Options Skew Analytics

KHC option chain

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

Data as of 22 September 2026 (end of day)

2026-09-25(3 days)ATM 34.16%±0.75skew +0.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
12018$6.95$7.20—$17.00—————
11920$5.95$6.25—$18.00—————
1194$4.95$5.30—$19.00—————
1268$3.95$4.20—$20.00—————
1154$3.45$3.75—$20.50—————
1128$3.00$3.30—$21.00—————
1135$2.47$2.84—$21.50—————
11214$1.93$2.33—$22.00—————
1006$1.48$1.85—$22.50—————
13210$1.00$1.35—$23.0037.52%$0.02$0.0546945
342$0.59$0.86—$23.5034.79%$0.07$0.131,662507
13989$0.30$0.35—$24.0034.15%$0.26$0.281,8701,200
1,56521,954$0.12$0.1434.37%$24.50—$0.51$0.601,003241
42522,834$0.03$0.0534.43%$25.00—$0.93$1.021,364356
221996$0.01$0.0339.82%$25.50—$1.19$1.56447
—————$26.00—$1.89$2.056322
—————$26.50—$1.95$2.6421
—————$27.00—$2.79$3.1501
—————$27.50—$2.92$3.8010
—————$30.00—$5.75$6.6501
—————$30.50—$6.20$7.1001

Forward $24.06. The 25-delta put carries +0.42 volatility points over the 25-delta call.

2026-10-02(10 days)ATM 28.59%±1.14skew +0.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
038$8.95$10.45—$15.00—————
10$7.00$8.35—$17.00—————
11$6.00$6.40—$18.00—————
—————$21.5037.84%$0.01$0.03142
04$2.04$3.30—$22.00—————
—————$22.5031.43%$0.04$0.07141194
—————$23.0030.20%$0.10$0.139832
02$0.74$1.00—$23.5029.41%$0.22$0.243931,201
5221$0.46$0.52—$24.0028.48%$0.39$0.44467222
983493$0.28$0.3029.48%$24.50—$0.59$0.7440394
1121,546$0.12$0.1728.99%$25.00—$0.89$1.1565112
92650$0.05$0.0828.76%$25.50—$1.22$1.591976
66935$0.03$0.0430.50%$26.00—$1.47$2.063310
1329$0.01$0.0535.07%$26.50—————

Forward $24.08. The 25-delta put carries +0.42 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 26.59%±1.38skew +2.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
022$9.00$9.20—$15.00—————
015$6.90$8.35—$17.00—————
021$6.00$6.20—$18.00—————
01$3.95$5.40—$20.00—————
01$2.50$3.90—$21.50—————
017$2.10$3.40—$22.00—————
—————$23.0028.83%$0.16$0.2113310
02$0.81$1.02—$23.5028.13%$0.27$0.3616227
2114$0.59$0.67—$24.0027.21%$0.47$0.5337171
5178$0.33$0.4125.58%$24.50—$0.72$0.831406
60563$0.20$0.2526.26%$25.00—$1.01$1.23252
18291$0.11$0.1827.89%$25.50—————
33431$0.06$0.1028.12%$26.00—————
790$0.03$0.0628.77%$26.50—————
2206$0.02$0.0632.28%$27.00—————

Forward $24.13. The 25-delta put carries +2.57 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 26.05%±1.61skew +0.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$9.55$13.15—$12.50—————
020$8.85$10.05—$15.00—————
01$6.50$7.55—$17.50—————
110$4.05$4.50—$20.00—————
—————$22.0029.57%$0.07$0.1212
0135$1.71$1.88—$22.5028.17%$0.13$0.177,36650
80$1.29$1.49—$23.0026.87%$0.22$0.25453
—————$23.5026.90%$0.36$0.4230136
1846$0.67$0.74—$24.0026.21%$0.55$0.6220399
3869$0.45$0.4925.87%$24.50—$0.80$0.8734124
38211,997$0.29$0.3226.02%$25.00—$1.15$1.223,29582
50124$0.17$0.2126.20%$25.50—$1.25$1.68282
45190$0.10$0.1326.47%$26.00—$1.71$2.0803
106118$0.06$0.0927.48%$26.50—————
181$0.03$0.0627.94%$27.00—————
20612,290$0.03$0.0429.88%$27.50—$2.98$3.552283
—————$28.00—$3.40$4.0511

Forward $24.12. The 25-delta put carries +0.67 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 25.96%±1.82skew -1.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
079$8.85$10.80—$15.00—————
030$6.90$8.35—$17.00—————
031$6.00$8.25—$18.00—————
042$4.95$6.20—$19.00—————
020$4.50$5.95—$19.50—————
024$4.05$5.45—$20.00—————
02$3.55$4.75—$20.50—————
—————$21.5028.90%$0.07$0.09261
02$2.17$3.30—$22.0028.45%$0.11$0.16351
—————$22.5027.06%$0.18$0.221757
—————$23.0025.97%$0.27$0.33734
—————$23.5025.44%$0.41$0.50736
1313$0.57$0.91—$24.0025.39%$0.61$0.741099
1444$0.54$0.6728.55%$24.50—$0.70$1.08923
273$0.36$0.4427.41%$25.00—$1.15$1.37108
11123$0.23$0.3027.19%$25.50—————
31879$0.15$0.2127.62%$26.00—————
—————$26.50—$1.82$2.9510
26105$0.06$0.1128.95%$27.00—————
—————$31.50—$6.00$9.1510
—————$33.00—$8.00$10.6510

Forward $24.07. The 25-delta put carries -1.22 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 27.59%±2.15skew +1.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$8.30$10.40—$15.00—————
01$6.85$8.25—$17.00—————
01$5.80$7.35—$18.00—————
01$4.05$4.75—$20.00—————
—————$21.0031.94%$0.07$0.11510
—————$21.5030.45%$0.10$0.15118
—————$22.0028.77%$0.14$0.20273
01$1.69$2.44—$22.5027.94%$0.22$0.28746
02$1.50$2.05—$23.0028.10%$0.32$0.45223
08$1.14$1.65—$23.5029.54%$0.50$0.70250
222$0.86$1.01—$24.0027.09%$0.69$0.801835
1412$0.64$0.8127.90%$24.50—$0.97$1.0965312
6613$0.45$0.5827.24%$25.00—$1.19$1.4391
15105$0.31$0.3726.23%$25.50—$1.33$1.9410
5554$0.20$0.2926.83%$26.00—$1.78$2.3020
157$0.06$0.1128.29%$27.50—————

Forward $24.19. The 25-delta put carries +1.87 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 28.32%±2.76skew +1.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$6.55$7.45—$17.5041.97%$0.01$0.0603
—————$20.0033.80%$0.09$0.122568
045$2.10$2.51—$22.5029.94%$0.42$0.49333107
294433$0.75$0.7928.17%$25.00—$1.47$1.5727159
75466$0.18$0.2328.65%$27.50—————
0284$0.02$0.0829.98%$30.00—————

Forward $24.25. The 25-delta put carries +1.29 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 28.17%±3.31skew +2.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$8.70$10.00—$15.00—————
070$6.45$7.40—$17.5037.82%$0.05$0.082,4807
1368$4.20$4.80—$20.0032.09%$0.18$0.227,13046
4730$2.15$2.50—$22.5029.73%$0.67$0.746,71199
1878,502$0.84$0.9527.80%$25.00—$1.71$1.974,8852
3007,730$0.25$0.3127.35%$27.50—$3.50$3.952,19528
2005,559$0.08$0.1028.64%$30.00—$5.25$6.353940
6816$0.02$0.0430.09%$32.50—$7.60$8.802020
81,201$0.02$0.0436.09%$35.00—$10.25$11.452010
—————$37.50—$12.60$13.70560
—————$50.00—$25.10$26.1510

Forward $24.05. The 25-delta put carries +2.38 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.