Options Skew Analytics

AG option chain

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

Data as of 25 September 2026 (end of day)

2026-10-02(7 days)ATM 52.17%±1.38skew -1.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
21$5.35$5.65—$13.50—————
03$4.85$5.30—$14.00—————
1515$4.45$4.60—$14.50—————
214$3.65$4.35—$15.00—————
445$2.86$3.15—$16.00—————
14125$2.23$2.76—$16.50—————
3167$1.94$2.15—$17.0056.03%$0.03$0.0628345
570$1.46$1.70—$17.5053.22%$0.06$0.1131519
350$1.13$1.27—$18.0054.38%$0.15$0.22793510
142139$0.79$1.06—$18.5054.81%$0.29$0.39691102
5527,080$0.53$0.60—$19.0052.14%$0.50$0.56453376
163463$0.34$0.3852.85%$19.50—$0.80$1.1618627
356437$0.22$0.2555.47%$20.00—$1.13$1.3113034
396400$0.13$0.2160.41%$20.50—$1.50$1.79769
77490$0.07$0.1057.85%$21.00—$2.00$2.152589
48241$0.06$0.0965.24%$21.50—$2.25$2.89350
—————$22.00—$2.94$3.1566125
—————$22.50—$3.35$4.1010
—————$23.00—$3.70$4.901030
—————$23.50—$4.20$5.4010
—————$25.00—$5.50$7.00110

Forward $19.04. The 25-delta put carries -1.09 volatility points over the 25-delta call.

2026-10-09(14 days)ATM 57.94%±2.15skew -7.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$5.80$6.45—$13.00—————
27$4.90$5.30—$14.00—————
10$4.35$4.65—$14.50—————
042$2.82$3.35—$16.00—————
0123$2.00$2.90—$16.50—————
04$1.75$2.46—$17.00—————
02$1.50$1.98—$17.5052.80%$0.19$0.2790203
1149$1.31$1.48—$18.0051.45%$0.32$0.381042
2543$1.00$1.13—$18.5052.68%$0.50$0.60130208
17142$0.80$0.8857.05%$19.00—$0.73$0.9741515
2052$0.57$0.7760.11%$19.50—$1.01$1.243425
73164$0.41$0.4755.99%$20.00—$1.35$1.5012222
10493$0.29$0.3958.49%$20.50—$1.68$2.03593
84110$0.21$0.2557.69%$21.00—$2.12$2.29406
—————$21.50—$2.52$2.911900
66856$0.11$0.1561.27%$22.00—$2.95$3.35210
38135$0.07$0.1161.60%$22.50—$3.25$4.45120
3199$0.06$0.1166.51%$23.00—$3.75$4.9560
—————$23.50—$4.25$5.4530
—————$24.00—$4.70$5.9020
—————$24.50—$5.05$6.5530

Forward $18.99. The 25-delta put carries -7.04 volatility points over the 25-delta call.

2026-10-16(21 days)ATM 55.24%±2.53skew -3.08
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0110$4.90$5.25—$14.00—————
150$4.45$4.65—$14.50—————
0311$3.75$4.30—$15.0059.37%$0.03$0.062,35510
01$3.10$3.85—$15.50—————
1961$3.00$3.25—$16.0055.42%$0.08$0.122,35522
102$2.48$2.96—$16.50—————
07,402$2.00$2.45—$17.0054.67%$0.23$0.262,16736
011$1.62$2.07—$17.5055.00%$0.33$0.41668121
868,915$1.56$1.63—$18.0054.55%$0.50$0.543,5392,970
354$1.12$1.35—$18.5054.52%$0.69$0.744313
313,469$1.00$1.08—$19.0055.02%$0.92$1.004,155108
18667$0.79$0.8655.47%$19.50—$1.19$1.3974023
809,451$0.63$0.6756.09%$20.00—$1.56$1.664,44765
124626$0.49$0.5557.46%$20.50—$1.85$2.38590
446,698$0.36$0.4558.08%$21.00—$2.25$2.732,3932
1337$0.29$0.3559.18%$21.50—$2.65$3.1510
482,983$0.23$0.2860.44%$22.00—$3.10$3.351,4293
175,616$0.14$0.2164.17%$23.00—$4.00$4.408200
424$0.11$0.1865.79%$23.50—————
2554,000$0.09$0.1164.43%$24.00—$4.95$5.202290
417$0.08$0.1167.94%$24.50—————

Forward $19.08. The 25-delta put carries -3.08 volatility points over the 25-delta call.

2026-10-23(28 days)ATM 58.55%±3.07skew -5.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$6.85$7.50—$12.00—————
100$5.85$6.50—$13.00—————
05$4.85$5.35—$14.00—————
01$2.05$3.25—$16.50—————
08$1.85$2.62—$17.0056.22%$0.31$0.512050
02$1.78$2.22—$17.5054.67%$0.44$0.63341
118$1.59$1.95—$18.0056.33%$0.61$0.89382
018$1.20$1.66—$18.5059.27%$0.81$1.25920
1217$1.01$1.3258.20%$19.00—————
245$0.91$1.0759.94%$19.50—$1.36$1.55613
306265$0.75$0.8860.26%$20.00—$1.53$2.101010
—————$20.50—$2.00$2.55140
22144$0.48$0.6261.34%$21.00—$2.32$2.9580
—————$21.50—$2.56$3.7510
3196$0.33$0.3961.99%$22.00—————
—————$22.50—$3.40$4.6010
363$0.22$0.2763.71%$23.00—$3.90$5.1040

Forward $18.90. The 25-delta put carries -5.77 volatility points over the 25-delta call.

2026-10-30(35 days)ATM 59.42%±3.50skew -4.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$5.10$6.60—$13.00—————
02$4.25$5.45—$14.00—————
—————$16.0056.19%$0.22$0.2915887
398$2.14$2.78—$17.0058.78%$0.46$0.6111990
01$1.84$2.36—$17.5056.86%$0.59$0.73295
847$1.61$2.05—$18.0057.10%$0.78$0.9312110
37$1.41$1.88—$18.5057.51%$1.01$1.16283118
859$1.33$1.45—$19.0059.19%$1.25$1.507123
1137$1.13$1.2359.52%$19.50—$1.54$1.67104
4238$0.90$1.1059.98%$20.00—$1.84$2.0161
—————$20.50—$2.15$2.4030
4476$0.62$0.8461.81%$21.00—$2.51$2.73122
358$0.52$0.8565.69%$21.50—————
—————$22.00—$3.25$4.0010
5114$0.39$0.4863.24%$22.50—————
14$0.27$0.3965.77%$23.50—————
062$0.22$0.3265.63%$24.00—$4.20$6.5010
—————$26.00—$6.65$8.15190
—————$26.50—$7.10$8.601800

Forward $19.02. The 25-delta put carries -4.46 volatility points over the 25-delta call.

2026-11-20(56 days)ATM 61.32%±4.60skew -4.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$7.35$8.35—$11.00—————
080$5.00$5.40—$14.00—————
—————$15.0061.54%$0.27$0.39441
071$3.20$3.80—$16.0059.84%$0.48$0.56321
017$2.67$3.10—$17.0061.00%$0.78$0.927919
061$2.22$2.44—$18.0059.84%$1.16$1.276714
10184$1.81$1.93—$19.0061.00%$1.68$1.792734
23446$1.41$1.5261.47%$20.00—$2.27$2.6451418
5355$1.10$1.2062.36%$21.00—$2.96$3.40283
46259$0.84$0.9563.04%$22.00—$3.65$4.1531
87643$0.68$0.7664.74%$23.00—————
2267$0.52$0.6165.57%$24.00—————
7494$0.42$0.4866.69%$25.00—$6.20$6.55103
19$0.30$0.4167.50%$26.00—$7.05$7.80170
8135$0.23$0.3568.88%$27.00—$8.00$8.3501

Forward $19.14. The 25-delta put carries -4.58 volatility points over the 25-delta call.

2026-12-18(84 days)ATM 62.03%±5.71skew -5.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
14,796$8.60$9.40—$10.00—————
032$7.65$8.45—$11.00—————
05,035$7.20$7.50—$12.00—————
020$5.80$6.60—$13.00—————
077$4.95$5.70—$14.0061.69%$0.28$0.423560
114,811$4.60$4.75—$15.0059.65%$0.49$0.546,0532
0402$3.55$4.15—$16.0061.66%$0.73$0.959833
53,413$3.15$3.50—$17.0059.41%$1.10$1.152,38718
103,400$2.68$2.89—$18.0060.76%$1.56$1.631,43167
233,389$2.27$2.37—$19.0061.66%$2.08$2.181,931226
9610,436$1.88$1.9561.97%$20.00—$2.68$2.7113,2941,273
251,181$1.56$1.7564.54%$21.00—$3.35$3.452,1861
2762,937$1.29$1.3363.20%$22.00—$4.00$4.554720
03,400$0.95$1.1863.27%$23.00—$4.75$5.352950
1807$0.84$0.9764.72%$24.00—$5.55$6.201130
1,01445,562$0.73$0.9067.54%$25.00—$6.45$6.751,0290
7011,012$0.61$0.7367.66%$26.00—$7.30$7.853165
55,598$0.52$0.6869.77%$27.00—$8.20$8.907190
732,797$0.46$0.5369.83%$28.00—$9.10$9.85380
0855$0.33$0.5270.70%$29.00—$10.05$10.5043
10137,867$0.31$0.4271.47%$30.00—$11.05$11.602670

Forward $19.19. The 25-delta put carries -5.88 volatility points over the 25-delta call.

2027-01-15(112 days)ATM 62.53%±6.65skew -5.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1410,012$8.95$9.45—$10.0065.45%$0.05$0.0932,8647
023$7.75$8.45—$11.00—————
15,366$7.25$7.55—$12.0062.40%$0.18$0.2323,38224
083$6.00$6.70—$13.0060.93%$0.28$0.361,25824
0105$5.20$5.85—$14.0060.11%$0.45$0.532930
511,224$4.75$5.10—$15.0058.80%$0.69$0.719,87416
01,226$3.95$4.45—$16.0060.14%$1.00$1.106481
05,796$3.35$3.80—$17.0060.38%$1.38$1.504,9359
371,412$3.05$3.20—$18.0060.13%$1.85$1.9178817
51,123$2.61$2.73—$19.0061.96%$2.38$2.5683211
10713,173$2.24$2.3362.53%$20.00—$2.98$3.105,15812
11,046$1.81$2.0562.52%$21.00—$3.60$3.806061
127,890$1.58$1.8865.08%$22.00—$4.30$4.801,2300
20999$1.33$1.5063.80%$23.00—$5.05$5.457970
0604$1.11$1.2563.52%$24.00—$5.80$6.402590
87912,226$1.02$1.0765.07%$25.00—$6.65$6.956,4960
0910$0.83$0.9465.21%$26.00—$7.50$8.15120
272,508$0.77$0.8266.80%$27.00—$8.40$8.952350
3620$0.67$0.7167.38%$28.00—$9.30$9.951550
1951,015$0.60$0.6468.66%$29.00—$10.25$10.5560
6312,185$0.53$0.5669.33%$30.00—$11.20$11.502550

Forward $19.20. The 25-delta put carries -5.07 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.