Options Skew Analytics

CDW option chain

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

Data as of 22 September 2026 (end of day)

2026-10-16(24 days)ATM 41.40%±15.80skew +4.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$66.70$70.80—$80.00—————
01$61.70$65.90—$85.00—————
01$51.80$55.80—$95.00—————
01$46.80$50.60—$100.00—————
02$41.80$45.30—$105.00—————
03$37.60$40.40—$110.00—————
01$32.00$35.50—$115.00—————
01$27.20$30.60—$120.00—————
03$23.10$25.20—$125.00—————
027$18.20$20.80—$130.00—————
031$14.00$16.30—$135.0045.94%$1.50$2.301030
033$10.10$12.40—$140.0044.39%$2.50$3.602260
31,238$8.00$8.90—$145.0042.62%$4.10$5.201290
3318$5.30$6.2041.40%$150.00—$6.30$7.50650
530394$3.60$4.1041.70%$155.00—$9.10$11.40170
9229$2.05$2.5040.31%$160.00—$12.90$14.8090
1261$1.25$1.8542.29%$165.00—$17.00$19.2020
—————$170.00—$21.30$23.6030
—————$175.00—$25.30$28.8010

Forward $148.85. The 25-delta put carries +4.09 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 44.34%±32.35skew +7.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$63.00$66.30—$85.00—————
07$57.50$60.50—$90.00—————
01$53.40$56.30—$95.00—————
024$48.50$51.30—$100.00—————
055$43.80$46.60—$105.00—————
083$39.50$42.30—$110.00—————
056$35.30$38.10—$115.00—————
0191$31.10$33.80—$120.0050.91%$2.90$3.90980
046$27.30$29.70—$125.0050.73%$3.80$5.40790
0114$23.40$25.90—$130.0049.86%$5.10$6.70850
015$19.50$22.40—$135.0049.03%$6.60$8.30250
0357$16.60$19.10—$140.0048.17%$8.30$10.202570
0133$13.60$16.10—$145.0047.43%$10.40$12.30200
0159$12.30$13.8046.24%$150.00—$12.40$14.8080
0211$9.00$11.4043.56%$155.00—$15.50$17.5030
02,527$8.20$9.5045.13%$160.00—$18.70$21.7060
0156$6.60$7.9044.93%$165.00—$22.00$24.4010
0238$4.30$6.5042.81%$170.00—————
465$3.40$5.1042.44%$175.00—$29.60$32.2020
045$3.00$4.1043.23%$180.00—$33.50$35.6010
—————$185.00—$37.40$39.8010

Forward $149.44. The 25-delta put carries +7.42 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 45.35%±47.44skew +5.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$77.70$81.80—$70.00—————
02$63.80$67.30—$85.00—————
01$50.60$54.50—$100.00—————
—————$115.0050.88%$4.80$7.2030
03$35.30$37.90—$120.0049.69%$6.10$8.2020
—————$125.0048.98%$7.50$9.7060
02$28.00$30.90—$130.0048.05%$9.00$11.3030
018$24.70$28.10—$135.0047.73%$10.80$13.406190
022$23.10$25.00—$140.0046.62%$12.80$15.106170
04$20.50$22.10—$145.0046.20%$15.20$17.3010
924$17.90$19.4046.03%$150.00—$17.90$19.8080
315$15.70$17.2045.61%$155.00—$20.50$22.5040
06$13.70$15.1045.10%$160.00—$23.30$25.6070
05$11.80$13.4044.75%$165.00—$26.30$28.6050
1110$10.20$11.5044.09%$170.00—————
1121$8.80$10.2044.02%$175.00—————
0131$7.50$9.0043.83%$180.00—————
0105$6.30$8.4044.22%$185.00—————
042$5.30$7.4044.01%$190.00—————
02$4.20$6.7043.74%$195.00—————
01$3.80$5.9044.11%$200.00—————

Forward $149.80. The 25-delta put carries +5.25 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.