Options Skew Analytics

CAVA 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 69.10%±4.52skew +2.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
13$9.70$12.35—$51.00—————
034$8.70$11.25—$52.00—————
215$7.85$10.25—$53.00—————
34$7.35$9.20—$54.0076.11%$0.03$0.091603
1440$7.30$7.90—$55.0070.95%$0.05$0.108328
105149$5.20$7.20—$56.00—————
767$3.90$6.50—$57.0070.32%$0.18$0.263339
142$4.00$5.45—$58.0069.90%$0.30$0.40184337
215356$3.55$4.60—$59.0068.95%$0.47$0.5817158
65256$3.20$3.60—$60.0070.62%$0.70$0.946941
4357$2.54$2.92—$61.0070.93%$1.03$1.3114
78138$1.95$2.26—$62.0069.69%$1.42$1.71844
133151$1.45$1.7069.00%$63.00—$1.93$2.1963
6446$1.06$1.3770.61%$64.00—$2.49$2.76291
297178$0.73$0.9668.57%$65.00—$3.15$3.5033
9916$0.50$0.6968.41%$66.00—$3.70$4.2524
—————$67.00—$4.20$6.4533
4911$0.23$0.3067.61%$68.00—$5.15$7.6011
—————$70.00—$6.45$9.4540
—————$71.00—$7.70$10.4520
019$0.01$0.0666.04%$72.00—$8.15$10.6040

Forward $62.51. The 25-delta put carries +2.22 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 60.84%±6.61skew -0.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
29246$10.80$13.50—$50.00—————
03$10.10$12.50—$51.00—————
696$8.90$11.40—$52.00—————
018$7.95$10.55—$53.00—————
013$7.50$9.70—$54.00—————
175493$7.05$8.60—$55.0062.14%$0.31$0.4064448
06$5.45$7.90—$56.00—————
535$4.40$6.90—$57.0063.73%$0.56$0.901912
043$4.15$6.15—$58.0063.78%$0.77$1.1716028
1654$4.60$5.05—$59.0061.05%$0.90$1.421200
691,168$3.90$4.25—$60.0060.53%$1.32$1.632,12639
2883$3.30$3.80—$61.0062.16%$1.69$2.18100
85157$2.76$3.00—$62.0060.62%$2.20$2.451204
176974$2.26$2.6360.86%$63.00—$2.60$3.101070
462,258$1.86$2.3062.26%$64.00—$3.20$3.6580
196736$1.50$1.8861.77%$65.00—$3.80$4.30213
130201$1.15$1.5961.68%$66.00—————
154103$0.93$1.2361.08%$67.00—————
138$0.72$1.0061.15%$68.00—$5.55$7.9512
2221$0.53$0.8561.59%$69.00—$5.85$8.9006
411,082$0.43$0.5960.49%$70.00—$7.30$9.8024

Forward $62.59. The 25-delta put carries -0.10 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 56.47%±7.85skew +2.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$10.10$12.60—$51.00—————
03$9.15$11.70—$52.00—————
04$8.25$10.75—$53.00—————
013$7.35$9.60—$54.00—————
020$6.95$8.65—$55.00—————
019$5.65$8.20—$56.0059.24%$0.65$1.06410
023$4.90$7.45—$57.00—————
622$5.00$6.70—$58.0058.20%$1.08$1.578378
08$5.05$5.60—$59.0061.06%$1.38$2.1940
145$4.15$4.95—$60.0057.00%$1.66$2.25873
05$3.80$4.40—$61.00—————
4120$3.25$3.70—$62.0057.11%$2.54$3.15100
9153$2.79$3.1056.42%$63.00—$3.00$3.6530
07$2.33$2.8557.79%$64.00—$3.60$4.2050
3871$1.96$2.3356.64%$65.00—————
29$1.60$2.0256.67%$66.00—————
413$1.29$1.7857.06%$67.00—————
161$1.07$1.3955.99%$68.00—————
140$0.85$1.1455.55%$69.00—————
11104$0.69$0.9856.12%$70.00—$7.35$9.4510
—————$75.00—$11.70$13.9510

Forward $62.62. The 25-delta put carries +2.65 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 55.38%±9.10skew -0.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$14.80$17.90—$46.00—————
04$11.00$13.75—$50.00—————
—————$54.0058.38%$0.62$0.89230
03$6.65$9.45—$55.0056.40%$0.70$1.0420
03$6.40$8.60—$56.0056.90%$0.92$1.3110
931$5.50$7.50—$57.0056.46%$1.20$1.511383
928$5.80$6.80—$58.0054.34%$1.28$1.8080
05$5.50$6.05—$59.0056.44%$1.77$2.2220
29$4.80$5.40—$60.0054.48%$2.04$2.4830
1613$4.30$5.20—$61.0056.57%$2.53$3.1020
47$3.70$4.25—$62.0054.44%$2.85$3.45150
029$3.25$3.8055.38%$63.00—$3.45$4.0080
065$2.82$3.3555.38%$64.00—————
552$2.04$2.8651.69%$65.00—$4.60$5.1503
06$2.06$2.5855.22%$66.00—$5.30$6.0010
52$1.65$2.2654.46%$67.00—$5.60$6.6020
—————$68.00—$6.60$7.3530
82$1.07$1.7454.07%$69.00—$7.40$8.0530
856$1.02$1.4554.95%$70.00—$7.75$10.4510
01$0.84$1.2855.26%$71.00—$8.20$11.2510
—————$72.00—$9.05$11.9010

Forward $62.80. The 25-delta put carries -0.61 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 54.57%±10.15skew +0.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$52.0055.53%$0.48$0.68212
—————$53.0057.73%$0.68$0.9731
01$7.60$9.80—$55.00—————
02$6.20$8.90—$56.0056.13%$1.25$1.5910
—————$57.0054.80%$1.43$1.8310
02$6.40$7.25—$58.0053.92%$1.64$2.1530
01$5.30$7.40—$59.0055.34%$2.14$2.5520
316$5.25$5.95—$60.00—————
01$4.75$5.25—$61.0055.70%$2.92$3.5010
32$4.15$4.80—$62.0054.47%$3.25$3.9540
021$3.70$4.2554.91%$63.00—$3.85$4.4540
011$3.20$3.8054.44%$64.00—————
649$2.84$3.4054.74%$65.00—————
01$2.44$3.0554.62%$66.00—————
012$2.14$2.5753.79%$67.00—————
10$1.57$2.4152.79%$68.00—————
20$1.59$1.9553.45%$69.00—$7.70$8.4510
—————$70.00—$8.00$9.2001
10$1.08$1.6253.88%$71.00—————
150$1.00$1.3153.71%$72.00—————
1070$0.61$0.9454.86%$75.00—————

Forward $62.82. The 25-delta put carries +0.92 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 55.43%±11.37skew +0.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$38.15$42.25—$22.50—————
06$35.70$39.70—$25.00—————
02$30.80$34.20—$30.00—————
038$25.85$29.35—$35.00—————
180$20.85$23.85—$40.0065.78%$0.05$0.0910,44645
157$16.20$18.65—$45.00—————
13469$12.10$13.90—$50.0057.36%$0.55$0.591,44759
42,287$9.05$9.70—$55.0055.03%$1.34$1.491,441188
691,793$5.80$6.25—$60.0054.58%$2.91$3.301,83761
1241,174$3.30$3.8555.56%$65.00—$5.40$6.203,6012
1301,825$1.89$2.0554.93%$70.00—$8.85$9.752460
61437$0.96$1.1655.38%$75.00—$12.75$15.202,6071
35987$0.45$0.6055.19%$80.00—$17.25$19.701510
—————$85.00—$22.00$24.45470
0257$0.01$0.0368.61%$115.00—————
—————$145.00—$81.20$84.3550

Forward $62.77. The 25-delta put carries +0.10 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 54.34%±12.00skew -1.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$15.65$18.20—$46.00—————
0—$14.35$17.05—$47.00—————
—————$50.0056.24%$0.53$0.8070
—————$52.0055.86%$0.87$1.0960
—————$58.0054.04%$2.33$2.7002
—————$59.0054.55%$2.68$3.2002
40$5.95$6.60—$60.0053.21%$3.00$3.50012
—————$61.0054.66%$3.50$4.1502
41$4.75$5.55—$62.0053.92%$3.85$4.6502
—————$63.00—$4.50$5.0530
18$3.50$4.2554.46%$65.00—————
11$1.94$2.4953.76%$70.00—————
10$1.30$2.0355.31%$73.00—————
10$1.16$1.7354.76%$74.00—————

Forward $62.90. The 25-delta put carries -1.27 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 54.28%±14.62skew +0.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$38.30$42.40—$22.50—————
058$35.80$39.55—$25.00—————
028$30.90$33.65—$30.00—————
130$26.05$28.70—$35.00—————
0347$21.20$23.75—$40.00—————
175$16.60$19.35—$45.0057.18%$0.42$0.609063
5632$12.75$15.05—$50.0057.19%$1.10$1.461,070108
7896$10.20$10.80—$55.0054.84%$2.14$2.712,0230
241,575$7.00$7.55—$60.0053.92%$4.05$4.551,48223
361,447$4.50$5.2554.32%$65.00—$6.55$7.455820
391,837$3.00$3.5054.81%$70.00—$9.70$10.654930
651,323$1.89$2.1654.14%$75.00—$13.60$14.401940
182,046$1.14$1.3153.70%$80.00—$17.55$20.203620
231,204$0.62$0.9254.31%$85.00—$22.20$24.751200
8601$0.45$0.6756.79%$90.00—$27.05$29.003200
—————$125.00—$62.10$62.9010

Forward $62.86. The 25-delta put carries +0.70 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.