Options Skew Analytics

CPNG option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 51.38%±0.89skew +4.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
470$6.75$7.15—$9.50—————
313$6.25$6.80—$10.00—————
31$5.75$6.15—$10.50—————
10$5.25$5.70—$11.00—————
28$4.25$4.65—$12.00—————
32$3.65$4.10—$12.50—————
35,114$3.30$3.60—$13.00—————
208$2.73$3.10—$13.50—————
1818$2.30$2.66—$14.00—————
480$1.95$2.28—$14.50—————
14347$1.34$1.76—$15.0063.57%$0.02$0.052816
551$0.90$1.19—$15.5054.00%$0.03$0.09240533
32116$0.64$0.72—$16.0053.74%$0.14$0.1914039
484226$0.33$0.39—$16.5051.53%$0.31$0.393170
169136$0.13$0.1849.50%$17.00—$0.62$0.70110
75635$0.05$0.0851.41%$17.50—$1.00$1.22373
111518$0.02$0.0455.42%$18.00—$1.41$1.75142
—————$18.50—$1.89$2.2611
—————$21.00—$4.35$5.8501
—————$22.00—$5.40$6.8002
—————$24.00—$7.30$8.8011

Forward $16.51. The 25-delta put carries +4.24 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 47.41%±1.36skew +4.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$6.95$9.35—$9.00—————
022$6.00$8.35—$10.00—————
017$4.95$5.85—$11.00—————
0419$4.00$4.90—$12.00—————
018$3.50$4.70—$12.50—————
0409$3.00$3.75—$13.0077.77%$0.02$0.046,3555
0839$2.53$3.25—$13.50—————
01,171$2.12$2.72—$14.0065.25%$0.04$0.074,44648
01,687$1.75$2.25—$14.5058.75%$0.05$0.103252
02,691$1.37$1.88—$15.0053.85%$0.09$0.1410,77318
21661$1.11$1.27—$15.5051.54%$0.17$0.23153180
4023,785$0.81$0.89—$16.0047.11%$0.28$0.344,603200
2043,044$0.50$0.60—$16.5047.29%$0.48$0.581740
2823,404$0.31$0.4048.54%$17.00—$0.77$0.866000
34153$0.17$0.2246.91%$17.50—$1.14$1.22863
156,667$0.09$0.1549.00%$18.00—$1.53$1.643220
2533$0.05$0.0849.34%$18.50—————
—————$19.00—$2.41$3.80960
—————$20.00—$3.35$4.653044
—————$20.50—$3.90$6.1010
—————$22.00—$5.35$7.251,5810

Forward $16.52. The 25-delta put carries +4.63 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 45.19%±1.66skew +5.49
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$8.00$9.20—$8.00—————
04$6.00$7.25—$10.00—————
02$5.00$5.80—$11.00—————
—————$12.0080.00%$0.01$0.06446
01$3.05$4.30—$13.00—————
093$2.62$3.40—$13.50—————
091$2.22$2.69—$14.0054.36%$0.05$0.095303
0173$1.83$2.35—$14.50—————
021$1.45$1.94—$15.0050.36%$0.14$0.23150
117$1.27$1.37—$15.5049.04%$0.26$0.3320
6109$0.92$1.02—$16.0047.35%$0.40$0.49320
2230$0.64$0.72—$16.5045.19%$0.58$0.7020
1229$0.42$0.5145.18%$17.00—$0.87$0.971050
12518$0.27$0.3645.94%$17.50—$1.21$1.3340
0130$0.15$0.2043.54%$18.00—————
12178$0.11$0.1747.94%$18.50—————
—————$20.50—$3.90$5.35—0
—————$21.00—$4.40$6.60118
—————$23.00—$6.35$8.4510

Forward $16.54. The 25-delta put carries +5.49 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 44.58%±1.93skew +4.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$2.34$2.81—$14.00—————
014$1.95$2.28—$14.5049.87%$0.14$0.1935
278$1.52$1.98—$15.0049.13%$0.21$0.3120
0113$1.37$1.48—$15.50—————
0604$1.02$1.15—$16.0044.84%$0.46$0.5840
72165$0.73$0.85—$16.5044.78%$0.71$0.79390
90135$0.50$0.6243.99%$17.00—$0.95$1.0850
2039$0.36$0.4444.49%$17.50—$1.29$1.4250
110138$0.24$0.3044.24%$18.00—————
2958$0.16$0.2646.90%$18.50—————
21134$0.11$0.1847.39%$19.00—————
—————$20.00—$3.25$5.2520
—————$23.00—$6.35$7.8010

Forward $16.54. The 25-delta put carries +4.89 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 44.60%±2.19skew +4.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$3.15$4.40—$13.00—————
04$2.02$2.50—$14.5049.06%$0.18$0.2518
211$1.66$1.99—$15.0048.69%$0.26$0.3902
01$1.43$1.60—$15.50—————
255$1.14$1.24—$16.0046.79%$0.57$0.7010
504$0.86$0.99—$16.5045.32%$0.76$0.9280
238298$0.62$0.7444.10%$17.00—————
08$0.45$0.5844.81%$17.50—————
5210$0.31$0.4043.65%$18.00—————
23$0.22$0.2944.01%$18.50—————
64$0.14$0.2143.88%$19.00—————

Forward $16.59. The 25-delta put carries +4.68 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 44.59%±2.42skew +1.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$14.95$17.35—$1.00—————
01$13.95$16.35—$2.00—————
012$10.95$13.35—$5.00—————
0234$7.05$9.35—$9.00—————
022$6.00$8.35—$10.00—————
043$5.05$7.25—$11.00—————
065$4.05$4.90—$12.00—————
083$3.25$4.25—$13.0049.94%$0.06$0.083,2673
47954$2.51$2.80—$14.0047.78%$0.15$0.188,352212
111,259$1.89$2.01—$15.0047.14%$0.33$0.411,89519
7961,536$1.20$1.31—$16.0045.67%$0.65$0.743115
912,132$0.73$0.8344.26%$17.00—$1.11$1.2447244
40733$0.38$0.4542.49%$18.00—$1.80$1.913610
61,806$0.20$0.3245.46%$19.00—————
22,171$0.11$0.1645.42%$20.00—$3.35$4.005620
132,341$0.06$0.1047.25%$21.00—$4.30$6.60360

Forward $16.60. The 25-delta put carries +1.68 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 44.02%±3.13skew +2.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$15.00$17.30—$1.00—————
01$14.00$16.30—$2.00—————
01$9.00$11.35—$7.00—————
027$8.00$9.15—$8.00—————
01$7.05$8.25—$9.00—————
076$6.05$6.95—$10.00—————
0303$5.10$5.75—$11.00—————
048$4.20$4.80—$12.0050.64%$0.07$0.114,0820
1345$3.40$3.85—$13.00—————
11,240$2.68$3.15—$14.0048.49%$0.29$0.442,9770
132,377$2.13$2.32—$15.0045.67%$0.52$0.669,4741
204,390$1.50$1.64—$16.0044.44%$0.88$1.038760
1113,209$0.99$1.1344.02%$17.00—$1.37$1.563180
910,829$0.69$0.7644.63%$18.00—$1.99$2.181,5296
145,425$0.38$0.4942.98%$19.00—$2.74$2.921370
1930,923$0.23$0.3143.03%$20.00—$3.60$3.703,1040
3776,088$0.14$0.2043.57%$21.00—$4.45$5.55490
1021,294$0.08$0.1243.50%$22.00—$5.40$6.601,1310
—————$25.00—$8.10$10.0020

Forward $16.59. The 25-delta put carries +2.69 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 43.72%±3.85skew +1.30
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$6.10$6.90—$10.00—————
020$4.45$5.10—$12.00—————
0126$3.60$4.15—$13.0048.99%$0.26$0.421590
0491$3.10$3.30—$14.0047.55%$0.49$0.612,3830
074$2.41$2.60—$15.0046.31%$0.75$0.946820
0149$1.78$1.98—$16.0044.42%$1.08$1.342190
371,376$1.27$1.4543.69%$17.00—$1.58$1.8460
222,518$0.89$1.1644.61%$18.00—$2.15$2.4420
9225$0.64$0.7442.95%$19.00—$2.89$3.1510
0489$0.44$0.6445.01%$20.00—$3.70$3.95360
—————$21.00—$4.45$5.75430
080$0.19$0.2442.34%$22.00—————

Forward $16.65. The 25-delta put carries +1.30 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.