Options Skew Analytics

CPB 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 35.35%±1.60skew -0.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$9.40$10.90—$13.00—————
03$8.40$9.40—$14.00—————
06$7.40$8.90—$15.00—————
021$6.40$7.60—$16.00—————
440$5.90$6.40—$17.00—————
041$4.40$5.90—$18.00—————
04$3.90$5.40—$18.50—————
1154$3.50$4.80—$19.00—————
01$2.95$4.30—$19.50—————
4,0194,302$2.95$3.30—$20.0051.31%$0.05$0.102,20419
0182$2.60$2.70—$20.50—————
631,066$2.10$2.25—$21.00—————
6604$1.65$1.80—$21.50—————
271,735$1.25$1.35—$22.0037.02%$0.20$0.307797
3207$0.90$1.00—$22.5036.40%$0.35$0.457152
481,017$0.65$0.70—$23.0035.44%$0.55$0.6527934
6112$0.40$0.5035.23%$23.50—$0.80$0.9533
2886$0.25$0.3536.05%$24.00—$1.20$1.30401100
290$0.15$0.2537.22%$24.50—————
—————$25.00—$1.85$2.40200
—————$28.00—$4.70$5.7050

Forward $23.08. The 25-delta put carries -0.20 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 37.98%±2.98skew +0.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
09$11.40$12.90—$11.00—————
014$9.30$10.90—$13.00—————
012$8.20$9.90—$14.00—————
434$7.80$8.30—$15.00—————
022$6.50$7.50—$16.00—————
034$5.50$6.90—$17.00—————
0274$5.00$5.40—$18.00—————
0216$3.70$4.50—$19.0042.83%$0.10$0.151,62422
0724$3.10$3.60—$20.0040.65%$0.20$0.251,968241
8495$2.40$2.60—$21.0039.02%$0.35$0.4599130
151,681$1.70$1.90—$22.0039.33%$0.65$0.80786139
751,452$1.15$1.30—$23.0037.85%$1.05$1.2072291
113,253$0.75$0.9038.52%$24.00—$1.65$1.801210
414,463$0.45$0.6038.61%$25.00—$2.30$2.505252
591,551$0.25$0.3537.74%$26.00—$2.80$3.403921
22545$0.15$0.2037.95%$27.00—————
1170$0.05$0.1035.89%$28.00—————
—————$30.00—$6.50$8.00700

Forward $23.10. The 25-delta put carries +0.40 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 37.26%±3.75skew +2.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
4150$9.60$10.50—$13.00—————
04$8.40$9.50—$14.00—————
0125$7.40$8.50—$15.00—————
03$6.50$7.50—$16.00—————
0197$5.50$6.50—$17.00—————
10119$5.10$5.50—$18.00—————
0166$3.70$4.60—$19.00—————
01,927$3.30$3.70—$20.0038.16%$0.35$0.4511,25915
0967$2.15$2.95—$21.0037.52%$0.60$0.7038734
30814$1.90$2.15—$22.0038.36%$1.00$1.1054399
2910$1.40$1.55—$23.00—$1.40$1.555050
84824$0.95$1.1536.72%$24.00—$1.95$2.304900
748,979$0.65$0.8036.48%$25.00—$2.50$3.003,1890
1524$0.40$0.5035.12%$26.00—$3.20$4.001290
04,057$0.25$0.4036.44%$27.00—$4.10$4.501,0070
02,370$0.15$0.2535.93%$28.00—$4.80$5.8010
0176$0.10$0.1535.91%$29.00—————
—————$30.00—$6.80$7.507870
—————$35.00—$11.70$12.80120
—————$40.00—$16.40$17.9050
—————$65.00—$41.30$42.8010

Forward $23.00. The 25-delta put carries +2.40 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 36.13%±5.03skew +0.98
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$9.50$10.70—$13.00—————
04$8.40$9.50—$14.00—————
178$7.70$8.50—$15.00—————
08$6.60$7.50—$16.00—————
05$5.60$6.60—$17.0038.45%$0.15$0.257243
092$4.90$5.70—$18.0037.88%$0.25$0.401,0111
034$4.00$4.80—$19.0036.54%$0.40$0.553381
1261$3.60$4.10—$20.0036.42%$0.60$0.854180
0107$2.55$3.40—$21.0036.82%$0.95$1.201311
0105$2.25$2.75—$22.0037.04%$1.30$1.702000
101,244$1.85$2.15—$23.0036.23%$1.75$2.158031
0102$1.45$1.7036.06%$24.00—$2.25$2.85370
01,268$1.10$1.3035.47%$25.00—$2.90$3.302,1040
0198$0.80$1.1036.02%$26.00—$3.50$4.30900
0343$0.60$0.8035.44%$27.00—$4.30$5.101590
128$0.45$0.6035.40%$28.00—$5.10$6.0050
050$0.30$0.4534.92%$29.00—$6.00$6.90200
—————$30.00—$6.90$7.8020

Forward $23.05. The 25-delta put carries +0.98 volatility points over the 25-delta call.

2027-05-21(196 days)ATM 33.02%±5.58skew +3.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$6.60$7.60—$16.00—————
02$4.90$5.80—$18.0036.94%$0.40$0.65230
012$4.10$5.00—$19.0037.08%$0.65$0.90230
06$3.40$4.30—$20.0036.91%$0.90$1.25860
059$2.80$3.60—$21.0036.07%$1.20$1.60720
069$2.30$3.10—$22.0036.67%$1.65$2.10770
3149$2.25$2.50—$23.0035.81%$2.10$2.55360
0241$1.45$2.0532.54%$24.00—$2.65$3.3010
0142$1.15$1.7032.87%$25.00—$3.20$4.0010
010$0.90$1.3532.68%$26.00—————
021$0.70$1.1032.88%$27.00—————
019$0.65$0.8533.69%$28.00—$5.40$6.3050
—————$29.00—$6.20$7.2010
134$0.40$0.5533.99%$30.00—————

Forward $23.05. The 25-delta put carries +3.22 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 33.39%±6.02skew +3.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
117$7.50$8.40—$15.00—————
039$5.80$6.70—$17.00—————
011$5.00$5.90—$18.0037.18%$0.50$0.751140
017$4.20$5.20—$19.0036.93%$0.70$1.058270
030$3.50$4.40—$20.0036.98%$1.00$1.402310
080$3.00$3.80—$21.0036.02%$1.35$1.70240
046$2.60$3.20—$22.0036.48%$1.75$2.25520
0302$2.45$2.70—$23.0036.36%$2.20$2.8060
035$1.60$2.3033.27%$24.00—$2.75$3.40180
15446$1.40$1.8533.63%$25.00—$3.30$4.101420
104$1.30$1.5034.71%$26.00—$4.10$4.6010
0373$0.85$1.2533.18%$27.00—$4.70$5.60620
03$0.65$1.0533.26%$28.00—$5.50$6.40100
—————$30.00—$7.10$8.101790
440$0.15$0.2534.64%$35.00—————

Forward $23.08. The 25-delta put carries +3.72 volatility points over the 25-delta call.

2027-09-17(315 days)ATM 35.27%±7.49skew +1.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
032$7.60$8.60—$15.0037.05%$0.25$0.4028740
029$5.20$6.20—$18.0036.81%$0.80$1.10730
027$3.90$4.90—$20.0035.93%$1.40$1.752880
0153$2.80$3.70—$22.0035.34%$2.15$2.70160
0329$1.70$2.4535.22%$25.00—$3.70$4.50920
0112$1.20$1.7534.67%$27.00—$5.10$6.0050
0103$0.70$1.1034.73%$30.00—$7.40$8.40100
—————$35.00—$11.50$12.90—0

Forward $22.86. The 25-delta put carries +1.20 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.