Options Skew Analytics

APO option chain

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

Data as of 22 September 2026 (end of day)

2026-10-02(10 days)ATM 36.10%±7.45skew +2.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$23.30$26.60—$100.00—————
01$19.00$21.60—$105.00—————
—————$118.0039.25%$0.75$1.0020
—————$119.0037.99%$0.85$1.20130
—————$120.0038.20%$1.15$1.451466
—————$121.0037.41%$1.40$1.7001
—————$122.0036.75%$1.70$2.0092
—————$123.0036.45%$2.05$2.4010
—————$124.0036.14%$2.40$2.9070
01$2.60$3.0036.10%$125.00—$2.90$3.4062
03$2.15$2.7036.93%$126.00—$3.30$3.9016128
26$1.75$2.2036.20%$127.00—$3.20$4.40028
54$1.40$1.7535.43%$128.00—$3.40$5.50380
216$1.15$1.5036.02%$129.00—$4.10$6.5060
089$0.90$1.2536.04%$130.00—$4.70$7.00290
241$0.70$1.0536.24%$131.00—$5.70$7.70100
—————$132.00—$6.20$8.7010
—————$133.00—$7.00$9.4060
—————$138.00—$12.10$14.70400
—————$139.00—$12.70$15.5010

Forward $124.65. The 25-delta put carries +2.16 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 34.53%±11.07skew +3.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$11.50$13.70—$114.00—————
116$10.50$12.90—$115.0037.90%$1.15$1.3547510
—————$117.0037.20%$1.55$1.75253
—————$118.0036.50%$1.70$2.00804
11$7.60$9.80—$119.0036.52%$2.05$2.25240
110$6.90$9.00—$120.0035.59%$2.20$2.551,7031
—————$121.0036.37%$2.65$3.00160
—————$123.0035.96%$3.20$4.00021
—————$124.0034.67%$3.70$4.1005
3434$4.10$4.90—$125.0035.09%$4.30$4.6010,8166
20$3.70$4.1034.03%$126.00—$4.60$5.105519
24$3.20$3.7033.87%$127.00—$4.60$5.704555
270$2.85$3.3034.02%$128.00—$4.80$6.30027
20$2.45$3.1034.51%$129.00—$5.30$7.3020
162,184$2.15$2.6534.13%$130.00—$7.10$8.001,3561
277$1.90$2.3534.32%$131.00—————
06$1.60$2.0534.03%$132.00—————
01$1.40$1.6533.43%$133.00—————
979647$1.10$1.3034.22%$135.00—$9.50$11.902710
04$0.90$1.1033.84%$136.00—————
31,360$0.45$0.7535.19%$140.00—$13.80$16.401110

Forward $125.05. The 25-delta put carries +3.06 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 38.17%±19.16skew +2.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$48.70$52.00—$75.00—————
01$39.50$42.20—$85.00—————
01$29.90$32.60—$95.00—————
01$25.50$27.90—$100.0043.61%$0.80$1.101516
01$20.90$23.60—$105.0042.04%$1.30$1.751920
—————$110.0040.21%$2.10$2.559661
08$13.20$15.60—$115.0039.60%$3.40$3.902,0641
0110$10.20$10.70—$120.0038.56%$5.20$5.501083
013$7.20$7.9038.34%$125.00—$7.40$8.001924
555$5.00$5.7037.65%$130.00—$10.10$10.802620
15194$3.60$4.0037.88%$135.00—$12.40$14.202870
4710$2.35$2.6537.18%$140.00—$15.40$18.001200
7993$1.35$1.8036.53%$145.00—$19.70$22.10490
381,207$0.85$1.2536.94%$150.00—————
0386$0.50$0.8036.78%$155.00—————

Forward $124.85. The 25-delta put carries +2.42 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 37.23%±22.74skew +2.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$58.40$61.90—$65.00—————
01$53.70$56.90—$70.00—————
010$44.00$47.20—$80.00—————
03$35.00$37.70—$90.00—————
08$30.20$32.90—$95.0042.96%$0.85$1.152696
07$26.00$28.50—$100.0041.12%$1.30$1.651,2161
0113$21.80$24.30—$105.0039.95%$2.00$2.458461
146$17.90$20.40—$110.0038.67%$2.95$3.502821
038$14.40$16.30—$115.0038.14%$4.50$4.902504
033$11.40$12.00—$120.0037.49%$6.30$6.801,8305
1104$8.70$9.30—$125.0037.16%$8.60$9.205165
1111$6.70$7.2037.34%$130.00—$11.30$12.002560
0385$4.90$5.3036.67%$135.00—$14.20$15.301,1550
0240$3.50$3.8036.10%$140.00—$16.50$18.90920
6226$2.45$2.8536.17%$145.00—$20.40$22.90620
18752$1.70$2.0536.09%$150.00—$24.70$27.20330
30772$1.00$1.5035.58%$155.00—$29.20$31.60250
—————$160.00—$33.90$36.40240
—————$165.00—$38.70$41.3020
—————$180.00—$53.50$56.8010

Forward $125.10. The 25-delta put carries +2.50 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 36.47%±25.74skew +2.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
056$54.20$57.20—$70.00—————
01$49.40$52.30—$75.00—————
022$44.70$47.60—$80.00—————
05$40.10$42.80—$85.00—————
0121$35.70$38.20—$90.0043.48%$0.80$1.201,2900
015$31.10$33.70—$95.0042.38%$1.20$1.802,5001
0381$26.90$29.40—$100.0040.25%$1.80$2.253,99915
195$22.60$23.90—$105.0039.23%$2.60$3.202,2540
1177$19.00$20.20—$110.0037.81%$3.60$4.305,930325
0329$15.70$18.10—$115.0037.11%$5.10$5.807,5070
0830$12.60$13.70—$120.0036.58%$6.90$7.8021,6160
0743$9.90$11.00—$125.0036.51%$9.40$10.108,8706
03,797$7.80$8.8036.45%$130.00—$12.00$12.7010,5170
7549$5.90$7.0036.17%$135.00—$13.70$16.101,7390
03,162$4.40$5.4035.78%$140.00—$17.80$19.405500
0778$3.40$4.0035.59%$145.00—$21.00$23.502090
173,943$2.45$3.1035.52%$150.00—$25.10$27.703,1670
010,265$1.70$2.4535.55%$155.00—$29.50$32.00800
04,889$1.20$1.9035.66%$160.00—$34.00$36.90640
—————$165.00—$38.80$41.303180
—————$170.00—$43.70$46.30430

Forward $125.71. The 25-delta put carries +2.22 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 36.00%±31.73skew +3.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$50.60$53.00—$75.0046.74%$0.55$0.90152
0122$46.00$48.40—$80.0045.74%$0.85$1.30790
02$41.30$43.90—$85.0043.19%$1.05$1.651,4701
03$37.00$39.40—$90.0042.33%$1.70$2.154622
02$32.90$35.30—$95.0041.39%$2.30$3.00780
075$28.90$30.50—$100.0039.95%$3.10$3.802760
036$25.00$27.50—$105.0039.22%$4.20$5.004142
0124$21.60$23.90—$110.0038.14%$5.50$6.301,1081
028$18.40$20.70—$115.0037.58%$7.10$8.101,1731
1215$15.40$16.00—$120.0037.05%$9.10$10.105470
01,320$12.80$13.50—$125.0036.68%$11.50$12.403560
1324$10.40$11.2036.03%$130.00—$14.10$15.002891
2139$8.50$9.2035.70%$135.00—$15.60$18.001150
588$6.90$7.5035.45%$140.00—$20.30$21.401,1131
1170$5.40$6.1035.04%$145.00—$22.50$25.10430
7923$4.30$5.0035.03%$150.00—$26.40$28.90450
1128$3.40$4.0034.88%$155.00—————
0164$2.75$3.2034.95%$160.00—————
037$2.05$2.9535.56%$165.00—————
0278$1.60$2.4035.60%$170.00—————
096$1.30$1.9535.80%$175.00—————

Forward $126.22. The 25-delta put carries +3.26 volatility points over the 25-delta call.

2027-06-17(268 days)ATM 37.27%±40.82skew +4.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$51.20$54.00—$75.00—————
—————$80.0044.50%$1.50$2.4020
—————$85.0043.20%$2.25$2.80720
—————$90.0041.84%$2.90$3.50640
—————$95.0041.10%$3.80$4.5090
015$31.20$32.90—$100.0041.31%$4.80$6.302110
—————$105.0039.64%$6.20$7.007721
014$24.30$26.90—$110.0038.85%$7.70$8.507480
022$21.30$23.50—$115.0038.30%$9.40$10.401281
037$18.50$21.10—$120.0037.82%$11.50$12.407751
—————$125.0038.10%$13.80$15.302570
023$13.60$16.2037.46%$130.00—$16.40$17.601950
0179$11.60$14.2037.23%$135.00—$18.40$20.509340
0351$9.80$11.4035.78%$140.00—$21.10$23.701840
0713$8.20$9.8035.50%$145.00—$24.40$27.00490
188$6.90$8.3035.23%$150.00—$28.00$30.60290
238$5.80$6.9034.88%$155.00—$32.00$34.4050
41642$4.90$5.9034.91%$160.00—————
362$4.00$5.0034.69%$165.00—————
01$3.30$4.2034.54%$170.00—————
045$2.70$3.9035.06%$175.00—————

Forward $127.83. The 25-delta put carries +4.16 volatility points over the 25-delta call.

2027-09-17(360 days)ATM 37.34%±47.63skew +4.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$85.0042.42%$3.30$3.9042
—————$90.0040.76%$3.30$5.30170
—————$95.0041.40%$5.20$6.4010
—————$100.0040.72%$6.40$7.8040
—————$105.0039.06%$7.70$8.70497
—————$110.0038.83%$9.50$10.50880
—————$115.0038.24%$11.40$12.30103
49$21.30$23.70—$120.0037.89%$13.50$14.50655
017$18.60$21.20—$125.0037.44%$15.80$16.80400
01$16.40$18.5037.31%$130.00—$18.40$19.50280
050$14.40$17.1037.69%$135.00—$21.20$22.30400
014$12.50$14.8036.88%$140.00—————
04$9.40$11.2035.95%$150.00—$29.70$32.9030
0240$8.20$9.7035.67%$155.00—$33.30$36.20210
035$7.10$8.4035.40%$160.00—————
061$6.10$7.2035.06%$165.00—————
055$5.10$6.4034.89%$170.00—————
020$4.40$5.5034.71%$175.00—————
03$2.05$2.9034.76%$200.00—————

Forward $128.43. The 25-delta put carries +4.17 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.