Options Skew Analytics

CVNA option chain

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

Data as of 22 September 2026 (end of day)

2026-09-25(3 days)ATM 64.14%±3.83skew +1.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
080$10.60$11.10—$55.0095.12%$0.01$0.0620034
10$8.65$9.10—$57.00—————
08$7.60$8.10—$58.00—————
1124$6.60$7.15—$59.0073.17%$0.06$0.1123823
03$5.65$6.20—$60.00—————
029$4.95$5.25—$61.0069.99%$0.19$0.2659177
518$4.00$4.35—$62.0068.65%$0.31$0.40737270
019$3.25$3.55—$63.0066.06%$0.49$0.55468568
9365$2.50$2.68—$64.0065.62%$0.74$0.85560410
123721$1.86$2.06—$65.0064.23%$1.09$1.191,017760
415396$1.38$1.5164.14%$66.00—$1.56$1.67473111
5331,402$0.97$1.1064.56%$67.00—$2.11$2.30402169
6302,490$0.64$0.7563.80%$68.00—$2.80$2.9728878
403355$0.40$0.5464.51%$69.00—$3.45$3.75408177
4842,215$0.26$0.3163.43%$70.00—$4.30$4.6051448
106912$0.17$0.2566.80%$71.00—$5.15$5.5021921
3022,208$0.11$0.1466.44%$72.00—$6.05$6.40215
—————$73.00—$7.00$7.40564
—————$74.00—$8.00$8.55425
27577$0.02$0.0773.63%$75.00—$9.00$9.55408
48151$0.01$0.0676.73%$76.00—$10.00$10.35124

Forward $65.83. The 25-delta put carries +1.55 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 58.59%±6.38skew +0.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$8.90$9.40—$57.00—————
10$7.95$8.45—$58.0064.05%$0.31$0.432096
—————$59.0062.18%$0.40$0.544175
29$6.25$6.70—$60.0061.43%$0.58$0.67399109
02$5.55$5.90—$61.0060.40%$0.75$0.875657
05$4.80$5.15—$62.0059.01%$0.97$1.0816547
025$4.10$4.35—$63.0058.38%$1.25$1.3880520
149$3.50$3.75—$64.0058.34%$1.63$1.7413038
1082$2.88$3.15—$65.0058.47%$2.03$2.22131107
3395$2.34$2.5958.53%$66.00—$2.52$2.739961
3747$1.97$2.1459.22%$67.00—$3.00$3.3025946
2667$1.58$1.7659.11%$68.00—$3.60$3.85215144
47123$1.29$1.3958.98%$69.00—$4.25$4.609028
151153$1.01$1.1258.93%$70.00—$4.95$5.452248
12151$0.79$0.8958.98%$71.00—$5.75$6.106321
140155$0.57$0.7058.34%$72.00—$6.55$7.10534
269542$0.44$0.5859.21%$73.00—$7.40$7.85870
17109$0.32$0.4358.57%$74.00—$8.25$8.70795
197341$0.27$0.3459.78%$75.00—$9.20$9.6094
3789$0.20$0.2760.14%$76.00—$10.10$10.55131
—————$77.00—$11.05$11.5040

Forward $65.84. The 25-delta put carries +0.03 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 57.37%±8.17skew +2.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$56.0062.33%$0.40$0.48741
—————$57.0061.16%$0.48$0.61740
—————$58.0061.32%$0.62$0.81710
—————$59.0060.26%$0.79$0.96133
625$6.80$7.25—$60.0059.59%$0.99$1.1736710
40$6.15$6.50—$61.0058.91%$1.25$1.3922
55$5.45$5.80—$62.0058.15%$1.52$1.672364
05$4.80$5.10—$63.0058.04%$1.86$2.031366
10$4.10$4.50—$64.0058.16%$2.25$2.464110
232$3.65$3.90—$65.0057.67%$2.68$2.889919
05$3.10$3.4057.57%$66.00—$3.10$3.45246
2012$2.69$2.8757.20%$67.00—$3.65$3.9040101
4348$2.30$2.4757.32%$68.00—$4.25$4.60211
216$1.94$2.1357.45%$69.00—$4.85$5.159270
7943$1.64$1.7657.05%$70.00—$5.55$5.85622
519$1.38$1.4857.13%$71.00—$6.25$6.655190
4352$1.10$1.2556.75%$72.00—$7.00$7.502960
142$0.93$1.0557.16%$73.00—$7.80$8.20270
1464$0.78$0.8857.52%$74.00—$8.65$9.101130
29105$0.65$0.7257.63%$75.00—$9.50$9.9570
1923$0.52$0.6458.28%$76.00—$10.35$10.8550

Forward $65.97. The 25-delta put carries +2.16 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 57.23%±9.68skew +2.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$10.45$10.95—$56.0062.00%$0.66$0.85113
02$9.70$10.10—$57.0060.39%$0.81$0.9437
01$8.80$9.30—$58.0060.76%$1.06$1.1425528
—————$59.0060.70%$1.31$1.3726526
87491$7.40$7.75—$60.0059.50%$1.51$1.6011,352303
—————$61.0059.13%$1.79$1.90827
—————$62.0058.66%$2.10$2.23121,127
—————$63.0058.15%$2.45$2.59112,027
—————$64.0058.20%$2.85$3.0519449
11,011$4.25$4.50—$65.0057.92%$3.35$3.457,160281
6461$3.75$3.8556.67%$66.00—$3.75$3.902191,638
705$3.30$3.5057.39%$67.00—$4.35$4.451656
2975$2.85$3.1057.14%$68.00—$4.95$5.0533
31285$2.47$2.5956.00%$69.00—$5.45$5.7021
16010,084$2.18$2.2556.25%$70.00—$6.20$6.354,13674
178151$1.90$1.9556.36%$71.00—$6.75$7.10037
9140$1.64$1.7757.12%$72.00—$7.45$7.8560
511$1.41$1.4956.78%$73.00—————
77$1.22$1.3357.39%$74.00—————
1,1524,101$1.04$1.1357.27%$75.00—$9.80$10.405524
210$0.86$0.9857.16%$76.00—————

Forward $65.97. The 25-delta put carries +2.11 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 56.26%±10.83skew +0.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$56.0059.91%$0.86$1.0960
—————$57.0059.73%$1.08$1.2714
—————$58.0059.29%$1.34$1.4402
—————$59.0058.38%$1.53$1.6805
—————$60.0057.69%$1.77$1.957022
—————$61.0057.62%$2.05$2.3264
03$6.40$6.75—$62.0057.25%$2.39$2.66940
—————$63.0057.17%$2.79$3.05311
—————$64.0056.39%$3.15$3.451310
341$4.70$5.10—$65.0057.07%$3.60$4.051024
51$4.15$4.60—$66.0056.92%$4.10$4.55196
56$3.70$4.0556.26%$67.00—$4.60$5.05272
019$3.40$3.7057.42%$68.00—$5.25$5.70612
818$3.00$3.2556.83%$69.00—$5.80$6.25140
080$2.69$2.9257.20%$70.00—$6.45$6.95400
013$2.36$2.6057.08%$71.00—$7.10$7.60300
020$2.07$2.3257.11%$72.00—$7.80$8.351730
099$1.81$2.0657.10%$73.00—$8.55$9.1030
08$1.59$1.8257.15%$74.00—$9.30$9.85310
551$1.38$1.6257.23%$75.00—$10.10$10.701183
06$1.20$1.4357.27%$76.00—$10.90$11.4040

Forward $66.05. The 25-delta put carries +0.47 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 67.21%±14.34skew +2.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$56.0071.13%$1.72$2.0890
—————$57.0070.61%$1.97$2.33110
—————$58.0068.92%$2.24$2.4513
—————$59.0069.37%$2.54$2.871003
045$8.80$9.50—$60.0070.90%$3.00$3.35160259
—————$61.0069.05%$3.20$3.6532
—————$62.0068.56%$3.60$4.00271
—————$63.0068.36%$4.00$4.4540
—————$64.0069.05%$4.45$5.0542
017$6.00$6.60—$65.0066.67%$4.90$5.20437
18$5.45$6.10—$66.0067.58%$5.40$5.9011
60$5.00$5.6567.52%$67.00—$5.95$6.5540
19$4.55$5.2067.14%$68.00—$6.50$7.1520
07$4.20$4.8067.34%$69.00—$7.10$7.7030
2922$3.80$4.4066.93%$70.00—$7.70$8.35310
214$3.50$4.0567.13%$71.00—————
1466$3.20$3.7067.05%$72.00—$9.00$9.6030
02$2.86$3.4066.74%$73.00—————
11$2.60$3.1566.98%$74.00—$10.40$11.1050
1015$2.36$2.8566.77%$75.00—$11.15$11.8510
02$2.15$2.6166.89%$76.00—$11.90$12.6050

Forward $66.13. The 25-delta put carries +2.03 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 66.07%±17.61skew +3.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
3284$17.40$19.20—$50.0071.87%$1.35$1.5114,06210
073$15.70$16.95—$52.0070.90%$1.73$1.891,8460
054$14.00$14.75—$54.0070.19%$2.19$2.362,1018
037$13.50$14.05—$55.0069.82%$2.45$2.621,88963
049$12.75$13.35—$56.0069.46%$2.73$2.901,2170
089$11.50$11.80—$58.0068.04%$3.25$3.509,45812
0161$10.20$10.65—$60.0067.59%$3.95$4.254,02324
091$9.00$9.50—$62.0067.76%$4.85$5.1093167
2185$7.90$8.25—$64.0066.75%$5.70$5.9583817
21261$7.50$7.85—$65.0066.90%$6.25$6.451,58625
39449$6.95$7.35—$66.0066.60%$6.75$6.952,64272
6552,859$6.05$6.4566.19%$68.00—$7.80$8.052,68070
8619$5.30$5.6065.93%$70.00—$9.05$9.308366
21,508$4.65$4.9566.33%$72.00—$10.30$10.655034
162,092$4.00$4.2065.51%$74.00—$11.65$11.903480
100560$3.70$3.9565.57%$75.00—$12.30$12.654500
73,600$3.45$3.7065.72%$76.00—$13.10$13.402590
772,001$2.88$3.2565.42%$78.00—$14.60$14.954450
301,903$2.55$2.6564.95%$80.00—$16.15$16.603450
101567$2.18$2.2964.98%$82.00—$17.60$18.204421
100152$1.86$1.9764.98%$84.00—$19.25$19.90190

Forward $66.30. The 25-delta put carries +3.07 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 62.93%±20.43skew +4.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0432$18.10$19.90—$50.0068.15%$1.94$2.153,08357
037$16.40$17.50—$52.0067.12%$2.37$2.591,07147
0269$15.10$15.75—$54.0066.62%$2.90$3.151,9063
23233$14.40$15.05—$55.0066.12%$3.10$3.501,6233
0116$13.70$14.35—$56.0065.46%$3.40$3.751,2220
0241$12.40$13.05—$58.0065.09%$4.10$4.451,0153
23,039$11.25$11.80—$60.0064.49%$4.85$5.202,1219
0275$10.10$10.60—$62.0064.29%$5.75$6.056650
5511$9.05$9.55—$64.0063.66%$6.60$7.009352
173$8.55$9.00—$65.0063.72%$7.10$7.5558929
2553$8.05$8.55—$66.0063.23%$7.60$8.0047914
484390$7.30$7.6563.43%$68.00—$8.70$9.103,03416
4423$6.40$6.8562.86%$70.00—$10.00$10.401,81417
31,000$5.65$6.1062.52%$72.00—$11.15$11.651,9484
4880$5.00$5.3562.05%$74.00—$12.45$13.001900
0236$4.65$5.1062.02%$75.00—$13.15$13.70334
11,630$4.50$4.7562.28%$76.00—$13.80$14.455834
311,487$3.95$4.2562.24%$78.00—$15.25$15.904360
29,942$3.40$3.7061.53%$80.00—$16.75$17.451,6830
62,565$3.05$3.3562.13%$82.00—$18.30$19.054090
01,018$2.67$2.8261.37%$84.00—$19.95$20.452970

Forward $66.50. The 25-delta put carries +4.10 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.