Options Skew Analytics

HONA option chain

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

Data as of 22 September 2026 (end of day)

2026-10-16(24 days)ATM 43.96%±18.90skew +1.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$46.20$49.20—$120.00—————
021$36.40$39.30—$130.00—————
035$32.00$34.00—$135.00—————
03$27.40$29.70—$140.00—————
04$22.20$25.20—$145.0042.25%$0.60$0.807035
025$18.00$20.50—$150.0042.78%$1.35$1.452,54590
047$14.20$16.50—$155.0042.63%$2.35$2.5032151
25269$10.80$12.70—$160.0042.08%$3.60$4.1017318
4201$7.60$9.70—$165.0042.82%$5.70$6.3018811
12559$5.50$7.5044.11%$170.00—$8.10$9.50286
4338$3.60$4.8041.61%$175.00—$10.20$12.2060
15378$2.20$3.3041.22%$180.00—$13.80$15.50420
43486$1.35$1.9540.22%$185.00—$17.20$20.0010
—————$190.00—$21.60$24.7060
—————$195.00—$26.20$28.9020

Forward $167.69. The 25-delta put carries +1.41 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 47.61%±32.09skew -0.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$55.80$59.50—$110.00—————
02$42.30$45.40—$125.00—————
04$36.90$40.80—$130.00—————
025$33.70$36.30—$135.0048.86%$1.75$2.25300
01$29.80$32.30—$140.0047.42%$2.55$2.8018127
—————$145.0046.92%$3.60$3.80387
019$22.10$24.70—$150.0046.26%$4.90$5.002065
045$18.50$21.40—$155.0047.18%$6.50$7.20896
030$15.30$18.40—$160.0047.29%$8.50$9.303260
18283$13.10$15.50—$165.0048.63%$10.70$12.50730
255$10.60$12.8047.81%$170.00—$13.30$14.80540
746$8.40$10.0045.93%$175.00—$14.70$17.4040
345$6.70$7.5044.40%$180.00—————
290$5.30$7.8048.00%$185.00—————
234$4.20$5.1045.07%$190.00—————
044$3.20$4.8046.67%$195.00—————
555$2.45$3.3045.06%$200.00—$32.80$36.2030
2100$1.35$1.8544.13%$210.00—————

Forward $167.63. The 25-delta put carries -0.41 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 44.44%±36.55skew -0.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$57.00$59.70—$110.00—————
02$52.30$55.00—$115.00—————
054$47.30$50.60—$120.00—————
06$43.00$46.10—$125.00—————
0120$38.60$41.80—$130.0046.02%$1.55$2.5014710
177$34.80$37.60—$135.0045.37%$2.30$3.204103
017$31.10$33.70—$140.0045.88%$3.60$4.207702
0106$27.10$30.00—$145.0044.61%$4.40$5.405366
0248$23.60$26.70—$150.0044.32%$5.60$7.103180
099$20.60$23.50—$155.0043.12%$6.60$9.009170
1255$17.50$20.40—$160.0045.38%$9.20$11.902814
19213$15.30$17.90—$165.0045.15%$11.40$14.3025918
31,101$12.70$14.8044.55%$170.00—$14.00$16.601734
610,670$10.60$12.7044.39%$175.00—$15.90$19.601200
1270$9.00$11.0044.86%$180.00—$19.20$22.40980
154$7.20$9.5044.60%$185.00—$22.50$25.70350
2285$5.80$7.5043.43%$190.00—$26.10$29.40770
11187$4.80$6.5043.96%$195.00—$30.00$33.20180
43304$3.80$5.9044.66%$200.00—$34.00$37.102060
920,433$2.45$3.7043.62%$210.00—$42.60$45.50530
2696$1.50$2.0041.91%$220.00—$51.80$54.301361

Forward $168.43. The 25-delta put carries -0.34 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 43.53%±41.34skew +2.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$66.30$69.90—$100.00—————
01$43.40$47.30—$125.0045.13%$1.75$2.35310
014$40.10$43.00—$130.0044.89%$2.10$3.50340
01$36.50$39.10—$135.0044.96%$3.50$4.10230
05$31.40$35.30—$140.0045.74%$4.70$5.70120
01$28.80$31.70—$145.0044.85%$5.90$6.9090
05$25.70$28.50—$150.0044.16%$7.50$8.2071
012$22.40$25.30—$155.0045.37%$8.80$11.501310
12$19.40$22.50—$160.0044.05%$10.80$12.90130
044$16.70$19.90—$165.00—————
113$14.40$17.5043.73%$170.00—$16.10$17.40282
03$12.50$15.1043.52%$175.00—$18.40$20.9020
024$10.70$13.5043.93%$180.00—————
213$9.10$11.4043.37%$185.00—————
113$7.70$10.2043.79%$190.00—————
09$6.60$8.5043.42%$195.00—————
3658$5.50$6.6042.19%$200.00—————
115$3.70$4.8041.99%$210.00—————
039$2.60$3.6042.51%$220.00—————
—————$230.00—$61.60$65.40100

Forward $169.19. The 25-delta put carries +2.67 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 44.01%±52.32skew +1.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$54.60$57.90—$115.00—————
029$51.00$53.70—$120.0045.87%$2.60$3.603010
025$47.00$49.80—$125.0045.28%$3.20$4.602355
19$42.90$46.00—$130.0044.91%$4.20$5.601950
032$39.60$42.30—$135.0044.99%$5.50$6.901860
0116$35.40$38.80—$140.0044.93%$6.90$8.401450
012$32.60$35.50—$145.0044.61%$8.40$10.00640
091$29.40$32.40—$150.0043.82%$9.80$11.702433
099$26.50$29.50—$155.0044.54%$11.50$14.70610
0131$23.80$26.80—$160.0044.28%$13.60$16.902880
5144$21.10$24.30—$165.0044.15%$16.10$19.20360
0120$18.70$22.10—$170.0043.84%$18.50$21.80600
05,235$17.50$19.8044.52%$175.00—$21.30$24.60340
381$15.00$17.8043.75%$180.00—$24.30$27.60370
052$12.80$16.1043.26%$185.00—$27.40$30.7060
072$11.40$14.2043.07%$190.00—$30.80$34.501140
07$10.10$13.0043.44%$195.00—$34.30$38.20100
0322$8.90$11.7043.50%$200.00—$38.00$40.901310
4610,181$7.20$8.3042.59%$210.00—$45.80$48.70160
6118$5.40$7.2043.33%$220.00—$54.20$57.10170
053$4.10$5.7043.31%$230.00—$62.90$65.8080

Forward $170.26. The 25-delta put carries +1.27 volatility points over the 25-delta call.

2027-06-17(268 days)ATM 43.81%±64.44skew +1.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$115.0046.07%$3.50$5.1050
—————$120.0045.32%$4.60$5.702590
21$50.60$53.20—$125.0045.73%$5.80$7.20570
01$46.60$49.50—$130.0045.75%$7.00$8.80190
—————$135.0045.62%$8.20$10.60240
011$40.20$43.00—$140.0045.46%$9.80$12.30221
—————$145.0045.39%$11.50$14.3070
06$34.30$37.00—$150.0045.09%$13.20$16.401470
01$31.60$34.40—$155.0044.98%$15.20$18.7070
028$29.00$31.90—$160.0044.96%$17.60$21.00210
051$26.50$29.50—$165.0044.83%$20.00$23.5030
0569$24.40$27.30—$170.0044.53%$22.70$25.8070
39$22.30$25.2044.40%$175.00—$25.70$28.4080
018$20.30$23.2044.21%$180.00—$28.50$31.5010
08$18.20$21.3043.79%$185.00—$31.60$34.8010
19$16.60$19.7043.84%$190.00—$34.90$38.2010
05$15.00$18.2043.76%$195.00—————
192$13.50$16.7043.57%$200.00—$41.90$44.4010
045$11.20$13.9043.40%$210.00—$49.40$52.0030
0275$9.10$11.9043.46%$220.00—————
0425$7.60$10.0043.57%$230.00—————

Forward $171.65. The 25-delta put carries +1.89 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.