Options Skew Analytics

KDP option chain

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

Data as of 9 November 2026 (end of day)

2026-12-18(39 days)ATM 26.24%±3.17skew +2.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
049$11.90$15.90—$23.00—————
037$9.90$14.00—$25.00—————
02$8.90$13.00—$26.00—————
027$9.20$12.00—$27.00—————
027$8.20$11.00—$28.00—————
045$7.40$9.70—$29.00—————
104259$6.90$7.30—$30.00—————
0193$5.30$7.20—$31.00—————
8321$4.90$5.70—$32.00—————
4589$3.90$4.50—$33.0030.87%$0.20$0.254042
84,558$3.20$3.50—$34.0030.09%$0.30$0.454950
23,112$2.40$2.65—$35.0028.09%$0.50$0.6010320
0300$1.55$2.00—$36.0027.17%$0.75$0.95956
461,263$1.20$1.40—$37.00—$1.20$1.401478
2347$0.75$0.9025.90%$38.00—$1.70$2.0550
031$0.45$0.6026.00%$39.00—————
12481$0.25$0.4026.26%$40.00—$3.20$4.7010
—————$41.00—$4.00$5.5070

Forward $37.00. The 25-delta put carries +2.09 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 25.75%±4.08skew +3.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
041$19.80$23.90—$15.00—————
0153$14.90$18.90—$20.00—————
087$11.90$16.00—$23.00—————
0474$11.40$12.40—$25.00—————
01$10.30$11.80—$26.00—————
012$9.40$10.40—$27.00—————
0544$8.50$9.40—$28.0040.24%$0.10$0.157570
25$7.40$8.30—$29.00—————
1619$6.90$7.30—$30.00—————
0120$5.60$6.40—$31.0031.27%$0.15$0.251870
0121$4.70$5.70—$32.0030.34%$0.25$0.353620
0532$3.90$4.80—$33.0029.02%$0.35$0.501710
0835$3.00$3.80—$34.0027.81%$0.55$0.654170
812,341$2.60$3.00—$35.0028.25%$0.80$1.054880
85155$2.05$2.40—$36.0026.74%$1.10$1.351760
511,156$1.50$1.7025.92%$37.00—$1.55$1.75124
168$1.05$1.2025.06%$38.00—$2.10$2.3040
04$0.70$0.9025.14%$39.00—————
2840$0.45$0.6024.61%$40.00—————
1060$0.30$0.4525.27%$41.00—————
—————$45.00—$7.90$8.9010

Forward $36.95. The 25-delta put carries +3.20 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.