Options Skew Analytics

HUM option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 53.98%±24.10skew +5.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
021$30.70$36.30—$395.00—————
01$26.40$31.90—$400.00—————
01$22.00$27.70—$405.00—————
12$19.00$25.70—$407.50—————
123$18.20$23.80—$410.0057.87%$3.00$4.901119
02$16.30$19.10—$412.5056.78%$3.50$5.501510
057$15.50$17.50—$415.0056.52%$4.30$6.202611
20$13.20$15.80—$417.5054.51%$4.90$6.70111
21175$11.90$14.40—$420.0055.88%$6.00$8.002677
240$10.10$12.80—$422.50—————
2025$9.10$11.60—$425.0054.78%$8.10$10.0020135
12$7.90$10.2053.81%$427.50—$9.10$11.2004
2166$7.00$8.5052.82%$430.00—$10.70$12.80835
14$5.90$7.9053.80%$432.50—$12.00$14.4011
46$4.40$6.9051.87%$435.00—$13.80$15.8021
171$4.20$6.3054.45%$437.50—$12.20$18.4003
6910$3.60$5.4054.42%$440.00—$17.30$19.4043
88$2.70$4.5052.78%$442.50—$17.20$22.2002
5019$2.35$3.6052.35%$445.00—$18.80$23.8010
87723$2.00$2.9555.88%$450.00—$21.90$28.0020
—————$455.00—$26.30$31.6040

Forward $426.40. The 25-delta put carries +5.09 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 47.47%±35.20skew +1.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0521$29.90$33.60—$400.0048.09%$3.50$5.001,06060
02$27.90$33.20—$402.5047.87%$3.90$5.70130
03$25.40$30.70—$405.0047.63%$4.40$6.401811
0176$23.50$28.90—$407.50—————
16406$22.50$25.00—$410.0048.23%$6.30$7.8089527
0167$20.40$24.30—$412.5048.42%$7.20$8.708310
5081$19.40$23.90—$415.0047.80%$8.00$9.404316
015$17.90$20.30—$417.5046.96%$8.30$10.60340
31,192$15.30$20.00—$420.0048.01%$10.00$11.60531610
583$15.20$17.40—$422.5048.09%$11.10$12.804910
3511$13.60$16.40—$425.0047.94%$12.30$13.9017621
03$12.50$15.3047.71%$427.50—$13.50$15.10737
2654$11.30$13.7046.90%$430.00—$14.90$16.2038420
6949$10.00$11.7045.00%$432.50—$16.30$17.80518
4320$9.20$10.7045.39%$435.00—$17.80$19.102726
813$8.30$10.3046.43%$437.50—$19.40$21.20190
41208$5.70$9.0042.60%$440.00—$20.40$22.209016
10$6.50$8.9046.81%$442.50—$20.30$24.30112
58$6.00$8.1047.23%$445.00—$23.70$26.5010
554853$4.80$6.2046.43%$450.00—$24.80$30.106230
04$3.50$5.1046.08%$455.00—$28.70$33.9010

Forward $427.10. The 25-delta put carries +1.20 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 41.39%±39.37skew +2.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2225$31.70$38.00—$400.00—————
0—$30.00$35.90—$402.5044.30%$4.90$8.10—0
03$28.30$31.30—$405.0043.74%$5.30$8.8051
0—$26.70$29.70—$407.5045.52%$7.00$9.80—1
154$25.50$30.10—$410.0047.45%$8.50$11.30180
0—$23.70$29.00—$412.5043.20%$7.60$11.10—0
507$22.10$23.80—$415.0046.06%$10.60$12.0040
11—$20.80$24.20—$417.5044.62%$10.40$13.20—0
08$19.20$20.60—$420.0045.79%$12.60$14.00311
0—$17.80$20.60—$422.5043.15%$11.20$15.70—0
07$15.80$18.00—$425.0044.93%$13.70$16.9060
0—$15.40$18.70—$427.5043.88%$14.70$17.60—0
01$14.00$15.8041.35%$430.00—$17.30$19.6040
0—$13.00$16.1043.41%$432.50—$17.60$20.60—0
71$11.60$13.4040.81%$435.00—$20.20$21.8052
0—$11.00$13.5042.84%$437.50—$20.10$23.60—0
15$10.00$11.5041.36%$440.00—$23.20$24.9020
0—$9.20$12.2043.67%$442.50—$23.70$26.70—0
03$8.40$9.6041.28%$445.00—$23.90$28.20120
25$6.80$8.6041.88%$450.00—$29.10$32.3020
—————$455.00—$30.00$36.7040

Forward $428.40. The 25-delta put carries +2.42 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 44.87%±62.68skew +2.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
076$97.40$104.00—$330.00—————
058$87.00$94.80—$340.00—————
0270$78.80$85.20—$350.00—————
5106$70.50$75.50—$360.0047.44%$3.30$4.9019613
11185$61.80$65.50—$370.0047.79%$5.10$6.8028018
6111$53.90$58.30—$380.0047.19%$7.30$8.6049946
0185$47.00$51.30—$390.0046.77%$9.90$11.1063619
0275$40.20$43.40—$400.0046.07%$12.90$14.0058134
1169$34.30$35.30—$410.0045.92%$16.40$18.1024369
7295$27.90$29.50—$420.0045.64%$20.70$22.50444352
51,205$22.80$24.5044.87%$430.00—$25.50$27.104006
19297$18.90$20.0044.89%$440.00—$31.30$33.203925
2165$15.10$16.2044.56%$450.00—$37.30$39.50325
17112$11.90$13.0044.28%$460.00—$40.00$45.8030
5182$9.50$10.4044.39%$470.00—$49.70$53.9040
19297$7.40$8.3044.41%$480.00—$56.00$61.7020
574$5.80$6.8044.85%$490.00—————
51,714$4.50$5.9045.75%$500.00—$73.20$79.0030
—————$510.00—$82.30$88.30100
—————$520.00—$91.60$97.70140
—————$530.00—$101.00$106.70150

Forward $427.34. The 25-delta put carries +2.36 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 42.63%±78.14skew +0.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0281$108.30$114.50—$320.00—————
21,043$99.50$104.90—$330.0045.37%$2.40$3.708030
093$89.70$96.90—$340.0044.67%$3.20$4.901081
0349$81.90$87.90—$350.0043.84%$4.20$6.305510
0114$74.00$78.60—$360.0044.57%$6.70$8.102251
3190$66.30$70.30—$370.0044.48%$9.00$10.307010
1168$59.20$63.10—$380.0042.62%$9.90$12.80710
0211$52.20$56.60—$390.0044.16%$14.80$16.00733
21,011$45.40$50.30—$400.0043.64%$18.10$19.4033128
0310$39.60$42.00—$410.0043.45%$22.00$23.60662
0270$34.50$36.20—$420.0042.98%$26.40$27.90635
2238$29.00$30.9042.72%$430.00—$31.30$33.00394
16407$24.70$26.5042.57%$440.00—$36.80$38.30530
7254$21.20$22.4042.53%$450.00—$42.80$44.60110
21255$17.90$19.3042.69%$460.00—$49.30$51.00930
92,181$14.80$16.0042.23%$470.00—$52.30$58.0010
4117$12.50$13.5042.39%$480.00—$61.50$65.4010
032$10.50$11.2042.40%$490.00—$68.10$73.7010
91,541$8.70$9.3042.39%$500.00—$76.30$82.5010
043$7.30$10.1044.89%$510.00—————
04$4.70$7.8045.36%$530.00—————

Forward $427.78. The 25-delta put carries +0.21 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 46.97%±106.48skew +1.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$106.20$111.50—$330.00—————
03$97.80$103.60—$340.00—————
02$90.70$96.00—$350.0046.68%$8.20$13.50450
03$83.40$88.60—$360.0049.14%$14.20$15.802830
07$76.30$81.70—$370.0047.23%$14.80$18.701591
112$69.70$75.10—$380.0048.69%$20.50$21.901,5079
038$63.50$68.70—$390.0048.48%$24.10$25.60428
219$58.10$62.70—$400.0048.01%$27.90$29.40181
35$50.00$53.60—$410.0049.30%$32.00$36.602,5531
043$45.80$48.10—$420.0047.40%$36.70$38.501,2940
153$41.00$43.1047.74%$430.00—$41.60$44.80130
2313$35.70$38.9047.16%$440.00—$47.00$49.80960
089$31.10$34.4046.41%$450.00—$52.30$55.00110
115$28.50$30.7046.85%$460.00—$58.40$63.10160
013$23.80$27.0045.72%$470.00—$62.40$67.3020
459$22.60$24.4046.90%$480.00—$69.00$75.5010
524$19.90$21.3046.59%$490.00—$76.00$81.3010
022$16.90$19.5046.56%$500.00—$83.50$88.8030
276$15.20$16.6046.33%$510.00—————
022$11.30$16.1045.92%$520.00—$99.40$105.6020
067$11.00$13.4046.18%$530.00—————

Forward $428.84. The 25-delta put carries +1.31 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 45.80%±118.70skew +7.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
09$108.50$115.10—$330.00—————
062$101.40$107.40—$340.0048.79%$9.20$15.304390
017$95.00$100.00—$350.0047.61%$11.30$16.7055710
010$87.80$92.90—$360.0047.26%$14.00$19.1021910
08$80.50$86.10—$370.0049.55%$20.40$22.602401
017$73.90$79.60—$380.0050.39%$23.80$27.80630
041$67.80$73.40—$390.0047.58%$24.00$30.5070
036$62.10$67.60—$400.0047.45%$28.00$34.60100
015$56.70$62.10—$410.0046.76%$32.00$38.30140
0111$51.60$54.30—$420.0046.57%$37.00$42.60210
412$46.60$52.00—$430.0046.66%$42.00$48.1010
017$41.80$44.7044.99%$440.00—$47.10$53.80300
1898$37.90$42.2045.82%$450.00—$53.00$59.00230
244$33.30$36.5044.44%$460.00—$59.10$65.701010
058$30.20$34.1045.11%$470.00—————
014$27.00$31.4045.32%$480.00—$72.00$78.2010
055$22.00$29.4044.69%$490.00—$79.00$85.8010
14105$20.40$25.5044.56%$500.00—————
15$16.10$21.7045.13%$520.00—$101.70$108.4040
011$12.10$16.7042.10%$530.00—————
250$12.00$14.9043.03%$540.00—————

Forward $434.31. The 25-delta put carries +7.45 volatility points over the 25-delta call.

2027-04-16(158 days)ATM 46.06%±131.72skew +5.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$114.00$119.10—$330.0048.89%$10.00$15.80470
08$105.80$113.00—$340.0051.14%$14.50$19.70640
033$100.10$105.60—$350.0049.18%$16.70$20.301650
032$93.20$98.10—$360.0049.58%$20.80$23.201411
067$85.90$90.80—$370.0049.05%$23.60$26.401784
0136$80.00$85.90—$380.0049.40%$27.20$31.001151
016$73.90$79.80—$390.0047.79%$29.60$33.60490
1383$68.40$73.10—$400.0047.51%$33.10$38.20450
057$61.90$67.80—$410.0048.33%$39.70$42.60100
0102$57.40$59.70—$420.0046.98%$42.30$47.0090
248$52.70$55.00—$430.0046.41%$46.50$52.0050
156$48.30$50.2046.14%$440.00—$52.00$57.40101
0101$43.70$46.1045.85%$450.00—$57.50$62.70100
0110$39.90$43.3046.25%$460.00—$63.10$68.9020
029$36.10$38.4045.47%$470.00—$70.00$74.9030
021$32.70$35.8045.67%$480.00—$76.10$81.7003
026$29.60$33.6045.97%$490.00—————
0235$26.60$30.7045.79%$500.00—————
01$23.80$28.2045.68%$510.00—————
022$21.20$25.5045.37%$520.00—————
04$17.30$21.1043.29%$530.00—————

Forward $434.68. The 25-delta put carries +5.76 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.