Options Skew Analytics

DLTR 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 40.98%±4.30skew -1.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$9.90$12.65—$105.00—————
29$9.45$11.60—$106.00—————
28$8.65$10.50—$107.00—————
08$7.10$9.95—$108.00—————
020$6.60$8.80—$109.00—————
020$5.30$7.65—$110.00—————
03$4.65$6.95—$111.0043.12%$0.24$0.3945
14$3.60$5.95—$112.0042.16%$0.37$0.55674
050$3.20$4.40—$113.0040.93%$0.54$0.76471
1030$2.64$3.35—$114.0040.49%$0.82$1.0590
—————$115.0041.91%$1.20$1.56442
2143$1.45$1.7840.94%$116.00—$1.68$1.96281
2246$1.10$1.3642.00%$117.00—$1.89$2.88532
1448$0.77$1.0041.96%$118.00—$2.93$3.70290
429$0.53$0.7542.60%$119.00—————
2499$0.37$0.5643.58%$120.00—$3.50$4.95230
—————$121.00—$5.40$5.95244
—————$122.00—$4.95$7.0566
—————$123.00—$5.45$7.8074
—————$124.00—$6.70$9.25290
—————$125.00—$7.30$9.90961

Forward $115.79. The 25-delta put carries -1.67 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 36.82%±7.07skew +0.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$11.90$13.60—$104.00—————
02$10.60$13.00—$105.00—————
—————$110.0037.18%$0.65$0.848310
—————$112.0036.42%$1.08$1.3010
030$4.05$5.70—$113.0036.70%$1.42$1.6392
32$3.50$5.30—$114.0036.82%$1.80$2.0120
19$3.00$4.25—$115.0036.67%$2.21$2.43290
078$2.60$3.05—$116.0036.89%$2.69$2.95125
208$2.17$2.4736.30%$117.00—$3.05$3.60280
647$1.79$2.1537.02%$118.00—$3.10$4.25180
1510$1.44$1.8137.12%$119.00—————
022$1.14$1.5137.18%$120.00—$4.05$5.90710
04$0.87$1.1436.17%$121.00—$4.80$6.95210
30$0.69$0.9236.37%$122.00—$5.50$7.25260
08$0.54$0.7636.77%$123.00—$6.15$8.15190
—————$124.00—$6.95$9.10130
—————$125.00—$7.60$10.45105
—————$126.00—$8.80$11.05100
—————$127.00—$9.35$12.00120
—————$128.00—$10.50$13.1590
—————$129.00—$11.65$14.20120

Forward $116.01. The 25-delta put carries +0.25 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 36.08%±9.05skew -1.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$108.0037.19%$0.80$0.9871
—————$109.0036.63%$0.93$1.1911
03$6.70$8.60—$110.0036.70%$1.20$1.4140
—————$111.0035.28%$1.25$1.6830
—————$112.0036.26%$1.73$1.991250
—————$113.0036.42%$2.10$2.3601
07$4.50$5.45—$114.00—————
2018$3.60$5.05—$115.0036.46%$2.95$3.20146
614$3.45$3.95—$116.0036.34%$3.40$3.7002
22$2.97$3.4035.87%$117.00—$3.75$4.25119
19$2.56$2.9936.02%$118.00—$4.50$4.90251
02$2.17$2.6536.21%$119.00—$5.15$5.40110
638$1.84$2.3136.30%$120.00—$5.45$6.45180
4215$1.57$1.9936.41%$121.00—————
121$1.15$1.7435.63%$122.00—$6.15$8.4060
012$1.05$1.5436.68%$123.00—$6.60$8.35200
—————$124.00—$7.20$9.4020
13996$0.69$1.1036.48%$125.00—$7.85$10.3020
—————$126.00—$8.90$11.2010
—————$127.00—$9.80$12.1520
—————$128.00—$11.15$13.0050

Forward $116.15. The 25-delta put carries -1.40 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 34.60%±10.33skew +1.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$20.35$23.05—$95.00—————
—————$104.0038.68%$0.54$0.8510
—————$105.0036.82%$0.61$0.84785
—————$106.0035.94%$0.62$1.03100
—————$107.0036.56%$0.94$1.1605
053$7.50$9.10—$110.0036.16%$1.62$1.856162
—————$112.0035.69%$2.14$2.5101
01$5.55$7.10—$113.0035.14%$2.37$2.9001
27148$4.40$5.45—$115.0035.49%$3.30$3.7522029
564$3.95$5.30—$116.00—————
018$3.45$4.2034.57%$117.00—————
02$3.00$3.7534.48%$118.00—————
12$2.58$3.3534.41%$119.00—————
2145$2.33$2.9734.86%$120.00—$5.35$6.75877
44$2.01$2.6635.01%$121.00—————
01$1.74$2.3435.06%$122.00—————
124$1.45$2.0734.96%$123.00—————
6483$1.05$1.6035.15%$125.00—$8.65$10.658580
50$0.91$1.4535.68%$126.00—————
10$0.76$1.2635.67%$127.00—————
—————$130.00—$12.70$15.401490

Forward $116.40. The 25-delta put carries +1.01 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 34.77%±11.81skew +1.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
09$11.70$13.90—$105.00—————
—————$106.0037.26%$1.09$1.4501
—————$109.0036.88%$1.68$2.2540
—————$110.0037.15%$1.98$2.61276
—————$111.0036.18%$2.22$2.8010
01$6.00$7.95—$113.0035.32%$2.79$3.50100
410$5.30$6.40—$114.0036.37%$3.35$4.0501
01$4.15$6.50—$115.0036.16%$3.80$4.4541
01$4.20$5.85—$116.0035.33%$4.10$4.9080
02$3.55$4.4534.59%$118.00—$4.70$6.20100
—————$120.00—$5.75$7.4520
01$2.45$3.3034.73%$121.00—————
01$2.19$3.1035.45%$122.00—$6.95$8.7010
01$1.68$2.6633.96%$123.00—————
01$1.66$2.3934.97%$124.00—————
—————$125.00—$9.15$11.2020
06$1.26$1.9235.19%$126.00—————
—————$127.00—$10.30$12.7060
—————$128.00—$11.30$13.7560
—————$129.00—$12.10$14.6030
—————$130.00—$12.95$15.6030

Forward $116.53. The 25-delta put carries +1.68 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 34.29%±12.90skew +0.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
20$12.85$14.05—$104.00—————
—————$105.0037.01%$1.20$1.5443
—————$106.0036.60%$1.33$1.7620
—————$107.0036.35%$1.34$2.1720
—————$110.0036.72%$2.37$2.9610
—————$112.0036.66%$3.05$3.7001
—————$113.0036.13%$3.35$4.05140
02$5.25$7.10—$115.0035.87%$4.25$4.8550
10$4.55$5.3534.28%$117.00—————
—————$118.00—$5.15$6.4510
—————$119.00—$5.70$7.2520
110$3.25$4.2534.69%$120.00—————
03$2.95$4.0035.29%$121.00—————
10$2.33$3.2034.85%$123.00—————
11$1.83$2.6334.93%$125.00—$9.50$11.3505
12$1.65$2.4035.21%$126.00—————
03$1.42$2.2535.46%$127.00—————

Forward $116.63. The 25-delta put carries +0.89 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 35.60%±16.70skew +1.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$64.20$68.15—$50.00—————
04$54.25$57.75—$60.00—————
01$49.80$53.25—$65.00—————
01$34.60$38.45—$80.00—————
01$29.85$32.85—$85.00—————
01$25.70$28.80—$90.00—————
043$21.55$24.20—$95.00—————
046$16.95$19.55—$100.0037.94%$1.12$1.5521510
08$12.95$15.50—$105.0036.80%$2.17$2.383844
08$9.75$12.30—$110.0036.06%$3.60$3.852205
2645$7.25$7.65—$115.0035.75%$5.65$5.9536851
2104$4.95$5.3535.45%$120.00—$8.30$8.652192
10787$3.15$3.4534.51%$125.00—$10.50$12.151250
2218$2.03$2.3134.93%$130.00—$14.15$16.05310
3168$1.06$1.4734.19%$135.00—$18.10$20.40130
—————$140.00—$22.45$25.35140

Forward $116.66. The 25-delta put carries +1.87 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 40.75%±23.35skew +3.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$54.80$58.45—$60.00—————
023$49.90$53.60—$65.00—————
09$45.60$48.70—$70.00—————
014$40.95$43.85—$75.00—————
015$36.30$38.80—$80.00—————
0176$31.85$34.20—$85.00—————
0224$27.10$29.90—$90.0043.27%$0.94$1.2028616
024$22.80$25.55—$95.0043.16%$1.62$2.024282
018$18.90$20.80—$100.0042.36%$2.67$2.9018120
017$15.40$17.35—$105.0041.94%$4.00$4.303233
076$12.40$14.05—$110.0041.49%$5.75$6.05840
271$9.85$10.95—$115.0041.09%$7.90$8.252010
0121$7.50$8.6040.72%$120.00—$10.15$10.954223
082$5.60$6.1539.31%$125.00—$12.55$14.151150
9787$4.15$4.5539.09%$130.00—$16.10$17.95820
0547$2.94$3.4038.94%$135.00—$19.65$21.85430
11,057$2.10$2.4438.79%$140.00—$23.85$26.05390
0302$1.42$1.8939.07%$145.00—$28.20$30.55180
078$0.92$1.4038.99%$150.00—$32.70$35.0510
1240$0.68$0.9939.27%$155.00—————
0188$0.46$0.7439.57%$160.00—————

Forward $117.35. The 25-delta put carries +3.00 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.