Options Skew Analytics

HUM 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 48.45%±16.36skew +3.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$25.10$31.50—$345.00—————
023$21.70$26.90—$350.00—————
01$19.40$24.70—$352.50—————
02$17.10$22.50—$355.0051.94%$1.15$1.60413
01$14.90$20.50—$357.5052.80%$1.70$2.101512
—————$360.0053.19%$1.90$3.1048120
—————$362.5050.94%$2.25$3.60410
010$9.00$14.20—$365.0050.47%$3.40$3.903333
01$8.90$9.80—$367.5049.59%$4.20$4.70472
133$5.90$8.30—$370.0048.06%$4.80$5.8075132
20$6.10$6.9048.45%$372.50—$6.20$6.9027112
416$5.00$5.7048.45%$375.00—$7.50$8.3072012
718$4.00$4.7048.45%$377.50—$8.10$9.802767
5206$3.00$3.8047.70%$380.00—$9.20$13.505514
113$2.45$3.1048.52%$382.50—$10.00$14.401914
149$1.85$2.8050.00%$385.00—$12.00$17.402030
04$1.40$2.2049.86%$387.50—$13.30$19.20160
—————$390.00—$17.70$21.50571
—————$392.50—$17.60$23.4080
—————$395.00—$20.30$25.60390
—————$397.50—$22.60$29.60110

Forward $372.45. The 25-delta put carries +3.19 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 62.88%±38.81skew +4.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$31.10$36.30—$345.0067.15%$5.10$6.302924
03$27.10$33.00—$350.0064.38%$6.10$7.004515
02$24.70$29.30—$355.0064.43%$7.10$9.20181
21$21.80$27.40—$357.50—————
09$20.50$25.90—$360.0061.01%$7.40$11.00110
03$19.10$25.00—$362.5065.76%$10.20$12.4030
019$18.50$22.50—$365.0064.38%$10.60$13.50171
08$16.40$20.80—$367.50—————
013$15.00$19.50—$370.0064.04%$13.20$15.405615
20$13.80$18.00—$372.5064.00%$14.60$16.5002
833$13.50$15.4062.87%$375.00—$15.70$18.50381
11$12.10$15.3064.34%$377.50—$15.70$19.6030
221$11.10$13.5062.90%$380.00—$17.00$21.00501
21,087$9.30$11.9063.80%$385.00—$19.70$24.201,0780
011$8.40$11.0063.68%$387.50—$21.40$26.0010
178$7.50$10.9065.06%$390.00—$24.40$28.1091
07$6.60$8.4060.89%$392.50—————
142$6.10$8.0062.02%$395.00—$26.00$31.10140
—————$397.50—$27.60$33.0070
1264$4.80$6.0060.01%$400.00—$29.80$34.70420
—————$402.50—$31.20$37.7020

Forward $372.85. The 25-delta put carries +4.37 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 71.26%±57.46skew +2.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$325.0077.64%$5.40$7.8073
031$47.60$54.30—$330.0075.42%$6.70$7.90232
02$44.10$50.10—$335.0075.58%$7.80$9.50302
019$40.10$46.50—$340.0074.35%$8.30$11.30160
011$36.10$42.50—$345.0076.53%$10.50$13.5090
—————$350.0075.30%$12.30$14.6010135
—————$355.0076.48%$13.70$17.80944
03$27.70$32.00—$360.0076.06%$15.80$19.70643
—————$365.0071.93%$16.40$21.10280
03$22.80$26.60—$370.0072.44%$19.70$23.002801
57$20.80$24.8073.03%$375.00—$22.40$25.90592
012$17.60$21.9070.41%$380.00—$25.90$28.502940
149$16.40$20.3072.42%$385.00—$26.30$32.001150
01$14.70$18.4069.78%$387.50—$27.80$33.5010
393$14.10$17.7070.63%$390.00—$29.30$34.901050
021$12.50$17.7073.62%$395.00—$32.40$38.00140
0253$11.10$15.5072.94%$400.00—$36.50$43.30102
029$9.40$11.7068.46%$405.00—$40.80$45.3040
3160$8.60$12.3072.66%$410.00—$42.70$49.40130
496$7.40$10.8072.08%$415.00—$46.00$53.6030
8305$6.30$9.8072.16%$420.00—$50.80$57.4040

Forward $373.65. The 25-delta put carries +2.19 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 66.84%±64.03skew +1.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$58.80$63.00—$320.0071.28%$6.60$7.301,12514
—————$325.0071.15%$7.70$8.500219
262$51.10$53.70—$330.0071.61%$9.10$10.002488
—————$335.0067.37%$7.60$11.90529
359$42.90$48.50—$340.0070.76%$11.80$12.901,23417
20$39.50$45.00—$345.0070.48%$12.90$15.1008
066$36.50$42.00—$350.0070.23%$15.20$16.4028820
—————$355.0070.14%$16.80$18.8021
054$31.40$36.20—$360.0069.08%$19.10$20.1071422
—————$365.0068.05%$19.80$23.30100
2341$25.70$29.50—$370.0068.24%$23.50$24.70300137
2060$23.30$27.4068.28%$375.00—$25.10$28.40122
9897$21.70$23.4066.71%$380.00—$28.00$30.202,42211
100$19.10$22.6067.64%$385.00—$29.80$34.30110
012$18.60$22.6069.55%$387.50—$30.40$36.1060
1526$16.90$19.0065.01%$390.00—$34.30$37.3044515
100$15.70$18.7067.73%$395.00—————
92,974$13.90$15.5065.36%$400.00—$39.60$43.901,0082
21,636$11.10$13.2066.25%$410.00—$46.00$50.902710
6714$9.10$10.3066.10%$420.00—$52.60$59.80310
2030$8.00$9.2065.91%$425.00—————

Forward $373.60. The 25-delta put carries +1.46 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 63.48%±69.19skew +4.23
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$320.0065.28%$6.30$8.9016911
01$54.50$60.80—$325.0065.83%$7.40$10.6042
20$51.20$54.70—$330.0067.28%$8.70$13.00195
21$47.40$53.90—$335.0062.83%$8.30$13.4020
02$43.80$50.90—$340.0066.85%$11.70$16.10151
—————$345.0066.58%$13.20$18.0060
01$37.80$43.80—$350.0064.32%$15.00$18.3062
—————$355.0062.95%$16.00$20.3001
—————$360.0063.94%$19.00$22.50210
01$29.90$34.80—$365.0062.30%$20.00$24.8052
—————$370.0063.51%$23.50$27.3032
—————$375.00—$25.90$30.00200
18$22.90$26.7063.49%$380.00—$29.00$32.601470
—————$385.00—$30.80$35.70100
024$18.00$21.7061.29%$390.00—$33.10$39.00260
03$16.80$21.2063.51%$395.00—$37.00$42.10190
113$15.30$19.2063.33%$400.00—$39.90$45.40360
07$12.80$17.8062.37%$405.00—$42.50$48.90150
—————$410.00—$45.60$52.401010
01$9.30$14.3063.59%$420.00—$53.00$61.2020
011$7.40$10.4058.60%$425.00—————

Forward $373.98. The 25-delta put carries +4.23 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 56.41%±84.79skew +6.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
042$103.70$110.60—$270.00—————
030$95.00$101.70—$280.0061.99%$4.30$5.40500
0106$86.90$93.40—$290.0061.29%$5.80$6.80621
055$78.40$85.00—$300.0061.02%$6.80$9.60931
041$70.70$77.10—$310.0059.94%$9.60$10.70481
09$64.30$69.60—$320.0059.58%$12.10$13.401,2753
087$56.90$61.90—$330.0060.33%$15.00$17.60341
049$50.00$55.40—$340.0058.55%$18.20$19.903420
0268$44.40$49.30—$350.0057.39%$21.90$23.103733
0147$40.00$42.60—$360.0057.50%$26.20$28.001,3806
5159$33.90$37.70—$370.0057.22%$31.00$32.907619
25100$30.00$32.5057.08%$380.00—$36.30$37.80471
224$24.70$27.3055.00%$390.00—$40.90$44.701,34313
5509$22.10$23.8055.90%$400.00—$47.00$51.204390
0193$19.00$20.4055.77%$410.00—$52.00$57.50480
0891$16.00$17.7055.68%$420.00—$58.90$64.9090
0388$13.60$15.0055.50%$430.00—$66.00$74.50250
0115$9.70$13.1053.93%$440.00—$74.40$80.6010
039$9.60$11.1055.57%$450.00—————
4195$8.00$9.4055.46%$460.00—————
4175$6.80$8.9056.77%$470.00—$99.90$105.5020

Forward $373.88. The 25-delta put carries +6.40 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 52.97%±96.86skew -0.83
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0147$89.90$97.00—$290.0055.16%$7.00$9.00290
018$86.80$91.00—$295.0053.57%$6.60$10.20660
0105$82.30$87.70—$300.0055.62%$9.80$11.102931
023$78.60$82.90—$305.0055.46%$10.80$12.50680
0315$74.80$80.80—$310.0053.45%$10.30$13.703570
037$71.50$76.50—$315.0055.48%$13.30$15.70140
386$67.80$72.20—$320.0054.72%$14.80$16.50241
074$61.10$65.20—$330.0054.27%$17.80$19.80180
160$55.80$59.40—$340.0054.07%$21.30$23.703470
0268$49.10$53.20—$350.0054.00%$25.50$27.902460
0106$44.30$47.10—$360.0054.12%$30.40$32.5018474
037$38.70$43.10—$370.0053.93%$34.60$38.2018816
080$34.40$37.0052.84%$380.00—$39.70$43.202590
1137$30.80$32.8053.02%$390.00—$45.50$48.10330
7173$27.30$29.1053.09%$400.00—$50.70$55.00160
1107$23.80$25.5052.74%$410.00—$57.00$62.00290
0177$20.50$22.4052.39%$420.00—$64.10$68.60360
31,578$17.80$19.8052.38%$430.00—$70.50$76.60190
0298$15.70$17.4052.55%$440.00—$78.20$83.5080
429$13.60$17.4054.26%$450.00—$85.80$92.5050
022$12.00$16.7055.55%$460.00—$94.00$99.8010

Forward $374.54. The 25-delta put carries -0.83 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 49.39%±104.15skew +2.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0491$99.50$106.80—$280.00—————
01,018$92.30$98.80—$290.0052.06%$9.30$10.202464
31,886$84.20$91.20—$300.0051.60%$11.40$12.508651
0259$76.90$83.50—$310.0051.36%$13.90$15.302230
0276$70.10$76.20—$320.0051.04%$16.80$18.303630
31,044$63.70$70.50—$330.0050.98%$20.10$22.00600
095$56.10$63.20—$340.0050.87%$24.00$25.80970
0343$51.90$57.20—$350.0050.83%$27.90$30.503450
0114$47.00$51.90—$360.0050.94%$33.00$35.0022770
2187$40.00$46.60—$370.0050.51%$37.20$40.306290
3166$37.30$40.8049.46%$380.00—$40.90$45.80480
5215$33.60$36.3049.40%$390.00—$48.30$51.50380
19879$28.50$33.6049.15%$400.00—$54.20$57.902650
0325$26.20$29.0049.04%$410.00—$58.10$64.50230
0185$23.20$25.8048.98%$420.00—$65.10$71.30410
2126$20.20$22.9048.72%$430.00—$73.10$78.1060
0395$17.80$20.4048.75%$440.00—$80.10$85.30190
0157$15.20$18.0048.37%$450.00—$86.80$93.7040
0221$14.20$15.7048.84%$460.00—$95.90$101.8090
31,145$12.50$14.1049.03%$470.00—————
083$10.30$12.6048.61%$480.00—$112.40$118.5010

Forward $375.64. The 25-delta put carries +2.01 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.