Options Skew Analytics

JPM option chain

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

Data as of 24 September 2026 (end of day)

2026-09-25(1 day)ATM 27.50%±4.87skew +2.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
13$26.20$29.85—$310.00—————
22$21.20$23.70—$315.00—————
01$18.70$21.45—$317.50—————
7524$16.20$19.05—$320.00—————
62$13.75$16.20—$322.5038.06%$0.01$0.0349641
3247$11.55$13.95—$325.0034.34%$0.02$0.042,092402
1459$9.05$11.10—$327.5032.59%$0.05$0.09633304
8246$6.90$9.05—$330.00—————
4237$4.65$6.30—$332.5028.57%$0.29$0.391,4472,257
125126$3.10$4.20—$335.0028.80%$0.71$1.002,4001,248
820519$2.12$2.37—$337.5027.80%$1.51$1.891,062930
1,6741,515$1.00$1.1326.60%$340.00—$2.63$3.702,712380
1,1753,076$0.37$0.5026.46%$342.50—$4.55$5.701,03248
1,2777,088$0.16$0.2027.71%$345.00—$6.85$7.501,94398
439898$0.05$0.0828.54%$347.50—$8.90$10.9062328
7072,364$0.01$0.0530.70%$350.00—$11.05$13.201,141234
2001,422$0.01$0.0334.16%$352.50—$13.85$16.1055100
—————$355.00—$16.15$18.6061
181787$0.01$0.0344.02%$357.50—$19.05$21.1055
—————$360.00—$21.55$23.6060
—————$365.00—$25.75$29.0510

Forward $338.05. The 25-delta put carries +2.34 volatility points over the 25-delta call.

2026-10-02(8 days)ATM 23.24%±11.64skew +2.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
234$26.85$29.50—$310.00—————
11$22.25$24.45—$315.00—————
2771$17.35$19.50—$320.0025.98%$0.36$0.4724094
—————$322.5026.85%$0.57$0.8825725
2633$13.05$14.55—$325.0025.89%$0.81$1.11750231
08$10.50$12.95—$327.5025.52%$1.13$1.57343291
2625$9.55$10.65—$330.0024.32%$1.63$1.84584310
35$7.90$8.60—$332.5024.12%$2.26$2.5638373
3313$6.45$6.80—$335.0023.58%$3.10$3.30683378
445136$5.00$5.20—$337.5023.38%$4.10$4.40158100
1,4931,046$3.70$3.9522.99%$340.00—$5.30$5.7043187
789140$2.63$2.8922.57%$342.50—$6.70$7.9013127
1,206841$1.85$2.0222.31%$345.00—$8.30$9.0532683
691379$1.19$1.4222.06%$347.50—$10.25$11.507625
1,392775$0.74$0.9421.79%$350.00—$12.25$13.8547442
156483$0.42$0.6821.90%$352.50—$14.05$16.355312
170668$0.29$0.3921.85%$355.00—$16.75$18.4520258
—————$357.50—$19.05$21.55201
252543$0.12$0.1622.45%$360.00—$21.50$24.103861
—————$362.50—$23.30$26.5540
165746$0.03$0.0823.05%$365.00—————

Forward $338.35. The 25-delta put carries +2.01 volatility points over the 25-delta call.

2026-10-09(15 days)ATM 23.67%±16.18skew +2.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
11$27.30$29.50—$310.0026.34%$0.32$0.5310827
12$22.35$24.55—$315.0026.23%$0.75$0.8965538
0—$19.95$22.50—$317.50—————
124$17.85$19.60—$320.0025.26%$1.21$1.47295117
—————$322.5024.95%$1.52$1.941166
29$13.65$15.25—$325.0024.56%$2.11$2.2850841
06$11.65$13.25—$327.5024.52%$2.58$3.1016940
212$10.65$11.35—$330.0024.43%$3.40$3.80832134
102$8.85$10.25—$332.5023.96%$4.25$4.5518819
2762$7.15$8.05—$335.0024.01%$5.20$5.75692107
1169$6.20$6.4023.68%$337.50—$6.35$6.8528634
34201$4.95$5.2523.42%$340.00—$7.65$8.0575587
1471$3.85$4.0522.75%$342.50—$8.80$10.55608
67302$2.63$3.5022.50%$345.00—$10.50$11.3041524
2478$2.23$2.4522.31%$347.50—$12.00$14.1531
106383$1.64$1.8622.12%$350.00—$14.10$15.654837
20131$1.00$1.4921.73%$352.50—$16.10$18.2550
691,445$0.71$0.9721.22%$355.00—$18.35$20.101480
4885$0.51$0.7721.59%$357.50—$20.20$22.75110
—————$360.00—$23.10$25.15712
—————$365.00—$27.80$30.30140

Forward $337.20. The 25-delta put carries +2.21 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 28.02%±23.21skew +3.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2699$28.05$29.75—$310.0031.80%$1.63$1.932,18575
0358$23.15$25.85—$315.0030.63%$2.28$2.514,12738
0—$21.40$23.65—$317.5030.86%$2.62$3.30—5
140211$20.05$21.65—$320.0029.94%$3.15$3.501,741137
—————$322.5030.00%$3.70$4.302902
0244$15.50$17.65—$325.0029.30%$4.40$4.701,422140
—————$327.5029.87%$5.15$5.951098
1521,893$12.70$14.00—$330.0028.78%$6.00$6.304,10772
07$10.85$12.25—$332.5028.63%$6.95$7.30360
40812$10.25$11.00—$335.0028.46%$8.00$8.402,577230
8482$9.00$9.4528.14%$337.50—$9.10$9.557547
2851,145$7.70$8.1527.70%$340.00—$10.40$11.301,93234
1408$6.20$7.2027.15%$342.50—$11.80$13.15150
1203,647$5.65$6.1527.60%$345.00—$13.30$14.701,60958
13559$4.80$5.1027.25%$347.50—$14.40$16.4061
2423,104$3.80$4.3526.80%$350.00—$16.25$17.801,68965
269$3.00$3.6526.42%$352.50—$18.00$20.00261
3742,969$2.77$2.9626.81%$355.00—$19.60$20.751,62811
16152$2.18$2.4826.60%$357.50—$22.00$22.7522
1885,305$1.75$1.9526.28%$360.00—$23.95$24.8563815
18140$1.34$1.6826.29%$362.50—$25.55$27.0010

Forward $337.40. The 25-delta put carries +3.58 volatility points over the 25-delta call.

2026-10-23(29 days)ATM 27.61%±26.28skew +3.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$56.35$60.40—$280.00—————
02$42.05$44.55—$295.00—————
1101$37.30$39.75—$300.00—————
—————$305.0031.26%$1.34$2.12526
12$28.15$30.75—$310.0030.23%$1.97$2.57869
20$24.05$26.25—$315.0029.62%$2.85$3.308018
135$20.25$22.60—$320.0028.74%$3.70$4.3531547
633$16.70$18.50—$325.0028.54%$5.20$5.705358
571$14.25$15.25—$330.0028.32%$6.85$7.5523318
815$11.45$12.05—$335.0027.89%$8.85$9.6032639
33166$8.85$9.8027.48%$340.00—$11.25$12.001618
2065$6.65$7.0026.27%$345.00—$13.80$15.25173
53249$4.00$5.4024.95%$350.00—$16.90$18.45731
825$3.35$3.8525.59%$355.00—$20.65$22.002510
37308$2.28$2.5925.04%$360.00—$24.75$26.55120
31130$1.40$2.1125.35%$365.00—$28.80$30.8510
111485$1.06$1.4525.67%$370.00—$33.05$36.0510
—————$375.00—$38.00$40.7010
—————$385.00—$47.15$50.2510
—————$390.00—$52.55$55.15160
—————$400.00—$61.40$65.2010

Forward $337.69. The 25-delta put carries +3.14 volatility points over the 25-delta call.

2026-10-30(36 days)ATM 26.26%±27.82skew +2.85
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$151.25$155.10—$185.00—————
01$86.25$89.75—$250.00—————
425$37.70$40.35—$300.0030.59%$1.38$1.898653
01$33.20$35.75—$305.0029.43%$1.73$2.406712
113$29.00$31.45—$310.0028.61%$2.39$3.007221
02$25.75$27.35—$315.0028.30%$3.40$3.9010322
02$21.30$23.00—$320.0027.85%$4.45$5.1515869
011$18.05$19.55—$325.0026.94%$5.55$6.5514615
3226$14.70$16.30—$330.0026.53%$7.55$8.002067
2821$11.90$12.75—$335.0026.52%$9.20$10.80426
277221$9.25$10.2526.10%$340.00—$11.85$12.45898
393$7.10$7.8525.54%$345.00—$14.60$16.20772
60288$5.20$6.0025.08%$350.00—$17.30$19.45730
1666$3.85$4.5524.99%$355.00—$21.25$23.00424
13114$2.75$3.3024.71%$360.00—$24.80$27.05100
785$2.03$2.4224.84%$365.00—————
7123$1.45$1.7024.78%$370.00—————
3276$1.00$1.1824.71%$375.00—————
0101$0.63$0.8624.68%$380.00—$42.80$45.5510
138$0.33$0.5325.82%$390.00—————
—————$410.00—$71.25$75.1510

Forward $337.33. The 25-delta put carries +2.85 volatility points over the 25-delta call.

2026-11-20(57 days)ATM 25.66%±34.32skew +3.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
064$48.40$50.95—$290.0030.11%$1.59$1.8056138
074$43.90$46.40—$295.0029.36%$1.96$2.2747317
1165$39.60$41.65—$300.0028.88%$2.55$2.8667884
088$35.35$37.90—$305.0028.24%$3.20$3.5580246
0231$31.25$33.25—$310.0027.83%$4.10$4.452,16072
0107$27.65$29.65—$315.0027.28%$5.05$5.5570099
14672$23.95$25.55—$320.0026.90%$6.40$6.806,36686
250212$20.85$21.95—$325.0026.36%$7.90$8.201,961188
5281$18.25$18.70—$330.0026.02%$9.50$10.2082267
414801$15.30$15.70—$335.0025.97%$11.55$12.6092184
111578$12.65$13.0525.67%$340.00—$13.95$14.951,740179
1741,817$10.30$10.6525.24%$345.00—$16.55$17.4559434
5641,649$8.25$8.6024.89%$350.00—$19.70$20.601,30217
36747$6.50$6.8524.57%$355.00—$23.00$24.157775
5641,914$5.05$5.3524.26%$360.00—$26.65$28.256450
921,301$4.00$4.2024.27%$365.00—$30.15$32.253880
971,894$2.99$3.2524.06%$370.00—$34.40$36.95340
401,194$2.15$2.5223.86%$375.00—$38.35$41.50120
39773$1.64$1.8723.80%$380.00—$43.50$45.60380
35512$1.22$1.3923.76%$385.00—$48.05$50.2560
176,394$0.87$1.1223.92%$390.00—$52.85$55.4030

Forward $338.39. The 25-delta put carries +3.01 volatility points over the 25-delta call.

2026-12-18(85 days)ATM 24.81%±40.65skew +2.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0266$50.55$52.95—$290.0028.49%$2.45$2.861,03617
054$46.00$48.60—$295.0027.79%$3.00$3.3534223
981,836$42.15$44.40—$300.0027.51%$3.80$4.103,02433
042$37.60$39.75—$305.0026.90%$4.60$4.8564458
21,016$34.00$36.10—$310.0026.49%$5.50$5.9598153
3206$30.40$32.35—$315.0026.29%$6.75$7.2556542
21,029$27.55$28.70—$320.0025.69%$8.05$8.451,26522
4392$23.30$25.20—$325.0025.46%$9.75$10.051,072167
231,079$20.55$21.75—$330.0025.23%$11.60$11.951,72461
7399$18.40$19.00—$335.0024.95%$13.55$14.1557619
511,472$15.70$16.2024.92%$340.00—$15.60$17.051,18922
143296$13.30$13.6524.53%$345.00—$18.50$19.702325
1022,196$11.10$11.4524.18%$350.00—$21.45$22.951,4887
12513$8.70$9.5523.53%$355.00—$24.45$25.951,4520
362,089$7.55$7.8523.68%$360.00—$27.80$29.552,0983
131,197$6.10$6.4523.48%$365.00—$31.75$33.755230
532,466$4.90$5.2523.32%$370.00—$35.65$37.303452
721,465$3.85$4.2023.08%$375.00—$39.55$42.30180
181,854$3.15$3.3523.09%$380.00—$43.70$46.5550
41896$2.43$2.7223.02%$385.00—$47.80$50.9510
198776$1.76$2.0922.64%$390.00—$52.20$55.70160

Forward $339.62. The 25-delta put carries +2.97 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.