Options Skew Analytics

DOW 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 40.67%±1.77skew +1.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
70$13.40$15.60—$18.00—————
01$11.15$13.10—$20.00—————
01$5.40$7.60—$25.50—————
1020$5.40$5.85—$26.00—————
01$4.35$6.15—$27.00—————
039$3.35$5.15—$28.00—————
12142$2.49$2.98—$29.00—————
91$2.01$2.47—$29.50—————
1108$1.64$1.91—$30.0042.05%$0.17$0.23258272
04$1.27$1.36—$30.5041.97%$0.27$0.384036
68209$0.92$1.03—$31.0040.79%$0.42$0.54274162
17810$0.66$0.76—$31.5040.69%$0.64$0.77295146
180678$0.44$0.5440.51%$32.00—$0.92$1.04458151
121131$0.29$0.3540.14%$32.50—$1.26$1.39210389
231292$0.18$0.2340.33%$33.00—$1.48$2.301718
79143$0.12$0.1340.38%$33.50—————
403368$0.08$0.1143.31%$34.00—————
2531$0.03$0.0843.13%$34.50—————
271,937$0.01$0.0644.09%$35.00—$2.60$3.70551
—————$36.00—$3.75$5.1021

Forward $31.51. The 25-delta put carries +1.64 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 38.98%±2.41skew +0.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$8.30$10.65—$22.50—————
086$6.35$8.15—$25.0061.74%$0.01$0.062,14151
—————$26.5047.11%$0.01$0.05306
38329$4.00$4.40—$27.50—————
012$3.45$5.20—$28.0042.06%$0.05$0.11473
2531$2.60$4.25—$29.0041.15%$0.16$0.217012
3030$2.12$3.05—$29.5038.91%$0.20$0.281853
3310,478$1.86$1.99—$30.00—————
10165$1.51$1.65—$30.5040.64%$0.47$0.621,3390
49453$1.20$1.34—$31.0041.53%$0.69$0.83610219
11513$0.90$1.07—$31.5038.93%$0.88$0.9812913
55247$0.69$0.8539.38%$32.00—$1.16$1.3021718
296,735$0.56$0.6640.54%$32.50—$1.46$1.651,9892
121,765$0.37$0.4638.56%$33.00—$1.85$2.017511
15241$0.27$0.3739.70%$33.50—————
201,975$0.20$0.2338.86%$34.00—————
843,918$0.10$0.1440.67%$35.00—$3.00$3.751401
32289$0.05$0.0842.14%$36.00—$3.85$4.90201
—————$37.00—$4.55$6.50750
342,517$0.02$0.0445.33%$37.50—$5.25$7.0030
02,037$0.01$0.0558.95%$40.00—————

Forward $31.56. The 25-delta put carries +0.94 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 38.18%±2.89skew -0.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
558$3.50$4.25—$28.0039.71%$0.13$0.151,0410
55178$2.00$2.17—$30.0038.45%$0.45$0.5812311
161$1.33$1.54—$31.0037.03%$0.79$0.9072718
8665$0.89$1.0438.49%$32.00—$1.29$1.50320
3241$0.55$0.6438.08%$33.00—$1.97$2.10195
9176$0.31$0.4238.70%$34.00—$2.56$2.91190
5795$0.17$0.2338.33%$35.00—————
415221$0.10$0.1439.47%$36.00—————
287144$0.03$0.0838.51%$37.00—————

Forward $31.57. The 25-delta put carries -0.25 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 38.68%±3.36skew +0.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$26.0043.74%$0.07$0.111314
—————$27.0041.87%$0.13$0.1848
—————$28.0040.56%$0.24$0.302100
234$2.76$2.99—$29.0040.08%$0.41$0.534830
11$2.04$2.26—$30.0039.80%$0.69$0.8549386
118$1.44$1.64—$31.0039.23%$1.11$1.234432
8535$0.94$1.1638.42%$32.00—$1.64$1.8434493
25155$0.66$0.7638.72%$33.00—$2.34$2.55910
9161$0.40$0.5639.55%$34.00—$3.10$3.354965
1469$0.23$0.3639.25%$35.00—————
0570$0.15$0.2540.54%$36.00—————

Forward $31.37. The 25-delta put carries +0.52 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 39.73%±3.85skew +1.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$8.85$11.65—$22.00—————
—————$28.0040.55%$0.32$0.4330
44$2.21$2.37—$30.0038.95%$0.81$0.9950
10$1.58$1.79—$31.0039.51%$1.22$1.4911917
03$1.16$1.3239.81%$32.00—$1.80$2.059778
140$0.80$0.9639.78%$33.00—$2.45$2.70520
2631$0.53$0.6639.38%$34.00—$3.20$3.4510
5643$0.35$0.4238.91%$35.00—————

Forward $31.33. The 25-delta put carries +1.17 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 38.72%±4.12skew +2.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
025$15.25$18.65—$15.00—————
01,364$13.10$16.15—$17.50—————
01,439$10.80$13.15—$20.0058.56%$0.01$0.033,1091,002
1322$8.30$10.65—$22.50—————
1684$6.50$7.25—$25.0043.02%$0.08$0.132,8440
131,300$4.20$4.40—$27.5040.41%$0.33$0.391,491496
534,216$2.29$2.48—$30.0039.35%$0.91$1.1612,865125
804,286$1.04$1.2538.36%$32.50—$2.20$2.351,16310
935,538$0.41$0.4636.98%$35.00—$3.90$4.201,1870
245,448$0.15$0.1938.22%$37.50—$6.25$6.508490
62,598$0.06$0.1241.99%$40.00—$8.50$8.901,65410
—————$42.50—$10.55$11.454270
—————$45.00—$12.40$14.854910
—————$50.00—$17.40$19.8550

Forward $31.36. The 25-delta put carries +2.36 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 38.49%±7.31skew +2.05
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$15.55$18.15—$15.00—————
046$11.30$12.35—$20.00—————
041$8.80$10.00—$22.50—————
72176$7.00$7.45—$25.0041.73%$0.66$0.705,68311
10694$5.10$5.45—$27.5040.51%$1.27$1.311,81342
11,131$3.55$3.85—$30.0040.06%$2.03$2.472,8810
301,159$2.33$2.5238.44%$32.50—$3.30$3.607900
1783,797$1.52$1.6138.06%$35.00—$5.00$5.402390
71,471$0.81$1.2238.47%$37.50—$6.95$7.253260
33,610$0.54$0.7238.46%$40.00—$7.95$10.251181
—————$42.50—$10.20$12.35520
—————$45.00—$12.85$13.95610
—————$50.00—$18.00$19.40840

Forward $31.46. The 25-delta put carries +2.05 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 39.97%±9.86skew +1.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$13.40$15.70—$17.50—————
029$11.15$12.40—$20.00—————
056$8.45$11.10—$22.5043.05%$0.55$0.881,1751
035$6.55$9.10—$25.0040.92%$1.09$1.282,8681
0148$5.80$6.25—$27.5040.29%$1.83$2.091,552123
51,042$4.35$4.85—$30.0040.79%$2.78$3.406,6040
12459$3.15$3.7540.19%$32.50—$4.05$4.702690
31,709$2.21$2.8139.41%$35.00—$5.65$6.252990
51,341$1.57$2.1139.36%$37.50—$7.50$8.00170
24608$1.22$1.3838.89%$40.00—$9.50$9.90490
3124$0.86$0.9938.79%$42.50—$10.50$12.90110
—————$45.00—$12.75$14.9510
—————$47.50—$15.05$17.4540

Forward $31.55. The 25-delta put carries +1.40 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.