Options Skew Analytics

CEG option chain

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

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 71.36%±24.90skew +6.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$227.5077.28%$2.00$2.653611
144$22.70$26.20—$230.0075.70%$2.35$3.00304213
01$20.70$23.90—$232.5081.07%$2.95$4.601585
31$19.00$22.20—$235.0074.17%$3.50$3.90145197
1427$18.20$19.80—$237.5073.24%$3.60$5.0078
829$15.30$18.50—$240.0075.39%$4.90$5.80159105
328$14.20$16.50—$242.5073.07%$5.40$6.504126
3124$13.20$14.70—$245.0074.00%$6.50$7.604871
176$11.60$13.60—$247.5075.64%$7.50$9.204949
11240$10.40$11.40—$250.0070.35%$8.30$9.3017279
355$9.10$10.3071.65%$252.50—$9.20$11.303352
9835$7.70$8.9069.69%$255.00—$11.10$13.101135
1533$6.50$7.8068.80%$257.50—$12.10$14.2095
379208$6.00$6.6069.39%$260.00—$14.10$15.701077
1038$4.50$6.1068.14%$262.50—$15.10$17.50141
72152$4.50$5.0069.69%$265.00—$16.20$19.10928
1980$3.20$4.5067.72%$267.50—$18.90$20.9070
91215$2.65$3.7066.83%$270.00—$20.80$22.5018442
4413$2.40$2.9066.57%$272.50—$22.00$25.10280
29299$2.00$2.5066.89%$275.00—$23.60$27.10894
37$1.50$2.5068.32%$277.50—$26.00$29.20230

Forward $251.95. The 25-delta put carries +6.40 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 62.41%±30.75skew +6.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
021$32.60$36.20—$220.0068.99%$2.25$3.109,703658
021$28.50$31.60—$225.0067.66%$3.10$3.9015010
038$25.10$27.60—$230.0066.18%$4.20$4.801,67477
11149$21.50$23.30—$235.0065.18%$5.40$6.2010528
2975$17.20$20.00—$240.0064.10%$6.70$8.001,124483
513$14.90$17.40—$245.0064.41%$8.50$10.406317
11536$13.40$14.70—$247.5062.38%$9.60$10.8023127
79238$12.40$13.90—$250.0064.86%$11.30$12.501,58557
314$11.00$12.8062.82%$252.50—$11.60$14.001403
8769$10.00$11.2061.89%$255.00—$12.70$15.209245
536$8.60$10.1060.81%$257.50—$14.80$16.702595
86378$7.80$9.0060.86%$260.00—$15.70$17.601,910258
1059$6.80$8.4061.30%$262.50—$17.70$19.50996
7194$5.90$6.9059.17%$265.00—$18.90$21.301251
6114$5.40$6.7061.32%$267.50—$20.30$23.50540
32599$4.50$5.5059.13%$270.00—$22.80$24.402,57425
048$4.00$4.9059.43%$272.50—$24.20$26.40220
67272$3.50$4.2059.04%$275.00—$25.60$28.90370
6194$3.00$4.5061.66%$277.50—$27.60$31.001700
165428$2.50$3.1058.02%$280.00—$30.20$32.60808259
6134$2.25$3.0059.61%$282.50—$31.70$35.10100

Forward $251.60. The 25-delta put carries +6.14 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 54.66%±33.07skew +9.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$210.0065.80%$1.75$2.65884
03$33.60$36.70—$220.00—————
—————$225.0061.47%$3.40$5.40171
—————$230.0060.53%$4.50$6.60995
02$22.20$25.30—$235.0059.98%$6.30$7.7028223
29$18.90$21.90—$240.0058.99%$7.80$9.403816
15$16.00$18.80—$245.0057.97%$9.60$11.302812
815$13.60$15.80—$250.0056.66%$11.20$13.80432
3113$11.10$12.5054.34%$255.00—$13.50$16.1042220
2150$7.80$10.3051.39%$260.00—$16.90$19.70283
095$7.10$8.9054.44%$265.00—$20.40$22.50495
429$4.90$7.1052.18%$270.00—$23.90$25.90311
299$3.60$5.5051.10%$275.00—$26.40$30.2040
931$3.40$4.3052.78%$280.00—$30.40$34.50713
—————$285.00—$35.00$38.001815
2048$2.15$2.8554.00%$290.00—$38.90$42.3040
—————$300.00—$47.90$51.3050
—————$350.00—$96.40$101.0020

Forward $252.21. The 25-delta put carries +9.43 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 53.39%±37.26skew +6.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$79.70$84.00—$170.00—————
05$51.20$55.30—$200.00—————
02$34.70$38.00—$220.00—————
01$30.20$34.50—$225.0057.27%$4.70$5.801410
03$27.00$30.50—$230.0058.04%$5.70$8.00151
010$23.80$26.10—$235.0056.05%$7.30$8.801926
6460$20.40$22.70—$240.0055.28%$8.50$11.00574
148$17.20$20.00—$245.0055.46%$10.90$13.00774
98$14.90$17.30—$250.0054.69%$13.10$15.2013052
264$12.70$14.1053.30%$255.00—$15.20$17.30111
2715$10.00$11.5051.14%$260.00—$17.20$20.0041
22$7.90$10.2051.48%$265.00—$20.70$23.60113
526$6.90$8.2051.69%$270.00—$24.10$27.20122
013$4.60$7.5051.01%$275.00—$28.10$30.8023
2910$4.50$5.7051.80%$280.00—$31.30$34.7075
751$3.50$4.5051.10%$285.00—$35.10$38.7010
—————$290.00—$39.80$43.00290
443$1.95$2.7553.30%$300.00—————

Forward $251.96. The 25-delta put carries +6.24 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 51.17%±39.97skew +5.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$225.0057.09%$5.30$7.80120
02$28.00$31.40—$230.0054.17%$5.70$9.00200
02$24.90$27.90—$235.0053.94%$8.20$9.80170
01$21.70$24.10—$240.0052.21%$9.40$11.5080
0128$18.50$21.40—$245.0053.81%$11.80$14.40211
02$16.40$18.20—$250.0052.40%$14.00$16.2020
02$13.50$15.7051.17%$255.00—$16.50$19.40123
039$11.70$13.6051.57%$260.00—$19.50$21.4010
111$9.80$11.2050.57%$265.00—$22.60$24.5020
53$7.00$10.3049.77%$270.00—$25.50$28.1040
061$6.50$8.0049.78%$275.00—————
—————$280.00—$32.00$35.9050
229$4.40$5.3049.14%$285.00—————
80$3.20$5.1049.92%$290.00—$40.40$44.5010
312$2.40$3.7048.13%$295.00—————

Forward $252.21. The 25-delta put carries +5.03 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 50.10%±42.95skew +5.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$80.40$84.70—$170.00—————
04$76.40$79.30—$175.00—————
013$71.60$74.60—$180.00—————
01$67.00$70.40—$185.00—————
013$62.50$65.70—$190.00—————
010$57.80$60.50—$195.0058.80%$1.55$2.459439
030$53.30$56.30—$200.0058.55%$2.25$2.9578141
014$44.70$47.60—$210.00—————
516$36.50$39.70—$220.0053.96%$4.80$6.301,280198
130$29.30$32.40—$230.0054.05%$7.80$9.202,03342
24125$22.90$25.00—$240.0052.20%$11.00$12.401,27667
69281$17.30$20.00—$250.0051.06%$15.30$16.601,732268
52461$12.80$14.7049.68%$260.00—$20.60$22.1097819
56886$9.80$10.2049.09%$270.00—$26.70$28.9095817
15590$6.30$7.3047.61%$280.00—$33.70$36.208221
711,397$4.80$5.3048.76%$290.00—$41.50$44.3018910
107839$3.10$3.5047.78%$300.00—$49.90$52.904511
29477$2.05$2.7048.63%$310.00—$58.80$62.00910
8594$1.50$1.9549.56%$320.00—$68.10$71.501000
421,283$1.05$1.5550.84%$330.00—$77.90$81.203990
—————$340.00—$87.50$90.50160

Forward $252.71. The 25-delta put carries +5.29 volatility points over the 25-delta call.

2026-12-24(48 days)ATM 50.88%±46.64skew +4.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$90.20$94.50—$160.00—————
0—$85.30$89.60—$165.00—————
0—$81.20$84.80—$170.00—————
20$41.30$44.30—$215.00—————
—————$220.0055.52%$5.30$8.4010
—————$230.0053.24%$7.60$11.0034
—————$235.0053.76%$9.90$12.7073
—————$250.0052.16%$15.80$19.2003
—————$255.00—$18.60$21.1002
01$13.90$16.5050.43%$260.00—————
01$10.00$12.5049.48%$270.00—$26.80$30.0031
60$8.80$10.5049.24%$275.00—————
21$7.30$9.2049.07%$280.00—————
10$5.20$6.8048.96%$290.00—————
—————$320.00—$67.90$72.20—0
—————$325.00—$72.60$76.90—0
—————$330.00—$77.50$81.60—0
—————$335.00—$82.30$86.40—0
—————$340.00—$87.20$91.20—0
—————$345.00—$92.00$96.10—0
—————$350.00—$97.00$101.00—0

Forward $252.76. The 25-delta put carries +4.28 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 47.73%±53.02skew +5.05
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
024$82.50$85.40—$170.00—————
025$77.70$80.90—$175.00—————
024$73.20$76.30—$180.00—————
0112$68.60$71.90—$185.0053.60%$1.75$2.401850
47$64.20$67.10—$190.0053.45%$2.30$3.003360
020$60.00$63.20—$195.0053.62%$3.00$3.80974215
2129$55.60$58.40—$200.0054.05%$3.70$5.002,8247
1162$47.50$50.80—$210.0051.92%$5.50$6.301,814211
0104$40.00$42.90—$220.0051.24%$7.90$8.801,934431
0129$33.00$36.10—$230.0050.61%$10.90$12.001,738121
34197$26.90$30.00—$240.0049.78%$14.40$15.901,82437
22770$22.20$24.10—$250.0048.83%$18.50$20.502,93726
9628$17.40$19.0047.68%$260.00—$23.70$25.902,23538
561,013$13.30$15.3047.32%$270.00—$29.90$31.902,0408
19425$10.20$11.7046.68%$280.00—$36.40$39.501,3765
441,150$8.10$9.0046.92%$290.00—$44.10$46.701,1220
611,926$5.60$7.0046.19%$300.00—$52.00$54.801,8342
26515$4.30$5.0045.84%$310.00—$60.60$63.403940
441,094$3.40$4.0046.77%$320.00—$69.00$72.402880
111,311$2.45$3.1046.85%$330.00—$78.50$81.705310
19332$1.70$2.3046.55%$340.00—$88.00$91.002550

Forward $253.68. The 25-delta put carries +5.05 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.