Options Skew Analytics

ETN 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 58.33%±22.05skew +9.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$26.30$29.10—$335.0064.58%$1.40$1.7533521
03$24.20$27.00—$337.5063.92%$1.60$2.2041
228$22.00$24.80—$340.0063.20%$1.90$2.654522
110$20.20$22.80—$342.5064.48%$2.55$3.30221
311$18.10$19.50—$345.0063.35%$3.00$3.808254
01$16.50$17.90—$347.5062.28%$3.60$4.3034
7455$14.50$16.40—$350.0061.00%$4.10$5.005545
61$12.90$14.50—$352.5059.86%$4.70$5.80212
911$11.20$13.80—$355.0062.59%$5.90$7.30210
98$9.90$11.40—$357.5060.06%$6.80$7.8041
714$8.60$10.80—$360.0060.56%$8.00$9.10494
32$7.30$8.8057.66%$362.50—$9.20$10.3012
962$6.10$7.6057.00%$365.00—$10.40$11.9031474
022$5.10$6.7057.27%$367.50—$12.00$13.30140
7176$3.90$5.3054.28%$370.00—$13.10$14.90244102
173$3.40$4.7055.86%$372.50—$15.30$16.60291
23189$2.75$3.6054.23%$375.00—$16.10$18.401,7420
19$2.25$3.0054.38%$377.50—$17.60$20.2010
1897$1.70$2.2552.76%$380.00—$19.60$22.402615
—————$382.50—$21.70$24.5050
38429$1.00$1.4052.02%$385.00—$23.90$26.7030

Forward $361.15. The 25-delta put carries +9.12 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 49.61%±31.10skew +5.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$29.30$31.90—$335.0058.48%$3.70$5.70—0
0—$27.30$29.90—$337.5055.91%$4.20$5.50—0
250$25.20$28.00—$340.0054.27%$4.70$5.701,0234
0—$23.40$25.30—$342.5054.40%$5.40$6.50—0
0—$21.80$23.70—$345.0053.74%$6.10$7.10—1
0—$20.10$22.20—$347.5053.27%$6.70$8.00—0
171$18.50$19.80—$350.0052.30%$7.50$8.6091981
0—$16.80$18.20—$352.5051.92%$8.30$9.60—0
11119$15.40$16.60—$355.0051.03%$9.10$10.503142
0—$13.90$15.20—$357.5051.68%$10.60$11.60—1
84165$12.50$13.80—$360.0050.40%$11.40$12.6026931
0—$10.70$12.8049.61%$362.50—$12.20$14.10—0
4150$9.90$11.4049.70%$365.00—$13.80$15.203551
20115$7.90$9.6050.17%$370.00—$16.70$18.103,7801
063$7.00$8.5049.74%$372.50—$18.10$19.80790
562$6.00$7.0047.89%$375.00—$18.70$21.30540
048$5.30$6.0047.39%$377.50—$21.60$23.10320
12360$3.90$5.7046.53%$380.00—$22.40$24.902481
217$3.90$5.4048.74%$382.50—$23.90$26.80122
3134$3.40$4.3047.49%$385.00—$26.00$28.703290
8617$2.90$3.6046.87%$387.50—$28.00$30.8070

Forward $361.15. The 25-delta put carries +5.52 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 46.70%±37.46skew +4.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$36.70$39.70—$327.5051.67%$3.50$5.10—0
—————$330.0049.38%$3.70$5.0044
0—$32.80$35.60—$332.5052.04%$4.30$6.80—0
11$30.70$33.60—$335.0051.39%$4.90$7.2041
0—$29.00$31.70—$337.5050.38%$5.60$7.40—0
05$27.40$29.40—$340.0048.67%$6.20$7.40220
1—$25.50$28.10—$342.5050.14%$6.70$9.30—0
1311$23.70$25.80—$345.0048.66%$7.50$9.4091
0—$22.10$24.30—$347.5048.60%$8.30$10.40—1
810$20.70$22.70—$350.0047.50%$9.40$10.602510
0—$18.80$21.50—$352.5047.87%$9.90$12.40—0
15$17.60$19.80—$355.0045.92%$10.80$12.5060
0—$16.00$18.50—$357.5046.51%$11.60$14.40—0
115$14.80$16.70—$360.0045.62%$13.20$14.70100
0—$12.90$15.5046.41%$362.50—$14.50$16.50—0
010$12.20$14.6047.44%$365.00—$15.70$17.2080
1234$9.90$11.7045.74%$370.00—$17.70$20.00190
34$7.80$9.7044.93%$375.00—$21.50$22.90110
823$6.30$8.6045.81%$380.00—$24.40$27.0050
121$5.00$6.9045.24%$385.00—$27.30$31.2030
3717$3.80$6.2045.98%$390.00—$31.20$34.6041

Forward $361.20. The 25-delta put carries +4.40 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 45.41%±43.07skew +6.66
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$310.0051.98%$2.35$3.3030
—————$315.0051.54%$2.90$4.10164
—————$320.0051.11%$3.90$4.70215
011$40.70$43.60—$325.0050.53%$4.60$5.80160
02$36.60$39.60—$330.0051.22%$5.60$7.60122
22$32.90$35.50—$335.0049.38%$6.70$8.2014255
36$29.60$32.00—$340.0050.27%$8.00$10.60820
01$26.20$28.50—$345.0047.98%$9.50$11.1013351
50$23.00$25.30—$350.0047.96%$11.40$13.101621
—————$355.0046.25%$12.70$14.9060
23$17.20$19.90—$360.0046.02%$15.20$17.0070
13$14.60$17.3045.41%$365.00—$17.60$19.40100
03$12.40$14.1043.93%$370.00—$20.40$22.1030
3032$10.40$11.8043.29%$375.00—$23.40$25.1090
104$8.60$9.8042.70%$380.00—$26.10$28.4020
22$6.70$8.4042.17%$385.00—————
06$5.00$7.5042.07%$390.00—$32.70$35.8030
22$4.40$6.3042.72%$395.00—————
322$3.60$4.6041.57%$400.00—$40.80$43.80120
31$2.85$3.7041.34%$405.00—————
06$2.05$3.1041.04%$410.00—————

Forward $362.46. The 25-delta put carries +6.66 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 43.73%±46.94skew +5.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$58.30$62.10—$305.00—————
—————$315.0051.92%$4.10$6.00410
—————$320.0049.90%$4.20$6.9090
—————$325.0051.75%$5.70$8.90200
076$38.30$41.80—$330.0048.62%$6.30$9.001090
0153$34.80$37.80—$335.0050.08%$8.00$11.301320
0130$31.80$34.70—$340.0049.28%$9.40$12.702070
0127$28.60$31.00—$345.0048.59%$11.30$14.00290
044$25.50$28.00—$350.0047.84%$12.80$16.00200
021$22.50$25.10—$355.0046.91%$14.60$17.90130
—————$360.0046.61%$17.10$20.0010
34$16.70$18.3043.66%$365.00—————
2155$14.60$17.4045.21%$370.00—————
—————$375.00—$24.90$27.80100
425$10.70$13.0044.20%$380.00—————
23$8.50$11.5043.53%$385.00—$31.30$34.8001
42$7.60$9.8043.79%$390.00—$35.20$38.2020
01$5.40$8.5042.36%$395.00—$38.30$41.8010
41$5.20$6.8042.70%$400.00—$42.20$45.7010
81$3.40$5.3040.31%$405.00—$46.30$49.9010
20$3.40$4.9042.31%$410.00—$50.40$54.0011

Forward $362.58. The 25-delta put carries +5.92 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 43.85%±52.04skew +6.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$101.60$104.50—$260.00—————
15$92.30$95.10—$270.00—————
15$82.60$85.60—$280.0058.17%$1.80$2.952182
016$73.60$76.40—$290.0054.31%$2.50$3.10912
1174$64.60$67.40—$300.0051.75%$3.20$4.003,52520
031$55.90$58.80—$310.0050.43%$4.60$5.302,69823
037$47.80$50.60—$320.0049.13%$6.30$7.1033618
349$40.20$43.00—$330.0048.05%$8.60$9.4045217
64251$33.40$35.90—$340.0047.07%$11.40$12.4082712
8266$27.10$29.50—$350.0046.11%$14.90$16.0036157
77295$21.50$23.80—$360.0044.97%$18.90$20.3040417
54240$16.60$18.1043.36%$370.00—$23.80$25.401985
13214$12.60$13.5042.29%$380.00—$29.90$31.305450
11305$9.30$10.6042.29%$390.00—$36.70$38.502700
34481$6.70$7.7041.58%$400.00—$43.20$46.004891
24656$4.70$5.5041.01%$410.00—$51.20$54.203,0051
12419$3.20$3.9040.59%$420.00—$59.90$62.901580
—————$430.00—$69.00$71.801900
—————$440.00—$78.40$81.30280
5271$0.80$1.3039.59%$450.00—$88.10$91.10301
—————$460.00—$97.90$102.00110

Forward $363.06. The 25-delta put carries +6.47 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 44.14%±56.21skew +4.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$310.0050.55%$4.80$7.4002
—————$315.0048.85%$5.10$8.2002
—————$320.0048.65%$6.70$8.903121
—————$325.0047.98%$7.30$10.5010
—————$330.0046.64%$8.20$11.50100
—————$340.0046.05%$11.50$14.50100
03$31.10$33.90—$345.0045.19%$13.00$16.1020
01$24.90$27.90—$355.0044.08%$17.00$19.8021
130$22.70$24.60—$360.0044.27%$19.80$22.1001
01$19.70$22.9044.25%$365.00—————
03$17.70$20.2043.89%$370.00—————
02$15.20$18.5043.69%$375.00—————
10$11.90$14.4043.28%$385.00—————
130$10.00$12.4042.34%$390.00—————
21$7.50$9.6042.17%$400.00—————
—————$410.00—$52.00$55.5030
20$2.90$4.8041.01%$425.00—————
—————$435.00—$73.90$77.4010

Forward $362.71. The 25-delta put carries +4.47 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 42.10%±65.56skew +5.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
029$103.70$106.50—$260.00—————
041$94.50$97.40—$270.0051.44%$2.20$3.404394
028$85.40$88.30—$280.00—————
127$76.70$79.50—$290.0047.65%$3.70$5.203582
088$68.50$71.00—$300.0047.99%$6.10$6.6030713
077$60.20$63.00—$310.0047.03%$8.00$8.402085
15221$52.60$55.40—$320.0046.09%$10.30$10.6069320
391$45.30$47.80—$330.0045.07%$12.80$13.4025831
7209$38.80$41.00—$340.0043.37%$15.10$16.601,1378
1183$32.60$34.90—$350.0043.49%$19.90$20.4071910
12323$27.30$28.70—$360.0042.87%$24.40$24.805896
14277$22.20$23.8042.07%$370.00—$28.50$31.007008
10214$17.90$19.8041.71%$380.00—$33.40$36.705730
15270$14.50$16.4041.67%$390.00—$40.50$43.304526
55952$11.40$12.4040.45%$400.00—$46.70$50.103860
17138$8.90$9.9040.19%$410.00—$54.20$57.607120
2979$6.60$8.3040.18%$420.00—$62.30$65.801,4170
12301$5.10$5.7039.05%$430.00—$70.80$74.301,2330
6248$3.50$4.5038.55%$440.00—$79.70$83.80330
5941$2.70$3.5038.71%$450.00—$88.90$92.501200
3281$1.75$2.8538.51%$460.00—$98.40$102.0020

Forward $363.43. The 25-delta put carries +5.90 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.