Options Skew Analytics

FTAI option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 81.35%±16.78skew +7.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$35.80$41.30—$160.00—————
12$30.80$36.30—$165.00—————
01$28.20$33.80—$167.50—————
151$26.00$31.60—$170.00—————
032$24.10$27.60—$172.50—————
051$21.10$26.80—$175.00—————
04$19.20$24.30—$177.50—————
328$17.20$21.60—$180.0088.30%$1.20$1.807010
018$14.80$20.20—$182.5084.45%$1.40$2.1540
231$13.50$16.80—$185.0085.79%$2.10$2.75621
170$11.90$13.30—$187.5085.09%$2.65$3.50350
874$9.90$12.10—$190.0084.44%$3.40$4.3056
1167$8.50$10.00—$192.5083.70%$4.30$5.20331
669$7.10$8.60—$195.0082.48%$5.20$6.3020
612$5.70$7.3081.34%$197.50—————
37265$4.60$6.2081.47%$200.00—$7.90$9.3010
80$3.70$5.2081.69%$202.50—————
25138$2.85$4.3081.14%$205.00—$11.10$12.3060
240$2.20$3.5080.86%$207.50—————
27506$1.70$2.4577.93%$210.00—————
—————$240.00—$39.20$44.7010

Forward $197.10. The 25-delta put carries +7.17 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 70.74%±24.30skew +8.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0105$29.90$34.90—$167.50—————
0151$28.00$32.90—$170.00—————
5066$25.70$30.90—$172.50—————
0168$23.60$28.30—$175.00—————
01$20.80$26.40—$177.50—————
21,294$19.70$24.30—$180.0076.75%$2.95$4.104300
058$17.10$21.90—$182.5076.59%$3.30$5.10336
1810$16.00$18.00—$185.0074.60%$4.10$5.404710
040$14.40$17.50—$187.5077.39%$4.90$7.00280
21361$13.10$14.80—$190.0074.10%$5.80$7.2034033
05$11.60$14.10—$192.5075.61%$6.80$8.70351
211,059$10.10$12.00—$195.0071.12%$6.90$9.702550
1—$8.90$11.70—$197.5074.09%$9.10$10.80—0
31,054$7.60$9.6070.07%$200.00—$10.60$12.102438
1000$6.80$8.6071.17%$202.50—————
2730$5.90$7.6071.21%$205.00—$13.70$15.5060
1240$5.10$6.7071.30%$207.50—————
12774$4.20$5.3068.29%$210.00—$16.90$18.50460
520$3.10$3.9068.48%$215.00—————
54964$2.30$2.8569.06%$220.00—$22.00$27.10190
774—$1.40$2.1068.11%$225.00—$26.20$31.30—0

Forward $197.85. The 25-delta put carries +8.11 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 65.08%±28.55skew +6.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$30.00$36.00—$167.50—————
013$28.00$33.40—$170.00—————
0—$26.00$31.40—$172.50—————
162$24.80$28.80—$175.0069.69%$3.00$4.102737
0—$22.00$26.90—$177.50—————
05$20.00$25.40—$180.00—————
0—$19.30$21.60—$182.50—————
05$17.70$20.80—$185.0070.32%$5.60$7.7040
0—$15.20$18.50—$187.5066.86%$5.90$8.20—0
0102$14.90$16.90—$190.0067.66%$7.60$8.80500
0—$13.30$16.40—$192.5069.09%$8.40$10.70—2
334$12.10$13.20—$195.0067.07%$9.80$11.00347
0—$10.60$13.60—$197.5069.21%$10.70$13.40—0
217$9.60$10.8064.81%$200.00—$11.00$14.20230
1—$8.30$10.7066.82%$202.50—$13.50$16.20—0
13$7.50$8.6064.03%$205.00—$14.30$16.8080
22$5.80$6.8063.66%$210.00—$18.30$19.9060
21$4.30$5.3062.95%$215.00—————
08$3.20$4.1062.73%$220.00—$22.80$27.9001
02$2.40$3.1062.64%$225.00—————
41$1.75$2.8564.97%$230.00—————

Forward $197.55. The 25-delta put carries +6.96 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 63.40%±32.74skew +6.05
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
17$47.00$52.80—$150.00—————
01$42.30$48.20—$155.00—————
013$37.70$43.50—$160.00—————
01$33.30$39.40—$165.00—————
1116$29.00$34.90—$170.00—————
1148$25.30$31.10—$175.0066.95%$4.10$5.4065
15$22.60$25.20—$180.00—————
011$19.30$22.80—$185.00—————
022$16.40$19.10—$190.0065.42%$8.90$10.8055
19$13.60$15.00—$195.0064.30%$11.30$12.70440
47$11.10$12.5063.40%$200.00—$13.70$15.60268
1314$8.90$10.3062.53%$205.00—$16.60$18.5080
118$7.10$8.5062.21%$210.00—————
12$5.60$6.9061.81%$215.00—————
66$4.30$5.5061.13%$220.00—————
031$3.30$4.4060.90%$225.00—————

Forward $197.31. The 25-delta put carries +6.05 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 64.53%±41.75skew +4.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$66.90$72.60—$130.00—————
022$62.40$67.90—$135.00—————
06$57.50$63.50—$140.00—————
015$53.10$58.40—$145.00—————
036$48.60$53.70—$150.0073.28%$2.00$3.001966
027$44.20$49.40—$155.00—————
015$39.90$44.90—$160.00—————
0744$35.80$40.90—$165.0069.59%$4.40$5.4088512
079$32.80$36.90—$170.0067.56%$5.10$6.60855
072$28.10$33.30—$175.0067.73%$6.80$8.002412
5289$26.00$28.70—$180.0067.06%$8.40$9.606760
042$21.40$25.80—$185.0066.31%$9.60$12.002722
92,710$20.10$21.60—$190.0066.27%$12.40$13.607603
12134$17.60$20.30—$195.0064.50%$13.60$16.40132
2072,173$15.20$16.1064.59%$200.00—$16.60$18.801221
451,878$11.20$12.0064.06%$210.00—$22.60$24.703050
681,618$8.10$8.8063.76%$220.00—$29.50$31.801161
5274$5.70$6.3063.32%$230.00—$37.20$39.20620
29156$3.80$4.5062.78%$240.00—$43.20$48.60210
542$2.65$3.5064.04%$250.00—$51.60$57.30100
—————$260.00—$60.80$66.4040

Forward $197.94. The 25-delta put carries +4.41 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 64.77%±55.08skew +3.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
055$68.40$74.00—$130.00—————
012$63.60$69.50—$135.00—————
0219$58.90$65.00—$140.00—————
033$55.20$60.20—$145.00—————
0237$51.40$55.90—$150.0068.59%$3.70$5.402642
043$46.90$52.20—$155.0067.25%$5.00$5.80479
0126$43.90$46.70—$160.0066.52%$6.00$7.001,2486
140$39.00$44.30—$165.0066.60%$7.00$8.90841
1113$36.60$39.40—$170.0065.41%$8.70$9.801160
050$32.00$37.30—$175.0066.01%$9.70$12.701205
176$29.30$33.80—$180.0065.22%$11.40$14.501580
480$25.40$30.90—$185.0065.50%$13.50$16.90700
1076$24.90$26.10—$190.0063.31%$15.60$18.104960
044$21.40$25.40—$195.0063.83%$17.90$21.20110
20613$20.00$21.3063.49%$200.00—$20.60$23.703800
188$15.90$18.7065.33%$210.00—$26.40$29.403160
1465$12.60$13.6062.67%$220.00—$32.20$37.60350
11316$9.80$10.8062.41%$230.00—$39.30$42.90230
3610$7.60$8.5062.26%$240.00—$46.70$52.001480
1281$5.70$6.7061.96%$250.00—$54.50$59.90120
3170$4.40$5.2061.96%$260.00—$62.80$68.50170

Forward $198.49. The 25-delta put carries +3.46 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 63.12%±66.65skew +2.56
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$88.00$93.80—$110.00—————
01$74.50$80.40—$125.00—————
02$70.20$76.00—$130.00—————
03$54.10$59.00—$150.0065.00%$5.90$7.30106
02$50.20$55.60—$155.0065.42%$7.50$8.60110
08$46.50$52.10—$160.0066.26%$7.80$11.80320
04$42.80$47.70—$165.0068.50%$9.80$14.6050
012$39.20$44.40—$170.0063.86%$9.40$15.6030
070$36.00$41.80—$175.0067.07%$13.20$18.00270
061$33.00$38.30—$180.0065.42%$15.20$19.10190
03$30.60$35.50—$185.0064.13%$18.50$19.403031
220$29.80$30.70—$190.0063.53%$20.60$21.70250
022$27.10$28.30—$195.0063.32%$23.10$24.20223
014$24.20$28.0063.24%$200.00—$25.80$26.902910
07$20.70$23.5063.21%$210.00—$30.40$34.4010
012$17.10$18.2060.80%$220.00—$36.10$41.5040
345$14.10$15.1060.54%$230.00—$42.60$47.8020
1413$11.60$12.6060.52%$240.00—$49.20$55.0010
010$9.20$12.0062.18%$250.00—$57.90$61.6010
02$6.40$10.6061.30%$260.00—$64.90$70.8010
58$6.00$9.2063.18%$270.00—————

Forward $199.75. The 25-delta put carries +2.56 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 65.05%±77.38skew +5.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$67.40$74.00—$135.00—————
032$64.10$70.00—$140.00—————
01$60.20$65.80—$145.0070.24%$7.20$10.70160
035$56.60$62.10—$150.0068.63%$8.40$11.501,8031
—————$155.0069.35%$9.60$14.0084
19$49.40$55.00—$160.0068.89%$11.30$15.50530
—————$165.0069.16%$12.90$17.90270
011$43.00$48.50—$170.0068.03%$14.70$19.30694
014$40.00$46.40—$175.0066.28%$16.20$20.70350
011$37.20$42.30—$180.0067.40%$18.80$23.60220
418$35.10$39.60—$185.0065.84%$20.90$25.00560
037$32.00$37.30—$190.0066.42%$23.40$28.10220
017$29.00$34.90—$195.0064.92%$25.60$29.90180
13212$28.50$32.6066.35%$200.00—$28.60$33.80190
0115$23.80$28.3065.03%$210.00—$34.40$39.3060
078$21.30$24.0065.11%$220.00—$38.00$46.9080
083$17.90$22.3066.13%$230.00—$46.60$52.003420
05$15.50$18.8065.48%$240.00—$53.70$59.0050
481,707$13.40$15.6064.70%$250.00—$60.40$66.7010
1162$10.50$13.4063.37%$260.00—$69.10$74.0020
319$9.40$11.6064.04%$270.00—$76.00$82.2060

Forward $199.34. The 25-delta put carries +5.12 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.