Options Skew Analytics

BP option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 42.17%±1.95skew +3.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
40$7.10$7.95—$37.00—————
20$5.10$5.95—$39.00—————
1210$4.10$4.95—$40.00—————
012$2.68$3.90—$41.00—————
01$2.08$3.00—$42.0042.39%$0.09$0.14320
—————$42.5041.26%$0.14$0.229222
210$1.42$1.75—$43.0041.86%$0.26$0.342653
10$1.23$1.34—$43.5042.08%$0.45$0.473631
5291$0.90$0.99—$44.0042.06%$0.62$0.7117690
7872$0.61$0.7042.26%$44.50—$0.88$0.9731639
310197$0.39$0.4439.56%$45.00—$1.20$1.312315
97145$0.22$0.2938.36%$45.50—$1.57$2.09370
74114$0.13$0.1838.15%$46.00—$1.91$2.542475
56116$0.08$0.1038.04%$46.50—————
4856$0.04$0.0738.83%$47.00—$2.36$3.4529110
427$0.01$0.0437.61%$47.50—$3.30$3.70240
—————$48.00—$3.50$4.201950
—————$49.00—$4.80$5.50970
—————$49.50—$4.55$6.8550
1554$0.01$0.0254.44%$50.00—$5.55$6.6023512
—————$51.00—$6.45$7.60150

Forward $44.23. The 25-delta put carries +3.51 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 35.87%±2.75skew +3.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
050$5.20$5.75—$39.00—————
15389$4.20$4.80—$40.0038.78%$0.06$0.122587
0—$3.75$4.25—$40.50—————
1110$3.25$3.70—$41.0039.53%$0.16$0.264721
0—$2.83$3.30—$41.5037.45%$0.22$0.29—2
0527$2.40$2.73—$42.0037.11%$0.31$0.392,21411
0—$2.01$2.37—$42.5036.54%$0.41$0.52—11
2657$1.67$1.90—$43.0036.39%$0.57$0.671,13427
36$1.38$1.55—$43.5036.14%$0.75$0.8625365
786,984$1.12$1.23—$44.0036.21%$0.98$1.09902165
15818$0.86$0.9635.24%$44.50—$1.23$1.35374
4917,403$0.65$0.7434.71%$45.00—$1.52$1.6511,2758
31182$0.46$0.5233.22%$45.50—$1.82$1.991750
612,123$0.32$0.3932.97%$46.00—$2.20$2.507503
2473$0.22$0.3033.19%$46.50—$2.62$2.941470
—————$47.00—$2.96$3.405142
—————$47.50—$3.40$3.752560
1761,015$0.07$0.1133.55%$48.00—$3.85$4.404910
—————$48.50—$4.30$4.851830
651,267$0.03$0.0634.41%$49.00—$4.80$5.351,0012
—————$49.50—$5.40$5.85750

Forward $44.14. The 25-delta put carries +3.57 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 31.17%±3.06skew +0.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$3.50$4.80—$40.00—————
0—$3.50$5.00—$40.50—————
—————$41.0033.44%$0.20$0.332910
0—$2.37$3.50—$41.50—————
02$2.00$3.05—$42.0032.15%$0.40$0.48403
0—$1.82$2.74—$42.5032.89%$0.51$0.70—0
02$1.84$2.07—$43.0032.02%$0.70$0.79560
0—$1.51$1.73—$43.5032.68%$0.87$1.07—0
252$1.26$1.36—$44.0031.73%$1.12$1.212946
6—$0.96$1.1230.85%$44.50—$1.32$1.56—0
249$0.81$0.9031.34%$45.00—$1.67$1.766512
0—$0.57$0.8031.45%$45.50—$1.96$2.18—0
211$0.47$0.5630.73%$46.00—$2.34$2.53890
0—$0.34$0.5332.00%$46.50—$2.56$3.25—0
0278$0.26$0.3530.87%$47.00—$2.88$3.651530
—————$47.50—$2.99$4.10—0
023$0.15$0.2031.17%$48.00—$3.65$5.00320
—————$48.50—$4.05$5.10—0
—————$49.00—$4.85$6.30330
—————$49.50—$5.00$6.30—0
—————$50.00—$5.40$7.10220

Forward $44.15. The 25-delta put carries +0.16 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 31.77%±3.67skew +1.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$4.10$5.30—$40.00—————
40$3.20$3.85—$41.0033.20%$0.36$0.441501
—————$42.0032.40%$0.58$0.66321
021$2.01$2.20—$43.0032.18%$0.90$1.00281
13$1.50$1.60—$44.0031.89%$1.33$1.4371
498$1.04$1.1331.49%$45.00—$1.88$1.96513
46$0.68$0.7731.10%$46.00—$2.47$2.73110
724$0.43$0.5130.98%$47.00—$3.25$3.501310
1471$0.26$0.3431.15%$48.00—$3.25$4.65160
—————$49.00—$4.20$6.3570
—————$50.00—$5.65$6.6011
—————$51.00—$6.60$7.6001
—————$56.00—$11.10$14.0010
—————$57.00—$12.10$15.0010
—————$58.00—$13.10$16.0010
—————$59.00—$14.10$17.0010

Forward $44.17. The 25-delta put carries +1.42 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 32.58%±4.71skew +1.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$11.80$13.10—$32.00—————
301,124$11.00$12.15—$33.00—————
01$10.20$10.75—$34.0041.16%$0.02$0.081,3770
12,631$9.20$9.75—$35.00—————
—————$36.0037.95%$0.08$0.121917
41,782$7.20$7.75—$37.00—————
011$6.25$6.75—$38.0035.79%$0.19$0.253631
011$5.30$5.80—$39.0034.77%$0.26$0.385550
319,998$4.45$4.90—$40.0033.96%$0.43$0.502,67636
027$3.65$4.00—$41.0033.37%$0.63$0.713686
302,519$3.00$3.25—$42.0032.90%$0.90$0.991,0295
86191$2.48$2.58—$43.0032.89%$1.26$1.382,6744
442285$1.93$2.02—$44.0032.64%$1.70$1.838,13317
31518,699$1.47$1.5632.51%$45.00—$2.22$2.362,8332
644932$1.08$1.1632.08%$46.00—$2.83$3.056180
1083,471$0.77$0.8732.00%$47.00—$3.50$3.801,0951
45601$0.53$0.6331.76%$48.00—$4.30$4.653990
42460$0.36$0.4531.69%$49.00—$5.10$5.502824
1205,546$0.24$0.3632.39%$50.00—$5.95$6.451,54810
—————$52.50—$8.30$8.851570
815,667$0.03$0.0733.91%$55.00—$10.80$11.35450

Forward $44.21. The 25-delta put carries +1.61 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 31.13%±5.92skew +1.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2659$12.35$12.65—$32.00—————
01$11.20$11.75—$33.0038.51%$0.06$0.12110
07$10.20$10.75—$34.00—————
72,911$9.35$9.80—$35.0035.72%$0.12$0.194,6870
068$8.25$8.80—$36.0035.03%$0.18$0.261,1780
112,910$7.30$7.85—$37.0033.97%$0.25$0.342,0210
15813$6.45$6.95—$38.0033.12%$0.34$0.468521
4672$5.65$6.05—$39.0032.69%$0.52$0.599190
1824,416$4.85$5.20—$40.0032.20%$0.71$0.793,41062
0934$4.15$4.50—$41.0031.81%$0.96$1.048741
32,372$3.55$3.80—$42.0031.62%$1.27$1.371,8760
5915$2.99$3.15—$43.0031.38%$1.65$1.756140
251,883$2.49$2.58—$44.0031.20%$2.10$2.206978
333,345$2.02$2.1131.10%$45.00—$2.62$2.7310,72556
31,829$1.59$1.7030.80%$46.00—$3.20$3.3541111
01,824$1.25$1.3530.66%$47.00—$3.85$4.055160
111,712$0.95$1.0730.49%$48.00—$4.60$4.852170
2587$0.73$0.8230.36%$49.00—$5.30$5.704850
304,862$0.55$0.6530.49%$50.00—$6.15$6.601,113103
4504$0.26$0.3430.66%$52.50—$8.40$8.902690
—————$55.00—$10.75$11.351210

Forward $44.39. The 25-delta put carries +1.46 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 31.58%±8.34skew +1.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$12.25$12.80—$32.0037.16%$0.21$0.316160
0103$11.30$11.75—$33.0036.38%$0.29$0.371,9120
044$10.40$10.95—$34.0035.36%$0.35$0.46580
188$9.50$10.05—$35.0034.77%$0.46$0.576881
03$8.65$9.15—$36.0034.31%$0.60$0.712860
02,930$7.85$8.20—$37.0033.72%$0.76$0.871,80744
02$7.05$7.45—$38.0033.36%$0.96$1.0853528
1042$6.30$6.65—$39.0032.99%$1.20$1.322832
0680$5.60$6.00—$40.0032.64%$1.48$1.60495129
143$4.95$5.30—$41.0032.43%$1.82$1.93501
0824$4.40$4.65—$42.0032.22%$2.20$2.3180212
1897$3.85$4.00—$43.0031.96%$2.61$2.74871
7318$3.35$3.50—$44.0031.78%$3.05$3.2522421
16790$2.92$3.0031.59%$45.00—$3.65$3.757533
6189$2.50$2.5931.44%$46.00—$4.20$4.352490
21885$2.10$2.2231.16%$47.00—$4.85$5.008750
0457$1.78$1.9031.10%$48.00—$5.55$5.702240
150420$1.51$1.5930.95%$49.00—$6.25$6.453460
71,316$1.26$1.3630.95%$50.00—$7.00$7.256090
8575$0.81$0.8830.96%$52.50—$8.95$9.3540
251,862$0.51$0.6231.55%$55.00—$11.10$11.602040

Forward $44.28. The 25-delta put carries +1.69 volatility points over the 25-delta call.

2027-04-16(158 days)ATM 31.63%±9.23skew +1.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$30.0037.77%$0.19$0.251,3990
63$9.65$10.15—$35.0034.53%$0.63$0.721720
05$8.85$9.30—$36.0034.00%$0.79$0.87670
—————$37.0033.59%$0.98$1.0624
0121$7.25$7.70—$38.0033.24%$1.21$1.28764
50$6.55$7.05—$39.0032.78%$1.45$1.54150
440$5.90$6.20—$40.0032.43%$1.75$1.833015
0288$5.25$5.55—$41.0032.15%$2.09$2.17510
4187$4.70$4.90—$42.0031.81%$2.45$2.561070
018$4.20$4.35—$43.0031.74%$2.91$2.991410
4234$3.65$3.85—$44.0031.55%$3.35$3.506437
169$3.25$3.4031.71%$45.00—$3.90$4.052742
067$2.81$2.9431.29%$46.00—$4.45$4.603610
1278$2.44$2.5631.18%$47.00—$5.05$5.251,0800
1258$2.11$2.2431.17%$48.00—$5.75$5.903990
0169$1.81$1.9230.97%$49.00—$6.45$6.65620
3183$1.56$1.6430.88%$50.00—$7.20$7.455692
065$1.06$1.1531.06%$52.50—$9.00$9.502420
1743$0.71$0.7831.13%$55.00—$11.30$11.5520
2566$0.30$0.3831.61%$60.00—————
57401$0.13$0.2132.70%$65.00—————

Forward $44.33. The 25-delta put carries +1.72 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.