Options Skew Analytics

BABA option chain

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

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 48.67%±7.35skew +0.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
11108$9.90$11.30—$99.0050.67%$0.27$0.30465360
351,186$9.25$9.50—$100.0049.98%$0.35$0.391,7061,595
5360$8.10$9.25—$101.0049.09%$0.42$0.525,664163
121,218$7.25$8.75—$102.0049.22%$0.59$0.67941409
472397$6.50$7.45—$103.0048.78%$0.75$0.86702534
48749$5.80$6.80—$104.0048.40%$0.96$1.083,128551
1181,209$5.20$5.45—$105.0048.48%$1.22$1.381,2191,431
1101,394$4.45$4.80—$106.0048.65%$1.55$1.72207255
3301,152$3.85$4.10—$107.0048.42%$1.92$2.08265231
1,447985$3.30$3.55—$108.0048.14%$2.35$2.48115376
1,117414$2.80$3.0548.70%$109.00—$2.82$3.05158281
3,2054,597$2.37$2.5348.43%$110.00—$3.30$3.55774354
1,807839$1.97$2.1048.27%$111.00—$3.85$4.106917
9633,308$1.65$1.7248.34%$112.00—$4.45$4.95993
314483$1.33$1.4248.26%$113.00—$5.15$5.5513565
2,509326$1.05$1.1547.98%$114.00—$5.45$6.704533
2,2011,109$0.85$0.9448.29%$115.00—$6.15$7.206098
194510$0.68$0.7648.51%$116.00—$6.90$8.0070
294360$0.56$0.5948.73%$117.00—$7.80$9.0531
433344$0.45$0.5249.85%$118.00—$8.65$10.001,5071
50366$0.35$0.3949.54%$119.00—————

Forward $108.99. The 25-delta put carries +0.42 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 53.98%±11.54skew +0.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10519$10.75$12.20—$99.0055.38%$1.09$1.17744885
2583,117$10.15$11.00—$100.0054.84%$1.27$1.359,605749
11683$9.30$9.90—$101.0054.41%$1.46$1.581,39172
13250$8.60$9.75—$102.0055.09%$1.73$1.9311960
6177$7.90$8.95—$103.0055.04%$2.01$2.245761,013
10588$7.30$7.75—$104.0054.58%$2.31$2.5315564
1914,738$6.60$7.10—$105.0054.50%$2.67$2.887,055366
71274$6.05$6.50—$106.0055.18%$3.10$3.3529168
224669$5.50$5.95—$107.0053.91%$3.35$3.7518260
3775,328$5.05$5.35—$108.0054.35%$3.80$4.3019878
182495$4.50$4.85—$109.0054.08%$4.30$4.7515073
1,31110,544$4.10$4.3053.98%$110.00—$5.00$5.259,720693
54264$3.65$3.9554.36%$111.00—$5.35$5.90302
141529$3.25$3.5554.35%$112.00—$5.95$6.50101
104321$2.92$3.2054.68%$113.00—$6.60$7.20561
41227$2.63$2.8054.59%$114.00—$7.30$7.85400
2,4207,115$2.33$2.4854.56%$115.00—$8.15$8.503,43123
218442$2.05$2.2254.69%$116.00—$8.70$9.3562
157178$1.81$1.9854.88%$117.00—$9.00$10.6550
99402$1.59$1.7254.73%$118.00—$9.85$10.85100
10799$1.39$1.5454.97%$119.00—$10.80$11.700130

Forward $109.15. The 25-delta put carries +0.36 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 51.06%±13.38skew -0.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2064$11.05$12.60—$99.0050.52%$1.37$1.60153229
14273$10.30$11.10—$100.0050.53%$1.64$1.81580170
20208$9.25$11.00—$101.0050.15%$1.85$2.0717649
157$8.90$10.35—$102.0049.90%$2.11$2.3561112
18177$8.30$9.60—$103.0049.92%$2.41$2.69563
041$7.85$8.45—$104.0049.99%$2.76$3.058811
42645$7.10$7.70—$105.0049.90%$3.10$3.4570326
2171$6.60$7.15—$106.0049.56%$3.45$3.85449
8353$6.05$6.60—$107.0049.42%$3.85$4.3039016
76810$5.70$6.00—$108.0049.47%$4.30$4.8093253
50312$5.10$5.60—$109.0050.43%$5.00$5.3021712
52792$4.70$5.2051.06%$110.00—$5.30$5.902653
55137$4.30$4.7551.17%$111.00—$5.85$6.50709
68181$3.90$4.3551.24%$112.00—$6.45$7.10201
8113$3.55$3.9051.04%$113.00—$7.25$7.75371
4302$3.20$3.7051.82%$114.00—$7.70$8.45415
1452,124$2.90$3.1550.83%$115.00—$8.40$9.10440
365167$2.55$3.0551.62%$116.00—$9.15$9.9550
11134$2.26$2.6250.74%$117.00—$9.75$10.60550
28482$2.11$2.3551.23%$118.00—$10.20$11.9031
42173$1.82$2.1551.09%$119.00—$11.05$12.70130

Forward $109.20. The 25-delta put carries -0.94 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 48.59%±14.74skew +0.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2445$10.95$12.25—$100.0048.68%$1.96$2.234786
0161$10.30$11.70—$101.0048.70%$2.22$2.54556
019$9.60$10.55—$102.0048.41%$2.41$2.91164
079$9.00$10.10—$103.0051.88%$2.77$3.95192
07$8.35$9.45—$104.0050.21%$3.15$3.95160
2151$7.70$8.70—$105.0048.71%$3.55$4.003223
1128$7.30$8.30—$106.0050.75%$3.90$4.95130
1167$6.60$7.60—$107.0048.64%$4.35$4.90392
77$6.15$7.00—$108.0048.68%$4.85$5.351013
51254$5.70$6.50—$109.0048.70%$5.30$5.9011332
94314$5.30$6.0048.70%$110.00—$5.80$6.4534724
737$4.80$5.5548.46%$111.00—$6.30$7.3554
6123$4.40$5.1048.41%$112.00—$6.90$7.8544
6114$4.10$4.6548.57%$113.00—$7.40$8.2550
351$3.65$4.3048.30%$114.00—$8.00$9.1031
12204$3.40$3.8548.25%$115.00—$8.80$9.65241
7614$2.99$3.6048.16%$116.00—$9.25$10.35160
3183$2.72$3.3048.28%$117.00—$9.95$11.60180
463$2.48$3.0048.33%$118.00—$10.70$12.0070
016$2.11$2.7247.66%$119.00—$11.75$12.6010
67275$2.08$2.4548.49%$120.00—$12.20$13.8540

Forward $109.52. The 25-delta put carries +0.21 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 47.78%±16.20skew +0.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$99.0047.93%$2.04$2.5240
13$11.50$12.80—$100.0047.57%$2.34$2.714714
—————$101.0048.11%$2.58$3.2020
—————$102.0048.27%$2.98$3.5022
014$9.50$10.90—$103.0049.14%$3.20$4.2010
051$7.75$10.20—$104.0048.06%$3.55$4.3530
1227$8.40$9.25—$105.0047.83%$3.90$4.75231
202$7.70$8.90—$106.0048.77%$4.30$5.4530
12$6.30$8.35—$107.0047.97%$4.85$5.6036
466$6.80$7.60—$108.0046.62%$5.10$5.9571
2510$6.25$7.15—$109.0048.10%$5.75$6.7024
1259$5.80$6.5547.67%$110.00—$6.25$7.1085
11$5.35$6.1547.81%$111.00—$6.75$7.6013
120$4.85$5.7047.40%$112.00—$7.30$8.5001
08$4.45$5.3547.56%$113.00—$7.90$8.8040
04$4.10$4.9547.55%$114.00—$8.45$9.40117
927$3.95$4.4547.75%$115.00—$9.10$10.45252
054$3.40$4.2047.21%$116.00—$9.85$10.8080
16$3.15$3.9047.47%$117.00—$10.45$11.5515
011$2.79$3.5546.93%$118.00—$11.05$12.7501
12$2.66$3.2047.16%$119.00—————

Forward $109.48. The 25-delta put carries +0.41 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 46.94%±17.42skew -0.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$47.85$50.50—$60.00—————
02$42.90$45.40—$65.00—————
054$37.95$40.45—$70.00—————
098$33.05$35.55—$75.0056.00%$0.13$0.173,47866
0142$28.25$30.75—$80.0052.59%$0.23$0.301,592993
0312$23.50$25.95—$85.0049.54%$0.44$0.5012,012135
45872$19.80$21.25—$90.0047.73%$0.85$0.9221,136603
21,027$15.75$16.80—$95.0046.82%$1.60$1.706,919925
11828,934$12.05$12.80—$100.0046.29%$2.78$2.9835,281240
2316,041$9.05$9.35—$105.0046.54%$4.65$4.8510,343138
91510,752$6.50$6.7546.89%$110.00—$7.05$7.4018,951699
9376,966$4.60$4.7547.16%$115.00—$10.05$10.456,32734
1,10724,673$3.15$3.2547.30%$120.00—$13.20$14.0011,012118
1557,511$2.06$2.1747.25%$125.00—$17.05$18.403,1590
2,19015,615$1.36$1.4647.76%$130.00—$21.90$22.458,3115
3499,546$0.92$0.9848.55%$135.00—$25.70$27.352,9011
41713,408$0.62$0.6849.52%$140.00—$30.50$32.103,0772
8310,370$0.41$0.4550.09%$145.00—$35.25$36.9072
44314,773$0.30$0.3251.45%$150.00—$40.20$41.85790
19717,113$0.20$0.2552.72%$155.00—$45.05$46.80210
58,007$0.12$0.1953.44%$160.00—$50.15$51.80030

Forward $109.40. The 25-delta put carries -0.96 volatility points over the 25-delta call.

2026-12-24(48 days)ATM 45.75%±18.19skew +3.30
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$93.0049.08%$1.34$2.0802
—————$95.0046.87%$1.58$2.2510
10$12.15$13.85—$100.00—————
—————$102.0048.61%$3.50$4.9010
—————$103.0047.68%$3.80$5.1050
—————$105.0047.20%$4.60$5.80010
02$8.50$10.35—$106.0050.38%$4.95$7.3020
—————$107.0046.67%$5.45$6.6010
217$7.10$8.20—$109.00—————
14$6.40$7.7545.92%$110.00—$6.95$7.90010
—————$111.00—$7.25$8.5010
—————$112.00—$7.70$10.3510
—————$113.00—$8.55$10.9530
51$4.40$5.5545.42%$115.00—————
—————$116.00—$9.70$12.8510
—————$117.00—$11.20$12.5520
—————$118.00—$11.70$13.1017
3912$3.15$3.8545.83%$120.00—————
23$2.91$3.7046.27%$121.00—————
370—$2.72$3.2045.51%$122.00—$14.75$16.20—0
4—$2.08$2.5345.30%$125.00—$16.80$19.50—0

Forward $109.65. The 25-delta put carries +3.30 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 44.66%±21.52skew -0.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
043$48.15$50.75—$60.00—————
015$43.25$45.80—$65.00—————
1318$38.90$40.90—$70.00—————
0680$33.50$36.00—$75.00—————
10792$28.95$31.15—$80.0047.99%$0.48$0.627,966165
6390$25.30$26.55—$85.0046.43%$0.83$1.063,19230
532,502$20.85$22.20—$90.0045.08%$1.49$1.6411,283117
121,397$17.10$18.25—$95.0044.50%$2.46$2.6811,319106
596,065$13.65$14.25—$100.0044.42%$3.95$4.1517,352332
2379,385$10.55$11.35—$105.0044.51%$5.85$6.205,704236
3268,595$8.25$8.80—$110.0044.71%$8.40$8.606,838933
4246,813$6.20$6.6544.54%$115.00—$11.35$11.709,790120
1,73128,538$4.65$4.8044.25%$120.00—$14.50$15.4520,49422
74119,405$3.40$3.6544.74%$125.00—$18.00$19.558,8232
3,19516,733$2.50$2.6745.03%$130.00—$22.05$23.507,3706
4799,824$1.79$1.9345.16%$135.00—$26.40$27.904,886468
20222,928$1.30$1.4245.63%$140.00—$31.55$32.5010,1400
2713,783$0.90$1.1546.47%$145.00—$35.60$37.205,368156
22023,438$0.71$0.8046.99%$150.00—$40.40$42.005101
534,923$0.52$0.6047.55%$155.00—$45.10$46.85120
4512,730$0.39$0.4548.17%$160.00—$49.90$51.8060

Forward $110.03. The 25-delta put carries -0.62 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.