Options Skew Analytics

KO 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 21.09%±0.98skew +0.80
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
169$23.15$24.25—$65.00—————
1614$18.15$19.10—$70.00—————
162$13.05$14.10—$75.00—————
164$12.05$13.20—$76.00—————
245$11.05$12.25—$77.00—————
245$10.15$11.30—$78.00—————
165$9.15$10.55—$79.00—————
2012$8.15$8.80—$80.00—————
207$7.15$7.80—$81.00—————
189$6.20$7.10—$82.00—————
1816$5.15$5.85—$83.00—————
83$4.15$4.55—$84.00—————
747$3.20$3.60—$85.0037.65%$0.01$0.021,114117
746$2.21$2.57—$86.0031.82%$0.01$0.052,630445
2411,070$1.26$1.58—$87.0023.52%$0.04$0.061,541527
4,2423,675$0.52$0.73—$88.0021.54%$0.21$0.25951771
2,08110,419$0.13$0.1820.74%$89.00—$0.69$0.921,5831,045
2,2002,782$0.03$0.0423.50%$90.00—$1.57$1.76568393
8357,296$0.01$0.0229.15%$91.00—$2.21$2.91218
—————$92.00—$2.71$3.8512
—————$93.00—$3.70$5.2010

Forward $88.40. The 25-delta put carries +0.80 volatility points over the 25-delta call.

2026-10-02(8 days)ATM 18.45%±2.41skew +0.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$43.20$43.90—$45.00—————
02$18.10$20.45—$70.00—————
01$13.20$15.45—$75.00—————
014$8.25$8.95—$80.00—————
027$7.25$8.15—$81.0028.56%$0.01$0.041350
12$6.30$7.15—$82.0027.66%$0.02$0.077273
08$5.30$6.05—$83.0022.29%$0.01$0.05912
23$4.30$5.30—$84.0020.56%$0.02$0.08480103
331$3.45$3.65—$85.00—————
65243$2.50$2.75—$86.0019.62%$0.21$0.251,389434
119213$1.74$1.92—$87.0018.91%$0.40$0.46751169
1,965829$1.14$1.23—$88.0018.51%$0.74$0.80747279
4091,429$0.67$0.7318.42%$89.00—$1.25$1.30972254
1,1161,910$0.35$0.4118.50%$90.00—$1.86$2.052502,411
247679$0.18$0.2118.82%$91.00—$2.48$2.985525
37825$0.09$0.1520.41%$92.00—$3.35$3.95223
69383$0.04$0.0820.89%$93.00—————
14347$0.02$0.0421.49%$94.00—————
16391$0.01$0.0323.06%$95.00—————

Forward $88.42. The 25-delta put carries +0.42 volatility points over the 25-delta call.

2026-10-09(15 days)ATM 19.05%±3.42skew +1.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$18.25$20.55—$70.00—————
02$12.30$13.70—$76.00—————
03$8.25$9.10—$80.00—————
131$7.25$8.05—$81.00—————
07$6.35$7.30—$82.00—————
052$4.45$5.85—$84.0021.01%$0.16$0.2359813
2513$3.50$4.25—$85.0020.58%$0.28$0.3625112
2336$2.71$3.10—$86.0019.84%$0.45$0.53238116
4101$2.11$2.33—$87.0019.43%$0.72$0.791,42580
18583$1.56$1.70—$88.0019.16%$1.08$1.1861555
21483$1.06$1.1918.98%$89.00—$1.58$1.688310
131984$0.69$0.7918.86%$90.00—$2.08$2.30526
133415$0.43$0.5018.84%$91.00—$2.48$3.05372
13733$0.26$0.3219.11%$92.00—$3.25$4.0074
424$0.02$0.0421.99%$97.00—————

Forward $88.50. The 25-delta put carries +1.01 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 18.67%±4.06skew +1.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
074$8.45$9.10—$80.0023.96%$0.08$0.093,75319
—————$81.0022.70%$0.10$0.12150
01$6.40$7.65—$82.0022.15%$0.15$0.188649
01,127$6.05$6.65—$82.5021.98%$0.19$0.222,79829
—————$83.0021.61%$0.23$0.26847
10$4.70$5.70—$84.0020.61%$0.30$0.3717552
162,323$3.90$4.40—$85.0020.04%$0.47$0.505,594326
011$3.10$3.40—$86.0019.67%$0.69$0.7222943
8150$2.46$2.74—$87.0019.20%$0.97$1.0127938
897,521$2.18$2.26—$87.5019.05%$1.15$1.192,356250
561,204$1.87$1.94—$88.0018.86%$1.34$1.4059854
396717$1.37$1.4218.59%$89.00—$1.82$1.884929
3927,831$0.97$1.0118.50%$90.00—$2.14$2.601,66224
471,078$0.65$0.7018.39%$91.00—$2.40$3.30150
225596$0.43$0.4718.41%$92.00—————
2116,558$0.35$0.3818.47%$92.50—$3.95$4.553,3250
34198$0.28$0.3218.64%$93.00—————
1011$0.18$0.2419.23%$94.00—————
777,376$0.12$0.1719.75%$95.00—$6.15$6.951880
—————$96.00—$6.45$8.0510
47$0.05$0.1021.08%$97.00—————

Forward $88.54. The 25-delta put carries +1.29 volatility points over the 25-delta call.

2026-10-23(29 days)ATM 19.41%±4.85skew +1.85
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
31$42.40$45.50—$45.00—————
01$5.70$7.40—$83.0020.67%$0.27$0.38300
05$4.85$6.55—$84.0020.59%$0.44$0.52947
1212$4.10$4.65—$85.0020.34%$0.63$0.7221115
0247$3.30$3.90—$86.0019.99%$0.87$0.976028
1374$2.66$3.20—$87.0019.74%$1.19$1.296120
3595$2.14$2.39—$88.0019.55%$1.59$1.6978108
138225$1.68$1.8119.36%$89.00—$2.07$2.174023
103169$1.24$1.3619.06%$90.00—$2.64$2.73183
92,496$0.90$1.0018.92%$91.00—————
11131$0.53$0.7718.48%$92.00—$3.70$4.400101
—————$93.00—$4.40$5.2501
24573$0.32$0.5320.55%$94.00—$4.70$6.05300
1168$0.21$0.2919.57%$95.00—————
—————$102.00—$12.30$14.5001

Forward $88.62. The 25-delta put carries +1.85 volatility points over the 25-delta call.

2026-10-30(36 days)ATM 21.71%±6.05skew +1.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$10.55$11.60—$78.00—————
11$9.65$10.75—$79.00—————
02$8.70$9.80—$80.00—————
—————$81.0023.78%$0.28$0.39186
12$6.95$8.20—$82.0023.38%$0.38$0.51460
—————$83.0023.48%$0.53$0.71298104
—————$84.0023.07%$0.67$0.9317622
025$4.55$4.90—$85.0022.14%$0.88$1.07203129
04$3.85$4.20—$86.0021.87%$1.15$1.364013
04$3.20$3.55—$87.0022.45%$1.47$1.892417
5698$2.64$2.97—$88.0021.70%$1.92$2.14338
43142$2.14$2.4521.72%$89.00—$2.36$2.69463
1751$1.70$1.9221.28%$90.00—$2.92$3.2533
2121$1.24$1.6121.15%$91.00—————
5433$0.93$1.1320.29%$92.00—————
1183$0.69$0.8620.21%$93.00—————
431$0.58$0.8321.84%$94.00—————
014$0.32$0.5222.20%$96.00—————

Forward $88.77. The 25-delta put carries +1.92 volatility points over the 25-delta call.

2026-11-20(57 days)ATM 21.16%±7.43skew +1.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
112$23.50$25.85—$65.00—————
0251$20.85$23.35—$67.50—————
0137$18.35$19.45—$70.00—————
0158$16.20$17.50—$72.50—————
0165$13.75$14.45—$75.00—————
1639$11.45$12.90—$77.5024.56%$0.24$0.332,26834
01,071$9.15$9.95—$80.0023.81%$0.51$0.532,429132
02,147$7.05$7.80—$82.5022.83%$0.86$0.902,889182
304,176$5.15$5.75—$85.0022.12%$1.43$1.503,607132
1732,510$3.65$3.85—$87.5021.57%$2.29$2.392,951116
1958,493$2.37$2.4720.99%$90.00—$3.45$3.601,234550
963,047$1.45$1.5020.60%$92.50—$4.70$5.354730
1963,578$0.83$0.8820.49%$95.00—$6.70$7.251000
7602,504$0.47$0.5520.98%$97.50—$8.25$9.60100
62,590$0.27$0.3321.49%$100.00—————
1598$0.03$0.0524.02%$110.00—————

Forward $88.89. The 25-delta put carries +1.63 volatility points over the 25-delta call.

2026-12-18(85 days)ATM 20.80%±8.90skew +2.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$35.10$38.25—$52.5044.56%$0.01$0.061,1500
050$30.45$33.10—$57.5039.68%$0.03$0.085070
0161$28.50$30.60—$60.0035.23%$0.03$0.061,40134
1480$25.90$27.75—$62.50—————
03,639$23.50$25.25—$65.0030.86%$0.06$0.091,5036
0666$20.55$23.40—$67.50—————
01,162$18.75$19.85—$70.00—————
0685$16.30$17.15—$72.50—————
02,287$13.95$14.65—$75.0024.83%$0.32$0.392,8813
1785$11.65$12.50—$77.5023.90%$0.47$0.664,42711
34,092$9.45$10.25—$80.0022.90%$0.84$0.901,642123
11,798$7.50$7.75—$82.5022.20%$1.31$1.392,145261
31,833$5.65$5.85—$85.0021.63%$2.00$2.091,962169
62,498$4.10$4.25—$87.5021.17%$2.94$3.051,575158
1188,143$2.84$2.9720.64%$90.00—$4.15$4.301,4261,186
408,656$1.92$1.9720.35%$92.50—$5.40$5.9014146
364,568$1.20$1.2920.13%$95.00—$6.70$7.75510
411,692$0.75$0.8220.16%$97.50—$8.70$9.8520
611,780$0.46$0.5120.28%$100.00—$10.90$12.051470
—————$105.00—$14.60$17.9040
5612$0.07$0.1222.53%$110.00—$20.50$22.80260

Forward $88.69. The 25-delta put carries +2.07 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.