Options Skew Analytics

HON option chain

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

Data as of 23 September 2026 (end of day)

2026-10-02(9 days)ATM 29.25%±9.78skew +1.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$30.90$33.70—$180.00—————
02$26.10$28.60—$185.00—————
015$11.90$13.70—$200.0031.04%$0.40$0.555715
04$10.00$11.40—$202.50—————
027$8.70$9.20—$205.0029.99%$1.00$1.359112
025$6.80$7.30—$207.5030.03%$1.60$2.051420
334$5.30$5.70—$210.0030.49%$2.40$3.102912
1012$3.90$4.30—$212.5029.28%$3.50$3.9009
059$2.70$3.2029.20%$215.00—$4.80$5.501710
321$1.85$2.2529.16%$217.50—————
79234$1.10$1.6028.92%$220.00—$8.30$8.90280
—————$225.00—$12.30$14.00120
—————$227.50—$14.30$16.3010

Forward $212.90. The 25-delta put carries +1.12 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 28.13%±12.55skew +0.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$36.10$38.90—$175.00—————
01$26.20$28.70—$185.00—————
010$16.90$19.40—$195.00—————
025$12.50$14.60—$200.0030.57%$0.85$1.407515
—————$202.5028.23%$1.15$1.50211
076$9.70$10.40—$205.0027.98%$1.60$2.15463
05$7.80$8.60—$207.5028.62%$2.50$2.95182
988$6.40$7.20—$210.0028.21%$3.40$3.801115
112$5.00$5.50—$212.5028.02%$4.50$4.90016
3837$3.90$4.4028.38%$215.00—$5.80$6.40720
118$2.90$3.3027.92%$217.50—$7.20$7.80038
024$2.10$2.5027.84%$220.00—$8.90$10.0060
3859$1.00$1.3027.44%$225.00—————
—————$230.00—$17.10$18.7001

Forward $213.05. The 25-delta put carries +0.14 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 27.55%±14.75skew +2.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$51.20$54.30—$160.00—————
04$31.70$33.90—$180.00—————
01$27.10$29.20—$185.00—————
02$22.20$24.10—$190.00—————
01$17.80$20.10—$195.0030.44%$0.75$1.1027016
—————$197.5030.30%$1.00$1.5561
14148$13.80$15.00—$200.0029.65%$1.50$1.8067752
—————$202.5029.36%$1.85$2.50122
030$10.50$11.40—$205.0028.81%$2.45$3.1051
54$8.70$9.40—$207.5027.98%$3.30$3.603107
27332$7.20$7.80—$210.0027.82%$4.20$4.60366161
9511$6.10$6.40—$212.5027.60%$5.30$5.70059
1058$4.90$5.2027.50%$215.00—————
125$3.80$4.1027.08%$217.50—————
1911,207$3.00$3.3027.35%$220.00—$9.70$10.701921
3109$2.30$2.5527.26%$222.50—————
579103$1.70$1.9026.95%$225.00—————
11$1.10$1.5026.62%$227.50—————
50597$0.90$1.0526.82%$230.00—$17.80$19.201020
—————$240.00—$26.50$28.90800
—————$250.00—$36.50$39.4050

Forward $213.25. The 25-delta put carries +2.41 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 32.14%±19.67skew +2.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$51.30$55.20—$160.00—————
01$27.00$30.70—$185.00—————
48$18.20$22.10—$195.0033.39%$1.55$2.052010
04$15.10$17.20—$200.0034.38%$2.80$3.4041
04$11.20$13.50—$205.0033.85%$4.00$5.10106
26$9.30$10.20—$210.0031.68%$4.90$7.20110
24$6.70$7.5032.16%$215.00—$8.20$9.1060
7711$4.70$5.4031.95%$220.00—$11.10$12.00216
196$3.20$3.9032.14%$225.00—$13.90$16.1010
618$1.90$2.7531.73%$230.00—$17.70$21.00010

Forward $213.44. The 25-delta put carries +2.65 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 31.84%±21.61skew +1.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$190.0033.67%$1.30$1.8093
—————$195.0034.24%$2.05$3.1030
03$16.40$17.80—$200.0033.02%$3.20$4.00208
060$12.80$14.30—$205.0032.21%$4.60$5.50220
413$9.70$11.00—$210.0031.94%$6.40$7.701810
06$7.10$8.4031.84%$215.00—$8.70$10.40220
09$5.10$6.4031.85%$220.00—$11.70$13.3020
14$3.60$4.5031.39%$225.00—$15.20$16.50250
010$2.45$3.4031.78%$230.00—————

Forward $213.19. The 25-delta put carries +1.24 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 31.48%±26.80skew +1.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
034$33.40$36.10—$180.0034.17%$1.20$1.45832
11$28.90$31.80—$185.0033.66%$1.75$2.1016712
01$24.80$27.40—$190.0033.26%$2.60$2.9098133
—————$195.0032.76%$3.60$4.001147
048$18.00$19.50—$200.0032.32%$4.90$5.4044718
6154$12.30$12.70—$210.0031.79%$8.70$9.2040133
4781,244$7.60$8.0031.23%$220.00—$13.90$14.60471
103597$4.40$4.7030.87%$230.00—$20.40$22.30340
121461$2.50$2.7031.13%$240.00—$28.10$30.60910
1148$1.20$1.6531.39%$250.00—$37.00$39.9010
089$0.65$1.0032.27%$260.00—————

Forward $213.57. The 25-delta put carries +1.89 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 30.43%±31.63skew +1.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$91.50$94.40—$120.00—————
01$76.70$79.80—$135.00—————
02$47.70$50.70—$165.00—————
02$43.00$46.20—$170.00—————
02$38.80$41.50—$175.0032.89%$1.30$1.70400
020$34.40$37.10—$180.0033.71%$1.85$2.85231
01$30.20$32.80—$185.0031.73%$2.45$3.10385
011$26.40$28.60—$190.0031.39%$3.60$3.901977
02$22.60$24.70—$195.0031.17%$4.80$5.202987
014$19.10$21.30—$200.0031.17%$6.30$6.902471
20197$14.40$14.90—$210.0030.75%$10.20$10.9024423
31157$9.70$10.1030.27%$220.00—$15.50$16.102395
34382$6.20$6.6029.96%$230.00—$21.60$23.60950
2122,182$3.80$4.2029.86%$240.00—$29.10$31.40460
52395$2.15$2.5529.57%$250.00—$37.60$40.00790
1574$1.30$1.6030.04%$260.00—————
070$0.75$1.0030.42%$270.00—————

Forward $214.14. The 25-delta put carries +1.31 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 28.58%±34.36skew +1.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$92.10$95.10—$120.00—————
03$87.10$90.10—$125.00—————
01$63.00$65.60—$150.00—————
03$53.70$56.20—$160.00—————
03$48.80$51.80—$165.0033.68%$1.05$1.451610
01$44.60$47.20—$170.0033.76%$1.35$2.25330
—————$175.0033.13%$1.90$2.80180
014$35.80$38.50—$180.0032.76%$2.60$3.603260
033$31.80$34.80—$185.0031.84%$3.60$4.10630
022$28.20$30.50—$190.0031.49%$4.70$5.201256
010$24.50$26.80—$195.0031.11%$6.00$6.501160
0136$21.10$23.30—$200.0030.65%$7.40$8.102140
12153$16.40$17.00—$210.0029.97%$11.10$12.1029510
85272$10.60$12.1028.44%$220.00—$16.20$17.4025916
0143$7.40$9.0029.34%$230.00—$22.50$25.00830
2140$5.30$5.7029.21%$240.00—$29.90$32.40760
1640$3.10$3.9028.86%$250.00—$38.30$40.701040
0359$1.95$2.6529.15%$260.00—$47.20$49.60490
2122$1.30$1.7529.58%$270.00—————
0176$0.85$1.1529.95%$280.00—————

Forward $215.17. The 25-delta put carries +1.90 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.