Options Skew Analytics

HPE 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 69.55%±3.85skew -3.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
594$11.15$12.15—$49.50—————
27194$10.95$11.55—$50.00—————
18159$9.85$10.75—$51.00—————
27304$8.70$9.80—$52.00—————
311,394$7.80$9.00—$53.0076.37%$0.01$0.051,534225
19399$6.70$7.50—$54.00—————
1,0331,650$5.80$7.25—$55.00—————
2397$5.00$6.05—$56.0070.11%$0.13$0.1739667
251,722$4.10$5.15—$57.0067.20%$0.20$0.271,429107
21721$3.30$4.20—$58.0068.40%$0.40$0.45607173
14525$2.59$3.05—$59.0067.22%$0.60$0.72320531
2552,528$2.04$2.19—$60.0067.75%$0.94$1.10901460
7062,390$1.50$1.61—$61.0069.58%$1.43$1.601,313168
1,0071,694$1.07$1.1469.13%$62.00—$1.91$2.1651991
1,7201,660$0.74$0.8570.74%$63.00—$2.66$2.92871
331610$0.45$0.6170.39%$64.00—$3.10$3.65202
1,3693,421$0.31$0.3970.79%$65.00—$3.60$4.502111
303332$0.22$0.2973.86%$66.00—$4.50$5.7091
—————$67.00—$5.20$6.4020
—————$72.00—$9.45$12.00100
39$0.01$0.0489.00%$73.00—————

Forward $61.04. The 25-delta put carries -3.16 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 65.47%±6.62skew -4.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0130$11.55$12.60—$49.00—————
8633$10.75$11.85—$50.0064.80%$0.05$0.091969
35229$9.85$11.15—$51.0065.12%$0.09$0.1410445
33622$8.90$10.20—$52.00—————
0139$7.80$9.35—$53.00—————
500211$7.05$8.50—$54.0064.69%$0.33$0.4253327
3457$6.00$7.60—$55.0065.36%$0.50$0.5935769
1124$5.25$6.40—$56.0064.24%$0.66$0.7736983
3737$4.95$5.55—$57.0062.61%$0.78$1.0415433
391,365$4.15$4.45—$58.0064.93%$1.22$1.3587220
3848$3.65$4.20—$59.0065.17%$1.56$1.75402274
1681,331$3.10$3.30—$60.0065.64%$2.00$2.19176117
172973$2.67$2.80—$61.0066.31%$2.53$2.68159100
458509$2.10$2.3264.59%$62.00—$3.05$3.25973
1,119704$1.83$1.9566.54%$63.00—$3.65$3.95250
8411,826$1.48$1.5966.26%$64.00—$4.35$4.55220
3671,244$1.20$1.3066.48%$65.00—$5.05$5.45310
4677$0.97$1.0666.86%$66.00—$5.40$6.0550
134542$0.77$0.8667.10%$67.00—$6.20$7.0010
4272$0.57$0.6766.22%$68.00—$6.75$8.0520
881,667$0.35$0.4567.57%$70.00—————

Forward $61.13. The 25-delta put carries -4.25 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 64.35%±8.50skew -1.93
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1664$10.70$12.10—$50.0062.49%$0.17$0.271341
021$9.80$11.55—$51.0062.35%$0.25$0.362633
0105$9.10$11.05—$52.00—————
283$8.30$9.55—$53.0062.53%$0.50$0.633336
0525$7.30$8.75—$54.0063.24%$0.71$0.8217228
2331$6.55$7.90—$55.0063.29%$0.92$1.058866
25645$6.25$6.95—$56.0063.31%$1.18$1.31333540
0107$5.55$6.30—$57.0063.46%$1.48$1.6327028
169$4.95$5.60—$58.0063.15%$1.83$1.952126
23132$4.35$5.00—$59.0064.12%$2.24$2.43510
3041,221$3.80$4.10—$60.0064.08%$2.70$2.8631815
21570$3.35$3.55—$61.0064.09%$3.15$3.405918
18797$2.92$3.1064.40%$62.00—$3.70$3.952221
1959$2.52$2.6864.42%$63.00—$4.30$4.6582
2117$2.18$2.3264.75%$64.00—$4.95$5.30370
1221,351$1.87$2.0064.98%$65.00—$5.65$5.9530
035$1.59$1.7565.48%$66.00—————
086$1.35$1.4765.34%$67.00—————
04$1.12$1.2565.24%$68.00—$7.35$8.25100
18$0.94$1.0665.40%$69.00—————
79109$0.76$0.9065.25%$70.00—$8.80$9.9550

Forward $61.18. The 25-delta put carries -1.93 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 62.47%±9.82skew -0.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$51.0062.72%$0.52$0.601019
0200$9.60$10.55—$52.0062.21%$0.60$0.80975
1200$8.60$9.95—$53.0062.73%$0.86$0.9558
20$8.10$9.10—$54.0061.54%$0.92$1.23382
147,499$7.45$8.10—$55.0062.48%$1.35$1.394,583770
05$6.75$7.45—$56.0063.30%$1.65$1.767002,092
01$6.10$6.80—$57.0062.66%$1.87$2.14129
1200$5.50$6.15—$58.0063.13%$2.31$2.50030
3131$4.95$5.60—$59.0063.62%$2.77$2.9323
1837,070$4.40$4.65—$60.0063.50%$3.15$3.451,85476
4322$3.90$4.30—$61.0063.13%$3.60$3.95784
67428$3.50$3.7062.48%$62.00—$4.05$4.455632
305233$3.10$3.2562.41%$63.00—$4.65$5.10018
36435$2.69$2.9763.01%$64.00—$5.45$5.8501,080
2,5078,506$2.40$2.5763.03%$65.00—$5.90$6.502300
578300$2.12$2.2963.58%$66.00—————
223$1.72$2.0262.62%$67.00—————
2211$1.61$1.7563.71%$68.00—————
1386$1.41$1.5464.07%$69.00—————
1986,246$1.23$1.3464.25%$70.00—$9.45$10.30510
43$1.06$1.1964.61%$71.00—————

Forward $61.33. The 25-delta put carries -0.76 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 61.81%±11.07skew +0.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
043$11.40$13.45—$50.0062.77%$0.60$0.71804
272$10.70$12.05—$51.0061.38%$0.62$0.91351
017$9.40$11.20—$52.0061.29%$0.82$1.072311
014$8.70$10.50—$53.0060.57%$0.97$1.289116
032$8.35$9.55—$54.0061.21%$1.26$1.546416
1358$7.65$8.50—$55.0061.86%$1.58$1.855521
2717$6.95$8.00—$56.0061.84%$1.85$2.215312
070$6.30$7.40—$57.0060.28%$2.01$2.56598
0110$5.70$6.50—$58.0061.28%$2.37$3.10401
78$5.40$6.25—$59.0062.62%$3.10$3.403218
34147$4.75$5.30—$60.0061.69%$3.40$3.9013227
2157$4.15$5.05—$61.0061.70%$3.85$4.45210
3924$3.95$4.3061.50%$62.00—$4.50$5.00150
418$3.55$3.9562.21%$63.00—$4.90$5.6074
96$3.15$3.5061.74%$64.00—$5.45$6.4530
48532$2.85$3.0561.51%$65.00—$6.25$7.20102144
058$2.31$2.9661.68%$66.00—————
012$2.06$2.5361.04%$67.00—————
010$1.80$2.2761.16%$68.00—————
018$1.59$2.0361.43%$69.00—————
6124$1.40$1.8261.74%$70.00—$9.75$10.85360

Forward $61.45. The 25-delta put carries +0.12 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 62.57%±12.41skew -0.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
24$11.90$13.00—$50.0063.39%$0.85$0.994514
03$10.70$12.45—$51.0063.40%$1.02$1.213714
01$10.00$12.20—$52.0062.68%$1.22$1.381730
04$9.30$10.80—$53.0061.28%$1.29$1.65347
02$8.65$9.90—$54.0063.84%$1.73$2.063014
011$7.95$9.30—$55.0062.37%$1.96$2.279921
09$7.30$8.55—$56.0062.66%$2.34$2.613422
059$6.70$7.85—$57.0064.16%$2.76$3.152716
16$6.25$7.35—$58.0061.54%$2.90$3.45570
125$5.70$6.75—$59.0062.02%$3.40$3.9066
4082$5.40$5.95—$60.0063.03%$4.00$4.40515
150$4.75$5.65—$61.0061.97%$4.35$4.9080710
821$4.30$5.1563.07%$62.00—$5.05$5.45102
23522$4.10$4.4062.45%$63.00—$5.50$6.05140
044$3.70$4.0062.38%$64.00—————
1102$3.20$3.8062.59%$65.00—$6.50$7.5560
533$3.00$3.3562.75%$66.00—————
160$2.54$3.0561.83%$67.00—————
223$2.48$2.7463.19%$68.00—————
016$2.04$2.4962.01%$69.00—————
37117$1.98$2.2663.36%$70.00—————

Forward $61.47. The 25-delta put carries -0.99 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 63.33%±15.65skew -2.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
026$23.15$26.55—$37.00—————
30160$22.80$24.50—$38.00—————
021$21.85$24.20—$39.00—————
2630$21.10$22.55—$40.00—————
6582$20.45$21.60—$41.00—————
265$19.35$20.55—$42.0064.14%$0.31$0.497322
0128$18.65$20.30—$43.0062.79%$0.36$0.554440
0225$17.80$19.60—$44.0063.19%$0.51$0.6422815
4524$16.60$17.80—$45.0063.05%$0.65$0.7467012
040$15.75$17.10—$46.0062.96%$0.73$0.941142
0119$15.20$16.30—$47.0062.26%$0.90$1.031,5374
91112$14.20$15.40—$48.0062.89%$1.08$1.283008
0264$13.20$15.45—$49.0061.63%$1.21$1.422032
1052,032$12.85$13.30—$50.0062.18%$1.51$1.644,15848
1072,385$9.45$9.70—$55.0062.47%$3.05$3.202,659199
1684,763$6.75$6.90—$60.0062.92%$5.25$5.501,07553
2752,975$4.70$4.8563.51%$65.00—$8.15$8.456291
1,0446,015$3.20$3.3564.02%$70.00—$11.40$11.95150
231,918$2.20$2.3064.95%$75.00—$15.10$15.90450
512,572$1.45$1.5665.33%$80.00—$19.20$20.45210
10712$0.83$1.1365.34%$85.00—$23.40$24.90200

Forward $61.46. The 25-delta put carries -2.48 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 67.83%±20.45skew -1.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
037$24.30$26.50—$37.00—————
0127$23.25$25.60—$38.0068.56%$0.42$0.621281
024$22.50$24.70—$39.0067.42%$0.52$0.651880
0363$21.65$23.10—$40.0069.03%$0.64$0.893,5671
08$20.65$22.95—$41.0068.74%$0.73$1.05830
0132$19.75$22.20—$42.0067.67%$0.80$1.181540
053$18.95$21.30—$43.0067.20%$0.96$1.301481
2447$18.20$19.75—$44.0068.12%$1.22$1.512951
10295$17.80$18.45—$45.0066.63%$1.30$1.651,1224
094$16.65$18.15—$46.0067.57%$1.61$1.903171
1147$16.15$18.20—$47.0067.28%$1.87$2.084381
058$15.30$17.50—$48.0067.21%$2.10$2.363472
0320$14.65$16.80—$49.0067.33%$2.41$2.633734
6871$13.95$15.25—$50.0067.42%$2.71$2.954863
267,931$11.15$11.80—$55.0067.97%$4.60$4.851,55712
137,184$8.65$9.20—$60.0068.62%$7.05$7.30637108
7084,882$6.65$6.8567.82%$65.00—$9.70$10.30752
27016,356$5.05$5.3568.67%$70.00—$12.85$13.85290
2929$3.85$4.0569.00%$75.00—$16.50$17.7060
9062,543$2.85$3.0568.92%$80.00—————
9727$2.16$2.3069.31%$85.00—————

Forward $61.77. The 25-delta put carries -1.51 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.