Options Skew Analytics

EMR 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 28.64%±11.40skew +0.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$18.60$22.30—$135.00—————
1178$10.30$11.90—$145.0031.05%$1.10$1.502393
11$9.00$10.50—$147.00—————
2980$6.10$8.00—$150.0029.10%$2.15$2.652086
3106$4.20$5.10—$155.0028.75%$4.10$4.80321
1210$3.10$3.8028.24%$157.50—$5.30$7.50011
17290$2.35$2.7528.29%$160.00—$6.80$8.6020
01$1.55$2.1528.41%$162.50—————
20479$1.10$1.5028.41%$165.00—————
30$0.80$1.1029.02%$167.50—————
151,037$0.50$0.8029.10%$170.00—————
—————$180.00—$23.40$27.3001

Forward $155.20. The 25-delta put carries +0.68 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 32.79%±20.47skew +2.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$130.0037.96%$1.05$1.5516
—————$135.0036.87%$1.60$2.3522
—————$140.0035.30%$2.45$3.2004
12$12.60$14.90—$145.0033.87%$3.60$4.4016
033$10.40$11.80—$150.0033.94%$5.20$6.6004
0115$7.70$8.90—$155.0033.09%$7.40$8.7003
8274$5.30$6.6032.24%$160.00—————
613$3.60$4.8031.94%$165.00—————
4134$2.55$3.2031.69%$170.00—————
13401$1.70$2.4032.31%$175.00—————
20$1.10$1.8032.89%$180.00—————

Forward $155.25. The 25-delta put carries +2.18 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 31.52%±23.94skew +2.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$63.10$67.10—$90.00—————
01$58.20$62.20—$95.00—————
012$53.30$57.30—$100.00—————
06$48.70$51.40—$105.00—————
01$43.80$46.50—$110.00—————
02$38.80$42.70—$115.00—————
04$34.40$37.30—$120.00—————
05$29.80$32.80—$125.0037.07%$1.05$1.705104
017$25.40$27.80—$130.0034.90%$1.55$2.051091
017$21.70$24.10—$135.0033.24%$2.30$2.603085
0164$17.30$19.60—$140.0032.88%$3.30$3.9010822
0120$14.20$16.10—$145.0032.16%$4.60$5.402375
4218$11.80$13.20—$150.0031.57%$6.40$7.2043114
2261$9.20$10.30—$155.0031.66%$8.60$9.801021
112,167$6.90$8.0031.21%$160.00—$10.90$12.802230
21,215$5.10$5.8030.43%$165.00—$14.00$16.40820
63,757$3.70$4.4030.45%$170.00—$17.50$19.9080
17638$2.60$3.2030.21%$175.00—————
648178$1.85$2.3530.35%$180.00—————

Forward $155.56. The 25-delta put carries +2.67 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 31.23%±27.29skew +2.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
017$68.50$72.40—$85.00—————
016$63.50$67.50—$90.00—————
080$58.60$62.70—$95.00—————
0133$54.10$56.60—$100.00—————
087$49.80$52.30—$105.00—————
069$44.60$47.50—$110.00—————
044$39.90$42.40—$115.00—————
022$35.30$38.20—$120.00—————
064$30.80$33.60—$125.00—————
088$26.40$29.20—$130.0034.50%$1.95$3.206970
0168$22.40$24.90—$135.0034.02%$2.90$4.302640
0214$18.60$21.10—$140.0032.28%$4.10$5.001770
0312$15.20$17.60—$145.0030.78%$5.50$6.102645
01,365$13.20$14.50—$150.0030.70%$7.30$8.304260
1538$10.50$11.60—$155.0031.28%$9.50$11.301190
0430$8.30$9.4031.17%$160.00—$12.20$13.901690
52,656$6.40$7.3030.65%$165.00—$14.70$16.90370
18505$4.80$5.7030.33%$170.00—$18.40$20.6010
11519$3.60$4.2029.86%$175.00—————
7424$2.60$3.1029.47%$180.00—$26.30$28.60150
11182$1.90$2.4529.74%$185.00—————

Forward $155.66. The 25-delta put carries +2.42 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 31.14%±34.14skew +2.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$64.10$68.10—$90.00—————
06$59.60$62.70—$95.00—————
0100$54.80$57.80—$100.00—————
011$50.20$53.90—$105.00—————
05$45.40$49.30—$110.00—————
08$40.90$44.80—$115.00—————
012$36.80$40.20—$120.00—————
04$33.00$35.50—$125.00—————
018$28.60$31.40—$130.0035.34%$3.50$5.303420
—————$135.0034.56%$4.70$6.40880
020$21.40$23.90—$140.0032.64%$6.10$6.9015710
025$18.20$20.70—$145.0032.37%$7.70$8.801035
0339$16.50$17.70—$150.0032.05%$9.70$10.80986
787$13.90$14.90—$155.0031.54%$11.90$13.00795
13106$11.50$12.6031.21%$160.00—$14.50$15.702810
0127$9.40$10.4030.70%$165.00—————
7287$7.60$8.6030.39%$170.00—$20.20$22.70590
0389$6.10$7.0030.08%$175.00—————
4537$4.90$5.7029.95%$180.00—————
3145$3.80$4.6029.67%$185.00—————

Forward $156.99. The 25-delta put carries +2.97 volatility points over the 25-delta call.

2027-06-17(268 days)ATM 32.11%±43.26skew +1.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$56.20$60.00—$100.00—————
01$47.40$51.40—$110.00—————
02$43.30$47.20—$115.00—————
01$39.20$43.10—$120.00—————
01$35.40$38.70—$125.0036.08%$4.20$6.901090
022$31.70$34.70—$130.0034.51%$5.20$7.601640
012$28.30$31.00—$135.0033.27%$5.80$9.20160
02$24.90$27.90—$140.0033.82%$8.40$10.701130
05$22.00$24.70—$145.0032.04%$10.20$11.30101
055$19.20$21.60—$150.0032.16%$12.20$13.90520
34$16.40$19.00—$155.0032.21%$14.50$16.601080
019$14.10$16.5031.72%$160.00—$17.00$19.10600
055$13.00$14.3032.26%$165.00—$18.60$21.6030
011$11.00$12.1031.54%$170.00—$21.80$24.70780
1151$9.30$10.3031.10%$175.00—————
098$7.90$8.8030.89%$180.00—————
085$5.90$8.6031.07%$185.00—————
0118$5.50$7.6031.82%$190.00—————
093$4.70$6.7031.99%$195.00—————
01,076$3.80$5.7031.62%$200.00—————
0176$2.35$3.0029.17%$210.00—————

Forward $157.22. The 25-delta put carries +1.28 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.