Options Skew Analytics

CPNG option chain

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

Data as of 25 September 2026 (end of day)

2026-10-16(21 days)ATM 42.53%±1.43skew +0.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$6.95$11.05—$5.00—————
01$3.95$4.55—$10.00—————
015$2.90$3.25—$11.00—————
41$2.46$2.76—$11.50—————
04$1.94$2.30—$12.0047.54%$0.04$0.08160
23$1.52$1.89—$12.50—————
19$1.03$1.32—$13.0043.30%$0.16$0.2389044
—————$13.5043.04%$0.32$0.381620
0516$0.54$0.59—$14.00—$0.53$0.602,48029
4513$0.34$0.3842.31%$14.50—$0.76$0.90582
2383,198$0.20$0.2442.61%$15.00—$1.13$1.275,22823
125$0.12$0.1443.07%$15.50—$1.46$2.0768
3564,229$0.07$0.0843.66%$16.00—$1.89$2.181,8291
—————$16.50—$2.39$2.7402
3884,042$0.02$0.0750.99%$17.00—————
—————$19.50—$5.15$6.7002
—————$20.00—$4.00$6.2010

Forward $14.00. The 25-delta put carries +0.69 volatility points over the 25-delta call.

2026-11-20(56 days)ATM 52.40%±2.89skew +1.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$4.40$5.60—$9.00—————
—————$11.0056.69%$0.15$0.226421
023$1.96$2.75—$12.0054.23%$0.31$0.412,9710
149214$1.72$1.95—$13.0055.25%$0.68$0.735,2291
4105$1.13$1.21—$14.0052.28%$1.04$1.173,0255
1261,035$0.76$0.8052.71%$15.00—$1.54$1.7710,45110
72,504$0.48$0.5252.84%$16.00—$2.20$2.484,1911
1071,511$0.29$0.3352.88%$17.00—$3.00$3.305930
—————$18.00—$4.05$4.203192
—————$19.00—$3.85$6.151002
—————$20.00—$5.40$7.103060
3989,568$0.03$0.0756.06%$21.00—————
—————$22.00—$6.55$9.101,5811,200

Forward $14.07. The 25-delta put carries +1.35 volatility points over the 25-delta call.

2026-12-18(84 days)ATM 49.91%±3.37skew +4.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$10.90$15.05—$1.00—————
01$9.90$14.05—$2.00—————
012$7.00$11.10—$5.00—————
0259$4.45$5.65—$9.00—————
014$2.80$4.55—$11.0051.35%$0.20$0.304610
044$1.89$2.14—$13.0052.35%$0.76$0.982,9182
4679$1.34$1.43—$14.0050.54%$1.23$1.371,27226
21102$0.89$1.0149.28%$15.00—$1.68$1.921,3050
10310$0.52$0.7047.57%$16.00—$2.30$2.662510
211,131$0.35$0.4848.22%$17.00—$3.15$3.454140
24552$0.25$0.3249.11%$18.00—$3.65$4.753360
0190$0.15$0.2148.80%$19.00—$3.90$6.20460
601,373$0.13$0.1752.05%$20.00—$4.85$7.405620
—————$21.00—$5.00$8.05390
01,352$0.03$0.0551.77%$23.00—————

Forward $14.09. The 25-delta put carries +4.13 volatility points over the 25-delta call.

2027-01-15(112 days)ATM 48.28%±3.80skew +3.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$10.90$15.05—$1.00—————
01$10.00$14.05—$2.00—————
01$6.05$9.15—$7.00—————
1028$6.10$7.35—$8.00—————
02$4.05$6.40—$9.00—————
0100$3.65$4.80—$10.00—————
011$2.80$4.00—$11.0051.16%$0.29$0.40374
050$2.53$3.15—$12.0050.59%$0.55$0.654,1060
0602$1.88$2.44—$13.0049.00%$0.85$1.004,4030
2157$1.51$1.81—$14.0050.44%$1.41$1.478330
1,889573$1.13$1.2047.77%$15.00—$1.98$2.0410,14267
434,281$0.81$0.8647.44%$16.00—$2.59$2.748650
03,404$0.46$0.6545.95%$17.00—$3.15$3.553390
178,665$0.38$0.4447.12%$18.00—$3.80$4.351,5810
03,199$0.27$0.3247.71%$19.00—$4.65$5.751202
8625,634$0.20$0.2549.04%$20.00—$5.95$6.353,2170
—————$21.00—$6.35$7.85110
—————$22.00—$7.75$8.401,1361,200
1327,130$0.02$0.0851.92%$25.00—$9.55$11.1530
—————$27.00—$11.60$14.10200
—————$32.00—$16.55$19.95290

Forward $14.22. The 25-delta put carries +3.47 volatility points over the 25-delta call.

2027-02-19(147 days)ATM 49.88%±4.50skew -1.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$3.75$4.95—$10.0051.98%$0.23$0.332720
020$2.88$3.20—$12.0049.93%$0.58$0.9341
—————$13.0049.01%$0.85$1.391250
07$1.65$2.04—$14.0049.55%$1.44$1.811440
06$1.23$1.6749.88%$15.00—$1.96$2.371,5531
231$0.91$1.3049.40%$16.00—$2.56$3.002160
01,128$0.75$0.9249.10%$17.00—$3.20$3.7060
12,624$0.54$0.8451.04%$18.00—$4.20$4.5510
—————$19.00—$4.00$6.6010
23316$0.28$0.4549.49%$20.00—$5.90$6.3520
—————$24.00—$9.75$11.9501

Forward $14.22. The 25-delta put carries -1.11 volatility points over the 25-delta call.

2027-03-19(175 days)ATM 50.14%±4.98skew +3.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$9.10$13.10—$3.00—————
02$5.25$7.50—$8.00—————
—————$11.0053.14%$0.57$0.67190
01$2.46$3.40—$12.0051.93%$0.85$0.98480
033$2.38$2.76—$13.0051.16%$1.24$1.361,1289
0161$2.04$2.11—$14.0050.02%$1.65$1.851190
2531,059$1.63$1.7250.28%$15.00—$2.35$2.423780
0489$1.24$1.3449.06%$16.00—$2.87$3.10640
1230,288$0.95$1.0648.77%$17.00—$3.35$3.809870
0136$0.74$0.8348.75%$18.00—$4.25$4.60410
0464$0.56$0.6548.56%$19.00—$4.70$5.9090
—————$20.00—$5.55$6.50860
0345$0.32$0.4048.50%$21.00—————
—————$22.00—$6.90$8.90420

Forward $14.33. The 25-delta put carries +3.37 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.