Options Skew Analytics

AEP option chain

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

Data as of 6 November 2026 (end of day)

2027-01-15(70 days)ATM 20.53%±11.42skew +2.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$75.10$78.60—$50.00—————
04$65.10$68.60—$60.00—————
02$55.10$58.50—$70.00—————
09$50.10$53.60—$75.00—————
014$45.10$48.60—$80.00—————
024$40.10$43.60—$85.00—————
099$35.40$38.60—$90.00—————
0350$30.40$33.00—$95.00—————
0189$28.00$29.90—$97.50—————
2150$25.60$27.50—$100.00—————
155$20.70$22.60—$105.00—————
0242$16.10$18.00—$110.0025.93%$0.55$0.7561110
0349$12.40$13.20—$115.0023.91%$1.05$1.251,50319
17819$8.20$9.40—$120.0022.57%$2.00$2.257484
131,110$5.30$6.10—$125.0021.21%$3.50$3.904925
4811$3.00$3.3020.10%$130.00—$6.10$6.905840
72,108$1.50$1.7519.94%$135.00—$9.50$10.602220
1352,882$0.65$0.9019.98%$140.00—$13.90$15.701607
131,143$0.30$0.4520.50%$145.00—$18.70$20.5070

Forward $127.02. The 25-delta put carries +2.63 volatility points over the 25-delta call.

2027-02-19(105 days)ATM 21.30%±14.49skew +4.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
112$26.70$28.10—$100.00—————
02$21.30$23.50—$105.00—————
01$16.80$18.60—$110.0024.77%$0.95$1.30420
05$12.60$14.30—$115.0023.59%$1.80$2.0016562
070$8.70$10.40—$120.0022.49%$2.90$3.302151
172$6.20$7.30—$125.0021.82%$4.70$5.20152
2226$4.00$4.4020.75%$130.00—$7.20$8.40821
884$1.85$2.7019.44%$135.00—————
174$1.15$1.5519.93%$140.00—————

Forward $126.82. The 25-delta put carries +4.15 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 21.27%±16.30skew +4.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$35.50$38.90—$90.00—————
02$30.70$34.10—$95.00—————
0410$26.20$28.00—$100.0027.54%$0.55$0.707036
04$21.60$23.40—$105.0026.14%$0.80$1.20513
034$17.20$19.10—$110.0024.81%$1.45$1.70943
08$13.00$14.90—$115.0023.50%$2.30$2.553681
014$9.40$11.60—$120.0022.41%$3.50$3.90682
070$6.70$8.20—$125.0021.62%$5.30$5.80980
0234$4.80$5.2021.01%$130.00—$7.80$9.00600
0168$2.70$3.4020.09%$135.00—$10.70$12.30490
0124$1.35$2.1519.49%$140.00—————
5236$0.55$0.7520.21%$150.00—————
570$0.30$0.5020.68%$155.00—————

Forward $126.93. The 25-delta put carries +4.00 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 21.14%±21.04skew +3.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$36.00$39.30—$90.00—————
02$27.00$29.30—$100.0026.26%$1.20$1.45302
03$22.60$24.80—$105.0025.10%$1.75$2.052211
04$18.50$20.50—$110.0024.22%$2.55$2.953361
04$14.70$16.70—$115.0023.25%$3.60$4.102641
045$11.40$13.20—$120.0022.35%$5.00$5.60970
027$8.70$10.20—$125.0021.61%$6.80$7.60410
9110$6.50$7.5021.11%$130.00—$9.50$10.00290
3194$4.90$5.5021.16%$135.00—$11.60$13.7020
062$2.80$4.0020.05%$140.00—————
0355$1.80$2.8519.93%$145.00—————
—————$155.00—$28.10$31.0010

Forward $127.31. The 25-delta put carries +3.32 volatility points over the 25-delta call.

2027-09-17(315 days)ATM 21.51%±25.47skew +1.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$85.0028.31%$0.55$0.85620
01,200$32.20$34.10—$95.00—————
0600$28.30$29.80—$100.0025.32%$1.75$2.25332
—————$105.0024.25%$2.40$3.00160
01$19.80$22.20—$110.0023.79%$3.60$4.0031
05$16.40$18.40—$115.0022.44%$4.30$5.4010
06$13.30$15.60—$120.0021.69%$5.80$7.00380
024$10.80$12.10—$125.0021.75%$8.30$9.00352
041$8.00$9.4021.51%$130.00—$10.80$11.50300
0129$6.00$7.3021.07%$135.00—$13.30$15.1010
01,109$4.20$5.7020.63%$140.00—————
027$2.95$4.3020.31%$145.00—————
17$2.55$3.3020.98%$150.00—————

Forward $127.46. The 25-delta put carries +1.46 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.