Options Skew Analytics

AMAT option chain

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

Data as of 23 September 2026 (end of day)

2026-09-25(2 days)ATM 57.67%±20.22skew -0.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1227$24.65$30.20—$447.5060.73%$0.99$1.059047
34830$24.65$25.20—$450.0060.11%$1.25$1.30790135
750$22.45$23.05—$452.5059.56%$1.55$1.637030
23887$20.35$20.85—$455.0059.15%$1.94$2.02340339
57944$18.35$18.80—$457.5058.77%$2.40$2.504385
75437$16.45$16.80—$460.0058.63%$2.96$3.10535430
43228$14.65$15.00—$462.5058.20%$3.60$3.7555225
237410$12.95$13.25—$465.0058.20%$4.40$4.5591656
15068$11.35$11.65—$467.5058.09%$5.30$5.453255
427463$9.85$10.20—$470.0058.03%$6.30$6.5065194
333134$8.50$8.80—$472.5057.82%$7.45$7.6031158
804371$7.30$7.5057.62%$475.00—$8.75$8.95118178
52496$6.30$6.5058.35%$477.50—$10.15$10.351083
351678$5.30$5.5058.22%$480.00—$11.60$11.9011243
94133$4.45$4.6058.17%$482.50—$13.25$13.55621
122220$3.75$3.9058.67%$485.00—$15.00$15.358313
67120$3.10$3.2558.78%$487.50—$16.85$17.201811
479589$2.61$2.7059.27%$490.00—$18.80$19.208815
55112$2.13$2.2559.54%$492.50—$20.00$22.1510
114351$1.76$1.8659.98%$495.00—$22.90$23.4510
1358$1.46$1.5260.42%$497.50—————

Forward $473.63. The 25-delta put carries -0.15 volatility points over the 25-delta call.

2026-10-02(9 days)ATM 53.08%±39.54skew -0.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
14195$29.10$32.65—$450.0053.89%$5.95$6.70305323
059$27.25$30.80—$452.5054.48%$6.65$7.751467
892$25.15$28.70—$455.0053.64%$7.35$8.2012712
2144$23.95$27.25—$457.5054.15%$7.60$9.9020118
14352$22.45$25.15—$460.0054.22%$9.30$10.0526829
434$21.05$23.45—$462.5053.01%$9.65$10.9580
15194$20.25$21.30—$465.0052.23%$10.20$12.005020
5241$17.85$19.65—$467.5053.17%$11.80$13.1063
41278$17.45$18.30—$470.0054.80%$13.15$15.0011012
321$15.40$17.00—$472.5055.43%$14.00$16.9551
23257$15.00$15.7552.73%$475.00—$15.00$16.902342
152$13.10$15.8553.61%$477.50—$16.30$19.6003
93229$12.90$13.6053.19%$480.00—$17.90$20.801210
24922$11.95$12.6553.49%$482.50—$19.40$22.6013
10790$10.95$11.6553.42%$485.00—$20.60$23.65543
745$9.20$11.9554.10%$487.50—$22.10$25.8012
26239$9.20$9.9053.54%$490.00—$23.70$26.35414
318$7.80$9.2052.66%$492.50—————
14106$7.60$8.3553.50%$495.00—$26.95$30.80341
64$6.55$8.0053.52%$497.50—————
452881$6.50$7.1054.23%$500.00—$30.50$34.652090

Forward $474.42. The 25-delta put carries -0.35 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 52.77%±52.42skew -0.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
025$43.75$48.15—$435.0052.57%$5.50$6.70512
—————$437.5053.10%$5.75$7.9560
0498$40.00$44.30—$440.0051.95%$6.80$7.503952
—————$442.5052.84%$7.50$8.7080
020$36.40$40.35—$445.0051.67%$7.70$9.20421
02$34.70$38.80—$447.50—————
333$33.10$36.20—$450.0052.74%$9.80$10.95549
40$31.40$35.30—$452.5053.21%$10.80$12.0010
147$29.85$33.60—$455.0053.11%$11.70$12.85529
2385$27.10$30.40—$460.0053.55%$13.65$15.157016
2431$24.25$27.40—$465.0053.02%$15.05$17.653630
2556$21.55$23.55—$470.0052.54%$16.85$20.151430
1491$18.85$22.4052.73%$475.00—$19.55$22.651930
2763$17.95$18.8052.79%$480.00—$23.00$25.30660
313$15.85$16.7052.76%$485.00—$24.60$28.40310
126$13.95$15.5553.75%$490.00—$27.55$31.75290
824$12.25$13.7553.74%$495.00—$30.80$35.15670
144156$10.80$11.7553.34%$500.00—$34.20$38.60220
21125$8.50$11.1553.26%$505.00—$38.85$42.2530
3046$7.35$9.7553.26%$510.00—$41.75$46.0510
047$6.30$8.6553.46%$515.00—$45.15$50.0010

Forward $474.52. The 25-delta put carries -0.62 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 54.42%±64.86skew -0.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
45$51.20$51.50—$432.5054.44%$9.00$9.1585
26$49.35$49.70—$435.0054.47%$9.70$9.85676
43$47.60$47.95—$437.5054.47%$10.40$10.60133
43989$45.85$46.15—$440.0054.38%$11.15$11.301,544120
283$44.10$44.40—$442.5054.32%$11.90$12.101531
133$42.45$42.75—$445.0054.36%$12.75$12.957052
205$40.80$41.15—$447.5054.31%$13.60$13.806325
29810$39.20$39.50—$450.0054.28%$14.50$14.701,85623
5754$37.65$37.95—$452.5054.23%$15.40$15.6512535
108118$36.15$36.40—$455.0054.26%$16.40$16.657234
21699$33.25$33.55—$460.0054.29%$18.50$18.7577156
152141$30.50$30.80—$465.0054.29%$20.75$21.0052604
88672$27.95$28.15—$470.0054.34%$23.15$23.45778506
55194$25.55$25.8054.37%$475.00—$25.70$26.0516580
213792$23.30$23.5554.43%$480.00—$28.50$28.80769193
135106$21.25$21.5054.59%$485.00—$31.40$31.707236
187651$19.30$19.5554.65%$490.00—$34.50$34.756404
12031$17.55$17.7554.79%$495.00—$37.65$38.005234
3012,060$15.90$16.1054.91%$500.00—$41.05$41.3589543
106141$14.40$14.6055.08%$505.00—$44.55$44.85513
73525$13.00$13.2055.20%$510.00—$48.15$48.45449

Forward $474.80. The 25-delta put carries -0.73 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 53.74%±73.21skew -0.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$56.20$62.90—$425.0053.13%$8.50$9.901619
0314$54.55$58.55—$430.0053.82%$10.20$11.45718
026$50.25$55.25—$435.0053.87%$11.70$12.95313
082$45.00$52.40—$440.0054.11%$13.50$14.60414
137$43.05$48.40—$445.0053.96%$13.60$17.85147
231$40.00$44.50—$450.0053.58%$16.10$18.753513
011$37.15$42.20—$455.0054.24%$17.65$21.90171
6175$36.55$37.80—$460.0054.27%$21.30$22.60384
2218$32.40$35.30—$465.0053.37%$21.20$26.35147
20115$31.20$32.60—$470.0054.33%$25.95$27.502582
2934$28.00$31.10—$475.0054.43%$27.40$31.30327
830$24.80$28.9053.65%$480.00—$29.65$34.00200
115$23.30$27.3554.79%$485.00—————
80107$22.65$23.6554.50%$490.00—$36.30$39.7510
1123$20.75$22.1554.85%$495.00—$39.25$42.9010
2958$19.10$20.1554.75%$500.00—$41.20$46.0540
112$17.40$18.5554.76%$505.00—$44.60$49.45222
023$14.50$17.2553.66%$510.00—$48.95$53.0031
3110$13.10$15.8053.65%$515.00—$52.25$56.6010
526$13.10$14.1054.62%$520.00—————
311$10.40$14.0054.26%$525.00—————

Forward $475.20. The 25-delta put carries -0.39 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 54.61%±82.65skew -1.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$60.25$65.45—$425.0051.92%$9.15$12.80752
010$56.60$61.85—$430.0052.95%$11.85$13.95365
018$51.80$58.95—$435.0053.54%$12.15$17.40340
023$48.70$54.80—$440.0053.41%$15.40$17.454117
05$45.90$51.75—$445.0054.74%$16.95$21.00190
138$42.95$49.20—$450.0053.87%$19.00$21.95357
16$40.15$45.40—$455.0054.19%$21.55$23.9534
459$37.45$42.20—$460.0054.11%$23.65$26.20126
352$34.90$39.55—$465.0054.45%$25.40$29.55231
133$33.30$37.75—$470.0053.66%$26.90$32.05392
028$31.45$34.35—$475.0054.55%$30.50$34.701615
020$27.90$33.0554.29%$480.00—$33.60$36.95453
141$26.10$31.3554.95%$485.00—$35.85$39.3033
045$24.05$29.4055.00%$490.00—$38.45$43.3580
111$22.00$27.5054.91%$495.00—$40.95$46.4510
19372$20.80$24.6554.55%$500.00—$44.90$49.6540
081$19.85$23.2055.41%$505.00—————
0192$17.35$21.3054.38%$510.00—$51.05$56.2510
026$15.80$20.5054.95%$515.00—$54.80$59.8020
128$14.95$18.2054.65%$520.00—$58.00$63.4010
512$14.45$16.3554.92%$525.00—$61.95$67.1010

Forward $475.30. The 25-delta put carries -1.97 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 57.65%±109.62skew -0.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
6216$101.70$108.15—$380.0058.91%$8.35$9.151,17051
2143$95.15$100.45—$390.0058.60%$10.40$11.0553047
0203$86.15$91.80—$400.0058.54%$12.90$13.352,371119
0123$79.25$84.50—$410.0058.49%$15.40$16.3579644
8421$73.30$78.05—$420.0058.11%$17.80$19.7597764
1329$66.65$70.90—$430.0058.59%$21.85$23.3089251
81,323$61.50$63.00—$440.0058.03%$25.65$26.5077647
291,130$55.75$58.60—$450.0057.34%$28.90$30.7572836
29280$50.35$51.80—$460.0058.54%$34.00$36.6031442
21225$46.00$47.10—$470.0058.31%$39.00$41.255188
125575$41.45$42.4557.54%$480.00—$43.85$45.951,31513
341,474$37.30$38.3057.65%$490.00—$49.65$53.054359
137831$32.35$34.4056.93%$500.00—$56.30$58.006780
5546$30.15$32.0558.66%$510.00—$62.75$65.6520
521,251$27.05$28.0058.23%$520.00—$68.65$72.555705
4035$24.25$25.2058.46%$530.00—$75.05$80.00017
32808$21.70$22.5058.57%$540.00—$82.95$87.505370
2341$19.40$20.3058.86%$550.00—$90.95$95.6511
98744$17.30$18.0058.88%$560.00—$98.45$103.0014310
5—$14.55$16.3058.51%$570.00—$106.45$111.10—0
9279$13.05$14.5058.74%$580.00—$113.85$119.45840

Forward $477.03. The 25-delta put carries -0.40 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 56.39%±130.92skew -1.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01,005$132.40$137.25—$350.0057.85%$7.05$8.101,94012
0251$122.95$129.00—$360.0057.49%$8.75$9.6069338
082$116.05$120.80—$370.0057.07%$10.45$11.5071811
0368$107.00$113.65—$380.0056.77%$12.75$13.401,24411
0194$99.60$105.40—$390.0057.04%$15.15$16.451,05823
13687$93.75$97.80—$400.0056.66%$18.20$18.651,810108
0127$86.60$91.20—$410.0056.49%$21.10$21.8568025
5232$79.10$83.65—$420.0055.86%$23.70$25.251,26260
9402$73.95$77.15—$430.0055.75%$27.40$28.9550113
0345$66.50$73.10—$440.0055.80%$31.35$33.3051221
62,683$62.05$65.40—$450.0055.76%$35.80$37.6572824
8249$58.35$60.30—$460.0056.51%$41.15$43.1529534
21418$54.40$55.55—$470.0056.11%$46.05$47.703842
47191$49.85$50.9055.93%$480.00—$51.05$53.152613
72208$45.60$48.6556.98%$490.00—$56.95$59.7058310
93551$41.95$42.9556.17%$500.00—$62.50$65.951,0402
1361,319$35.25$36.7056.79%$520.00—$74.65$80.003200
58965$29.50$30.4056.81%$540.00—$89.25$94.104971
131,362$24.60$25.7057.22%$560.00—$104.65$108.851900
23363$20.45$21.4057.40%$580.00—$120.15$124.651730
261,130$16.50$18.1557.52%$600.00—$135.60$141.251470

Forward $478.26. The 25-delta put carries -1.03 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.