Options Skew Analytics

CRM option chain

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

Data as of 24 September 2026 (end of day)

2026-09-25(1 day)ATM 41.76%±5.22skew +0.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
084$28.00$30.60—$210.00—————
011$25.25$27.90—$212.5086.47%$0.01$0.02673
073$23.00$25.55—$215.0081.30%$0.01$0.038272
020$21.30$23.05—$217.5073.35%$0.01$0.03734224
1385$18.60$21.05—$220.0067.23%$0.02$0.032,32869
8146$16.05$18.55—$222.5059.11%$0.02$0.03997184
16433$13.60$15.60—$225.0054.38%$0.03$0.051,003153
22832$10.75$12.85—$227.5051.21%$0.05$0.111,056186
5621,023$8.55$10.35—$230.0047.28%$0.12$0.182,353931
24680$6.05$8.55—$232.5043.62%$0.27$0.32447253
90939$4.55$4.90—$235.0042.32%$0.65$0.691,261898
1,8951,187$2.80$3.10—$237.5041.75%$1.34$1.47511312
2,0213,115$1.58$1.6941.76%$240.00—$2.55$2.683,687861
1,6661,193$0.75$0.8842.07%$242.50—$4.05$4.45265111
3,5142,180$0.34$0.3742.26%$245.00—$5.80$6.9552913
350791$0.15$0.2245.55%$247.50—$7.80$9.2023523
1,2552,269$0.08$0.1148.44%$250.00—$10.15$11.5548631
788974$0.05$0.0853.49%$252.50—$12.00$14.201372
7681,005$0.03$0.0557.15%$255.00—$14.80$16.60289453
69434$0.01$0.0358.96%$257.50—$17.05$18.8580695
6002,931$0.02$0.0367.39%$260.00—$19.35$21.657611,123

Forward $239.02. The 25-delta put carries +0.25 volatility points over the 25-delta call.

2026-10-02(8 days)ATM 38.33%±13.58skew +0.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
537$23.85$26.40—$215.0043.96%$0.24$0.3845715
02$20.90$24.10—$217.5041.01%$0.31$0.38301113
263$18.80$21.45—$220.0039.90%$0.43$0.527,458241
21$16.45$19.35—$222.5039.51%$0.63$0.7624923
369$14.80$16.80—$225.0039.17%$0.92$1.081,484343
1936$12.75$14.60—$227.5038.88%$1.33$1.49130155
13120$10.75$12.05—$230.0039.18%$1.84$2.181,35852
3210$9.15$10.15—$232.5038.36%$2.54$2.7212128
44441$7.55$8.00—$235.0038.29%$3.30$3.7057660
52328$6.10$6.55—$237.5038.60%$4.30$4.90155240
195578$4.80$5.3038.31%$240.00—$5.55$6.0580790
111816$3.80$4.2038.50%$242.50—$6.95$7.5034613
243610$2.95$3.3038.71%$245.00—$8.55$9.15215466
397636$2.29$2.5539.03%$247.50—$10.40$11.0520221
1,205712$1.72$1.8838.87%$250.00—$11.45$13.051063
533780$1.26$1.4138.97%$252.50—$13.35$15.301081
1,999740$0.92$1.0539.20%$255.00—$14.95$17.401902
138188$0.67$0.8039.69%$257.50—$17.55$19.655926
585773$0.53$0.6240.71%$260.00—$19.60$21.9560323
140309$0.36$0.4841.05%$262.50—————
168818$0.28$0.3641.81%$265.00—$24.20$26.7528319

Forward $239.25. The 25-delta put carries +0.32 volatility points over the 25-delta call.

2026-10-09(15 days)ATM 38.63%±18.76skew -0.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
037$24.10$26.80—$215.0039.95%$0.70$0.8539937
01$22.10$24.50—$217.5039.04%$0.85$1.0963
116$20.00$22.30—$220.0039.37%$1.24$1.44379103
22$17.55$20.70—$222.5038.68%$1.52$1.849018
223$15.85$18.60—$225.0038.55%$2.05$2.2922223
21$14.30$16.35—$227.5038.32%$2.62$2.872414
42024$12.65$14.00—$230.0038.36%$3.30$3.6531413
228$10.95$11.70—$232.5038.24%$3.95$4.655210
6196$9.55$10.20—$235.0038.23%$5.05$5.504009
11028$8.20$8.80—$237.5038.32%$6.10$6.70290
89158$6.95$7.5538.61%$240.00—$7.35$8.056934
1415$5.85$6.4538.71%$242.50—————
2075$4.90$5.4538.80%$245.00—$10.25$11.20785
1317$4.05$4.5538.77%$247.50—$11.95$12.95181
55136$3.35$3.8038.94%$250.00—$13.75$14.901610
910$2.68$3.1538.87%$252.50—$14.70$16.8002
8338$2.22$2.5138.88%$255.00—$17.50$18.35582
7253$1.74$1.9838.56%$257.50—————
447266$1.37$1.6238.70%$260.00—$21.20$22.90841
4257$1.02$1.3438.70%$262.50—————
27462$0.91$1.0839.50%$265.00—$25.15$27.60300

Forward $239.55. The 25-delta put carries -0.55 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 37.94%±22.33skew +0.23
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
51$25.50$27.60—$215.0039.40%$1.34$1.5140255
—————$217.5039.17%$1.67$1.8926286
191,567$20.95$22.85—$220.0038.93%$2.12$2.282,673296
01$19.45$21.15—$222.5038.57%$2.56$2.7962300
51$17.25$19.85—$225.0038.34%$3.05$3.4510357
22$15.80$17.30—$227.5038.15%$3.70$4.15193
401,220$14.20$14.70—$230.0038.11%$4.50$4.955,501329
0211$12.50$13.10—$232.5038.15%$5.30$6.002076
64246$11.15$11.60—$235.0038.03%$6.35$6.955115
635$9.85$10.25—$237.5037.87%$7.40$8.106277
5392,865$8.60$8.9537.98%$240.00—$8.70$9.353,605169
1028$7.30$7.9037.81%$242.50—$10.05$10.90181
46106$6.45$6.8538.14%$245.00—$11.55$12.45114
648$5.55$5.9538.24%$247.50—$13.15$14.0003
1373,326$4.75$5.1038.23%$250.00—$14.95$15.702,63512
337$4.05$4.3538.25%$252.50—————
33613$3.40$3.7538.34%$255.00—$17.65$19.65141
1318$2.74$3.2038.11%$257.50—$19.35$21.70100
6722,797$2.44$2.6038.32%$260.00—$21.60$24.101,16717
40250$2.04$2.1938.42%$262.50—————
225482$1.70$1.8538.57%$265.00—————

Forward $239.75. The 25-delta put carries +0.23 volatility points over the 25-delta call.

2026-10-23(29 days)ATM 38.74%±26.22skew +0.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$53.85$56.90—$185.00—————
010$49.25$52.05—$190.00—————
1013$39.65$42.45—$200.0042.15%$0.58$0.8110217
1018$34.65$37.35—$205.0041.48%$0.90$1.20975
032$30.05$32.70—$210.0040.51%$1.37$1.6510713
015$26.55$28.60—$215.0040.08%$2.03$2.4142617
05$22.50$24.55—$220.0039.69%$3.00$3.3520717
016$18.80$20.60—$225.0039.34%$4.25$4.601948
426$15.50$17.35—$230.0039.30%$5.85$6.3016515
459$12.70$14.00—$235.0039.19%$7.85$8.30512
2772$10.15$10.80—$240.0038.71%$9.85$10.85802
1768$8.00$8.6538.92%$245.00—$12.70$13.80762
657$6.10$7.8540.86%$250.00—$15.90$17.55683
2062$4.70$5.3539.19%$255.00—$19.50$20.9562
1766$3.60$3.9038.97%$260.00—$22.20$24.801640
2678$2.68$3.3540.17%$265.00—$26.75$28.8540
2765$1.87$2.4639.75%$270.00—$31.00$33.15130
147234$1.39$1.8640.11%$275.00—$35.00$37.60140
5221$0.85$1.3739.57%$280.00—————
2250$0.72$1.0740.76%$285.00—$44.30$47.2060
—————$290.00—$49.15$52.0010

Forward $240.13. The 25-delta put carries +0.37 volatility points over the 25-delta call.

2026-10-30(36 days)ATM 39.84%±30.06skew -1.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$49.50$52.45—$190.0044.54%$0.46$0.69647
—————$195.0042.26%$0.54$0.88121
05$40.25$42.55—$200.0042.39%$1.00$1.2421517
111$35.75$38.50—$205.0040.97%$1.38$1.6046411
01$31.60$33.70—$210.0040.50%$1.94$2.3011970
210$27.40$29.60—$215.0040.38%$2.73$3.3025640
1315$23.60$25.50—$220.0039.20%$3.70$4.1522240
15$19.90$21.90—$225.0039.07%$4.90$5.757014
127$16.75$18.90—$230.0039.07%$6.60$7.5520121
750$13.60$15.55—$235.0039.81%$8.65$10.101089
8558$11.25$12.65—$240.0039.53%$11.00$12.45628
949$9.40$10.5540.34%$245.00—$13.85$14.90326
1066$7.30$8.4539.67%$250.00—$16.95$18.55471
447$5.65$6.8039.51%$255.00—$19.95$21.90161
6118$4.40$5.5539.83%$260.00—$24.20$25.55120
437$3.45$4.6540.57%$265.00—$27.20$29.6010
2373$2.64$3.2539.61%$270.00—$31.65$33.8524
1466$1.98$2.5739.81%$275.00—————
2425$1.51$2.1040.38%$280.00—————
8161$1.08$1.7740.90%$285.00—————
839$0.91$1.1540.56%$290.00—————

Forward $240.23. The 25-delta put carries -1.50 volatility points over the 25-delta call.

2026-11-06(43 days)ATM 40.19%±33.21skew +0.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$49.45$52.85—$190.00—————
0—$45.25$48.20—$195.00—————
0—$40.75$43.35—$200.00—————
0—$36.40$38.65—$205.00—————
0—$31.95$34.60—$210.00—————
0—$27.90$30.55—$215.0040.11%$3.20$4.00—1
0—$24.10$26.80—$220.0039.99%$4.40$5.25—6
0—$20.55$23.40—$225.0039.28%$5.25$7.05—1
0—$17.30$20.25—$230.0039.10%$7.15$8.65—0
1—$14.90$17.10—$235.0039.70%$9.35$11.05—1
5—$12.30$14.30—$240.0039.48%$11.80$13.30—1
0—$10.10$12.7040.54%$245.00—$13.90$16.45—0
3—$8.15$9.9039.26%$250.00—$16.75$19.25—0
8—$6.65$8.1539.43%$255.00—$20.55$23.00—0
0—$4.80$7.8040.55%$260.00—$24.10$26.75—0
3—$4.25$5.2039.22%$265.00—$27.80$30.80—0
—————$270.00—$32.05$34.80—0
5—$2.57$3.3539.34%$275.00—$36.00$39.00—0
2—$1.99$2.9240.12%$280.00—$40.55$43.40—0
—————$285.00—$44.95$47.90—0
—————$290.00—$49.70$52.60—0

Forward $240.75. The 25-delta put carries +0.77 volatility points over the 25-delta call.

2026-11-20(57 days)ATM 40.11%±38.15skew -0.05
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0255$79.30$82.45—$160.00—————
0285$74.30$77.55—$165.0047.73%$0.24$0.395742
0425$69.70$72.40—$170.0047.04%$0.38$0.519730
0330$64.85$67.70—$175.0045.87%$0.48$0.697211
02,160$60.05$63.10—$180.0045.60%$0.67$1.0181113
0603$55.35$58.35—$185.0043.42%$0.89$1.0680122
2561$50.85$53.15—$190.0042.78%$1.23$1.4161712
05,310$46.35$49.20—$195.0041.95%$1.62$1.844195
10835$42.10$44.40—$200.0041.37%$2.14$2.441,96533
9977$33.50$36.20—$210.0040.44%$3.75$4.05965113
61,016$26.60$28.85—$220.0040.21%$6.25$6.701,099169
362,247$20.45$21.00—$230.0040.18%$9.80$10.401,04570
232991$15.20$15.65—$240.0040.15%$14.55$15.002,97187
2471,714$10.95$11.4040.05%$250.00—$20.25$20.9091350
1,1524,278$7.80$8.0540.10%$260.00—$26.85$27.651,74748
702,079$5.35$5.7040.26%$270.00—$33.50$35.651882
821,841$3.65$3.8540.31%$280.00—$41.85$44.05430
25832$2.45$2.6440.60%$290.00—$50.75$53.10190
221,722$1.67$1.8441.18%$300.00—$59.65$62.25311
311,044$1.09$1.3041.65%$310.00—$69.65$71.8520
6131$0.73$0.9142.19%$320.00—————

Forward $240.65. The 25-delta put carries -0.05 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.

CRM option chain | Options Skew Analytics