Options Skew Analytics

DVA option chain

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

Data as of 22 September 2026 (end of day)

2026-10-16(24 days)ATM 31.03%±14.70skew +0.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$77.70$81.60—$105.00—————
07$67.60$71.90—$115.00—————
03$62.80$66.70—$120.00—————
05$57.80$61.90—$125.00—————
02$52.80$57.00—$130.00—————
011$47.90$51.80—$135.00—————
06$42.90$46.90—$140.00—————
09$38.80$41.70—$145.00—————
022$33.20$35.40—$150.00—————
038$28.30$31.10—$155.00—————
048$23.40$26.80—$160.00—————
033$18.80$21.70—$165.0035.07%$0.60$0.95931
012$14.70$17.30—$170.0033.42%$1.15$1.5072513
252$11.20$12.90—$175.0032.45%$2.10$2.50430
1296$7.90$9.90—$180.0031.36%$3.40$4.10891
442,909$5.30$6.2031.01%$185.00—$5.60$6.30593
11,243$3.50$4.2031.89%$190.00—$7.60$10.401160
283,480$2.15$2.7032.20%$195.00—$11.60$13.90330
15384$1.40$1.7533.36%$200.00—$15.50$18.10560
—————$210.00—$25.20$27.102,1480
—————$220.00—$34.00$37.5040

Forward $184.80. The 25-delta put carries +0.25 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 44.28%±33.00skew +0.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$63.50$67.40—$120.00—————
01$49.30$52.40—$135.0050.38%$0.65$0.9541
—————$145.0048.32%$1.25$1.85130
04$36.10$39.00—$150.00—————
—————$155.0044.46%$1.90$3.10230
—————$160.0044.86%$3.10$4.102130
05$23.90$26.70—$165.0044.20%$4.20$5.30410
01$20.50$23.30—$170.0044.73%$6.20$6.70780
03$17.30$20.10—$175.0044.43%$7.90$8.60100
116$14.80$16.50—$180.0043.97%$10.00$10.6060
428$12.80$13.60—$185.0044.20%$12.60$13.10710
3280$10.80$11.3044.30%$190.00—$15.20$15.80560
966$8.80$9.3043.94%$195.00—$17.80$19.90410
732$6.90$7.7043.50%$200.00—$20.90$23.3030
056$4.40$5.1043.40%$210.00—$28.30$30.6010
0266$2.50$3.4043.10%$220.00—————
034$1.50$2.1043.03%$230.00—————

Forward $185.35. The 25-delta put carries +0.79 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 40.00%±36.25skew +1.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
014$60.00$62.70—$125.00—————
058$55.20$57.90—$130.00—————
034$49.90$53.40—$135.00—————
0108$45.40$48.10—$140.00—————
062$41.40$44.20—$145.00—————
036$36.90$40.00—$150.00—————
012$32.80$35.90—$155.0041.28%$2.85$4.002890
0252$28.70$32.20—$160.0039.66%$3.40$5.00820
042$25.30$28.00—$165.0039.75%$4.80$6.40210
0207$21.90$24.70—$170.0040.40%$6.90$8.00270
07$19.20$21.70—$175.0040.12%$8.80$9.803160
046$16.00$18.70—$180.0039.78%$10.90$11.90555
0249$13.70$15.30—$185.0039.79%$13.50$14.30381
051$11.90$12.9040.02%$190.00—$15.90$17.00173
028$10.00$10.9039.94%$195.00—$18.10$21.0070
21,163$8.20$9.2039.73%$200.00—$21.10$24.40190
02,246$5.60$6.5039.86%$210.00—$28.70$31.6050
015$3.10$4.5038.75%$220.00—$36.50$39.60270
0359$2.00$3.1039.10%$230.00—$45.30$48.90740
—————$240.00—$54.60$57.60510
—————$250.00—$64.10$67.60160

Forward $185.61. The 25-delta put carries +1.01 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 36.69%±38.49skew +1.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$74.40$77.90—$110.00—————
01$60.70$63.40—$125.00—————
011$55.90$58.90—$130.00—————
03$46.80$49.80—$140.00—————
05$42.20$45.50—$145.00—————
017$38.10$41.30—$150.00—————
02$34.10$37.00—$155.0040.00%$3.80$4.7030
01$30.20$33.00—$160.0039.59%$4.90$5.90150
011$26.30$29.50—$165.0038.55%$5.90$7.20410
03$23.10$26.10—$170.0038.97%$7.90$8.9030
031$20.40$23.00—$175.0038.40%$9.60$10.7090
027$17.40$20.20—$180.0038.38%$11.80$12.901680
09$15.10$17.70—$185.0037.62%$13.70$15.30290
051$12.90$14.7036.73%$190.00—$16.60$18.001220
027$10.70$12.8036.58%$195.00—$19.20$22.40510
04,427$9.10$10.8036.47%$200.00—$22.20$24.90120
0266$6.60$7.5036.38%$210.00—$29.60$32.301,0010
0425$4.90$5.3036.94%$220.00—$37.10$40.20160
02,272$2.80$3.8036.13%$230.00—$45.60$48.80230
0353$1.90$2.8036.73%$240.00—$54.80$57.60410
—————$250.00—$64.50$67.7020

Forward $186.93. The 25-delta put carries +1.61 volatility points over the 25-delta call.

2027-02-19(150 days)ATM 39.09%±46.93skew +3.75
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$56.80$60.20—$130.00—————
—————$150.0041.38%$4.00$5.80730
—————$155.0040.98%$5.10$7.0040
—————$160.0041.48%$6.30$9.1030
—————$170.0039.80%$9.40$11.80120
—————$175.0039.39%$11.20$13.8010
011$20.30$23.20—$180.0039.19%$13.40$16.00170
1025$16.50$18.1039.38%$190.00—$18.90$21.10160
0123$14.30$15.9038.95%$195.00—$21.80$24.50110
170$12.50$14.0038.86%$200.00—$24.80$27.6060
021$9.50$10.8038.81%$210.00—$31.90$34.40210
029$6.40$8.2037.81%$220.00—$38.60$41.80150
022$4.50$6.3037.73%$230.00—————
026$3.20$4.8037.81%$240.00—————

Forward $187.25. The 25-delta put carries +3.75 volatility points over the 25-delta call.

2027-05-21(241 days)ATM 39.86%±61.40skew +3.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$60.20$63.40—$130.00—————
01$52.50$55.50—$140.0041.40%$4.20$6.4090
01$48.90$51.50—$145.0042.70%$5.50$8.50140
03$45.30$48.00—$150.0040.60%$6.20$8.9020
—————$155.0042.26%$8.10$11.5010
01$38.30$41.50—$160.0041.98%$10.70$12.1090
01$35.60$38.50—$165.0041.40%$12.10$13.90400
06$32.00$35.30—$170.00—————
04$29.30$32.50—$175.0041.20%$16.40$17.9050
02$27.20$29.60—$180.0041.33%$18.70$20.50380
02$24.50$27.20—$185.00—————
03$22.50$25.2040.43%$190.00—$23.40$25.20100
017$21.00$22.1039.97%$195.00—$26.20$28.1090
03$15.60$16.8039.74%$210.00—————
06$12.60$14.0039.62%$220.00—————
07$7.80$9.5039.03%$240.00—$57.90$61.3030
012$5.30$7.8037.99%$250.00—————

Forward $189.54. The 25-delta put carries +3.99 volatility points over the 25-delta call.

2027-08-20(332 days)ATM 40.25%±73.28skew +1.78
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$74.70$78.50—$115.00—————
03$70.90$74.50—$120.00—————
01$66.30$70.50—$125.00—————
—————$140.0042.28%$6.20$9.7020
01$44.50$49.20—$155.00—————
018$42.80$45.90—$160.00—————
—————$165.0040.39%$14.20$16.80400
019$36.00$40.00—$170.0041.40%$16.80$19.7060
03$31.90$34.50—$180.0040.84%$20.80$24.40110
—————$190.0039.25%$25.00$28.50130
04$25.00$27.5040.18%$195.00—$29.30$31.10330
139$23.60$25.7040.57%$200.00—$32.00$34.0090
018$20.00$21.6039.92%$210.00—————
01$16.80$18.5039.64%$220.00—————
011$13.60$16.2039.36%$230.00—$51.50$55.6010
024$11.60$13.3038.97%$240.00—$59.00$63.5010
087$9.50$11.5038.86%$250.00—$67.50$71.2010
060$7.80$9.7038.60%$260.00—$76.00$80.5010
0250$5.80$8.0037.66%$270.00—$85.00$88.902500

Forward $190.89. The 25-delta put carries +1.78 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.

DVA option chain | Options Skew Analytics