Options Skew Analytics

DVA option chain

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

Data as of 6 November 2026 (end of day)

2026-12-18(42 days)ATM 36.36%±23.65skew +3.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
014$65.60$68.20—$125.00—————
058$60.00$63.20—$130.00—————
034$55.80$57.80—$135.00—————
0108$50.20$53.40—$140.00—————
062$46.00$48.50—$145.00—————
035$40.90$43.40—$150.00—————
012$35.80$38.70—$155.00—————
0252$31.20$33.60—$160.00—————
242$26.70$29.10—$165.00—————
0201$23.10$24.80—$170.0038.60%$1.75$2.80381
06$19.70$21.20—$175.0038.65%$2.95$3.903212
046$15.90$17.00—$180.0037.65%$4.00$5.40501
0402$12.50$13.80—$185.0036.80%$5.60$7.10970
0139$9.50$11.10—$190.0036.58%$7.80$9.30440
549$7.10$8.7036.21%$195.00—$10.50$11.90440
41,218$5.10$6.6035.60%$200.00—$13.70$14.90390
112,251$2.70$3.5035.37%$210.00—$20.30$22.1070
—————$220.00—$28.80$31.80270
0405$0.60$0.9536.10%$230.00—$38.30$41.00320
—————$240.00—$47.20$50.70110
—————$250.00—$56.70$60.70120

Forward $191.76. The 25-delta put carries +3.28 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 36.40%±30.63skew +2.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
022$70.80$73.20—$120.00—————
04$66.00$68.40—$125.00—————
017$61.10$63.60—$130.00—————
023$55.80$58.40—$135.00—————
03$51.60$53.50—$140.00—————
06$46.40$48.80—$145.00—————
018$41.70$44.20—$150.00—————
02$37.40$40.00—$155.00—————
02$32.90$35.60—$160.00—————
011$28.60$30.90—$165.0037.82%$2.15$3.50440
015$24.60$27.00—$170.0037.16%$3.00$4.6030
029$20.90$23.20—$175.0036.64%$4.20$5.90180
027$17.60$20.00—$180.0036.35%$5.70$7.601650
049$14.50$17.00—$185.0036.19%$7.80$9.40340
067$11.70$14.10—$190.0035.64%$9.80$11.701680
054$10.30$11.4036.41%$195.00—$12.30$14.301150
11,749$7.60$9.6035.61%$200.00—$15.30$17.50620
0397$4.40$6.4035.26%$210.00—$21.80$24.401,0010
0512$2.45$3.7034.32%$220.00—$30.20$32.70160
12,286$1.30$2.0533.77%$230.00—$38.80$40.90350
—————$240.00—$48.30$50.4050

Forward $192.17. The 25-delta put carries +2.31 volatility points over the 25-delta call.

2027-02-19(105 days)ATM 40.69%±42.10skew +4.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$80.90$84.70—$110.00—————
02$61.80$64.80—$130.00—————
01$39.60$42.60—$155.0043.65%$3.10$4.4040
02$36.00$38.80—$160.0043.38%$4.30$5.3070
07$32.10$34.60—$165.0043.14%$5.50$6.601220
039$28.50$31.50—$170.0042.43%$6.70$8.00241
050$25.80$28.00—$175.0042.88%$8.60$9.90290
024$22.50$24.80—$180.0041.84%$10.00$11.70200
032$19.80$21.90—$185.0040.93%$11.60$13.80190
0133$17.00$19.30—$190.0040.48%$13.80$16.101070
0119$14.60$16.7040.69%$195.00—$16.70$18.701450
6004,462$12.70$14.5040.69%$200.00—$19.30$22.00600
1111$8.50$10.7039.30%$210.00—$25.70$28.10500
593$6.30$8.3040.28%$220.00—$32.80$35.20320
4112$3.70$5.5038.17%$230.00—$40.90$43.1040
—————$240.00—$49.60$52.10260

Forward $192.93. The 25-delta put carries +4.26 volatility points over the 25-delta call.

2027-05-21(196 days)ATM 40.34%±57.51skew +4.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$97.00$100.50—$95.00—————
01$82.90$85.60—$110.00—————
01$69.30$72.10—$125.00—————
01$64.90$67.80—$130.00—————
01$56.70$59.50—$140.00—————
01$52.50$55.70—$145.00—————
04$49.00$51.80—$150.0044.14%$4.90$7.9020
—————$155.0043.20%$6.00$8.8010
01$41.30$44.10—$160.0043.22%$7.40$10.4090
01$38.30$40.50—$165.0042.96%$9.10$11.80400
01$35.00$37.50—$170.0042.03%$11.00$12.7003
04$31.70$34.50—$175.0042.15%$12.60$15.20150
02$29.10$31.50—$180.0041.83%$14.60$17.20390
02$26.30$28.90—$185.00—————
05$23.50$26.30—$190.0040.82%$18.80$21.60100
017$21.00$23.8040.79%$195.00—$21.40$24.3090
03$14.70$17.7039.89%$210.00—————
06$11.50$14.4039.54%$220.00—$36.80$39.6010
08$6.70$9.5039.04%$240.00—$52.00$54.9030
012$5.00$7.7038.87%$250.00—————

Forward $194.54. The 25-delta put carries +4.09 volatility points over the 25-delta call.

2027-08-20(287 days)ATM 40.26%±70.07skew +3.75
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$80.20$83.50—$115.00—————
03$75.60$79.30—$120.00—————
01$72.00$75.00—$125.00—————
—————$140.0043.73%$5.00$8.0020
—————$145.0043.90%$6.30$9.4031
01$49.60$52.40—$155.00—————
018$45.70$48.90—$160.00—————
—————$165.0042.29%$12.10$15.00420
019$39.90$42.50—$170.0041.91%$13.90$16.7060
05$34.00$36.80—$180.0041.16%$17.70$20.70170
02$31.30$34.00—$185.0040.63%$19.90$22.602330
071$28.60$31.40—$190.0040.60%$22.40$25.10160
010$26.00$29.00—$195.0040.36%$25.10$27.40330
022$23.70$26.6039.89%$200.00—$27.70$30.3090
024$20.10$23.3040.26%$210.00—————
04$16.50$19.7039.69%$220.00—$39.90$42.7010
013$13.50$16.7039.33%$230.00—$46.70$50.1010
024$11.00$14.0038.96%$240.00—$54.30$57.3010
087$8.60$11.8038.47%$250.00—$62.50$65.6010
060$7.10$10.0038.54%$260.00—$70.80$73.5010
0250$5.70$8.5038.49%$270.00—$79.50$82.302500

Forward $196.29. The 25-delta put carries +3.75 volatility points over the 25-delta call.

2027-11-19(378 days)ATM 40.11%±80.76skew +2.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$70.00$74.00—$130.00—————
06$66.50$70.40—$135.0043.57%$5.60$9.1030
06$63.00$66.90—$140.0044.08%$7.40$10.4020
014$59.20$63.00—$145.0042.75%$7.80$11.6010
039$56.10$59.90—$150.00—————
08$52.80$56.20—$155.00—————
05$49.60$53.00—$160.0041.59%$12.10$16.00430
02$46.90$49.60—$165.0041.33%$15.20$16.4006
01$43.50$47.00—$170.00—————
02$40.50$44.00—$175.0040.57%$17.50$21.50100
127$38.00$41.50—$180.0040.67%$20.30$23.4010
06$35.00$38.70—$185.00—————
07$32.50$36.30—$190.0040.80%$25.60$28.201355
012$28.00$32.0040.44%$200.00—————
070$24.00$28.0040.03%$210.00—$35.80$39.404,2800
028$21.60$24.1040.19%$220.00—$42.00$45.702,0950
01$18.30$20.7039.58%$230.00—$49.00$52.501,4570
039$15.60$18.4039.63%$240.00—————
01$13.20$15.2038.81%$250.00—————
—————$260.00—$71.80$75.302020
0317$9.30$11.5038.48%$270.00—————

Forward $197.84. The 25-delta put carries +2.84 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.