Options Skew Analytics

CRM 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 45.94%±13.67skew +4.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
11$23.35$26.25—$190.0055.91%$0.32$0.4278311
—————$192.5054.32%$0.44$0.5323334
—————$195.0052.53%$0.60$0.6547297
—————$197.5051.44%$0.79$0.905573
1214$15.25$16.65—$200.0050.33%$1.08$1.18798303
30$12.45$14.50—$202.5049.20%$1.42$1.5731985
71$11.20$12.75—$205.0048.01%$1.91$2.001941,480
130$9.85$10.45—$207.5047.50%$2.50$2.7094118
14514$8.10$8.55—$210.0046.57%$3.25$3.45375321
220$6.55$6.95—$212.5046.43%$4.15$4.5598130
26112$5.20$5.6546.04%$215.00—$5.25$5.75290164
14863$4.00$4.4045.16%$217.50—$6.55$7.006176
8247$3.05$3.3544.64%$220.00—$8.00$8.60412111
107109$2.31$2.4944.36%$222.50—$9.70$11.1515536
30170$1.66$1.8243.89%$225.00—$11.35$12.2529377
28481$1.17$1.3043.54%$227.50—$13.20$14.35461269
22996$0.80$0.9243.30%$230.00—$15.35$16.75388298
103107$0.52$0.6543.09%$232.50—$17.20$19.50916
114339$0.36$0.4443.19%$235.00—$20.00$21.5540120
30296$0.18$0.2942.17%$237.50—$21.90$24.301128
406329$0.15$0.1943.06%$240.00—$24.25$27.151776

Forward $214.92. The 25-delta put carries +4.13 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 45.42%±19.13skew +3.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
5600$30.00$31.65—$185.0053.80%$0.67$0.77978567
1552$24.55$27.10—$190.0051.43%$1.02$1.121,089325
05,299$19.95$22.75—$195.0049.85%$1.59$1.711,932393
31775$16.50$18.40—$200.0048.57%$2.45$2.592,510485
1034$13.50$14.40—$205.0047.24%$3.55$3.9069591
1231,047$10.15$10.80—$210.0046.43%$5.25$5.602,417765
3717$7.35$8.00—$215.0045.54%$7.40$7.80905280
12226$6.20$6.7545.20%$217.50—$8.60$9.157686
2331,661$5.15$5.6044.69%$220.00—$10.10$10.554,291637
10687$4.20$4.7544.63%$222.50—$11.60$12.2023618
87100$3.40$3.8043.96%$225.00—$13.15$13.85400161
4687$2.84$3.1044.16%$227.50—$14.90$15.557625
1862,825$2.25$2.4843.83%$230.00—$16.85$17.652,82843
55143$1.78$1.9543.55%$232.50—$18.80$21.102832
83181$1.40$1.5243.35%$235.00—$20.45$22.653441
4359$1.09$1.2043.34%$237.50—$22.65$25.601510
2324,701$0.81$0.9242.99%$240.00—$25.05$26.653,84744
31283$0.66$0.7243.37%$242.50—$27.20$29.951972
57362$0.47$0.5543.05%$245.00—$29.40$32.3539816
6257$0.33$0.4443.03%$247.50—$32.15$34.85832
2104,194$0.25$0.3343.07%$250.00—$34.50$36.6596612

Forward $215.08. The 25-delta put carries +3.42 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 44.95%±23.19skew +3.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$68.25$72.15—$145.00—————
213$43.70$46.40—$170.00—————
02$38.95$41.95—$175.00—————
03$34.25$36.90—$180.00—————
112$25.65$28.00—$190.0048.37%$1.46$1.9415831
01$21.65$23.85—$195.0047.55%$2.27$2.757561
07$17.70$20.00—$200.0046.43%$3.30$3.8011638
01$14.60$16.45—$205.0046.49%$4.75$5.501198
614$11.40$12.60—$210.0045.77%$6.55$7.3523013
2125$8.85$9.80—$215.0045.13%$8.75$9.6511545
4649$6.55$7.4544.45%$220.00—$11.10$12.75597116
1134$4.70$5.5043.81%$225.00—$14.25$15.6027641
8137$3.25$4.0043.35%$230.00—$17.70$19.651998
80148$2.19$2.6442.34%$235.00—$21.20$24.10649
64277$1.42$1.9442.58%$240.00—$25.40$28.40895
—————$245.00—$29.85$32.10561
—————$250.00—$34.15$36.75260
—————$255.00—$38.85$41.5531
—————$260.00—$44.05$47.30430
—————$265.00—$48.95$52.3090
—————$270.00—$53.30$57.3080

Forward $215.13. The 25-delta put carries +3.07 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 53.08%±31.65skew +3.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$175.0058.94%$1.16$1.9045
—————$180.0056.99%$1.71$2.252218
20$31.40$34.15—$185.0056.62%$2.42$3.10384
—————$190.0056.38%$3.50$4.055734
—————$195.0054.99%$4.55$5.102813
12$21.00$22.85—$200.0055.09%$5.95$6.855889
033$17.80$19.75—$205.0054.60%$7.70$8.609222
45$14.15$16.90—$210.0054.13%$9.65$10.759015
512$12.10$13.30—$215.0053.00%$11.80$13.006053
389$9.95$11.1053.15%$220.00—$14.40$16.202932
1431$7.95$8.9052.33%$225.00—$17.35$19.20359
1640$6.20$7.2051.87%$230.00—$20.40$22.454912
128$4.80$5.7551.53%$235.00—$23.80$26.90181
4652$3.90$4.3551.36%$240.00—$27.55$30.601419
3171$2.82$3.4050.72%$245.00—$31.40$34.70180
3233$2.05$2.6850.54%$250.00—————
1225$1.58$2.0850.80%$255.00—————
346$1.25$1.6651.48%$260.00—————
324$0.88$1.2951.36%$265.00—————
—————$270.00—$54.15$57.4010

Forward $215.30. The 25-delta put carries +3.63 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 53.96%±36.01skew +4.02
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$175.0057.17%$1.62$2.40311
—————$185.0056.39%$2.89$4.4064
—————$190.0055.02%$3.95$5.20530
—————$195.0054.65%$5.00$6.80912
—————$200.0054.50%$7.00$8.052010
11$18.80$20.50—$205.0054.68%$8.85$10.15242
21$16.50$17.75—$210.0054.14%$10.85$12.301420
1429$13.90$15.50—$215.0054.56%$13.25$15.10138
21$11.55$12.9053.58%$220.00—$15.95$17.75228
4836$9.15$10.5551.96%$225.00—$18.50$20.85392
231$7.30$9.3552.60%$230.00—$21.85$24.1540
66$5.85$7.0050.75%$235.00—$25.10$27.6013
196$4.75$6.2051.93%$240.00—$28.95$31.4002
524$3.55$4.8050.63%$245.00—————
2649$2.73$3.8550.38%$250.00—————
—————$255.00—$40.55$43.9512
11725$1.67$2.2349.67%$260.00—————
—————$280.00—$63.95$67.3510

Forward $215.53. The 25-delta put carries +4.02 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 52.24%±38.19skew +4.23
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0138$69.10$72.05—$145.00—————
1328$64.30$66.95—$150.00—————
0142$59.40$62.40—$155.00—————
1256$54.90$57.55—$160.0059.34%$1.06$1.221,65625
0193$50.30$53.00—$165.0058.65%$1.47$1.6356615
21185$45.65$48.40—$170.0057.80%$1.97$2.134,97230
0703$41.45$44.20—$175.0056.73%$2.50$2.781,33226
0626$37.05$40.00—$180.0056.19%$3.25$3.651,53854
0382$33.25$36.00—$185.0055.47%$4.25$4.5594651
6754$29.75$32.00—$190.0055.16%$5.50$5.752,388117
18393$26.20$28.15—$195.0054.34%$6.75$7.152,200107
344,325$23.75$24.30—$200.0054.43%$8.45$9.003,52496
762,979$17.70$18.40—$210.0053.10%$12.30$12.952,554248
2772,347$12.85$13.4052.13%$220.00—$17.45$17.803,306278
482,933$8.90$9.3551.00%$230.00—$23.30$24.452,72676
1233,338$6.05$6.3550.41%$240.00—$30.05$32.253,54962
2755,978$4.00$4.2550.11%$250.00—$37.95$40.352,65142
972,435$2.57$2.7549.79%$260.00—$46.20$49.008264
1681,977$1.57$1.7349.36%$270.00—$55.15$58.053121
662,204$0.96$1.0649.13%$280.00—$64.45$66.8512411
961,588$0.56$0.6949.24%$290.00—$74.10$77.25830

Forward $215.48. The 25-delta put carries +4.23 volatility points over the 25-delta call.

2026-12-24(48 days)ATM 51.18%±39.97skew +2.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$83.70$87.55—$130.00—————
0—$78.80$82.65—$135.00—————
0—$73.90$77.25—$140.00—————
0—$69.05$72.40—$145.00—————
0—$64.25$67.30—$150.00—————
—————$180.0055.46%$3.20$4.8001
—————$190.0053.76%$5.10$7.2003
—————$195.0052.90%$6.40$8.6003
10$23.05$25.95—$200.0053.09%$8.20$10.5001
01$20.25$22.50—$205.0052.42%$10.10$12.3001
—————$210.0052.79%$12.75$14.4504
20$14.85$16.95—$215.00—————
20$12.60$15.0051.13%$220.00—$17.50$19.3005
122$10.70$12.9551.09%$225.00—$20.05$23.0011
31$8.80$11.4551.21%$230.00—$23.15$25.7001
31$6.90$9.5549.91%$235.00—$26.25$29.3501
122$5.95$7.6549.51%$240.00—————
20$4.75$6.8550.01%$245.00—————
42$3.80$5.3048.83%$250.00—————
—————$300.00—$83.95$87.30—0
—————$305.00—$88.55$92.25—0

Forward $215.38. The 25-delta put carries +2.89 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 47.75%±45.11skew +3.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
75679$69.80$72.50—$145.0056.60%$0.84$1.161,16013
0369$65.25$67.85—$150.0055.20%$1.17$1.334,55426
0443$60.85$63.40—$155.0053.66%$1.41$1.664,54620
1438$55.85$58.80—$160.0053.51%$1.93$2.202,24987
0273$51.85$54.45—$165.0052.23%$2.32$2.7590522
10428$47.25$50.20—$170.0051.92%$3.05$3.504,6638
10324$43.25$46.05—$175.0051.55%$3.95$4.357,18724
0940$39.40$42.15—$180.0050.84%$4.90$5.305,3959
0460$35.80$38.10—$185.0050.30%$6.00$6.502,31082
02,487$32.65$34.45—$190.0049.67%$7.35$7.753,872100
111,451$28.70$31.20—$195.0049.88%$9.00$9.602,49663
172,758$25.85$27.95—$200.0049.12%$10.65$11.2512,29487
231,875$20.70$21.90—$210.0048.36%$14.85$15.402,11288
1165,369$15.45$16.4547.78%$220.00—$19.55$20.904,70756
513,507$11.55$12.4547.28%$230.00—$25.15$27.152,8438
544,274$8.50$9.1546.79%$240.00—$32.35$34.302,92610
704,693$6.05$6.5546.15%$250.00—$39.50$41.903,7652
959,299$4.35$4.9046.45%$260.00—$47.75$50.406590
1652,310$3.00$3.3045.76%$270.00—$56.25$59.103812
233,028$2.15$2.3045.86%$280.00—$65.30$68.201000
263,816$1.41$1.5945.56%$290.00—$74.80$77.651080

Forward $215.69. The 25-delta put carries +3.51 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.