Options Skew Analytics

LVS 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 40.39%±1.72skew +2.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
40$7.40$8.25—$33.00—————
30$6.90$7.65—$33.50—————
798$6.45$7.35—$34.00—————
60$5.95$6.65—$34.50—————
58$5.35$6.65—$35.00—————
213$4.90$6.00—$35.50—————
220$4.50$5.50—$36.00—————
120$3.90$5.30—$36.50—————
112$3.45$4.60—$37.00—————
019$2.99$4.15—$37.50—————
0122$2.40$3.95—$38.0049.79%$0.07$0.121306
—————$38.5048.32%$0.12$0.172521
—————$39.0046.20%$0.17$0.253065
037$1.41$1.51—$39.5044.29%$0.25$0.36172
22715$1.04$1.15—$40.0042.90%$0.39$0.501,53715
2086$0.72$0.81—$40.5040.75%$0.55$0.694730
68242$0.47$0.5740.07%$41.00—$0.82$0.9459123
1010$0.30$0.4040.56%$41.50—$1.15$1.26150
14174$0.19$0.2841.63%$42.00—$1.39$1.7630
—————$43.00—$1.61$2.5820
—————$48.00—$6.15$8.9001

Forward $40.65. The 25-delta put carries +2.67 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 34.99%±3.73skew +1.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$5.45$8.00—$35.00—————
04$3.60$5.35—$37.00—————
01$3.20$3.40—$38.0037.13%$0.47$0.60320
05$2.44$2.64—$39.0036.23%$0.71$0.89253
0170$1.77$2.02—$40.0034.97%$1.04$1.243461
16315$1.22$1.4834.99%$41.00—$1.51$1.7622
1276$0.83$1.0534.72%$42.00—$2.09$2.3320
0113$0.57$0.7635.46%$43.00—————
2039$0.36$0.5535.90%$44.00—————

Forward $40.71. The 25-delta put carries +1.22 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 34.57%±4.18skew +2.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$3.95$5.50—$37.00—————
—————$38.0037.49%$0.59$0.792250
—————$39.0036.33%$0.85$1.0710
211$1.96$2.23—$40.0035.21%$1.20$1.4210
03$1.42$1.7034.58%$41.00—————
238$0.99$1.2734.18%$42.00—$2.25$2.5110
15$0.67$0.9233.91%$43.00—————
046$0.45$0.7034.55%$44.00—————
2021$0.30$0.4934.66%$45.00—————

Forward $40.79. The 25-delta put carries +2.94 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 33.57%±4.50skew +5.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
09$14.70$17.20—$25.00—————
020$10.60$11.95—$30.00—————
091$8.15$9.60—$32.50—————
1298$5.95$6.25—$35.0040.68%$0.26$0.322,20243
31,492$3.90$4.25—$37.5037.81%$0.62$0.721,613168
582,936$2.16$2.65—$40.0035.85%$1.36$1.521,31097
2011,571$1.00$1.1431.87%$42.50—$2.70$2.991,44824
59889$0.40$0.5232.24%$45.00—$4.20$4.901,28516
—————$47.50—$5.85$7.203020
5786$0.04$0.0933.32%$50.00—$7.50$10.1020
31,410$0.01$0.0636.09%$52.50—$10.60$13.3010
—————$55.00—$13.40$15.05722
—————$60.00—$17.90$20.65220
—————$62.50—$20.40$22.7040

Forward $40.97. The 25-delta put carries +5.57 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 32.65%±5.74skew +4.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$19.80$22.20—$20.00—————
010$17.30$19.80—$22.50—————
1170$15.40$17.20—$25.00—————
0129$12.95$14.90—$27.5048.95%$0.05$0.1086031
01,063$10.80$12.20—$30.00—————
0175$8.45$9.95—$32.5042.09%$0.25$0.351,3189
111,942$6.40$6.75—$35.0039.00%$0.50$0.641,17011
202,261$4.40$4.70—$37.5036.46%$0.94$1.182,26532
84,870$2.72$3.10—$40.0034.27%$1.75$1.996273
91,885$1.52$1.7232.04%$42.50—$3.05$3.351,3900
42,013$0.75$1.0232.14%$45.00—$4.85$5.101,2750
7420$0.40$0.6433.81%$47.50—$6.05$7.353720
61,894$0.19$0.2933.17%$50.00—$8.25$9.651,1950
—————$52.50—$10.40$12.95170
—————$55.00—$12.90$15.20250
—————$57.50—$15.40$17.702210
—————$60.00—$17.90$20.6530
—————$62.50—$20.45$22.3580
—————$65.00—$22.95$25.4510

Forward $41.05. The 25-delta put carries +4.32 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 36.22%±8.88skew +4.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$22.5051.81%$0.07$0.1136137
1527$15.80$17.30—$25.00—————
015$13.40$14.95—$27.5046.02%$0.24$0.343820
012$10.95$12.70—$30.0042.94%$0.43$0.514595
015$8.95$10.40—$32.5041.11%$0.72$0.8848676
15,839466$7.10$7.45—$35.0039.55%$1.27$1.344,1483
9281,036$5.35$5.75—$37.5038.13%$1.99$2.0683821
122,081$3.90$4.25—$40.0037.18%$2.96$3.104534
231,278$2.66$3.0535.97%$42.50—$4.00$4.505151
271,508$1.77$1.9834.53%$45.00—$5.65$6.152550
3829$1.09$1.5034.94%$47.50—$7.55$7.951930
5436$0.61$0.9233.54%$50.00—$9.05$10.15620
11141$0.42$0.5633.67%$52.50—$10.95$12.35820
—————$55.00—$13.15$14.85390
056$0.13$0.1932.70%$57.50—————

Forward $41.06. The 25-delta put carries +4.61 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 36.33%±11.65skew +5.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0350$16.00$17.50—$25.0045.98%$0.32$0.48500
05$13.65$15.25—$27.5043.57%$0.54$0.697483
047$11.65$13.15—$30.0041.53%$0.82$1.041391
07$9.65$10.70—$32.5040.95%$1.25$1.696320
5285$7.95$8.40—$35.0039.34%$1.86$2.313230
0337$6.30$6.90—$37.5038.36%$2.66$3.209920
01,660$4.95$5.50—$40.0036.82%$3.65$4.152760
074$3.75$4.3036.40%$42.50—$5.00$5.402561
0664$2.77$3.4035.99%$45.00—$6.45$7.003910
181,180$2.10$2.2534.31%$47.50—$8.20$8.752800
39419$1.48$1.6433.68%$50.00—$10.15$10.60710
1374$1.02$1.1833.17%$52.50—$11.50$12.75630
0392$0.65$0.8332.43%$55.00—$13.55$15.00170
—————$57.50—$15.85$17.2520
358,253$0.39$0.5033.89%$60.00—————

Forward $41.29. The 25-delta put carries +5.67 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 36.48%±14.00skew +4.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0100$20.65$22.30—$20.00—————
15$17.65$20.55—$22.50—————
02$16.25$17.95—$25.0044.40%$0.55$0.76650
—————$27.5042.35%$0.82$1.08560
012$12.00$13.60—$30.0040.41%$1.22$1.454725
015$9.45$11.60—$32.5040.43%$1.78$2.261,8240
029$8.70$9.30—$35.0038.93%$2.42$2.988121
0281$7.20$7.80—$37.5038.05%$3.40$3.804523
0495$5.80$6.55—$40.0037.45%$4.55$4.854741
0174$4.70$5.3536.92%$42.50—$5.65$6.30240
0752$3.65$4.4036.23%$45.00—$7.10$7.95590
078$2.94$3.5536.04%$47.50—$8.80$9.401470
0742$2.12$2.8635.08%$50.00—$10.60$11.151900
01,207$1.64$2.2034.54%$52.50—————
0332$1.24$1.8434.73%$55.00—————

Forward $41.51. The 25-delta put carries +4.19 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.