Options Skew Analytics

EWZ option chain

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

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 31.73%±1.41skew +1.53
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$3.85$4.25—$28.00—————
—————$29.0040.22%$0.01$0.048130
—————$29.5036.82%$0.02$0.05194114
2020$1.89$2.27—$30.0035.60%$0.05$0.081,290117
45$1.47$1.78—$30.5033.72%$0.10$0.1253333
61654$1.15$1.32—$31.0033.43%$0.19$0.22889153
680$0.82$0.90—$31.5032.37%$0.33$0.351,437118
1611,265$0.57$0.59—$32.0031.82%$0.53$0.562,990215
138272$0.34$0.3731.26%$32.50—$0.80$0.8547454
2,5559,407$0.21$0.2231.90%$33.00—$1.10$1.432,08663
237579$0.11$0.1432.57%$33.50—————
58790$0.07$0.0934.46%$34.00—$1.91$2.168889
137666$0.03$0.0635.16%$34.50—$2.37$2.844370
1222,505$0.01$0.0435.92%$35.00—$2.25$3.308370
—————$35.50—$3.10$3.752412
—————$36.00—$3.60$4.55416
—————$37.00—$4.05$5.95106
—————$37.50—$5.05$6.3006
—————$38.00—$5.05$6.7506
—————$38.50—$5.80$7.75111
—————$39.00—$5.70$8.0506

Forward $32.04. The 25-delta put carries +1.53 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 30.29%±1.90skew +0.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
6438$4.85$5.30—$27.0043.23%$0.01$0.036,34918
55$4.30$4.80—$27.5040.67%$0.01$0.04390
084$3.80$4.30—$28.0039.83%$0.03$0.05102,05737
01$3.35$3.80—$28.5036.33%$0.03$0.061,64343
040$2.89$3.35—$29.0035.23%$0.06$0.0817,4791
04$2.44$2.82—$29.5033.46%$0.09$0.112,9921,765
01,393$2.03$2.35—$30.0032.53%$0.15$0.1647,137217
03$1.65$1.89—$30.5031.89%$0.22$0.264,06917
2951$1.32$1.47—$31.0031.04%$0.34$0.37159,170111
8263$1.05$1.08—$31.5030.56%$0.50$0.544,7862,340
1,0306,053$0.77$0.78—$32.0030.33%$0.72$0.7683,76510,404
361,237$0.53$0.5730.18%$32.50—$0.99$1.035,80418
1,6457,362$0.36$0.4030.26%$33.00—$1.32$1.3744,497230
1,784669$0.24$0.2630.14%$33.50—$1.63$1.826822
2,32628,336$0.16$0.1931.13%$34.00—$2.09$2.18150,79917
1,2401,078$0.10$0.1331.54%$34.50—————
97631,290$0.07$0.0932.54%$35.00—$3.00$3.1077,79426
21588$0.04$0.0733.41%$35.50—————
716,642$0.03$0.0534.63%$36.00—$3.95$4.1087,26410
2741,592$0.02$0.0435.96%$36.50—————
79163,767$0.02$0.0438.99%$37.00—$4.95$5.0569,398201

Forward $32.04. The 25-delta put carries +0.89 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 29.57%±2.28skew +2.95
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$27.0038.12%$0.01$0.05248
016$1.94$2.50—$30.00—————
059$1.48$1.70—$31.0031.28%$0.45$0.5381319
097$0.80$1.12—$32.0029.54%$0.77$0.9360919
220654$0.48$0.6229.83%$33.00—$1.35$1.58789148
16743$0.21$0.2928.33%$34.00—————
—————$35.00—$2.96$3.15660135
21426$0.05$0.0931.22%$36.00—$3.75$4.251,18766
—————$37.00—$4.65$5.3574125
6505$0.01$0.0533.82%$37.50—$5.45$5.60567434
—————$38.00—$5.65$6.1037614
—————$40.50—$6.40$10.5510
—————$42.50—$8.40$12.60500
—————$43.00—$8.90$13.0010

Forward $32.11. The 25-delta put carries +2.95 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 29.15%±2.59skew +2.80
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$26.0040.10%$0.02$0.05217
—————$27.0036.91%$0.04$0.0787
—————$29.0032.78%$0.17$0.1944961
—————$30.0031.53%$0.31$0.3657212
0724$1.55$1.87—$31.0030.38%$0.53$0.654830
10460$0.97$1.22—$32.0029.28%$0.85$1.108771
9198$0.57$0.7428.86%$33.00—$1.43$1.774081
389$0.28$0.4528.72%$34.00—$2.17$2.43264
24603$0.20$0.2229.68%$35.00—$2.97$4.25330
023$0.01$0.0634.12%$38.50—————
—————$40.00—$5.90$9.65110

Forward $32.12. The 25-delta put carries +2.80 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 32.81%±3.53skew +1.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$9.85$10.35—$22.0051.42%$0.02$0.0410,8690
020$8.85$9.35—$23.0046.99%$0.03$0.048,052540
0104$7.90$8.35—$24.0042.45%$0.03$0.057,8130
5190$7.00$7.35—$25.0039.84%$0.05$0.0736,8099
0210$5.95$6.40—$26.0036.33%$0.07$0.0913,5700
020,965$5.00$5.40—$27.0034.97%$0.13$0.1521,476442
114,980$4.10$4.45—$28.0033.76%$0.23$0.2521,674207
01,753$3.20$3.50—$29.0033.39%$0.40$0.4486,066444
2610,903$2.46$2.63—$30.0032.97%$0.66$0.71116,31865
206,547$1.81$1.86—$31.0032.26%$1.02$1.0638,198276
53182,615$1.25$1.2832.82%$32.00—$1.54$1.5846,551430
1,37862,395$0.81$0.8431.57%$33.00—$2.18$2.2224,46166
32133,713$0.51$0.5431.13%$34.00—$2.73$3.1534,53323
43230,854$0.31$0.3330.84%$35.00—$3.75$3.8560,246119
1,29021,768$0.18$0.2131.01%$36.00—$4.55$4.857,90328
87953,492$0.11$0.1331.47%$37.00—$5.50$5.8019,57962
49867,305$0.08$0.0932.92%$38.00—$6.55$6.7042,3717
444,911$0.04$0.0733.66%$39.00—————
23112,820$0.03$0.0535.01%$40.00—$7.00$8.9542,9820
17851,719$0.02$0.0436.39%$41.00—$7.50$11.4010,8010
237159,137$0.01$0.0438.21%$42.00—$9.45$12.5024,8983

Forward $31.70. The 25-delta put carries +1.84 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 29.93%±4.15skew +2.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0521$10.00$10.15—$22.0040.56%$0.02$0.052,944100
02,732$9.00$9.15—$23.0038.98%$0.04$0.0711,5601
0131$8.00$8.20—$24.0036.53%$0.06$0.092,0650
0573$7.05$7.20—$25.0034.62%$0.09$0.1312,8700
01,409$6.05$6.25—$26.0032.96%$0.15$0.181,48215
0229$5.10$5.30—$27.0032.08%$0.25$0.283,8711
0747$4.20$4.35—$28.0031.32%$0.40$0.4319,35829
0987$3.35$3.50—$29.0030.77%$0.62$0.653,1377
024,439$2.61$2.73—$30.0030.38%$0.92$0.9637,05791
01,488$1.98$2.05—$31.0030.00%$1.30$1.376,8590
2362,702$1.44$1.5029.91%$32.00—$1.80$1.8817,47168
50622,132$1.01$1.0528.96%$33.00—$2.43$2.4722,1615
4815,480$0.70$0.7428.77%$34.00—$3.10$3.251,6244
2729,708$0.48$0.5128.76%$35.00—$3.90$4.0517,87014
1628,341$0.33$0.3528.98%$36.00—$4.75$4.908,5231
588,953$0.22$0.2329.02%$37.00—$5.65$5.8044,8091
3345,331$0.15$0.1629.49%$38.00—$6.60$6.759,0010
01,820$0.10$0.1230.15%$39.00—$7.55$7.708540
39155,076$0.07$0.0930.91%$40.00—$8.55$8.6516,1370
042,346$0.04$0.0731.31%$41.00—$9.45$9.658900
019,454$0.03$0.0531.97%$42.00—$10.50$10.657,5320

Forward $31.63. The 25-delta put carries +2.01 volatility points over the 25-delta call.

2027-02-19(105 days)ATM 29.22%±4.96skew +1.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$22.0036.77%$0.05$0.08120
—————$24.0033.80%$0.12$0.156910
01$6.90$7.40—$25.0032.49%$0.18$0.21104
—————$26.0031.93%$0.28$0.32230
—————$27.0031.34%$0.42$0.47201
—————$28.0030.86%$0.62$0.671250
—————$29.0030.38%$0.88$0.935240
167$2.89$3.05—$30.0029.85%$1.20$1.261,0024
1133$2.29$2.37—$31.0029.41%$1.59$1.68850
550$1.77$1.8429.23%$32.00—$2.08$2.192050
11203$1.35$1.4228.91%$33.00—$2.44$3.30360
145$1.02$1.0828.77%$34.00—————
046$0.76$0.8128.70%$35.00—————
1031$0.56$0.6128.78%$36.00—————
12$0.41$0.4628.96%$37.00—————
0207$0.30$0.3429.11%$38.00—————
32$0.22$0.2629.47%$39.00—————
1251$0.16$0.2029.83%$40.00—————
093$0.11$0.1529.95%$41.00—————
020$0.08$0.1230.45%$42.00—————
10$0.06$0.0930.79%$43.00—————

Forward $31.67. The 25-delta put carries +1.60 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 29.67%±5.69skew +1.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$9.85$10.35—$22.0035.62%$0.08$0.123560
02$8.85$9.35—$23.0035.05%$0.15$0.163110
010$7.90$8.40—$24.0033.40%$0.18$0.233370
012$7.05$7.45—$25.0032.75%$0.28$0.328,19949
01$6.05$6.50—$26.0032.03%$0.40$0.458,263123
0121$5.25$5.60—$27.0031.46%$0.57$0.622,281144
15$4.50$4.80—$28.0031.11%$0.80$0.85826103
088$3.75$4.00—$29.0030.71%$1.08$1.141,93961
50337$3.15$3.30—$30.0030.15%$1.42$1.4738,248559
2210$2.58$2.68—$31.0029.80%$1.82$1.907,7333
71,243$2.08$2.1829.73%$32.00—$2.31$2.425,0910
641,165$1.67$1.7329.44%$33.00—$2.90$3.0013,6430
06,986$1.31$1.3929.35%$34.00—$3.10$4.2513,8210
2729,676$1.02$1.0829.13%$35.00—————
3013,394$0.80$0.8529.25%$36.00—————
3534,100$0.62$0.6629.30%$37.00—$5.85$6.1517,6840
6210,466$0.47$0.5329.51%$38.00—$5.45$8.4017,3480
1351,018$0.36$0.4129.61%$39.00—————
46954,809$0.28$0.3129.72%$40.00—$6.60$10.653750
642,085$0.21$0.2630.15%$41.00—$8.40$11.151,1981
813,508$0.17$0.2130.65%$42.00—$8.50$12.355,0950

Forward $31.76. The 25-delta put carries +1.86 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.