Options Skew Analytics

CHWY option chain

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

Data as of 22 September 2026 (end of day)

2026-09-25(3 days)ATM 50.94%±0.91skew -3.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2854$5.55$5.95—$14.00—————
2622$4.40$4.95—$15.00—————
37$3.40$4.50—$16.00—————
17$3.10$4.05—$16.50—————
23$2.53$3.45—$17.00—————
23$2.10$3.05—$17.50—————
129$1.60$2.53—$18.00—————
—————$18.5057.28%$0.03$0.087662
611$0.75$0.90—$19.0051.60%$0.09$0.14766632
—————$19.5047.78%$0.22$0.28588190
232261$0.23$0.3055.62%$20.00—$0.47$0.67659254
14984$0.09$0.1555.07%$20.50—$0.67$1.05596576
345640$0.03$0.0654.23%$21.00—$1.20$1.4233068
85424$0.01$0.0664.39%$21.50—$1.41$1.902016
70780$0.01$0.0677.04%$22.00—$1.98$2.422943
—————$22.50—$2.03$2.98213
133370$0.01$0.0494.29%$23.00—$2.57$3.40872
—————$24.00—$3.30$4.402013
—————$24.50—$3.00$5.0051
—————$25.00—$3.75$5.45361
—————$25.50—$4.10$6.2011

Forward $19.69. The 25-delta put carries -3.47 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 46.65%±1.53skew -2.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$6.50$8.15—$13.00—————
01$5.55$7.15—$14.00—————
01$4.45$6.15—$15.00—————
—————$17.5052.78%$0.04$0.08420
—————$18.0049.21%$0.07$0.1228326
—————$18.5047.30%$0.14$0.19769
511$0.96$1.14—$19.0046.74%$0.25$0.3310032
62$0.70$0.83—$19.5046.35%$0.42$0.5315659
9816$0.46$0.5546.76%$20.00—$0.62$0.85286136
3234$0.28$0.3646.50%$20.50—————
41284$0.19$0.2649.63%$21.00—$1.34$1.6031151
11114$0.10$0.1648.97%$21.50—$1.66$2.05960
11231$0.06$0.1150.85%$22.00—$1.75$2.48383
4106$0.03$0.0751.38%$22.50—$2.22$3.15333
17229$0.03$0.0757.95%$23.00—$2.56$3.55314
—————$23.50—$2.96$3.90912
2634$0.01$0.0359.62%$24.00—$4.10$4.35620
098$0.01$0.0467.17%$24.50—$3.05$4.9532
151$0.01$0.0266.87%$25.00—$3.95$5.4090

Forward $19.77. The 25-delta put carries -2.89 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 46.12%±1.97skew +1.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
20$6.60$7.00—$13.00—————
01$3.55$5.20—$16.00—————
010$2.59$4.10—$17.00—————
—————$17.5050.43%$0.10$0.16235
16$1.70$2.17—$18.0046.60%$0.15$0.20255
—————$18.5046.81%$0.24$0.3440154
1215$1.06$1.56—$19.0047.03%$0.38$0.52197160
—————$19.5046.11%$0.57$0.714815
68138$0.65$0.7346.12%$20.00—$0.82$0.972043
010$0.43$0.5445.50%$20.50—$1.00$1.50182
349$0.29$0.3945.79%$21.00—$1.37$1.761857
848$0.19$0.2645.45%$21.50—$1.64$2.24172
—————$22.00—$1.59$2.64510
1032$0.08$0.1346.99%$22.50—$2.57$3.15238
18147$0.05$0.1048.38%$23.00—$2.27$3.452450
5194$0.03$0.0753.60%$24.00—$3.30$4.7520
—————$24.50—$3.05$5.0010
—————$25.00—$4.85$5.5593

Forward $19.79. The 25-delta put carries +1.36 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 44.34%±2.25skew +1.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$6.35$8.65—$12.50—————
0534$4.50$6.20—$15.0056.14%$0.01$0.043722
01$3.15$4.75—$16.50—————
—————$17.0048.56%$0.09$0.1523
070$2.35$3.10—$17.5046.94%$0.15$0.207,75121
—————$18.0048.13%$0.23$0.3577
—————$18.5045.95%$0.34$0.44056
20$1.26$1.53—$19.0045.40%$0.50$0.601551
70$1.01$1.24—$19.5045.31%$0.71$0.81063
1701,261$0.77$0.8544.31%$20.00—$0.94$1.052,49966
1657$0.57$0.6544.34%$20.50—$1.24$1.5810
205164$0.43$0.4944.92%$21.00—$1.51$1.8803
1220$0.30$0.3544.40%$21.50—$1.54$2.2512
5247$0.21$0.2644.78%$22.00—$2.32$2.6322
1002,197$0.15$0.1945.33%$22.50—$2.74$3.0553020
1619$0.07$0.1146.77%$23.50—————
836$0.05$0.0847.43%$24.00—$3.10$4.5020
227$0.03$0.0748.67%$24.50—————
4332,649$0.03$0.0449.00%$25.00—$4.80$5.507255
05$0.01$0.0551.00%$25.50—————
—————$27.50—$6.55$8.45205

Forward $19.81. The 25-delta put carries +1.55 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 44.91%±2.59skew +2.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$2.84$4.35—$17.0047.83%$0.15$0.201217
11$2.36$2.67—$17.5046.88%$0.21$0.2923138
06$1.95$3.15—$18.0047.75%$0.31$0.4518181
11$1.59$1.94—$18.5046.98%$0.43$0.60917
—————$19.0045.62%$0.60$0.748623
—————$19.5045.21%$0.82$0.94758
036$0.87$1.0244.89%$20.00—$1.05$1.219235
66$0.67$0.7944.39%$20.50—$1.33$1.651164
43165$0.52$0.6545.46%$21.00—$1.67$1.865330
046$0.37$0.5245.35%$21.50—$1.99$2.2622
1594$0.27$0.4145.63%$22.00—$2.43$2.71118
7113$0.20$0.3346.40%$22.50—$2.78$3.101714
—————$23.00—$2.89$3.55152
—————$24.00—$2.93$4.55210
—————$24.50—$4.00$5.1511
—————$25.00—$3.95$5.45210

Forward $19.81. The 25-delta put carries +2.12 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 44.86%±2.87skew +0.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$17.0047.02%$0.19$0.2623
01$2.45$4.00—$17.5046.74%$0.28$0.3670
—————$18.0046.11%$0.39$0.484850
—————$18.5046.02%$0.54$0.6438
—————$19.0044.97%$0.70$0.81834
—————$19.5046.24%$0.92$1.105106
364$0.99$1.1344.91%$20.00—$1.16$1.31415
3011$0.77$0.9144.35%$20.50—$1.41$1.61137
03$0.62$0.7745.53%$21.00—$1.77$1.98141
010$0.49$0.6346.00%$21.50—$2.10$2.32451
39$0.37$0.5045.80%$22.00—$2.48$2.7363
625$0.28$0.4146.22%$22.50—$2.83$3.20612
1239$0.22$0.3346.78%$23.00—$2.80$3.6022
—————$25.00—$4.40$5.50390
24$0.01$0.0649.03%$27.00—————

Forward $19.82. The 25-delta put carries +0.31 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 52.40%±5.20skew +7.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$8.95$11.25—$10.00—————
032$7.30$8.35—$12.50—————
0110$5.10$5.95—$15.0056.19%$0.28$0.362,7620
037$3.20$4.20—$17.5055.33%$0.84$0.996,842489
7633,822$1.88$1.98—$20.0055.76%$1.88$2.141,77196
2632,369$0.99$1.0646.56%$22.50—$3.45$3.702,24710
412,680$0.51$0.5848.29%$25.00—$4.95$5.752,1240
7765$0.25$0.3550.33%$27.50—$6.65$8.007170
164,061$0.12$0.1650.10%$30.00—$9.30$10.451,2570
3345$0.06$0.1253.04%$32.50—————
—————$35.00—$13.55$15.90200
0195$0.01$0.0670.22%$45.00—————

Forward $20.31. The 25-delta put carries +7.04 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 49.93%±5.61skew +0.98
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$8.95$11.30—$10.00—————
052$7.40$8.80—$12.5056.11%$0.13$0.164,6430
5105$5.30$6.40—$15.0051.84%$0.36$0.484,01716
3232$3.45$4.10—$17.5050.61%$1.03$1.131,83778
451,317$2.15$2.28—$20.0050.22%$2.13$2.295,7277
962,143$1.24$1.3349.41%$22.50—$3.65$3.851,7070
1582,810$0.70$0.7749.64%$25.00—$5.25$5.851,6090
61,855$0.37$0.5050.77%$27.50—$7.05$8.056330
365,489$0.21$0.2851.08%$30.00—$8.95$10.451,0160
41,006$0.12$0.1952.64%$32.50—$11.25$13.054120
43,512$0.07$0.1253.54%$35.00—————
—————$37.50—$16.90$18.1510
215,171$0.02$0.0554.65%$40.00—$20.15$20.45250
—————$42.50—$22.65$22.95250
37,395$0.02$0.0764.27%$45.00—————
0166$0.01$0.0674.61%$55.00—————

Forward $20.01. The 25-delta put carries +0.98 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.