Options Skew Analytics

EQT option chain

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

Data as of 22 September 2026 (end of day)

2026-09-25(3 days)ATM 36.79%±1.71skew -1.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
32$10.85$13.55—$39.00—————
1693$9.95$11.75—$40.00—————
1686$9.05$10.75—$41.00—————
20$7.75$10.05—$42.00—————
11$7.65$8.70—$43.00—————
10$6.70$7.70—$44.00—————
06$3.95$4.50—$47.0052.74%$0.01$0.06931
09$3.05$3.55—$48.00—————
140$2.56$3.10—$48.50—————
2759$2.14$2.56—$49.00—————
281$1.71$2.10—$49.5036.37%$0.11$0.1617561
204263$1.29$1.67—$50.0037.05%$0.21$0.2844332
55246$0.72$0.82—$51.0036.61%$0.53$0.652532
251358$0.33$0.4338.41%$52.00—$1.02$1.2813919
117114$0.14$0.1738.84%$53.00—$1.69$2.141677
160254$0.05$0.1042.42%$54.00—$2.58$3.1517017
1582$0.01$0.0341.07%$55.00—$3.55$4.10620
11638$0.01$0.0662.89%$57.00—————
—————$59.00—$7.50$8.1502
—————$60.00—$8.35$10.7002
—————$64.00—$12.50$14.7001

Forward $51.18. The 25-delta put carries -1.36 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 32.31%±2.74skew -1.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
019$7.00$7.60—$44.00—————
—————$47.0032.91%$0.04$0.09230
—————$47.5032.38%$0.08$0.1120
014$3.10$3.55—$48.0031.74%$0.12$0.1582136
—————$48.5031.66%$0.18$0.223478
353$2.35$2.80—$49.0031.46%$0.27$0.3031148
054$2.06$2.40—$49.5031.40%$0.38$0.424611
28101$1.68$1.96—$50.0031.80%$0.53$0.5910,8799
31112$1.16$1.24—$51.0032.15%$0.93$1.024676
207609$0.73$0.8132.74%$52.00—$1.50$1.607626
275212$0.43$0.5033.13%$53.00—$1.95$2.311466
1478$0.25$0.3234.35%$54.00—$2.74$3.1517715
3778$0.15$0.2236.31%$55.00—$3.75$4.251695
—————$56.00—$4.55$5.10175
—————$57.00—$5.50$6.0030
—————$58.00—$6.50$7.1010
0155$0.01$0.0643.10%$59.00—————

Forward $51.23. The 25-delta put carries -1.73 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 32.06%±3.55skew -2.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$5.95$6.70—$45.00—————
—————$46.0032.61%$0.06$0.12121
—————$47.0031.39%$0.14$0.17300
—————$47.5031.17%$0.19$0.2320
—————$48.0030.94%$0.25$0.312131
—————$48.5030.62%$0.34$0.39010
—————$49.0030.90%$0.46$0.523253
02$2.29$2.70—$49.50—————
02$1.96$2.35—$50.0031.29%$0.76$0.8717,86614
7048$1.48$1.60—$51.0031.70%$1.20$1.31790
15030$1.05$1.1832.54%$52.00—$1.72$1.891262
363336$0.72$0.8132.69%$53.00—$2.18$2.611110
2535$0.48$0.5633.21%$54.00—$2.94$3.401631
7104$0.31$0.3933.86%$55.00—$3.70$4.40950
—————$57.00—$5.55$6.0510

Forward $51.29. The 25-delta put carries -2.31 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 31.84%±4.20skew -1.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$16.90$20.85—$32.50—————
02$14.40$18.35—$35.00—————
18$10.85$11.75—$40.00—————
02$8.45$9.30—$42.50—————
01$6.00$6.85—$45.00—————
—————$47.0031.19%$0.24$0.2757315
3183$4.00$4.40—$47.5030.97%$0.31$0.341,277103
—————$48.0031.05%$0.40$0.4487
—————$48.5031.15%$0.52$0.55029
—————$49.0031.11%$0.64$0.6910422
02$2.53$2.91—$49.5031.91%$0.81$0.90514
141985$2.30$2.57—$50.0032.15%$0.99$1.1032,956230
53314$1.71$2.00—$51.00—————
2414$1.30$1.5131.70%$52.00—$1.85$2.0910
96990$1.10$1.2731.37%$52.50—$2.29$2.401,122102
3015$0.94$1.1532.18%$53.00—$2.54$2.7303
3919$0.66$0.8031.89%$54.00—$3.10$3.5540
3151,517$0.46$0.5932.45%$55.00—$3.85$4.359830
144$0.32$0.3932.44%$56.00—————
180$0.21$0.3133.42%$57.00—————
—————$57.50—$6.10$6.553980

Forward $51.43. The 25-delta put carries -1.34 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 33.22%±4.97skew -3.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$6.25$6.90—$45.00—————
—————$46.0031.60%$0.22$0.2830
—————$47.0031.74%$0.35$0.4621,0805
—————$48.0031.60%$0.55$0.67592
010$3.00$3.65—$49.0031.59%$0.81$0.9715,5832
016$2.41$2.94—$50.0032.50%$1.17$1.43462
214$1.93$2.43—$51.0033.51%$1.62$1.9960
1651$1.49$1.8833.08%$52.00—$2.17$2.55350
9269$1.19$1.5434.32%$53.00—$2.60$3.20820
1795$0.90$1.1934.39%$54.00—$3.25$3.90220
424$0.66$0.9835.12%$55.00—$4.00$4.701040
1115$0.48$0.7835.58%$56.00—$4.80$5.5010
631$0.35$0.5234.81%$57.00—$5.65$6.3510
273$0.26$0.4335.85%$58.00—————

Forward $51.38. The 25-delta put carries -3.52 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 36.24%±6.00skew -4.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$45.0032.72%$0.23$0.28130
—————$46.0032.52%$0.36$0.4161
01$4.70$5.40—$47.0032.85%$0.54$0.63271
03$3.90$4.55—$48.0032.82%$0.79$0.87342
10$3.25$3.80—$49.0034.32%$1.10$1.36110
0132$2.68$3.30—$50.0034.56%$1.48$1.794612
091$2.18$2.77—$51.0035.01%$1.95$2.3041
070$1.90$2.3236.54%$52.00—$2.49$2.8471
07$1.51$1.9236.64%$53.00—$2.84$3.50124
4110$1.19$1.5836.82%$54.00—$3.50$4.201020
3126$0.93$1.1836.06%$55.00—$4.20$4.95200
181$0.72$1.0537.27%$56.00—$5.00$5.75580
2210$0.56$0.8137.18%$57.00—————
689$0.43$0.5336.03%$58.00—————
721$0.26$0.4038.04%$60.00—$8.60$9.256481

Forward $51.35. The 25-delta put carries -4.45 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 33.81%±6.98skew -2.08
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$42.5034.20%$0.19$0.302040
042$5.20$7.20—$45.0032.90%$0.50$0.5517314
212$4.15$5.25—$47.5033.00%$1.10$1.1331568
26581$3.45$3.50—$50.0033.65%$2.05$2.1380105
292674$2.25$2.3033.88%$52.50—$3.35$3.4523156
322270$1.43$1.5334.72%$55.00—$4.65$5.20260
14434$0.87$0.9635.09%$57.50—————
3084$0.48$0.5835.05%$60.00—$8.90$9.551050

Forward $51.37. The 25-delta put carries -2.08 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 33.65%±8.47skew -1.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$22.00$25.70—$27.50—————
08$19.50$22.55—$30.00—————
022$14.60$18.15—$35.00—————
03$12.25$14.40—$37.50—————
0325$10.35$11.75—$40.00—————
073$8.15$9.70—$42.50—————
10262$6.90$7.60—$45.0032.99%$0.81$0.903,9412
32126$5.40$5.65—$47.5032.89%$1.48$1.591,32325
61865$4.05$4.15—$50.0033.06%$2.47$2.592,1271
57767$2.88$2.9633.69%$52.50—$3.80$3.951,5621
1773,516$1.99$2.0533.81%$55.00—$5.40$5.551,7646
1938,098$1.35$1.4334.29%$57.50—$7.35$7.6066041
634,877$0.83$0.9934.29%$60.00—$9.35$9.5065179
21,127$0.49$0.7635.07%$62.50—$11.10$13.503210
91,428$0.36$0.5436.26%$65.00—$13.55$15.701090

Forward $51.54. The 25-delta put carries -1.40 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.