Options Skew Analytics

APO option chain

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

Data as of 6 November 2026 (end of day)

2026-11-20(14 days)ATM 40.91%±9.35skew +3.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$11.40$13.40—$105.0046.92%$0.50$0.7510,2790
013$8.80$10.90—$108.0044.21%$0.80$1.153823
011$8.00$9.80—$109.0044.04%$1.00$1.35341
1133$7.60$9.00—$110.0044.16%$1.30$1.551,8964
018$6.80$8.50—$111.0043.48%$1.50$1.80380
027$6.40$7.00—$112.0044.31%$1.80$2.25570
0198$5.30$7.00—$113.0042.81%$1.90$2.601180
064$5.00$5.70—$114.0045.02%$2.45$3.202120
0607$4.10$5.40—$115.0042.72%$2.60$3.505,072112
054$3.80$4.60—$116.0044.22%$3.30$4.002605
115$3.20$4.0040.85%$117.00—$3.50$4.207147
15$2.85$3.7042.25%$118.00—$4.30$4.80430
055$2.35$3.1040.70%$119.00—$4.40$5.5030
281,343$2.05$2.7541.21%$120.00—$5.50$6.004703
268$1.70$2.3040.41%$121.00—$5.70$7.001550
010$1.35$2.1040.63%$122.00—$6.90$7.502620
432$1.05$1.7539.76%$123.00—————
133$0.95$1.5040.45%$124.00—————
—————$125.00—$7.90$10.702222
167$0.55$0.8039.77%$127.00—$10.00$12.4050
—————$130.00—$12.80$15.302660

Forward $116.75. The 25-delta put carries +3.72 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 39.44%±11.05skew +1.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$108.0042.81%$1.30$1.65109
—————$109.0042.49%$1.50$1.903810
—————$110.0041.34%$1.65$2.10415
01$7.60$8.30—$111.0041.29%$1.80$2.5560
02$6.70$8.10—$112.0041.42%$2.30$2.75170
02$6.10$7.00—$113.0039.77%$2.25$3.2080
017$5.60$6.60—$114.0040.72%$2.95$3.50260
127$4.90$5.80—$115.0039.68%$3.10$4.00100
014$4.40$5.40—$116.0040.40%$3.80$4.4040
010$3.80$4.7038.98%$117.00—$4.00$4.9050
011$3.40$4.6040.82%$118.00—$4.80$5.7030
013$2.90$3.8038.75%$119.00—$5.10$6.2050
053$2.60$3.4039.07%$120.00—$6.00$7.00260
035$2.20$3.1039.08%$121.00—$6.40$7.5020
016$1.90$2.7539.02%$122.00—$6.50$8.6060
02$1.60$2.5539.41%$123.00—$7.70$8.7040
012$1.35$2.0538.20%$124.00—$8.10$10.0020
119$1.25$1.9039.37%$125.00—$8.80$11.1050
047$1.05$1.6038.88%$126.00—$9.60$11.9010
—————$127.00—$10.30$12.8010
—————$128.00—$11.10$13.6010

Forward $116.80. The 25-delta put carries +1.97 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 40.09%±15.87skew +4.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$50.20$53.60—$65.00—————
01$45.20$48.60—$70.00—————
010$35.50$38.50—$80.00—————
03$25.70$28.60—$90.0049.53%$0.35$0.551386
08$21.30$23.90—$95.00—————
07$17.00$19.00—$100.0045.47%$1.15$1.601,46711
0158$13.60$14.90—$105.0041.47%$1.85$2.2015,56087
0736$9.80$11.10—$110.0039.75%$3.10$3.501,79779
10568$6.70$7.70—$115.0040.49%$5.10$5.902,87510
3501$4.50$5.1039.57%$120.00—$7.50$8.101,95020
70863$2.70$3.2038.29%$125.00—$10.70$12.103350
181,118$1.50$1.8537.11%$130.00—$13.90$16.202730
—————$135.00—$18.00$20.301,1540
492,572$0.40$0.5536.17%$140.00—$22.70$25.40860
—————$145.00—$27.30$30.20550
—————$150.00—$31.90$35.10270
—————$180.00—$61.80$65.2010

Forward $116.71. The 25-delta put carries +4.36 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 36.68%±18.90skew +6.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$55.20$58.60—$60.00—————
016$50.20$53.70—$65.00—————
056$45.30$48.80—$70.00—————
01$40.60$43.80—$75.00—————
032$35.80$38.90—$80.00—————
05$31.10$33.70—$85.0047.05%$0.40$0.602,8078
0121$26.70$29.00—$90.0045.62%$0.70$1.001,3351
016$22.30$24.50—$95.0045.40%$1.15$1.852,8041
1403$18.10$20.40—$100.0042.41%$1.85$2.354,7763
090$14.30$16.50—$105.0040.61%$2.80$3.402,35121
0229$11.20$12.90—$110.0039.63%$4.30$4.906,2606
21376$8.50$9.70—$115.0038.39%$6.20$6.807,61029
17698$6.00$6.8036.56%$120.00—$8.70$9.6012,9968
01,248$4.20$4.9036.48%$125.00—$11.40$12.401,6360
413,862$2.65$3.0034.55%$130.00—$14.90$17.107,5180
10713$1.75$2.0534.83%$135.00—$18.80$21.201,6930
13,951$1.10$1.2034.19%$140.00—$23.20$25.605500
11,152$0.65$0.7534.03%$145.00—$27.70$30.201450
04,192$0.35$0.4533.65%$150.00—$32.50$35.203,1660
—————$155.00—$36.90$40.30800
02,410$0.05$0.1036.15%$170.00—————

Forward $117.62. The 25-delta put carries +6.06 volatility points over the 25-delta call.

2027-02-19(105 days)ATM 38.67%±24.40skew +4.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$85.0047.26%$0.90$1.45171
—————$90.0045.93%$1.40$2.1080
02$23.40$25.90—$95.0043.42%$2.05$2.65120
01$19.50$21.90—$100.0042.52%$3.10$3.709950
—————$105.0041.10%$4.40$4.903822
07$13.00$15.00—$110.0040.28%$6.00$6.70150
141$10.40$11.90—$115.0039.36%$8.00$8.8047195
0229$8.10$9.1038.70%$120.00—$10.50$11.309632
3171$6.00$7.0037.86%$125.00—$13.00$14.30250
0126$4.50$5.8038.65%$130.00—$16.40$18.60150
0139$3.10$3.8036.43%$135.00—$20.00$22.50220
6189$2.25$2.8036.40%$140.00—$24.00$26.50220
0322$1.50$2.4037.17%$145.00—————
05,454$1.05$1.7036.89%$150.00—————

Forward $117.67. The 25-delta put carries +4.67 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 38.97%±27.71skew +5.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$65.30$68.60—$50.00—————
010$60.40$63.70—$55.00—————
02$50.70$53.80—$65.00—————
015$46.20$48.90—$70.00—————
03$41.50$44.10—$75.00—————
0122$36.90$39.70—$80.00—————
02$32.60$34.90—$85.0045.93%$1.30$1.901,6750
04$28.10$30.70—$90.0044.99%$1.95$2.707310
02$24.00$26.50—$95.0043.11%$2.80$3.4015028
069$20.40$22.90—$100.0042.59%$3.90$4.805396
085$17.00$19.30—$105.0041.63%$5.60$6.00729245
0142$14.60$15.80—$110.0040.47%$7.40$7.601,47128
6175$12.10$12.60—$115.0039.79%$9.50$9.801,30723
0442$9.70$10.2039.15%$120.00—$12.00$12.305672
111,360$7.60$8.0038.29%$125.00—$14.90$15.104215
0444$5.90$6.3037.89%$130.00—$17.40$18.802900
4282$4.50$4.8037.30%$135.00—$20.70$23.101150
0170$3.20$3.7036.60%$140.00—$24.60$27.101,1120
11220$2.35$3.0036.80%$145.00—$29.00$31.50430
0965$1.65$2.4536.91%$150.00—$33.30$35.90450
0138$1.20$1.8036.59%$155.00—————

Forward $117.77. The 25-delta put carries +5.99 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 39.46%±36.57skew +4.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$65.0051.08%$0.75$1.20440
05$42.80$45.40—$75.0046.41%$1.25$2.00130
—————$80.0045.88%$1.95$2.70130
—————$85.0044.64%$2.65$3.50720
035$30.60$33.00—$90.0043.71%$3.60$4.508070
—————$95.0043.67%$5.10$5.80290
016$23.50$25.90—$100.0041.84%$6.10$7.106863
03$20.30$22.70—$105.0041.37%$8.20$8.5026874
015$17.50$19.60—$110.0040.73%$10.20$10.403,229163
223$15.80$16.40—$115.0040.23%$12.40$12.702561
561$13.40$14.0039.85%$120.00—$15.00$15.207860
175$11.30$11.9039.40%$125.00—$17.80$18.102430
1436$9.50$10.0038.97%$130.00—$20.90$21.204910
1176$7.90$8.4038.61%$135.00—$24.20$24.709340
0333$6.50$7.0038.22%$140.00—$26.70$29.302700
6710$5.40$5.9038.17%$145.00—$30.70$33.00490
0251$3.70$5.4037.56%$150.00—$34.60$37.30330
053$3.10$4.6037.82%$155.00—$38.90$41.6050
21,405$2.50$3.1036.18%$160.00—————
0121$2.00$3.2037.60%$165.00—————
046$1.25$1.9036.50%$175.00—————

Forward $118.56. The 25-delta put carries +4.28 volatility points over the 25-delta call.

2027-09-17(315 days)ATM 39.67%±43.95skew +3.91
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$70.0046.77%$1.60$2.402110
—————$75.0045.81%$2.35$3.001020
—————$80.0044.68%$3.00$3.90390
—————$85.0043.70%$4.00$4.80850
—————$90.0043.04%$5.10$6.10190
—————$95.0042.10%$6.40$7.404080
—————$100.0041.36%$7.80$9.101910
—————$105.0040.76%$9.50$11.002000
01$20.00$22.60—$110.0040.39%$11.60$13.101840
015$17.50$20.20—$115.0040.09%$13.90$15.501670
020$15.20$17.9039.76%$120.00—$16.40$18.101420
0242$13.60$15.6039.70%$125.00—$19.20$20.801110
0161$11.80$13.9039.63%$130.00—$21.50$24.20430
0938$10.10$12.0039.01%$135.00—$24.80$27.70540
0533$8.60$10.4038.56%$140.00—————
012$7.20$9.2038.32%$145.00—————
017$6.00$8.0037.95%$150.00—$35.80$38.7040
0235$5.30$6.9038.01%$155.00—$40.00$42.80250
10165$4.70$5.5037.45%$160.00—————
061$3.80$5.2037.74%$165.00—————
055$2.95$4.5037.19%$170.00—————

Forward $119.27. The 25-delta put carries +3.91 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.