Options Skew Analytics

KMB option chain

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

Data as of 22 September 2026 (end of day)

2026-10-02(10 days)ATM 23.17%±3.79skew +1.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$27.60$31.00—$70.00—————
01$22.60$26.00—$75.00—————
012$4.10$5.30—$95.0026.29%$0.30$0.503449
—————$96.0024.98%$0.45$0.652410
—————$97.0024.43%$0.70$0.90829
518$1.90$2.15—$98.0022.97%$0.95$1.207811
230$1.40$1.5523.17%$99.00—$1.45$1.65136
1269$0.95$1.1523.28%$100.00—$1.75$2.20182
929$0.65$0.8023.44%$101.00—$2.00$3.1030
630$0.40$0.5523.40%$102.00—$2.90$3.80710
317$0.30$0.5025.85%$103.00—$3.30$4.90260
2411$0.20$0.3025.58%$104.00—$4.40$5.50110
1440$0.10$0.1524.30%$105.00—$5.00$6.60370
—————$106.00—$5.80$7.50190
—————$107.00—$6.20$9.6040
—————$109.00—$9.10$10.40101
—————$110.00—$10.80$11.404111

Forward $98.92. The 25-delta put carries +1.58 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 23.90%±5.11skew -0.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$18.30$21.10—$80.00—————
—————$94.0026.18%$0.40$0.65540
04$4.50$5.80—$95.0025.60%$0.55$0.852861
—————$96.0023.62%$0.75$0.902940
—————$97.0024.71%$1.05$1.401610
01$2.35$3.20—$98.0024.47%$1.40$1.801672
20$1.85$2.25—$99.0023.95%$1.85$2.2080
78$1.40$1.7523.68%$100.00—$2.10$2.85260
05$1.00$1.3523.37%$101.00—————
212$0.75$1.0523.76%$102.00—$2.55$4.10160
18$0.55$0.8024.03%$103.00—————
07$0.40$0.6524.73%$104.00—$4.00$6.303010
1068$0.25$0.4023.67%$105.00—$4.90$7.203110
—————$107.00—$6.20$9.5020
—————$108.00—$7.40$9.9040

Forward $99.03. The 25-delta put carries -0.41 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 22.90%±5.81skew +1.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$22.20$26.10—$75.00—————
03$13.10$15.70—$85.00—————
01$8.90$10.40—$90.0025.60%$0.15$0.2553413
—————$92.0025.38%$0.35$0.4522
—————$93.0025.71%$0.45$0.7010
—————$94.0024.28%$0.60$0.751031
034$4.50$5.40—$95.0023.83%$0.80$0.951,872398
—————$96.0023.42%$1.05$1.2010013
02$3.10$5.10—$97.0023.22%$1.35$1.551010
—————$98.0022.89%$1.70$1.9505
6585$2.20$2.45—$99.0022.89%$2.15$2.4504
1181,562$1.75$2.0022.94%$100.00—$2.45$2.951,70292
116$1.40$1.6023.08%$101.00—————
925$1.05$1.2522.83%$102.00—————
512$0.80$0.9522.74%$103.00—————
3922$0.60$0.7522.95%$104.00—————
781,103$0.45$0.6023.30%$105.00—$6.00$6.601,13054
534$0.35$0.5023.98%$106.00—————
—————$110.00—$9.80$11.801565

Forward $99.03. The 25-delta put carries +1.10 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 24.00%±6.93skew +1.30
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$93.0026.27%$0.65$1.001104
—————$94.0025.61%$0.80$1.2080
—————$95.0024.85%$1.00$1.4047312
—————$96.0024.72%$1.25$1.754756
015$3.50$5.20—$97.0024.11%$1.60$2.00355
06$3.10$4.80—$98.0023.95%$1.95$2.45400
06$2.55$3.10—$99.0023.95%$2.40$2.951000
114$2.15$2.6024.08%$100.00—$2.95$3.501210
22$1.65$2.1523.49%$101.00—————
01$1.30$1.8023.51%$102.00—————
019$1.10$1.5024.01%$103.00—————
97$0.80$1.2023.56%$104.00—————
045$0.65$1.0023.99%$105.00—$5.10$7.00717
—————$106.00—$6.00$8.30110
1112$0.40$0.5523.57%$107.00—————
36$0.30$0.5024.24%$108.00—————
—————$109.00—$9.00$10.8002
—————$110.00—$10.80$11.6004

Forward $99.15. The 25-delta put carries +1.30 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 25.14%±10.06skew +1.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$85.0029.67%$0.40$0.5517085
012$9.70$12.10—$90.0027.46%$0.95$1.109321
118$5.90$7.20—$95.0025.60%$2.05$2.20237
169$3.60$3.9025.14%$100.00—$4.10$4.4032118
8263$1.70$1.9524.41%$105.00—$6.80$7.70914
6883$0.75$0.9524.78%$110.00—$10.80$11.9002
248$0.35$0.4525.68%$115.00—————

Forward $99.50. The 25-delta put carries +1.19 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 25.23%±12.21skew +2.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$47.30$51.50—$50.00—————
02$27.70$31.70—$70.00—————
06$18.90$22.00—$80.00—————
016$14.60$16.90—$85.0028.63%$0.75$1.004690
031$10.30$12.60—$90.0026.85%$1.50$1.8096516
167$7.00$7.90—$95.0025.98%$2.90$3.302,77734
3896$4.20$4.6025.21%$100.00—$5.10$5.509120
621,447$2.25$2.5524.23%$105.00—$6.80$9.603591
522,692$1.10$1.3523.93%$110.00—$10.90$12.803017
4111,445$0.55$0.7524.54%$115.00—$16.00$17.1021875
—————$120.00—$19.80$22.20150
—————$125.00—$24.70$27.00970

Forward $99.09. The 25-delta put carries +2.92 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 24.39%±13.57skew +2.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$37.70$41.60—$60.00—————
01$27.80$31.80—$70.00—————
01$23.80$26.50—$75.00—————
0113$19.00$21.70—$80.00—————
058$14.90$15.60—$85.0028.73%$1.05$1.605310
047$10.70$12.90—$90.0025.90%$1.90$2.201,10331
169$7.60$8.30—$95.0024.94%$3.30$3.804275
6996$4.80$5.1024.40%$100.00—$5.60$6.001,4670
212,734$2.80$3.1023.75%$105.00—$7.90$9.303160
991,238$1.55$1.7023.25%$110.00—$11.90$13.103021
13664$0.80$1.2524.43%$115.00—$16.40$17.502211
375,567$0.40$0.5523.59%$120.00—$20.20$22.103990
—————$125.00—$24.70$27.401180
27597$0.15$0.2525.97%$130.00—$29.60$31.90500

Forward $99.14. The 25-delta put carries +2.65 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 25.22%±17.46skew +2.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$37.70$41.60—$60.00—————
010$29.10$31.40—$70.00—————
04$24.00$26.70—$75.0031.73%$0.70$1.15700
020$19.70$22.60—$80.0029.64%$1.15$1.651600
016$15.30$18.40—$85.0028.36%$2.00$2.451800
030$11.70$14.10—$90.0026.21%$3.00$3.402395
023$8.80$9.80—$95.0025.64%$4.60$5.302370
0435$6.20$6.7025.30%$100.00—$6.90$7.702811
11154$4.10$4.6024.60%$105.00—$9.00$10.60940
4364$2.70$3.1024.47%$110.00—$12.80$14.70580
5139$1.55$2.0023.86%$115.00—$16.30$18.50150
5323$1.00$1.2523.95%$120.00—$20.20$22.90160
15195$0.60$0.9024.48%$125.00—$25.10$27.40870
—————$135.00—$34.20$38.1010

Forward $99.13. The 25-delta put carries +2.36 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.