Options Skew Analytics

EXPE 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 55.62%±20.11skew +0.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
11$23.80$27.00—$237.50—————
08$21.90$24.90—$240.00—————
11$19.60$22.80—$242.50—————
—————$245.0056.70%$2.00$2.701323
—————$247.5055.33%$2.30$3.30119
30$14.20$15.30—$250.0055.39%$2.90$4.1097
—————$252.5057.28%$3.80$5.30114
—————$255.0053.69%$4.40$5.60523
—————$257.5053.77%$5.40$6.70125
121$7.80$9.20—$260.0055.39%$6.60$8.307198
10$6.80$7.9055.74%$262.50—$7.70$9.10120
20$5.80$7.5058.40%$265.00—$9.10$10.403218
—————$267.50—$10.00$12.80713
2512$4.10$4.3053.75%$270.00—$12.30$13.707035
—————$272.50—$14.10$15.6040
134$2.60$3.4055.04%$275.00—$15.00$17.70911
226$2.00$2.8554.75%$277.50—$16.70$19.7030
1311$1.60$2.4055.09%$280.00—$18.60$21.80133
—————$282.50—$21.20$24.0081
—————$285.00—$23.00$26.50451
—————$287.50—$25.30$28.5054

Forward $261.05. The 25-delta put carries +0.29 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 52.35%±26.77skew +2.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
85$32.20$34.70—$230.00—————
24$23.80$26.10—$240.0055.38%$3.10$3.702575
036$16.50$17.60—$250.0053.84%$5.70$6.507062
20$13.70$14.40—$255.0052.93%$7.40$8.401930
3593$10.80$11.60—$260.0052.51%$9.60$10.709038
510$8.40$9.3052.20%$265.00—$12.20$13.40724
24249$6.40$7.3051.83%$270.00—$15.30$16.4049160
22$5.10$5.6052.31%$275.00—$17.90$19.70550
780$4.40$5.4053.63%$277.50—$19.70$21.70550
15154$3.70$4.3051.97%$280.00—$21.60$23.8059512
558$3.10$4.2053.18%$282.50—$23.00$25.90470
112$2.65$3.7053.30%$285.00—$25.10$27.90520
211$2.25$2.8051.74%$287.50—$27.10$30.40530
92219$1.90$2.7553.08%$290.00—$29.20$32.006411
—————$292.50—$31.70$34.10360
—————$295.00—$34.00$36.90190
—————$297.50—$36.00$38.80950
—————$300.00—$38.20$41.801354
—————$302.50—$40.60$44.1060
—————$305.00—$43.10$46.101645
—————$307.50—$45.40$48.8030

Forward $261.05. The 25-delta put carries +2.20 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 49.62%±31.11skew +3.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$50.10$53.80—$210.00—————
11$37.20$40.10—$225.00—————
01$33.10$35.70—$230.0054.32%$2.30$3.20156
02$28.80$31.60—$235.0051.85%$2.90$3.80101
03$24.80$27.40—$240.00—————
02$21.30$23.70—$245.0051.77%$5.40$6.6050
—————$250.0050.83%$7.10$8.0096
—————$255.0050.60%$9.00$10.10170
20$12.70$13.40—$260.0049.71%$11.00$12.40560
—————$265.00—$13.60$15.20107
021$8.00$9.4049.49%$270.00—$16.50$17.90490
015$6.20$7.2048.20%$275.00—$18.90$21.3090
02$5.10$5.9049.16%$280.00—$22.60$24.8021
446$3.70$4.6048.30%$285.00—————
—————$290.00—$30.10$32.801310
4100$2.15$2.7548.31%$295.00—$34.40$37.9080
—————$305.00—$43.30$46.2040
—————$315.00—$52.70$56.4021
—————$320.00—$57.50$61.2010
—————$360.00—$97.30$100.8010

Forward $261.35. The 25-delta put carries +3.47 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 49.51%±35.91skew +2.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$84.70$87.80—$175.00—————
01$50.50$54.30—$210.00—————
01$41.60$45.30—$220.00—————
02$37.40$41.00—$225.00—————
01$33.30$36.90—$230.00—————
—————$240.0050.61%$5.10$6.30114
—————$245.0050.70%$6.00$8.6040
—————$250.0050.71%$8.30$10.00351
—————$255.0050.46%$10.40$12.0010
—————$260.0050.31%$12.50$14.60214
20$12.10$13.5049.39%$265.00—$14.90$17.0011
02$9.90$11.2048.68%$270.00—$17.70$19.9010
12$8.00$10.2049.90%$275.00—————
23$6.20$7.9048.03%$280.00—$24.30$26.50410
13$5.10$7.7050.68%$285.00—————
0100$4.00$5.3048.07%$290.00—————
—————$295.00—$35.50$38.7010
2304$2.25$3.3047.00%$300.00—————
—————$315.00—$53.30$56.7052
—————$320.00—$58.00$61.9090
—————$340.00—$77.20$81.1010

Forward $261.84. The 25-delta put carries +2.55 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 47.44%±42.11skew +2.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
017$90.00$93.70—$170.00—————
023$85.20$88.80—$175.00—————
015$80.80$83.90—$180.00—————
07$75.40$79.10—$185.00—————
146$71.20$74.30—$190.00—————
2460$66.50$69.60—$195.00—————
0180$61.40$64.90—$200.0052.89%$0.90$1.501428
5271$53.00$55.40—$210.00—————
1127$44.30$47.20—$220.0050.39%$2.80$3.804925
2201$36.20$39.00—$230.0049.90%$4.90$5.7028914
041$28.90$30.40—$240.0049.56%$7.50$8.7015731
24352$22.10$24.10—$250.0048.72%$10.90$12.30564349
10152$16.90$18.40—$260.0047.90%$15.20$16.801371
7141$12.30$13.8047.19%$270.00—$20.00$22.201712
1124$9.10$10.1047.24%$280.00—$26.20$28.6021710
7143$6.40$7.2046.88%$290.00—$33.10$35.701600
102194$4.30$5.1046.56%$300.00—$41.00$44.202370
4653$3.00$3.6046.88%$310.00—$49.70$52.603011
—————$320.00—$59.10$62.00933
—————$330.00—$68.10$71.30100
—————$340.00—$77.60$80.9080

Forward $261.66. The 25-delta put carries +2.99 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 45.61%±52.65skew +4.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
112$87.00$90.10—$175.00—————
114$82.30$85.50—$180.00—————
04$77.60$80.80—$185.00—————
20236$73.00$76.20—$190.00—————
2160$68.50$71.60—$195.00—————
22608$64.00$66.80—$200.00—————
046$55.70$58.70—$210.0050.47%$3.70$4.401,7542
089$47.60$50.50—$220.0048.87%$5.30$6.002928
0175$40.00$42.90—$230.0048.82%$7.70$8.802,085176
0249$33.00$35.70—$240.0048.04%$10.80$11.70417108
6661$26.80$29.90—$250.0047.91%$14.50$15.906525
14329$21.40$24.40—$260.0046.47%$18.30$20.302082
16208$17.00$19.0045.51%$270.00—$24.00$25.504431
6269$13.10$14.5044.50%$280.00—$30.00$31.804720
6217$9.90$11.4044.32%$290.00—$37.40$39.002200
104435$7.70$8.7044.39%$300.00—$45.00$46.302020
1194$5.80$6.7044.45%$310.00—$51.70$54.505200
6641$4.30$5.0044.29%$320.00—$61.70$62.9013037
2332$3.10$4.0044.64%$330.00—$69.40$72.20670
7314$2.45$3.0045.08%$340.00—$78.60$81.50370
—————$350.00—$88.10$91.30340

Forward $263.63. The 25-delta put carries +4.37 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 47.94%±76.66skew +4.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$89.80$93.30—$175.00—————
05$85.40$89.00—$180.00—————
09$81.30$84.80—$185.00—————
01$77.10$80.10—$190.0050.40%$3.70$5.60382
082$73.90$76.60—$195.0050.21%$4.50$6.50180
048$69.90$72.10—$200.0050.15%$5.50$7.504762
07$62.30$64.50—$210.0052.31%$9.00$10.60596
1046$55.10$58.10—$220.0050.02%$10.40$13.105,1030
052$48.70$51.40—$230.0050.15%$14.70$15.8092019
031$41.80$45.00—$240.0049.21%$17.70$19.70531
069$36.60$39.30—$250.0049.08%$22.50$23.701432
435$31.30$34.20—$260.0048.84%$27.40$28.506035
868$26.90$29.7048.66%$270.00—$31.80$34.50501
749$22.80$24.8047.65%$280.00—$38.50$39.80713
194$19.30$21.9047.97%$290.00—$44.00$46.80600
154$16.20$18.8047.78%$300.00—$50.60$53.50520
157$13.80$14.6046.55%$310.00—$59.00$60.50340
489$11.30$12.3046.21%$320.00—$65.50$67.9090
635,196$9.50$10.2046.08%$330.00—$73.60$76.5090
058$7.40$9.2046.20%$340.00—$81.90$84.9020
043$5.90$7.8046.00%$350.00—$90.70$93.70140

Forward $264.87. The 25-delta put carries +4.07 volatility points over the 25-delta call.

2027-04-16(161 days)ATM 47.00%±82.97skew +2.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$105.10$107.90—$160.00—————
02$96.00$98.60—$170.00—————
05$79.90$82.50—$190.0050.22%$4.70$7.3010
—————$195.0050.12%$5.70$8.3030
01$71.90$74.70—$200.0049.39%$6.70$9.0010
—————$210.0049.17%$9.20$11.50300
—————$220.0048.83%$12.10$14.40123
—————$230.0049.34%$16.40$17.8050
02$44.90$47.50—$240.0048.88%$19.90$21.9042
—————$250.0048.25%$24.30$25.8060
111$34.60$36.70—$260.00—————
23$29.70$32.4047.64%$270.00—$33.70$36.6080
32$26.00$27.4046.96%$280.00—$39.50$42.2010
110$22.10$24.1046.76%$290.00—$45.90$48.50270
62$18.90$20.7046.40%$300.00—$52.50$55.5080
39$16.00$18.5046.62%$310.00—$59.80$62.50150
02$13.50$16.0046.41%$320.00—$67.20$70.0010
02$11.30$14.0046.35%$330.00—————
029$9.50$12.0046.16%$340.00—————
02$6.50$9.3046.24%$360.00—————
01$5.40$8.1046.26%$370.00—$109.60$112.5010

Forward $265.82. The 25-delta put carries +2.67 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.