Options Skew Analytics

LQD 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 7.70%±0.84skew +0.66
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
15821$24.65$24.95—$80.00—————
1589$19.65$19.95—$85.00—————
020$14.65$14.95—$90.00—————
80$9.65$9.95—$95.00—————
81$8.65$8.95—$96.00—————
01$8.15$8.45—$96.50—————
01$5.15$5.45—$99.50—————
01$4.65$4.95—$100.00—————
—————$101.5015.88%$0.01$0.0350
—————$102.0013.78%$0.01$0.031,5554
—————$102.5011.64%$0.01$0.03841
11,005$1.61$1.93—$103.009.89%$0.01$0.0432
113$1.24$1.33—$103.508.99%$0.03$0.0740
191$0.80$0.90—$104.008.30%$0.09$0.132660
027$0.44$0.49—$104.507.87%$0.22$0.2796385
1901,770$0.19$0.237.57%$105.00—$0.46$0.52101
311$0.06$0.107.63%$105.50—————
09$0.01$0.047.74%$106.00—————
—————$119.00—$14.10$14.40—0

Forward $104.72. The 25-delta put carries +0.66 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 6.86%±1.25skew +0.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$6.70$7.05—$98.00—————
—————$99.0015.84%$0.01$0.0320,5673
—————$99.5014.63%$0.01$0.0312
—————$100.0013.91%$0.02$0.0333,0636
—————$100.5012.20%$0.01$0.0328
—————$101.0011.39%$0.01$0.0433,4523
—————$101.5010.11%$0.01$0.045010
013,438$2.77$3.05—$102.009.40%$0.02$0.0583,91716
01$2.19$2.51—$102.508.47%$0.03$0.063774
022,586$1.83$1.95—$103.007.99%$0.06$0.0921,05910
0362$1.39$1.50—$103.507.60%$0.11$0.151,0030
87927,712$0.98$1.06—$104.007.27%$0.20$0.2526,51747,148
21,605$0.64$0.70—$104.506.87%$0.35$0.3946350
1,159148,669$0.37$0.426.85%$105.00—$0.58$0.6571,0200
1582,218$0.19$0.236.70%$105.50—————
4134,892$0.09$0.126.75%$106.00—$1.32$1.4010,1660
0503$0.03$0.066.70%$106.50—————
160,842$0.01$0.047.17%$107.00—————
01$0.01$0.038.09%$107.50—————
—————$109.00—$4.10$4.457,0000
—————$110.00—$5.10$5.4011

Forward $104.78. The 25-delta put carries +0.57 volatility points over the 25-delta call.

2026-11-23(14 days)ATM 6.53%±1.34skew +0.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$9.70$10.05—$95.00—————
0—$8.70$9.05—$96.00—————
0—$7.70$8.05—$97.00—————
0—$6.70$7.05—$98.00—————
0—$5.55$6.05—$99.0014.08%$0.01$0.03—0
0—$4.65$5.05—$100.0011.94%$0.01$0.03—0
0—$3.60$4.05—$101.0010.14%$0.01$0.04—0
0—$2.76$3.05—$102.008.38%$0.01$0.06—0
0—$1.85$1.96—$103.007.52%$0.07$0.11—0
0—$1.02$1.12—$104.006.89%$0.23$0.27—0
28—$0.41$0.466.46%$105.00—$0.60$0.67—0
28—$0.10$0.146.21%$106.00—$1.31$1.41—0
0—$0.01$0.046.31%$107.00—$2.14$2.53—0
—————$108.00—$3.10$3.40—0
—————$109.00—$4.10$4.55—0
—————$110.00—$5.10$5.40—0
—————$111.00—$6.10$6.40—0
—————$112.00—$7.10$7.60—0
—————$113.00—$8.10$8.50—0
—————$114.00—$9.10$9.55—0
—————$115.00—$10.10$10.55—0

Forward $104.80. The 25-delta put carries +0.68 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 6.59%±1.53skew +0.93
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$99.0012.94%$0.01$0.0480
—————$99.5011.98%$0.01$0.04100
020$4.80$5.10—$100.0011.00%$0.01$0.0410
—————$100.5010.02%$0.01$0.0411
—————$101.009.60%$0.02$0.05180
—————$102.008.25%$0.04$0.07100
—————$102.507.80%$0.06$0.1030
015$1.94$2.05—$103.007.58%$0.11$0.1590
05$1.51$1.61—$103.507.18%$0.17$0.221520
011$1.13$1.20—$104.006.95%$0.28$0.332680
36139$0.79$0.85—$104.506.69%$0.43$0.4972
085$0.51$0.566.54%$105.00—$0.65$0.72190
3179$0.30$0.346.33%$105.50—————
020$0.16$0.206.25%$106.00—————
021$0.08$0.116.24%$106.50—————
02$0.02$0.066.03%$107.00—————
013$0.01$0.046.45%$107.50—————
09$0.01$0.037.12%$108.00—————
—————$108.50—$3.60$3.90—0
—————$109.50—$4.60$4.90—0
—————$119.00—$14.10$14.40—0

Forward $104.85. The 25-delta put carries +0.93 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 6.97%±1.91skew +1.30
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$100.0010.27%$0.03$0.073600
—————$100.509.71%$0.04$0.0810
—————$101.009.06%$0.05$0.09220
—————$102.008.35%$0.11$0.1510
—————$103.007.89%$0.24$0.2910
015$1.55$1.67—$103.507.69%$0.35$0.40130
05$1.17$1.24—$104.007.58%$0.50$0.5680
01$0.83$0.90—$104.50—————
01$0.56$0.616.73%$105.00—————
01$0.21$0.256.39%$106.00—$1.66$1.768568
01$0.12$0.156.35%$106.50—————
08$0.05$0.096.21%$107.00—————
—————$119.00—$14.25$14.75—0

Forward $104.68. The 25-delta put carries +1.30 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 7.69%±2.63skew +1.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$94.0014.86%$0.01$0.0420,0000
—————$95.0013.93%$0.01$0.0510,0390
—————$96.0013.19%$0.02$0.065,0220
—————$97.0012.27%$0.03$0.0720,0780
—————$98.0011.22%$0.04$0.0825,6930
—————$99.0010.33%$0.06$0.1031,3360
010$4.80$5.15—$100.009.75%$0.11$0.1465,65415
07$3.85$4.15—$101.008.99%$0.16$0.2154,0171
122,867$2.93$3.05—$102.008.56%$0.28$0.3431,978100
025,127$2.06$2.15—$103.008.17%$0.49$0.5465,088192
1870,652$1.31$1.38—$104.008.02%$0.83$0.8925,97425,685
1,73444,796$0.74$0.797.35%$105.00—$1.34$1.4132,60827
1,215115,112$0.36$0.427.03%$106.00—$2.02$2.1325,7520
10837,524$0.16$0.196.86%$107.00—$2.84$2.9419,4970
047,099$0.06$0.096.89%$108.00—$3.60$3.901020
166,582$0.02$0.057.16%$109.00—$4.55$4.8525,1610
192,588$0.01$0.037.68%$110.00—$5.55$6.005,0120
—————$111.00—$6.50$7.001000
—————$112.00—$7.50$8.0050
—————$113.00—$8.50$9.0070
—————$114.00—$9.50$10.0080

Forward $104.49. The 25-delta put carries +1.14 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 7.47%±3.34skew +1.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$94.0013.17%$0.04$0.09100
01$7.90$11.95—$95.0012.37%$0.05$0.10100,7040
—————$98.0010.16%$0.11$0.165,61911
—————$99.009.63%$0.15$0.2252,0771
03$3.80$5.50—$100.009.09%$0.22$0.2924,8751
01$3.90$4.05—$101.008.56%$0.32$0.391380
0132$3.05$3.20—$102.008.22%$0.49$0.5628,09710
03,194$2.26$2.37—$103.007.93%$0.73$0.8218,3130
0289$1.57$1.68—$104.007.69%$1.08$1.1723,54810
053,382$1.02$1.117.30%$105.00—$1.56$1.6420,1920
2212,469$0.62$0.697.06%$106.00—$2.18$2.281,7730
011,723$0.35$0.416.95%$107.00—$2.94$3.104570
09,036$0.17$0.246.87%$108.00—$3.50$4.152760
—————$109.00—$4.25$5.35170
0834$0.02$0.086.83%$110.00—————
0376$0.01$0.067.32%$111.00—————
0203$0.01$0.047.80%$112.00—————
—————$113.00—$6.65$10.6580
—————$114.00—$7.65$11.6540
—————$115.00—$8.65$12.6070
—————$116.00—$9.65$13.7040

Forward $104.50. The 25-delta put carries +1.27 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 7.79%±4.31skew +1.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$96.0011.00%$0.14$0.2310
—————$97.0010.45%$0.18$0.275,8230
—————$98.009.93%$0.24$0.325,7430
—————$99.009.48%$0.32$0.402671
01$4.95$5.15—$100.009.07%$0.43$0.518,1130
05$4.10$4.30—$101.008.75%$0.59$0.677,7650
03,000$3.25$3.45—$102.008.52%$0.80$0.918,0820
028,825$2.55$2.72—$103.008.24%$1.08$1.198430
0142$1.93$2.06—$104.007.98%$1.44$1.5526322
10532$1.39$1.497.66%$105.00—————
20108$0.92$1.047.35%$106.00—$2.47$2.62540
0729$0.60$0.707.20%$107.00—————
05,223$0.40$0.477.24%$108.00—$3.95$4.155,16050
07,811$0.23$0.317.18%$109.00—$4.80$5.0030
—————$110.00—$5.00$6.4510
—————$113.00—$6.70$10.7530
—————$114.00—$7.70$11.6030
—————$115.00—$9.40$12.0030
—————$117.00—$10.65$14.6530
—————$119.00—$12.65$16.6030
—————$120.00—$13.65$17.7030

Forward $104.51. The 25-delta put carries +1.55 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.