Options Skew Analytics

DLR 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 40.49%±9.78skew +7.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$28.50$32.30—$144.00—————
05$27.90$31.40—$145.00—————
016$27.20$30.10—$146.00—————
016$26.20$29.10—$147.00—————
—————$162.5048.95%$0.70$1.0501
04$9.10$11.50—$165.0046.46%$0.95$1.40140
09$8.30$8.90—$167.50—————
016$6.40$6.90—$170.0042.60%$1.95$2.50105
—————$172.5041.28%$2.75$3.40530
1042$3.30$3.9040.37%$175.00—$3.90$4.5017722
178$2.20$2.7539.40%$177.50—$5.30$5.902742
1850$1.40$1.9038.98%$180.00—$6.90$7.50427
418$0.90$1.2538.98%$182.50—$8.40$10.3060
1545$0.55$0.8539.46%$185.00—$10.20$12.9030
—————$190.00—$14.50$17.30170

Forward $174.40. The 25-delta put carries +7.48 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 38.44%±13.15skew +6.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0101$15.00$16.90—$160.0047.98%$1.20$1.756631
—————$162.5045.11%$1.50$1.95180
01$10.20$12.90—$165.0044.04%$1.85$2.603413
01$9.30$10.30—$167.5041.55%$2.35$3.0030
020$7.50$8.40—$170.0040.77%$3.10$3.809031
—————$172.5038.96%$3.80$4.7041
1265$4.80$5.4038.49%$175.00—$5.00$5.80416
023$3.60$4.2037.70%$177.50—$6.30$7.2051
038$2.65$3.3037.58%$180.00—$8.00$8.70170
01$1.85$2.4536.84%$182.50—$9.70$10.4020
57379$1.35$1.8537.11%$185.00—$11.40$12.60161
35$0.90$1.3036.52%$187.50—$13.10$15.6010
—————$190.00—$15.20$17.6060
—————$192.50—$17.40$19.9050
—————$195.00—$19.60$22.3010
—————$200.00—$24.20$27.2010

Forward $174.70. The 25-delta put carries +6.94 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 36.10%±15.14skew +5.05
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$155.0045.50%$1.05$1.40100
03$15.00$17.60—$160.0042.18%$1.45$2.10010
01$12.00$12.80—$165.0040.11%$2.40$3.1070
01$8.30$9.30—$170.0038.34%$3.80$4.6030
07$5.60$6.3036.24%$175.00—$5.60$6.70121
026$3.30$4.1035.07%$180.00—$8.50$9.5010
0321$1.90$2.6035.06%$185.00—$12.20$12.9090
017$0.95$1.5034.41%$190.00—$15.50$18.0010
0131$0.50$0.7033.63%$195.00—————
—————$200.00—$24.30$27.2010

Forward $174.80. The 25-delta put carries +5.05 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 36.42%±17.64skew +5.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$155.0043.63%$1.40$1.90510
01$15.80$18.20—$160.0041.29%$2.00$2.7550
01$12.70$13.90—$165.0039.65%$3.10$3.9040
01$9.50$10.30—$170.0037.84%$4.50$5.5020
—————$175.00—$6.60$7.60134
22$4.30$5.1035.53%$180.00—————
013$2.60$3.3034.49%$185.00—————
12$1.55$2.1534.46%$190.00—————
011$0.85$1.4034.55%$195.00—$19.80$22.8010

Forward $174.91. The 25-delta put carries +5.19 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 36.29%±21.45skew +6.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
19$93.30$95.90—$80.00—————
020$72.90$76.90—$100.00—————
—————$125.0059.19%$0.45$0.75265
06$39.20$42.20—$135.00—————
031$34.50$37.10—$140.0050.03%$1.20$1.25198,384
012$30.00$32.30—$145.0048.29%$1.35$2.051175
014$25.30$27.70—$150.0044.88%$1.85$2.351,59838
01$20.90$23.20—$155.0042.21%$2.35$3.102712
030$17.80$18.70—$160.0040.68%$3.30$4.203,4144
012$14.00$14.90—$165.0039.25%$4.70$5.501421
419$10.50$11.60—$170.0038.21%$6.50$7.301,7497
6340$7.60$8.8036.46%$175.00—$8.30$9.601451
10301$5.30$6.4035.25%$180.00—$11.60$12.30481
0214$3.60$4.6034.70%$185.00—$14.40$15.60390
8150$2.35$3.2034.22%$190.00—$18.20$19.10190
2110$1.50$2.2534.20%$195.00—$21.80$24.3070
14346$0.95$1.4033.69%$200.00—$26.20$28.6060
—————$240.00—$64.10$67.9010

Forward $174.25. The 25-delta put carries +6.46 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 34.45%±26.33skew +4.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$68.30$71.80—$105.00—————
02$63.30$66.90—$110.00—————
01$58.80$61.70—$115.00—————
02$54.00$56.60—$120.00—————
06$44.30$46.90—$130.00—————
011$39.50$42.20—$135.00—————
058$35.00$37.80—$140.0043.67%$1.50$2.152545
07$30.50$33.00—$145.0042.46%$2.10$2.801683
041$26.20$28.90—$150.0040.76%$2.70$3.601331
068$22.10$24.60—$155.0039.42%$3.60$4.603680
5112$18.90$20.70—$160.0037.98%$4.70$5.801,52548
122$14.50$17.10—$165.0036.86%$6.10$7.403050
049$11.50$13.90—$170.0035.89%$8.20$9.003582
2160$9.60$11.0034.77%$175.00—$10.00$11.503920
1589$7.30$8.5033.82%$180.00—$12.20$15.00970
0311$5.40$6.6033.32%$185.00—$15.80$17.00482
01,091$3.90$5.2033.22%$190.00—$19.10$21.50600
0349$2.85$4.0033.25%$195.00—$22.70$25.30700
21,190$2.05$2.9032.95%$200.00—$27.00$29.40410
—————$210.00—$35.50$38.30210
—————$220.00—$44.90$47.70220

Forward $174.55. The 25-delta put carries +4.73 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 35.45%±37.38skew +4.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$130.0043.61%$2.10$3.00336
—————$135.0042.33%$2.60$3.70744
02$37.30$40.10—$140.0041.61%$3.30$4.701190
—————$145.0040.85%$4.10$5.9080
01$29.30$31.90—$150.0039.53%$5.20$6.80260
—————$155.0038.34%$6.40$8.00650
02$22.20$24.60—$160.0036.91%$7.90$9.101,1620
02$18.90$21.50—$165.0037.18%$9.70$11.60550
05$15.90$18.40—$170.0036.64%$11.90$13.60132
521$13.90$15.6036.00%$175.00—$14.10$16.00233
012$11.50$13.2035.29%$180.00—$16.50$18.6030
032$9.40$11.2034.83%$185.00—$19.30$21.70170
025$7.60$9.4034.38%$190.00—$22.40$24.90110
052$6.20$7.9034.24%$195.00—$25.70$28.4020
079$5.00$6.7034.24%$200.00—$29.60$32.10520
066$3.10$4.8034.17%$210.00—————
025$2.00$3.3034.26%$220.00—$46.10$48.80160
235$1.20$1.6532.59%$230.00—$55.30$58.0010
122$0.70$1.0532.49%$240.00—————

Forward $174.70. The 25-delta put carries +4.17 volatility points over the 25-delta call.

2027-04-16(161 days)ATM 34.89%±40.49skew +5.23
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$69.10$71.80—$105.00—————
—————$120.0044.40%$1.70$2.303813
—————$130.0042.15%$2.75$3.40391
01$38.00$40.90—$140.0040.74%$4.00$5.602,5030
—————$150.0038.77%$6.00$7.90100
—————$155.0037.87%$7.30$9.3060
—————$160.0037.25%$8.90$11.009010
03$20.10$22.60—$165.0036.50%$10.70$12.80162
02$17.20$19.80—$170.0035.59%$12.80$14.60210
6043$14.60$17.0035.09%$175.00—$15.20$16.9071
05$12.70$14.5034.86%$180.00—$17.40$19.7010
06$10.60$12.6034.57%$185.00—$20.30$23.00130
02$8.80$10.8034.24%$190.00—$23.40$26.1060
01$7.30$9.2034.00%$195.00—————
06$6.00$7.8033.77%$200.00—————
011$4.00$5.6033.54%$210.00—————
05$2.65$4.1033.68%$220.00—————
5157$1.75$2.3532.54%$230.00—————
14$0.65$1.0532.20%$250.00—————

Forward $174.75. The 25-delta put carries +5.23 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.