Options Skew Analytics

BKNG option chain

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

Data as of 23 September 2026 (end of day)

2026-10-02(9 days)ATM 43.12%±10.58skew +2.98
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$15.50$20.30—$140.00—————
10$12.00$15.80—$144.00—————
—————$145.0043.61%$0.60$0.857146
—————$149.0045.02%$1.30$1.95264
05$7.50$8.20—$150.0043.73%$1.60$2.00134129
—————$152.5044.23%$2.35$3.0013041
1812$4.40$5.10—$155.0042.34%$3.30$3.801,5821,331
180$3.40$3.9043.48%$157.50—$4.80$5.4015371
945$2.30$2.9042.76%$160.00—$6.30$6.9012223
726586$1.50$2.0542.04%$162.50—$7.90$8.60395
—————$165.00—$9.10$10.5031830
4052$0.70$1.1043.82%$167.50—$10.30$12.60194
—————$170.00—$13.70$14.901305
—————$172.50—$15.00$17.20150
—————$175.00—$18.00$19.601003
—————$180.00—$22.00$24.6032610
—————$185.00—$25.90$29.50710
—————$187.50—$26.10$32.8050
—————$190.00—$30.20$35.10311
—————$192.50—$31.10$43.5008
—————$195.00—$33.60$43.8088

Forward $156.20. The 25-delta put carries +2.98 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 41.47%±13.56skew +1.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$145.0040.50%$1.10$1.601970
03$8.70$9.40—$150.0041.97%$2.60$3.10313111
—————$152.5041.25%$3.20$4.2023
75$5.70$6.20—$155.0041.51%$4.60$5.1011933
2380$4.50$5.0041.46%$157.50—$5.80$6.6020
7514$3.60$4.0041.97%$160.00—$7.30$7.9024788
315$2.60$3.1041.12%$162.50—$8.50$9.501332
5577$1.75$2.3540.07%$165.00—$10.50$11.4017146
5018$1.30$1.7540.17%$167.50—$11.10$13.30110
51143$1.00$1.3540.98%$170.00—$13.60$15.404722
—————$172.50—$15.70$18.4010
—————$175.00—$16.20$20.70880
—————$180.00—$20.80$25.60451
—————$185.00—$25.80$29.80135
—————$190.00—$28.60$38.9090
—————$195.00—$35.40$40.20162
—————$200.00—$38.60$46.1090
—————$205.00—$43.80$52.60300

Forward $156.10. The 25-delta put carries +1.90 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 40.91%±16.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
328$6.60$7.60—$154.8038.53%$4.30$5.80163
13177$6.60$7.50—$155.0041.81%$5.40$5.9020955
029$6.50$7.80—$155.2041.19%$4.90$6.40511
534$6.40$7.70—$155.4040.89%$4.90$6.50460
108$6.10$8.10—$155.6040.27%$5.00$6.40152
08$6.10$7.50—$155.8040.60%$5.20$6.50174
06$6.10$7.50—$156.0040.28%$5.40$6.4012234
69$5.90$7.60—$156.2040.60%$5.30$6.80124
011$5.90$7.80—$156.4039.95%$5.40$6.70174
19$5.80$7.00—$156.6039.30%$5.40$6.70643
16$5.50$6.70—$156.80—$5.40$6.80770
—————$157.00—$5.50$7.00230
—————$157.20—$5.90$7.0054138
496$5.40$6.7040.45%$157.40—$5.60$7.101312
—————$157.50—$6.50$7.4010
07$5.20$6.9041.04%$157.60—$5.20$7.40600
05$5.10$6.1038.74%$157.80—$5.60$7.30111
16$5.10$6.2039.64%$158.00—$6.60$7.501250
08$5.10$6.3040.53%$158.20—————
07$4.80$6.2039.82%$158.40—$5.80$8.20340
07$4.80$6.1040.05%$158.60—$6.40$8.2060

Forward $156.80. Not enough surviving quotes on both wings to measure the skew here.

2026-10-23(30 days)ATM 39.95%±17.91skew +1.53
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$30.70$37.40—$125.00—————
—————$135.0041.57%$0.80$1.00134
20$17.70$21.90—$140.0041.62%$1.55$1.808351
—————$145.0040.89%$2.60$2.90198100
23$10.20$11.30—$150.0040.01%$4.10$4.4014074
150$7.60$8.10—$155.0040.18%$6.20$6.7016225
476$5.30$5.7039.66%$160.00—$8.90$9.4010316
30110$3.50$4.0039.56%$165.00—$11.50$12.80723
334$2.25$2.6539.35%$170.00—$15.50$16.60684
1950$1.45$1.7539.69%$175.00—$16.40$21.20380
2844$0.85$1.3540.87%$180.00—$21.40$25.70560
—————$185.00—$25.60$30.70150
—————$190.00—$28.70$35.60160
—————$195.00—$35.50$40.30150
—————$200.00—$35.70$51.9020
—————$215.00—$56.20$63.2001

Forward $156.40. The 25-delta put carries +1.53 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 42.58%±21.29skew +2.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$130.0043.45%$0.60$0.9514
—————$135.0044.03%$1.15$1.752843
1018$18.40$20.80—$140.0043.29%$2.00$2.603681
10$14.50$16.40—$145.0042.31%$3.00$3.902056
526$11.30$13.30—$150.0042.20%$4.70$5.608751
390$8.60$10.30—$155.0042.51%$6.80$8.007318
224$6.50$7.8042.59%$160.00—$9.40$10.706220
1126$4.50$5.8041.90%$165.00—$12.20$13.70276
4864$3.10$4.3041.92%$170.00—$15.70$17.40732
615$1.95$2.6539.91%$175.00—$19.80$21.3072
226$1.40$1.9541.04%$180.00—$23.10$26.201712
—————$185.00—$25.80$30.8050
—————$190.00—$28.20$35.50110
—————$195.00—$36.20$40.3011

Forward $157.06. The 25-delta put carries +2.40 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 43.66%±27.31skew +0.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$47.90$57.70—$105.00—————
01$46.30$52.90—$110.00—————
40$41.50$44.90—$115.00—————
515$36.90$40.10—$120.0045.73%$0.60$0.95344
—————$125.0047.77%$1.20$1.802322
0301$28.50$30.80—$130.0046.51%$2.00$2.253725
12$24.30$27.90—$135.0045.12%$2.85$3.005261
—————$140.0044.25%$3.90$4.20252308
01$17.30$18.30—$145.0044.44%$5.50$5.9032255
132$14.20$15.20—$150.0043.70%$7.40$7.60323495
14429$11.50$12.00—$155.0043.77%$9.60$10.10293193
15967$9.20$9.7043.65%$160.00—$11.50$12.7056569
5470$7.20$8.1044.15%$165.00—$15.30$15.8044122
1,323955$5.60$6.1043.32%$170.00—$17.40$19.20477116
29452$4.30$4.7043.12%$175.00—$21.20$22.9066554
100871$3.30$3.7043.37%$180.00—$24.60$27.002008
60191$2.50$2.8043.31%$185.00—$28.50$31.501701
60314$1.85$2.3544.02%$190.00—$31.90$36.101230
2336$1.40$1.8044.20%$195.00—$36.30$40.605290
1663,327$1.00$1.4544.50%$200.00—$38.90$45.402290
471,352$0.65$0.8045.23%$210.00—$48.70$55.20860

Forward $156.91. The 25-delta put carries +0.87 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 40.84%±31.41skew +2.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
026$21.00$22.60—$142.0044.09%$5.60$6.705252
0780$19.70$23.40—$144.0044.65%$6.70$7.3021419
100130$19.00$20.80—$145.0045.13%$7.20$7.8031537
01,138$18.40$22.10—$146.0044.26%$7.10$8.2024612
028$17.30$20.90—$148.0044.98%$8.30$9.0061836
3,01325,031$16.10$17.80—$150.0044.26%$8.90$9.70418149
0226$15.10$18.60—$152.0043.92%$9.50$10.701,3823
0256$14.00$17.60—$154.0044.45%$10.90$11.5091928
139177$13.50$14.30—$155.0043.63%$10.80$12.1019245
1164$12.90$16.50—$156.0044.46%$11.90$12.5077714
147$12.00$15.30—$158.0044.32%$12.90$13.5053134
78594$11.20$12.2040.84%$160.00—$13.30$14.705,98368
1340$10.30$11.4040.84%$162.00—$13.80$16.1033613
203,300$9.50$10.6040.84%$164.00—$13.20$17.601,48150
32339$9.20$9.9040.45%$165.00—$14.50$18.0034925
18292$8.60$9.8040.52%$166.00—$16.00$18.202046
9239$8.10$9.1040.89%$168.00—$15.70$19.907700
144454$7.50$8.1040.43%$170.00—$19.10$21.0078132
4620$6.90$7.8041.02%$172.00—$21.00$22.706645
4218$6.20$7.3040.96%$174.00—$19.80$24.202680
16251$6.00$7.3041.59%$175.00—$22.30$24.601607

Forward $158.45. The 25-delta put carries +2.50 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 38.23%±34.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$16.20$19.60—$153.2041.13%$9.30$12.501710
0193$15.90$20.50—$153.6040.88%$9.40$12.601,2890
0195$15.90$17.20—$154.0045.20%$12.30$13.004,471117
027$15.60$17.20—$154.4041.54%$9.90$13.304,3510
219$15.30$18.60—$154.8041.57%$10.00$13.60380
09$15.30$19.70—$155.2044.08%$12.10$13.602108
040$15.00$19.50—$155.6043.07%$11.40$14.00930
11712$14.90$15.70—$156.0044.39%$12.70$14.0019925
226$14.70$15.90—$156.4043.66%$12.40$14.201470
052$14.50$18.50—$156.8043.22%$12.30$14.40560
082$14.30$18.20—$157.2043.50%$12.80$14.502,1372
338$14.10$15.40—$157.6042.62%$12.40$14.701,5840
3114$14.30$15.40—$158.0041.17%$11.70$14.802,7360
0138$13.60$18.00—$158.4041.01%$11.70$15.101,7590
0111$13.40$16.90—$158.8041.70%$12.10$15.606600
330$13.30$17.20—$159.2041.82%$12.30$15.902580
106375$13.10$13.60—$160.0043.03%$13.70$16.202,3520
162$12.20$13.4038.40%$162.00—$15.70$17.101,18712
12326$11.30$12.5038.24%$164.00—$17.20$18.201,90210
11261$10.90$12.0038.11%$165.00—$15.10$19.201,2810
4177$10.60$11.7038.38%$166.00—$18.40$19.806,2170

Forward $160.37. 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.