Options Skew Analytics

HON 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 34.89%±8.37skew +3.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$33.40$36.50—$195.00—————
039$28.80$31.50—$200.00—————
01$23.30$26.40—$205.00—————
011$18.40$21.30—$210.00—————
111$13.60$16.60—$215.00—————
023$11.10$13.70—$217.50—————
37107$8.90$11.40—$220.0038.51%$0.60$0.90267
1127$6.60$9.80—$222.5036.75%$0.90$1.35210
60196$5.60$6.20—$225.0035.64%$1.45$2.002012
11106$3.90$4.50—$227.5035.46%$2.30$3.00126
27590$2.55$3.2034.62%$230.00—$3.50$4.1037
4459$1.65$2.0534.07%$232.50—————
55146$0.95$1.2033.06%$235.00—————
89$0.55$0.8534.48%$237.50—————

Forward $229.07. The 25-delta put carries +3.69 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 28.75%±14.63skew +1.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$78.40$81.50—$150.00—————
01$33.40$36.60—$195.00—————
0—$31.00$33.90—$197.50—————
0—$26.10$29.20—$202.50—————
02$23.60$26.90—$205.00—————
0—$21.70$24.10—$207.50—————
06$19.00$21.60—$210.00—————
0—$16.70$20.00—$212.50—————
012$14.50$17.70—$215.0031.18%$1.30$1.65592
0—$12.40$15.50—$217.5030.50%$1.55$2.25—0
048$10.60$13.00—$220.0029.80%$2.15$2.70202
0—$9.40$10.60—$222.5029.55%$2.70$3.60—0
129$8.00$8.50—$225.0029.18%$3.70$4.30101
2—$6.30$7.20—$227.5028.52%$4.50$5.40—0
7111$5.20$5.7028.78%$230.00—$6.00$6.501550
0—$4.00$4.8028.92%$232.50—$7.10$8.20—0
1100$3.20$3.7028.75%$235.00—————
0—$2.25$3.0028.41%$237.50—$10.40$11.60—0
2051$1.85$2.1528.38%$240.00—————
—————$242.50—$13.40$16.20—0
05$0.90$1.4028.71%$245.00—————

Forward $229.20. The 25-delta put carries +1.42 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 28.74%±17.25skew +2.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$24.00$27.20—$205.00—————
02$19.50$22.70—$210.00—————
02$15.30$18.30—$215.0030.57%$1.90$2.30210
02$12.20$13.40—$220.0029.91%$3.00$3.6043
19$9.10$9.70—$225.0029.41%$4.70$5.30116
041$6.30$6.8028.73%$230.00—$6.90$7.5070
136$4.10$4.6028.14%$235.00—$9.60$10.3014
113$2.55$3.0027.87%$240.00—————
111$1.55$1.9027.93%$245.00—————

Forward $229.35. The 25-delta put carries +2.04 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 29.23%±19.89skew +3.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$205.0031.95%$0.95$1.3010
—————$210.0031.62%$1.40$2.2522
01$16.60$18.80—$215.0030.90%$2.20$3.3020
22$13.00$14.30—$220.0030.31%$3.40$4.7070
03$9.70$11.30—$225.0029.64%$5.10$6.4010
77$7.20$8.5029.29%$230.00—$7.30$8.7010
0101$4.90$6.3028.89%$235.00—————
26$3.30$4.6028.99%$240.00—————
486$2.05$2.8027.72%$245.00—————
16$1.30$1.9528.11%$250.00—$20.50$23.6050

Forward $229.85. The 25-delta put carries +3.18 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 28.93%±21.73skew +1.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$107.50$111.50—$120.00—————
01$93.30$96.50—$135.00—————
02$63.50$66.60—$165.00—————
02$58.50$61.70—$170.00—————
02$53.60$56.80—$175.00—————
019$48.70$51.90—$180.00—————
011$39.00$42.10—$190.00—————
06$34.20$37.10—$195.00—————
423$29.80$32.50—$200.0032.79%$0.85$1.253689
1232$21.10$22.90—$210.0030.77%$2.10$2.3541011
6261$13.70$15.00—$220.0029.51%$4.40$4.8031112
49704$8.30$8.8028.99%$230.00—$8.50$9.001090
452,633$4.20$4.7028.18%$240.00—$14.10$15.50510
120564$2.00$2.3028.19%$250.00—$21.20$23.90830
—————$270.00—$39.30$42.5010

Forward $229.80. The 25-delta put carries +1.32 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 28.63%±28.29skew +2.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$108.70$111.90—$120.00—————
01$103.40$106.90—$125.00—————
02$79.00$82.20—$150.00—————
01$68.80$72.40—$160.00—————
03$64.50$67.40—$165.00—————
11$59.50$62.40—$170.00—————
08$50.00$52.90—$180.00—————
016$45.00$48.20—$185.00—————
010$40.60$43.30—$190.00—————
011$35.90$38.30—$195.00—————
0125$31.70$34.30—$200.0031.61%$1.70$2.653475
2252$23.20$25.90—$210.0030.46%$3.80$4.107837
4578$16.40$18.10—$220.0029.43%$6.50$7.003648
461,222$11.30$11.80—$230.0028.81%$10.70$11.201196
15492$6.90$7.4028.08%$240.00—$16.40$16.903260
100819$4.00$4.4027.79%$250.00—$22.20$24.60900
9362$2.15$2.5027.60%$260.00—$30.50$33.00490
—————$280.00—$49.20$52.40450

Forward $230.60. The 25-delta put carries +2.67 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 30.02%±41.50skew +2.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
019$109.30$112.50—$120.00—————
063$104.00$107.60—$125.00—————
03$99.60$102.70—$130.00—————
01$89.50$93.00—$140.00—————
03$70.60$73.70—$160.00—————
02$60.80$64.40—$170.00—————
05$52.00$55.30—$180.00—————
022$47.70$50.80—$185.0034.07%$2.20$3.401180
04$44.30$46.70—$190.0033.55%$2.80$4.201717
—————$195.0033.08%$4.00$4.703303
025$35.40$38.40—$200.0032.48%$5.00$5.604614
0162$28.10$31.00—$210.0031.65%$7.30$8.404360
1380$21.20$24.30—$220.0031.03%$10.90$11.707541
7485$15.80$18.70—$230.0030.35%$14.20$17.001071
4299$11.80$13.5029.73%$240.00—$19.30$22.201591
7155$8.00$9.8029.02%$250.00—$25.60$28.301040
6340$5.60$7.0028.97%$260.00—$32.70$35.9015520
0393$3.60$5.3029.14%$270.00—$41.00$43.80110
3185$2.55$3.2028.60%$280.00—$49.90$53.006020
0102$1.65$2.6029.40%$290.00—————
5186$1.10$1.5028.83%$300.00—————

Forward $231.67. The 25-delta put carries +2.68 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 30.24%±54.91skew +3.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$82.10$85.00—$150.00—————
02$72.60$76.20—$160.00—————
01$68.10$71.80—$165.00—————
01$63.80$67.40—$170.00—————
02$59.50$63.10—$175.00—————
03$55.20$58.90—$180.00—————
015$51.60$54.60—$185.0032.64%$4.30$5.502200
01$47.70$50.60—$190.0032.40%$5.20$6.601661
06$43.90$46.90—$195.0031.66%$6.00$7.601000
033$40.30$43.10—$200.0032.05%$8.00$8.8027584
094$33.40$36.30—$210.0032.23%$10.80$12.901720
1229$27.20$30.30—$220.0030.78%$13.40$16.506560
0167$21.80$24.90—$230.0030.63%$17.90$21.205150
10302$17.20$20.3030.26%$240.00—$23.20$26.20880
0467$13.30$16.3029.86%$250.00—$29.00$32.401010
0502$10.20$12.5029.26%$260.00—$36.00$39.20470
1187$8.30$9.5029.30%$270.00—$43.20$46.00190
077$5.90$7.4028.84%$280.00—————
030$4.70$5.9029.27%$290.00—————
0184$3.30$4.6029.05%$300.00—————
067$2.50$3.3028.81%$310.00—————

Forward $233.90. The 25-delta put carries +3.21 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.