Options Skew Analytics

ISRG option chain

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

Data as of 23 September 2026 (end of day)

2026-10-02(9 days)ATM 32.71%±20.46skew +0.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$32.50$39.30—$362.50—————
020$31.10$36.40—$365.00—————
238$26.60$31.80—$370.00—————
145$24.00$26.90—$375.00—————
04$18.80$25.70—$377.5034.90%$1.50$2.15110
1139$19.10$22.30—$380.0033.30%$1.75$2.301010
06$15.70$21.60—$382.5034.03%$2.25$3.10612
227$14.40$19.60—$385.0033.40%$2.85$3.50109
413$14.30$15.80—$387.5033.21%$3.50$4.2001
427$9.80$14.50—$390.0033.12%$4.20$5.10164
05$10.90$11.90—$392.5032.98%$5.10$6.0010
621$9.30$11.10—$395.0032.98%$6.20$7.00340
16$8.00$9.20—$397.5032.70%$7.30$8.1053
542$6.90$7.9032.72%$400.00—$8.60$9.4070
011$5.50$7.0032.46%$402.50—$10.00$10.8060
087$4.90$5.8032.74%$405.00—$11.40$12.3060
030$4.00$4.6031.89%$407.50—————
50275$3.20$4.1032.30%$410.00—————
03$2.60$3.8033.26%$412.50—————
33187$2.15$2.8032.41%$415.00—————
9105$1.45$1.7532.33%$420.00—————

Forward $398.40. The 25-delta put carries +0.14 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 31.60%±26.36skew +0.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$32.20$36.90—$365.00—————
020$28.50$32.90—$370.0034.65%$1.75$2.70105
—————$372.5033.26%$1.95$2.8035
060$24.10$28.50—$375.00—————
0108$19.90$24.20—$380.0032.32%$3.40$4.1031
028$18.30$19.50—$385.0030.84%$4.10$5.40162153
—————$387.5031.29%$5.20$6.2011
113$14.90$16.40—$390.0031.25%$6.10$7.1021
11$13.10$15.40—$392.50—————
122$11.30$13.60—$395.0029.71%$7.10$9.3081
10$10.50$12.40—$397.5030.64%$9.00$10.4007
053$8.90$10.8031.87%$400.00—$9.90$12.9020
211$8.30$9.5032.36%$402.50—$12.00$13.9011
210$7.30$8.4032.27%$405.00—$12.10$16.3011
01$6.30$7.4032.06%$407.50—————
361$5.50$6.5032.05%$410.00—————
20$4.70$6.9033.95%$412.50—$16.60$20.4030
—————$415.00—$17.90$22.6010
0113$3.00$3.7031.93%$420.00—$21.60$27.6010
2101$2.15$2.7531.96%$425.00—————
145$1.55$2.5033.41%$430.00—————

Forward $398.45. The 25-delta put carries +0.39 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 31.28%±31.39skew +1.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0264$30.20$34.00—$370.0033.51%$2.85$3.403412
—————$372.5033.41%$3.30$3.90138
5195$27.70$30.00—$375.0033.21%$3.80$4.4022612
—————$377.5032.99%$4.30$5.0040
2311$23.20$25.90—$380.0032.91%$4.90$5.706425
—————$382.5033.09%$5.80$6.4010
750$19.40$22.30—$385.0033.05%$6.60$7.20252164
01$17.40$20.90—$387.5031.31%$6.30$8.0010
3377$17.30$19.30—$390.0032.94%$8.40$9.003241
022$14.70$17.10—$392.50—————
15248$14.00$15.80—$395.0032.84%$10.50$11.101082
015$13.00$15.20—$397.5034.40%$11.70$13.50122
5996$11.30$13.6031.49%$400.00—$11.80$13.605001
012$10.50$11.8031.14%$402.50—$14.30$14.9030
4427$8.90$11.3031.22%$405.00—$15.70$17.20440
210$8.60$10.8032.77%$407.50—$17.30$17.8010
6368$7.50$8.7031.05%$410.00—$18.80$19.401211
04$6.40$8.6031.74%$412.50—————
9255$6.00$6.9031.04%$415.00—$22.00$24.503050
272517$4.70$5.5031.11%$420.00—$24.30$28.20372
4219$3.70$4.3031.22%$425.00—$28.50$32.80770

Forward $399.75. The 25-delta put carries +1.69 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 42.86%±49.01skew +2.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
022$49.50$55.30—$350.0044.79%$3.30$4.40305
016$46.10$51.70—$355.00—————
05$42.10$47.20—$360.00—————
02$38.10$42.80—$365.0045.28%$6.00$8.50100
08$34.90$40.20—$370.0043.72%$7.50$8.70762
019$33.00$35.40—$375.0043.16%$8.70$10.20475
311$28.10$31.70—$380.0043.28%$10.60$11.90183
719$26.40$29.10—$385.0043.16%$12.50$13.80374
310$22.00$25.60—$390.0042.81%$14.50$15.8071
013$20.60$23.70—$395.0043.14%$16.80$18.5021
748$17.00$20.8042.78%$400.00—$19.20$20.9025
19$16.30$17.4043.17%$405.00—$21.80$23.6002
214$13.30$17.0043.90%$410.00—————
160$11.70$15.5044.57%$415.00—$26.90$30.60015
444$9.60$11.7041.59%$420.00—$30.80$34.40191
016$8.60$12.2044.55%$425.00—————
014$7.30$11.1044.94%$430.00—————
110$6.00$7.5041.62%$435.00—————
1747$5.40$6.4042.08%$440.00—————
234$4.00$5.4041.09%$445.00—————
23$3.10$4.7040.91%$450.00—————

Forward $398.85. The 25-delta put carries +2.10 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 42.09%±53.54skew +0.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$345.0043.49%$3.20$4.4051
—————$350.0043.43%$3.90$5.40157
11$46.90$51.90—$355.0042.50%$4.30$6.4030
—————$360.0042.15%$5.20$7.5070
01$39.70$44.00—$365.00—————
050$36.70$42.00—$370.0042.72%$8.30$10.3090
259$34.30$37.50—$375.0042.19%$9.90$11.50483
013$29.50$36.00—$380.0042.19%$11.60$13.40205
06$27.80$30.80—$385.0042.22%$13.50$15.50184
26$24.00$27.70—$390.0041.86%$15.40$17.6031
01$22.00$25.40—$395.0042.15%$17.40$20.6010
221$19.40$22.7042.15%$400.00—$20.40$22.7040
06$17.60$19.9042.04%$405.00—$22.90$25.6010
17$15.10$18.2041.98%$410.00—$25.80$28.5010
12$14.40$15.8042.67%$415.00—$28.90$31.4010
129$12.30$13.8042.00%$420.00—————
011$11.10$12.0042.14%$425.00—$35.00$38.5002
016$8.50$11.6041.94%$430.00—————
07$7.50$10.5042.45%$435.00—————
02$6.10$9.6042.43%$440.00—————
28$5.50$8.0042.23%$445.00—————

Forward $399.50. The 25-delta put carries +0.29 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 39.56%±63.16skew +1.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
461,058$54.00$59.40—$350.0041.16%$6.70$7.401,1277
034$51.40$55.50—$355.0040.81%$7.80$8.401635
461,013$48.30$51.60—$360.0040.64%$9.00$9.701372
031$43.90$48.30—$365.0040.10%$10.30$10.803812
0258$41.10$44.70—$370.0040.55%$11.90$12.901792
080$38.70$41.40—$375.0040.34%$13.50$14.601847
7117$34.60$37.10—$380.0040.21%$15.30$16.504123
062$31.40$34.40—$385.0039.42%$16.50$18.50501
2219$27.90$31.80—$390.0038.73%$18.00$20.601341
063$26.70$29.40—$395.0039.00%$20.80$22.90563
28238$23.70$26.20—$400.0039.09%$23.50$25.40525
148$22.40$23.6039.59%$405.00—$27.00$28.00492
1561$18.60$21.7038.43%$410.00—$28.80$30.90261
172$18.10$19.5039.40%$415.00—$32.60$33.80410
35811$15.70$17.3038.61%$420.00—$34.30$37.00715
2252$14.10$15.6038.64%$425.00—$38.10$40.30105
32132$12.60$14.0038.61%$430.00—$41.80$45.30340
152$11.00$13.1038.88%$435.00—$45.70$48.9050
4208$10.00$11.3038.67%$440.00—$49.10$51.40150
160$8.50$10.4038.60%$445.00—$52.20$56.90140
4246$7.60$9.0038.42%$450.00—$56.60$60.40200

Forward $400.50. The 25-delta put carries +1.68 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 37.96%±74.02skew +1.44
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
055$58.60$63.40—$350.0038.98%$9.10$10.001,2743
0—$54.50$59.70—$355.0038.78%$10.20$11.40—1
077$50.90$55.80—$360.0038.64%$11.80$12.6031428
0—$48.10$51.20—$365.0037.76%$12.00$14.50—0
065$45.10$48.00—$370.0038.56%$14.90$16.1026710
0—$41.60$45.70—$375.0038.09%$16.20$17.90—7
1186$38.50$42.60—$380.0038.37%$18.60$19.9032819
3—$36.10$39.40—$385.0038.11%$20.40$22.00—3
0243$33.20$36.50—$390.0038.21%$22.90$24.201262
0—$30.60$34.00—$395.0037.80%$24.70$26.60—6
1,2581,578$29.40$30.70—$400.0038.06%$27.70$29.103323
0—$25.70$29.4037.77%$405.00—$29.70$31.60—11
3146$25.20$26.0038.02%$410.00—$31.90$34.501818
1—$22.30$24.6037.84%$415.00—$34.10$37.40—0
4271$20.20$21.9037.16%$420.00—$37.70$40.301210
1—$18.90$20.6037.78%$425.00—$39.60$43.70—0
1187$17.10$18.3037.23%$430.00—$44.30$47.001890
0—$15.20$16.9037.07%$435.00—$48.30$51.10—0
3164$13.90$15.4037.09%$440.00—$52.30$54.40941
5—$13.00$14.1037.40%$445.00—$54.70$59.70—0
1269$11.70$12.7037.20%$450.00—$58.90$63.701310

Forward $401.67. The 25-delta put carries +1.44 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 37.18%±83.79skew +1.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$59.10$64.60—$355.0038.16%$12.80$14.101360
2146$55.90$59.90—$360.0038.17%$14.50$15.602363
025$53.30$57.10—$365.0038.08%$16.20$17.201950
165$49.50$53.20—$370.0037.59%$17.30$19.002100
29$46.40$49.90—$375.0037.48%$19.20$20.801060
2176$43.60$46.70—$380.0037.84%$21.80$22.902132
031$40.30$45.20—$385.0037.20%$23.10$24.90380
863$38.00$41.50—$390.0037.62%$26.10$27.203060
260$35.90$38.60—$395.0037.53%$28.50$29.50520
6379$32.60$36.10—$400.0037.55%$31.00$32.1061745
175$31.50$33.3037.48%$405.00—$33.60$34.70361
0146$28.40$31.5037.16%$410.00—$36.30$37.303871
386$26.40$29.5037.22%$415.00—$39.20$40.502830
1142$24.40$27.1036.92%$420.00—$41.70$43.603160
090$23.10$26.2037.75%$425.00—$44.30$46.50497
12227$21.10$23.2036.87%$430.00—$48.30$49.703021
490$19.70$22.2037.36%$435.00—$51.10$53.10720
2253$17.80$19.7036.57%$440.00—$54.60$58.606291
071$16.30$18.3036.54%$445.00—$58.10$62.20170
4354$15.10$16.9036.58%$450.00—$61.90$66.201350
066$14.00$15.6036.64%$455.00—$65.50$69.4020

Forward $403.23. The 25-delta put carries +1.52 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.