Options Skew Analytics

JPM 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 27.83%±9.98skew +4.02
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
6812$31.95$34.35—$310.00—————
741$29.45$31.90—$312.50—————
384$27.05$29.40—$315.00—————
181$24.55$26.95—$317.50—————
115$22.55$23.75—$320.0036.92%$0.16$0.242,555194
116$19.75$21.55—$322.5036.02%$0.27$0.31412124
477$17.70$18.10—$325.0034.75%$0.38$0.42633175
977$15.55$15.75—$327.5033.60%$0.54$0.58195177
28146$13.30$13.45—$330.0032.42%$0.76$0.801,291491
8314$11.05$11.25—$332.5031.43%$1.07$1.13132329
152518$9.05$9.25—$335.0030.33%$1.50$1.55295691
103170$7.15$7.30—$337.5029.38%$2.08$2.1518777
542759$5.45$5.60—$340.0028.59%$2.88$2.95499361
610581$3.95$4.10—$342.5027.89%$3.90$4.00212347
1,1111,199$2.80$2.8627.34%$345.00—$5.20$5.3017284
482765$1.86$1.9126.78%$347.50—$6.70$6.858351
1,3882,141$1.17$1.2126.31%$350.00—$8.50$8.7022481
1,189805$0.69$0.7325.92%$352.50—$10.55$10.80294
4901,419$0.38$0.4325.69%$355.00—$12.80$13.057325
198291$0.20$0.2325.42%$357.50—$15.10$15.4021
6541,857$0.10$0.1525.86%$360.00—$17.30$17.95340

Forward $342.58. The 25-delta put carries +4.02 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 25.60%±15.24skew +3.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$25.80$27.15—$317.5031.75%$0.65$0.70—27
13695$23.45$25.25—$320.0031.12%$0.83$0.887,238176
78$21.00$23.05—$322.5030.42%$1.05$1.094579
1325$18.95$20.50—$325.0029.67%$1.31$1.353,311705
040$16.95$17.10—$327.5028.99%$1.63$1.6950342
18948$14.85$15.00—$330.0028.31%$2.04$2.093,450159
17144$12.85$13.05—$332.5027.69%$2.54$2.60356147
731,804$11.00$11.15—$335.0027.16%$3.15$3.252,213734
447846$9.25$9.40—$337.5026.62%$3.90$4.00309195
3241,955$7.65$7.80—$340.0026.12%$4.80$4.902,203225
77344$6.20$6.35—$342.5025.73%$5.85$6.00129122
7223,243$4.95$5.0525.28%$345.00—$7.10$7.2596556
562287$3.85$4.0024.97%$347.50—$8.50$8.652218
6775,534$2.97$3.0524.65%$350.00—$10.10$10.251,50148
68894$2.21$2.2724.27%$352.50—$11.85$12.005956
1893,381$1.63$1.6724.07%$355.00—$13.80$13.959136
31240$1.16$1.2123.87%$357.50—$15.85$16.00315
2995,484$0.80$0.8423.59%$360.00—$17.80$18.806502
31649$0.56$0.5823.53%$362.50—$18.85$20.6530
2512,402$0.38$0.4023.50%$365.00—$21.20$23.004050
43482$0.26$0.2923.70%$367.50—$23.55$25.5010

Forward $342.85. The 25-delta put carries +3.42 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 23.49%±17.91skew +3.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$25.80$28.20—$317.5029.21%$1.05$1.31—2
012$23.70$25.30—$320.0028.10%$1.25$1.4229447
0—$21.80$24.05—$322.5027.93%$1.52$1.84—44
07$19.45$21.30—$325.0026.95%$1.82$2.0523546
0—$17.45$19.30—$327.5026.04%$2.03$2.47—4
053$15.70$17.15—$330.0026.25%$2.72$3.051394
0—$13.30$14.40—$332.5025.64%$3.20$3.65—2
10112$11.75$13.20—$335.0025.38%$4.00$4.303702
2—$9.90$10.95—$337.5023.86%$3.90$5.35—0
11313$8.80$9.10—$340.0024.63%$5.70$6.05206300
5—$7.15$8.10—$342.5023.68%$6.30$7.20—0
22659$6.05$6.6023.35%$345.00—$8.00$8.50306
2—$4.80$5.4522.89%$347.50—$9.45$9.85—0
431,350$3.95$4.4022.80%$350.00—$9.90$11.30481
11—$3.20$3.6022.87%$352.50—$12.65$13.05—0
831,286$2.52$2.7122.43%$355.00—$14.50$15.201360
27—$1.93$2.1522.34%$357.50—$16.40$17.00—0
441,001$1.27$1.6221.62%$360.00—$17.80$19.45140
0—$0.93$1.2321.53%$362.50—$19.00$21.35—0
29502$0.70$0.8621.33%$365.00—$21.70$23.5520
60372$0.30$0.5021.18%$370.00—$26.70$28.1510

Forward $343.38. The 25-delta put carries +3.82 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 23.81%±21.39skew +3.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$43.20$45.00—$300.0031.70%$0.49$0.674861
01$38.50$40.80—$305.0030.55%$0.72$0.86810
—————$310.0029.25%$0.98$1.13355215
—————$315.0028.18%$1.35$1.5526117
88$24.95$26.65—$320.0027.44%$1.90$2.21292154
614$20.40$21.60—$325.0026.75%$2.72$3.0514311
04$17.00$17.70—$330.0025.51%$3.70$3.95106132
523$13.30$14.20—$335.0025.18%$5.10$5.6062118
21318$10.25$10.80—$340.0023.69%$6.35$7.4034998
6173$7.50$7.9523.83%$345.00—$9.15$9.651418
23146$5.20$5.6523.10%$350.00—$11.80$12.35211
25185$3.40$3.7522.29%$355.00—$14.50$15.851600
82712$2.10$2.3921.69%$360.00—$17.75$19.6090
32380$1.25$1.5321.48%$365.00—$21.65$24.3070
6285$0.59$0.9020.77%$370.00—————

Forward $343.32. The 25-delta put carries +3.82 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 23.49%±23.92skew +3.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$72.90$75.70—$270.00—————
—————$290.0033.66%$0.43$0.69266
—————$305.0030.06%$1.01$1.35865108
010$34.70$36.75—$310.0028.55%$1.33$1.591106
—————$315.0027.52%$1.70$2.14907111
—————$320.0026.95%$2.38$2.906913
20$21.85$23.90—$325.0025.80%$3.15$3.651276
61$17.70$18.95—$330.0025.16%$4.20$4.90331
16$14.25$15.50—$335.0024.31%$5.55$6.301052
64243$11.05$12.15—$340.0024.19%$7.40$8.45412
2132$8.50$9.4023.44%$345.00—$9.65$10.50400
963$6.10$6.7022.36%$350.00—$12.05$13.1090
3471$4.10$5.1022.10%$355.00—$15.00$16.6050
21172$2.81$3.3021.42%$360.00—————
6559$1.78$2.2121.07%$365.00—$21.85$24.1510
2104$1.06$1.3320.51%$370.00—————

Forward $343.87. The 25-delta put carries +3.74 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 23.25%±26.14skew +3.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
061$58.65$61.15—$285.0033.50%$0.54$0.661,23318
0278$53.95$56.30—$290.0033.00%$0.69$0.962,09134
094$49.30$51.50—$295.0031.28%$0.83$1.071,08015
41,921$44.40$46.15—$300.0030.29%$1.04$1.394,19292
460$39.35$41.35—$305.0029.09%$1.38$1.641,82146
1976$35.50$37.40—$310.0028.01%$1.77$2.051,93865
0208$30.90$33.00—$315.0027.35%$2.45$2.601,53889
11,065$26.75$28.15—$320.0026.41%$3.10$3.352,292146
24406$22.45$24.50—$325.0025.68%$4.05$4.302,84370
31,656$19.10$19.80—$330.0024.99%$5.25$5.503,66065
111,520$15.60$16.80—$335.0024.52%$6.75$7.151,22870
513,708$12.50$12.75—$340.0023.71%$8.55$8.852,544410
3131,853$9.70$10.0023.24%$345.00—$10.80$11.1082939
3633,790$7.30$7.6522.71%$350.00—$13.45$13.901,35337
2552,029$5.30$5.7022.22%$355.00—$15.65$17.051,4981
8485,795$3.75$4.0521.73%$360.00—$19.45$20.602,0972
2264,675$2.53$2.7721.23%$365.00—$22.55$24.605800
1,0293,215$1.63$1.9220.95%$370.00—$26.85$28.902210
621,848$0.87$1.3320.46%$375.00—$31.85$33.3540
772,406$0.64$0.7720.38%$380.00—————
261,017$0.39$0.4720.23%$385.00—————

Forward $343.90. The 25-delta put carries +3.96 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 23.47%±28.42skew +5.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$310.0027.94%$2.02$2.5052
—————$315.0027.24%$2.55$3.2520
02$27.35$29.45—$320.0026.69%$3.45$4.0522
11$23.45$25.45—$325.0026.41%$4.35$5.4510
053$19.80$21.15—$330.0024.98%$5.45$6.2030
029$16.45$17.90—$335.0025.32%$7.10$8.40160
1733$13.00$14.65—$340.0024.84%$8.95$10.3042
313$10.60$11.9523.70%$345.00—$11.00$12.0008
59$8.15$8.9022.58%$350.00—————
12$6.00$6.7021.90%$355.00—————
11816$4.20$4.8021.10%$360.00—————
11167$3.00$3.4020.79%$365.00—————
110$2.00$2.4020.47%$370.00—$26.80$29.15110
815$1.24$1.6220.05%$375.00—$31.80$33.40010

Forward $344.77. The 25-delta put carries +5.62 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 24.39%±35.94skew +4.93
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0544$112.80$115.95—$230.00—————
01,981$102.80$106.10—$240.00—————
8935$93.85$96.25—$250.0038.30%$0.39$0.555,56710
0327$84.05$86.45—$260.0036.59%$0.60$0.784,11611
01,194$74.45$76.80—$270.0034.43%$0.90$0.986,37835
0821$64.80$67.20—$280.0032.42%$1.19$1.437,762132
5503$55.65$57.75—$290.0031.02%$1.88$2.055,95084
43,782$46.45$48.60—$300.0029.67%$2.79$3.056,550789
01,626$37.80$39.85—$310.0028.45%$4.25$4.405,174103
23,221$29.55$31.20—$320.0027.36%$6.15$6.553,931130
484,365$22.70$23.50—$330.0026.17%$8.85$9.256,385212
994,385$16.35$16.80—$340.0025.11%$12.55$12.852,632903
1676,782$11.10$11.4023.92%$350.00—$17.35$17.752,32065
1278,074$7.10$7.4023.11%$360.00—$23.10$24.051,0628
1256,317$4.20$4.5522.43%$370.00—$29.35$31.107652
8094,426$2.36$2.6421.96%$380.00—$37.10$39.35760
543,737$1.23$1.4521.57%$390.00—$46.95$48.8010
1055,170$0.62$0.7521.31%$400.00—$55.55$58.4520
51,576$0.30$0.3921.24%$410.00—————
24658$0.08$0.1221.82%$430.00—————
—————$440.00—$95.55$98.6510

Forward $343.90. The 25-delta put carries +4.93 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.