Options Skew Analytics

FXI 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 22.98%±0.73skew +0.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$9.80$10.20—$25.00—————
41$7.90$8.85—$27.00—————
50$6.75$7.50—$28.00—————
520$5.75$6.50—$29.00—————
520$4.30$5.60—$30.00—————
20$4.00$5.05—$30.50—————
12$3.45$4.50—$31.00—————
03$2.75$4.10—$31.50—————
23$2.45$3.40—$32.00—————
011$1.93$2.95—$32.50—————
4142$0.96$1.15—$34.0027.73%$0.03$0.063,830524
109429$0.63$0.70—$34.5023.19%$0.08$0.101,366339
9,2335,121$0.30$0.36—$35.0022.97%$0.22$0.295269,588
4171,987$0.12$0.1423.12%$35.50—$0.48$0.68310
4698,288$0.03$0.0523.40%$36.00—————
123,407$0.01$0.0225.73%$36.50—————
—————$50.00—$14.90$15.2501
—————$60.00—$24.90$25.2502

Forward $35.08. The 25-delta put carries +0.06 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 20.92%±1.21skew +2.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$13.80$16.25—$20.00—————
01$4.80$7.25—$29.00—————
02$3.80$6.25—$30.00—————
025$1.97$2.20—$33.00—————
—————$33.5023.66%$0.05$0.112659
066$1.00$1.33—$34.0022.45%$0.11$0.181,88017
02,500$0.71$0.88—$34.5021.99%$0.23$0.312,028155
7,0061,535$0.49$0.55—$35.0020.95%$0.41$0.49117,155
1486$0.29$0.3120.83%$35.50—$0.66$0.836181
2879$0.13$0.1620.08%$36.00—$1.02$1.1520
1418$0.06$0.0920.82%$36.50—$1.44$1.6420
1274$0.03$0.0723.06%$37.00—$1.89$2.0810

Forward $35.07. The 25-delta put carries +2.36 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 20.91%±1.58skew +1.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
60$14.15$16.25—$20.00—————
60$9.15$10.90—$25.00—————
—————$33.0024.31%$0.08$0.135110
—————$33.5023.34%$0.13$0.2060
—————$34.0022.39%$0.22$0.293250
321$0.90$1.03—$34.5021.78%$0.35$0.444010
416$0.63$0.73—$35.0020.87%$0.53$0.63192
059$0.44$0.4821.09%$35.50—$0.78$0.94650
101,512$0.26$0.2920.43%$36.00—$1.11$1.2920
15133$0.15$0.2221.52%$36.50—————
12144$0.08$0.1020.44%$37.00—————
—————$37.50—$2.37$3.3520

Forward $35.10. The 25-delta put carries +1.97 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 20.70%±1.86skew +2.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
20$8.85$11.30—$25.00—————
04$7.85$10.30—$26.00—————
0101$6.85$9.30—$27.00—————
0250$5.95$6.65—$29.00—————
420457$4.95$5.25—$30.0033.37%$0.01$0.0628,1010
0540$4.00$4.25—$31.0029.44%$0.03$0.076,6480
010,072$3.10$3.30—$32.0025.92%$0.06$0.1011,7881
09,530$2.16$2.37—$33.0023.65%$0.14$0.185,83747
—————$33.5023.27%$0.20$0.29210
31,838$1.37$1.51—$34.0022.30%$0.33$0.3630,2921,787
0200$0.99$1.18—$34.5020.86%$0.45$0.482443
6,81522,202$0.77$0.87—$35.0020.90%$0.63$0.7334,2676,912
246204$0.55$0.5820.27%$35.50—————
7,83638,680$0.37$0.4020.27%$36.00—$1.20$1.314,32022
2745$0.23$0.2620.02%$36.50—————
3927,832$0.15$0.1620.13%$37.00—$1.94$2.164140
30$0.09$0.1120.56%$37.50—————
48334,743$0.05$0.0720.69%$38.00—$2.83$3.1050316
401$0.03$0.0521.38%$38.50—————
3309,712$0.02$0.0321.80%$39.00—————
025,894$0.02$0.0829.48%$40.00—$3.75$5.20130

Forward $35.14. The 25-delta put carries +2.27 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 20.89%±2.14skew +1.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$13.85$16.30—$20.00—————
—————$32.5024.32%$0.13$0.20120
—————$33.0023.37%$0.18$0.2744
—————$33.5022.72%$0.27$0.3650
—————$34.0021.96%$0.38$0.481,9121,961
30$1.12$1.35—$34.5020.31%$0.53$0.5614283
0440$0.84$0.96—$35.0020.58%$0.72$0.8340
1118$0.67$0.7321.36%$35.50—————
341,301$0.47$0.5321.04%$36.00—$1.24$1.4130
356$0.32$0.3720.79%$36.50—————
446$0.22$0.2620.93%$37.00—$1.99$2.1906
095$0.15$0.2121.77%$37.50—————
590$0.10$0.1321.55%$38.00—————
21$0.07$0.1022.29%$38.50—————

Forward $35.13. The 25-delta put carries +1.94 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 21.31%±2.42skew +2.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$32.5023.84%$0.16$0.2581
—————$33.0022.91%$0.24$0.30344
—————$33.5022.71%$0.33$0.43190
—————$34.0022.23%$0.46$0.5621,1061,597
034$1.21$1.59—$34.5021.20%$0.61$0.696591
2520$0.96$1.11—$35.0021.07%$0.81$0.92130
115$0.78$0.8621.53%$35.50—$1.05$1.2040
1162$0.57$0.6421.09%$36.00—$1.34$1.5210
519$0.41$0.4420.53%$36.50—————
2244$0.29$0.3220.56%$37.00—————
7408$0.21$0.2420.97%$37.50—————
018$0.15$0.2021.77%$38.00—————
6206$0.07$0.1222.61%$39.00—————

Forward $35.17. The 25-delta put carries +2.15 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 20.87%±2.96skew +2.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0319$13.90$16.40—$20.00—————
016$6.00$8.45—$28.00—————
—————$29.0029.67%$0.05$0.1156,0027
420214$5.25$5.45—$30.0027.57%$0.09$0.1434,6221
020,021$4.30$4.50—$31.0025.61%$0.14$0.2032,27226
07$3.40$3.60—$32.0024.17%$0.24$0.306,95118
08,620$2.57$2.77—$33.0022.79%$0.40$0.4518,01312
18,191$1.89$2.04—$34.0021.57%$0.65$0.6810,3707
10,32313,726$1.25$1.37—$35.0020.95%$0.98$1.1116,5033
404,064$0.82$0.8820.76%$36.00—$1.55$1.676,02620
02,910$0.46$0.5420.22%$37.00—$2.22$2.404,1400
6913,665$0.28$0.3220.56%$38.00—$3.00$3.155,73117
42,851$0.16$0.2021.09%$39.00—$3.90$4.1010,0200

Forward $35.27. The 25-delta put carries +2.57 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 22.94%±3.93skew +2.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$12.85$15.45—$21.00—————
—————$23.0040.08%$0.02$0.04080
013$8.60$10.55—$25.0036.82%$0.04$0.081,01131
010$8.10$9.60—$26.00—————
04,965$5.35$5.65—$30.0026.78%$0.19$0.2842,5750
017$2.43$3.90—$32.0024.40%$0.45$0.5448,224500
0526$2.75$3.20—$33.0024.12%$0.66$0.8521,7750
016,683$2.03$2.48—$34.0023.27%$1.01$1.1225,991652
154,455$1.54$1.68—$35.0023.08%$1.44$1.5886,2612
53348,306$1.10$1.1922.61%$36.00—————
6,00774,205$0.65$0.9522.51%$37.00—————
2,63663,219$0.28$0.3721.66%$39.00—$4.15$4.5013,1680
634,308$0.18$0.2622.12%$40.00—$5.10$5.3511,9890
—————$41.00—$5.00$7.45410
—————$42.00—$5.90$8.5010

Forward $35.10. The 25-delta put carries +2.46 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.