Options Skew Analytics

APD option chain

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

Data as of 22 September 2026 (end of day)

2026-11-20(59 days)ATM 26.48%±30.64skew +1.83
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$37.90$41.00—$250.0031.21%$1.65$2.7533
—————$260.0028.80%$3.00$3.6041
—————$270.0027.46%$5.00$5.7050
212$15.40$17.00—$280.0026.45%$8.10$8.90110
4329$10.60$11.6026.48%$290.00—————
1413$6.70$7.5026.14%$300.00—————
203$3.70$4.7025.63%$310.00—————
22$2.10$2.8025.67%$320.00—————

Forward $287.75. The 25-delta put carries +1.83 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 25.10%±35.46skew +2.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$96.40$100.50—$190.00—————
04$91.30$95.80—$195.00—————
03$77.10$80.30—$210.00—————
06$67.40$70.90—$220.00—————
027$57.50$61.80—$230.00—————
09$48.50$51.80—$240.00—————
026$39.60$42.90—$250.0029.41%$2.55$3.60902
08$31.30$34.70—$260.0027.75%$4.10$4.907010
033$23.40$27.50—$270.0026.40%$6.10$7.202711
014$17.50$19.50—$280.0026.26%$9.90$10.60920
067$13.30$14.3025.29%$290.00—$13.70$15.20544
2100$8.30$9.8024.09%$300.00—$18.60$21.40540
17186$5.50$6.6024.17%$310.00—$26.00$29.6070
21208$3.50$4.4024.34%$320.00—$34.40$37.4030
0353$2.15$2.9024.54%$330.00—————

Forward $289.34. The 25-delta put carries +2.06 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 24.44%±39.63skew +2.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$151.00$155.10—$135.00—————
06$136.00$140.20—$150.00—————
01$116.40$120.70—$170.00—————
04$106.50$110.90—$180.00—————
026$86.90$91.20—$200.00—————
04$77.20$81.50—$210.00—————
0180$67.90$71.50—$220.00—————
051$58.30$62.60—$230.00—————
026$49.20$53.50—$240.0029.63%$2.25$3.502800
029$40.50$44.80—$250.0027.93%$3.10$4.902170
0478$32.70$35.80—$260.0026.59%$5.20$6.201670
5131$27.00$28.70—$270.0025.98%$7.90$8.907102
037$18.60$21.20—$280.0024.91%$10.90$12.40590
0190$14.50$15.7024.48%$290.00—$15.40$17.001690
588$10.50$11.3024.28%$300.00—$20.70$22.70960
20200$6.50$8.0023.43%$310.00—$27.90$30.7080
2135$5.10$5.6024.28%$320.00—$35.50$38.3020
1142$2.70$3.5023.03%$330.00—$43.70$47.2030

Forward $288.89. The 25-delta put carries +2.31 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 25.78%±52.29skew +2.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$97.90$101.40—$190.00—————
01$88.30$91.30—$200.00—————
—————$230.0028.91%$2.35$3.90180
09$52.10$55.90—$240.0028.12%$3.40$5.50490
05$44.10$48.10—$250.0027.16%$5.00$7.20350
01$37.30$40.10—$260.0026.74%$7.60$9.50230
07$30.70$33.30—$270.0026.69%$11.20$12.602120
04$24.10$26.80—$280.0026.79%$15.70$16.501200
07$20.30$21.40—$290.0026.07%$20.00$20.80200
1035$15.70$16.8025.59%$300.00—$25.00$26.90160
369$12.20$13.0025.41%$310.00—$31.30$33.00490
10829$7.80$9.9024.16%$320.00—$38.30$41.1020
744$5.60$7.4023.96%$330.00—————
012$4.00$5.8024.17%$340.00—————
2330$2.80$4.1023.90%$350.00—————
06$1.95$2.9523.84%$360.00—————

Forward $290.46. The 25-delta put carries +2.77 volatility points over the 25-delta call.

2027-06-17(268 days)ATM 26.71%±66.63skew +2.56
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$126.50$130.70—$160.00—————
02$107.70$111.80—$180.00—————
02$89.40$93.40—$200.00—————
02$80.50$84.60—$210.00—————
010$63.60$67.50—$230.0027.98%$4.10$6.20220
01$55.80$59.60—$240.0027.86%$6.30$8.10120
—————$250.0027.72%$9.00$10.50140
12$42.50$45.10—$260.0027.60%$12.00$13.702660
02$35.90$38.50—$270.0027.33%$15.50$17.30620
047$30.10$32.90—$280.0027.06%$19.60$21.402643
06$25.20$27.40—$290.0026.81%$24.20$26.20420
115$20.90$23.1026.69%$300.00—$29.50$31.60330
017$16.30$18.8025.84%$310.00—————
043$13.10$15.8025.84%$320.00—————
050$10.30$13.1025.71%$330.00—$48.40$51.9020
035$7.80$10.1025.03%$340.00—————
09$5.40$8.4024.67%$350.00—$64.40$68.2020

Forward $291.14. The 25-delta put carries +2.56 volatility points over the 25-delta call.

2027-09-17(360 days)ATM 27.90%±81.06skew +2.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$91.00$95.70—$200.00—————
—————$230.0028.29%$6.20$8.9010
—————$240.0028.15%$9.20$10.7050
—————$250.0028.01%$12.10$13.5052
10$46.00$49.40—$260.0027.94%$15.70$16.701239
—————$270.0027.68%$19.30$20.5053
03$34.50$38.20—$280.0027.48%$23.40$24.90184
10$29.50$33.10—$290.0027.31%$28.00$29.8080
18$27.40$28.4027.99%$300.00—$33.40$35.1010
813$23.30$24.4027.67%$310.00—————
26$19.70$20.8027.37%$320.00—————
03$16.30$17.6026.97%$330.00—————
02$12.10$15.1026.13%$340.00—————
04$10.30$12.7026.16%$350.00—————
04$7.30$10.5025.28%$360.00—————

Forward $292.51. The 25-delta put carries +2.73 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.