Options Skew Analytics

FXI option chain

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

Data as of 9 November 2026 (end of day)

2026-11-20(11 days)ATM 23.21%±1.40skew +1.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0185$14.55$15.95—$20.00—————
014$6.55$7.35—$28.00—————
0—$5.00$5.85—$29.50—————
19818$4.60$4.80—$30.00—————
020,020$3.55$4.10—$31.00—————
064$2.95$3.80—$31.50—————
0145$2.52$3.30—$32.00—————
0182$2.09$2.67—$32.50—————
211,612$1.65$1.92—$33.0026.73%$0.10$0.1220,94928
44,235$1.26$1.48—$33.5024.87%$0.16$0.181755
1,00714,347$0.94$1.02—$34.0023.79%$0.27$0.2928,4742,380
152,528$0.64$0.70—$34.5023.34%$0.44$0.484282
44825,209$0.40$0.4523.14%$35.00—$0.69$0.7416,9247
194640$0.23$0.2823.22%$35.50—————
77011,888$0.11$0.1723.12%$36.00—$1.39$1.624670
633,224$0.04$0.0725.75%$37.00—————
—————$38.00—$3.20$4.3530

Forward $34.71. The 25-delta put carries +1.65 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 22.53%±1.74skew +2.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$7.55$8.50—$27.00—————
01$3.60$3.90—$31.00—————
—————$33.0025.27%$0.16$0.215,65810
0642$1.45$1.54—$33.5024.33%$0.25$0.3030
0389$1.04$1.17—$34.0023.16%$0.36$0.4361
219$0.79$0.85—$34.5022.65%$0.55$0.615100
10186$0.54$0.6022.44%$35.00—————
50451$0.35$0.4022.18%$35.50—————
0841$0.21$0.2722.23%$36.00—————
0102$0.11$0.1822.18%$36.50—————
—————$37.00—$2.24$2.6066
—————$39.50—$4.70$6.05—0

Forward $34.74. The 25-delta put carries +2.10 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 22.78%±2.07skew +1.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$32.5025.86%$0.16$0.221,40251
04$1.85$2.42—$33.0024.75%$0.22$0.3030
076$1.54$1.67—$33.5023.83%$0.32$0.40203
213$1.16$1.31—$34.0023.42%$0.48$0.54510
374$0.93$1.00—$34.5022.95%$0.67$0.73100
47842$0.68$0.7522.71%$35.00—$0.91$0.9850
3935$0.48$0.5422.52%$35.50—————
2300$0.32$0.3922.48%$36.00—————
09$0.20$0.2822.48%$36.50—————

Forward $34.77. The 25-delta put carries +1.35 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 23.08%±2.38skew +2.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$32.5025.06%$0.19$0.2910
31$1.65$1.81—$33.50—————
02$1.28$1.45—$34.0023.48%$0.56$0.6540
0102$1.05$1.15—$34.5023.22%$0.76$0.8550
026$0.81$0.8923.05%$35.00—$1.01$1.0916
818$0.60$0.6822.93%$35.50—————
1214$0.42$0.5122.69%$36.00—————
0324$0.29$0.3822.69%$36.50—————
08$0.19$0.2922.85%$37.00—————

Forward $34.80. The 25-delta put carries +2.37 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 24.48%±2.77skew +2.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$11.70$15.05—$21.00—————
011$7.70$11.10—$25.00—————
013$7.20$10.10—$26.00—————
027$6.45$7.05—$28.00—————
0251$5.65$6.00—$29.00—————
204,846$4.70$4.95—$30.0029.71%$0.09$0.1141,579513
01,516$3.70$4.05—$31.0028.44%$0.15$0.2126,2479
1250$2.80$3.15—$32.0026.24%$0.27$0.3047,66614
331,418$1.99$2.30—$33.0025.19%$0.44$0.5528,843508
020,633$1.27$1.51—$34.0024.83%$0.76$0.9339,8791,198
36472,752$0.84$0.9524.29%$35.00—$1.25$1.4093,93529
28461,879$0.46$0.5623.49%$36.00—$1.71$2.1565,2200
9878,815$0.21$0.3022.62%$37.00—$2.60$2.9618,1340
426,558$0.11$0.1723.25%$38.00—$3.50$3.9517,8130
165,478$0.04$0.0822.76%$39.00—$4.45$4.8012,9490
—————$40.00—$5.35$5.805,9040
—————$41.00—$6.35$6.90410
—————$42.00—$5.50$8.9010

Forward $34.57. The 25-delta put carries +2.57 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 21.92%±3.24skew +1.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$10.70$14.10—$22.00—————
04$9.70$13.10—$23.00—————
066$8.70$12.10—$24.00—————
0215$9.40$10.00—$25.00—————
0147$6.75$9.05—$26.00—————
0266$7.65$8.05—$27.00—————
0350$6.65$7.05—$28.0030.34%$0.06$0.1235,5623,150
1115$5.70$6.05—$29.00—————
371,093$4.75$5.00—$30.00—————
04,929$3.80$4.05—$31.0024.70%$0.25$0.3025,325622
04,732$2.95$3.20—$32.0022.79%$0.36$0.4433,665373
160,958$2.17$2.38—$33.0022.37%$0.64$0.6826,263732
018,876$1.50$1.87—$34.0021.66%$0.98$1.0445,511595
2726,718$1.05$1.1122.00%$35.00—$1.47$1.6123,0806
19229,505$0.66$0.7021.36%$36.00—$2.02$2.2855,012103
125,784$0.39$0.4421.17%$37.00—$2.69$3.1011,095236
1657,747$0.22$0.2621.03%$38.00—$3.55$3.902,5510
—————$39.00—$4.45$4.8510,1260
—————$40.00—$5.35$5.801,0800
143,842$0.05$0.0722.94%$41.00—$6.40$6.75210
014,836$0.02$0.0424.92%$43.00—————

Forward $34.54. The 25-delta put carries +1.62 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 22.69%±4.16skew +2.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$7.75$11.15—$25.0034.39%$0.05$0.10386298
01$7.65$8.15—$27.00—————
06$6.70$7.15—$28.00—————
09$5.75$6.25—$29.00—————
016$4.85$5.35—$30.0026.20%$0.27$0.4014,188110
0135$4.00$4.55—$31.0024.78%$0.38$0.54100
04$3.15$3.75—$32.0023.92%$0.56$0.763460
0253$2.46$2.96—$33.0023.58%$0.85$1.071310
0253$1.85$2.14—$34.0022.95%$1.20$1.453510
0282$1.37$1.6222.67%$35.00—$1.75$1.861,6062
2347,728$1.00$1.1222.11%$36.00—$2.15$2.52360
0772$0.66$0.8922.45%$37.00—$2.83$3.25620
22,325$0.44$0.5521.64%$38.00—$3.60$4.05770
—————$39.00—$4.45$4.90130
—————$40.00—$5.40$5.801690

Forward $34.69. The 25-delta put carries +2.29 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 23.20%±4.83skew +1.91
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$8.65$9.20—$26.00—————
01$7.70$8.40—$27.00—————
01$6.80$7.40—$28.00—————
03$5.90$6.45—$29.00—————
0134$5.05$5.55—$30.0026.23%$0.35$0.5526,6963
116$4.25$4.50—$31.0025.07%$0.51$0.6979,6170
010,297$3.45$4.00—$32.0024.46%$0.73$0.939,2670
1446$2.74$3.05—$33.0024.01%$1.02$1.252,0080
05,291$2.14$2.51—$34.0023.72%$1.45$1.606,0262
8513,358$1.75$1.9223.32%$35.00—$1.85$2.1262,9790
031,324$1.25$1.4822.62%$36.00—$2.31$2.71602
40350$0.90$1.1422.50%$37.00—$2.96$3.409431
252,979$0.66$0.8222.31%$38.00—$3.70$4.1530
162,542$0.44$0.6622.55%$39.00—$4.55$5.0050
010,195$0.27$0.4021.40%$40.00—$5.50$5.85840
—————$41.00—$6.40$6.8010

Forward $34.85. The 25-delta put carries +1.91 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.