Options Skew Analytics

CDE option chain

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

Data as of 25 September 2026 (end of day)

2026-10-02(7 days)ATM 55.07%±1.47skew +2.81
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$6.50$7.00—$12.50—————
02$6.00$6.50—$13.00—————
01$5.20$6.40—$13.50—————
01$4.30$5.40—$14.50—————
05$3.80$4.90—$15.00—————
01$3.10$4.40—$15.50—————
03$2.80$3.90—$16.00—————
0469$2.30$3.20—$16.50—————
61,011$2.20$2.40—$17.00—————
738$1.75$1.95—$17.5057.04%$0.05$0.101,52726
7791$1.30$1.50—$18.0052.98%$0.10$0.1570744
2180$0.95$1.10—$18.5056.63%$0.25$0.30389253
33321$0.70$0.75—$19.0053.19%$0.40$0.4555290
21360$0.45$0.5555.54%$19.50—$0.65$0.7527393
244347$0.25$0.3553.89%$20.00—$0.95$1.1515163
109135$0.15$0.2053.81%$20.50—$1.30$1.55522
—————$21.00—$1.75$1.954661
136169$0.05$0.1059.57%$21.50—$2.20$2.60403
20850$0.05$0.1068.57%$22.00—$2.65$2.90110
—————$22.50—$3.20$3.80193
—————$23.00—$3.60$4.60110

Forward $19.30. The 25-delta put carries +2.81 volatility points over the 25-delta call.

2026-10-09(14 days)ATM 55.88%±2.11skew +0.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$6.10$6.50—$13.00—————
02$2.80$3.70—$16.00—————
09$2.35$3.10—$16.50—————
105$2.20$2.60—$17.00—————
065$1.60$2.15—$17.5055.51%$0.15$0.251126
074$1.30$1.75—$18.0056.05%$0.30$0.3551020
18$1.10$1.35—$18.5053.31%$0.40$0.50354212
2091$0.90$1.05—$19.0054.64%$0.60$0.753341
73213$0.70$0.8055.94%$19.50—$0.85$1.05151208
13626$0.50$0.6055.78%$20.00—$1.20$1.30617
8204$0.35$0.4556.17%$20.50—$1.50$1.80140
32506$0.25$0.3055.64%$21.00—$1.90$2.15240
1351$0.15$0.2556.89%$21.50—$2.30$2.9021
—————$22.00—$2.70$3.20100
—————$22.50—$3.20$3.50146
992$0.05$0.1060.26%$23.00—$3.60$4.4090
—————$26.00—$6.60$7.60140

Forward $19.30. The 25-delta put carries +0.40 volatility points over the 25-delta call.

2026-10-16(21 days)ATM 56.56%±2.62skew -3.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$13.50$15.00—$5.00—————
03$11.00$12.50—$7.50—————
03$8.50$10.00—$10.00—————
034$6.10$7.10—$12.50—————
05$4.70$5.60—$14.00—————
02$4.30$5.00—$14.50—————
082$4.00$4.50—$15.00—————
04$2.50$3.10—$16.50—————
1030$2.45$2.65—$17.0053.77%$0.15$0.25682
321,578$1.95$2.20—$17.5053.38%$0.25$0.356,14872
010$1.50$1.95—$18.0055.74%$0.45$0.503554
01$1.20$1.60—$18.5055.39%$0.60$0.706730
1077$1.10$1.25—$19.0055.69%$0.85$0.9020018
26126$0.90$1.0056.57%$19.50—$1.10$1.2020613
471,943$0.70$0.8056.72%$20.00—$1.40$1.504,1223
1629$0.55$0.6557.77%$20.50—————
9135$0.40$0.5057.03%$21.00—$2.05$2.30710
2213$0.30$0.4559.46%$21.50—————
3192$0.20$0.3056.74%$22.00—————
436,357$0.15$0.2558.27%$22.50—$3.30$3.604091
1446,108$0.05$0.1066.17%$25.00—$5.60$6.30500

Forward $19.30. The 25-delta put carries -3.72 volatility points over the 25-delta call.

2026-10-23(28 days)ATM 56.71%±3.03skew -6.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$3.00$3.70—$16.00—————
02$2.45$2.80—$17.0055.63%$0.25$0.4048913
24$2.00$2.50—$17.5055.34%$0.40$0.502,50888
016$1.60$2.10—$18.0054.76%$0.55$0.6575177
01$1.35$1.90—$18.5055.08%$0.75$0.852308
33727$1.30$1.45—$19.0056.11%$1.00$1.101179
141$0.95$1.2556.68%$19.50—$1.25$1.40570
471$0.90$1.0059.21%$20.00—$1.45$1.8093
814$0.70$0.8559.21%$20.50—$1.85$2.20440
1961$0.55$0.7059.13%$21.00—$2.15$2.5560
1433$0.45$0.6060.47%$21.50—$2.55$3.10110
143$0.35$0.5562.27%$22.00—$2.95$3.4050
176$0.25$0.4059.90%$22.50—$3.40$3.9040
59120$0.25$0.3061.38%$23.00—$3.70$4.4070
—————$23.50—$4.20$4.9020

Forward $19.27. The 25-delta put carries -6.92 volatility points over the 25-delta call.

2026-10-30(35 days)ATM 60.35%±3.61skew -1.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$3.90$4.70—$15.00—————
125$2.70$3.40—$16.50—————
03$2.35$3.00—$17.0057.90%$0.40$0.5020016
045$2.10$2.65—$17.5056.80%$0.50$0.6513713
02$1.85$2.30—$18.0056.92%$0.70$0.8016910
—————$18.5061.25%$0.90$1.201710
02$1.30$1.75—$19.0058.63%$1.15$1.30560
1,01569$1.25$1.4560.19%$19.50—$1.40$1.6580
18573$1.05$1.2560.51%$20.00—$1.70$2.0540
618$0.75$1.1058.67%$20.50—$2.00$2.40010
145$0.75$0.9061.21%$21.00—$2.35$2.70551
23$0.60$0.7059.44%$21.50—————
7179$0.35$0.5058.76%$22.50—————
—————$26.00—$6.60$7.30027

Forward $19.32. The 25-delta put carries -1.96 volatility points over the 25-delta call.

2027-01-15(112 days)ATM 62.02%±6.71skew -1.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0467$16.10$17.00—$2.50—————
02,395$14.20$14.40—$5.00—————
22,902$11.70$12.00—$7.50—————
03,624$9.30$9.60—$10.0067.54%$0.05$0.101,7100
14,689$7.00$7.30—$12.5062.69%$0.20$0.302,4922
08,951$5.00$5.30—$15.0060.80%$0.65$0.758,3892
4027,355$3.50$3.70—$17.5060.86%$1.55$1.604,07175
718,440$2.35$2.5061.92%$20.00—$2.85$2.955,0210
2611,047$1.55$1.6562.19%$22.50—$4.50$4.701,3762
2018,254$1.00$1.1062.70%$25.00—$6.40$6.907081
7313,317$0.45$0.5064.67%$30.00—$10.80$11.101660
812,813$0.20$0.2566.45%$35.00—$15.70$16.002940

Forward $19.52. The 25-delta put carries -1.84 volatility points over the 25-delta call.

2027-02-19(147 days)ATM 63.03%±7.81skew -1.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$10.90$12.30—$7.50—————
01$9.00$9.80—$10.00—————
08$7.10$7.60—$12.5062.80%$0.30$0.502300
058$5.10$5.70—$15.0062.44%$0.90$1.102031
0346$3.60$4.20—$17.5062.51%$1.85$2.103240
0364$2.65$3.1063.62%$20.00—$3.10$3.602700
0329$1.75$2.2062.32%$22.50—$4.80$5.30630
1458$1.40$1.4563.48%$25.00—$6.70$7.30260
9889$0.65$0.7563.72%$30.00—————

Forward $19.52. The 25-delta put carries -1.28 volatility points over the 25-delta call.

2027-03-19(175 days)ATM 62.76%±8.56skew -1.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
059$13.40$15.00—$5.00—————
067$11.00$12.70—$7.50—————
080$9.10$9.80—$10.00—————
0128$7.30$7.80—$12.5063.72%$0.45$0.60830
0311$5.50$5.90—$15.0062.98%$1.10$1.25909
0632$4.00$4.50—$17.5063.34%$2.15$2.253202
3758$3.10$3.4063.78%$20.00—$3.40$3.70770
1552$2.20$2.4562.41%$22.50—$5.10$5.401520
121,686$1.65$1.8563.58%$25.00—$6.90$7.50950
362,305$0.90$1.0564.56%$30.00—————

Forward $19.69. The 25-delta put carries -1.58 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.