Options Skew Analytics

AFL 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 19.50%±3.31skew +1.75
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
11$49.40$51.60—$65.00—————
11$44.50$46.70—$70.00—————
01$24.30$26.80—$90.00—————
01$19.50$21.80—$95.00—————
01$4.50$6.40—$110.00—————
06$3.90$5.90—$111.0021.95%$0.25$0.3550
01$3.00$3.70—$112.0021.02%$0.40$0.502812
06$2.25$2.55—$113.0020.22%$0.60$0.753512
18$1.55$1.75—$114.0019.57%$0.90$1.10350
08$1.10$1.2519.47%$115.00—$1.35$1.60191
023$0.65$0.8519.06%$116.00—$1.95$2.2020
36$0.40$0.5519.27%$117.00—$2.35$3.10133
—————$118.00—$2.60$3.80250
—————$119.00—$3.00$4.70271
—————$121.00—$5.00$6.7010

Forward $114.70. The 25-delta put carries +1.75 volatility points over the 25-delta call.

2026-10-09(15 days)ATM 19.39%±4.51skew +1.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
076$34.40$36.20—$80.00—————
053$29.50$31.00—$85.00—————
013$24.50$26.20—$90.00—————
024$19.50$21.90—$95.00—————
—————$110.0023.25%$0.40$0.6540
02$4.00$6.60—$111.0021.58%$0.55$0.7010
—————$112.0020.81%$0.70$0.9520
10$2.70$3.10—$113.0019.96%$0.95$1.2043
32$2.10$2.45—$114.00—————
04$1.50$1.9019.38%$115.00—$1.75$2.0540
03$1.10$1.4519.44%$116.00—————
11$0.75$1.1019.41%$117.00—$3.00$3.4030
04$0.50$0.8019.35%$118.00—————
014$0.30$0.4518.17%$119.00—$3.30$5.3020
—————$120.00—$3.80$6.2010
—————$123.00—$6.30$8.7020

Forward $114.80. The 25-delta put carries +1.46 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 18.70%±5.27skew +2.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$47.90$51.80—$65.00—————
02$42.90$46.90—$70.00—————
05$14.70$17.00—$100.00—————
013$5.40$7.50—$110.00—————
—————$111.0020.88%$0.80$0.952012
—————$112.0019.96%$1.00$1.1520
10$3.10$3.60—$113.0019.30%$1.25$1.4510
12$2.45$2.70—$114.00—————
11782$1.90$2.1518.70%$115.00—$2.05$2.303274
04$1.50$1.7519.07%$116.00—$2.60$3.0042
10130$1.10$1.3018.55%$117.00—————
07$0.80$1.0018.55%$118.00—————
01$0.55$0.7518.41%$119.00—————
3772$0.40$0.5518.53%$120.00—————

Forward $114.85. The 25-delta put carries +2.47 volatility points over the 25-delta call.

2026-10-23(29 days)ATM 19.63%±6.36skew +2.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$108.0022.90%$0.55$0.70520
—————$110.0022.41%$0.85$1.1540
01$4.60$7.30—$111.0021.51%$0.95$1.40120
028$4.10$4.70—$112.0020.95%$1.25$1.6090
10$3.40$4.00—$113.0020.64%$1.55$1.9510
01$2.80$3.40—$114.0019.70%$1.85$2.25100
02$2.30$2.80—$115.0019.68%$2.30$2.7520
06$1.75$2.3019.16%$116.00—$2.85$3.4050
02$1.40$1.8519.12%$117.00—————
03$1.05$1.5019.00%$118.00—$4.10$4.5013
—————$119.00—$4.30$5.3031
63$0.60$0.9519.09%$120.00—$3.80$6.1020
—————$122.00—$5.50$8.6060

Forward $115.03. The 25-delta put carries +2.42 volatility points over the 25-delta call.

2027-01-15(113 days)ATM 20.29%±13.04skew +3.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
041$63.00$67.00—$50.00—————
02$58.20$62.00—$55.00—————
02$53.30$57.10—$60.00—————
04$48.30$52.10—$65.00—————
053$43.30$47.20—$70.00—————
08$39.40$42.30—$75.00—————
0212$35.10$37.50—$80.00—————
029$30.30$32.70—$85.00—————
032$25.40$27.90—$90.00—————
010$20.20$23.20—$95.00—————
0185$16.30$18.80—$100.0026.06%$1.05$1.558020
041$12.00$14.50—$105.0023.15%$1.70$2.051,1030
0132$8.40$10.70—$110.0021.20%$2.75$3.206080
0285$5.20$5.60—$115.0020.50%$4.80$5.107217
01,238$3.00$3.3019.71%$120.00—$7.30$8.002330
02,477$1.65$1.8519.56%$125.00—$9.40$11.802260
272,798$0.85$1.1019.93%$130.00—$14.20$15.901790
—————$135.00—$18.30$20.90510

Forward $115.46. The 25-delta put carries +3.59 volatility points over the 25-delta call.

2027-02-19(148 days)ATM 21.66%±16.01skew +4.56
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$90.0030.38%$0.65$1.0550
—————$95.0028.38%$1.00$1.50310
011$17.20$19.50—$100.0026.01%$1.50$2.0094
0266$13.20$15.50—$105.0024.29%$2.35$2.8530140
05$9.40$11.90—$110.0022.94%$3.70$4.10924
25$6.40$7.50—$115.0022.15%$5.50$6.20360
038$4.10$4.9021.13%$120.00—$7.80$8.70180
4133$2.55$3.1020.76%$125.00—————
26150$1.25$1.8019.73%$130.00—————
1572$0.65$0.8518.93%$135.00—————
0114$0.35$0.5519.51%$140.00—————

Forward $116.12. The 25-delta put carries +4.56 volatility points over the 25-delta call.

2027-03-19(176 days)ATM 21.38%±17.20skew +3.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$95.0027.44%$1.20$1.80130
01$16.70$19.50—$100.0025.30%$1.85$2.301750
05$13.30$16.00—$105.0023.70%$2.80$3.201,0940
019$10.10$11.90—$110.0022.36%$4.10$4.601380
026$7.00$7.40—$115.0021.62%$6.10$6.60410
058$4.70$5.1021.05%$120.00—$8.90$9.203190
1769$2.80$3.3020.15%$125.00—$10.20$12.704120
0198$1.65$2.1519.98%$130.00—$14.20$17.30170
0292$0.50$0.7019.33%$140.00—————

Forward $115.87. The 25-delta put carries +3.72 volatility points over the 25-delta call.

2027-06-17(266 days)ATM 21.09%±21.10skew +3.53
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$36.10$39.00—$80.00—————
01$31.10$34.50—$85.00—————
02$27.00$30.00—$90.0029.03%$1.45$2.15230
01$23.10$25.80—$95.0027.30%$1.95$2.808440
06$19.20$21.60—$100.0025.07%$2.65$3.307550
01$15.30$17.70—$105.0023.69%$3.60$4.402,1340
02$11.70$14.10—$110.0022.70%$5.00$5.901600
058$8.80$11.50—$115.0022.04%$6.80$8.00600
017$6.30$7.5020.93%$120.00—$8.60$10.603180
065$4.30$5.5020.36%$125.00—$11.40$14.00200
0816$3.00$3.8020.00%$130.00—$14.90$17.7060
0394$2.00$2.8520.16%$135.00—————
0635$1.45$2.0020.39%$140.00—————

Forward $117.21. The 25-delta put carries +3.53 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.