Options Skew Analytics

ARM option chain

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

Data as of 22 September 2026 (end of day)

2026-09-25(3 days)ATM 84.15%±25.31skew -7.02
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
58137$25.15$27.30—$307.5081.61%$1.81$1.9261121
2351,712$23.40$24.50—$310.0081.66%$2.27$2.344591,171
354514$21.70$22.65—$312.5081.83%$2.77$2.89321,345
802552$20.10$20.50—$315.0082.13%$3.40$3.50160359
1921,783$18.40$18.70—$317.5082.34%$4.10$4.203011,451
687988$16.60$17.00—$320.0082.62%$4.90$5.00460673
484203$15.05$15.35—$322.5082.69%$5.75$5.90401,394
1,5722,439$13.55$13.85—$325.0083.00%$6.70$6.9518820
1,74191$12.15$12.45—$327.5083.52%$7.80$8.1073385
3,778653$10.95$11.10—$330.0083.80%$9.00$9.3038381
736257$9.65$9.8584.09%$332.50—$10.30$10.60503379
1,8521,947$8.60$8.8585.01%$335.00—$11.70$12.05161676
368101$7.65$7.9085.78%$337.50—$13.25$13.553149
1,605724$6.80$6.9586.21%$340.00—$14.85$15.155282
159134$6.05$6.1586.99%$342.50—$16.55$16.850337
6371,300$5.25$5.4587.29%$345.00—$18.35$18.652249
302184$4.65$4.8088.05%$347.50—$20.20$20.5519195
3,8131,466$4.10$4.2088.64%$350.00—$22.10$22.5536157
1,242—$3.60$3.7089.36%$352.50—$24.20$24.55—229
1,1151,210$3.15$3.3090.30%$355.00—$26.20$26.551936
431—$2.79$2.9091.19%$357.50—$27.45$29.50—91

Forward $331.80. The 25-delta put carries -7.02 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 77.66%±42.72skew -5.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
415$29.70$32.45—$307.5075.10%$6.10$6.756100
28213$27.75$30.70—$310.0075.68%$6.90$7.652936
260$26.10$28.60—$312.5076.32%$7.70$8.7055
47860$25.25$27.30—$315.0076.10%$8.65$9.4047103
424$23.65$25.55—$317.5076.84%$9.60$10.6021221
5791,167$22.35$24.00—$320.0076.90%$10.60$11.603850
5865$21.30$22.55—$322.5077.03%$11.65$12.7013216
168304$19.65$20.85—$325.0077.11%$12.70$13.90632
15215$18.30$20.10—$327.5077.60%$14.05$15.1007
455354$17.35$18.35—$330.0078.27%$15.55$16.3513289
18919$16.00$17.7577.41%$332.50—$16.35$17.7515
301552$14.95$16.6077.65%$335.00—$18.35$19.20246
437$13.85$15.6077.85%$337.50—$19.60$20.7502
631109$13.30$14.1077.91%$340.00—————
1—$12.15$13.2077.72%$342.50—$22.65$24.20—0
2763$11.35$12.4078.32%$345.00—$23.80$26.8040
0—$10.70$11.8579.63%$347.50—$26.05$27.85—0
9391,524$10.15$10.5579.18%$350.00—$27.75$29.1554
6—$9.35$10.3580.56%$352.50—$28.95$31.20—0
123434$8.75$9.2079.88%$355.00—————
6—$8.10$8.6080.23%$357.50—$32.65$34.90—0

Forward $332.32. The 25-delta put carries -5.13 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 75.12%±53.89skew -4.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
61,720$50.35$53.30—$285.0075.37%$4.00$5.20832
03$48.30$51.15—$287.5073.37%$4.35$5.1532
9172$46.20$48.60—$290.0073.11%$4.90$5.551342
—————$292.5073.32%$5.50$6.15323
0204$42.20$44.75—$295.0073.44%$6.10$6.801007
5167$38.85$41.05—$300.0074.30%$7.45$8.504870
642$34.60$37.75—$305.0073.55%$8.70$9.953025
18417$32.50$34.10—$310.0074.56%$10.55$12.00488
983$29.50$31.10—$315.0074.65%$12.45$13.95282
1593$26.85$28.25—$320.0075.51%$14.80$16.251124
87173$24.35$25.45—$325.0075.91%$17.15$18.701417
3894$22.20$23.00—$330.0075.19%$19.70$20.70523
5055$19.50$21.0075.12%$335.00—$22.30$24.10622
6882$17.60$18.6075.12%$340.00—$25.30$26.7510
3521$15.65$16.7575.38%$345.00—————
176131$14.10$15.0576.03%$350.00—$31.70$34.2590
331,979$12.35$13.3075.65%$355.00—————
17658$11.05$12.0576.47%$360.00—————
87$9.85$10.8076.99%$365.00—$42.40$44.35150
28108$8.75$9.8577.82%$370.00—————
150$7.80$8.8078.31%$375.00—————

Forward $332.40. The 25-delta put carries -4.00 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 74.55%±63.59skew -5.91
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
100$58.70$61.25—$277.5071.82%$4.70$4.852146
961,021$56.70$58.30—$280.0071.92%$5.20$5.35344199
104$54.65$57.25—$282.5071.84%$5.70$5.8531
138$52.40$55.00—$285.0071.85%$6.25$6.401850
06$50.90$52.90—$287.5071.91%$6.85$7.00106
881,258$50.00$50.45—$290.0071.92%$7.45$7.6574159
842$48.10$48.60—$292.5072.08%$8.15$8.35838
2921$46.30$46.85—$295.0072.08%$8.85$9.051864
8663,286$42.90$43.30—$300.0072.29%$10.40$10.651,509313
2896$39.70$40.05—$305.0072.61%$12.15$12.454497
1,3593,605$36.70$37.15—$310.0072.86%$14.10$14.3535934
337157$33.80$34.10—$315.0073.12%$16.20$16.45148334
1111,695$31.05$31.45—$320.0073.39%$18.45$18.75222129
80123$28.55$28.90—$325.0073.61%$20.90$21.1593152
7761,332$26.20$26.50—$330.0074.08%$23.55$23.85375195
36551$23.95$24.3574.37%$335.00—$26.30$26.65019
9491,158$21.90$22.2574.61%$340.00—$29.30$29.6535924
1,5643,177$18.30$18.6075.33%$350.00—$35.60$36.0079542
331506$15.30$15.5576.24%$360.00—$42.55$42.90167288
182501$12.75$13.0077.15%$370.00—$50.00$50.25528
1401,403$10.65$10.9078.20%$380.00—$57.95$58.3516917

Forward $332.67. The 25-delta put carries -5.91 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 73.11%±70.89skew -4.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
121$58.70$61.25—$280.0071.98%$6.50$8.20256
7115$54.30$57.60—$285.0072.55%$8.10$9.40215
4117$51.00$54.00—$290.0073.01%$9.70$10.85285
1668$47.55$50.65—$295.0072.39%$10.65$12.6059
1387$44.55$47.35—$300.0072.32%$12.70$13.85103120
5289$41.75$44.30—$305.0072.57%$14.75$15.6055
043$37.95$40.75—$310.0072.59%$16.40$17.9034
426$35.45$38.65—$315.0072.55%$18.45$20.0561
15102$33.20$35.40—$320.0072.78%$20.95$22.251233
2160$30.15$32.95—$325.0073.16%$23.20$25.101614
4147$28.85$30.55—$330.0073.93%$25.75$28.25115
157$26.10$28.4073.49%$335.00—$28.75$31.4070
616$23.85$26.0573.10%$340.00—————
1125$22.15$24.5574.18%$345.00—$34.75$37.6520
103161$20.35$22.3573.88%$350.00—$37.85$40.9020
623$18.75$20.8574.44%$355.00—————
103113$17.35$19.0074.49%$360.00—$44.50$47.8510
215$16.05$18.3576.01%$365.00—————
2824$15.05$16.4575.96%$370.00—————
332$13.65$15.2075.98%$375.00—$55.65$58.1501
3950$12.75$14.4577.18%$380.00—$59.50$61.9020

Forward $332.71. The 25-delta put carries -4.79 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 74.33%±79.78skew -5.83
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
028$57.60$59.90—$285.0072.80%$10.40$11.60447
116$53.70$56.50—$290.0071.88%$11.10$13.35156
18$50.50$53.25—$295.0072.96%$13.50$15.0056
1738$47.10$50.00—$300.0072.22%$15.20$16.354249
987$43.95$46.85—$305.0072.56%$17.15$18.501319
2154$41.25$44.15—$310.0073.76%$19.40$21.30263
227$39.10$41.25—$315.0072.49%$21.30$22.801116
23172$36.50$39.35—$320.0073.22%$24.20$25.152619
3921$34.05$36.75—$325.0073.97%$26.45$28.45734
4741$31.50$34.20—$330.0074.39%$29.00$31.452122
4564$29.10$31.8074.05%$335.00—————
1321$27.05$29.5574.01%$340.00—$34.80$37.6010
296$25.70$27.7074.98%$345.00—$37.65$40.7511
3089$23.85$26.7576.16%$350.00—————
1126$22.05$24.6075.73%$355.00—————
544$20.70$23.6076.95%$360.00—————
2521$19.45$21.4076.62%$365.00—————
2995$17.85$19.9576.53%$370.00—$54.60$57.7501
543$16.70$18.4576.71%$375.00—$58.70$61.15512
3792$15.45$17.5577.30%$380.00—$62.10$64.6001
1—$14.40$16.4577.70%$385.00—$66.15$69.20—0

Forward $332.64. The 25-delta put carries -5.83 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 79.18%±106.32skew -4.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1116$106.60$109.75—$230.0078.41%$4.75$5.251,66842
6956$98.60$100.85—$240.0077.59%$6.10$6.851,84234
19843$90.10$93.50—$250.0077.17%$8.05$8.651,85262
41898$82.95$86.00—$260.0077.51%$10.45$11.20971129
131,208$75.65$78.50—$270.0077.59%$13.15$14.1076076
10604$68.65$71.50—$280.0077.57%$16.30$17.3048250
101,168$62.20$65.05—$290.0077.96%$19.90$21.2575547
2352,545$57.55$59.40—$300.0078.06%$24.10$25.20473114
652,071$51.85$53.70—$310.0078.22%$28.55$29.8030384
69121,945$47.40$48.55—$320.0078.70%$33.80$34.7531026
5671,083$42.95$44.15—$330.0078.89%$39.00$40.2510388
1141,065$39.00$39.8579.23%$340.00—$44.70$46.1015433
144957$34.80$36.0579.12%$350.00—$50.85$53.3534778
86494$31.60$33.4580.45%$360.00—$57.70$59.00351
89268$28.55$29.5580.10%$370.00—$64.45$66.701611
56235$25.60$26.9080.47%$380.00—$71.55$73.90802
10399$23.10$24.8081.30%$390.00—$79.00$80.85300
1,504839$20.95$21.9081.20%$400.00—$86.50$88.65330
13235$18.95$19.9081.71%$410.00—$94.00$96.50260
95393$17.05$18.2082.21%$420.00—$102.55$105.60290
53107$15.25$16.6082.53%$430.00—$110.85$113.404210

Forward $333.95. The 25-delta put carries -4.97 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 75.99%±124.24skew -4.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
4812$110.40$113.55—$230.0074.62%$7.30$8.251,12658
7353$102.40$104.95—$240.0074.61%$9.45$10.351,56487
182,093$95.15$97.00—$250.0074.12%$11.75$12.601,468406
4839$88.05$90.50—$260.0074.27%$14.60$15.5088131
92,641$81.45$83.50—$270.0074.20%$17.80$18.6039532
3217$75.15$77.65—$280.0074.79%$21.45$22.6581863
12681$69.15$71.80—$290.0074.90%$25.35$26.75796146
572,178$63.10$65.50—$300.0075.02%$29.85$31.001,116129
60245$58.25$61.30—$310.0075.66%$34.65$36.30529115
19632$53.55$56.70—$320.0075.70%$39.80$41.25364260
66635$50.10$51.80—$330.0076.08%$45.30$46.9581615
245296$45.35$47.5075.60%$340.00—$51.20$53.4013939
821,468$42.30$43.9576.55%$350.00—$57.45$59.4582912
173293$37.90$40.3575.97%$360.00—$63.75$66.351328
30477$36.00$37.2577.29%$370.00—$70.50$73.253696
33159$33.10$34.4577.67%$380.00—$77.20$80.507785
0570$30.25$32.0078.00%$390.00—$85.00$87.55315
225789$27.95$29.5078.38%$400.00—$92.50$94.40710
19174$25.60$26.9578.36%$410.00—$100.20$103.051180
771,344$23.70$24.5078.46%$420.00—$107.55$110.65392
8444$21.80$23.1079.17%$430.00—$115.55$118.252615

Forward $334.87. The 25-delta put carries -4.38 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.