Options Skew Analytics

FIG option chain

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

Data as of 25 September 2026 (end of day)

2026-10-02(7 days)ATM 62.18%±1.80skew -2.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
24$5.25$7.95—$15.00—————
02$4.50$6.10—$16.00—————
093$3.30$4.20—$17.50—————
296294$2.81$3.05—$18.0063.32%$0.02$0.0420917
691$2.35$2.73—$18.5058.55%$0.03$0.06504
299294$1.85$2.10—$19.0059.82%$0.09$0.11152178
09$1.49$2.03—$19.5059.91%$0.17$0.20317208
139117$1.10$1.30—$20.0060.54%$0.31$0.332,286260
1753$0.86$0.96—$20.5060.79%$0.48$0.53715282
147182$0.65$0.7162.18%$21.00—$0.73$0.79486128
894906$0.42$0.5060.88%$21.50—$1.03$1.10358531
1,371297$0.30$0.3562.77%$22.00—$1.36$1.46550289
359366$0.18$0.2462.56%$22.50—$1.43$1.91414132
2,256743$0.12$0.1663.79%$23.00—$2.14$2.37147158
27134$0.09$0.1267.33%$23.50—$2.60$2.84967
201453$0.06$0.0767.33%$24.00—$2.92$3.304067
99259$0.03$0.0872.18%$24.50—$2.36$3.80480
4691,724$0.01$0.0365.85%$25.00—$3.60$4.30803
—————$25.50—$4.05$4.75220
531,250$0.01$0.0377.62%$26.00—$3.85$5.751030
—————$26.50—$4.80$5.851810

Forward $20.92. The 25-delta put carries -2.01 volatility points over the 25-delta call.

2026-10-09(14 days)ATM 63.40%±2.60skew -2.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$5.40$7.30—$15.00—————
01$4.25$6.60—$16.00—————
—————$17.5060.26%$0.04$0.093215
—————$18.5058.54%$0.13$0.20915
021$2.02$2.65—$19.0059.61%$0.24$0.301327
—————$19.5060.80%$0.37$0.46603
—————$20.0060.54%$0.55$0.6149732
54$1.14$1.26—$20.5060.96%$0.76$0.832814
5822$0.95$1.0363.47%$21.00—$0.99$1.18779356
10313$0.71$0.8062.00%$21.50—$1.30$1.409036
208171$0.57$0.6062.30%$22.00—$1.63$2.0939262
—————$22.50—$1.73$2.2010122
229790$0.31$0.3863.44%$23.00—$2.09$2.581219
—————$23.50—$2.00$3.20910
611,370$0.17$0.2565.91%$24.00—$2.83$3.50411
1184$0.11$0.1864.83%$24.50—$3.25$3.95224
175260$0.10$0.1467.17%$25.00—$3.80$4.40392
—————$25.50—$4.25$4.90142
—————$26.00—$3.70$5.4040
—————$26.50—$5.20$5.85220
—————$27.00—$4.85$6.90200

Forward $20.90. The 25-delta put carries -2.64 volatility points over the 25-delta call.

2026-10-16(21 days)ATM 63.69%±3.19skew -4.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
50239$5.80$6.35—$15.0077.90%$0.02$0.081,2880
0368$3.40$4.05—$17.50—————
080$3.00$4.40—$18.0058.55%$0.15$0.252841
04$2.55$3.95—$18.5059.51%$0.24$0.37281
—————$19.0061.63%$0.43$0.491344
—————$19.5061.80%$0.59$0.652625
496,121$1.67$1.81—$20.0061.57%$0.77$0.849,30954
40$1.37$1.82—$20.5057.65%$0.80$1.10692
1328$1.15$1.2863.28%$21.00—$1.25$1.3819826
5275$0.98$1.0664.17%$21.50—$1.54$1.64312
27176$0.77$0.8562.82%$22.00—$1.84$1.987212
842,329$0.65$0.7264.49%$22.50—$2.15$2.332,235196
50414$0.51$0.5964.35%$23.00—$2.50$2.802781
0149$0.43$0.4965.64%$23.50—$2.90$3.15232
33130$0.34$0.4065.86%$24.00—$3.00$3.55275
77$0.27$0.3366.39%$24.50—————
3626,181$0.22$0.2867.53%$25.00—$3.95$4.403,90743
—————$25.50—$3.30$5.20140
—————$26.00—$3.95$6.10310
—————$26.50—$4.25$6.6571
—————$27.00—$4.70$7.0550

Forward $20.90. The 25-delta put carries -4.01 volatility points over the 25-delta call.

2026-10-23(28 days)ATM 63.39%±3.68skew -1.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$5.05$8.05—$15.00—————
25$3.40$5.40—$17.00—————
—————$18.0061.72%$0.30$0.381659
—————$18.5063.96%$0.44$0.55680
02$2.45$3.15—$19.0066.73%$0.59$0.80319131
1010$1.67$2.47—$20.0062.21%$0.95$1.011,08383
2234$1.40$1.4763.38%$21.00—$1.43$1.556189
05$1.15$1.2963.41%$21.50—$1.72$1.85321
1094$0.97$1.2566.93%$22.00—$2.01$2.312255
0281$0.84$1.1569.34%$22.50—$2.11$2.558850
5359$0.71$0.8666.49%$23.00—$2.36$2.983220
1124$0.60$0.7366.84%$23.50—$2.30$3.50610
162$0.47$0.6867.90%$24.00—$3.05$3.75390
514$0.40$0.5667.92%$24.50—$3.55$4.20390
12217$0.33$0.4065.81%$25.00—$2.97$4.60560
117$0.29$0.3868.29%$25.50—————
2295$0.16$0.2670.51%$27.00—$5.95$6.457046
—————$27.50—$5.55$7.0520
—————$28.00—$5.70$7.5570
—————$29.00—$7.00$8.50300
—————$29.50—$7.50$9.0030

Forward $20.94. The 25-delta put carries -1.17 volatility points over the 25-delta call.

2026-10-30(35 days)ATM 68.23%±4.42skew -7.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
100104$5.80$6.50—$15.00—————
015$4.35$6.75—$16.00—————
024$3.90$5.80—$17.0061.76%$0.23$0.28181154
158452$3.65$4.20—$17.50—————
—————$18.5061.18%$0.52$0.645112
—————$19.0065.00%$0.64$1.0027939
—————$19.5061.40%$0.81$1.044331
43$2.00$2.84—$20.0062.47%$1.12$1.201,66823
113$1.68$2.25—$20.5061.06%$1.30$1.429013
22$1.41$1.8565.15%$21.00—$1.55$1.9027942
218$1.35$1.6668.58%$21.50—$1.68$2.13644
59114$1.12$1.4066.49%$22.00—$1.97$2.3918318
173463$0.92$1.3468.12%$22.50—$2.32$2.90883
243$0.90$1.1970.90%$23.00—$2.55$3.25251
18$0.69$1.0068.23%$23.50—$2.75$3.6590
832$0.62$1.0272.43%$24.00—$3.60$4.0593
710$0.51$0.7668.87%$24.50—$3.90$4.3031
22234$0.44$0.6869.73%$25.00—————
727$0.32$0.5266.49%$25.50—————
3430$0.33$0.5070.12%$26.00—$4.30$5.75292
—————$26.50—$4.35$6.8040

Forward $20.90. The 25-delta put carries -7.69 volatility points over the 25-delta call.

2026-11-20(56 days)ATM 77.19%±6.35skew -3.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$12.5078.86%$0.08$0.1158860
09$5.60$7.55—$15.0075.47%$0.30$0.362105
070$4.25$5.70—$17.5073.38%$0.84$0.901,71233
69224$2.81$2.94—$20.0074.11%$1.87$1.91257135
504697$1.84$2.0177.51%$22.50—$3.25$3.4051431
2051,423$1.16$1.2076.67%$25.00—$4.90$5.255131
1841,217$0.41$0.5479.17%$30.00—$8.95$9.6590
—————$35.00—$12.70$14.35211

Forward $20.99. The 25-delta put carries -3.29 volatility points over the 25-delta call.

2027-01-15(112 days)ATM 72.47%±8.50skew -2.53
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$16.95$20.55—$2.50—————
027$14.80$18.10—$5.00—————
050$12.70$15.60—$7.50—————
0278$10.75$12.60—$10.00—————
0212$8.45$9.60—$12.5074.67%$0.29$0.341,60286
18845$6.80$7.15—$15.0072.06%$0.67$0.825,72265
71597$5.05$5.45—$17.5072.49%$1.52$1.596,88023
142,233$3.75$3.90—$20.0072.09%$2.63$2.714,79564
416,866$2.76$2.8672.45%$22.50—$4.05$4.151,51126
7024,718$2.00$2.0872.55%$25.00—$5.80$5.957,12911
13410,867$1.12$1.1775.02%$30.00—$9.60$10.102,1381
1105,680$0.66$0.7878.99%$35.00—$14.10$14.652,1720
1149,193$0.30$0.4978.68%$40.00—$18.75$19.402,93023
—————$45.00—$23.60$24.451,6910
274,934$0.15$0.2384.36%$50.00—$28.55$29.403217
—————$55.00—$32.70$34.30100
—————$60.00—$37.60$40.0570
—————$75.00—$52.60$55.0510
0770$0.05$0.08101.13%$80.00—$57.60$60.1010

Forward $21.17. The 25-delta put carries -2.53 volatility points over the 25-delta call.

2027-02-19(147 days)ATM 75.69%±10.27skew -1.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$12.5078.60%$0.47$0.66464
—————$15.0076.18%$1.06$1.203853
04$5.55$6.30—$17.5076.43%$1.95$2.164154
08$4.35$5.05—$20.0076.34%$3.15$3.354120
185$3.40$3.8576.81%$22.50—$4.60$4.851850
21166$2.67$2.8175.12%$25.00—$5.75$6.652860
72825$1.65$1.9178.05%$30.00—$10.30$10.5515010
123492$1.06$1.1678.33%$35.00—$14.25$14.95300
—————$40.00—$18.10$20.35560
20124$0.50$0.6082.69%$45.00—$22.75$24.60120

Forward $21.38. The 25-delta put carries -1.90 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.