Options Skew Analytics

CL 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 24.04%±3.22skew +1.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$10.70$13.30—$85.00—————
05$8.70$11.50—$87.00—————
14$7.80$10.50—$88.00—————
04$7.00$9.10—$89.00—————
038$6.30$7.70—$90.00—————
12$5.30$6.60—$91.00—————
128$4.10$5.70—$92.00—————
313$3.60$4.70—$93.0026.86%$0.20$0.3091
018$2.80$4.00—$94.0026.09%$0.35$0.45642
353$2.35$2.55—$95.0025.40%$0.55$0.70222
3487$1.65$1.90—$96.0024.34%$0.85$1.001012
3111$1.10$1.3024.03%$97.00—$1.30$1.45196
1061$0.70$0.9024.25%$98.00—$1.85$2.0510
168$0.40$0.6024.23%$99.00—$2.55$2.7520
448$0.25$0.3524.36%$100.00—$2.70$4.10430
433$0.15$0.2525.59%$101.00—————

Forward $96.82. The 25-delta put carries +1.16 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 23.79%±4.51skew +1.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
062$16.00$18.00—$80.00—————
017$13.10$15.70—$82.50—————
095$10.80$13.70—$85.00—————
04$9.10$11.70—$87.00—————
1225$9.00$10.80—$87.50—————
0661$6.60$7.80—$90.0029.29%$0.20$0.302529
04$5.40$7.00—$91.00—————
0217$4.80$6.50—$92.00—————
21,090$4.70$5.20—$92.5026.06%$0.40$0.551044
012$3.50$5.60—$93.00—————
042$3.50$3.80—$94.0025.23%$0.65$0.90100
11,017$2.80$3.10—$95.0024.29%$0.90$1.151370
166$2.15$2.40—$96.0024.45%$1.35$1.50892
035$1.60$1.9023.80%$97.00—$1.75$1.95455
21,265$1.30$1.6523.19%$97.50—$2.05$2.25110
174$1.25$1.4023.97%$98.00—$2.35$2.5590
648$0.80$1.0523.30%$99.00—$3.00$3.2040
4922$0.60$0.8024.10%$100.00—$3.40$3.90582
09$0.40$0.6524.81%$101.00—————

Forward $96.90. The 25-delta put carries +1.13 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 23.53%±7.76skew +0.23
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$30.40$33.90—$65.00—————
033$25.40$28.90—$70.00—————
030$20.10$24.20—$75.00—————
0181$16.40$18.80—$80.00—————
098$11.70$13.40—$85.0027.81%$0.25$0.354341
0303$9.30$10.90—$87.50—————
31,043$7.40$8.30—$90.0025.17%$0.70$0.9063216
3485$5.90$6.20—$92.5023.68%$1.15$1.3511380
81,353$4.10$4.40—$95.0023.66%$1.95$2.251159
0313$2.65$3.2023.53%$97.50—$3.00$3.50951
61,171$1.65$2.1023.20%$100.00—$4.50$5.00232
4468$0.60$0.8023.45%$105.00—$7.60$9.60200

Forward $97.17. The 25-delta put carries +0.23 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 22.07%±9.42skew +1.30
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$45.10$49.10—$50.00—————
06$40.10$44.10—$55.00—————
044$35.20$39.20—$60.00—————
014$30.30$34.30—$65.00—————
0129$25.40$29.40—$70.00—————
0342$21.60$23.20—$75.00—————
01$19.10$21.50—$77.50—————
0477$16.70$18.90—$80.00—————
029$14.30$16.30—$82.50—————
0630$11.50$13.90—$85.0027.02%$0.50$0.808630
0175$10.20$11.60—$87.5025.96%$0.75$1.158780
0715$8.30$9.60—$90.0024.57%$1.10$1.555531
0506$5.80$7.50—$92.5023.10%$1.70$1.952052
0725$4.10$5.90—$95.0022.71%$2.45$2.905775
2866$3.60$4.10—$97.50—$3.50$4.20110
35,018$2.45$2.8021.83%$100.00—$4.80$5.50510
5728$1.05$1.3521.80%$105.00—$8.20$9.90150
0856$0.45$0.6022.32%$110.00—$11.60$15.3030
—————$140.00—$41.40$45.3010

Forward $97.50. The 25-delta put carries +1.30 volatility points over the 25-delta call.

2027-02-19(105 days)ATM 23.32%±12.18skew +2.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
086$16.60$19.80—$80.00—————
045$12.50$14.80—$85.0027.51%$1.10$1.452,2150
038$10.40$12.50—$87.5025.91%$1.30$1.90660
1133$9.00$10.00—$90.0025.44%$2.00$2.402,2330
0317$6.70$8.30—$92.5024.40%$2.50$3.201980
0141$5.00$7.10—$95.0023.83%$3.40$4.10340
078$4.30$5.2023.31%$97.50—$4.50$5.2090
0178$3.30$4.1023.39%$100.00—————
2188$1.70$2.4523.16%$105.00—————
0125$0.90$1.4523.71%$110.00—————

Forward $97.40. The 25-delta put carries +2.28 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 23.43%±13.82skew +2.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$35.30$39.30—$60.00—————
02$31.50$33.50—$65.00—————
01$26.70$28.80—$70.00—————
049$21.90$24.70—$75.00—————
04$19.40$22.40—$77.50—————
08$17.20$19.50—$80.00—————
—————$82.5027.34%$0.90$1.40930
040$13.50$15.00—$85.0026.43%$1.20$1.802830
0153$11.50$12.90—$87.5025.74%$1.65$2.307800
064$9.50$10.90—$90.0024.98%$2.25$2.851140
0446$7.60$9.50—$92.5024.07%$2.95$3.503921
5187$5.20$7.50—$95.0023.63%$3.80$4.50610
0387$5.10$6.00—$97.5023.44%$4.90$5.70150
0126$4.00$4.9023.41%$100.00—$6.10$7.1050
63,668$2.50$2.8022.89%$105.00—————
72112$1.40$1.6022.67%$110.00—————
08$0.70$0.9522.70%$115.00—$17.40$19.5010

Forward $97.75. The 25-delta put carries +2.31 volatility points over the 25-delta call.

2027-05-21(196 days)ATM 23.67%±16.98skew +2.02
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$22.30$24.40—$75.00—————
01$17.90$20.60—$80.00—————
—————$82.5026.69%$1.45$2.1520
01$12.50$14.00—$87.5025.55%$2.40$3.3070
01$10.20$12.20—$90.0024.87%$3.00$4.0010
0117$8.50$10.80—$92.5024.33%$3.80$4.80270
046$6.90$9.70—$95.0024.06%$4.80$5.80640
011$6.30$7.40—$97.5023.84%$5.90$7.0010
08$5.20$6.2023.62%$100.00—$7.20$8.3010
0145$3.30$4.4023.34%$105.00—————
010$2.10$3.1023.53%$110.00—————
010$1.30$2.1023.60%$115.00—————
—————$140.00—$41.50$44.90—0

Forward $97.91. The 25-delta put carries +2.02 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 23.97%±18.39skew +2.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$18.40$21.20—$80.00—————
—————$82.5026.74%$1.70$2.4520
07$14.80$16.50—$85.00—————
064$12.40$14.70—$87.5025.42%$2.65$3.601030
062$10.60$12.90—$90.0024.81%$3.30$4.30870
0104$9.10$11.20—$92.5024.45%$4.10$5.201930
158$8.00$9.60—$95.0024.01%$5.00$6.201290
0163$6.20$8.60—$97.5023.81%$6.20$7.30190
4182$6.00$6.7023.97%$100.00—$7.50$8.6010
081$3.80$4.9023.35%$105.00—————
0791$2.45$3.5023.28%$110.00—$14.10$16.0020
052$1.60$2.4523.42%$115.00—————
012$1.05$1.7523.79%$120.00—————
—————$150.00—$51.50$54.90—0

Forward $98.17. The 25-delta put carries +2.01 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.

CL option chain | Options Skew Analytics