Options Skew Analytics

FSLR option chain

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

Data as of 22 September 2026 (end of day)

2026-09-25(3 days)ATM 48.20%±8.76skew -0.80
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
046$34.10$37.00—$165.00—————
01$23.65$26.95—$175.00—————
39$19.40$22.00—$180.00—————
024$16.40$19.45—$182.50—————
025$15.35$16.25—$185.00—————
143$11.55$14.75—$187.5050.77%$0.26$0.31109124
685$10.80$11.55—$190.0049.73%$0.47$0.5242582
241$8.65$9.10—$192.5048.87%$0.76$0.9113855
6110$6.75$7.15—$195.0048.04%$1.30$1.4031584
69131$5.10$5.35—$197.5048.20%$2.11$2.2017040
4722,472$3.65$3.90—$200.0048.24%$3.15$3.3034082
344159$2.51$2.7148.02%$202.50—$4.50$4.6553536
240668$1.68$1.8448.42%$205.00—$6.05$6.35427244
214199$1.09$1.2048.84%$207.50—$7.85$8.304449
352310$0.63$0.7648.70%$210.00—$9.90$10.3530239
5782$0.36$0.4749.01%$212.50—$11.15$13.95294
230545$0.19$0.2648.68%$215.00—$13.95$16.4097714
—————$217.50—$15.95$18.6516
—————$220.00—$18.40$20.85901
—————$225.00—$23.40$26.451,9081
—————$230.00—$28.40$31.5550

Forward $200.55. The 25-delta put carries -0.80 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 47.28%±15.71skew +0.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$28.85$32.50—$170.00—————
10$24.15$27.20—$175.00—————
03$19.40$22.55—$180.0046.56%$0.43$0.6153672
04$15.75$18.10—$185.0047.87%$1.02$1.389616
—————$187.5047.96%$1.45$1.88454
246$12.40$13.85—$190.0046.59%$1.98$2.2364240
04$9.90$12.55—$192.5048.15%$2.70$3.251273
1060$8.00$10.90—$195.0048.50%$3.50$4.2510318
3040$6.50$8.55—$197.5049.58%$4.45$5.602411
2079$6.25$7.30—$200.0048.48%$5.65$6.457110
2057$5.15$5.5546.60%$202.50—$6.85$8.5040
3346$4.10$4.6546.95%$205.00—$8.30$10.00682
1410$3.25$3.7046.72%$207.50—$9.15$11.75130
191228$2.59$2.9546.95%$210.00—$11.05$13.30776
226$2.00$2.2546.59%$212.50—$12.55$15.60018
6784$1.50$1.8046.77%$215.00—$14.65$16.65441
939$1.16$1.4347.28%$217.50—$16.80$19.7030
64357$0.71$1.1346.47%$220.00—$19.65$22.301,8101
—————$222.50—$21.45$24.5511
—————$225.00—$23.70$26.90241
44331$0.30$0.3949.28%$230.00—$28.50$31.65160

Forward $200.73. The 25-delta put carries +0.00 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 48.28%±20.90skew -0.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$34.45$37.35—$165.00—————
01$29.65$32.55—$170.00—————
05$20.60$23.55—$180.0047.46%$1.13$1.774172
—————$182.5047.42%$1.65$2.1174
04$16.95$19.50—$185.0047.25%$2.14$2.6316245
018$13.05$15.90—$190.0047.84%$3.45$4.201100
249$10.35$12.85—$195.0048.32%$5.30$6.154573
—————$197.5047.48%$5.75$7.6001
527$7.85$9.25—$200.0048.01%$7.55$8.40534
150$6.90$8.0048.38%$202.50—$8.85$9.6002
431$5.85$7.0048.51%$205.00—$10.00$11.85300
—————$207.50—$11.30$13.6501
434$4.40$4.9548.60%$210.00—$12.35$14.702412
—————$212.50—$14.15$17.1006
387$2.85$3.7048.37%$215.00—$16.20$18.95100
22$2.55$2.9948.70%$217.50—$18.10$21.1510
2062$2.09$2.6449.26%$220.00—$20.10$23.4041
412$1.31$2.1050.23%$225.00—$24.45$27.4010
—————$230.00—$29.05$32.2030
—————$235.00—$33.70$36.6580
—————$240.00—$38.50$41.6530

Forward $200.58. The 25-delta put carries -0.86 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 48.39%±24.94skew -1.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$172.5049.14%$1.23$1.32057
043$26.20$28.80—$175.0048.73%$1.49$1.6640744
—————$177.5048.41%$1.85$2.03091
089$22.80$24.70—$180.0048.22%$2.30$2.4748991
—————$182.5048.24%$2.82$3.05177
34191$19.25$19.85—$185.0047.97%$3.45$3.6047097
—————$187.5048.00%$4.15$4.35049
6995$15.95$16.25—$190.0048.06%$4.95$5.2053762
—————$192.5047.99%$5.85$6.10132
1354$12.90$13.15—$195.0047.92%$6.85$7.10486125
45$11.50$11.80—$197.5047.85%$7.95$8.20560
88531$10.25$10.40—$200.0048.02%$9.20$9.45446291
642$9.10$9.3548.39%$202.50—$10.50$10.750154
16$8.00$8.2548.27%$205.00—$11.95$12.20081
493$7.05$7.3048.43%$207.50—$13.45$13.750217
88896$6.20$6.4048.51%$210.00—$15.05$15.35390197
3079$5.40$5.6548.66%$212.50—$16.80$17.100138
103$4.75$4.9048.77%$215.00—$18.45$19.000195
794$4.05$4.3048.75%$217.50—$20.35$21.00110
2145,823$3.60$3.7549.19%$220.00—$22.25$22.953392
3215$2.70$2.8249.51%$225.00—$25.35$28.4005

Forward $201.00. The 25-delta put carries -1.19 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 50.06%±29.34skew -1.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$40.00$43.65—$160.00—————
04$31.30$33.70—$170.0048.04%$1.19$1.70883
60124$27.25$29.45—$175.0049.44%$1.87$2.92300
601$23.35$25.45—$180.0047.96%$2.84$3.60605
—————$185.0048.11%$3.90$5.255212
010$16.75$18.70—$190.0048.76%$5.75$7.001051
013$13.85$15.70—$195.0050.10%$7.95$9.452911
325$11.30$12.95—$200.0049.82%$10.30$11.752411
213$9.10$10.8050.16%$205.00—$12.80$14.55150
453$7.10$8.4048.96%$210.00—$15.85$17.75229
331$5.40$7.3049.95%$215.00—$19.15$21.451718
243$4.40$5.9550.82%$220.00—$22.70$25.25180
134$3.00$4.5049.15%$225.00—$26.55$29.50160
—————$230.00—$30.65$33.55110
—————$235.00—$35.55$37.85150
—————$245.00—$43.90$47.1020
—————$255.00—$53.75$56.5010

Forward $201.10. The 25-delta put carries -1.04 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 54.71%±35.62skew -0.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$74.25$77.55—$125.00—————
042$69.30$72.60—$130.00—————
01$54.70$58.05—$145.00—————
—————$170.0053.86%$2.07$3.4041
31$28.25$31.50—$175.0054.48%$3.20$4.55178
01$24.50$27.90—$180.0054.23%$4.35$5.907518
02$21.10$24.50—$185.0054.53%$5.95$7.5581
112$18.50$21.45—$190.0054.01%$7.30$9.6590
07$15.40$18.65—$195.0055.90%$10.35$11.80150
745$13.30$16.15—$200.0053.73%$11.70$14.20110
105$11.35$14.0554.71%$205.00—$14.45$17.3050
312$9.00$11.7053.36%$210.00—————
32$7.85$9.8554.33%$215.00—$20.80$23.6010
16$6.00$8.0052.90%$220.00—$24.30$27.3040
28$5.10$7.4055.23%$225.00—————
100132$4.20$5.7054.33%$230.00—$32.10$35.1030
613$2.60$4.0054.57%$240.00—————
713$1.70$2.7655.31%$250.00—————
01$1.50$2.4456.78%$255.00—————
—————$260.00—$58.65$61.9510
—————$275.00—$73.35$76.5020

Forward $201.78. The 25-delta put carries -0.10 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 55.88%±45.30skew -1.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$70.30$73.05—$130.00—————
—————$135.0058.89%$0.55$0.88682
—————$145.0056.87%$1.13$1.454115
13$51.70$54.60—$150.0056.85%$1.52$2.101560
01$47.45$50.15—$155.0055.47%$1.97$2.594610
—————$160.0055.12%$2.68$3.35570
—————$165.0055.49%$3.75$4.351318
01$35.00$37.90—$170.0055.51%$4.90$5.55701
030$31.95$34.70—$175.0055.48%$6.25$6.9510417
017$28.65$31.15—$180.0055.38%$7.90$8.451,67314
01$25.70$27.65—$185.0055.63%$9.65$10.502232
035$22.65$24.65—$190.0056.17%$11.80$12.8082823
0548$20.10$22.80—$195.0055.77%$14.05$14.9021126
5186$17.30$19.35—$200.0054.76%$15.75$17.601,5713
73344$14.15$14.9556.22%$210.00—$22.15$23.7531113
22715$10.75$11.4556.18%$220.00—$28.20$30.258010
14197$7.95$8.7556.14%$230.00—$35.05$38.001180
73742$5.95$6.6056.37%$240.00—$43.10$45.552410
201,336$4.45$4.9556.69%$250.00—$51.55$53.40680
17569$3.10$3.8056.74%$260.00—$60.50$63.5030
3254$2.25$2.9157.20%$270.00—$69.70$72.502818

Forward $201.66. The 25-delta put carries -1.00 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 54.11%±53.55skew -0.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$66.35$69.40—$135.00—————
065$61.75$64.85—$140.0055.42%$1.33$2.201010
0119$57.50$60.45—$145.0053.96%$1.83$2.472411
371$53.20$56.15—$150.0053.09%$2.45$2.954688
08$49.15$52.10—$155.0054.71%$3.35$4.35720
068$45.20$48.20—$160.0054.13%$4.35$5.151,0458
04$41.45$44.45—$165.0054.06%$5.60$6.253531
015$38.00$40.60—$170.0054.07%$6.95$7.651600
022$34.60$37.50—$175.0054.19%$8.55$9.2550720
025$31.80$34.45—$180.0054.30%$10.35$11.052,39716
031$28.75$31.40—$185.0054.48%$12.35$13.101,8590
079$26.05$27.80—$190.0054.73%$14.45$15.502,26513
042$23.50$25.85—$195.0055.11%$16.80$18.151,34516
38287$22.00$23.40—$200.0055.11%$19.45$20.602,813100
13142$17.10$19.0054.11%$210.00—$25.15$26.453840
111,058$13.30$15.4053.80%$220.00—$30.40$33.201,2540
16568$10.85$12.0053.89%$230.00—$37.65$40.201980
421,162$8.95$9.5554.60%$240.00—$46.00$48.252450
132,184$6.80$7.6054.37%$250.00—$53.50$56.501,9090
213,603$5.30$6.0054.47%$260.00—$62.35$64.951440
125,308$4.20$4.8054.91%$270.00—$70.95$73.951810

Forward $202.70. The 25-delta put carries -0.18 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.