Options Skew Analytics

BWA option chain

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

Data as of 6 November 2026 (end of day)

2026-12-18(42 days)ATM 39.03%±6.47skew +1.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$42.5040.44%$0.45$0.5533501
030$4.70$5.10—$45.0039.46%$0.95$1.101612
06$3.10$3.40—$47.5038.91%$1.70$2.10290
44$1.95$2.2039.06%$50.00—$3.10$3.301170
52$0.95$1.3537.56%$52.50—$4.60$5.002232
784$0.45$0.7536.96%$55.00—$6.50$7.103740
—————$57.50—$8.50$9.60111
—————$60.00—$10.80$11.90211
—————$62.50—$13.20$14.6020
—————$67.50—$17.80$19.5010

Forward $48.87. The 25-delta put carries +1.90 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 38.57%±8.28skew +1.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$9.00$10.10—$40.0039.64%$0.35$0.55140
—————$42.5038.24%$0.65$1.0050
01$5.10$6.20—$45.0039.17%$1.45$1.7020170
02$3.70$4.50—$47.5038.99%$2.45$2.6555106
2478$2.75$2.9538.53%$50.00—$3.70$3.90461
664$1.85$2.0038.31%$52.50—$4.90$5.70190
1610,044$1.20$1.3038.06%$55.00—$6.60$7.70920
0152$0.70$0.9038.14%$57.50—$8.50$9.90260
92,381$0.50$0.6039.32%$60.00—$10.80$12.20240
—————$62.50—$13.00$14.6060
—————$65.00—$15.50$17.20140
—————$67.50—$18.00$19.7010
—————$70.00—$20.30$21.901070

Forward $49.04. The 25-delta put carries +1.12 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 38.49%±11.46skew +1.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$40.0039.75%$0.85$1.3570
—————$42.5041.10%$1.70$2.05110
010$6.50$7.30—$45.0040.76%$2.55$2.9018692
50$5.20$5.80—$47.5038.82%$3.30$3.90140
2032$3.90$4.5038.43%$50.00—$4.50$5.20140
016$2.95$3.6038.74%$52.50—$6.00$6.90130
038$2.15$2.7538.29%$55.00—$7.60$8.702140
016$1.40$2.1037.40%$57.50—$9.30$10.602550
11,170$1.25$1.6539.22%$60.00—$11.30$12.7090
—————$62.50—$13.50$14.9050
—————$65.00—$15.70$17.2020
—————$67.50—$18.30$19.7040
—————$70.00—$20.80$22.204625

Forward $49.34. The 25-delta put carries +1.88 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 38.50%±15.00skew +1.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$18.90$20.60—$30.00—————
01$12.70$13.90—$37.5039.84%$1.00$1.5510
816$10.80$12.00—$40.0039.35%$1.55$2.1530
02$7.90$8.90—$45.0039.02%$3.20$3.9020
01$6.50$7.50—$47.5038.83%$4.30$5.0060
019$5.40$6.2038.87%$50.00—$5.50$6.40131
03$4.30$5.2038.44%$52.50—————
027$3.40$4.3038.03%$55.00—$8.50$9.6030
011$2.75$3.5037.89%$57.50—$10.20$11.3060
225$2.05$2.9537.62%$60.00—————
034$1.55$2.4537.49%$62.50—$14.10$15.4030
064$1.20$2.0037.45%$65.00—$16.10$17.7050
—————$67.50—$18.30$19.9020
—————$70.00—$20.50$22.2020

Forward $49.85. The 25-delta put carries +1.86 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.