Options Skew Analytics

ECL 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 25.08%±25.77skew +1.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$130.60$134.80—$170.00—————
01$110.70$114.90—$190.00—————
05$100.90$104.90—$200.00—————
07$90.80$95.10—$210.00—————
02$80.90$84.90—$220.00—————
013$71.00$75.20—$230.00—————
029$61.20$65.30—$240.00—————
040$52.40$54.90—$250.00—————
027$42.70$45.30—$260.0029.28%$0.65$0.851283
045$33.50$36.00—$270.00—————
41,716$24.90$26.30—$280.0026.39%$2.35$3.102512
2241$17.70$18.50—$290.0025.65%$4.50$5.701051
4407$11.40$12.20—$300.0025.48%$8.60$9.40174145
2344$6.20$7.6024.42%$310.00—$13.20$15.00110
4224$3.50$4.2024.34%$320.00—$20.40$21.8030
0230$1.55$2.3524.14%$330.00—————

Forward $302.81. The 25-delta put carries +1.32 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 24.79%±32.99skew +2.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$150.50$154.70—$150.00—————
05$145.50$149.70—$155.00—————
05$115.70$119.90—$185.00—————
025$110.80$115.00—$190.00—————
01$101.20$104.40—$200.00—————
015$91.00$95.20—$210.00—————
0226$81.30$85.30—$220.00—————
098$71.40$75.70—$230.00—————
022$62.60$65.30—$240.00—————
082$53.20$55.90—$250.00—————
0110$43.90$46.40—$260.0028.02%$1.40$1.90566
034$34.90$38.00—$270.0027.03%$2.40$3.201460
033$28.00$29.70—$280.0025.76%$3.80$5.101455
6138$20.70$22.10—$290.0024.86%$6.40$7.70653
4896$14.00$16.40—$300.0025.15%$11.00$11.60465
4229$9.50$10.9024.42%$310.00—$15.10$17.201310
298$6.00$7.0023.94%$320.00—$20.90$23.50380
0496$3.20$4.3023.16%$330.00—$29.00$31.80150
364$1.80$2.7023.35%$340.00—————

Forward $303.93. The 25-delta put carries +2.60 volatility points over the 25-delta call.

2027-04-16(161 days)ATM 25.09%±51.05skew +2.23
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$132.00$136.10—$170.00—————
05$117.20$121.40—$185.00—————
056$112.40$116.50—$190.00—————
039$107.50$111.70—$195.00—————
038$102.60$106.90—$200.00—————
016$94.00$96.70—$210.00—————
012$84.50$87.30—$220.00—————
—————$260.0026.59%$4.20$5.1091
011$41.30$43.80—$270.0026.54%$6.50$7.30114
081$34.20$36.80—$280.0025.86%$8.80$10.001175
020$27.80$30.30—$290.0025.49%$12.10$13.401415
229$22.20$24.50—$300.0025.46%$16.20$18.00130
140$17.30$19.4025.10%$310.00—$21.30$22.602818
070$13.20$15.4024.96%$320.00—$27.00$29.00156
017$9.40$11.8024.35%$330.00—$32.70$35.30200
126$7.10$8.6024.11%$340.00—————
01$4.20$6.9023.64%$350.00—————

Forward $306.33. The 25-delta put carries +2.23 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.