Options Skew Analytics

CVS 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 33.04%±3.83skew +1.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$12.80$14.95—$70.00—————
01$8.85$10.75—$74.00—————
06$7.85$9.75—$75.00—————
01$6.90$9.00—$76.0036.88%$0.03$0.0623511
21$6.05$7.80—$77.00—————
1240$5.35$6.55—$78.0035.40%$0.10$0.1699704
5164$4.55$5.80—$79.0034.56%$0.16$0.26227196
133514$3.70$4.45—$80.0033.16%$0.26$0.3728159
85249$3.25$3.45—$81.0033.68%$0.50$0.57403221
28250$2.55$2.68—$82.0032.75%$0.71$0.8614980
143698$1.82$2.09—$83.0034.87%$1.08$1.44183129
1,204549$1.28$1.5132.81%$84.00—$1.55$1.756948
243281$0.86$1.0732.42%$85.00—$2.11$2.3168858
9355$0.55$0.7532.40%$86.00—$2.76$2.95950
9457$0.39$0.5233.43%$87.00—$3.50$4.101232
—————$88.00—$4.15$4.958018
—————$89.00—$4.60$6.10472
—————$90.00—$5.55$7.30860
—————$91.00—$6.60$7.90414
—————$92.00—$7.30$8.90110
—————$94.00—$9.20$11.2522

Forward $83.74. The 25-delta put carries +1.27 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 32.26%±5.29skew +1.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2037$8.00$9.85—$75.0035.53%$0.10$0.1683320
155$6.00$7.35—$77.5033.60%$0.27$0.3493315
1651,132$4.15$4.95—$80.0033.24%$0.63$0.866,967158
760$3.70$4.05—$81.0032.98%$0.87$1.159611
47252$3.00$3.35—$82.0031.50%$1.05$1.4841110
56370$2.43$2.98—$82.5033.62%$1.41$1.7891638
7177$2.38$2.74—$83.0032.41%$1.64$1.831,04434
115138$1.87$2.1532.26%$84.00—$2.09$2.344595
653680$1.44$1.7132.25%$85.00—$2.60$2.903,23425
29945$1.07$1.3231.96%$86.00—$3.15$3.552200
913$0.74$1.0732.05%$87.00—$3.90$4.20703
15593$0.63$0.8531.28%$87.50—$4.25$4.8065355
2427$0.52$0.8131.95%$88.00—$4.05$5.801,0410
10108$0.39$0.6132.38%$89.00—$5.00$6.60850
7821,676$0.28$0.3531.16%$90.00—$6.05$7.051,511443
31260$0.19$0.3032.17%$91.00—$6.70$8.25620
—————$92.00—$7.40$9.30600
142,024$0.11$0.1531.74%$92.50—$8.05$9.753712
—————$93.00—$8.35$10.15400
—————$94.00—$9.40$11.20170
—————$95.00—$10.60$12.002085

Forward $83.79. The 25-delta put carries +1.96 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 30.79%±6.19skew +1.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$22.30$25.65—$60.00—————
11$12.40$15.70—$70.00—————
—————$77.0031.97%$0.32$0.513041
—————$78.0032.13%$0.44$0.731122
01$4.70$6.80—$79.0031.39%$0.60$0.90282
315$3.90$5.95—$80.0031.43%$0.85$1.161023
413$4.00$4.40—$81.0030.97%$1.16$1.40302
2577$3.35$3.70—$82.0031.09%$1.54$1.776520
13$2.74$3.20—$83.0030.28%$1.78$2.26240
52$2.09$2.6730.76%$84.00—$2.40$2.70354
51101$1.73$2.2131.16%$85.00—$2.81$3.30291
24$1.41$1.8631.76%$86.00—$3.40$3.90230
44$1.03$1.4630.87%$87.00—$4.20$4.55122
441$0.83$1.0630.40%$88.00—$4.70$5.50340
39$0.58$0.8630.27%$89.00—$5.60$6.15451
448$0.48$0.6630.73%$90.00—$5.85$7.6580
—————$91.00—$6.65$8.50110
—————$92.00—$7.55$9.50120
—————$93.00—$8.40$10.3020
—————$94.00—$9.40$11.3510
—————$98.00—$12.55$16.4011

Forward $83.83. The 25-delta put carries +1.04 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 30.08%±6.99skew +0.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$32.35$35.70—$50.00—————
—————$69.0036.59%$0.05$0.1106
01$13.05$15.40—$70.00—————
01$7.50$9.85—$76.00—————
—————$77.0031.52%$0.51$0.71145
02$5.75$8.15—$78.0030.88%$0.66$0.87816
02$4.95$6.95—$79.0030.48%$0.84$1.10152
107$5.10$5.35—$80.0030.06%$1.07$1.364323
288$4.00$5.05—$81.0029.98%$1.37$1.707214
630$3.70$4.25—$82.0029.80%$1.76$2.04130
1230$3.10$3.45—$83.0030.05%$2.20$2.5230
15$2.42$2.9930.10%$84.00—$2.57$3.15141
577$2.09$2.3729.77%$85.00—$3.05$3.4534
1012$1.68$2.1030.32%$86.00—$3.70$4.05100
1115$1.39$1.7430.49%$87.00—$4.25$5.15110
09$1.09$1.6031.37%$88.00—$5.10$5.6070
213$0.85$1.1329.99%$89.00—$5.25$7.0040
—————$90.00—$6.10$7.85660
6727$0.52$0.7830.52%$91.00—$6.75$8.6540
—————$92.00—$7.55$9.5060
—————$93.00—$8.55$10.354010

Forward $83.84. The 25-delta put carries +0.07 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 30.88%±8.04skew +3.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$37.35$40.70—$45.00—————
0—$32.45$35.75—$50.00—————
10$12.15$15.10—$71.00—————
—————$76.0033.16%$0.60$0.8021
14$7.15$9.00—$77.00—————
01$5.90$8.00—$78.0032.50%$0.83$1.31200
713$5.75$7.35—$79.00—————
05$5.40$6.10—$80.0031.58%$1.27$1.8472
—————$81.0031.80%$1.63$2.21390
03$4.05$4.65—$82.0030.86%$1.99$2.4530
50150$3.45$3.95—$83.0030.19%$2.32$2.8613
03$2.80$3.60—$84.0030.51%$2.87$3.3520
184$2.47$3.1531.18%$85.00—$3.40$4.00130
40$1.73$2.2730.84%$87.00—$4.45$5.2010
43$1.41$1.7829.94%$88.00—$5.30$5.9010
715$0.88$1.1829.26%$90.00—$6.15$8.15110
—————$92.00—$7.70$9.9010

Forward $84.09. The 25-delta put carries +3.25 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 29.41%±8.39skew +0.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$27.45$30.80—$55.00—————
03$25.00$28.35—$57.50—————
511$23.30$25.20—$60.00—————
04$20.05$23.40—$62.50—————
07$17.60$20.95—$65.00—————
23$15.75$17.65—$67.50—————
3924$13.75$15.20—$70.0035.05%$0.21$0.271,03711
4852$11.50$12.50—$72.5032.92%$0.32$0.4275629
271,756$9.25$10.25—$75.0032.06%$0.59$0.701,504132
6324$7.40$7.90—$77.5030.70%$0.93$1.1335450
172611$5.70$5.95—$80.0029.83%$1.61$1.681,024174
126997$4.05$4.30—$82.5029.69%$2.44$2.7470870
156502$2.78$3.0529.33%$85.00—$3.65$3.951,01545
54282$1.80$2.0028.72%$87.50—$5.20$5.651,47123
2001,260$1.18$1.3329.15%$90.00—$7.00$7.607113
471,761$0.68$0.8428.92%$92.50—$8.55$9.701,3523
573,589$0.41$0.5629.55%$95.00—$10.90$12.0530524
321,114$0.26$0.4230.92%$97.50—$13.00$14.851440
642,288$0.15$0.2230.52%$100.00—$15.55$17.451,3780
—————$105.00—$20.10$22.701860
—————$110.00—$25.10$27.851060

Forward $84.11. The 25-delta put carries +0.68 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 29.27%±10.80skew +1.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01,239$28.70$29.55—$55.00—————
0185$25.75$28.40—$57.50—————
0736$23.20$25.95—$60.00—————
01,834$20.95$22.85—$62.50—————
02,503$18.50$20.35—$65.00—————
1571$16.15$18.05—$67.50—————
16,611$14.35$15.65—$70.0032.20%$0.40$0.545,1335
0375$12.10$13.60—$72.5031.31%$0.64$0.827012
132,574$10.00$11.15—$75.0030.69%$1.01$1.242,49437
32736$8.45$9.15—$77.5029.88%$1.55$1.751,23618
944,496$6.65$7.35—$80.0029.46%$2.30$2.506,43229
231,364$5.10$5.55—$82.5028.94%$3.20$3.5097224
642,739$3.80$4.1029.27%$85.00—$4.35$4.951,34428
281,168$2.73$2.9828.62%$87.50—$5.85$6.251,4771
315,093$1.94$2.1428.42%$90.00—$7.45$8.102,4751
231,095$1.32$1.5328.31%$92.50—$9.30$10.059912
451,597$0.94$1.0528.47%$95.00—$11.55$12.2083040
43950$0.62$0.7228.45%$97.50—$13.30$15.008330
333,586$0.39$0.5228.65%$100.00—$15.55$17.355160
352,130$0.17$0.2228.82%$105.00—$19.80$22.301980
234,419$0.08$0.1230.04%$110.00—$24.70$27.8541

Forward $84.29. The 25-delta put carries +1.57 volatility points over the 25-delta call.

2027-02-19(105 days)ATM 32.39%±14.63skew +2.05
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$35.30$38.20—$47.50—————
0—$32.65$36.00—$50.00—————
0—$27.75$31.15—$55.00—————
01$23.50$25.50—$60.00—————
01$18.80$20.70—$65.0035.63%$0.45$0.6845927
56$14.85$15.75—$70.00—————
—————$72.5034.04%$1.51$1.76123
019$10.85$12.05—$75.0033.34%$2.05$2.3319310
—————$77.5033.06%$2.78$3.1031377
11363$7.65$8.45—$80.0032.78%$3.70$4.0020238
1078$6.30$6.90—$82.5032.51%$4.75$5.104656
7155$5.10$5.7032.42%$85.00—$6.00$6.4027726
78$4.00$4.7032.22%$87.50—$7.15$8.75582
412,438$3.20$3.5531.54%$90.00—$8.75$9.651215
854$2.44$3.0532.05%$92.50—$10.55$11.751940
18592$1.90$2.1931.29%$95.00—$12.60$13.35296
21237$1.40$1.6831.00%$97.50—$14.25$15.95130
17165$1.13$1.3031.38%$100.00—$16.20$18.0580
8233$0.53$0.8231.18%$105.00—$20.70$22.551060
—————$110.00—$25.30$27.3590
14469$0.20$0.3332.90%$115.00—————

Forward $84.19. The 25-delta put carries +2.05 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.