Options Skew Analytics

CTAS 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 30.24%±13.22skew +1.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$66.70$71.60—$155.00—————
05$55.10$60.70—$165.00—————
06$50.40$56.40—$170.00—————
082$45.10$51.80—$175.00—————
071$41.10$46.10—$180.00—————
088$35.10$41.10—$185.00—————
053$31.40$36.30—$190.00—————
017$26.40$32.30—$195.00—————
2478$20.50$26.20—$200.00—————
01$18.00$23.60—$202.50—————
01$13.90$19.00—$207.50—————
20565$12.90$16.00—$210.0032.74%$1.05$1.502591
018$9.60$15.20—$212.50—————
0121$7.80$10.80—$215.0030.70%$1.75$2.55980
07$8.10$9.00—$217.5029.88%$2.40$3.20180
0815$6.50$7.30—$220.0029.62%$3.30$4.10600
9522$5.40$5.70—$222.5030.03%$4.60$5.202348
338$4.20$4.7030.45%$225.00—$5.90$6.4015584
125$2.75$3.5028.44%$227.50—$7.00$8.001480
0180$1.95$2.7028.41%$230.00—$8.70$9.601,3151,065
015$1.40$2.2029.18%$232.50—$9.60$12.6010

Forward $223.15. The 25-delta put carries +1.52 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 27.37%±14.65skew +0.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$21.20$27.50—$200.00—————
05$16.70$21.60—$205.00—————
01$13.60$17.60—$210.0029.63%$1.30$2.05230
03$10.20$11.80—$215.0028.60%$2.25$3.3020
025$7.20$8.10—$220.0027.83%$3.90$5.0040
1075$4.50$5.4027.25%$225.00—$6.30$7.3020
026$2.40$3.7027.02%$230.00—$9.20$10.4010
06$1.50$2.4528.21%$235.00—$11.40$16.40120

Forward $223.15. The 25-delta put carries +0.39 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 27.50%±27.11skew +2.81
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$94.90$103.40—$125.00—————
01$89.90$98.50—$130.00—————
08$80.00$88.60—$140.00—————
04$75.10$83.70—$145.00—————
033$70.20$78.70—$150.00—————
03$65.30$73.90—$155.00—————
016$61.40$68.30—$160.00—————
03$56.50$62.20—$165.00—————
11931$51.70$57.20—$170.00—————
069$47.00$52.50—$175.00—————
0124$42.20$49.20—$180.00—————
020$38.30$43.70—$185.0033.55%$1.05$1.453680
049$33.40$39.20—$190.0032.72%$1.50$1.902890
0164$29.30$34.70—$195.0031.97%$2.10$2.501790
2119$26.20$29.90—$200.0031.92%$2.90$3.601650
2120$17.70$22.10—$210.0030.02%$5.00$5.701090
0442$12.90$14.60—$220.0028.57%$8.50$8.8015945
21417$8.10$8.9027.24%$230.00—$13.10$16.5070
2471$4.70$5.5027.13%$240.00—————
0360$2.55$3.3027.21%$250.00—————
015$1.50$2.2028.52%$260.00—————

Forward $225.14. The 25-delta put carries +2.81 volatility points over the 25-delta call.

2027-02-19(105 days)ATM 27.87%±33.67skew +3.78
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$43.30$49.40—$180.00—————
016$34.30$40.90—$190.0032.42%$2.45$3.70131
01$30.60$36.20—$195.0031.62%$3.20$4.501011
031$26.00$32.00—$200.0030.29%$4.00$5.20200
0279$18.50$25.00—$210.0028.83%$6.40$7.70570
2269$14.70$16.90—$220.0027.72%$10.20$11.00194
062$10.00$12.4027.89%$230.00—————
21193$6.40$8.0026.92%$240.00—————
0489$3.90$5.1026.51%$250.00—————
506$2.50$3.2026.73%$260.00—————

Forward $225.26. The 25-delta put carries +3.78 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 28.06%±38.21skew +3.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$96.70$103.60—$125.00—————
02$82.10$87.80—$140.00—————
018$72.40$77.90—$150.00—————
010$67.60$73.30—$155.00—————
0126$62.80$67.90—$160.00—————
04$58.00$63.50—$165.00—————
03$54.50$59.50—$170.00—————
014$49.90$55.00—$175.00—————
04$44.30$49.70—$180.00—————
025$40.20$46.10—$185.0031.76%$2.40$3.60170
028$35.90$41.90—$190.0030.99%$3.10$4.30250
079$31.50$37.90—$195.0030.28%$3.90$5.20750
0467$28.20$33.80—$200.0029.92%$4.90$6.502330
0211$22.90$25.20—$210.0028.43%$7.60$8.90570
052$16.60$19.00—$220.0028.21%$11.30$13.30160
138$11.80$14.3028.03%$230.00—————
2253$8.00$9.5026.80%$240.00—————
014$5.30$6.4026.44%$250.00—————
31$2.95$4.4025.88%$260.00—————
014$2.30$3.2027.16%$270.00—————

Forward $225.58. The 25-delta put carries +3.48 volatility points over the 25-delta call.

2027-05-21(196 days)ATM 28.84%±48.02skew +3.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$175.0032.77%$2.65$3.9020
01$42.80$49.10—$185.00—————
—————$190.0031.12%$4.90$6.5010
01$35.00$40.90—$195.00—————
036$31.00$37.60—$200.00—————
01$25.30$30.50—$210.0030.06%$10.30$12.7020
07$18.10$25.00—$220.0028.80%$14.20$15.9030
04$15.90$19.1028.85%$230.00—$18.90$21.5010
010$12.00$15.0028.65%$240.00—————
235$8.80$10.5027.50%$250.00—————
01$6.30$8.6027.96%$260.00—————
021$4.30$6.2027.40%$270.00—————
01$2.05$3.4027.37%$290.00—————
—————$330.00—$103.60$110.20—0

Forward $227.24. The 25-delta put carries +3.72 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 28.67%±51.09skew +3.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$83.80$90.70—$140.00—————
01$74.40$81.20—$150.00—————
01$65.20$71.10—$160.00—————
01$48.10$53.90—$180.00—————
01$44.00$50.20—$185.0031.48%$4.50$6.3060
05$40.20$47.10—$190.0031.12%$5.40$7.50130
025$36.30$42.50—$195.0030.68%$6.50$8.7010
033$32.30$38.60—$200.0030.51%$7.70$10.40180
090$26.60$32.00—$210.0029.91%$10.80$13.804170
072$20.00$26.70—$220.0029.31%$14.70$17.80160
032$17.50$20.6028.81%$230.00—$19.60$22.40190
066$13.20$16.5028.41%$240.00—$23.90$29.5010
017$9.60$12.3027.41%$250.00—$29.30$36.40120
061$7.10$9.9027.62%$260.00—$37.50$43.5070
02$5.20$7.4027.36%$270.00—————
10$2.80$4.4027.63%$290.00—————
—————$340.00—$113.20$120.20—0

Forward $228.00. The 25-delta put carries +3.15 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.