Options Skew Analytics

CAG option chain

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

Data as of 6 November 2026 (end of day)

2026-12-04(28 days)ATM 35.15%±1.48skew +2.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$1.30$1.55—$14.0039.71%$0.15$0.2548
062$0.95$1.10—$14.5036.74%$0.25$0.35222
5109$0.70$0.75—$15.0035.52%$0.45$0.50730
1287$0.45$0.5034.90%$15.50—————
11178$0.25$0.3033.29%$16.00—$1.00$1.1001
1248$0.15$0.2034.58%$16.50—$1.30$1.6050

Forward $15.25. The 25-delta put carries +2.16 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 37.48%±2.51skew +2.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
82330$5.10$5.50—$10.00—————
012$4.00$4.60—$11.0049.17%$0.05$0.101,54850
1111$3.20$3.60—$12.00—————
27439$2.40$2.70—$13.0041.13%$0.20$0.302,86928
82,372$1.65$1.85—$14.0039.05%$0.40$0.552,6522
1068,790$1.10$1.20—$15.0037.85%$0.80$0.905,6547
262,986$0.65$0.7537.22%$16.00—$1.35$1.501,8413
22,654$0.35$0.4536.88%$17.00—$1.95$2.251,1740
52,011$0.20$0.2537.23%$18.00—$2.75$3.102410
—————$19.00—$3.70$4.10130
89,437$0.05$0.1039.10%$20.00—$4.70$5.103,4703
—————$23.00—$7.40$8.30550
—————$25.00—$9.50$10.20130
—————$28.00—$12.70$13.00110
—————$30.00—$14.50$15.3010

Forward $15.30. The 25-delta put carries +2.16 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 35.53%±3.27skew +2.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$8.80$9.60—$6.00—————
012$5.00$5.60—$10.00—————
04$4.10$4.60—$11.00—————
08$3.30$3.70—$12.00—————
453$2.50$2.75—$13.0037.60%$0.40$0.501,432867
0282$1.75$2.15—$14.0035.77%$0.65$0.802,0821
3994$1.30$1.45—$15.0035.19%$1.05$1.254520
2750$0.90$1.0535.73%$16.00—$1.60$1.801070
01,388$0.55$0.7535.33%$17.00—$2.25$2.501150
0493$0.35$0.5035.21%$18.00—$3.00$3.401865
0519$0.20$0.3034.20%$19.00—$3.80$4.30540
—————$20.00—$4.70$5.202330
052$0.10$0.1536.54%$21.00—$5.60$6.2010

Forward $15.23. The 25-delta put carries +2.39 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 33.95%±4.06skew +3.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$10.0041.59%$0.15$0.2050
01$4.20$4.80—$11.0040.19%$0.25$0.3550
012$3.50$3.90—$12.0039.46%$0.45$0.552440
11$2.85$3.00—$13.0036.68%$0.65$0.75290
010$1.95$2.45—$14.0034.85%$0.95$1.052770
123$1.60$1.90—$15.0035.07%$1.40$1.55250
364$1.20$1.3533.77%$16.00—$1.95$2.15510
14668$0.85$1.0033.29%$17.00—$2.45$2.851080
035$0.60$0.7533.33%$18.00—$3.20$3.70100
0109$0.45$0.5033.04%$19.00—————
020$0.30$0.5035.05%$20.00—$4.80$5.205027
011$0.15$0.2534.71%$22.00—————

Forward $15.28. The 25-delta put carries +3.64 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.