Options Skew Analytics

ETHA option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 59.88%±3.01skew +8.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
20$5.05$5.40—$43.0082.45%$0.17$0.196411
20$4.65$4.95—$43.5080.47%$0.21$0.2347170
22$4.20$4.50—$44.0076.73%$0.24$0.26774
20$3.75$4.05—$44.5074.22%$0.29$0.31615
786$3.30$3.60—$45.0071.68%$0.35$0.371,034337
212$2.84$3.15—$45.5068.97%$0.42$0.442841,179
20$2.44$2.69—$46.0066.92%$0.51$0.54108166
01$2.11$2.27—$46.5064.89%$0.62$0.66291118
160$1.81$1.90—$47.0063.26%$0.76$0.8167226
120$1.48$1.58—$47.5061.53%$0.93$0.9864459
2613$1.23$1.28—$48.0060.31%$1.14$1.19729236
3832$0.98$1.0259.22%$48.50—$1.39$1.47417125
24346$0.76$0.8158.47%$49.00—$1.67$1.7649438
89063$0.59$0.6458.39%$49.50—$2.00$2.08351100
4,239100$0.46$0.5058.67%$50.00—$2.35$2.541,126136
257152$0.35$0.3958.93%$50.50—$2.69$2.973003
725291$0.27$0.3059.44%$51.00—$3.05$3.355486
47534$0.21$0.2460.58%$51.50—$3.45$3.803331
4251,044$0.16$0.1961.47%$52.00—$3.90$4.252770
1,0001,246$0.13$0.1562.85%$52.50—$4.40$4.703350
44572$0.11$0.1365.25%$53.00—$4.85$5.205,3820

Forward $48.09. The 25-delta put carries +8.25 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 57.27%±4.78skew +6.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$43.0067.86%$0.47$0.50218
—————$44.0064.99%$0.61$0.6515
0—$4.20$4.55—$44.5063.87%$0.71$0.74—8
072$3.85$4.15—$45.0062.48%$0.81$0.84802141
2—$3.45$3.75—$45.5061.53%$0.93$0.97—8
05$3.10$3.30—$46.0060.57%$1.07$1.1123522
1—$2.77$3.05—$46.5059.72%$1.23$1.27—155
21$2.49$2.59—$47.0058.79%$1.40$1.451,692391
0—$2.16$2.31—$47.5058.20%$1.60$1.66—172
3234$1.95$2.00—$48.0057.61%$1.83$1.881,578386
18—$1.70$1.7557.14%$48.50—$2.07$2.13—529
2—$1.47$1.5256.65%$49.00—$2.22$2.42—33
815$1.27$1.3256.46%$49.50—$2.51$2.722212
30139$1.09$1.1456.27%$50.00—$2.88$3.102,11270
73929$0.93$0.9856.12%$50.50—$3.15$3.403761
469323$0.80$0.8456.22%$51.00—$3.50$3.8540620
49605$0.68$0.7256.29%$51.50—$3.90$4.252466
72576$0.58$0.6256.56%$52.00—$4.30$4.655190
37249$0.50$0.5356.93%$52.50—$4.70$5.052513
67777$0.44$0.4657.70%$53.00—$5.10$5.501962
2182$0.37$0.4058.05%$53.50—$5.55$5.95592

Forward $48.12. The 25-delta put carries +6.19 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 55.45%±5.93skew +4.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$5.80$5.95—$43.0062.06%$0.70$0.75—12
0—$5.00$5.15—$44.0060.31%$0.90$0.94—0
0—$4.60$4.75—$44.5059.49%$1.01$1.06—0
033$4.25$4.40—$45.0058.62%$1.14$1.1867110
0—$3.85$4.05—$45.5058.10%$1.29$1.33—0
1—$3.55$3.70—$46.0057.33%$1.44$1.49—5
0—$3.20$3.35—$46.5056.84%$1.62$1.67—6
01$2.93$3.05—$47.0056.33%$1.81$1.871291
111$2.64$2.75—$47.5055.80%$2.02$2.084620
223$2.40$2.47—$48.0055.60%$2.26$2.3231420
3—$2.17$2.2255.45%$48.50—$2.51$2.58—79
4018$1.93$1.9955.03%$49.00—$2.77$2.8626711
0—$1.73$1.7854.94%$49.50—$3.05$3.20—0
2899$1.54$1.5954.82%$50.00—$3.35$3.453599
0—$1.37$1.4254.81%$50.50—$3.65$3.85—0
0—$1.21$1.2654.68%$51.00—$4.00$4.20—0
0576$1.07$1.1254.71%$51.50—$4.35$4.504202
1031$0.95$0.9954.79%$52.00—$4.75$4.951620
2258$0.84$0.8955.10%$52.50—$5.15$5.30445
297291$0.74$0.7855.09%$53.00—$5.55$5.704,5641
043$0.66$0.7155.70%$53.50—$5.95$6.153800

Forward $48.15. The 25-delta put carries +4.39 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 54.18%±6.84skew +2.71
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$8.60$8.80—$40.0065.15%$0.49$0.54295
1221$4.55$4.75—$45.0057.03%$1.39$1.51160
36—$3.90$4.05—$46.0056.05%$1.72$1.84—8
—————$47.0055.54%$2.11$2.263410
01$3.00$3.20—$47.5055.12%$2.33$2.47816
02$2.77$2.94—$48.0054.82%$2.57$2.7025
066$2.29$2.4354.00%$49.00—$3.05$3.254651
18743$1.88$2.0253.76%$50.00—$3.65$3.85702
064$1.54$1.6753.75%$51.00—$4.30$4.50350
015$1.39$1.5253.82%$51.50—$4.65$4.85381
013$1.25$1.3853.85%$52.00—$5.00$5.25320
26354$1.14$1.1953.40%$52.50—$5.40$5.60530
432$1.04$1.1454.44%$53.00—$5.80$6.00280
234$0.91$1.0454.32%$53.50—$6.20$6.40260
2618$0.80$0.9454.21%$54.00—$6.60$6.80380
60110$0.72$0.8654.53%$54.50—$7.00$7.2560
1563$0.67$0.7855.07%$55.00—$7.45$7.65480
050$0.61$0.7155.43%$55.50—$7.85$8.1010
39267$0.51$0.6555.14%$56.00—$8.30$8.55271
0605$0.50$0.6056.25%$56.50—$8.75$9.0080
162$0.46$0.5556.75%$57.00—$9.20$9.4520

Forward $48.22. The 25-delta put carries +2.71 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 54.24%±7.75skew +2.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$4.85$5.10—$45.0056.79%$1.65$1.8763
0—$4.20$4.45—$46.0055.86%$2.01$2.20—6
—————$47.0054.99%$2.40$2.60210
—————$47.5054.90%$2.63$2.8410
918$3.10$3.30—$48.0054.41%$2.87$3.0553
10$2.88$3.0554.37%$48.50—$3.10$3.3502
200$2.65$2.8254.20%$49.00—$3.35$3.6029
200$2.44$2.6154.16%$49.50—————
124$2.24$2.4054.00%$50.00—$3.95$4.2010
02$2.05$2.2253.97%$50.50—$4.25$4.5096
1014$1.92$1.9853.74%$51.00—$4.60$4.8510
30$1.73$1.8653.85%$51.50—————
11$1.56$1.7353.85%$52.00—$5.30$5.55013
08$1.42$1.5953.85%$52.50—$5.65$5.9002
15$1.31$1.4654.06%$53.00—————
027$1.20$1.3554.28%$53.50—————
05$1.10$1.2454.44%$54.00—$6.80$7.0506
3037$1.00$1.1554.65%$54.50—————
9622$0.92$1.0454.69%$55.00—$7.60$7.902510
3030$0.84$0.9755.03%$55.50—————
13$0.72$0.8754.35%$56.00—————

Forward $48.24. The 25-delta put carries +2.15 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 54.10%±8.53skew +1.95
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
040$13.50$13.65—$35.0069.53%$0.30$0.361,20718
048$9.00$9.15—$40.0061.13%$0.77$0.866,672310
1038$5.20$5.35—$45.0056.11%$1.99$2.042,935296
2637$3.45$3.60—$48.0054.46%$3.20$3.35540290
57213$2.57$2.6953.86%$50.00—$4.30$4.4566725
1339$2.20$2.3253.74%$51.00—$4.90$5.1058844
1848$1.88$1.9953.69%$52.00—$5.55$5.7568316
2386$1.60$1.7153.75%$53.00—$6.30$6.504,5585
6197$1.36$1.4753.92%$54.00—$7.05$7.251550
87432$1.16$1.2654.16%$55.00—$7.85$8.003633
51273$0.99$1.0954.56%$56.00—$8.70$8.90991
442,141$0.85$0.9154.66%$57.00—$9.55$9.756150
3511,132$0.73$0.8255.56%$58.00—$10.40$10.6513120
241121$0.63$0.7256.21%$59.00—$11.30$11.557880
1,5765,832$0.55$0.6356.88%$60.00—$12.25$12.45467
5103$0.48$0.5657.66%$61.00—$13.15$13.40140
239447$0.42$0.4958.28%$62.00—$14.10$14.3530
450287$0.37$0.4258.75%$63.00—$15.05$15.30170
670577$0.32$0.3959.70%$64.00—$16.05$16.2580
97598$0.30$0.3460.62%$65.00—$17.00$17.2020
037$0.25$0.3361.57%$66.00—$18.00$18.20240

Forward $48.25. The 25-delta put carries +1.95 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 53.38%±9.05skew +1.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$40.0060.36%$0.90$0.992134
—————$45.0055.59%$2.13$2.27232
3—$4.80$4.95—$46.0054.95%$2.50$2.65—5
—————$47.0054.30%$2.93$3.0504
—————$47.5054.53%$3.15$3.35024
80$3.70$3.85—$48.0054.07%$3.40$3.55032
—————$48.50—$3.65$3.8001
01$3.20$3.3553.35%$49.00—$3.90$4.1033
11$3.00$3.1553.49%$49.50—————
10$2.81$2.9253.33%$50.00—$4.50$4.65120
10$2.44$2.5453.23%$51.00—————
01$2.27$2.3753.23%$51.50—————
11$2.11$2.2153.23%$52.00—————
10$1.96$2.0653.25%$52.50—————
30$1.82$1.9153.20%$53.00—————
50$1.69$1.7853.27%$53.50—$6.85$7.05460
500$1.57$1.6653.37%$54.00—$7.20$7.450212
110$1.45$1.5553.42%$54.50—$7.60$7.8030
4130$1.36$1.4453.62%$55.00—————
20$1.25$1.3553.70%$55.50—————
270$1.16$1.2653.84%$56.00—————

Forward $48.30. The 25-delta put carries +1.74 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 53.60%±11.14skew +4.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$18.50$18.70—$30.0071.85%$0.26$0.334,581604
03$13.90$14.10—$35.0063.58%$0.59$0.661,27635
06$9.65$9.85—$40.0058.11%$1.31$1.4265313
2374$6.15$6.35—$45.0055.13%$2.76$2.9361618
4992$3.70$3.8053.51%$50.00—$5.15$5.353840
126$3.25$3.4052.99%$51.00—$5.75$5.95551
433$2.90$3.0552.99%$52.00—$6.40$6.653370
136$2.59$2.7052.85%$53.00—$7.10$7.3038712
053$2.31$2.4252.98%$54.00—$7.80$8.05520
3742,313$2.05$2.1653.02%$55.00—$8.55$8.80743
1073$1.82$1.9453.19%$56.00—$9.30$9.5531511
22989$1.62$1.7353.34%$57.00—$10.10$10.40391
263$1.43$1.5553.46%$58.00—————
24088$1.27$1.4053.77%$59.00—$11.80$12.0510
3481,853$1.15$1.2654.21%$60.00—$12.65$12.90501
312$1.01$1.1354.33%$61.00—$13.50$13.80110
3415$0.93$1.0355.02%$62.00—$14.40$14.7050
0497$0.84$0.9255.32%$63.00—$15.35$15.65120
22327$0.76$0.8455.82%$64.00—$16.25$16.5540
299550$0.68$0.7656.13%$65.00—$17.20$17.5010
0126$0.62$0.6956.60%$66.00—$18.15$18.401230

Forward $48.49. The 25-delta put carries +4.64 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.