Options Skew Analytics

HAL 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 42.76%±1.28skew +1.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
83$5.50$6.70—$27.00—————
88$4.60$5.80—$28.00—————
87$3.55$4.90—$29.00—————
3649$2.57$3.40—$30.00—————
3551$1.96$2.96—$30.50—————
—————$31.0044.53%$0.02$0.052753
—————$31.5045.68%$0.06$0.12263
292$0.83$1.35—$32.0044.78%$0.14$0.2112821
—————$32.5041.21%$0.25$0.327780
5982$0.46$0.5442.75%$33.00—$0.46$0.58211148
4795$0.27$0.3443.64%$33.50—————
77192$0.14$0.1943.33%$34.00—$1.13$1.531650
169608$0.07$0.1245.22%$34.50—$1.57$1.8516417
228379$0.04$0.0646.20%$35.00—$2.03$2.263619
2173$0.01$0.0650.30%$35.50—————
5252,880$0.01$0.0352.01%$36.00—$2.90$3.352254
—————$36.50—$3.05$4.201371
—————$37.00—$3.20$4.65694
—————$37.50—$3.50$5.7501
—————$38.00—$4.60$6.151303
—————$38.50—$4.80$6.8002

Forward $32.98. The 25-delta put carries +1.45 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 36.18%±1.98skew +0.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$7.15$10.00—$25.00—————
—————$30.0040.16%$0.05$0.09671
10$1.84$2.92—$31.0038.62%$0.14$0.211163
—————$31.5036.93%$0.23$0.2710101
—————$32.0036.35%$0.34$0.413810
361$1.01$1.14—$32.5036.12%$0.51$0.5991
1815$0.76$0.83—$33.0036.17%$0.74$0.827612
415$0.54$0.6136.19%$33.50—$1.02$1.112114
8396$0.38$0.4436.59%$34.00—$1.18$1.94861
12014$0.26$0.3036.66%$34.50—————
50686$0.18$0.2137.41%$35.00—$2.05$2.45683
—————$36.00—$2.39$3.45402
478$0.06$0.0941.34%$36.50—————
—————$37.00—$3.65$4.20382
—————$38.00—$4.40$6.6071
—————$39.50—$4.95$7.8510
—————$40.00—$5.75$8.7540

Forward $33.02. The 25-delta put carries +0.27 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 36.64%±2.61skew -0.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$6.45$9.20—$25.00—————
—————$30.5039.17%$0.19$0.3105
—————$31.0036.42%$0.27$0.331627
—————$31.5036.12%$0.39$0.4510
—————$32.0035.71%$0.53$0.61983
20$1.27$1.39—$32.5036.01%$0.73$0.82135
225$1.01$1.09—$33.0036.67%$0.96$1.10104
1078$0.78$0.8636.47%$33.50—$1.23$1.7702
9623$0.59$0.6736.38%$34.00—$1.54$2.26712
1260$0.44$0.5036.10%$34.50—————
13136$0.34$0.3936.86%$35.00—$2.23$3.10331
11$0.24$0.2936.72%$35.50—————
—————$36.00—$2.09$3.35452
—————$37.00—$2.95$4.35241

Forward $33.02. The 25-delta put carries -0.74 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 36.60%±3.10skew +0.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$4.60$7.45—$27.00—————
15$4.70$5.85—$28.00—————
02$3.75$5.05—$29.0039.12%$0.11$0.1780259
087$2.90$3.95—$30.0037.34%$0.22$0.2755243
252$2.25$2.89—$31.0036.18%$0.40$0.4656876
01$1.82$2.58—$31.5036.04%$0.54$0.601213
392,663$1.58$1.92—$32.0035.91%$0.70$0.781,23544
31$1.20$1.78—$32.5037.55%$0.90$1.1014
30720$1.17$1.31—$33.0036.06%$1.13$1.255,4749
315$0.95$1.1837.62%$33.50—$1.36$1.6810
812,072$0.76$0.8535.70%$34.00—$1.61$1.9990447
214$0.60$0.8037.65%$34.50—————
2,3132,405$0.50$0.5636.69%$35.00—$2.20$2.791,1535
25$0.35$0.4435.96%$35.50—————
1254,158$0.31$0.3537.13%$36.00—$2.93$3.756812
41$0.22$0.2937.23%$36.50—$3.10$4.1550
2491,775$0.17$0.2638.42%$37.00—$3.55$4.556460
—————$38.00—$4.45$5.55540
—————$39.00—$5.15$7.55750
2,14426,035$0.05$0.0641.37%$40.00—$5.80$8.10560
—————$41.00—$6.15$9.00760

Forward $33.05. The 25-delta put carries +0.22 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 40.11%±3.87skew +0.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$3.85$6.10—$28.00—————
—————$29.0043.41%$0.23$0.37504
—————$30.0041.18%$0.38$0.5098
—————$31.0041.55%$0.62$0.82180
01$1.64$2.68—$32.0040.75%$0.94$1.1750
11133$1.47$1.70—$33.0040.30%$1.39$1.61130
1420$1.03$1.2339.73%$34.00—$1.64$2.64400
2017$0.71$0.8639.49%$35.00—————
026$0.47$0.6740.67%$36.00—$3.20$3.6092
4657$0.31$0.4841.15%$37.00—————
3636$0.20$0.3140.90%$38.00—————

Forward $33.09. The 25-delta put carries +0.88 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 39.59%±4.23skew +0.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$29.0041.30%$0.27$0.4310
—————$30.0040.04%$0.45$0.60254
04$2.49$3.35—$31.0040.58%$0.71$0.95113
07$1.94$2.65—$32.0040.14%$1.05$1.331060
183$1.61$1.81—$33.0039.45%$1.51$1.75460
012$1.17$1.4340.02%$34.00—$1.97$2.3680
021$0.83$1.0940.20%$35.00—$2.40$3.10133
215$0.58$0.8040.22%$36.00—————
688$0.39$0.5940.37%$37.00—$3.85$4.8030
6811$0.27$0.4441.03%$38.00—————
041$0.19$0.3041.15%$39.00—————

Forward $33.08. The 25-delta put carries +0.36 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 38.95%±5.19skew +0.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$5.10$6.15—$28.0039.91%$0.31$0.42225
—————$29.0038.79%$0.49$0.551401,096
027$3.65$4.55—$30.0038.67%$0.72$0.81267121
013$3.00$3.60—$31.0038.31%$1.02$1.12484
2625,535$2.61$2.70—$32.0038.67%$1.42$1.551234
21367$2.08$2.18—$33.0039.01%$1.87$2.0976632
4127$1.65$1.7238.91%$34.00—$2.40$2.7718419
2605$1.21$1.5740.33%$35.00—$2.93$3.4516721
8574$0.95$1.0338.36%$36.00—$3.35$4.302170
3250$0.72$0.7938.48%$37.00—$4.10$5.102910
249860$0.53$0.6138.62%$38.00—$5.00$5.80471
0122$0.38$0.4738.72%$39.00—————
8543$0.29$0.4640.92%$40.00—————
—————$41.00—$7.25$8.9030

Forward $33.15. The 25-delta put carries +0.18 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 37.59%±6.08skew +0.71
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$16.10$20.15—$15.00—————
0293$12.50$14.05—$20.00—————
0471$9.65$10.85—$23.00—————
0378$7.95$9.05—$25.0040.55%$0.16$0.231,05311
0573$5.25$6.30—$28.0038.64%$0.55$0.601,74061
0554$3.95$4.60—$30.0037.78%$1.03$1.101,7489
281,873$2.42$2.51—$33.0037.50%$2.27$2.361,00013
2572$2.01$2.0637.61%$34.00—$2.81$2.914711
65,444$1.59$1.6737.13%$35.00—$3.30$3.751,0755
90$1.27$1.3437.00%$36.00—————
71,413$1.01$1.0837.08%$37.00—$4.45$5.209230
5119,817$0.50$0.5437.45%$40.00—$7.15$7.6088815
177,166$0.30$0.3537.91%$42.00—$8.50$9.602,5460
141,142$0.14$0.1838.67%$45.00—$11.35$12.60310
—————$50.00—$15.10$18.2020
12,175$0.01$0.0550.73%$60.00—————

Forward $33.15. The 25-delta put carries +0.71 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.