Options Skew Analytics

KSS option chain

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

Data as of 25 September 2026 (end of day)

2026-10-16(21 days)ATM 55.87%±2.38skew -0.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$11.85$14.50—$5.00—————
01$9.80$12.55—$7.00—————
04$6.85$9.55—$10.00—————
01$5.70$8.05—$11.00—————
—————$13.0065.35%$0.01$0.0320810
033$3.60$3.95—$14.0057.18%$0.02$0.052755
10161$2.60$3.05—$15.0058.02%$0.10$0.143,066315
79267$1.84$2.18—$16.00—————
010$1.25$1.83—$16.50—————
87931$1.18$1.44—$17.0054.32%$0.46$0.6650010
679102$1.01$1.15—$17.50—————
143,916$0.81$0.9055.87%$18.00—$0.92$1.2061189
133$0.55$0.6853.41%$18.50—$1.21$1.461424
941,650$0.40$0.5153.35%$19.00—$1.54$1.791923
9129$0.32$0.3854.74%$19.50—————
176778$0.23$0.3055.77%$20.00—$2.31$2.433164
—————$21.00—$3.15$3.9550
0617$0.03$0.0955.14%$22.00—$4.10$4.95170
—————$23.00—$5.10$6.6570
—————$24.00—$6.00$7.20750
—————$25.00—$7.00$9.2510

Forward $17.79. The 25-delta put carries -0.42 volatility points over the 25-delta call.

2026-11-20(56 days)ATM 58.14%±4.07skew +1.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$3.45$4.25—$14.00—————
01$2.67$3.55—$15.0056.38%$0.40$0.4724672
249$2.13$2.88—$16.0060.91%$0.66$1.012231
3180$1.87$2.20—$17.0055.69%$1.02$1.203710
1324$1.43$1.7960.16%$18.00—$1.47$2.00480
9455$0.89$1.1553.00%$19.00—$2.05$2.5690
10791$0.71$0.9557.28%$20.00—$2.74$3.5080
062$0.49$0.8159.59%$21.00—————
031$0.23$0.3055.46%$23.00—————

Forward $17.87. The 25-delta put carries +1.31 volatility points over the 25-delta call.

2026-12-18(84 days)ATM 62.36%±5.31skew -2.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$13.65$16.05—$3.00—————
010$11.85$14.05—$5.00—————
03$9.70$12.00—$7.00—————
06$8.70$11.10—$8.00—————
06$7.85$10.30—$9.00—————
0101$6.95$8.05—$10.00—————
010$6.25$7.10—$11.00—————
047$4.55$5.35—$13.0063.63%$0.28$0.45112120
027$3.80$4.55—$14.0061.95%$0.48$0.634261
10424$3.60$3.85—$15.0061.00%$0.75$0.908290
0252$2.57$3.20—$16.0070.48%$1.11$1.854030
1570$2.33$2.59—$17.0060.81%$1.57$1.721,192111
76363$1.86$2.1362.66%$18.00—$2.03$2.4599130
13,022$1.48$1.7162.17%$19.00—$2.66$3.151620
43,546$1.25$1.3663.05%$20.00—$3.35$3.604065
2191$0.91$1.1262.18%$21.00—$4.05$4.601120
11,528$0.72$0.9062.44%$22.00—$4.75$5.65920
0321$0.51$0.8063.09%$23.00—$5.60$6.30250
—————$24.00—$6.50$7.2020
—————$25.00—$7.35$8.15730
—————$29.00—$11.15$12.00190

Forward $17.75. The 25-delta put carries -2.09 volatility points over the 25-delta call.

2027-01-15(112 days)ATM 62.89%±6.20skew +0.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$14.15$16.55—$2.50—————
057$11.65$14.00—$5.00—————
01,364$9.40$11.30—$7.5070.21%$0.01$0.032,05152
03$7.75$9.80—$9.00—————
02,207$7.85$8.10—$10.00—————
030$6.30$7.20—$11.00—————
01,032$5.05$5.85—$12.5062.83%$0.33$0.492,9031
0183$3.95$4.70—$14.0060.54%$0.66$0.789831
0995$3.65$4.00—$15.0061.38%$0.96$1.182,69211
0344$2.76$3.40—$16.0062.08%$1.32$1.675320
01,079$2.39$2.60—$17.5061.12%$1.99$2.4026110
0160$1.83$2.1062.90%$19.00—$2.88$3.101152
51,335$1.44$1.6560.49%$20.00—$3.50$3.952780
0550$1.13$1.5362.11%$21.00—$4.25$4.80820
01,235$0.84$1.0961.21%$22.50—$5.40$6.001590
1491,574$0.50$0.6260.42%$25.00—$7.45$8.201100
20492$0.29$0.4863.00%$27.50—$9.75$10.60230
11,470$0.19$0.2562.17%$30.00—$12.15$13.00160

Forward $17.80. The 25-delta put carries +0.16 volatility points over the 25-delta call.

2027-03-19(175 days)ATM 62.20%±7.70skew -0.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$11.65$14.20—$5.00—————
0113$9.20$10.10—$8.00—————
087$7.20$8.30—$10.0066.66%$0.24$0.356360
044$5.15$5.90—$13.0063.42%$0.80$0.971060
0423$3.90$4.60—$15.0062.28%$1.47$1.657843
082$3.25$3.55—$17.0063.02%$2.36$2.721160
1318$2.09$2.3662.12%$20.00—$4.10$4.55300
0228$1.55$1.7961.92%$22.00—$5.50$6.1050
0444$1.00$1.2062.24%$25.00—————
166$0.76$0.9162.46%$27.00—$9.45$11.8520
30129$0.48$0.6262.61%$30.00—————
047$0.23$0.3864.17%$35.00—————

Forward $17.88. The 25-delta put carries -0.19 volatility points over the 25-delta call.

2027-06-17(265 days)ATM 60.99%±9.28skew -1.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$13.65$16.05—$3.00—————
09$11.65$14.10—$5.00—————
013$7.65$8.55—$10.0066.09%$0.50$0.62281
024$5.65$6.45—$13.0066.41%$1.26$1.68210
021$4.45$5.25—$15.0064.78%$1.99$2.50920
0261$3.55$4.30—$17.0061.65%$2.85$3.353530
0120$2.52$3.1061.06%$20.00—$4.70$5.4520
117$1.95$2.5460.81%$22.00—————
0144$1.46$1.9061.95%$25.00—$8.40$9.00220
—————$27.00—$10.05$10.70210
1244$0.57$0.9265.91%$35.00—$17.30$18.10110
03$0.45$0.5862.72%$37.00—————

Forward $17.85. The 25-delta put carries -1.13 volatility points over the 25-delta call.

2027-09-17(357 days)ATM 64.49%±11.44skew +2.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$9.25$11.15—$8.00—————
04$7.95$8.90—$10.00—————
—————$13.0066.18%$1.46$2.27840
03$5.05$5.80—$15.0064.73%$2.53$2.871380
065$4.30$4.85—$17.0063.30%$3.50$3.851190
0133$3.15$3.7561.93%$20.00—————
0164$3.00$3.1564.51%$22.00—————
0102$2.30$2.8867.13%$25.00—$8.55$9.45940
039$1.98$2.1264.31%$27.00—————
017$1.31$1.7662.82%$30.00—————
110$1.00$1.5562.17%$32.00—————
010$0.79$1.1964.82%$37.00—————

Forward $17.94. The 25-delta put carries +2.55 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.

KSS option chain | Options Skew Analytics