Options Skew Analytics

AZO option chain

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

Data as of 22 September 2026 (end of day)

2026-12-18(87 days)ATM 34.21%±494.11skew -0.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$492.00$515.10—$2,500.00—————
10$411.80$435.00—$2,600.0035.36%$49.10$75.40471
43$335.50$363.70—$2,700.0034.86%$74.40$103.00213
629$274.80$300.80—$2,800.0034.54%$109.10$137.30556
052$213.50$242.30—$2,900.0034.69%$160.60$175.70232
533$168.70$184.2034.21%$3,000.00—$209.90$225.30601
818$148.50$165.2034.37%$3,050.00—$234.30$257.40731
850$135.70$145.3034.78%$3,100.00—$262.30$293.804595
011$107.20$137.2034.53%$3,150.00—$294.10$325.5090
615$96.50$116.2034.41%$3,200.00—$330.20$360.804822
219$80.10$109.3034.80%$3,250.00—$370.00$393.50193
2157$72.20$87.5034.26%$3,300.00—$406.60$437.3091
311$59.60$86.3035.10%$3,350.00—$446.80$478.4090
01$56.30$84.0034.93%$3,360.00—————
03$55.10$80.6034.86%$3,370.00—$464.30$495.1040
02$52.80$82.5035.25%$3,380.00—$472.80$503.5010
—————$3,390.00—$480.40$512.0010
150$51.70$76.2035.27%$3,400.00—$489.70$520.605820
05$48.40$75.8035.26%$3,410.00—————
01$46.40$74.4035.27%$3,420.00—$510.40$539.3010
03$44.90$73.0035.34%$3,430.00—$521.20$542.7021

Forward $2,958.45. The 25-delta put carries -0.01 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 33.48%±558.72skew +0.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$544.00$571.90—$2,460.00—————
03$532.00$555.10—$2,480.0035.87%$42.80$65.0080
202$517.00$539.00—$2,500.0036.03%$46.60$71.101233
01$432.70$463.00—$2,600.0035.30%$67.80$93.20551
—————$2,650.0034.98%$80.80$106.3040
153$364.30$392.80—$2,700.0034.73%$103.80$113.10129
201$334.10$360.20—$2,750.0034.48%$120.00$129.8050
201$297.50$329.40—$2,800.0033.66%$128.90$150.3021
01$272.40$300.40—$2,850.0033.50%$147.90$171.702050
33$246.60$273.50—$2,900.0033.92%$178.80$192.2071
33$220.00$246.00—$2,950.0033.86%$203.00$216.90183
27$198.50$221.3033.81%$3,000.00—$224.90$245.60831
06$174.30$195.7033.22%$3,050.00—$250.10$274.20331
03$161.20$173.4033.47%$3,100.00—$281.50$307.401350
01$134.30$158.0032.95%$3,150.00—$312.60$345.8030
02$117.30$141.9032.88%$3,200.00—$346.20$378.001100
03$103.90$134.3033.57%$3,250.00—$383.50$407.9010
1221$94.10$113.3033.23%$3,300.00—$422.30$446.6050
04$83.60$106.6033.84%$3,350.00—————
49$72.10$96.3033.86%$3,400.00—$502.40$525.40100
0103$63.20$87.9034.10%$3,450.00—————

Forward $2,973.36. The 25-delta put carries +0.88 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 34.02%±712.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$2,750.0035.19%$156.00$184.20191
01$365.80$398.50—$2,800.0034.70%$172.20$202.0060
02$339.60$370.20—$2,850.0035.08%$201.20$223.00110
11$327.60$353.80—$2,880.0034.73%$210.20$236.4010
—————$2,890.0034.74%$215.40$240.9020
01$312.00$345.00—$2,900.0034.58%$216.50$246.8040
—————$2,930.0034.52%$230.70$261.1020
15$292.00$318.10—$2,950.0034.48%$241.70$269.7090
—————$2,960.0034.85%$252.80$274.7010
—————$2,980.0034.49%$256.20$286.3060
020$267.70$294.5034.44%$3,000.00—$267.60$295.50240
134$259.00$289.9034.17%$3,010.00—$279.30$302.3061
01$244.00$276.7034.02%$3,040.00—————
05$240.00$272.3034.02%$3,050.00—$294.70$328.0060
03$232.00$263.9034.02%$3,070.00—$306.20$336.0040
—————$3,080.00—$312.10$341.8010
—————$3,100.00—$324.00$353.601590
—————$3,120.00—$336.20$365.8020
—————$3,150.00—$355.10$384.60170
02$184.10$215.0034.03%$3,200.00—$387.80$416.801630
—————$3,250.00—$422.10$455.2020

Forward $2,999.54. Not enough surviving quotes on both wings to measure the skew here.

2027-06-17(268 days)ATM 34.22%±889.57skew +1.91
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$2,480.0036.31%$112.80$143.3020
—————$2,500.0036.57%$124.10$148.00162
—————$2,600.0035.80%$149.70$176.9043
—————$2,700.0035.16%$180.00$210.3030
01$481.40$505.60—$2,750.0034.70%$200.00$222.6060
10$448.00$476.30—$2,800.0035.07%$220.00$252.00120
—————$2,850.0034.62%$240.30$268.4020
14$396.00$421.80—$2,900.0034.60%$264.00$291.50520
13$373.80$396.70—$2,950.0034.81%$289.10$319.8080
19$350.00$373.00—$3,000.0034.86%$316.00$345.50110
01$326.70$350.8034.50%$3,050.00—$343.40$364.80150
11$303.80$329.7034.35%$3,100.00—$369.10$403.001020
01$283.80$309.8034.31%$3,150.00—$400.00$427.2050
03$260.00$291.0034.03%$3,200.00—$432.60$464.3050
—————$3,250.00—$463.80$496.8020
73$231.80$256.2034.28%$3,300.00—$497.90$527.3030
03$212.00$240.3034.06%$3,350.00—$535.40$564.5010
01$196.00$225.2033.98%$3,400.00—————
013$180.00$210.9033.85%$3,450.00—————
05$168.00$195.4033.78%$3,500.00—————
03$156.00$184.8033.89%$3,550.00—————

Forward $3,034.16. The 25-delta put carries +1.91 volatility points over the 25-delta call.

2027-09-17(360 days)ATM 34.20%±1041.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$2,400.0036.15%$116.00$156.0011
—————$2,440.0036.14%$128.00$168.0030
—————$2,460.0035.88%$132.10$172.0020
11$632.00$668.00—$2,600.00—————
01$516.00$552.00—$2,800.0034.72%$256.00$284.0001
12$488.00$524.00—$2,850.0035.03%$276.00$316.0040
26$464.00$500.00—$2,900.0034.87%$300.00$336.0050
13$439.60$472.00—$2,950.0034.81%$324.00$360.0030
13$412.00$448.00—$3,000.0034.85%$348.00$388.0030
01$392.00$428.00—$3,050.0034.81%$376.00$412.0020
16$368.00$404.0034.51%$3,100.00—$404.00$440.0020
06$348.00$384.0034.48%$3,150.00—$432.00$472.0041
—————$3,200.00—$464.00$496.0010
01$308.00$344.0034.20%$3,250.00—$499.60$532.0042
02$292.00$328.0034.30%$3,300.00—$532.00$560.0053
01$256.00$296.0034.12%$3,400.00—————
38$228.00$267.0034.16%$3,500.00—————
03$216.00$252.0034.16%$3,550.00—————
03$204.00$240.0034.23%$3,600.00—$740.00$780.0010
04$192.00$228.0034.25%$3,650.00—————
11$180.00$219.0034.34%$3,700.00—————

Forward $3,066.71. Not enough surviving quotes on both wings to measure the skew here.

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.