Options Skew Analytics

IYR option chain

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

Data as of 9 November 2026 (end of day)

2026-11-20(11 days)ATM 18.16%±3.26skew +1.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$12.30$14.50—$90.00—————
02$11.30$13.10—$91.00—————
08$7.30$9.30—$95.00—————
024$6.40$8.30—$96.00—————
0699$5.40$7.10—$97.00—————
06$5.00$6.70—$97.50—————
02,096$4.50$6.20—$98.00—————
014$4.00$5.80—$98.50—————
06,476$3.60$5.20—$99.00—————
048$3.20$4.90—$99.50—————
0309$2.85$4.40—$100.00—————
032$2.45$3.90—$100.50—————
0674$2.10$3.40—$101.0020.18%$0.45$0.603,6543,695
071$1.75$2.70—$101.5019.56%$0.55$0.701130
0171$2.15$2.35—$102.0019.04%$0.65$0.8504
020$1.80$2.00—$102.50—————
25$1.50$1.70—$103.00—————
012$1.15$1.4018.16%$103.50—$1.20$1.4528131
112$0.90$1.1517.85%$104.00—————
01,207$0.60$0.7518.11%$105.00—————
0370$0.35$0.5518.79%$106.00—————

Forward $103.45. The 25-delta put carries +1.40 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 18.97%±6.39skew +2.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$32.10$35.60—$70.00—————
020$8.80$10.90—$94.00—————
03$7.80$10.00—$95.00—————
04$6.90$8.90—$96.0023.41%$0.55$0.902751
0568$6.00$7.90—$97.0021.73%$0.70$0.852,4269
012$5.10$7.10—$98.0021.21%$0.80$1.107310
0127$4.20$6.30—$99.0020.14%$0.85$1.3519311
1112$4.30$5.40—$100.0020.08%$1.20$1.601720
044$3.60$4.10—$101.0019.39%$1.45$1.901,2480
2142$2.90$3.40—$102.0019.26%$1.85$2.3060
069$2.40$2.75—$103.0019.06%$2.30$2.7520
09$1.85$2.2518.56%$104.00—$2.85$3.30140
0283$1.45$1.7017.94%$105.00—$3.50$4.0020
015$1.05$1.3517.59%$106.00—$3.90$5.0010
070$0.80$1.0517.57%$107.00—————
0808$0.60$0.8017.53%$108.00—$5.00$7.6020
136$0.45$0.6017.55%$109.00—————
—————$120.00—$15.70$19.1010

Forward $103.05. The 25-delta put carries +2.57 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 17.52%±7.73skew +3.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$10.50$14.10—$92.00—————
28$8.90$11.90—$93.00—————
055$9.60$10.80—$94.0021.82%$0.60$1.003380
073$8.00$9.90—$95.0021.02%$0.75$1.056,9410
022$7.10$10.10—$96.0020.71%$0.90$1.251050
0519$6.30$8.20—$97.0020.00%$1.05$1.402,1390
924$5.80$7.30—$98.0019.48%$1.20$1.652370
057$4.70$6.60—$99.0018.92%$1.40$1.906581
05,043$3.90$5.90—$100.0018.30%$1.65$2.157740
—————$101.0017.91%$1.95$2.50130
—————$102.0017.68%$2.35$2.907340
018$2.80$3.3017.61%$103.00—$2.80$3.40140
0367$2.20$2.7516.91%$104.00—————
2179$1.80$2.1016.18%$105.00—————
010$1.50$1.8516.62%$106.00—$4.10$6.8010
040$1.15$1.5516.47%$107.00—————
055$0.90$1.2516.34%$108.00—————
0107$0.65$1.0016.07%$109.00—$5.70$8.6030
13,871$0.55$0.7516.07%$110.00—$6.40$9.7090
—————$112.00—$7.50$11.4050
—————$113.00—$8.80$12.6020

Forward $102.95. The 25-delta put carries +3.14 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.