Options Skew Analytics

AMGN option chain

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

Data as of 23 September 2026 (end of day)

2026-10-02(9 days)ATM 27.15%±17.42skew +0.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0157$27.95$31.20—$380.00—————
019$25.55$28.80—$382.50—————
729$23.10$26.50—$385.00—————
010$21.35$23.45—$387.50—————
10259$18.70$21.45—$390.0028.69%$1.21$1.60852
012$16.80$20.10—$392.50—————
1081$14.15$18.00—$395.0026.89%$1.63$2.4417685
34$12.80$15.05—$397.5028.07%$2.51$3.251031
7117$11.65$12.90—$400.0027.74%$3.15$3.95307
413$9.90$11.30—$402.5027.46%$3.95$4.757172
5142$8.35$9.35—$405.0027.16%$4.90$5.65172
279$7.00$7.90—$407.5027.02%$6.00$6.75565
5191$5.95$6.6527.28%$410.00—$7.30$8.052319
1619$4.85$5.7027.49%$412.50—$8.65$9.50100
2473$3.90$4.6027.15%$415.00—$10.30$11.5020104
61$3.05$3.8527.18%$417.50—————
2140$2.44$3.1527.34%$420.00—$12.35$15.2502
1290$1.81$2.5227.07%$422.50—————
—————$425.00—$16.00$18.9010
—————$427.50—$18.05$22.00—0
—————$432.50—$22.75$26.40—0

Forward $408.58. The 25-delta put carries +0.73 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 26.45%±27.17skew +0.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
057$43.05$47.00—$365.00—————
080$38.55$42.35—$370.00—————
0325$35.05$37.10—$375.0029.60%$1.35$2.08390133
7710$30.05$33.50—$380.0028.34%$1.85$2.461,546183
—————$382.5028.13%$2.17$2.8820
999$25.65$29.30—$385.0027.12%$2.41$3.0522814
33338$22.45$24.50—$390.0027.00%$3.50$4.105735
010$20.10$22.05—$392.5026.51%$3.90$4.7050
46774$18.80$20.90—$395.0026.57%$4.70$5.402543
11$16.85$19.25—$397.50—————
25980$15.50$16.70—$400.0026.85%$6.55$7.2094310
0117$13.80$15.30—$402.50—————
8309$12.70$13.85—$405.0026.66%$8.50$9.256983
27447$10.05$10.8026.45%$410.00—$10.95$11.503866
5481$7.85$8.7026.55%$415.00—$13.70$14.553182
431,014$6.05$6.8026.52%$420.00—$16.70$17.753610
17276$4.55$5.3026.57%$425.00—$20.25$22.254892
30509$3.35$4.0026.49%$430.00—$22.50$26.00549
—————$435.00—$27.20$29.95200
117504$1.77$2.5027.21%$440.00—$31.75$34.351140
—————$445.00—$35.40$38.6520

Forward $409.20. The 25-delta put carries +0.03 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 27.53%±35.92skew +2.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$58.65$62.90—$350.00—————
018$45.00$49.00—$365.00—————
03$40.70$44.50—$370.00—————
02$36.55$40.20—$375.0029.74%$2.66$4.251084
03$31.80$36.00—$380.00—————
06$28.25$32.00—$385.0029.58%$4.30$7.00281
03$24.40$27.65—$390.0027.62%$4.90$7.6063
05$22.10$24.40—$395.0028.41%$6.95$9.5520
010$18.95$21.15—$400.0027.77%$8.70$11.00291
14$15.50$18.25—$405.0027.14%$10.30$13.1010
053$12.60$15.7527.49%$410.00—$13.15$15.5050
1162$10.85$13.1027.60%$415.00—$15.75$18.351010
18$8.80$11.3527.78%$420.00—$18.90$21.7010
04$6.35$9.4026.82%$425.00—————
27$5.70$8.3028.14%$430.00—$25.85$28.4540
23$3.60$5.0527.40%$440.00—————
—————$540.00—$129.85$133.65—0

Forward $409.85. The 25-delta put carries +2.18 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 29.65%±48.43skew +1.53
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
19$53.15$55.45—$360.0031.89%$3.40$4.401,13812
020$48.60$51.80—$365.0031.11%$3.95$5.05501
049$44.50$47.60—$370.0030.81%$5.00$5.801323
018$40.10$43.70—$375.0030.80%$6.30$6.851173
129$36.45$39.65—$380.0030.60%$7.55$8.106795
6220$33.05$35.55—$385.0030.46%$9.00$9.551092
6138$29.70$32.15—$390.0030.48%$10.60$11.40803
639$26.35$28.70—$395.0030.21%$12.40$13.10576
31,099$23.75$25.30—$400.0030.12%$14.45$15.151818
3937$20.00$22.45—$405.0029.79%$16.10$17.702113
1221$18.20$20.0029.70%$410.00—$18.50$20.201,0911
73147$15.85$17.7029.59%$415.00—$21.30$23.20600
4339$13.70$15.5529.45%$420.00—$23.60$25.75630
1661$11.75$13.7029.39%$425.00—$27.45$28.85430
3483$9.30$11.9528.68%$430.00—$30.05$32.95540
2164$8.60$10.3029.21%$435.00—$34.40$36.50420
15390$7.70$8.4529.13%$440.00—$37.40$39.75350
31103$6.55$7.2029.07%$445.00—$40.45$44.50130
94710$5.50$6.0028.87%$450.00—$45.25$48.3550
2452$3.95$5.5528.62%$455.00—————
12324$3.35$5.1529.25%$460.00—————

Forward $409.75. The 25-delta put carries +1.53 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 28.15%±56.04skew +1.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0338$54.75$58.00—$360.0030.56%$5.60$6.1552822
0—$50.50$53.90—$365.0030.13%$6.15$7.35—0
1101$46.25$49.35—$370.0029.94%$7.50$8.2598210
2—$42.55$46.30—$375.0029.46%$7.95$9.95—0
4267$39.00$42.30—$380.0029.63%$10.15$11.0035237
10—$36.10$38.80—$385.0029.33%$11.15$12.95—5
21214$32.75$35.40—$390.0028.89%$12.75$14.402532
0—$29.75$31.60—$395.0029.17%$14.70$16.85—0
6367$26.95$28.55—$400.0028.90%$17.05$18.4538421
0—$23.65$26.00—$405.0028.58%$18.75$20.95—3
8812$21.70$23.55—$410.0028.68%$21.65$23.2515918
6—$18.55$21.2528.09%$415.00—$23.90$26.10—10
22300$17.30$18.5528.23%$420.00—$27.00$29.4034029
3—$14.75$17.1528.16%$425.00—$29.25$32.00—5
13232$13.60$14.7528.14%$430.00—$33.30$35.90226
9—$10.85$13.7527.78%$435.00—$35.65$39.40—0
101,067$10.25$11.7527.99%$440.00—$40.10$42.8050
0—$8.80$11.0528.34%$445.00—$44.10$46.75—0
8643$7.35$9.6027.95%$450.00—$46.90$50.502000
0—$6.55$8.8028.37%$455.00—$50.85$54.50—0
2668$5.80$7.7028.43%$460.00—$55.20$58.50100

Forward $410.18. The 25-delta put carries +1.09 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 28.51%±65.56skew +0.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
045$61.55$64.30—$355.0030.00%$6.20$6.95291
2549$57.55$60.80—$360.0028.70%$5.60$8.201,1370
048$53.10$56.75—$365.0028.65%$6.95$9.151490
0472$50.10$53.00—$370.0029.14%$8.80$10.601,0352
048$46.30$49.30—$375.0028.60%$9.70$11.85990
2735$42.80$45.85—$380.0029.22%$12.45$13.252183
072$39.55$42.40—$385.0028.58%$13.10$15.101150
11,029$36.05$39.35—$390.0029.13%$16.00$16.9014135
1206$33.15$35.15—$395.0029.05%$18.00$18.90689
81,478$30.25$32.35—$400.0027.99%$18.30$21.151544
0125$28.20$29.70—$405.0028.33%$21.25$23.50509
4614$25.10$27.20—$410.0028.19%$23.55$25.951114
4144$23.60$24.6028.44%$415.00—$27.50$29.35550
43410$21.50$22.7528.61%$420.00—$28.95$31.50310
094$18.55$20.7528.07%$425.00—$31.80$34.40280
33764$17.00$18.7528.14%$430.00—$35.10$37.55145
7119$15.70$16.7528.21%$435.00—$38.40$40.85450
11,333$14.25$15.1028.24%$440.00—$42.25$45.20420
5447$10.70$12.5027.88%$450.00—$49.30$52.45370
10342$8.75$10.3028.21%$460.00—$56.75$59.8510
11322$7.25$8.0028.27%$470.00—$65.20$68.7050

Forward $411.42. The 25-delta put carries +0.38 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 29.54%±84.79skew +1.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$103.75$107.05—$310.0033.57%$3.55$5.25580
063$94.90$98.35—$320.0032.44%$5.05$5.50710
027$86.55$89.30—$330.0032.64%$6.05$8.151520
022$79.10$81.15—$340.0031.56%$8.30$8.553220
078$70.65$74.20—$350.0031.24%$10.40$10.7015224
0180$63.10$66.65—$360.0030.73%$12.35$13.401541
080$56.95$59.55—$370.0030.67%$15.65$16.30950
070$50.10$52.30—$380.0030.53%$19.10$19.801,0775
090$43.95$47.15—$390.0030.25%$22.80$23.6516833
2245$38.25$40.30—$400.0029.77%$26.40$28.052923
0108$33.55$35.35—$410.0029.89%$31.45$33.20746
8165$28.75$30.7529.59%$420.00—$36.30$38.10446
7141$23.60$26.5528.92%$430.00—$42.10$44.40604
21456$20.80$23.1029.25%$440.00—$48.30$50.35520
13236$17.15$19.4028.71%$450.00—$55.30$57.352790
11111$15.65$16.9529.43%$460.00—$62.00$64.3540
140$13.15$14.2029.20%$470.00—$69.70$72.5040
4130$11.00$12.1029.14%$480.00—————
092$9.20$10.4529.23%$490.00—————
0204$7.75$8.9029.29%$500.00—$94.05$97.2050
120$4.90$6.4529.02%$520.00—————

Forward $412.17. The 25-delta put carries +1.59 volatility points over the 25-delta call.

2027-04-16(205 days)ATM 30.11%±93.36skew +2.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$63.05$66.15—$365.0031.29%$16.30$16.95166
01$59.55$62.70—$370.0031.46%$17.35$19.65150
213$56.75$59.60—$375.0031.16%$18.60$21.4020
013$53.65$56.15—$380.0031.31%$20.90$23.253010
02$50.00$53.25—$385.00—————
021$47.50$50.10—$390.0030.63%$24.65$26.25110
05$44.60$47.35—$395.0030.81%$26.50$29.25120
08$41.80$44.60—$400.0030.78%$28.60$31.7570
05$39.50$41.90—$405.00—————
011$37.00$39.40—$410.0030.32%$33.40$35.8010
055$34.50$36.9030.11%$415.00—————
04$32.05$34.7529.98%$420.00—————
04$30.45$32.6030.12%$425.00—————
011$28.00$30.5029.84%$430.00—————
020$26.00$28.1029.55%$435.00—————
115$24.45$26.3529.63%$440.00—$50.25$52.75280
02$22.80$24.7029.64%$445.00—————
037$20.55$23.1529.35%$450.00—————
14$19.00$21.7529.35%$455.00—————
011$18.65$19.8529.59%$460.00—————
03$16.30$18.4529.08%$465.00—————

Forward $413.69. The 25-delta put carries +2.21 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.