Options Skew Analytics

BAX 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 36.77%±1.44skew -0.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
23$8.50$9.40—$15.00—————
22$2.55$3.80—$21.00—————
—————$21.5044.63%$0.05$0.10252
2035$1.20$1.55—$22.5038.33%$0.15$0.20121
1011$0.85$1.15—$23.0037.39%$0.25$0.35190
024$0.55$0.75—$23.5035.88%$0.40$0.5530
720$0.40$0.5038.06%$24.00—$0.60$0.85171
1813$0.20$0.3035.86%$24.50—————
139$0.15$0.2039.04%$25.00—$1.30$2.05290
042$0.05$0.1042.62%$26.00—$2.15$3.4050

Forward $23.68. The 25-delta put carries -0.72 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 36.45%±1.86skew +0.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$8.10$8.80—$15.00—————
020$2.55$3.20—$21.00—————
—————$22.0039.13%$0.15$0.25151
—————$22.5037.89%$0.25$0.3506
—————$23.0038.61%$0.40$0.55491
031$0.80$0.90—$23.50—————
011$0.55$0.6536.13%$24.00—$0.80$1.00120
111$0.40$0.5037.95%$24.50—————
4017$0.25$0.3537.48%$25.00—$1.45$1.80110
016$0.15$0.2537.67%$25.50—————

Forward $23.70. The 25-delta put carries +0.41 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 43.67%±5.08skew +2.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
044$9.30$13.50—$12.50—————
03$7.70$9.60—$15.00—————
039$5.40$7.60—$17.5050.44%$0.20$0.306720
8161$4.20$4.70—$20.0045.02%$0.50$0.654141
0269$2.60$2.95—$22.5042.74%$1.20$1.457711
18594$1.40$1.6543.84%$25.00—$2.50$2.903698
2180$0.65$0.9042.96%$27.50—$4.20$5.305800
22579$0.30$0.5043.71%$30.00—$6.20$7.6030

Forward $23.81. The 25-delta put carries +2.06 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 41.93%±5.65skew +2.83
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$19.10$23.40—$2.50—————
011$16.70$21.00—$5.00—————
02$14.20$18.50—$7.50—————
030$11.80$14.70—$10.00—————
081$10.30$12.30—$12.50—————
0569$8.30$9.50—$15.00—————
0345$6.40$7.30—$17.5046.98%$0.25$0.351,4800
03,672$4.50$4.80—$20.0043.61%$0.60$0.806950
01,341$2.20$3.40—$22.5041.55%$1.35$1.603480
41,343$1.70$1.9041.95%$25.00—$2.65$2.9587620
01,076$0.95$1.1041.74%$27.50—$4.30$5.203360
08,765$0.40$0.6540.78%$30.00—$5.40$7.80840
0818$0.25$0.3541.94%$32.50—$8.50$10.0030

Forward $23.99. The 25-delta put carries +2.83 volatility points over the 25-delta call.

2027-02-19(150 days)ATM 43.11%±6.66skew +2.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$12.5055.29%$0.05$0.1020
02$8.00$10.50—$15.00—————
010$5.90$7.40—$17.50—————
—————$20.0043.97%$0.70$1.151330
066$2.50$3.80—$22.5044.22%$1.70$2.05560
10196$2.05$2.4043.11%$25.00—$2.95$3.30380
385$1.30$1.5543.20%$27.50—$3.70$6.0010
010$0.65$1.0041.96%$30.00—$5.80$8.0050

Forward $24.08. The 25-delta put carries +2.01 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 42.97%±7.26skew +2.71
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
09$11.90$16.10—$10.00—————
014$10.40$12.80—$12.50—————
08$8.10$9.80—$15.00—————
062$5.90$8.10—$17.5047.39%$0.45$0.707450
031$4.10$5.80—$20.0044.97%$0.95$1.302370
0190$3.00$4.10—$22.5043.70%$1.85$2.20370
21,558$2.35$2.6543.11%$25.00—$3.10$3.503932
068$1.35$1.8041.55%$27.50—$3.90$6.00310
0184$0.90$1.2042.26%$30.00—$6.60$8.1010
057$0.55$0.8042.40%$32.50—————
—————$35.00—$10.60$12.6030
210$0.15$0.2544.13%$40.00—————

Forward $24.18. The 25-delta put carries +2.71 volatility points over the 25-delta call.

2027-06-17(268 days)ATM 42.49%±8.85skew +3.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$17.5046.37%$0.75$1.05600
040$5.30$6.40—$20.0044.60%$1.35$1.8020
023$3.60$4.80—$22.5041.83%$2.20$2.65140
0117$2.85$3.4042.51%$25.00—$3.60$4.001622
0108$2.00$2.5542.41%$27.50—$4.80$6.6050
0147$1.35$1.8541.82%$30.00—$6.90$7.6010
039$0.90$1.3541.60%$32.50—————
015$0.65$1.0042.13%$35.00—————
02$0.30$0.5041.80%$40.00—————

Forward $24.30. The 25-delta put carries +3.00 volatility points over the 25-delta call.

2027-09-17(360 days)ATM 43.31%±10.64skew +1.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$8.90$11.10—$15.00—————
—————$17.5046.25%$1.00$1.3550
—————$20.0044.92%$1.70$2.1540
—————$22.5044.23%$2.80$3.10500
16354$3.80$4.2044.05%$25.00—$4.00$4.501240
016$2.80$3.3043.16%$27.50—$4.50$7.1010
011$2.05$2.5042.19%$30.00—$6.60$9.10500
0131$1.25$1.5543.05%$35.00—————
030$0.75$1.2041.56%$37.50—————

Forward $24.74. The 25-delta put carries +1.87 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.