Options Skew Analytics

KO option chain

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

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 22.24%±2.95skew +1.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
61$14.10$15.50—$81.00—————
42$13.10$14.55—$82.00—————
01$12.15$13.70—$83.00—————
03$11.25$12.85—$84.00—————
016$8.90$10.80—$86.00—————
1235$8.50$9.45—$87.0036.22%$0.02$0.0718519
1952$7.60$8.50—$88.00—————
461$6.50$7.65—$89.0030.52%$0.03$0.09259228
21135$5.50$6.30—$90.0028.31%$0.05$0.11421104
1121$4.65$5.60—$91.0026.13%$0.10$0.1298334
120917$3.70$4.35—$92.0024.76%$0.16$0.197061,381
64272$2.94$3.35—$93.0024.18%$0.27$0.341,468480
102364$2.34$2.49—$94.0023.17%$0.46$0.52563824
1,100996$1.64$1.81—$95.0022.62%$0.74$0.84540694
1,147922$1.08$1.1922.22%$96.00—$1.14$1.301,068959
6,853766$0.63$0.7521.63%$97.00—$1.71$1.8724620
6,463212$0.36$0.4421.58%$98.00—$2.41$2.5983
167144$0.18$0.2421.38%$99.00—$3.10$3.75614
192930$0.09$0.1522.14%$100.00—$4.00$5.2012
184582$0.03$0.0721.57%$101.00—————
961,292$0.02$0.0322.10%$102.00—————

Forward $95.91. The 25-delta put carries +1.59 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 21.03%±3.95skew +1.85
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
123,979$10.70$11.50—$85.0028.26%$0.01$0.045,88547
03$7.95$9.80—$87.00—————
13,188$7.95$9.05—$87.5026.04%$0.05$0.083,6674
019$7.00$8.75—$88.0024.70%$0.04$0.095847
05$6.70$7.65—$89.0023.47%$0.06$0.121,556259
5030,660$6.00$6.50—$90.0023.90%$0.16$0.184,930495
1532$4.90$5.90—$91.0023.23%$0.24$0.2782322
48929$4.15$4.65—$92.0022.95%$0.36$0.4370774
415,631$3.80$4.20—$92.5022.31%$0.43$0.491,394184
144746$3.50$3.70—$93.0022.28%$0.51$0.63760231
1211,297$2.74$3.05—$94.0022.08%$0.77$0.9180766
2919,895$2.10$2.21—$95.0020.98%$1.09$1.17629209
1661,972$1.49$1.6221.04%$96.00—$1.53$1.66419228
5411,142$1.04$1.1320.58%$97.00—$2.03$2.3528536
1,0668,234$0.82$0.9420.24%$97.50—$2.36$2.66381
47516,444$0.69$0.8220.72%$98.00—$2.71$3.05230
146405$0.45$0.5220.43%$99.00—$3.20$3.8050
1504,745$0.28$0.3420.49%$100.00—$3.95$4.70310
15132$0.17$0.2721.37%$101.00—$4.75$5.85180
999$0.11$0.1621.44%$102.00—$5.55$7.25150
81,282$0.03$0.0920.36%$103.00—————

Forward $95.96. The 25-delta put carries +1.85 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 20.72%±4.77skew +0.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$16.95$20.05—$78.00—————
01$11.00$13.25—$84.00—————
321$10.00$11.90—$85.00—————
01$9.05$11.05—$86.00—————
14$8.70$9.80—$87.00—————
1113$7.15$8.90—$88.00—————
183$6.85$7.75—$89.00—————
371$5.60$6.50—$90.0022.34%$0.25$0.3046994
3310$5.05$6.00—$91.0021.95%$0.35$0.4415549
12203$4.25$5.10—$92.0021.52%$0.51$0.609910
132223$3.75$3.95—$93.0021.21%$0.71$0.8416372
81119$3.00$3.25—$94.0020.61%$0.97$1.1033311
34322$2.36$2.59—$95.0020.52%$1.32$1.5021796
49109$1.79$2.01—$96.0020.68%$1.77$2.0122630
44914$1.32$1.6821.21%$97.00—$2.31$2.58482
18745$0.96$1.1720.46%$98.00—$2.92$3.2050
6257$0.67$0.8720.42%$99.00—$3.60$3.9032
194431$0.47$0.6420.58%$100.00—$4.10$4.8550
5124$0.32$0.4820.86%$101.00—————
—————$104.00—$7.50$9.2510
—————$105.00—$8.50$10.05250

Forward $96.01. The 25-delta put carries +0.79 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 21.44%±5.68skew +0.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$16.90$20.05—$78.00—————
40$10.60$12.55—$85.0025.32%$0.09$0.15293
03$9.05$11.75—$86.00—————
04$8.05$10.15—$87.00—————
01$7.15$9.85—$88.00—————
01$6.20$8.90—$89.0023.22%$0.30$0.48116269
0135$5.35$7.55—$90.0022.16%$0.41$0.5538211
05$4.45$6.70—$91.0022.07%$0.58$0.75821
343$3.80$5.10—$92.0021.79%$0.81$0.96443104
4117$3.85$4.10—$93.0021.48%$1.06$1.254730
140$3.10$3.50—$94.0021.16%$1.37$1.6010022
1169$2.51$2.72—$95.0021.13%$1.79$2.038233
29160$1.96$2.2321.47%$96.00—$2.29$2.604614
72,107$1.49$1.7721.11%$97.00—$2.82$3.20333
17165$1.10$1.3820.80%$98.00—$3.45$3.8040
1017$0.82$1.0220.51%$99.00—$4.05$4.5032
120185$0.60$0.9021.31%$100.00—$4.60$6.10522
5204$0.43$0.5720.49%$101.00—$5.35$7.05160
1021$0.30$0.4821.02%$102.00—$6.25$7.2041
—————$105.00—$8.95$10.6520

Forward $95.65. The 25-delta put carries +0.48 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 21.36%±6.33skew +1.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$7.30$9.45—$88.00—————
—————$89.0022.77%$0.42$0.6095
07$5.45$7.75—$90.00—————
—————$91.0021.77%$0.72$0.93151
02$3.75$5.55—$92.0021.79%$1.01$1.1744621
06$4.05$4.40—$93.0021.29%$1.23$1.484240
10820$3.35$3.70—$94.0021.44%$1.64$1.85258
1354$2.72$3.05—$95.0021.09%$1.97$2.31253
2047$2.16$2.5921.37%$96.00—$2.46$2.882411
252$1.71$1.9620.46%$97.00—$3.00$3.351783
2989$1.32$1.7321.02%$98.00—————
533$1.00$1.3520.69%$99.00—————
11394$0.79$0.9520.22%$100.00—————
5472$0.59$0.8120.67%$101.00—————
17814$0.45$0.6320.81%$102.00—————
—————$110.00—$13.65$15.60—0

Forward $95.70. The 25-delta put carries +1.57 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 20.59%±6.69skew +2.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
050$37.45$39.35—$57.50—————
0160$34.95$36.85—$60.00—————
0479$32.60$34.50—$62.50—————
03,636$30.00$31.75—$65.00—————
3576$27.50$29.25—$67.5045.46%$0.02$0.084,0061
11,127$25.00$26.75—$70.0036.80%$0.01$0.038,1990
0630$23.15$24.15—$72.50—————
42,246$20.00$21.65—$75.00—————
2752$18.20$19.05—$77.50—————
34,024$15.75$16.80—$80.0026.95%$0.05$0.102,763147
161,778$13.25$14.35—$82.5025.71%$0.13$0.153,4214
111,748$10.80$11.85—$85.0024.22%$0.22$0.275,450152
5152,140$8.55$8.95—$87.5023.28%$0.43$0.493,425197
288,868$6.25$6.95—$90.0022.18%$0.77$0.854,024327
3110,513$4.45$5.00—$92.5021.10%$1.29$1.462,023180
26610,214$2.86$3.20—$95.0020.73%$2.20$2.45879188
2093,554$1.78$1.9320.38%$97.50—$3.45$3.8568717
4603,747$0.98$1.1220.17%$100.00—$5.00$5.851640
422,650$0.26$0.3520.69%$105.00—$9.00$10.751220
—————$110.00—$13.75$15.50190
—————$125.00—$28.65$30.4020

Forward $95.71. The 25-delta put carries +2.01 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 20.66%±8.69skew +1.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$39.95$41.70—$55.00—————
095$37.40$39.30—$57.5046.84%$0.01$0.052,4830
02,239$34.95$36.75—$60.00—————
010,453$32.50$34.10—$62.50—————
1819$30.00$31.75—$65.00—————
0783$27.50$28.80—$67.50—————
03,465$25.00$26.70—$70.00—————
1756$22.55$24.30—$72.50—————
86,723$20.35$21.60—$75.00—————
02,296$17.85$18.90—$77.50—————
235,756$15.90$16.45—$80.00—————
03,923$13.50$14.35—$82.5023.99%$0.27$0.344,95826
96,329$11.10$11.95—$85.0023.38%$0.50$0.545,62138
12,598$8.85$9.80—$87.5022.41%$0.78$0.8511,256312
196,040$7.05$7.55—$90.0021.81%$1.24$1.353,109119
17,232$5.30$5.85—$92.5021.28%$1.93$2.05947103
1525,183$3.95$4.05—$95.0020.82%$2.79$3.10772503
1522,845$2.66$2.9020.55%$97.50—$4.15$4.40384300
3738,047$1.76$1.8920.19%$100.00—$5.45$6.501162
5094,461$0.66$0.7419.95%$105.00—$9.25$10.9050
272,928$0.25$0.2920.63%$110.00—$13.90$15.45620

Forward $96.06. The 25-delta put carries +1.86 volatility points over the 25-delta call.

2027-02-19(105 days)ATM 21.85%±11.30skew +1.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$39.90$41.70—$55.00—————
027$35.00$36.80—$60.00—————
03$30.05$31.80—$65.00—————
5158$25.25$26.85—$70.0029.63%$0.09$0.1260117
0186$22.80$24.40—$72.5028.25%$0.12$0.177700
020$20.35$22.00—$75.0027.02%$0.18$0.236631
0325$18.00$19.70—$77.5025.73%$0.25$0.322,108112
02,263$15.65$17.35—$80.0025.02%$0.39$0.485,1605
1283$14.10$15.00—$82.50—————
0364$11.25$12.85—$85.0023.89%$0.95$1.021,68058
79,020$9.90$10.55—$87.5023.26%$1.38$1.452,926143
331,113$8.10$8.75—$90.0022.84%$1.97$2.07758444
3685$6.30$7.00—$92.5022.32%$2.75$2.821,20592
75,226$4.85$5.45—$95.0022.07%$3.70$3.9073651
232,115$3.90$4.0021.80%$97.50—$4.85$5.20321399
1911,681$2.83$2.9721.44%$100.00—$6.35$6.75101
5014,432$1.45$1.5021.17%$105.00—$9.80$10.6503
4696$0.65$0.7721.25%$110.00—————
69138$0.30$0.3521.45%$115.00—————
5374$0.15$0.1922.35%$120.00—$23.65$25.4505

Forward $96.41. The 25-delta put carries +1.67 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.