Options Skew Analytics

DAL 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 43.90%±3.35skew +1.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
120$9.20$11.90—$73.00—————
138$8.55$10.95—$74.00—————
1319$7.35$9.55—$75.0058.05%$0.01$0.03285258
317$6.60$9.00—$76.0053.96%$0.01$0.0437527
4226$5.70$7.40—$77.0053.74%$0.02$0.081,08651
8236$4.65$6.45—$78.0048.88%$0.05$0.07299150
7129$5.10$5.50—$79.0046.98%$0.09$0.11514246
64594$4.20$4.55—$80.0045.83%$0.15$0.20359179
1121,668$3.30$3.65—$81.0045.16%$0.29$0.32267284
5307,901$2.63$2.88—$82.0045.32%$0.49$0.5690586
600794$1.93$2.10—$83.0044.31%$0.77$0.8560995
7666,574$1.39$1.52—$84.0043.78%$1.15$1.2835168
1,4121,100$0.97$1.0644.49%$85.00—$1.65$1.828511
5,4055,272$0.66$0.7145.21%$86.00—$2.32$3.60123
10,049157$0.35$0.4744.25%$87.00—$3.05$4.602311
97257$0.21$0.2844.40%$88.00—$3.90$5.60906
8789$0.10$0.1643.76%$89.00—$4.80$7.05110
218346$0.06$0.1045.18%$90.00—$5.75$8.00330
—————$92.00—$7.70$9.9502
1354$0.01$0.0654.05%$93.00—————
995$0.01$0.0358.84%$95.00—————

Forward $84.24. The 25-delta put carries +1.07 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 41.40%±5.78skew +0.75
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
13$10.80$13.05—$72.00—————
02$9.55$11.65—$73.00—————
01$8.50$11.40—$74.00—————
219$7.85$10.10—$75.00—————
159$7.10$8.60—$76.00—————
576$5.90$7.85—$77.00—————
292$5.20$6.75—$78.00—————
052$4.10$5.90—$79.0041.49%$0.43$0.617423
42649$4.00$5.10—$80.0041.93%$0.65$0.84452328
76160$3.55$4.35—$81.0041.70%$0.90$1.105314
9241,181$3.35$3.60—$82.0041.59%$1.22$1.429159
447853$2.86$3.00—$83.0041.57%$1.61$1.812089
321971$2.34$2.55—$84.0041.49%$2.06$2.27377
1,213780$1.88$2.0541.32%$85.00—$2.51$2.794759
828151$1.48$1.6541.38%$86.00—$3.20$4.605397
81103$1.14$1.3241.47%$87.00—————
18116$0.85$1.0040.95%$88.00—$4.00$5.70500
42101$0.50$0.7038.48%$89.00—————
—————$90.00—$5.30$8.301010
—————$91.00—$6.80$9.1510
—————$92.00—$7.70$10.1005

Forward $84.28. The 25-delta put carries +0.75 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 50.91%±9.27skew +2.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
14$10.00$11.95—$73.00—————
02$9.20$11.10—$74.00—————
310$8.35$10.25—$75.0052.53%$0.62$0.779930
4112$7.50$9.55—$76.0052.02%$0.78$0.9212521
14116$6.80$8.55—$77.0052.09%$0.99$1.1314811
12120$6.10$7.75—$78.0050.86%$1.11$1.3629211
093$5.40$7.10—$79.0051.49%$1.45$1.6419143
18238$5.15$6.35—$80.0051.73%$1.80$1.9530719
8155$5.20$5.70—$81.0051.32%$2.10$2.3132424
59632$4.80$5.10—$82.0051.36%$2.51$2.704686
66125$4.30$4.55—$83.0051.63%$2.98$3.155137
18065$3.75$4.00—$84.0050.95%$3.40$3.6041394
285772$3.30$3.5050.91%$85.00—$3.90$4.156058
7236$2.89$3.1051.25%$86.00—$4.40$4.80687
18199$2.49$2.6750.88%$87.00—$5.00$5.355096
16679$2.14$2.3150.80%$88.00—$5.60$6.00635
3029$1.78$1.9950.37%$89.00—$6.30$7.8508
3256$1.48$1.6849.89%$90.00—————
3116$1.09$1.4448.61%$91.00—————
77$0.76$1.2047.09%$92.00—————
69$0.90$1.0150.02%$93.00—————

Forward $84.38. The 25-delta put carries +2.88 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 49.21%±10.61skew +1.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2222$8.75$10.40—$75.0049.63%$0.85$1.191,611209
01$7.85$10.15—$76.0047.89%$0.99$1.28338
01$7.00$8.80—$77.0048.83%$1.14$1.73141
28452$7.25$8.40—$77.5048.84%$1.41$1.7362336
—————$78.0049.22%$1.52$1.96122
16$5.85$7.40—$79.0049.21%$1.70$2.4136
5313,738$6.15$6.60—$80.0049.19%$2.09$2.722,590156
14167$4.75$6.10—$81.0049.63%$2.46$3.201410
7059$4.95$5.50—$82.0050.14%$2.95$3.652029
2651,589$4.45$5.25—$82.5047.41%$3.00$3.601,163379
30610$4.20$4.95—$83.0049.65%$3.35$4.100231
3739$3.90$4.45—$84.0048.44%$3.70$4.55537
1,62511,799$3.70$3.9049.39%$85.00—$4.30$5.2547010
965$2.96$3.5547.93%$86.00—$4.80$5.85223
1,6817$2.97$3.1550.17%$87.00—————
93555,280$2.50$2.9048.00%$87.50—$5.95$6.806444
8822$2.48$2.8549.65%$88.00—$5.95$7.15820
518$1.85$2.3446.47%$89.00—$6.70$8.35022
1,0983,528$1.89$2.0048.17%$90.00—$7.40$8.657220
4817$1.46$1.8547.67%$91.00—$8.10$9.70046
29577$1.20$1.5048.00%$92.50—$8.70$10.951180

Forward $84.05. The 25-delta put carries +1.22 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 45.33%±11.10skew +0.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$74.0046.54%$0.82$1.17211
14$8.70$10.70—$75.0047.08%$1.06$1.411238
—————$76.0046.55%$1.27$1.6040
01$7.75$9.30—$77.0046.22%$1.48$1.8761
06$6.30$8.95—$78.0045.72%$1.72$2.14150
067$5.95$8.35—$79.0045.70%$2.05$2.46221
1858$5.45$7.05—$80.0046.36%$2.44$2.91243
28$5.75$6.75—$81.0045.66%$2.82$3.2060
024$4.45$6.25—$82.0044.94%$3.15$3.602524
3726$4.75$5.40—$83.00—————
804$4.00$4.75—$84.0044.71%$4.10$4.55224
1334$3.70$4.3045.54%$85.00—$4.60$5.10727
711$3.50$3.8546.54%$86.00—$5.25$6.75028
1650$2.95$3.4045.37%$87.00—$5.00$7.25210
13157$2.51$3.0544.94%$88.00—$6.10$8.05250
133$2.14$2.7244.63%$89.00—————
14209$2.00$2.3945.27%$90.00—————
27$1.67$2.1244.85%$91.00—————
266$1.37$1.8744.37%$92.00—————
120$1.30$1.6945.48%$93.00—————
3020$0.91$1.4343.60%$94.00—————

Forward $84.05. The 25-delta put carries +0.74 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 43.23%±11.75skew +2.83
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$70.0046.77%$0.50$0.72685
01$10.65$12.60—$73.00—————
—————$74.0046.34%$1.00$1.50141
04$9.05$11.30—$75.0045.85%$1.24$1.641417
—————$76.0045.15%$1.26$2.0130
—————$77.0045.13%$1.66$2.1632
04$7.05$8.70—$78.0045.55%$1.96$2.55144
—————$79.0045.33%$2.36$2.7960
222478$6.35$7.50—$80.0044.76%$2.58$3.20211
57$6.20$6.80—$81.00—————
354$5.50$6.20—$82.0045.21%$3.55$4.00780
29153$5.00$5.60—$83.0044.79%$3.95$4.45210
268118$4.65$5.10—$84.0044.07%$4.35$4.90016
2414$4.00$4.6543.25%$85.00—$4.90$5.452547
26676$3.55$4.2043.06%$86.00—$5.55$6.70122
—————$87.00—$6.15$7.7519
519$2.91$3.4043.45%$88.00—$6.75$8.054325
563$2.59$3.0543.45%$89.00—$7.45$8.65250
4578$2.31$2.7143.42%$90.00—————
258$1.99$2.4843.47%$91.00—————
318$1.06$1.4742.29%$95.00—————

Forward $84.25. The 25-delta put carries +2.83 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 43.19%±14.62skew +0.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$33.00$35.10—$50.00—————
120$27.40$30.30—$55.00—————
03$22.85$24.85—$60.00—————
06$17.85$20.30—$65.0044.92%$0.36$0.541,07089
045$13.70$15.60—$70.0043.03%$0.88$1.042,8351,990
011$11.85$13.70—$72.5043.89%$1.31$1.704170
863$10.45$11.65—$75.0042.30%$1.89$2.0631419
3281$8.40$10.00—$77.5042.94%$2.58$3.0532510
916574$7.80$8.25—$80.0042.85%$3.35$4.1588427
152693$6.60$6.85—$82.5042.69%$4.35$5.3537530
2861,250$5.35$5.5043.10%$85.00—$5.75$6.6522351
87647$4.30$4.6043.46%$87.50—$7.25$8.35650
68718,700$3.40$3.5042.43%$90.00—$8.85$9.904875
63399$2.64$2.8442.51%$92.50—$10.50$11.90834
1539,288$2.03$2.2042.21%$95.00—$12.45$12.90390
53534$1.28$1.8741.57%$97.50—$14.35$16.15130
29367$1.15$1.2641.61%$100.00—$15.70$18.0020

Forward $84.22. The 25-delta put carries +0.09 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 41.46%±17.14skew +1.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2651$28.00$30.05—$55.00—————
0197$25.60$27.65—$57.5047.67%$0.26$0.381,2351
0648$23.30$25.25—$60.0046.16%$0.38$0.491,4342
0431$20.95$23.05—$62.5044.70%$0.48$0.691,5900
0402$18.80$20.70—$65.0043.96%$0.70$0.951,3471
01,293$16.60$18.75—$67.5043.57%$0.96$1.371,6529
7963$15.65$16.35—$70.0043.43%$1.40$1.851,4920
68749$13.00$14.45—$72.5042.79%$1.96$2.336,27533
13,055$11.35$12.60—$75.0042.12%$2.59$2.962,71412
4731$9.95$10.90—$77.5042.32%$3.25$4.0588832
371,056$8.75$9.40—$80.0042.18%$4.25$5.001,782187
104794$7.70$8.00—$82.5041.92%$5.30$6.1550929
561,333$6.50$6.7541.55%$85.00—$6.50$7.4038928
63325$5.40$5.7041.39%$87.50—$7.95$8.801441
1192,071$4.45$4.6540.85%$90.00—$9.60$10.6576216
7546$3.60$3.9540.93%$92.50—$10.30$12.901930
142,722$2.95$3.1040.39%$95.00—$12.90$14.656890
4472$2.33$2.5840.33%$97.50—$14.90$16.651122
422,756$1.82$1.9539.52%$100.00—$16.25$18.50790
11,480$0.83$1.3038.14%$105.00—$21.25$23.1590
—————$110.00—$25.95$28.00360

Forward $84.67. The 25-delta put carries +1.79 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.