Options Skew Analytics

IRM option chain

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

Data as of 22 September 2026 (end of day)

2026-10-02(10 days)ATM 29.24%±5.73skew +1.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$41.40$44.00—$75.00—————
02$6.10$8.30—$111.00—————
13$5.50$7.40—$112.0033.66%$0.40$0.6520
010$4.70$6.40—$113.0032.54%$0.50$0.8020
02$4.00$5.60—$114.0032.19%$0.65$1.05120
01$3.40$4.80—$115.0031.51%$0.90$1.25018
1259$3.30$4.00—$116.00—————
313$2.20$3.40—$117.0030.45%$1.45$1.9502
182$2.35$2.75—$118.0029.55%$1.85$2.30119
211$1.85$2.2029.08%$119.00—$2.35$2.8501
4298$1.40$1.7528.67%$120.00—$2.80$4.3020
01$1.05$1.5029.39%$121.00—————
45$0.60$1.0030.35%$123.00—————
—————$125.00—$6.50$8.5010

Forward $118.48. The 25-delta put carries +1.84 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 30.85%±9.35skew +1.93
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$107.0033.70%$0.45$0.7504
029$8.10$9.80—$110.0031.63%$0.80$1.1047513
—————$113.0030.92%$1.40$1.85845
13217$4.50$6.10—$115.0029.56%$1.85$2.4516513
20$3.30$4.20—$118.00—————
03$3.00$3.7030.89%$119.00—————
52,496$2.60$3.1030.29%$120.00—$4.00$5.301640
03$2.20$2.6529.96%$121.00—————
011$1.80$2.3029.69%$122.00—————
214$1.45$2.0029.50%$123.00—————
40$1.25$1.6029.18%$124.00—————
21439$1.05$1.3028.98%$125.00—$7.40$9.302380
20$0.85$1.2029.55%$126.00—————
—————$130.00—$11.60$13.70360

Forward $118.20. The 25-delta put carries +1.93 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 34.60%±16.55skew +4.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$14.20$16.60—$105.0037.65%$1.65$2.2001
07$10.60$12.40—$110.0035.92%$2.65$3.4020
0160$7.50$9.20—$115.0035.96%$4.60$5.2042
318$5.90$6.3034.63%$120.00—$6.70$7.50305
010$3.80$4.3034.03%$125.00—————
1366$2.00$2.6031.89%$130.00—————
710$1.15$1.6532.02%$135.00—————
40$0.75$1.1033.21%$140.00—————

Forward $118.99. The 25-delta put carries +4.03 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 33.57%±19.47skew +5.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
017$46.90$50.90—$70.00—————
03$42.10$45.10—$75.00—————
06$37.20$40.40—$80.00—————
03$32.30$34.90—$85.00—————
026$27.60$30.20—$90.00—————
045$23.50$25.70—$95.0038.68%$0.90$1.40716
086$19.20$21.30—$100.0037.41%$1.50$2.151930
033$15.20$17.30—$105.0036.23%$2.40$3.20552
0389$11.70$13.40—$110.0034.87%$3.60$4.6026118
0102$8.30$10.40—$115.0034.56%$5.70$6.4038919
0296$6.90$7.4033.63%$120.00—$8.00$8.70720
13130$4.80$5.3032.96%$125.00—$10.70$12.80640
0118$2.90$3.6031.46%$130.00—$14.30$16.30140
098$1.70$2.5531.14%$135.00—$18.00$20.4030
10168$1.05$1.7031.09%$140.00—$22.10$24.6050

Forward $118.79. The 25-delta put carries +5.09 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 31.99%±21.26skew +3.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$51.80$55.80—$65.00—————
027$47.00$50.70—$70.00—————
015$42.00$44.80—$75.00—————
053$37.30$40.00—$80.00—————
054$33.10$35.30—$85.00—————
061$27.90$30.60—$90.00—————
019$23.70$26.20—$95.0037.30%$1.25$2.051660
0240$19.40$21.80—$100.0035.89%$1.95$2.901020
0403$15.50$17.80—$105.0034.75%$2.75$4.301920
0109$12.10$14.20—$110.0033.76%$4.40$5.60600
082$9.10$11.40—$115.0032.47%$5.90$7.704150
0104$6.80$8.5032.03%$120.00—$8.40$10.10600
0189$4.70$6.3031.15%$125.00—$11.40$13.70660
16287$3.70$4.5031.59%$130.00—$14.80$17.20220
097$2.40$3.3031.16%$135.00—$18.40$21.10640
7308$1.65$2.3031.05%$140.00—$22.50$25.1080
197$1.20$1.6531.51%$145.00—$26.90$29.50110

Forward $118.38. The 25-delta put carries +3.59 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 32.30%±26.79skew +4.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$42.50$45.30—$75.00—————
01$33.20$37.10—$85.00—————
035$29.00$31.70—$90.0037.59%$1.60$2.351130
—————$95.0036.28%$2.25$3.2080
06$20.90$23.60—$100.0035.27%$3.20$4.30600
020$17.30$19.80—$105.0034.50%$4.50$5.7050
08$14.10$16.50—$110.0033.70%$6.10$7.403630
07$11.20$13.70—$115.0032.82%$8.00$9.405740
010$9.20$10.8032.57%$120.00—$10.60$11.8041
3151$7.00$8.5031.69%$125.00—$13.00$15.5050
061$5.20$6.7031.16%$130.00—$16.30$18.8010
048$3.80$5.3030.90%$135.00—————
317$2.80$3.9030.36%$140.00—————
0202$2.00$3.1030.45%$145.00—————
0307$1.45$2.4030.53%$150.00—————

Forward $118.78. The 25-delta put carries +4.14 volatility points over the 25-delta call.

2027-06-17(268 days)ATM 31.68%±32.49skew +4.78
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
018$30.20$33.10—$90.0037.08%$2.60$3.8030
—————$95.0035.96%$3.50$4.8040
013$23.00$25.60—$100.0035.05%$4.60$6.1050
02$19.50$22.40—$105.0034.35%$6.00$7.7020
01$16.50$19.00—$110.0033.65%$7.70$9.5030
031$13.70$16.40—$115.0033.16%$9.80$11.6010
02$11.60$13.7032.35%$120.00—$11.90$14.001450
012$9.30$11.4031.58%$125.00—————
011$3.60$5.2030.27%$145.00—————
01$2.75$4.1029.85%$150.00—————
318$2.10$3.4029.88%$155.00—————

Forward $119.69. The 25-delta put carries +4.78 volatility points over the 25-delta call.

2027-09-17(360 days)ATM 31.67%±37.92skew +4.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
025$28.00$31.30—$95.0036.03%$4.70$6.3010
—————$100.0034.83%$5.60$7.8060
01$21.50$25.00—$105.0034.35%$7.30$9.4040
—————$110.0033.80%$9.10$11.3010
—————$115.0033.64%$11.40$13.5010
03$13.50$16.90—$120.00—————
01$11.50$14.0031.86%$125.00—————
06$7.90$10.1030.90%$135.00—————
04$6.20$8.4030.07%$140.00—————
06$3.40$5.2029.97%$155.00—————

Forward $120.56. The 25-delta put carries +4.87 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.