$2.1025.97%$270.00—$7.40$8.002012
170$1.15$1.4026.09%$272.50—————
511$0.80$1.0527.08%$275.00—$10.90$13.7090
—————$280.00—$15.60$17.6060
—————$282.50—$17.90$20.5010

Forward $264.35. The 25-delta put carries -0.31 volatility points over the 25-delta call.

2026-10-09(15 days)ATM 25.37%±13.60skew -0.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$20.80$23.80—$242.50—————
01$10.50$12.40—$255.0026.40%$1.60$2.50650
10$9.20$10.20—$257.50—————
01$7.70$8.60—$260.0025.92%$3.10$4.0016
01$6.10$7.10—$262.5025.47%$4.00$5.0001
113$4.70$5.6025.36%$265.00—$5.20$6.2071
01$3.60$4.5025.32%$267.50—————
119$2.80$3.7025.91%$270.00—————
16$2.10$2.9526.11%$272.50—$10.10$11.1010
021$1.60$2.4026.68%$275.00—————
—————$280.00—$15.80$18.5030
—————$290.00—$24.20$27.9010

Forward $264.45. The 25-delta put carries -0.29 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 25.70%±16.69skew +0.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$43.80$45.60—$220.00—————
08$33.70$36.50—$230.00—————
0—$21.30$24.00—$242.50—————
03$14.60$17.40—$250.0027.33%$1.55$2.3016818
—————$255.0026.40%$2.50$3.5028
045$8.70$9.90—$260.0025.77%$4.10$5.104522
10$7.20$8.30—$262.5025.83%$5.20$6.2011
06$5.70$7.1025.70%$265.00—$6.50$7.3050
—————$267.50—$7.60$8.7011
0480$3.70$4.8025.42%$270.00—$9.20$10.208273
30$3.00$3.9025.54%$272.50—————
113$2.20$3.3025.54%$275.00—————
06$1.85$2.6525.97%$277.50—————
—————$280.00—$16.60$19.00580
13$1.15$1.8526.85%$282.50—————
—————$290.00—$25.50$27.6090

Forward $264.50. The 25-delta put carries +0.43 volatility points over the 25-delta call.

2026-10-30(36 days)ATM 30.36%±25.24skew +0.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$245.0032.19%$2.65$3.9001
—————$250.0031.02%$3.50$5.1070
—————$255.0030.51%$4.90$6.7031
—————$260.0030.61%$7.10$8.6090
2524$9.10$10.7030.42%$265.00—$9.50$10.90200
10$6.90$8.3030.04%$270.00—$12.00$13.6010
06$5.10$6.4029.88%$275.00—————
11$3.70$4.9029.89%$280.00—————
01$2.75$4.0030.76%$285.00—————

Forward $264.70. The 25-delta put carries +0.26 volatility points over the 25-delta call.

2026-11-20(57 days)ATM 28.75%±30.15skew +0.71
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$98.40$102.50—$165.00—————
01$88.60$92.60—$175.00—————
03$83.60$87.50—$180.00—————
02$74.30$77.70—$190.00—————
02$69.40$72.30—$195.00—————
015$64.20$68.00—$200.00—————
038$54.60$58.30—$210.00—————
0131$45.00$47.70—$220.00—————
021$35.80$38.50—$230.0032.37%$1.95$2.201052
0106$27.90$30.10—$240.0031.15%$3.40$3.807579
3109$20.70$22.30—$250.0029.82%$5.70$6.1022026
8176$14.00$15.90—$260.0029.25%$9.20$9.9038120
13391$9.00$10.7028.66%$270.00—$14.10$14.8015354
9488$5.60$7.0028.62%$280.00—$20.40$21.70950
17366$3.60$4.4029.10%$290.00—$27.90$29.20110
3363$2.20$2.7029.46%$300.00—$36.30$38.7010

Forward $265.37. The 25-delta put carries +0.71 volatility points over the 25-delta call.

2026-12-18(85 days)ATM 29.33%±37.57skew +2.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$123.50$127.50—$140.00—————
01$113.70$117.80—$150.00—————
01$108.70$112.70—$155.00—————
03$94.00$97.90—$170.00—————
015$84.20$87.80—$180.00—————
01$79.40$83.40—$185.00—————
024$74.80$78.30—$190.00—————
01$69.70$73.20—$195.00—————
05$64.90$68.80—$200.00—————
08$55.80$58.00—$210.00—————
0106$46.60$48.70—$220.0033.62%$1.95$2.80641
0259$37.80$40.00—$230.0031.66%$3.20$3.8022417
0107$30.10$32.10—$240.0030.64%$5.10$5.803749
0164$22.70$24.80—$250.0030.26%$8.10$8.80612
0137$15.90$18.50—$260.0029.62%$11.90$12.70851
4171$12.40$13.1029.25%$270.00—$16.60$18.00251
7147$8.10$9.3028.53%$280.00—$22.80$25.10200
1196$5.30$6.3028.22%$290.00—$30.00$31.80160
7468$3.80$4.2028.72%$300.00—$37.70$39.9060
0529$1.85$3.0028.15%$310.00—————

Forward $265.41. The 25-delta put carries +2.42 volatility points over the 25-delta call.

2027-01-15(113 days)ATM 27.82%±41.06skew +1.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$109.00$112.90—$155.00—————
03$104.10$107.90—$160.00—————
01$98.80$102.90—$165.00—————
07$94.10$98.20—$170.00—————
01$90.00$93.10—$175.00—————
055$84.40$87.10—$180.00—————
010$80.30$83.10—$185.00—————
094$75.10$78.30—$190.00—————
06$70.70$72.60—$195.00—————
043$65.50$68.40—$200.00—————
0101$55.70$59.30—$210.00—————
0105$47.10$49.50—$220.0031.24%$2.45$3.501,1750
091$38.60$41.10—$230.0030.31%$3.90$5.2025243
0206$31.10$33.20—$240.0028.78%$6.20$6.701410
1267$23.60$26.20—$250.0029.07%$9.30$10.604350
20224$17.60$20.50—$260.0027.93%$12.60$14.601970
1217$12.70$15.4027.82%$270.00—$18.00$19.502780
0208$9.30$11.4027.88%$280.00—$24.20$26.801290
0181$6.40$8.2027.60%$290.00—$31.10$34.00170
1235$4.30$5.8027.46%$300.00—$38.90$41.50230
0889$2.80$4.2027.58%$310.00—$47.20$49.70110

Forward $265.24. The 25-delta put carries +1.32 volatility points over the 25-delta call.

2027-03-19(176 days)ATM 29.47%±54.52skew +3.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$119.10$123.10—$145.00—————
01$109.40$113.40—$155.00—————
03$105.20$107.70—$160.00—————
07$99.90$102.70—$165.00—————
014$95.10$97.80—$170.00—————
04$91.00$93.00—$175.00—————
04$86.30$88.30—$180.00—————
022$76.70$79.20—$190.00—————
01$72.20$75.70—$195.00—————
03$67.30$70.50—$200.00—————
05$58.50$61.30—$210.00—————
030$50.60$53.00—$220.0030.62%$4.00$6.1013313
018$42.50$45.30—$230.0030.03%$6.00$8.30100
037$35.20$37.80—$240.0030.55%$9.90$11.10425
175$29.00$31.30—$250.0029.59%$13.20$14.1012315
067$23.10$25.60—$260.0029.35%$17.30$18.601973
343$18.90$20.4029.43%$270.00—$22.70$23.701482
061$15.50$16.4029.71%$280.00—$28.10$30.70423
0799$12.00$12.8029.30%$290.00—$34.40$37.30360
2102$9.10$9.9028.96%$300.00—$41.50$44.30510
0178$5.30$7.6027.39%$310.00—————

Forward $266.38. The 25-delta put carries +3.16 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.