Options Skew Analytics

JNJ option chain

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

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 26.86%±10.24skew +1.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$54.00$56.45—$220.00—————
05$44.00$46.65—$230.00—————
01$39.00$41.50—$235.00—————
02$34.00$36.65—$240.00—————
01$31.55$34.50—$242.50—————
017$29.05$31.75—$245.00—————
2321$24.05$26.80—$250.00—————
185$19.15$21.90—$255.00—————
2310$17.00$19.65—$257.50—————
4118$14.40$17.15—$260.00—————
028$12.40$14.70—$262.5029.76%$0.59$0.807533
64685$10.15$12.60—$265.0028.80%$0.83$1.16175119
1537$8.80$9.50—$267.5027.80%$1.21$1.6011062
120455$6.95$7.65—$270.0028.28%$1.99$2.3316624
147146$4.85$5.70—$272.5028.10%$2.74$3.357645
316389$3.85$4.50—$275.0026.91%$3.65$4.354029
79187$2.73$3.3026.69%$277.50—$5.00$5.803210
497652$1.92$2.2626.45%$280.00—$6.60$7.35268
204160$1.14$1.6326.19%$282.50—$8.50$9.1590
104966$0.75$1.1026.45%$285.00—$9.70$12.05010
7278$0.55$0.6526.69%$287.50—$11.75$14.10200

Forward $275.18. The 25-delta put carries +1.61 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 27.22%±14.68skew +1.91
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$39.25$41.90—$235.00—————
092$34.30$37.10—$240.0034.68%$0.13$0.151,372112
07$29.40$32.40—$245.00—————
—————$247.5031.37%$0.21$0.3310313
11547$24.70$27.35—$250.0031.08%$0.34$0.432,329289
015$22.20$24.80—$252.5029.73%$0.40$0.5348106
1657$19.85$22.10—$255.0029.75%$0.62$0.7419949
1119$17.85$20.50—$257.5028.54%$0.73$0.955393
102,274$16.10$17.60—$260.0028.66%$1.05$1.363,277148
046$13.90$14.95—$262.5028.27%$1.36$1.8514956
9262$11.90$13.15—$265.0028.43%$1.96$2.4435567
2283$10.15$10.90—$267.5028.00%$2.61$3.056519
1864,201$8.65$9.30—$270.0027.85%$3.40$3.901,075406
27229$7.00$7.65—$272.5027.70%$4.30$4.9547131
104426$5.75$6.25—$275.0027.25%$5.45$5.9510271
40419$4.55$5.1027.17%$277.50—$6.65$7.352621
2722,861$3.60$3.9526.89%$280.00—$8.15$9.0021921
59751$2.04$2.3526.52%$285.00—$11.40$12.35510
4691,661$1.23$1.3226.95%$290.00—$14.65$17.0050
6346$0.56$0.8327.21%$295.00—————
—————$300.00—$23.90$26.3020

Forward $275.30. The 25-delta put carries +1.91 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 27.44%±18.06skew +0.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$89.10$92.00—$185.00—————
02$54.20$57.15—$220.00—————
01$44.25$47.40—$230.00—————
01$39.30$42.40—$235.00—————
011$34.40$37.10—$240.00—————
023$29.55$32.50—$245.00—————
1030$24.75$27.75—$250.0029.14%$0.69$0.876911
030$20.45$23.10—$255.0027.95%$1.08$1.39328138
5113$16.70$18.60—$260.0028.02%$1.95$2.36376186
3175$12.55$13.65—$265.0027.30%$3.10$3.551603
24139$9.25$10.05—$270.0027.07%$4.85$5.30559
1327$6.45$7.3027.44%$275.00—$7.15$7.90500
25293$4.35$4.8026.60%$280.00—$9.75$10.75200
19365$2.72$3.3026.57%$285.00—————
386450$1.60$2.0626.19%$290.00—————
28152$0.95$1.1825.97%$295.00—$20.05$23.0010
4972$0.53$0.6926.02%$300.00—————

Forward $274.35. The 25-delta put carries +0.72 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 26.43%±20.09skew +1.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$79.15$82.15—$195.00—————
—————$240.0029.60%$0.36$0.545510
—————$245.0028.73%$0.61$0.8212415
01$25.30$27.30—$250.0028.54%$1.04$1.381965
08$20.85$22.85—$255.0028.04%$1.71$2.086310
2019$16.90$18.10—$260.0027.52%$2.63$3.107735
111$13.20$14.30—$265.0026.94%$3.95$4.404612
1368$10.15$10.90—$270.0026.69%$5.75$6.25281
10486$7.40$8.0026.43%$275.00—$8.00$8.60110
847$5.25$5.9026.41%$280.00—$10.05$11.8020
17276$3.55$4.2026.25%$285.00—$13.00$15.0510
4157$2.44$2.8326.26%$290.00—————
233$1.46$1.8825.93%$295.00—————
2134$0.89$1.2926.16%$300.00—————

Forward $274.40. The 25-delta put carries +1.26 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 26.79%±22.78skew +0.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$49.30$52.50—$225.00—————
—————$235.0030.57%$0.41$0.59116
—————$250.0028.10%$1.47$1.78694
—————$255.0027.65%$2.12$2.71348
10$17.90$19.45—$260.0026.67%$3.10$3.6014210
01$14.25$15.95—$265.0026.65%$4.45$5.30324
018$11.05$12.55—$270.0027.19%$6.50$7.5071
325$8.30$9.4026.76%$275.00—$8.55$9.951272
36717$6.25$7.6027.47%$280.00—$11.35$12.5510
521$4.40$5.2526.38%$285.00—————
9188$2.91$3.8526.09%$290.00—————
12733$2.13$2.7826.51%$295.00—————
117$1.29$1.9326.14%$300.00—————
—————$340.00—$64.05$66.9501

Forward $274.60. The 25-delta put carries +0.58 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 26.42%±24.62skew +1.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
068$119.05$122.05—$155.00—————
0137$114.10$117.00—$160.00—————
0399$109.10$112.05—$165.00—————
0226$104.10$107.10—$170.00—————
0260$99.10$102.10—$175.00—————
23529$94.10$97.20—$180.00—————
1627$89.15$91.85—$185.00—————
0898$84.10$87.10—$190.00—————
0273$79.15$82.20—$195.00—————
0884$74.15$77.15—$200.00—————
0616$64.05$66.85—$210.00—————
0985$54.30$57.15—$220.0033.99%$0.22$0.361,29433
21,939$44.60$47.20—$230.0031.10%$0.46$0.542,488691
211,577$35.00$37.65—$240.0029.34%$0.98$1.063,178102
102,640$25.95$28.95—$250.0027.87%$1.98$2.148,653250
81,641$18.60$19.55—$260.0027.11%$3.95$4.302,03084
884,712$11.90$12.75—$270.0026.67%$7.40$7.801,52747
1,0524,036$7.05$7.7526.22%$280.00—$11.85$13.0564014
912,888$3.85$4.1025.63%$290.00—$18.75$20.45592
3121,625$1.79$2.1725.44%$300.00—$26.35$28.5570
325,839$0.88$1.0825.83%$310.00—————

Forward $274.75. The 25-delta put carries +1.48 volatility points over the 25-delta call.

2026-12-24(48 days)ATM 27.20%±27.09skew +0.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$104.10$107.30—$170.00—————
0—$99.10$102.25—$175.00—————
0—$94.10$97.30—$180.00—————
0—$89.15$92.20—$185.00—————
0—$83.95$87.30—$190.00—————
0—$79.15$82.15—$195.00—————
0—$74.15$77.20—$200.00—————
10$39.60$42.70—$235.00—————
—————$240.0029.30%$1.12$1.513610
—————$245.0028.42%$1.46$2.12129
—————$250.0027.42%$2.14$2.63134
—————$255.0027.09%$3.05$3.6510
—————$260.0026.78%$4.20$5.0001
01$12.50$14.10—$270.00—————
20$9.95$11.2527.21%$275.00—————
01$7.60$9.0526.98%$280.00—————
10$5.95$6.8526.74%$285.00—————
60$4.35$5.1526.31%$290.00—————
1010$3.15$4.1026.54%$295.00—————
70$1.78$2.9525.37%$300.00—$26.05$29.0510
01$1.56$2.2526.36%$305.00—————

Forward $274.68. The 25-delta put carries +0.24 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 25.82%±31.16skew +1.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1474$114.10$117.05—$160.00—————
0510$109.10$112.10—$165.00—————
3504$104.10$106.85—$170.00—————
0328$99.10$102.15—$175.00—————
01,396$94.20$97.15—$180.00—————
03,245$89.20$92.20—$185.00—————
61,889$84.30$87.10—$190.00—————
0211$79.40$82.35—$195.00—————
61,453$74.45$77.45—$200.00—————
82,910$64.65$67.45—$210.0032.11%$0.27$0.413,0219
3824$55.00$58.05—$220.0030.10%$0.50$0.654,37615
52,075$45.55$48.25—$230.0028.80%$0.99$1.153,049115
62,476$36.85$38.95—$240.0027.72%$1.88$2.053,23491
113,920$28.65$29.55—$250.0026.95%$3.35$3.704,693163
73,540$21.00$22.20—$260.0026.32%$5.75$6.254,84161
1373,936$15.05$15.75—$270.0025.87%$9.35$9.9588764
1076,631$10.05$10.6525.80%$280.00—$14.35$15.1059912
1093,589$6.35$6.9025.51%$290.00—$19.80$22.10536
713,425$3.90$4.1525.29%$300.00—$27.45$29.75100
154,826$2.17$2.6125.36%$310.00—$35.80$38.2540
12484$1.29$1.4725.50%$320.00—$44.65$47.5530

Forward $275.59. The 25-delta put carries +1.03 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.