Options Skew Analytics

AFRM option chain

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

Data as of 24 September 2026 (end of day)

2026-09-25(1 day)ATM 64.08%±2.40skew +3.33
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$10.55$12.80—$59.00—————
011$9.55$11.95—$60.00—————
023$9.30$10.80—$61.00—————
011$7.55$10.10—$62.00—————
06$6.55$8.85—$63.00—————
09$5.55$8.05—$64.00—————
—————$65.0084.25%$0.01$0.0254591
—————$66.0078.42%$0.02$0.03811319
1620$3.25$4.95—$67.0074.78%$0.04$0.0683078
1960$2.70$3.90—$68.00—————
6958$2.33$2.96—$69.0068.78%$0.16$0.2455288
100267$1.70$2.15—$70.0067.48%$0.33$0.46891339
446458$1.15$1.38—$71.0067.28%$0.63$0.8322746
745304$0.65$0.8662.81%$72.00—$1.09$1.22210194
262597$0.36$0.4964.14%$73.00—————
114984$0.17$0.2463.54%$74.00—$2.40$3.45149
422934$0.05$0.1060.77%$75.00—$3.00$4.404418
63531$0.02$0.0664.91%$76.00—$4.30$6.5083133
—————$77.00—$5.15$7.4588124
—————$78.00—$5.90$8.5020
—————$85.00—$12.75$14.7510

Forward $71.60. The 25-delta put carries +3.33 volatility points over the 25-delta call.

2026-10-02(8 days)ATM 56.01%±5.94skew +1.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$7.70$11.70—$62.00—————
07$6.75$10.65—$63.00—————
02$6.40$9.75—$64.00—————
35$5.55$7.55—$65.0057.23%$0.31$0.41199120
2126$5.40$6.65—$66.0056.83%$0.44$0.5716143
3148$4.80$5.85—$67.0057.17%$0.65$0.7838634
829$4.45$4.85—$68.0057.04%$0.84$1.0925234
39106$3.65$4.10—$69.0057.24%$1.16$1.41135381
5676$3.20$3.50—$70.0056.10%$1.53$1.70138187
45100$2.63$2.90—$71.0055.03%$1.93$2.097014
79157$2.09$2.3156.07%$72.00—$2.41$2.71317
78153$1.65$1.9156.22%$73.00—$2.97$3.30734
3671,343$1.32$1.5256.30%$74.00—$3.40$3.9510223
189466$1.02$1.1555.48%$75.00—$4.20$4.656315
31144$0.78$0.9055.58%$76.00—$4.95$6.401350
60104$0.59$0.7256.10%$77.00—$5.60$8.00540
40128$0.44$0.5055.20%$78.00—$6.50$8.85310
13135$0.27$0.3954.42%$79.00—$7.35$9.75110
—————$80.00—$8.20$9.85120
—————$81.00—$9.10$11.551040
—————$82.00—$10.05$12.1010

Forward $71.64. The 25-delta put carries +1.47 volatility points over the 25-delta call.

2026-10-09(15 days)ATM 54.79%±7.96skew -0.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$9.30$12.95—$61.0058.30%$0.25$0.37723
02$7.15$11.00—$63.00—————
02$6.30$9.75—$64.0055.27%$0.47$0.7723020
057$7.10$8.85—$65.0054.65%$0.74$0.8316546
02$6.35$7.15—$66.0052.98%$0.83$1.053422
211$5.45$6.35—$67.0053.85%$1.19$1.296923
1112$5.00$5.50—$68.0053.24%$1.45$1.59976
1656$4.10$4.85—$69.0052.63%$1.75$1.94473
9017$3.90$4.40—$70.0052.59%$2.15$2.358625
518$3.35$3.75—$71.0052.60%$2.60$2.82740
129$2.87$3.1554.81%$72.00—$3.10$3.60151
726$2.44$2.6554.30%$73.00—$3.55$3.9030
19315$2.06$2.2654.34%$74.00—$4.20$4.50360
15548$1.69$1.9053.90%$75.00—$4.90$5.20340
2034$1.41$1.5953.93%$76.00—$5.60$6.10140
2087$1.15$1.3353.86%$77.00—$6.10$6.8010
384$0.94$1.1254.08%$78.00—$7.00$9.3590
242$0.77$1.0455.60%$79.00—$7.70$10.2030
21338$0.63$0.7654.37%$80.00—$8.50$11.05330
661$0.50$0.6554.77%$81.00—$9.40$11.9020
—————$82.00—$10.30$12.8040

Forward $71.66. The 25-delta put carries -0.24 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 54.32%±9.58skew +1.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$63.0055.69%$0.70$0.953810
—————$64.0055.75%$1.00$1.0621745
1296$7.50$8.35—$65.0055.34%$1.18$1.3193345
37$6.75$7.55—$66.0055.24%$1.44$1.5835712
1055$6.15$6.80—$67.0055.03%$1.72$1.89175
0104$4.20$6.40—$67.5055.05%$1.90$2.051,23423
1214$5.65$6.10—$68.0055.16%$2.09$2.23517
10119$5.15$5.50—$69.0054.96%$2.44$2.636951
311,445$4.65$4.90—$70.0054.90%$2.87$3.052,961618
713$4.15$4.30—$71.0054.82%$3.30$3.55190
11114$3.60$3.8554.29%$72.00—$3.60$4.20100
9461$3.40$3.6054.32%$72.50—$4.10$4.309710
136$3.15$3.3553.86%$73.00—————
2618$2.76$2.8853.48%$74.00—$4.75$5.4001
1711,113$2.39$2.5053.33%$75.00—$5.60$5.806287
1262$2.10$2.2053.81%$76.00—$6.00$6.7020
2423$1.79$1.9253.78%$77.00—$6.75$7.7510
241,584$1.66$1.7853.76%$77.50—$7.10$7.853030
1611$1.54$1.6653.86%$78.00—————
926$1.33$1.4153.85%$79.00—————
422,244$1.13$1.2053.79%$80.00—$9.20$11.107250

Forward $71.82. The 25-delta put carries +1.39 volatility points over the 25-delta call.

2026-10-23(29 days)ATM 52.56%±10.66skew +2.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$9.70$11.90—$61.0056.77%$0.63$1.03528
—————$62.0053.62%$0.73$1.001837
—————$63.0053.30%$0.98$1.11209
01$7.05$9.35—$64.0053.31%$1.21$1.3370
05$6.80$8.60—$65.0052.37%$1.35$1.592802
26$7.00$7.90—$66.0053.26%$1.76$1.87451
—————$67.0052.88%$2.02$2.2150
02$5.80$6.55—$68.00—————
124$5.65$6.05—$69.0054.06%$2.78$3.15130
217$5.10$5.40—$70.0054.64%$3.00$3.90150
18$4.55$4.85—$71.0057.44%$3.65$4.6550
622$4.05$4.3552.58%$72.00—$4.10$4.4591
1111$3.60$3.9052.55%$73.00—$4.55$4.9530
011$3.20$3.4552.38%$74.00—————
728$2.84$3.1052.65%$75.00—$5.90$6.2080
11$2.49$2.8353.08%$76.00—$6.40$6.8520
08$2.20$2.4552.78%$77.00—$7.15$8.0001
1618$1.69$2.2251.55%$78.00—————
6229$1.13$1.7050.49%$80.00—$9.40$10.9510
18$1.21$1.4352.11%$81.00—————
—————$82.00—$10.70$13.4010

Forward $71.92. The 25-delta put carries +2.77 volatility points over the 25-delta call.

2026-10-30(36 days)ATM 52.37%±11.78skew +0.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$62.0055.32%$1.00$1.6279
01$8.85$10.70—$63.00—————
—————$64.0056.37%$1.44$2.352117
—————$65.0054.63%$1.70$2.454717
—————$66.0054.62%$2.03$2.78240
—————$67.0055.65%$2.40$3.3010
012$6.15$7.20—$68.0053.85%$2.65$3.55150
06$5.90$6.60—$69.0055.29%$3.10$4.2080
742$4.70$5.85—$70.0053.99%$3.60$4.40111
01$4.80$5.35—$71.0055.74%$4.00$5.3031
05$4.30$4.9553.74%$72.00—$4.55$5.4510
614$3.60$4.4551.90%$73.00—$4.95$5.5510
03$3.40$4.1553.63%$74.00—$5.50$6.6520
022$2.80$3.7552.19%$75.00—$6.25$7.15120
20$2.71$3.3553.32%$76.00—————
03$2.37$2.9752.79%$77.00—$7.55$8.1001
08$1.92$2.6451.52%$78.00—————
05$1.87$2.4953.54%$79.00—————
7102$1.62$2.1552.80%$80.00—————
027$1.45$2.1554.59%$81.00—————
05$1.26$1.7853.44%$82.00—————

Forward $71.62. The 25-delta put carries +0.04 volatility points over the 25-delta call.

2026-11-20(57 days)ATM 63.00%±17.97skew +1.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
014$25.15$27.45—$45.00—————
02$22.80$25.45—$47.5068.39%$0.31$0.51640
032$20.45$22.95—$50.00—————
029$18.25$20.70—$52.5066.14%$0.78$0.941522
030$17.40$18.45—$55.0064.78%$1.12$1.243,94958
022$14.10$16.50—$57.5064.87%$1.64$1.7244363
0231$12.20$14.45—$60.0064.09%$2.17$2.311,39597
2061$11.75$12.85—$62.5063.77%$2.87$3.0529536
11210$10.85$11.10—$65.0063.54%$3.75$3.9090734
2129$9.35$9.60—$67.5063.26%$4.75$4.9047962
3141,036$8.00$8.15—$70.0063.05%$5.90$6.051,162249
28521$6.80$7.1062.92%$72.50—$7.20$7.355314
891,028$5.75$6.1063.01%$75.00—$8.35$8.803690
11386$4.85$5.1062.62%$77.50—$10.20$10.407970
2031,626$4.05$4.3562.74%$80.00—$11.90$12.105190
31207$3.40$3.6062.55%$82.50—$13.50$15.601030
59835$2.84$2.9962.52%$85.00—$15.30$17.851400
56282$2.34$2.5462.74%$87.50—$17.35$19.85310
94965$1.95$2.0862.68%$90.00—$19.65$21.95390
54146$1.63$1.7863.24%$92.50—$21.70$23.5050
10673$1.22$1.5462.89%$95.00—$23.95$25.3050

Forward $72.17. The 25-delta put carries +1.03 volatility points over the 25-delta call.

2026-12-18(85 days)ATM 59.36%±20.75skew +0.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0106$25.55$27.90—$45.00—————
050$23.25$25.80—$47.50—————
495$21.00$23.60—$50.0062.62%$0.88$1.022,1847
07$18.90$21.40—$52.5064.96%$1.19$1.821,5162
0101$16.90$19.20—$55.0060.73%$1.57$1.835101
045$15.35$17.30—$57.5060.87%$2.19$2.41321508
1615$14.45$15.45—$60.0060.59%$2.86$3.1091820
074$12.55$13.75—$62.5060.29%$3.65$3.9032954
5131$11.45$12.20—$65.0059.86%$4.55$4.801,1823
17206$10.05$10.75—$67.5059.65%$5.55$5.905826
47811$9.20$9.65—$70.0059.83%$6.80$7.1043314
741,466$8.05$8.3559.83%$72.50—$8.10$8.4529577
180687$7.00$7.2059.36%$75.00—$9.65$9.851602
15465$6.05$6.3059.36%$77.50—$10.90$11.452,2343
283,631$5.25$5.5059.52%$80.00—$12.70$13.106141
3236$4.50$4.7559.34%$82.50—$14.55$15.50360
2392$3.90$4.1059.44%$85.00—$16.50$17.80570
1142$2.83$3.5557.35%$87.50—$18.45$19.801620
67330$2.85$3.1059.64%$90.00—$20.10$21.051030
091$2.44$2.6759.70%$92.50—$22.55$24.5080
7240$2.10$2.3860.24%$95.00—$24.70$26.701438

Forward $72.42. The 25-delta put carries +0.60 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.