Options Skew Analytics

CAVA option chain

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

Data as of 25 September 2026 (end of day)

2026-10-16(21 days)ATM 47.39%±5.98skew +2.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$8.15$8.80—$44.00—————
241$7.25$7.80—$45.00—————
10$6.05$6.60—$46.5054.75%$0.52$0.6923
—————$47.0055.63%$0.62$0.85870
—————$47.5054.35%$0.64$0.97330
—————$48.0053.70%$0.69$1.12565
—————$48.5054.82%$0.96$1.214531
—————$49.0055.37%$1.02$1.50802
01$3.85$6.15—$49.5054.76%$1.15$1.65180
0993$3.40$3.95—$50.0054.55%$1.38$1.767,76545
015$3.05$4.40—$51.0055.55%$1.74$2.302313
550$2.49$3.75—$52.0056.32%$2.32$2.72103
2218$2.09$2.2947.31%$53.00—$2.86$3.30501
1118$1.71$2.5454.41%$54.00—$3.50$3.85241
4,6102,899$1.42$1.5849.05%$55.00—$4.00$4.555980
—————$56.00—$4.25$5.1520
2513$0.85$1.2050.97%$57.00—————
824$0.69$1.0051.87%$58.00—————
831,960$0.45$0.7253.97%$60.00—$8.00$8.701,58225
224$0.36$0.5153.11%$61.00—————
1125$0.28$0.3652.39%$62.00—————

Forward $52.60. The 25-delta put carries +2.94 volatility points over the 25-delta call.

2026-10-30(35 days)ATM 53.48%±8.75skew +4.53
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$7.40$10.00—$45.00—————
—————$46.0057.51%$0.82$1.353163
01$6.15$8.50—$47.0056.43%$1.10$1.49232
—————$49.0056.34%$1.63$2.231145
0109$4.20$6.45—$50.0056.01%$1.96$2.63734
010$3.70$5.20—$51.0054.20%$1.97$3.25261
04$3.20$4.60—$52.0053.58%$2.43$3.65240
—————$53.00—$3.00$4.2520
051$2.40$3.5553.48%$54.00—————
—————$55.00—$3.95$5.35130
137$1.76$2.8554.67%$56.00—————
13$1.48$2.0250.71%$57.00—$5.15$6.9070
070$1.25$2.0453.56%$58.00—$5.65$7.6020
—————$59.00—$6.75$8.5010
2531$0.88$1.3351.90%$60.00—$7.20$9.3570
—————$62.00—$8.90$11.10108
—————$65.00—$11.65$13.7520
—————$68.00—$14.20$16.7010

Forward $52.86. The 25-delta put carries +4.53 volatility points over the 25-delta call.

2026-11-20(56 days)ATM 63.40%±13.08skew +3.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0170$17.45$19.60—$35.00—————
01$12.95$15.20—$40.0067.38%$0.82$1.0215828
010$9.30$10.90—$45.0066.52%$1.93$2.281212
2159$6.15$7.25—$50.0064.66%$3.60$4.251166
21176$4.10$4.3063.36%$55.00—$6.00$7.05281
4594$2.50$2.8363.92%$60.00—$9.80$10.451721
14105$1.41$1.6762.65%$65.00—$12.90$14.6032
659$0.83$1.0663.65%$70.00—————
945$0.50$0.6564.48%$75.00—————

Forward $52.66. The 25-delta put carries +3.87 volatility points over the 25-delta call.

2026-12-18(84 days)ATM 58.43%±14.91skew +3.66
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$28.75$31.75—$22.50—————
07$26.50$29.30—$25.00—————
02$22.20$24.50—$30.00—————
038$17.70$20.00—$35.0065.95%$0.48$0.6825151
085$13.50$15.45—$40.0064.44%$1.10$1.6010,43011
158$10.05$11.65—$45.0064.16%$2.60$2.872,25239
1470$7.05$8.60—$50.0062.69%$4.30$5.008405
292,340$4.90$5.3558.43%$55.00—$7.30$7.701,057117
1211,490$3.35$3.7059.26%$60.00—$10.65$11.008781
86930$2.19$2.8161.16%$65.00—$13.45$15.053,5577
541,546$1.44$1.7860.50%$70.00—$17.25$19.353370
11363$0.99$1.3262.29%$75.00—$21.50$23.752,6410
37830$0.65$0.7260.73%$80.00—$26.80$28.451523
12487$0.45$0.5762.70%$85.00—$31.15$33.25540
6931$0.34$0.4464.65%$90.00—$36.10$38.65120
—————$145.00—$91.10$93.9553

Forward $53.21. The 25-delta put carries +3.66 volatility points over the 25-delta call.

2027-01-15(112 days)ATM 58.54%±17.23skew +1.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$29.10$31.95—$22.50—————
058$26.75$29.50—$25.00—————
029$22.50$24.85—$30.00—————
041$18.15$19.40—$35.00—————
0330$14.15$16.45—$40.0061.74%$1.50$2.019252
056$10.70$12.40—$45.0059.76%$2.75$3.507391
21641$7.85$9.20—$50.0061.37%$5.25$5.60880113
23404$5.80$6.2558.75%$55.00—$7.25$8.4599612
21,272$4.10$4.4058.06%$60.00—$11.25$11.601,556211
12851$2.84$3.2558.53%$65.00—$14.85$15.406244
71,281$1.89$2.4158.72%$70.00—$19.15$19.60578200
41,117$1.40$1.8460.30%$75.00—$21.75$23.852090
412,322$1.00$1.2259.89%$80.00—$26.45$28.703701
—————$85.00—$31.25$33.401180
4562$0.43$0.6459.85%$90.00—$36.15$38.405050
—————$95.00—$41.10$43.70210
—————$120.00—$66.05$68.6510
—————$125.00—$72.60$73.2010

Forward $53.15. The 25-delta put carries +1.04 volatility points over the 25-delta call.

2027-03-19(175 days)ATM 59.82%±22.38skew +4.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$19.35$21.55—$35.0065.82%$1.33$2.15210
013$15.65$18.00—$40.0064.21%$2.79$3.151304
05$12.35$14.25—$45.0063.51%$4.55$4.901246
025$9.85$11.00—$50.0062.74%$6.50$7.3539817
078$7.65$8.9559.85%$55.00—$8.40$10.101240
1188$5.95$7.1059.80%$60.00—$12.55$13.301984
1101$4.55$5.6059.55%$65.00—$16.15$16.801,2661
6118$3.50$4.2558.94%$70.00—$19.00$20.857010
747$2.57$3.4058.79%$75.00—$23.35$24.80790
41115$2.01$2.6358.90%$80.00—$27.05$29.35340
2289$1.53$2.0158.66%$85.00—$31.60$33.7060
0113$1.25$1.7560.22%$90.00—$37.15$38.7020
—————$95.00—$41.20$43.5080
—————$100.00—$46.20$48.40541

Forward $54.03. The 25-delta put carries +4.72 volatility points over the 25-delta call.

2027-04-16(203 days)ATM 57.32%±23.27skew +2.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$19.45$22.00—$35.0062.23%$1.46$2.09170
—————$40.0063.53%$3.10$3.50190
02$13.10$14.85—$45.0060.49%$4.30$5.30512
—————$50.0059.01%$6.10$7.6580
01$8.30$9.7558.97%$55.00—$8.75$10.4030
414$6.50$7.4557.29%$60.00—$11.75$13.5520
05$5.10$6.2058.07%$65.00—$15.25$17.2060
012$3.90$5.0057.82%$70.00—$18.65$20.95110
012$3.05$4.4559.46%$75.00—$23.30$25.1520
013$2.26$3.2557.56%$80.00—————
06$1.84$2.6158.00%$85.00—————

Forward $54.44. The 25-delta put carries +2.92 volatility points over the 25-delta call.

2027-06-17(265 days)ATM 58.68%±27.33skew +3.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$30.80$32.95—$22.50—————
015$28.30$30.80—$25.0069.08%$0.66$1.091520
012$23.35$26.75—$30.0064.26%$1.15$1.75620
02$20.65$23.00—$35.0062.54%$2.15$2.83930
244$17.25$19.70—$40.0061.65%$3.60$4.351510
410$14.40$16.10—$45.0061.78%$5.50$6.5027510
1106$11.95$12.90—$50.0060.63%$7.60$8.85860
129$9.70$11.3559.82%$55.00—$9.95$11.75910
2145$8.05$9.2559.15%$60.00—$13.80$14.80880
4296$6.55$7.4558.12%$65.00—$16.65$18.406310
2233$5.35$6.4058.63%$70.00—$20.00$22.001,5120
0121$4.00$5.5558.07%$75.00—$24.05$26.007960
0143$3.60$5.0060.29%$80.00—$28.55$30.1512200
386$2.90$3.7558.46%$85.00—$32.30$34.75180
063$2.46$3.1558.79%$90.00—$36.85$39.301080
050$2.03$2.7459.18%$95.00—$41.55$44.05140
—————$100.00—$46.35$48.75220
—————$105.00—$51.20$53.55410
054$1.18$1.8260.24%$110.00—$56.10$58.55180

Forward $54.66. The 25-delta put carries +3.32 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.