Options Skew Analytics

AEM 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 52.75%±11.08skew +1.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$32.40$34.90—$167.50—————
1328$29.40$32.50—$170.00—————
09$27.00$30.00—$172.50—————
234$24.60$27.40—$175.00—————
022$22.00$25.10—$177.50—————
9182$20.10$22.60—$180.00—————
018$17.30$20.20—$182.50—————
760$15.30$17.50—$185.00—————
016$13.10$15.60—$187.5056.53%$0.55$0.903847
125362$10.80$12.80—$190.0054.67%$0.80$1.254531
840$9.10$10.00—$192.5054.65%$1.35$1.75979
201144$7.40$8.00—$195.0053.56%$1.80$2.551046
2524$5.80$6.40—$197.5053.61%$2.65$3.50014
9895$4.40$5.00—$200.0052.55%$3.70$4.501040
344$3.30$3.9053.32%$202.50—$5.00$5.9001
5249$2.45$2.9053.62%$205.00—$6.60$7.5080
323$1.65$2.1553.30%$207.50—————
5452$1.20$1.5554.09%$210.00—$9.50$12.1016
30$0.80$1.1054.27%$212.50—————
3219$0.55$0.8055.24%$215.00—————
240$0.35$0.5555.43%$217.50—————

Forward $200.60. The 25-delta put carries +1.35 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 48.71%±16.99skew -1.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
111$32.50$35.30—$167.50—————
12152$30.10$32.90—$170.00—————
011$27.70$30.50—$172.50—————
21168$25.40$28.10—$175.00—————
038$23.10$25.80—$177.50—————
47381$20.70$22.90—$180.00—————
140$18.60$20.20—$182.50—————
16511$16.90$17.80—$185.0050.24%$1.40$1.7049448
1253$14.50$16.40—$187.5050.12%$1.85$2.251283
59835$12.70$14.10—$190.0048.74%$2.35$2.7025735
483$10.90$12.20—$192.5049.07%$3.00$3.6077
142502$9.40$10.60—$195.0048.47%$3.70$4.5024837
1219$8.00$9.20—$197.5048.73%$4.80$5.501512
45793$6.80$7.50—$200.0048.27%$6.00$6.5020122
86$5.50$6.6048.89%$202.50—$7.10$8.2001
19238$4.40$5.6048.83%$205.00—————
07$3.60$4.7049.25%$207.50—————
23827$2.85$4.0049.68%$210.00—$12.00$13.306242
41$2.35$3.2049.81%$212.50—————
1240$1.85$2.1547.73%$215.00—$14.50$17.1010
103,357$1.05$1.7049.84%$220.00—$18.70$21.5090

Forward $200.90. The 25-delta put carries -1.06 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 45.03%±20.10skew -0.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$32.70$35.70—$167.50—————
07$30.60$33.40—$170.00—————
0—$28.00$31.00—$172.50—————
029$25.90$28.40—$175.00—————
0—$23.80$26.00—$177.50—————
098$21.60$24.40—$180.00—————
0—$19.20$22.30—$182.50—————
325$17.20$20.30—$185.0045.91%$2.05$2.551,5251
1—$15.50$16.80—$187.50—————
1925$13.70$15.10—$190.0044.76%$3.10$3.80100
0—$11.90$13.70—$192.5045.62%$3.70$5.10—1
1815$10.70$12.00—$195.0045.07%$4.90$5.6044
50—$9.20$10.60—$197.5044.43%$5.60$6.80—0
3128$8.10$8.90—$200.0045.09%$7.10$7.90130
0—$6.50$8.1045.01%$202.50—$7.50$9.40—0
346$5.90$6.5044.80%$205.00—$9.80$10.6004
0—$4.90$6.1046.23%$207.50—$11.10$12.40—0
35$4.10$4.8044.97%$210.00—————
0—$3.30$4.7046.74%$212.50—$14.70$16.10—0
34$2.85$3.4045.21%$215.00—————
13$1.95$2.4045.68%$220.00—————

Forward $201.00. The 25-delta put carries -0.45 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 45.25%±23.80skew +1.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
11$49.90$52.90—$150.00—————
12$45.00$48.00—$155.00—————
021$40.40$43.20—$160.00—————
02$35.60$38.40—$165.00—————
04$30.90$33.80—$170.00—————
03$26.60$29.30—$175.00—————
017$22.00$25.00—$180.0046.79%$2.10$2.5530
012$18.20$19.80—$185.0045.90%$3.10$3.6034
1123$14.90$16.40—$190.0045.86%$4.60$5.1021
05$12.00$13.30—$195.0045.58%$6.40$7.00351
1537$9.30$10.70—$200.0045.49%$8.70$9.30061
4133$7.10$8.2045.02%$205.00—————
021$5.30$6.4045.28%$210.00—————
108$3.90$4.5044.41%$215.00—————
24$2.85$3.4044.89%$220.00—————
33$2.05$2.5045.17%$225.00—————

Forward $201.00. The 25-delta put carries +1.01 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 45.12%±26.88skew +0.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$50.00$53.00—$150.00—————
01$44.50$48.20—$155.00—————
03$35.60$38.80—$165.00—————
02$31.10$34.30—$170.00—————
05$23.10$25.90—$180.0045.81%$2.35$3.601211
03$19.40$21.40—$185.00—————
01$16.20$17.60—$190.0045.18%$5.00$6.5021
01$13.10$14.60—$195.00—————
13140$10.30$12.00—$200.0044.67%$9.20$10.7010
01$8.30$9.8045.36%$205.00—————
11$6.40$7.8045.19%$210.00—————
22$4.80$6.1044.88%$215.00—————
13$3.40$5.0045.05%$220.00—————
20$2.60$3.8045.20%$225.00—————

Forward $201.20. The 25-delta put carries +0.14 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 45.01%±29.59skew +0.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$74.80$77.70—$125.00—————
053$69.70$72.70—$130.00—————
333$64.70$67.80—$135.00—————
0189$60.00$62.90—$140.00—————
080$55.10$58.00—$145.0054.04%$0.30$0.453381
0232$50.10$53.10—$150.00—————
0219$45.60$48.30—$155.00—————
1738$40.90$43.60—$160.0047.01%$0.70$0.9594425
1239$36.40$39.20—$165.0046.52%$1.05$1.4548243
55260$31.90$34.70—$170.0045.95%$1.60$2.05786169
55255$27.80$30.30—$175.0045.42%$2.35$2.8553395
17454$23.70$26.50—$180.0045.40%$3.50$3.90865290
96343$20.40$22.80—$185.0044.93%$4.70$5.301,11922
481,398$17.50$19.10—$190.0045.10%$6.60$6.901,2637
31472$14.30$15.80—$195.0044.50%$8.30$9.003094
255945$11.80$12.80—$200.0045.13%$11.00$11.4042296
403536$7.70$8.3044.66%$210.00—$15.90$17.309938
32812$4.80$5.3044.78%$220.00—$23.10$24.904510
34251$2.85$3.3044.94%$230.00—$30.20$32.80302
3426$1.50$2.0544.86%$240.00—————
7428$0.95$1.3046.19%$250.00—————

Forward $201.10. The 25-delta put carries +0.15 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 43.53%±37.74skew +0.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0152$65.70$68.60—$135.00—————
0403$61.00$63.70—$140.00—————
3438$56.00$59.10—$145.0048.06%$0.60$0.952241
1663$51.60$54.10—$150.00—————
5256$47.10$49.90—$155.00—————
5569$42.70$45.40—$160.0047.47%$1.70$2.7582420
0410$38.20$41.10—$165.0045.04%$2.25$2.955689
10785$34.40$37.10—$170.0045.34%$3.30$3.9089424
4459$30.70$33.20—$175.0044.45%$4.20$4.9017819
3442$26.90$29.60—$180.0044.55%$5.70$6.201,57124
64322$24.10$25.20—$185.0044.12%$7.20$7.7023616
17441$20.40$23.10—$190.0044.51%$9.30$9.6033576
57366$18.10$19.70—$195.0044.65%$11.50$11.8013624
35523$15.50$16.70—$200.0043.71%$13.20$14.302928
98581$11.30$12.1043.49%$210.00—$18.90$20.1014148
22950$8.00$8.8043.68%$220.00—$24.90$27.10341
13548$5.50$6.2043.62%$230.00—$32.30$35.207712
33518$3.80$4.2043.62%$240.00—$40.60$43.10500
131,231$2.55$3.2044.56%$250.00—$49.40$52.40330
8343$1.50$2.5045.04%$260.00—————
711,775$1.00$1.5544.65%$270.00—————

Forward $202.37. The 25-delta put carries +0.94 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 44.18%±47.45skew +1.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$66.80$69.90—$135.00—————
035$62.50$65.20—$140.00—————
03$57.50$60.70—$145.00—————
116$53.40$56.30—$150.0045.57%$1.70$2.40652
010$48.90$52.00—$155.0046.69%$2.25$3.70961
0347$44.70$47.90—$160.0045.28%$3.20$3.901117
0165$41.30$43.90—$165.0045.56%$4.50$4.80693
0349$37.50$40.10—$170.0045.30%$5.70$5.901727
0261$33.90$36.40—$175.0045.25%$7.10$7.301092
0184$30.60$33.00—$180.0045.05%$8.60$8.9017520
10172$27.40$29.80—$185.0044.97%$10.40$10.7013556
4117$24.70$26.60—$190.0044.86%$12.40$12.705131
2892$22.00$23.60—$195.0044.23%$14.10$15.00405
21142$19.60$20.80—$200.0044.32%$16.60$17.5011130
63152$15.30$16.3044.17%$210.00—$21.70$23.30250
2351$11.80$12.8044.32%$220.00—$28.40$29.80250
48138$9.00$9.4043.74%$230.00—$34.80$37.60220
3490$6.80$7.1043.76%$240.00—$42.60$45.3080
67191$5.10$5.4043.95%$250.00—$51.00$53.50180
162$3.80$4.1044.17%$260.00—————
94330$2.70$3.7045.39%$270.00—————

Forward $203.19. The 25-delta put carries +1.29 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.