Options Skew Analytics

CDW option chain

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

Data as of 6 November 2026 (end of day)

2026-11-20(14 days)ATM 48.30%±14.89skew +2.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$36.80$39.10—$120.00—————
03$32.10$34.10—$125.00—————
016$27.10$29.40—$130.00—————
014$21.80$23.90—$135.0060.17%$0.60$0.952432
022$17.20$19.80—$140.0055.83%$1.05$1.301440
130$13.10$15.50—$145.0052.58%$1.70$2.0516716
0190$9.90$11.50—$150.0051.58%$2.65$3.701,8510
0608$6.50$8.00—$155.0049.04%$4.50$5.20991
01,498$4.10$5.4048.13%$160.00—$6.80$7.70713
71221$2.65$3.4048.37%$165.00—$9.60$10.70520
078$1.45$2.3048.99%$170.00—$13.30$14.8010

Forward $157.40. The 25-delta put carries +2.58 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 47.25%±25.19skew +2.98
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$70.90$74.90—$85.00—————
07$65.90$69.80—$90.00—————
01$61.00$65.10—$95.00—————
023$56.10$60.20—$100.00—————
054$51.40$54.80—$105.00—————
083$46.60$49.60—$110.00—————
056$42.40$44.00—$115.00—————
0176$37.50$39.60—$120.00—————
045$32.30$34.70—$125.00—————
0107$27.80$30.20—$130.00—————
040$24.00$26.00—$135.0050.71%$2.25$2.901971
1326$19.50$21.80—$140.0048.51%$2.90$4.002660
0195$16.20$18.10—$145.0047.88%$4.40$5.30690
1203$12.70$14.80—$150.0047.45%$6.20$7.101792
0236$9.70$11.90—$155.0046.12%$8.10$9.20232
61,289$8.20$9.3047.34%$160.00—$10.80$11.7092
0968$5.90$7.1045.76%$165.00—$13.50$14.70106
49315$4.60$5.6046.58%$170.00—$16.80$18.00780
296$3.10$4.0044.90%$175.00—$20.30$21.6020
574$1.95$2.9043.74%$180.00—$24.40$26.1010
020$1.45$2.0543.92%$185.00—$28.80$31.0010

Forward $157.16. The 25-delta put carries +2.98 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 45.29%±43.12skew +5.56
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$72.00$75.00—$85.00—————
01$58.10$61.10—$100.00—————
02$45.00$47.80—$115.00—————
03$40.90$43.20—$120.00—————
—————$125.0049.17%$4.30$5.80161
07$33.20$35.70—$130.0050.62%$6.20$7.50460
019$29.50$32.40—$135.0048.23%$6.60$9.001,0160
019$26.10$28.90—$140.0047.65%$8.40$10.506300
08$23.00$25.50—$145.0047.05%$10.50$12.10340
019$20.40$22.70—$150.0047.25%$12.70$14.60100
099$17.40$19.80—$155.0046.54%$14.90$16.9060
1153$14.80$17.5045.93%$160.00—$17.50$19.3090
05$12.70$15.0045.08%$165.00—$20.20$22.0080
0121$10.70$13.0044.48%$170.00—————
0130$9.10$11.5044.55%$175.00—$26.30$28.6010
0132$7.50$9.8043.82%$180.00—————
2106$6.10$8.3043.12%$185.00—————
479$5.80$7.0043.92%$190.00—————
12$4.20$6.0042.66%$195.00—————
011$3.70$5.4043.50%$200.00—————
09$2.30$3.8042.54%$210.00—————

Forward $157.72. The 25-delta put carries +5.56 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.