Options Skew Analytics

BDX option chain

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

Data as of 22 September 2026 (end of day)

2026-10-16(24 days)ATM 26.59%±12.54skew +1.95
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$18.30$20.10—$165.0029.54%$0.35$0.551531
01$13.00$15.60—$170.00—————
01$8.80$11.60—$175.0028.42%$1.60$2.25506
0759$5.40$7.90—$180.0027.81%$3.20$3.7053120
929$4.00$4.9026.47%$185.00—$5.20$5.905060
55304$2.20$2.8026.01%$190.00—$8.00$9.802230
142$1.10$1.6526.47%$195.00—$11.70$13.9010
—————$200.00—$16.10$18.3050

Forward $183.90. The 25-delta put carries +1.95 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 30.63%±22.63skew +1.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$155.0033.44%$0.85$1.3511
02$20.70$22.40—$165.0031.23%$1.90$2.8006
—————$170.0031.15%$2.85$4.30111
20$13.50$14.80—$175.0029.40%$4.30$5.2023
02$9.10$11.70—$180.0028.97%$5.90$7.4021
23$8.00$8.8030.64%$185.00—————
27$5.80$6.5029.92%$190.00—————
25$4.10$4.8029.65%$195.00—————
113$2.90$3.5029.70%$200.00—————
621$1.40$2.1030.90%$210.00—————

Forward $183.77. The 25-delta put carries +1.45 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 28.64%±25.75skew +2.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$77.60$81.70—$105.00—————
02$67.70$71.90—$115.00—————
04$53.10$56.00—$130.00—————
01$48.70$51.40—$135.00—————
04$43.80$46.50—$140.00—————
03$34.10$36.90—$150.00—————
05$30.30$32.30—$155.0032.53%$1.45$2.30170
0136$25.80$27.90—$160.0032.05%$2.05$3.30530
093$21.90$23.80—$165.0030.43%$2.85$4.00213
024$17.80$20.00—$170.0030.62%$4.10$5.7080
069$13.90$16.50—$175.0030.08%$5.60$7.40160
0824$11.30$13.40—$180.0029.13%$7.20$9.40100
023$9.40$10.2028.73%$185.00—$9.60$11.70330
0660$7.10$8.0028.26%$190.00—$12.10$14.30770
016$5.30$6.2028.04%$195.00—————
4189$3.90$4.7027.85%$200.00—$19.00$21.9030
0144$2.15$2.9528.69%$210.00—————

Forward $184.14. The 25-delta put carries +2.77 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 28.84%±29.90skew +2.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$82.60$86.70—$100.00—————
05$73.00$76.80—$110.00—————
01$63.20$66.70—$120.00—————
013$53.30$56.80—$130.00—————
010$48.50$52.20—$135.00—————
016$43.70$47.50—$140.00—————
06$39.20$42.70—$145.00—————
022$34.50$38.00—$150.00—————
012$30.10$33.90—$155.00—————
025$26.10$29.50—$160.0030.84%$2.60$4.10130
0507$22.10$25.00—$165.0030.13%$3.50$5.30950
0592$18.50$21.70—$170.0029.30%$4.70$6.60280
031$15.20$18.40—$175.0029.23%$6.50$8.40120
083$12.20$15.60—$180.0028.46%$8.10$10.5060
050$10.60$12.9029.21%$185.00—————
10130$8.30$10.1028.16%$190.00—$12.70$16.20190
0308$6.40$8.2027.93%$195.00—$15.90$19.2060
0196$4.90$6.3027.42%$200.00—————
3501$2.90$4.2028.00%$210.00—————
039$1.65$2.0527.01%$220.00—————

Forward $184.66. The 25-delta put carries +2.12 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 29.23%±37.83skew +2.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$68.50$72.00—$115.00—————
03$49.80$53.60—$135.00—————
01$45.30$49.10—$140.00—————
02$40.90$44.70—$145.00—————
032$36.80$40.40—$150.00—————
05$32.50$36.30—$155.0031.42%$3.30$5.20170
027$28.60$32.20—$160.00—————
04$24.80$28.70—$165.0030.28%$5.40$7.8040
034$21.40$25.30—$170.0028.95%$6.80$8.7020
09$18.20$22.30—$175.0029.25%$8.50$11.2010
017$15.50$19.30—$180.0028.98%$10.50$13.40130
023$12.90$16.30—$185.0028.59%$12.90$15.6010
021$11.50$14.1029.27%$190.00—————
01$9.50$12.2029.16%$195.00—————
013$7.80$10.5029.09%$200.00—————
09$5.20$6.7027.95%$210.00—————
022$3.40$4.9028.28%$220.00—————

Forward $185.36. The 25-delta put carries +2.00 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.