Options Skew Analytics

EXPE option chain

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

Data as of 22 September 2026 (end of day)

2026-12-18(87 days)ATM 49.46%±67.21skew +2.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
023$101.50$105.80—$175.00—————
015$97.00$101.00—$180.00—————
07$92.00$96.50—$185.00—————
046$88.00$91.80—$190.00—————
0460$83.20$87.30—$195.00—————
0178$78.80$82.90—$200.00—————
0271$70.00$74.30—$210.00—————
0134$61.70$66.00—$220.00—————
0221$53.80$58.20—$230.0051.49%$6.40$9.802256
041$46.60$51.00—$240.0050.78%$8.70$12.701390
26362$40.10$44.40—$250.0050.03%$12.10$15.505213
10158$34.10$38.20—$260.0049.77%$15.60$19.805571
0135$29.00$32.80—$270.0049.23%$20.10$24.0012538
3131$23.90$27.6049.46%$280.00—$25.50$29.301330
3150$19.60$23.7049.45%$290.00—$31.10$34.80457
266$15.80$19.7048.80%$300.00—$37.10$41.401971
41614$12.50$16.6048.50%$310.00—$44.00$48.202276
0190$10.20$13.6048.36%$320.00—$51.30$55.50220
1146$8.00$11.7048.63%$330.00—$59.20$63.2080
428$6.00$10.0048.58%$340.00—$67.50$71.4060
—————$380.00—$103.00$107.6020

Forward $278.33. The 25-delta put carries +2.21 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 47.33%±74.24skew +2.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$93.70$97.90—$185.00—————
0133$89.40$93.50—$190.00—————
058$84.80$89.00—$195.00—————
0608$80.40$84.70—$200.00—————
047$72.00$76.40—$210.0050.89%$4.30$7.001,3703
086$64.00$68.40—$220.0052.02%$7.20$9.301296
3175$56.50$60.90—$230.0048.77%$7.70$11.402,9526
0257$50.00$53.40—$240.0049.47%$11.30$14.603222
0665$43.40$47.30—$250.0048.46%$14.50$17.601064
4326$37.70$41.50—$260.0048.46%$18.10$22.30450
1207$31.90$36.00—$270.0047.70%$22.60$26.303521
2265$27.10$31.4047.91%$280.00—$27.60$32.00400
0205$22.60$26.9047.30%$290.00—$33.50$37.30750
6411$19.10$22.4046.70%$300.00—$39.50$43.60910
0174$15.90$19.9047.23%$310.00—$46.20$50.405210
0682$12.90$16.3046.29%$320.00—$53.30$57.40850
19240$10.90$14.2046.85%$330.00—$60.90$65.10670
0249$8.50$12.5046.82%$340.00—$69.00$73.10370
14605$6.70$10.8046.78%$350.00—$77.30$81.40340
—————$360.00—$86.00$90.00120
—————$370.00—$95.00$99.4080

Forward $279.44. The 25-delta put carries +2.69 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 48.44%±95.20skew +2.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$97.50$101.60—$185.00—————
01$93.50$97.70—$190.00—————
010$89.50$93.70—$195.0053.08%$5.50$8.80162
048$85.50$89.70—$200.0052.16%$6.20$9.504682
07$77.70$82.10—$210.0051.61%$8.10$11.90450
046$70.50$74.80—$220.0050.38%$10.00$14.301272
052$64.00$68.00—$230.0050.28%$13.20$17.309090
028$57.50$61.50—$240.0050.11%$16.50$21.00460
067$51.40$55.50—$250.0049.98%$20.50$24.901350
024$45.80$50.00—$260.0049.80%$25.00$29.105512
10041$40.70$44.40—$270.0049.26%$29.50$33.60470
345$36.10$39.90—$280.0048.92%$34.50$38.70433
1753$31.60$35.9048.71%$290.00—$40.50$44.20180
10025$27.60$32.0048.40%$300.00—$46.20$50.50470
056$24.40$28.4048.34%$310.00—$52.60$56.70280
076$21.30$24.9047.96%$320.00—$59.50$63.8080
122$18.40$22.4047.95%$330.00—$66.70$70.9090
058$16.00$19.9047.90%$340.00—$74.20$78.2020
144$13.50$17.5047.45%$350.00—$82.00$86.00140
0105$11.90$15.8047.82%$360.00—————
016$9.80$14.0047.40%$370.00—————

Forward $281.43. The 25-delta put carries +2.72 volatility points over the 25-delta call.

2027-04-16(206 days)ATM 47.81%±101.42skew +3.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$112.30$116.20—$170.00—————
—————$210.0050.49%$9.00$13.20270
—————$230.0050.02%$15.00$19.1040
02$59.70$64.00—$240.00—————
—————$250.0048.88%$22.00$26.2020
01$48.50$52.10—$260.00—————
02$43.30$47.50—$270.0048.96%$31.60$35.6006
01$38.60$42.90—$280.0048.38%$36.50$40.4010
01$30.50$34.5047.84%$300.00—————
—————$320.00—$61.00$65.0010
01$20.60$24.9047.19%$330.00—————
31$18.60$21.7047.04%$340.00—————
02$13.60$17.9046.81%$360.00—————
03$8.70$12.9046.56%$390.00—————
01$7.40$11.5046.40%$400.00—————

Forward $282.36. The 25-delta put carries +3.46 volatility points over the 25-delta call.

2027-06-17(268 days)ATM 48.43%±117.99skew +3.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$99.60$103.90—$190.0052.42%$8.00$12.1050
—————$195.0052.03%$9.00$13.20320
03$92.30$96.50—$200.0051.87%$10.50$14.20111
04$85.20$89.60—$210.00—————
—————$220.0050.98%$16.00$20.0030
01$72.40$76.50—$230.0050.93%$19.50$23.7050
05$66.50$70.40—$240.0050.41%$23.00$27.4090
—————$250.0049.99%$27.00$31.40140
15$55.20$59.50—$260.0049.65%$31.50$35.70110
07$50.20$54.50—$270.0049.51%$36.50$40.5060
06$45.90$50.00—$280.0049.39%$41.50$46.0090
02$41.40$45.5048.87%$290.00—$47.00$51.30110
318$37.60$41.7048.77%$300.00—$53.00$57.1060
07$33.80$38.0048.43%$310.00—$59.50$63.1090
07$30.30$34.7048.16%$320.00—$66.00$70.3040
025$27.40$31.6048.04%$330.00—$72.50$76.90100
06$24.30$28.8047.70%$340.00—$80.00$84.10260
08$21.70$26.2047.50%$350.00—$87.10$91.4070
02,003$19.80$23.3047.27%$360.00—$95.00$99.00100
07$17.60$21.1047.03%$370.00—$103.00$107.2020
04$15.50$19.8047.17%$380.00—————

Forward $284.33. The 25-delta put carries +3.76 volatility points over the 25-delta call.

2027-09-17(360 days)ATM 48.62%±138.36skew +3.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$180.0053.08%$9.40$13.9010
03$98.40$103.00—$200.0051.63%$14.00$18.9010
03$91.80$96.50—$210.00—————
01$85.10$90.00—$220.0050.88%$20.50$25.1010
01$79.30$84.00—$230.0050.31%$24.00$28.5001
—————$240.0049.73%$28.00$31.90315
02$68.00$72.50—$250.0049.92%$32.50$36.80762
30$63.50$67.50—$260.0049.63%$37.00$41.4043
41$60.00$62.90—$270.0049.46%$42.00$46.3022
12$54.00$58.40—$280.0049.41%$47.50$51.5053
04$49.50$53.9049.24%$290.00—$53.00$57.0070
02$45.50$50.0048.96%$300.00—$58.50$62.9060
01$38.70$43.0048.66%$320.00—————
03$35.50$39.8048.43%$330.00—————
01$32.50$36.8048.18%$340.00—————
01$25.00$29.1047.69%$370.00—————
032$22.50$27.0047.41%$380.00—————
05$20.50$25.0047.27%$390.00—————
01$11.50$16.0046.70%$450.00—————
16$8.00$12.1046.75%$490.00—————

Forward $286.55. The 25-delta put carries +3.61 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.