Options Skew Analytics

AFL option chain

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

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 21.79%±3.76skew +1.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$13.00$15.40—$111.00—————
01$12.00$14.30—$112.00—————
010$11.30$13.40—$113.00—————
05$10.10$12.30—$114.00—————
03$9.40$11.40—$115.00—————
05$8.20$10.20—$116.00—————
07$7.30$9.20—$117.00—————
055$6.20$8.40—$118.00—————
04$5.30$7.20—$119.00—————
022$4.50$6.50—$120.0027.35%$0.30$0.4570
048$3.80$5.40—$121.0026.05%$0.40$0.60111
017$3.20$3.50—$122.0023.96%$0.55$0.7080
067$2.50$2.75—$123.0023.13%$0.75$1.001300
07$1.80$2.05—$124.0022.58%$1.10$1.3572
69$1.20$1.5021.69%$125.00—————
020$0.80$1.1021.84%$126.00—$2.10$2.3570
12$0.55$0.7522.06%$127.00—$2.80$3.1020
03$0.30$0.5021.63%$128.00—$2.75$4.4010
—————$129.00—$3.50$5.5020
—————$130.00—$4.40$6.4020
—————$135.00—$9.00$11.2010

Forward $124.70. The 25-delta put carries +1.90 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 22.09%±5.38skew +3.44
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
024$64.00$66.10—$60.00—————
024$59.00$61.30—$65.00—————
07$29.00$31.10—$95.00—————
010$19.30$21.00—$105.00—————
055$14.10$16.20—$110.00—————
0189$9.30$11.50—$115.00—————
05$8.30$10.40—$116.00—————
02$7.40$9.50—$117.00—————
06$6.60$8.20—$118.00—————
01,017$4.70$6.70—$120.0024.80%$0.70$0.901780
0115$4.00$4.70—$121.0024.30%$0.90$1.15180
155$3.50$3.90—$122.0023.49%$1.15$1.40100
019$2.80$3.20—$123.0022.90%$1.40$1.80541
132$2.15$2.55—$124.0022.41%$1.80$2.2060
132,933$1.60$2.0021.68%$125.00—$2.30$2.702047
323$1.15$1.5020.93%$126.00—$2.90$3.3020
85$0.85$1.1520.99%$127.00—————
2014$0.60$0.8520.86%$128.00—————
320$0.45$0.6020.93%$129.00—————
01,671$0.30$0.4521.05%$130.00—$4.90$6.8010

Forward $124.35. The 25-delta put carries +3.44 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 18.88%±10.33skew +4.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
041$72.60$76.60—$50.00—————
02$68.00$71.70—$55.00—————
02$62.90$66.70—$60.00—————
04$58.30$61.60—$65.00—————
053$52.40$56.70—$70.00—————
08$47.60$51.70—$75.00—————
0213$43.20$46.70—$80.00—————
025$37.50$41.80—$85.00—————
030$34.10$36.40—$90.00—————
010$29.20$31.50—$95.00—————
0184$24.40$26.60—$100.00—————
041$19.60$21.90—$105.0028.09%$0.40$0.601,1805
0135$15.00$15.90—$110.0025.25%$0.75$0.856383
0286$10.70$11.40—$115.0022.57%$1.25$1.408533
21,460$7.00$7.80—$120.0020.92%$2.20$2.652408
12,562$3.90$4.2018.94%$125.00—$4.00$4.302400
53,634$1.90$2.1518.40%$130.00—$6.30$7.501880
22620$0.80$1.0018.23%$135.00—————
21,445$0.35$0.5018.99%$140.00—————

Forward $124.90. The 25-delta put carries +4.16 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 20.91%±15.79skew +4.02
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$25.10$27.60—$100.0028.25%$0.75$0.902490
05$20.50$22.90—$105.0026.21%$1.10$1.301,0630
040$16.10$18.90—$110.0024.62%$1.70$1.951598
0126$12.00$14.30—$115.0023.86%$2.45$3.40960
0224$8.80$10.60—$120.0021.74%$3.80$4.403270
6885$6.10$6.60—$125.0021.16%$5.60$6.804120
0462$3.60$4.3019.97%$130.00—$8.00$9.60200
01,177$2.15$2.7519.84%$135.00—————
0401$1.25$1.7019.89%$140.00—————

Forward $125.15. The 25-delta put carries +4.02 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 21.71%±21.49skew +4.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$44.90$47.30—$80.00—————
01$40.20$42.50—$85.00—————
02$35.60$38.00—$90.00—————
01$30.80$33.40—$95.00—————
06$26.50$28.90—$100.0028.05%$1.45$2.001,5030
03$22.30$24.60—$105.0026.96%$1.95$2.902,1360
06$18.10$20.70—$110.0025.54%$2.70$3.801600
062$14.20$16.70—$115.0024.24%$3.70$5.00800
031$10.90$13.30—$120.0023.08%$5.10$6.503200
162$8.50$10.30—$125.0022.53%$7.10$8.601880
0847$6.40$7.1021.33%$130.00—$10.20$11.2060
0432$4.00$5.3020.40%$135.00—————
0774$2.85$3.8020.45%$140.00—————
0242$1.65$2.7520.03%$145.00—————
411$0.30$0.5019.94%$165.00—————

Forward $126.59. The 25-delta put carries +4.21 volatility points over the 25-delta call.

2027-09-17(315 days)ATM 21.93%±25.81skew +3.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$36.10$38.90—$90.00—————
03$31.70$34.50—$95.0028.92%$1.65$2.45170
01$27.50$30.20—$100.0027.05%$2.15$2.90131
—————$105.0026.18%$2.80$4.00540
—————$110.0024.76%$3.60$5.00130
039$16.20$19.40—$115.0023.71%$4.80$6.30150
05$13.40$15.70—$120.0022.84%$6.30$8.00240
026$10.10$13.20—$125.00—————
035$7.80$9.2021.89%$130.00—$10.90$12.5010
145$6.00$7.2021.67%$135.00—————
042$4.00$5.6020.89%$140.00—————
0152$3.20$4.3021.19%$145.00—————
196$2.30$3.3021.12%$150.00—————
—————$190.00—$63.50$67.60—0

Forward $126.68. The 25-delta put carries +3.64 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.