Options Skew Analytics

KSS option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 68.24%±1.77skew +10.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1122$5.65$6.20—$19.00123.64%$0.01$0.0313101
91$4.95$5.75—$19.50—————
617$4.70$5.20—$20.00—————
119$4.00$4.70—$20.5092.64%$0.01$0.03153
242$3.55$4.20—$21.00—————
07$2.28$3.80—$21.5080.40%$0.01$0.066710
0441$2.56$3.25—$22.00—————
554$2.02$2.84—$22.50—————
9504$1.77$2.39—$23.0078.11%$0.14$0.2324592
15394$1.20$1.99—$23.5075.31%$0.21$0.3432627
26220$1.12$1.26—$24.0070.88%$0.32$0.4514421
53283$0.81$0.95—$24.5067.85%$0.48$0.62745
1,048202$0.55$0.7068.43%$25.00—$0.73$0.882,19023
4922$0.36$0.5269.53%$25.50—$1.06$1.1820
99232$0.23$0.2865.10%$26.00—$1.36$1.545645
40845$0.15$0.2369.90%$26.50—————
—————$27.00—$1.93$2.7411
5642$0.06$0.0971.14%$27.50—————
440$0.03$0.0773.22%$28.00—$2.85$4.20010
—————$28.50—$3.30$4.75010
—————$30.50—$5.40$6.6008

Forward $24.82. The 25-delta put carries +10.21 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 62.87%±2.71skew +1.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0698$6.10$7.25—$18.00—————
21$5.20$6.75—$18.50—————
0619$5.75$6.20—$19.00—————
01$4.20$5.75—$19.50—————
3368$3.95$5.30—$20.00—————
8236$3.70$4.05—$21.00—————
012$2.41$3.85—$21.50—————
0547$2.36$3.15—$22.0069.99%$0.20$0.271446
2991$1.70$2.35—$23.00—————
3356$1.78$1.96—$23.5065.51%$0.49$0.6116710
1711,256$1.46$1.63—$24.0063.14%$0.64$0.75486542
1048$1.17$1.34—$24.5063.94%$0.85$1.003962
13656$0.92$1.1062.87%$25.00—$1.09$1.2336510
4—$0.72$0.8963.16%$25.50—$1.39$1.54—0
21184$0.56$0.7364.15%$26.00—$1.74$1.873642
6—$0.43$0.6065.21%$26.50—$2.12$2.22—0
9607$0.32$0.4564.46%$27.00—$2.22$2.703652
—————$27.50—$2.62$4.00—0
31977$0.19$0.2564.86%$28.00—$3.05$3.7001
—————$28.50—$3.50$4.95—0
—————$30.00—$4.75$6.3070

Forward $24.85. The 25-delta put carries +1.04 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 83.97%±4.66skew +0.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$4.05$6.15—$19.50—————
032$5.00$5.60—$20.00—————
0—$3.40$5.15—$20.50—————
016$3.75$4.75—$21.00—————
—————$21.5092.39%$0.56$0.71—0
151$3.50$3.90—$22.00—————
—————$22.5088.25%$0.70$1.02—0
030$2.86$3.05—$23.0093.69%$0.96$1.3272
1—$2.27$3.05—$23.5087.25%$1.01$1.41—0
354$2.14$2.44—$24.0087.68%$1.27$1.6002
1—$1.96$2.18—$24.5085.27%$1.43$1.81—0
4130$1.79$2.08—$25.0087.43%$1.76$2.09650
3—$1.53$1.7483.84%$25.50—$1.97$2.38—0
1176$1.32$1.5483.63%$26.00—————
0—$1.06$1.3982.50%$26.50—$2.70$3.05—0
1253$0.96$1.2283.75%$27.00—$3.00$3.3596
0—$0.79$1.1284.23%$27.50—$3.30$3.75—0
03$0.75$1.0588.00%$28.00—————
31$0.61$0.7883.29%$28.50—————
1—$0.56$0.7787.25%$29.00—$4.45$6.50—0
0—$0.32$0.4890.03%$31.00—$6.00$7.90—0

Forward $25.01. The 25-delta put carries +0.99 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 76.30%±4.99skew +0.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
20$8.15$9.45—$16.00—————
12$4.90$5.70—$20.00—————
03$3.40$5.30—$20.50—————
01$3.20$4.90—$21.00—————
02$2.75$4.55—$21.5082.79%$0.58$0.8572
—————$22.0083.41%$0.74$1.01310
—————$22.5081.49%$0.81$1.19111
050$3.00$3.25—$23.0085.25%$1.04$1.50350
1300$2.59$3.15—$23.5083.11%$1.32$1.53340
05$2.38$2.66—$24.0084.57%$1.47$1.90500
1322$2.07$2.40—$24.5079.73%$1.60$2.01180
070$1.95$2.30—$25.0081.48%$1.92$2.30310
010$1.59$1.9576.27%$25.50—————
06$1.51$1.9081.52%$26.00—————
5934$1.16$1.4379.23%$27.00—————
14115$0.83$1.1979.32%$28.00—$3.95$4.25012
169$0.69$0.9581.24%$29.00—————
101$0.54$0.7882.69%$30.00—————

Forward $25.02. The 25-delta put carries +0.72 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 73.97%±6.01skew +2.49
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
047$10.65$13.00—$13.00—————
026$9.70$11.55—$14.00—————
0426$9.35$10.30—$15.00—————
02,557$7.75$9.30—$16.00—————
4465$7.85$8.25—$17.0080.75%$0.16$0.209253
15625$6.90$7.50—$18.00—————
82,892$6.10$6.60—$19.0078.85%$0.40$0.452243
403,781$5.35$5.80—$20.0077.99%$0.49$0.7473031
0584$3.65$5.05—$21.0075.49%$0.70$0.942088
01,612$3.85$4.15—$22.0076.27%$1.08$1.241617
13368$3.30$3.70—$23.0074.23%$1.37$1.6113566
69394$2.72$2.94—$24.0075.40%$1.84$2.1213861
841,448$2.27$2.4675.31%$25.00—$2.36$2.641287
17149$1.72$2.0673.27%$26.00—$2.80$3.3095
4159$1.38$1.7073.22%$27.00—$3.55$3.8521
2572$1.24$1.4275.98%$28.00—————
11330$0.96$1.1975.79%$29.00—$5.00$5.45150
14670$0.66$0.9773.77%$30.00—$5.75$6.15300
3354$0.62$0.8276.74%$31.00—————
0166$0.49$0.6877.08%$32.00—————
—————$35.00—$10.10$11.5070

Forward $24.86. The 25-delta put carries +2.49 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 68.33%±7.27skew -0.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02,185$14.70$15.10—$10.00—————
031$12.55$15.00—$11.00—————
1807$11.05$12.80—$12.5077.38%$0.03$0.052,8310
0183$9.60$11.30—$14.00—————
0933$9.60$10.45—$15.00—————
0249$7.65$9.45—$16.00—————
171,022$7.60$8.10—$17.5070.95%$0.30$0.472630
0191$5.25$6.85—$19.0069.13%$0.56$0.702570
61,014$5.60$6.10—$20.0066.49%$0.65$0.963542
0657$4.40$5.35—$21.0067.74%$0.98$1.30900
71,178$3.95$4.20—$22.5064.76%$1.44$1.7433828
—————$24.0065.28%$2.11$2.4809
2103,129$2.67$2.9468.35%$25.00—$2.71$3.2013110
640$2.23$2.5768.33%$26.00—————
49999$1.79$2.0168.68%$27.50—$4.20$4.55230
01$1.28$1.6568.23%$29.00—————
3281,566$1.11$1.3968.64%$30.00—$6.10$6.40160
70$0.89$1.2268.72%$31.00—————
4195$0.70$0.9469.01%$32.50—————
0612$0.43$0.6168.84%$35.00—$10.30$10.90111
7701$0.19$0.3171.76%$40.00—$14.90$15.55210

Forward $24.85. The 25-delta put carries -0.99 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 65.84%±9.87skew -0.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
13$18.25$21.00—$5.00—————
0112$15.25$18.00—$8.00—————
187$13.30$16.00—$10.0075.07%$0.03$0.0763417
018$10.70$12.65—$13.00—————
50420$9.80$10.70—$15.0070.90%$0.39$0.4781012
078$7.80$9.05—$17.0071.63%$0.70$0.9816074
44362$6.45$6.65—$20.0069.49%$1.60$1.7112314
3130$5.25$5.55—$22.0068.53%$2.37$2.4611144
0571$3.75$4.20—$25.0066.98%$3.75$3.959215
0276$2.89$3.4065.88%$27.00—$4.90$5.40880
158368$2.02$2.4265.39%$30.00—$6.95$7.5010
15167$1.68$1.9966.73%$32.00—————
36101$1.17$1.5367.65%$35.00—————
221,378$0.99$1.3569.68%$37.00—————

Forward $25.13. The 25-delta put carries -0.19 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.