Options Skew Analytics

ELV 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 30.90%±32.00skew +1.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$130.00$138.70—$270.00—————
02$120.00$128.70—$280.00—————
01$52.70$58.60—$350.00—————
011$43.50$49.10—$360.0033.56%$1.15$1.601675
027$34.60$39.50—$370.0033.71%$2.30$3.101193
149$26.70$30.70—$380.0032.33%$4.00$4.703654
0712$19.10$23.80—$390.0031.23%$6.50$7.3014111
2121$13.20$15.70—$400.0030.25%$10.00$11.104517
60652$9.70$10.8031.47%$410.00—$12.60$16.201342
5103$6.10$7.0031.02%$420.00—$19.60$24.20300
9175$3.80$4.1030.65%$430.00—$27.40$32.20120
100154$2.25$3.0031.92%$440.00—$35.90$40.0070
—————$450.00—$44.70$50.5020
—————$460.00—$53.70$60.1030
—————$470.00—$62.40$70.9020
—————$480.00—$72.20$80.9010

Forward $403.91. The 25-delta put carries +1.68 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 33.86%±55.29skew +1.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$200.90$209.60—$200.00—————
02$171.20$179.90—$230.00—————
02$102.50$111.00—$300.00—————
01$92.90$101.60—$310.00—————
03$58.00$63.90—$350.0038.81%$4.20$6.402200
069$50.60$55.00—$360.0036.54%$5.80$7.10258200
013$42.70$48.00—$370.0035.44%$7.90$9.00223
05$35.60$41.00—$380.0035.17%$10.60$12.20211
011$29.30$33.40—$390.0034.56%$14.00$15.60470
036$23.90$26.00—$400.0034.88%$18.20$20.702432
071$19.20$21.1033.85%$410.00—$23.00$24.902012
0228$15.00$16.7033.51%$420.00—$28.40$30.70190
026$11.70$13.2033.53%$430.00—$32.00$39.8090
035$8.70$10.1033.10%$440.00—$41.50$48.00150
1215$6.70$8.2033.69%$450.00—$47.20$55.5030
0123$5.10$6.4033.94%$460.00—$55.80$63.8010
040$3.80$6.0035.41%$470.00—$64.90$72.6010
—————$490.00—$83.60$91.0010
—————$500.00—$92.30$101.0020
—————$510.00—$102.20$110.9010

Forward $406.18. The 25-delta put carries +1.76 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 32.64%±64.70skew +1.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
024$103.10$111.80—$300.00—————
030$93.60$102.30—$310.00—————
018$84.40$93.10—$320.00—————
014$75.40$84.10—$330.00—————
07$66.70$75.20—$340.00—————
022$58.40$67.00—$350.0034.76%$6.00$7.302320
018$52.20$58.50—$360.0034.71%$7.90$10.102580
011$44.60$51.00—$370.0034.39%$10.60$12.80641
010$37.70$44.40—$380.0033.67%$13.30$16.001180
093$32.70$35.70—$390.0033.32%$17.00$19.80421
058$27.50$30.10—$400.0032.86%$21.10$24.201710
049$22.10$25.4032.66%$410.00—$26.10$29.30160
034$17.90$21.1032.47%$420.00—$31.30$34.90170
074$14.30$19.3033.58%$430.00—$35.60$41.2010
187$11.30$13.2031.48%$440.00—$43.00$49.40100
042$8.90$11.5032.13%$450.00—$50.50$56.8040
061$7.00$9.7032.52%$460.00—$57.30$66.0030
—————$470.00—$65.60$74.3040
—————$480.00—$74.30$83.0030
—————$490.00—$83.40$92.1020
166$2.45$3.0031.35%$500.00—$92.90$101.4010

Forward $406.01. The 25-delta put carries +1.87 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 32.19%±73.52skew +1.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0101$104.50$113.00—$300.00—————
049$97.30$102.80—$310.00—————
1201$88.20$93.90—$320.00—————
033$78.40$85.50—$330.00—————
029$70.80$77.00—$340.0033.62%$4.90$7.70950
0101$62.70$68.60—$350.0034.03%$8.10$9.304031
055$55.60$60.90—$360.0033.45%$10.30$11.601870
053$48.00$53.70—$370.0033.05%$13.00$14.501294
0130$42.30$46.80—$380.0032.69%$16.20$17.901950
0109$37.20$39.00—$390.0032.38%$20.30$21.501984
0176$31.40$33.70—$400.0031.99%$24.20$26.202220
0154$26.60$28.5032.23%$410.00—$28.20$33.00470
0208$20.90$25.6032.07%$420.00—$33.10$37.10690
0189$18.60$20.4031.96%$430.00—$39.50$43.3070
0399$14.80$17.3031.64%$440.00—$44.90$53.20760
0844$11.70$14.5031.37%$450.00—$53.70$60.20390
0131$10.20$12.0031.79%$460.00—$61.10$66.2080
1650$8.50$9.4031.56%$470.00—$70.40$73.70100
0125$6.90$8.4032.13%$480.00—————
0124$5.20$7.0031.90%$490.00—$85.30$93.0010
—————$510.00—$103.80$111.6060

Forward $406.91. The 25-delta put carries +1.89 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 33.08%±94.56skew +1.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$101.10$108.10—$310.0035.66%$4.80$6.701470
023$92.90$99.00—$320.00—————
09$84.80$90.90—$330.0036.01%$9.30$10.30130
03$76.60$84.70—$340.0035.15%$10.60$12.60280
037$70.40$76.30—$350.0034.76%$13.20$14.901560
016$64.00$68.60—$360.0034.49%$16.10$17.8060
038$57.30$61.90—$370.0034.24%$19.50$21.00310
047$50.90$55.50—$380.0034.10%$23.50$24.609913
057$45.80$48.30—$390.0033.61%$27.00$28.802012
056$40.30$43.10—$400.0033.55%$31.80$33.40284
063$35.50$37.9033.21%$410.00—$36.30$38.50211
0158$31.10$33.6033.09%$420.00—$41.40$44.00350
028$25.50$30.4032.57%$430.00—$45.90$50.9040
0253$20.60$26.0031.47%$440.00—————
0235$18.50$23.5032.18%$450.00—$59.70$64.6040
022$18.00$19.7032.75%$460.00—$65.00$71.7030
1233$15.00$17.0032.36%$470.00—$73.00$79.0020
015$13.20$15.0032.63%$480.00—$81.10$86.6010
017$11.30$13.1032.65%$490.00—$90.00$95.2060
1130$9.60$11.0032.38%$500.00—$98.50$104.2020
03$8.40$9.9032.78%$510.00—————

Forward $409.29. The 25-delta put carries +1.84 volatility points over the 25-delta call.

2027-06-17(268 days)ATM 32.99%±116.93skew +2.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$122.50$130.50—$290.00—————
—————$320.0035.75%$9.80$14.30340
02$84.00$91.10—$340.0035.18%$14.30$19.50280
—————$350.0034.28%$15.70$22.50350
—————$360.0035.09%$20.00$26.90170
04$65.60$71.80—$370.0034.27%$22.80$29.80690
01$58.00$66.10—$380.0034.33%$27.20$33.80330
01$52.80$60.80—$390.0033.89%$31.40$37.40230
05$48.00$55.00—$400.0034.01%$35.80$42.90100
—————$410.0033.84%$40.90$47.6010
072$40.60$46.8033.95%$420.00—$46.20$53.5050
010$35.10$41.8032.99%$430.00—————
0204$32.70$37.2033.09%$440.00—$58.20$64.9010
116$29.60$34.3033.34%$450.00—————
09$26.20$30.7033.02%$460.00—$71.40$78.0010
015$21.30$29.0032.64%$470.00—————
031$22.00$25.7033.62%$480.00—————
025$16.40$23.0032.16%$490.00—————
013$14.40$20.9032.19%$500.00—————
057$11.40$16.6032.13%$520.00—————
050$8.30$13.5031.93%$540.00—————

Forward $413.65. The 25-delta put carries +2.15 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.