Options Skew Analytics

ADP option chain

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

Data as of 6 November 2026 (end of day)

2026-11-20(14 days)ATM 29.58%±17.65skew +2.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$40.30$43.10—$262.50—————
026$37.90$40.60—$265.00—————
06$35.50$38.30—$267.50—————
57339$33.20$35.80—$270.00—————
160$30.80$33.30—$272.50—————
064$28.30$31.10—$275.00—————
60472$24.30$26.30—$280.00—————
07$21.50$24.20—$282.50—————
023$19.40$21.60—$285.0032.08%$1.10$1.652620
03$17.20$19.80—$287.5031.93%$1.40$2.15221
161,032$15.80$17.40—$290.0031.56%$1.90$2.55163
03$13.40$15.90—$292.5031.24%$2.35$3.20122
011$12.30$13.30—$295.0031.28%$3.10$3.90128
294$10.30$11.60—$297.5030.41%$3.70$4.6010
11,888$8.80$10.00—$300.0030.60%$4.80$5.502118
111$7.30$8.50—$302.5030.83%$5.70$6.9052
255$6.40$7.3029.65%$305.00—$6.70$7.80211
02$4.70$6.0028.06%$307.50—$8.20$9.2050
01,022$3.90$5.0028.41%$310.00—$9.80$10.7050
0139$2.50$3.5028.97%$315.00—$13.40$14.1030
57297$1.55$2.3529.40%$320.00—————

Forward $304.60. The 25-delta put carries +2.27 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 28.08%±20.51skew +1.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$33.50$36.30—$270.00—————
02$29.30$31.50—$275.00—————
09$24.20$27.00—$280.00—————
02$19.80$22.70—$285.00—————
011$17.00$18.20—$290.0029.55%$2.50$3.60130
05$13.40$14.40—$295.0029.23%$3.90$5.0020
08$10.00$11.20—$300.0028.67%$5.70$6.7031
010$7.30$8.6028.09%$305.00—$7.70$9.1020
05$5.10$6.4027.90%$310.00—————
110$3.50$4.7028.04%$315.00—————
01$2.35$3.2027.86%$320.00—————

Forward $304.55. The 25-delta put carries +1.69 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 28.83%±29.70skew +1.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$132.80$136.60—$170.00—————
015$122.80$126.80—$180.00—————
01$117.80$121.80—$185.00—————
024$112.90$116.80—$190.00—————
01$107.90$111.80—$195.00—————
05$102.90$106.90—$200.00—————
08$93.00$96.90—$210.00—————
0106$83.00$86.90—$220.00—————
0259$73.20$76.30—$230.00—————
598$63.30$66.70—$240.00—————
0168$53.90$56.00—$250.00—————
0138$44.20$46.90—$260.0032.43%$0.85$1.351391
0198$34.90$37.50—$270.0030.95%$1.65$2.30730
0170$26.40$28.90—$280.0029.95%$3.10$4.00881
1175$19.40$20.90—$290.0028.90%$5.50$6.505818
6544$13.10$14.00—$300.0028.63%$9.30$10.50608
6535$8.50$9.7029.02%$310.00—$14.30$15.8093
34142$5.10$5.4027.66%$320.00—$21.00$22.5020
9141$2.75$3.2027.43%$330.00—————
865$1.50$2.1528.40%$340.00—————
7104$0.90$1.1028.59%$350.00—————

Forward $303.67. The 25-delta put carries +1.48 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 27.35%±36.47skew +2.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
055$122.80$126.80—$180.00—————
010$117.90$121.40—$185.00—————
094$112.90$115.90—$190.00—————
06$108.10$111.50—$195.00—————
026$103.00$107.00—$200.00—————
0101$93.30$96.60—$210.00—————
0104$83.30$86.20—$220.00—————
090$73.50$76.50—$230.00—————
0204$64.30$66.30—$240.00—————
1179$54.30$56.90—$250.0032.37%$1.15$1.754390
0240$45.20$47.90—$260.0030.54%$1.90$2.451872
0212$36.50$39.10—$270.0029.70%$3.20$3.903006
0308$29.00$31.00—$280.0028.84%$5.10$6.001425
1230$21.40$23.90—$290.0027.99%$7.80$8.903310
0285$16.00$17.60—$300.0027.63%$11.70$13.006421
39973$11.10$12.8027.29%$310.00—$16.80$18.204310
1484$7.50$9.2027.35%$320.00—$22.60$25.2010
24272$4.90$5.6026.46%$330.00—————
0374$3.10$3.9026.83%$340.00—————
0284$1.85$2.8027.29%$350.00—————
4324$1.30$1.9028.05%$360.00—————

Forward $304.49. The 25-delta put carries +2.38 volatility points over the 25-delta call.

2027-02-19(105 days)ATM 29.07%±47.64skew +3.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$75.00$78.00—$230.00—————
01$65.30$68.70—$240.00—————
027$56.70$59.60—$250.0033.17%$2.40$3.90250
025$47.90$51.30—$260.0032.39%$3.50$5.70120
020$40.50$43.10—$270.0031.54%$5.50$7.50200
11527$32.80$35.70—$280.0030.20%$8.00$9.4010
050$26.20$28.90—$290.0029.78%$10.90$13.20100
041$19.80$23.30—$300.0029.24%$14.60$17.6050
0161$15.30$18.2029.05%$310.00—————
018$11.20$13.6028.30%$320.00—$25.00$28.6060
084$7.80$10.9028.40%$330.00—$31.60$35.2010
033$5.50$6.9027.07%$340.00—————
07$3.90$4.8026.96%$350.00—————
11611$3.00$3.6027.69%$360.00—————

Forward $305.52. The 25-delta put carries +3.12 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 28.79%±53.12skew +4.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$123.40$127.30—$180.00—————
022$114.50$117.60—$190.00—————
01$109.40$112.30—$195.00—————
03$104.30$107.40—$200.00—————
05$95.00$97.70—$210.00—————
030$85.50$88.40—$220.00—————
014$76.30$79.10—$230.00—————
441$66.90$69.50—$240.0033.69%$2.40$3.802080
073$58.10$60.90—$250.0032.42%$3.40$5.001810
0107$49.80$52.50—$260.0031.22%$5.10$6.2023618
0195$42.10$44.80—$270.0031.32%$7.30$9.102750
663$35.10$37.60—$280.0030.65%$10.20$11.70720
0806$28.70$31.30—$290.0029.59%$13.50$14.601000
2150$22.80$24.90—$300.0029.18%$17.50$19.00764
4185$18.00$19.9028.80%$310.00—$22.30$24.1010
068$13.70$15.6028.27%$320.00—————
3128$10.60$11.4027.66%$330.00—————
292$8.00$8.7027.58%$340.00—————
227$5.80$6.4027.24%$350.00—————
104$4.10$4.8027.11%$360.00—————
04$2.90$4.0027.61%$370.00—————

Forward $305.69. The 25-delta put carries +4.07 volatility points over the 25-delta call.

2027-05-21(196 days)ATM 28.86%±65.02skew +3.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$250.0033.07%$5.90$8.4050
057$54.00$56.50—$260.0032.32%$8.00$10.4032
—————$270.0031.48%$10.50$12.7020
—————$280.0030.71%$13.30$15.7060
010$34.00$36.40—$290.0030.01%$16.70$19.2020
01$28.30$30.70—$300.0029.68%$21.10$23.4020
035$23.30$25.6029.17%$310.00—————
032$18.70$21.1028.59%$320.00—————
06$15.70$17.1028.56%$330.00—————
032$11.60$13.8027.66%$340.00—————
05$9.10$11.5027.74%$350.00—————
02$4.10$6.0027.48%$380.00—————
02$3.20$4.5027.26%$390.00—————
—————$440.00—$134.60$138.10—0

Forward $307.42. The 25-delta put carries +3.74 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 28.94%±69.54skew +3.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
081$115.50$118.40—$190.00—————
06$111.00$114.00—$195.00—————
050$106.50$109.30—$200.00—————
03$97.40$100.00—$210.00—————
021$88.30$91.00—$220.00—————
05$79.30$82.40—$230.0034.62%$3.90$6.20550
06$71.30$73.90—$240.00—————
46$62.90$65.80—$250.0032.65%$6.80$9.404930
025$55.50$58.00—$260.0031.83%$9.00$11.40870
035$48.60$50.70—$270.0030.84%$11.70$13.401533
039$42.00$44.00—$280.0030.69%$14.90$17.10480
025$35.80$38.00—$290.0029.82%$18.40$20.30400
343$30.00$32.50—$300.0029.61%$22.70$24.90480
041$24.90$27.3029.19%$310.00—$27.40$29.80420
037$20.50$22.7028.68%$320.00—$32.70$35.3010
274$15.80$18.9027.87%$330.00—————
09$13.00$15.7027.87%$340.00—————
015$11.10$12.7027.99%$350.00—————
110$8.90$10.0027.62%$360.00—————
0169$6.40$8.2027.10%$370.00—————
01$4.90$7.1027.33%$380.00—————

Forward $307.43. The 25-delta put carries +3.22 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.