DRAM option chain

Strikes around the forward, as they were quoted at the close

Data as of 9 November 2026 (end of day)

2026-11-11(2 days)ATM 86.41%±2.68skew +12.01

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
13	4	$4.40	$5.45	—	$37.00	112.91%	$0.08	$0.11	117	577
13	15	$4.00	$4.85	—	$37.50	109.28%	$0.10	$0.14	243	323
15	16	$3.60	$4.45	—	$38.00	106.28%	$0.14	$0.17	372	225
1	44	$3.45	$3.95	—	$38.50	103.34%	$0.19	$0.21	257	227
85	115	$3.10	$3.40	—	$39.00	99.43%	$0.24	$0.26	294	346
29	475	$2.34	$3.10	—	$39.50	96.37%	$0.30	$0.34	218	174
383	310	$1.96	$2.62	—	$40.00	92.99%	$0.39	$0.42	570	367
117	225	$1.96	$2.09	—	$40.50	98.87%	$0.49	$0.73	273	109
743	1,377	$1.61	$1.78	—	$41.00	88.59%	$0.64	$0.70	147	1,063
2,022	136	$1.29	$1.51	—	$41.50	87.39%	$0.83	$0.89	78	45
2,101	136	$1.01	$1.10	86.53%	$42.00	—	$1.06	$1.12	70	789
438	220	$0.79	$0.84	85.11%	$42.50	—	$1.31	$1.40	30	4
3,031	415	$0.59	$0.65	84.36%	$43.00	—	$1.61	$1.85	126	83
489	176	$0.44	$0.47	83.13%	$43.50	—	$1.91	$2.09	19	3
10,313	130	$0.30	$0.33	80.98%	$44.00	—	$1.96	$3.10	60	4
442	82	$0.21	$0.25	81.65%	$44.50	—	$2.45	$3.75	18	0
4,628	149	$0.14	$0.17	80.69%	$45.00	—	$2.90	$3.65	122	10
354	66	$0.09	$0.13	81.51%	$45.50	—	$3.35	$4.35	51	2
220	37	$0.06	$0.07	79.25%	$46.00	—	$3.65	$4.60	13	2
14	97	$0.03	$0.05	78.54%	$46.50	—	$4.25	$5.65	34	0
131	83	$0.01	$0.03	75.76%	$47.00	—	$4.65	$5.70	38	3

Forward $41.96. The 25-delta put carries +12.01 volatility points over the 25-delta call.

2026-11-13(4 days)ATM 85.31%±3.75skew +17.57

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
12	7	$4.80	$5.65	—	$37.00	103.90%	$0.24	$0.28	240	39
0	2	$4.25	$5.10	—	$37.50	101.37%	$0.29	$0.33	183	135
0	69	$3.70	$4.70	—	$38.00	97.97%	$0.35	$0.37	392	295
26	39	$3.35	$4.95	—	$38.50	96.86%	$0.43	$0.46	384	73
199	304	$2.95	$3.80	—	$39.00	94.53%	$0.51	$0.55	521	401
1,962	115	$2.97	$3.20	—	$39.50	98.61%	$0.61	$0.83	548	89
994	3,430	$2.71	$2.98	—	$40.00	90.82%	$0.74	$0.78	2,405	257
55	93	$2.29	$2.68	—	$40.50	89.99%	$0.87	$0.97	708	162
152	801	$2.02	$2.25	—	$41.00	87.49%	$1.05	$1.10	469	287
469	1,402	$1.71	$1.85	—	$41.50	85.98%	$1.24	$1.30	1,381	194
946	792	$1.43	$1.55	85.60%	$42.00	—	$1.48	$1.54	529	109
589	1,432	$1.20	$1.28	84.27%	$42.50	—	$1.71	$1.82	526	21
625	1,746	$0.98	$1.06	83.13%	$43.00	—	$1.95	$2.14	393	18
228	211	$0.80	$0.87	82.51%	$43.50	—	$2.30	$2.68	221	8
2,874	1,274	$0.64	$0.70	81.58%	$44.00	—	$2.64	$3.15	833	41
3,166	120	$0.51	$0.56	81.05%	$44.50	—	$2.73	$3.45	145	25
2,573	1,301	$0.40	$0.43	80.01%	$45.00	—	$3.20	$3.65	920	54
249	247	$0.30	$0.34	79.33%	$45.50	—	$3.50	$4.40	621	24
2,956	2,360	$0.24	$0.25	78.87%	$46.00	—	$3.95	$4.45	1,270	30
601	413	$0.17	$0.19	77.83%	$46.50	—	$4.35	$5.10	40	3
1,310	1,177	$0.13	$0.15	78.31%	$47.00	—	$4.95	$5.45	408	52

Forward $41.98. The 25-delta put carries +17.57 volatility points over the 25-delta call.

2026-11-16(7 days)ATM 73.31%±4.26skew +15.97

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	1	$3.75	$5.30	—	$37.50	—	—	—	—	—
0	1	$3.30	$5.00	—	$38.00	85.37%	$0.46	$0.60	15	25
—	—	—	—	—	$38.50	84.05%	$0.55	$0.70	6	3
11	5	$3.10	$4.00	—	$39.00	83.89%	$0.62	$0.89	31	3
14	43	$3.20	$3.45	—	$39.50	79.96%	$0.73	$0.93	17	10
12	19	$2.85	$3.10	—	$40.00	81.35%	$0.87	$1.18	19	80
18	10	$2.50	$2.73	—	$40.50	74.45%	$0.91	$1.22	9	3
11	2	$2.19	$2.50	—	$41.00	76.73%	$1.19	$1.45	3	57
3	0	$1.87	$2.12	—	$41.50	73.29%	$1.37	$1.57	0	1
27	6	$1.47	$1.87	73.06%	$42.00	—	$1.62	$1.81	6	0
24	4	$1.33	$1.60	73.97%	$42.50	—	$1.86	$2.12	1	0
408	731	$1.15	$1.37	73.91%	$43.00	—	$2.00	$2.40	4	1
20	1	$0.90	$1.18	72.18%	$43.50	—	—	—	—	—
39	15	$0.78	$0.87	69.55%	$44.00	—	$2.80	$3.10	13	3
1	6	$0.54	$0.82	69.14%	$44.50	—	$3.10	$3.35	20	0
58	108	$0.46	$0.62	67.92%	$45.00	—	$3.20	$4.15	15	24
11	6	$0.31	$0.51	66.01%	$45.50	—	$3.50	$5.05	4	0
0	4	$0.29	$0.38	66.37%	$46.00	—	$4.00	$5.10	23	0
2	8	$0.23	$0.30	66.15%	$46.50	—	—	—	—	—
—	—	—	—	—	$47.00	—	$4.85	$6.00	5	2
—	—	—	—	—	$47.50	—	$5.30	$6.75	4	0

Forward $41.95. The 25-delta put carries +15.97 volatility points over the 25-delta call.

2026-11-18(9 days)ATM 77.13%±5.09skew +13.28

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	1	$4.90	$5.95	—	$37.00	89.67%	$0.48	$0.63	7	14
0	3	$4.45	$5.50	—	$37.50	87.79%	$0.53	$0.73	6	0
0	1	$4.10	$5.15	—	$38.00	88.57%	$0.61	$0.92	32	1
3	4	$3.75	$4.65	—	$38.50	—	—	—	—	—
13	19	$3.80	$4.30	—	$39.00	84.50%	$0.87	$1.06	5	4
2	1	$3.45	$3.75	—	$39.50	81.91%	$0.99	$1.15	13	6
5	106	$2.90	$3.30	—	$40.00	80.70%	$1.08	$1.36	31	8
2	1	$2.76	$3.05	—	$40.50	79.65%	$1.25	$1.53	1	14
6	3	$2.34	$2.83	—	$41.00	79.10%	$1.46	$1.72	1	24
11	2	$2.25	$2.46	—	$41.50	75.13%	$1.52	$1.92	0	2
84	4	$1.81	$2.19	—	$42.00	76.03%	$1.89	$2.10	1	10
1	0	$1.68	$1.94	77.49%	$42.50	—	$2.11	$2.35	1	12
45	16	$1.45	$1.68	76.11%	$43.00	—	$2.41	$2.64	14	11
1	0	$1.24	$1.52	76.31%	$43.50	—	$2.68	$3.15	1	5
11	13	$0.94	$1.24	71.56%	$44.00	—	$3.00	$3.25	31	1
17	16	$0.89	$1.11	74.12%	$44.50	—	$3.30	$3.75	1	0
80	253	$0.66	$0.95	71.54%	$45.00	—	$3.70	$4.00	6	0
89	7	$0.58	$0.78	71.22%	$45.50	—	$3.80	$5.25	4	0
69	38	$0.49	$0.63	70.35%	$46.00	—	$4.25	$5.20	5	0
23	8	$0.37	$0.52	68.87%	$46.50	—	—	—	—	—
39	15	$0.32	$0.47	70.35%	$47.00	—	$5.00	$6.45	11	2

Forward $42.01. The 25-delta put carries +13.28 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 77.53%±5.66skew +10.42

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
701	24	$5.50	$6.15	—	$37.00	87.82%	$0.66	$0.69	1,793	719
0	—	$4.10	$5.60	—	$37.50	86.20%	$0.73	$0.79	—	84
505	614	$4.35	$5.20	—	$38.00	85.07%	$0.84	$0.89	651	340
12	—	$4.40	$4.65	—	$38.50	84.09%	$0.96	$1.01	—	137
17	142	$4.05	$4.25	—	$39.00	83.19%	$1.09	$1.15	324	522
4	—	$3.35	$4.05	—	$39.50	82.35%	$1.24	$1.30	—	89
525	5,378	$3.35	$3.70	—	$40.00	81.89%	$1.42	$1.47	18,210	8,179
24	—	$2.99	$3.35	—	$40.50	80.13%	$1.55	$1.65	—	328
306	962	$2.76	$2.96	—	$41.00	80.16%	$1.79	$1.85	1,093	322
124	—	$2.49	$2.79	—	$41.50	79.40%	$2.00	$2.07	—	377
1,054	1,659	$2.23	$2.38	—	$42.00	78.76%	$2.23	$2.31	2,505	132
342	408	$1.99	$2.08	77.34%	$42.50	—	$2.40	$2.98	1,173	146
936	1,040	$1.76	$1.85	76.71%	$43.00	—	$2.69	$2.85	13,054	45
86	251	$1.56	$1.63	76.16%	$43.50	—	$2.88	$3.45	685	117
1,435	3,619	$1.37	$1.44	75.73%	$44.00	—	$3.25	$3.45	13,381	793
94	413	$1.19	$1.26	75.06%	$44.50	—	$3.50	$4.10	710	12
4,480	4,005	$1.05	$1.10	74.92%	$45.00	—	$3.85	$4.15	24,273	302
199	647	$0.89	$0.95	73.99%	$45.50	—	$4.15	$4.90	596	7
6,892	6,045	$0.77	$0.82	73.66%	$46.00	—	$4.60	$4.90	1,334	157
186	640	$0.66	$0.71	73.41%	$46.50	—	$4.85	$5.70	267	0
806	7,249	$0.56	$0.60	72.79%	$47.00	—	$5.35	$5.75	16,209	235

Forward $42.04. The 25-delta put carries +10.42 volatility points over the 25-delta call.

2026-11-23(14 days)ATM 73.23%±6.04skew +16.38

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	—	$9.35	$11.25	—	$32.00	—	—	—	—	—
0	—	$7.40	$11.00	—	$33.00	—	—	—	—	—
0	—	$6.45	$9.15	—	$34.00	—	—	—	—	—
0	—	$6.45	$8.35	—	$35.00	—	—	—	—	—
0	—	$5.75	$7.40	—	$36.00	—	—	—	—	—
0	—	$3.90	$6.45	—	$37.00	83.26%	$0.66	$0.90	—	4
0	—	$4.20	$5.70	—	$38.00	84.26%	$0.90	$1.24	—	3
0	—	$4.10	$4.45	—	$39.00	79.02%	$1.09	$1.40	—	2
0	—	$3.40	$3.80	—	$40.00	77.93%	$1.44	$1.72	—	3
6	—	$2.79	$3.15	—	$41.00	76.57%	$1.83	$2.10	—	3
26	—	$2.33	$2.63	—	$42.00	73.97%	$2.20	$2.54	—	1
3	—	$1.85	$2.13	72.60%	$43.00	—	$2.72	$3.05	—	1
11	—	$1.37	$1.68	70.00%	$44.00	—	$3.30	$3.70	—	0
6	—	$1.03	$1.22	67.28%	$45.00	—	$3.95	$4.40	—	0
7	—	$0.72	$1.05	67.89%	$46.00	—	$4.10	$5.75	—	0
1	—	$0.55	$0.80	67.82%	$47.00	—	$5.05	$7.30	—	0
12	—	$0.40	$0.60	67.36%	$48.00	—	$6.00	$6.80	—	7
—	—	—	—	—	$49.00	—	$6.35	$9.30	—	0
—	—	—	—	—	$50.00	—	$7.80	$9.25	—	1
—	—	—	—	—	$51.00	—	$8.25	$11.10	—	0
—	—	—	—	—	$52.00	—	$9.15	$12.05	—	0

Forward $42.11. The 25-delta put carries +16.38 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 70.72%±6.61skew +10.92

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
1	—	$5.80	$6.85	—	$36.50	—	—	—	—	—
0	—	$4.85	$6.35	—	$37.00	79.58%	$0.91	$0.98	—	28
0	—	$4.45	$5.90	—	$37.50	83.21%	$1.02	$1.35	—	2
1	—	$4.65	$5.55	—	$38.00	77.37%	$1.14	$1.19	—	14
0	—	$4.70	$5.15	—	$38.50	76.58%	$1.27	$1.33	—	27
0	—	$4.35	$4.75	—	$39.00	75.90%	$1.42	$1.48	—	41
5	—	$3.70	$4.45	—	$39.50	75.15%	$1.58	$1.64	—	18
196	203	$3.70	$4.05	—	$40.00	74.62%	$1.76	$1.82	1,665	181
185	—	$3.40	$3.80	—	$40.50	73.98%	$1.95	$2.01	—	40
300	46	$3.00	$3.45	—	$41.00	73.37%	$2.15	$2.22	13	32
45	97	$2.83	$3.15	—	$41.50	72.79%	$2.37	$2.44	2	47
51	313	$2.62	$2.84	—	$42.00	72.37%	$2.60	$2.69	20	24
121	67	$2.33	$2.57	70.99%	$42.50	—	$2.86	$3.30	4	0
93	109	$2.15	$2.24	69.89%	$43.00	—	$3.05	$3.35	4	1
51	—	$1.93	$2.02	69.34%	$43.50	—	$3.25	$3.85	—	2
75	1,466	$1.74	$1.82	69.07%	$44.00	—	$3.50	$4.05	429	32
51	—	$1.55	$1.63	68.55%	$44.50	—	$3.85	$5.15	—	0
31	332	$1.38	$1.46	68.19%	$45.00	—	$4.15	$4.50	1,069	18
40	—	$1.22	$1.29	67.58%	$45.50	—	$4.45	$5.40	—	0
82	123	$1.08	$1.15	67.33%	$46.00	—	$4.90	$5.45	650	8
426	149	$0.83	$0.89	66.45%	$47.00	—	$5.45	$6.35	272	18

Forward $42.09. The 25-delta put carries +10.92 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 69.54%±7.66skew +9.41

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	—	$5.50	$7.00	—	$36.50	77.32%	$1.09	$1.15	—	12
0	—	$5.10	$6.70	—	$37.00	76.21%	$1.19	$1.26	—	20
0	—	$4.75	$6.30	—	$37.50	75.87%	$1.33	$1.40	—	3
2	—	$5.30	$5.85	—	$38.00	74.82%	$1.46	$1.52	—	2
0	—	$5.05	$5.55	—	$38.50	74.06%	$1.60	$1.67	—	11
0	—	$4.40	$5.15	—	$39.00	73.42%	$1.76	$1.83	—	3
117	170	$4.10	$4.40	—	$40.00	72.90%	$2.12	$2.24	1,258	172
84	119	$3.30	$3.85	—	$41.00	71.33%	$2.53	$2.61	64	26
2	116	$3.15	$3.60	—	$41.50	70.95%	$2.76	$2.84	80	2
40	57	$2.97	$3.30	—	$42.00	70.74%	$3.00	$3.10	4	6
36	78	$2.65	$3.05	69.41%	$42.50	—	$3.25	$4.50	26	0
26	1,251	$2.60	$2.69	69.62%	$43.00	—	$3.40	$3.80	13	202
54	244	$2.19	$2.27	69.08%	$44.00	—	$3.95	$4.40	436	3
55	50	$1.98	$2.07	68.45%	$44.50	—	$4.25	$4.95	241	104
116	287	$1.80	$1.90	68.23%	$45.00	—	$4.55	$5.00	254	17
72	97	$1.48	$1.73	66.04%	$45.50	—	$4.80	$5.60	172	15
68	187	$1.48	$1.57	67.58%	$46.00	—	$5.15	$5.95	167	5
53	66	$1.17	$1.43	65.22%	$46.50	—	$5.55	$6.25	84	7
99	327	$1.17	$1.29	66.56%	$47.00	—	$5.95	$6.70	125	105
21	113	$1.09	$1.16	66.78%	$47.50	—	$6.20	$7.60	170	0
79	157	$0.97	$1.05	66.47%	$48.00	—	$6.60	$7.25	894	7

Forward $42.09. The 25-delta put carries +9.41 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.