Options Skew Analytics

HPQ 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 56.63%±1.64skew -3.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
913$4.80$5.80—$27.00—————
69$4.25$5.10—$27.50—————
1016$3.80$4.95—$28.00—————
6924$3.30$4.05—$28.50—————
627$2.73$4.05—$29.0061.04%$0.01$0.0433332
—————$29.5062.94%$0.04$0.081812
838$2.00$2.31—$30.0058.89%$0.07$0.1135046
13269$1.51$1.86—$30.5057.42%$0.13$0.1818864
3164$1.19$1.48—$31.0054.81%$0.21$0.28407134
71,078$0.89$1.10—$31.5056.93%$0.38$0.4838194
4401,258$0.60$0.72—$32.0056.61%$0.60$0.70743156
111130$0.39$0.5257.60%$32.50—$0.91$1.071,006155
109581$0.25$0.3558.21%$33.00—$1.23$1.499522,699
257271$0.15$0.2459.32%$33.50—$1.44$1.906231
81590$0.10$0.1560.62%$34.00—$1.96$2.243,0531,011
4394$0.05$0.1162.15%$34.50—$2.04$2.861354
141988$0.03$0.0662.04%$35.00—$2.87$3.153,8491,009
3239$0.02$0.0668.00%$35.50—————
—————$36.50—$3.75$5.6501
—————$37.00—$4.50$5.8010
—————$37.50—$5.35$6.0502

Forward $32.01. The 25-delta put carries -3.40 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 49.82%±2.64skew -2.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$26.0066.22%$0.02$0.054417
016$4.25$6.55—$27.50—————
015$3.75$5.25—$28.0052.65%$0.05$0.09479
—————$28.5051.26%$0.07$0.13193
—————$29.0050.74%$0.12$0.18501
019$2.56$4.15—$29.5050.30%$0.18$0.26199
066$2.16$2.65—$30.0048.94%$0.28$0.3210037
412$1.83$2.09—$30.5048.80%$0.40$0.453511
1025$1.43$1.75—$31.0048.72%$0.55$0.6219116
251$1.26$1.50—$31.5048.79%$0.74$0.83106102
28160$1.01$1.11—$32.0049.86%$0.98$1.11841101
1895$0.78$0.8849.58%$32.50—$1.25$1.3946549
731,595$0.62$0.7050.46%$33.00—$1.45$1.7658782
24363$0.47$0.5450.46%$33.50—$1.76$2.121860
36427$0.37$0.4151.07%$34.00—$2.18$2.492716
18265$0.26$0.3251.08%$34.50—$2.44$3.1050
1411,612$0.20$0.2552.09%$35.00—$3.10$3.25316
058$0.14$0.2253.60%$35.50—————
4146$0.11$0.1855.11%$36.00—————
8824$0.05$0.1055.08%$37.00—————
48110$0.01$0.0464.26%$40.00—————

Forward $32.02. The 25-delta put carries -2.26 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 50.03%±3.46skew -2.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$5.20$6.95—$26.50—————
02$4.35$6.75—$27.50—————
136$3.65$5.10—$28.00—————
—————$29.0049.44%$0.27$0.3417151
24$2.66$3.35—$29.5050.94%$0.37$0.51110
25$2.30$2.95—$30.0048.51%$0.43$0.612980
023$1.96$2.52—$30.5050.20%$0.64$0.79140
031$1.88$2.18—$31.0050.17%$0.83$0.972019
1218$1.46$1.85—$31.5049.64%$1.05$1.15814
1490$1.36$1.44—$32.0050.07%$1.29$1.4213717
963$1.12$1.2249.97%$32.50—$1.55$1.69731
3924$0.92$1.0249.94%$33.00—$1.85$2.0246
157$0.75$0.8550.05%$33.50—$2.12$2.47282
284$0.61$0.7050.18%$34.00—$2.23$2.89530
52211$0.50$0.5850.65%$34.50—$2.60$3.25170
5038$0.41$0.4750.96%$35.00—$3.05$3.555670
40$0.33$0.3951.44%$35.50—————
4749$0.26$0.3251.71%$36.00—————
168$0.20$0.3354.08%$36.50—————
—————$37.00—$4.55$5.451,1670

Forward $32.05. The 25-delta put carries -2.14 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 49.79%±4.10skew -1.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
198$4.05$6.55—$27.0050.40%$0.13$0.197372
284$4.20$4.65—$28.0049.54%$0.23$0.324,990145
20$3.65$4.25—$28.5049.20%$0.32$0.39710
7363$3.35$3.85—$29.0048.99%$0.42$0.4917,26820
—————$29.5049.19%$0.49$0.6821
131,730$2.74$2.99—$30.0049.10%$0.68$0.7813,703190
—————$30.5050.08%$0.85$1.01143
541,580$2.08$2.39—$31.0050.02%$1.05$1.208,514188
31$1.82$2.16—$31.5049.82%$1.25$1.437298
931,624$1.61$1.70—$32.0049.34%$1.49$1.6585832
16126$1.35$1.5449.92%$32.50—$1.75$1.94116
1603,279$1.19$1.2649.46%$33.00—$2.05$2.3051940
29197$0.99$1.1450.16%$33.50—$2.20$2.62870
494,600$0.87$0.9249.88%$34.00—$2.73$2.8115,3704,660
1147$0.71$0.7949.74%$34.50—$2.89$3.3510
1375,934$0.60$0.6750.02%$35.00—$3.35$3.7517,71810,807
014$0.51$0.5750.46%$35.50—————
1171,214$0.42$0.4950.75%$36.00—$4.10$4.503610
07$0.35$0.4150.93%$36.50—————
71396$0.29$0.3751.81%$37.00—$4.85$5.50200
23955$0.21$0.2853.21%$38.00—$5.00$6.4520

Forward $32.09. The 25-delta put carries -1.26 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 49.27%±4.62skew -2.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$4.95$6.10—$27.0050.03%$0.18$0.30344
01$4.45$5.70—$27.50—————
11$4.35$4.65—$28.0049.42%$0.31$0.46319
—————$28.5048.94%$0.38$0.575050
112$3.25$4.15—$29.0049.37%$0.51$0.7091
10$2.94$3.90—$29.5049.07%$0.61$0.8680
—————$30.0049.90%$0.81$1.039229
01$2.56$3.15—$30.5050.45%$0.99$1.2531123
0162$2.19$2.84—$31.0049.51%$1.16$1.42182143
12$2.05$2.34—$31.5049.40%$1.38$1.648512
10923$1.79$2.05—$32.0049.51%$1.63$1.89545
37$1.57$1.7949.27%$32.50—$1.88$2.18150
4208$1.33$1.5848.87%$33.00—$2.01$2.50261
327$1.18$1.4049.54%$33.50—$2.24$2.92290
0113$1.00$1.2349.41%$34.00—$2.56$3.30170
5425$0.80$1.1249.33%$34.50—————
225$0.77$0.9450.25%$35.00—————
223$0.62$0.8249.79%$35.50—————
377$0.57$0.7851.84%$36.00—$3.95$5.0520
212$0.42$0.6450.06%$36.50—————
244$0.40$0.5450.88%$37.00—————

Forward $32.16. The 25-delta put carries -2.77 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 49.12%±5.10skew -0.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$5.20$6.70—$27.00—————
11$4.50$4.85—$28.0049.69%$0.44$0.57103
—————$28.5050.04%$0.57$0.691221
—————$29.0051.05%$0.72$0.87195
—————$29.5049.34%$0.76$1.02120
04$3.05$3.75—$30.0051.05%$1.06$1.184721
02$2.78$3.30—$30.5049.84%$1.14$1.39245
02$2.50$3.15—$31.0049.89%$1.39$1.56145
04$2.24$2.84—$31.5049.45%$1.53$1.84160
65$2.01$2.25—$32.0049.28%$1.76$2.095400
03$1.78$2.0049.07%$32.50—$2.10$2.35153
611$1.62$1.7749.50%$33.00—$2.33$2.65291
155$1.42$1.6049.72%$33.50—$2.40$3.0050
15$1.23$1.4349.64%$34.00—$2.69$3.3561
026$1.10$1.2549.77%$34.50—————
236$0.88$1.1248.95%$35.00—$3.35$4.1070
03$0.83$1.0350.57%$35.50—$3.75$4.45220
19$0.71$0.8850.06%$36.00—$4.15$4.85100
142$0.63$0.8451.39%$36.50—————
219$0.57$0.7051.21%$37.00—————
121$0.41$0.5551.30%$38.00—————

Forward $32.21. The 25-delta put carries -0.34 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 50.58%±6.54skew -0.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$13.45$17.10—$17.00—————
037$9.90$13.20—$21.00—————
0198$10.00$11.75—$22.00—————
0103$9.05$10.70—$23.00—————
0328$8.15$9.75—$24.00—————
01,430$7.30$8.75—$25.0050.55%$0.24$0.358101
0662$6.45$8.00—$26.00—————
0472$5.65$6.15—$27.0050.40%$0.59$0.6898417
0259$5.00$5.25—$28.0050.41%$0.85$0.9274116
3274$4.30$4.65—$29.0050.33%$1.15$1.2384892
253,306$3.60$3.90—$30.0050.65%$1.50$1.651,28333
3365$3.05$3.30—$31.0050.67%$1.91$2.112013
133,434$2.61$2.72—$32.0050.64%$2.41$2.602570
141,296$2.18$2.2750.57%$33.00—$2.96$3.151330
931,912$1.80$1.8950.55%$34.00—$3.35$3.80760
331,527$1.48$1.5750.66%$35.00—$4.05$4.509312
13379$1.22$1.2950.81%$36.00—$4.75$5.301136
11285$0.99$1.0650.90%$37.00—$5.40$6.20220
16793$0.81$0.8751.17%$38.00—$6.20$7.05510
1,6453,471$0.53$0.5951.72%$40.00—————
12,959$0.20$0.2955.60%$45.00—$11.85$14.15350

Forward $32.16. The 25-delta put carries -0.84 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 54.43%±8.52skew -2.02
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0122$12.35$15.25—$19.00—————
0248$12.10$12.75—$20.00—————
0269$11.10$12.75—$21.00—————
059$10.20$11.95—$22.00—————
0503$9.35$10.95—$23.0056.06%$0.37$0.43586101
0335$8.50$10.05—$24.00—————
02,049$7.60$8.30—$25.0054.93%$0.65$0.785722
31,349$5.50$6.00—$28.0052.80%$1.30$1.601,3171
2327$4.85$5.15—$29.0054.58%$1.84$1.992270
4002,706$4.35$4.50—$30.0054.23%$2.26$2.383,38312
01,620$3.75$3.95—$31.0054.42%$2.71$2.901567
51,565$3.30$3.45—$32.0054.39%$3.20$3.4576479
6572$2.87$3.0554.51%$33.00—$3.75$4.00104104
27479$2.43$2.6453.76%$34.00—$4.40$4.651330
261,559$2.13$2.2953.96%$35.00—$5.05$5.251761
50217$1.82$1.9953.86%$36.00—$5.45$6.3520
11792$1.61$1.7254.27%$37.00—$6.20$6.75670
10884$1.44$1.4954.86%$38.00—————
1023,073$1.05$1.1154.82%$40.00—$8.55$9.20250
12317$0.78$0.8455.29%$42.00—————
0432$0.44$0.6456.40%$45.00—————

Forward $32.05. The 25-delta put carries -2.02 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.