Options Skew Analytics

JCI 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 47.41%±7.04skew +6.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$6.40$9.00—$135.0053.81%$0.60$1.00512
01$5.80$7.90—$136.00—————
01$5.80$7.20—$137.0051.87%$0.95$1.40460
—————$138.0051.60%$1.20$1.70310
50$4.40$4.80—$139.0049.56%$1.45$1.90182
06$3.70$4.30—$140.0049.92%$1.80$2.35170
05$3.10$3.60—$141.0048.50%$2.20$2.6545
3018$2.55$3.0047.46%$142.00—$2.60$3.10281
—————$143.00—$3.10$3.6050
319$1.65$2.1046.76%$144.00—————
12$1.30$1.7546.72%$145.00—$4.10$4.90230
142$1.00$1.4046.16%$146.00—$5.10$5.6022
13$0.75$1.1045.58%$147.00—$5.20$6.701330
182$0.55$0.8545.04%$148.00—————
10$0.40$0.6544.70%$149.00—$6.50$8.30220
11$0.25$0.4042.23%$150.00—————

Forward $141.92. The 25-delta put carries +6.29 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 39.13%±9.64skew +4.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$10.70$13.20—$131.00—————
0—$9.90$12.40—$132.0046.11%$0.90$1.30—0
0—$9.20$11.40—$133.0045.99%$1.05$1.55—0
0—$8.30$10.50—$134.00—————
3162$8.40$9.80—$135.0044.70%$1.55$1.853,3686
0—$7.80$8.10—$136.0044.82%$1.80$2.20—0
0—$7.00$8.20—$137.0045.12%$2.00$2.70—0
23—$6.00$6.80—$138.0043.08%$2.25$2.80—5
0—$5.60$6.40—$139.0044.80%$2.55$3.60—0
30190$4.70$5.50—$140.0043.19%$3.20$3.502,206148
0—$4.30$4.80—$141.0045.11%$3.30$4.70—0
0—$3.20$4.3038.96%$142.00—$3.40$4.40—1
0—$3.20$3.8041.10%$143.00—$4.10$5.60—0
0—$2.80$3.4041.32%$144.00—$4.50$5.40—0
23371$2.35$3.0040.89%$145.00—$5.20$6.002602
0—$2.00$2.5540.30%$146.00—$5.70$6.60—0
1—$1.70$2.3040.70%$147.00—$6.60$7.30—0
1—$1.40$1.9039.83%$148.00—$7.20$8.10—0
0—$1.10$1.7039.74%$149.00—$7.60$9.80—0
26620$0.95$1.4539.92%$150.00—$8.10$10.70581
—————$152.50—$10.20$12.80—0

Forward $141.85. The 25-delta put carries +4.96 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 37.16%±11.75skew +6.93
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$130.0046.34%$1.20$1.7050
—————$133.0046.51%$1.75$2.6060
—————$134.0042.97%$1.90$2.3001
—————$135.0047.74%$2.20$3.6040
05$8.40$9.80—$136.0044.69%$2.40$3.40930
03$7.40$9.10—$137.0041.80%$2.75$3.10671
21$7.20$7.50—$138.0044.39%$3.00$4.20840
05$6.50$7.50—$139.0041.83%$3.30$4.10180
09$5.80$6.40—$140.0040.76%$3.80$4.2040
—————$141.0043.89%$4.20$5.50110
—————$142.0039.96%$4.60$5.1060
04$4.10$4.6037.02%$143.00—————
04$3.60$4.6038.57%$144.00—$5.40$6.1030
04$3.40$3.7037.46%$145.00—————
04$2.80$3.7038.11%$146.00—$6.80$7.3010
01$2.40$2.9536.22%$147.00—————
010$2.25$2.7037.22%$148.00—————
03$1.75$2.5536.89%$149.00—————
428$1.55$2.0536.04%$150.00—$8.70$10.90300
01$1.05$1.5036.11%$152.50—————
—————$160.00—$17.20$19.8010

Forward $142.35. The 25-delta put carries +6.93 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 37.77%±14.02skew +2.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$18.30$21.30—$123.00—————
0—$17.60$20.40—$124.00—————
—————$130.0040.68%$1.35$2.0040
—————$135.0038.97%$2.40$3.3010
—————$136.0040.14%$2.80$3.90660
—————$137.0038.12%$3.10$3.80490
—————$138.0041.00%$3.40$5.10530
—————$139.0037.28%$3.70$4.60130
—————$140.0036.59%$4.10$4.90310
—————$141.0039.12%$4.40$6.30450
—————$142.00—$4.90$5.8010
01$4.50$5.5037.51%$143.00—————
01$3.30$4.2037.26%$146.00—$6.80$9.0060
60$3.00$4.2038.69%$147.00—$7.60$8.50220
024$2.60$3.5037.09%$148.00—$7.90$9.40110
07$2.20$3.2036.72%$149.00—————
0127$2.05$2.8536.91%$150.00—$9.80$10.6070
11$1.00$1.6536.31%$155.00—————

Forward $141.84. The 25-delta put carries +2.06 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 36.75%±17.15skew +6.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$60.70$64.10—$80.00—————
04,368$55.70$59.10—$85.00—————
03$50.80$54.20—$90.00—————
0640$45.90$48.40—$95.00—————
053$41.00$43.50—$100.00—————
08$36.00$38.80—$105.00—————
05$31.20$34.20—$110.00—————
11,043$27.60$28.40—$115.00—————
063$22.00$24.50—$120.0045.14%$0.85$1.401061
0353$17.70$20.10—$125.0042.36%$1.45$1.85852
0456$14.70$15.20—$130.0040.50%$2.25$2.801,7381
0179$10.90$11.70—$135.0039.50%$3.60$4.202220
2670$7.60$8.60—$140.0037.89%$5.20$6.107352
1558$5.40$6.1036.38%$145.00—$7.40$8.506368
15583$3.20$4.0034.62%$150.00—$10.60$11.50670
2900$1.90$2.5534.16%$155.00—$14.40$15.30500
1061,599$1.05$1.7534.60%$160.00—$18.20$20.60270
16257$0.70$1.0535.18%$165.00—$22.60$25.1020

Forward $142.79. The 25-delta put carries +6.34 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 35.24%±21.53skew +4.44
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0131$53.40$56.80—$87.50—————
0138$50.90$54.30—$90.00—————
0133$48.50$51.80—$92.50—————
0164$46.10$49.40—$95.00—————
0124$43.60$46.20—$97.50—————
1468$41.30$43.70—$100.00—————
0229$36.40$39.10—$105.00—————
0202$31.80$34.30—$110.00—————
0168$27.70$29.80—$115.00—————
0121$22.90$25.50—$120.0040.22%$1.60$2.104441
0100$18.80$21.40—$125.0039.27%$2.40$3.104181
0153$15.00$17.40—$130.0038.05%$3.50$4.302981
1438$12.60$14.00—$135.0037.08%$5.00$5.909101
0571$9.60$10.40—$140.0035.88%$6.80$7.901,1614
2480$7.00$7.9035.18%$145.00—$9.20$10.401400
18407$5.20$5.8034.97%$150.00—$12.00$14.609111
34621$3.60$4.2034.49%$155.00—$15.30$16.80250
461,633$2.40$2.8033.61%$160.00—$19.20$21.50180
5772$1.40$2.0533.23%$165.00—————
1329$0.90$1.5033.62%$170.00—$27.60$29.5010
01,227$0.60$0.9533.45%$175.00—————

Forward $142.63. The 25-delta put carries +4.44 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 36.22%±31.02skew +3.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
56,322$52.80$54.40—$90.00—————
06$47.30$50.20—$95.00—————
11,115$42.60$45.30—$100.00—————
099$38.20$40.80—$105.0041.15%$1.15$1.70593
02$33.90$36.60—$110.0040.72%$1.65$2.50520
—————$115.0039.65%$2.40$3.202820
026$25.80$28.50—$120.0039.43%$3.40$4.40980
0570$22.20$24.70—$125.0039.14%$4.70$5.802701
041$18.70$21.10—$130.0038.05%$6.00$7.302601
078$15.60$18.00—$135.0037.73%$7.90$9.20712
09$12.70$15.20—$140.0037.09%$9.90$11.40651
129$10.80$12.5036.60%$145.00—$12.20$14.00671
3118$8.70$9.9035.58%$150.00—$15.00$16.90220
168$6.90$8.0035.16%$155.00—$18.10$20.60240
4120$5.50$6.4034.97%$160.00—$21.50$23.6050
467$4.30$5.1034.77%$165.00—$25.20$27.3010
0310$3.20$4.5035.26%$170.00—————
0196$2.45$3.0033.90%$175.00—————
0408$1.90$3.0035.55%$180.00—————
0212$1.00$1.6034.31%$190.00—————
07$0.75$1.2534.37%$195.00—————

Forward $143.53. The 25-delta put carries +3.88 volatility points over the 25-delta call.

2027-04-16(158 days)ATM 36.70%±34.58skew +3.54
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$115.0039.30%$2.85$4.30140
01$26.70$29.40—$120.0038.86%$4.00$5.5010
011$23.10$25.60—$125.0037.87%$5.10$6.90310
0127$19.70$22.20—$130.0037.72%$6.90$8.60200
0255$16.60$19.10—$135.0037.03%$8.70$10.50850
025$13.60$16.20—$140.0036.43%$10.70$12.8030
0264$11.90$13.8037.01%$145.00—————
01$9.60$11.6036.29%$150.00—$15.60$18.00190
010$7.90$9.7036.08%$155.00—$19.00$21.50420
042$6.20$8.0035.45%$160.00—————
0237$5.00$6.2034.69%$165.00—$25.80$28.30200
038$3.90$5.0034.33%$170.00—————
07$3.00$4.1034.17%$175.00—————
010$2.35$3.8035.09%$180.00—————

Forward $143.21. The 25-delta put carries +3.54 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.