Options Skew Analytics

BWA 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 33.48%±5.26skew +0.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$29.20$33.10—$30.00—————
05$24.20$28.20—$35.00—————
07$21.70$25.70—$37.50—————
046$20.30$23.20—$40.00—————
0108$16.80$20.70—$42.50—————
011$14.70$18.20—$45.00—————
06$13.40$14.60—$47.50—————
066$10.90$12.80—$50.00—————
058$8.60$10.40—$52.50—————
1051$6.20$8.10—$55.0037.82%$0.30$0.45873
080$4.20$5.90—$57.5035.56%$0.65$0.902270
1212$2.60$3.60—$60.0033.93%$1.35$1.701,7491
10167$1.45$1.6533.36%$62.50—$2.45$3.1048121
71,588$0.80$0.9034.70%$65.00—$3.60$4.903200
7216$0.30$0.5034.68%$67.50—$6.30$7.004070
114,705$0.15$0.2535.96%$70.00—$8.80$9.402640
—————$72.50—$10.00$11.901000
—————$75.00—$12.50$15.001570
—————$77.50—$14.30$18.5030

Forward $61.27. The 25-delta put carries +0.86 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 39.57%±9.79skew +0.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$19.50$23.50—$40.00—————
030$16.20$18.20—$45.00—————
66$13.90$14.80—$47.5044.80%$0.25$0.40200
023$11.60$13.50—$50.00—————
—————$52.5041.82%$0.75$1.00355
012$7.60$9.30—$55.0040.65%$1.25$1.501127
05$5.80$7.50—$57.5039.84%$1.90$2.301210
239$4.40$4.80—$60.0039.21%$2.85$3.301004
05$3.20$3.7039.57%$62.50—$4.10$4.703320
15178$2.35$2.6039.30%$65.00—$4.80$6.30770
271$1.60$1.8539.05%$67.50—$6.40$8.10630
27464$1.10$1.4540.24%$70.00—$8.30$10.10280
068$0.70$1.0540.30%$72.50—$10.20$12.30160
0534$0.45$0.7540.55%$75.00—$12.70$14.8060
—————$80.00—$17.50$19.4010

Forward $61.54. The 25-delta put carries +0.41 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 37.77%±11.37skew +0.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
030$16.40$18.30—$45.00—————
06$14.10$16.00—$47.50—————
04$11.90$13.80—$50.0040.80%$0.65$1.00170
011$8.00$9.90—$55.0037.91%$1.50$2.00100
100$6.40$7.80—$57.5037.43%$2.25$2.8510
05$5.00$6.70—$60.0036.83%$3.20$3.90170
152$3.80$4.4037.74%$62.50—$4.60$5.3010
079$2.90$3.4037.92%$65.00—$6.20$6.80630
09$2.15$2.6538.20%$67.50—$6.70$8.60840
228$1.40$2.0037.37%$70.00—————
046$1.15$1.5538.70%$72.50—————
—————$75.00—$12.80$14.8010
—————$80.00—$17.60$19.60130
—————$85.00—$22.00$25.9010

Forward $61.64. The 25-delta put carries +0.55 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 37.07%±12.87skew +0.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$21.30$23.30—$40.00—————
01$16.60$18.60—$45.0040.88%$0.35$0.55120
—————$47.5039.90%$0.60$0.8070
05$12.30$14.10—$50.0039.28%$0.95$1.20715
—————$52.5038.85%$1.50$1.7050
011$8.60$10.20—$55.0037.42%$1.90$2.454310
02$7.00$8.80—$57.5037.22%$2.80$3.30260
033$5.50$7.40—$60.0036.50%$3.60$4.50240
066$4.40$5.1036.96%$62.50—$5.10$5.7060
26117$3.50$4.1037.26%$65.00—$6.60$7.20170
094$2.60$3.2036.64%$67.50—$7.10$9.1060
0405$1.95$2.5536.75%$70.00—$9.00$10.907050
044$1.45$2.0537.03%$72.50—————
056$1.00$1.6036.74%$75.00—————
013$0.80$1.3037.64%$77.50—————
2692$0.70$1.0538.78%$80.00—————
—————$90.00—$27.00$30.9010

Forward $61.84. The 25-delta put carries +0.39 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 36.83%±16.04skew +0.98
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$42.5042.27%$0.55$0.8030
—————$45.0040.83%$0.70$1.15140
—————$47.5041.12%$1.15$1.6510
031$12.70$15.40—$50.0040.38%$1.75$2.05130
—————$52.5038.93%$2.05$2.8080
—————$55.0038.50%$2.80$3.602000
07$8.40$10.40—$57.5038.93%$3.90$4.602550
01,135$7.00$9.00—$60.0037.44%$4.60$5.7070
09$5.90$6.7037.52%$62.50—$5.90$7.0050
055$4.60$5.7036.73%$65.00—$7.30$8.5020
017$3.90$4.8037.19%$67.50—$8.90$10.1040
286$3.30$3.8036.88%$70.00—$10.50$11.80210
01$2.70$3.4037.76%$72.50—————
153$2.10$2.8537.53%$75.00—————
02,082$1.45$2.1038.57%$80.00—————
01$1.05$1.7538.11%$82.50—————

Forward $62.35. The 25-delta put carries +0.98 volatility points over the 25-delta call.

2027-04-16(206 days)ATM 36.69%±17.34skew +2.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$47.5040.47%$1.20$1.9010
11$13.80$16.30—$50.0039.63%$1.65$2.4510
—————$57.5037.92%$3.80$4.90210
—————$60.0037.77%$4.90$6.0010
—————$62.5037.68%$6.10$7.302420
—————$65.00—$7.60$8.8030
01$4.40$5.3036.12%$67.50—$8.30$10.4020
01$3.10$3.9036.75%$72.50—————
02$1.80$2.4537.56%$80.00—————

Forward $62.89. The 25-delta put carries +2.07 volatility points over the 25-delta call.

2027-06-17(268 days)ATM 36.29%±19.77skew +0.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$24.30$26.80—$37.50—————
025$22.40$24.70—$40.00—————
09$20.30$22.60—$42.50—————
02$18.20$20.50—$45.0041.24%$1.20$1.9510
01$16.40$18.60—$47.5040.31%$1.60$2.4550
016$14.60$17.00—$50.0039.66%$2.10$3.1010
014$11.40$13.50—$55.0038.64%$3.50$4.7030
—————$57.5040.15%$5.00$5.8006
021$8.70$10.80—$60.00—————
01$7.60$9.60—$62.5038.80%$6.80$8.3030
050$6.50$7.5036.15%$65.00—$8.30$9.7020
051$5.60$6.6036.32%$67.50—$9.30$11.5020
04$4.70$5.8036.22%$70.00—$11.00$13.5020
015$3.50$4.5036.82%$75.00—————
01$2.65$3.5037.52%$80.00—————
010$2.30$3.1037.85%$82.50—————
01$1.95$2.7037.86%$85.00—————
02$1.45$2.1538.48%$90.00—————

Forward $63.58. The 25-delta put carries +0.79 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.