Options Skew Analytics

BMY 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 35.23%±3.04skew +2.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
120$21.90$22.75—$40.00—————
04$13.50$16.10—$48.00—————
20$8.95$10.40—$53.00—————
03$5.55$7.35—$56.00—————
015$4.75$6.40—$57.00—————
017$3.65$5.80—$58.00—————
047$2.74$4.40—$59.0037.90%$0.21$0.31531,196
8322$2.54$2.72—$60.0036.91%$0.40$0.485,6222,244
31103$1.80$1.97—$61.0036.05%$0.67$0.7617045
111246$1.26$1.38—$62.0035.36%$1.05$1.17130678
188338$0.81$0.9034.98%$63.00—$1.58$1.71322358
999569$0.49$0.5534.73%$64.00—$2.14$2.39262
165360$0.25$0.3534.73%$65.00—$2.82$3.3010415
92348$0.15$0.2236.05%$66.00—$3.00$4.1520
—————$68.00—$4.80$6.6010

Forward $62.21. The 25-delta put carries +2.18 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 33.09%±4.03skew -0.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$16.55$19.10—$45.00—————
020$12.10$13.10—$50.0050.32%$0.01$0.042,2452
—————$52.5041.45%$0.01$0.053602
095$6.65$8.85—$55.0036.95%$0.05$0.107,87626
20$5.75$7.40—$56.00—————
025$4.80$6.95—$57.00—————
4353$4.40$5.95—$57.50—————
015$3.85$6.00—$58.0034.39%$0.23$0.3826715
0121$3.00$4.85—$59.0032.70%$0.38$0.4920718
504,876$2.84$3.10—$60.0032.70%$0.63$0.747,376184
4418$2.19$2.36—$61.0032.72%$0.97$1.0824920
23443$1.62$1.85—$62.0032.48%$1.34$1.56272
474,024$1.38$1.6133.18%$62.50—$1.65$1.833,65235
17451$1.07$1.3932.23%$63.00—$1.86$2.072452
56366$0.81$1.0033.11%$64.00—$2.47$2.731480
4523,975$0.55$0.6832.90%$65.00—$3.20$3.503920
39946$0.35$0.5033.38%$66.00—————
—————$67.50—$4.50$6.251110
—————$68.00—$5.00$6.7020
—————$69.00—$5.85$7.6580
—————$70.00—$6.85$8.056620

Forward $62.25. The 25-delta put carries -0.20 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 33.08%±4.94skew +0.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$21.50$24.35—$40.00—————
03$9.60$12.25—$52.00—————
01$5.75$7.65—$56.00—————
02$4.90$7.20—$57.00—————
015$4.60$5.45—$58.0033.79%$0.48$0.54294
063$3.65$4.90—$59.0033.30%$0.66$0.781301
067$3.15$3.40—$60.0031.80%$0.79$1.09732
025$2.61$2.77—$61.0031.42%$1.13$1.441280
19106$1.94$2.19—$62.0032.54%$1.71$1.892,8312
2138$1.58$1.7333.46%$63.00—$2.27$2.4036931
0219$1.12$1.3132.53%$64.00—$2.86$3.05284
2207$0.85$0.9932.84%$65.00—$3.40$3.7050
13234$0.60$0.7132.46%$66.00—$3.45$4.5050
8114$0.42$0.5032.29%$67.00—————

Forward $62.27. The 25-delta put carries +0.84 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 31.59%±6.11skew -0.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$6.05$8.60—$56.00—————
—————$58.0032.44%$0.69$0.9129268
05$4.30$4.75—$59.0031.07%$0.78$1.1980
—————$60.0032.43%$1.18$1.62400
01$2.97$3.45—$61.0032.42%$1.57$2.0102
02$2.45$2.87—$62.0031.44%$1.98$2.3610
027$1.98$2.4131.61%$63.00—$2.51$3.0510
11$1.48$1.9630.80%$64.00—$3.05$3.4515
020$1.21$1.6031.31%$65.00—$3.60$4.20400
115$0.85$1.2930.72%$66.00—————
120$0.55$0.8431.84%$68.00—————

Forward $62.49. The 25-delta put carries -0.76 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 30.99%±6.57skew +1.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$38.60$41.10—$23.00—————
05$36.60$39.10—$25.00—————
060$31.65$34.40—$30.00—————
05$28.65$30.70—$33.00—————
05$26.70$29.15—$35.00—————
019$21.70$23.50—$40.00—————
020$19.70$22.50—$42.00—————
0284$16.75$19.25—$45.00—————
02,939$14.80$17.15—$47.00—————
214,177$12.40$13.60—$50.00—————
02,277$9.45$11.10—$52.5034.97%$0.16$0.2620,1232
321,832$7.70$8.30—$55.0033.04%$0.35$0.4723,178617
92,874$5.65$6.65—$57.5031.98%$0.72$0.9123,01257
447,674$3.90$4.20—$60.0031.62%$1.43$1.6519,051623
353,933$2.51$2.75—$62.5031.07%$2.43$2.7720,66962
37915,489$1.48$1.6830.62%$65.00—$3.90$4.253,97756
1085,434$0.81$0.9630.37%$67.50—$5.05$6.801570
1077,724$0.41$0.5730.79%$70.00—$7.05$8.852160
—————$72.50—$9.50$11.20260
—————$75.00—$11.85$13.6010

Forward $62.53. The 25-delta put carries +1.60 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 33.80%±9.20skew +3.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$33.10$35.65—$28.00—————
013$31.10$33.55—$30.00—————
02$28.15$30.55—$33.00—————
018$26.15$28.55—$35.00—————
011$23.20$25.80—$38.00—————
0290$21.20$23.65—$40.0048.78%$0.05$0.105,4560
4505$18.25$20.95—$43.00—————
01,072$16.80$18.70—$45.00—————
0317$14.40$16.70—$47.00—————
53,791$11.80$13.70—$50.00—————
0722$9.15$11.55—$52.5036.25%$0.50$0.824,4201
09,963$7.85$8.95—$55.0035.64%$1.02$1.2120,12945
54,269$6.20$7.45—$57.5035.78%$1.75$1.9310,379238
213,939$4.70$5.05—$60.0034.58%$2.59$2.7722,5920
525,964$3.35$3.6533.91%$62.50—$3.70$3.953,50578
8511,082$2.31$2.5133.08%$65.00—$5.10$5.551,50827
238,077$1.47$1.7032.37%$67.50—$6.75$7.254376
39412,498$0.98$1.1232.45%$70.00—$8.75$10.301550
11,258$0.60$0.7532.49%$72.50—$10.15$12.45170
07,209$0.38$0.5233.06%$75.00—$12.35$14.65610
—————$80.00—$16.95$19.1520

Forward $62.17. The 25-delta put carries +3.34 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 35.59%±13.44skew +3.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$31.10$33.55—$30.00—————
05$21.25$23.50—$40.00—————
034$16.80$18.80—$45.00—————
15806$12.15$14.45—$50.0037.66%$0.92$1.218,9285
040$10.80$12.60—$52.5037.43%$1.53$1.653,60820
03,773$8.55$10.30—$55.0037.09%$2.13$2.393,5371
12,973$7.70$8.85—$57.5036.32%$2.93$3.152,7241
49,207$6.30$7.20—$60.0034.93%$3.60$4.209,0081
2111,656$5.00$5.45—$62.5035.03%$4.80$5.503,18420
1355,969$4.10$4.5035.83%$65.00—$6.15$6.852,1249
65,133$2.87$3.9035.55%$67.50—$7.75$8.405570
674,975$2.47$2.6034.60%$70.00—$9.55$10.252,0870
141,696$1.84$1.9534.09%$72.50—$11.35$12.10320
01,302$1.30$1.4933.66%$75.00—$13.15$15.45260
5863$0.68$0.9334.00%$80.00—————

Forward $62.58. The 25-delta put carries +3.00 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 34.26%±16.85skew +4.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
093$26.20$28.80—$35.00—————
0591$21.65$23.75—$40.00—————
0748$17.40$19.20—$45.0036.89%$0.75$1.052,7305
20290$14.00$15.20—$50.0037.06%$1.78$2.053,7121
0210$10.95$13.90—$52.5037.66%$2.45$2.959870
0350$10.45$11.30—$55.0035.92%$3.20$3.354,1614
0413$8.95$9.95—$57.5035.22%$3.90$4.354,4440
6640$7.55$8.35—$60.0034.07%$4.60$5.454,399634
95,643$6.35$7.15—$62.5034.46%$6.05$6.657,433176
255,921$5.30$6.0534.29%$65.00—$7.25$8.056,510126
01,046$4.30$5.1033.92%$67.50—$8.75$9.607750
2803,310$3.55$4.2033.68%$70.00—$10.35$11.251090
15,100$2.82$3.1032.25%$72.50—————
33,787$2.22$2.5332.03%$75.00—$14.05$15.0010
1300$1.69$1.9831.44%$77.50—————
80475$1.32$1.6431.52%$80.00—————
01,100$0.81$1.1631.97%$85.00—————

Forward $62.91. The 25-delta put carries +4.48 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.