Options Skew Analytics

LYB option chain

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

Data as of 22 September 2026 (end of day)

2026-10-16(24 days)ATM 40.47%±6.17skew +0.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
034$9.40$11.10—$50.0044.51%$0.15$0.201,0965
17$5.00$6.10—$55.0041.57%$0.75$0.9015,078765
04$3.10$4.20—$57.5040.65%$1.45$1.7028175
266$2.05$2.3540.47%$60.00—$2.60$2.902,366465
6391$1.20$1.5041.70%$62.50—$4.20$4.506,03629
1,168708$0.65$0.8041.17%$65.00—$5.20$6.50603
421,568$0.35$0.4542.07%$67.50—$7.30$8.70120
851,221$0.15$0.2542.23%$70.00—$9.40$11.2060
30302$0.05$0.1046.29%$75.00—————

Forward $59.45. The 25-delta put carries +0.39 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 44.24%±10.64skew +0.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$45.0048.58%$0.25$0.4045
—————$47.5047.28%$0.45$0.65140
—————$50.0045.30%$0.75$0.95292
—————$55.0043.69%$1.95$2.158056
—————$57.5043.56%$2.85$3.20126
75$3.70$4.5044.05%$60.00—$4.20$4.40271
15$2.75$3.5044.56%$62.50—$5.10$5.90124
123234$2.00$2.2542.46%$65.00—————
1025$1.30$1.9043.58%$67.50—————
3741$0.95$1.2543.13%$70.00—————
3034$0.65$1.0044.26%$72.50—————
2887$0.45$0.7044.38%$75.00—————

Forward $59.80. The 25-delta put carries +0.11 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 44.35%±12.85skew -1.49
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$28.10$31.40—$30.00—————
01$23.30$26.50—$35.00—————
010$17.20$19.10—$42.50—————
036$14.90$16.70—$45.00—————
06$12.70$13.50—$47.5045.25%$0.80$1.1041830
073$10.60$12.20—$50.0044.73%$1.25$1.6564515
055$8.70$10.20—$52.5042.40%$1.80$2.101300
1172$6.90$7.60—$55.0041.65%$2.60$2.906010
3116$5.60$6.80—$57.5041.85%$3.60$4.10741
10514$4.30$5.3044.56%$60.00—$5.10$5.802660
2278$3.40$4.0043.59%$62.50—$6.10$6.90353
6995$2.45$3.4043.96%$65.00—$7.90$8.602920
21266$1.85$2.4542.85%$67.50—$8.90$10.50410
101,516$1.35$2.1043.89%$70.00—$10.70$12.50750
1212$0.95$1.5042.87%$72.50—$12.80$14.60140
9700$0.80$1.0543.07%$75.00—$15.10$16.90180
089$0.50$0.7041.60%$77.50—$17.10$19.1010
—————$80.00—$19.60$21.4070
—————$85.00—$24.00$26.3010
—————$87.50—$26.90$28.5030
—————$90.00—$28.80$31.50510

Forward $59.34. The 25-delta put carries -1.49 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 41.73%±13.96skew +0.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$23.90$26.60—$35.00—————
069$19.60$21.60—$40.00—————
010$17.30$19.10—$42.50—————
0169$15.10$16.80—$45.0044.83%$0.75$0.954,03630
033$13.00$14.70—$47.5044.29%$1.10$1.452730
0776$10.80$11.80—$50.0042.83%$1.60$1.908330
035$9.10$10.80—$52.5043.01%$2.25$2.802670
11,144$7.40$8.20—$55.0042.07%$3.00$3.703,4770
025$6.20$7.60—$57.5041.61%$4.10$4.702360
31,245$4.80$5.6040.94%$60.00—$5.30$5.903,7181
0271$3.90$4.9042.50%$62.50—$6.80$7.40660
01,189$3.10$3.9042.11%$65.00—$8.20$9.104,3260
097$2.40$3.3042.56%$67.50—$9.30$11.00400
611,414$1.90$2.4541.76%$70.00—$11.10$12.903000
0107$1.45$2.1542.67%$72.50—$13.10$14.90300
91,001$1.10$1.7542.79%$75.00—$15.50$17.101,1290
3151$0.90$1.3042.62%$77.50—$17.40$19.3090
13677$0.70$0.9041.85%$80.00—$19.90$21.606850
—————$82.50—$21.90$23.901320
—————$85.00—$24.20$26.301110
—————$87.50—$26.50$28.8020

Forward $59.59. The 25-delta put carries +0.34 volatility points over the 25-delta call.

2027-03-19(178 days)ATM 42.38%±17.70skew +1.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$19.80$22.00—$40.00—————
—————$42.5046.82%$1.00$1.4548013
034$15.60$17.50—$45.0046.82%$1.40$2.101540
01$13.10$15.70—$47.5045.21%$1.90$2.55180
04$11.90$13.60—$50.0044.29%$2.55$3.201070
07$10.20$11.90—$52.5043.78%$3.30$4.101961
022$8.80$10.30—$55.0042.88%$4.20$5.002420
321$7.30$8.80—$57.5042.42%$5.30$6.105560
0163$6.30$7.4042.67%$60.00—$6.70$7.4015,1560
361$5.20$6.4042.38%$62.50—$8.00$8.9083
770$4.30$5.3041.61%$65.00—$8.90$10.50240
0535$3.60$4.5041.66%$67.50—$10.50$12.205720
23582$2.90$4.0042.01%$70.00—$12.30$14.10100
01,504$2.45$3.3041.90%$72.50—$14.20$16.001640
10167$2.05$2.7041.72%$75.00—$16.10$18.40590
060$1.75$2.5042.93%$77.50—$18.20$20.1090
2206$1.45$1.8041.62%$80.00—$20.30$22.30100
—————$85.00—$24.70$26.8020
379$0.60$0.9541.97%$90.00—————

Forward $59.80. The 25-delta put carries +1.36 volatility points over the 25-delta call.

2027-06-17(268 days)ATM 42.46%±21.77skew +1.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$27.00$29.00—$32.50—————
017$24.70$26.70—$35.00—————
—————$40.0047.06%$1.25$1.9020
01$18.30$20.50—$42.5045.10%$1.45$2.4030
—————$45.0045.29%$2.20$3.001490
—————$47.5044.44%$2.80$3.70170
—————$50.0044.24%$3.70$4.505131
04$11.60$13.50—$52.5043.07%$4.40$5.40330
06$10.20$12.00—$55.0042.48%$5.40$6.40190
07$8.90$10.70—$57.5042.88%$6.50$7.901440
075$7.70$9.1042.94%$60.00—$7.80$9.30140
04$6.70$8.0042.56%$62.50—$9.20$10.4060
826$5.90$7.0042.43%$65.00—$10.30$11.90100
018$5.10$6.3042.59%$67.50—$11.80$13.6050
028$4.40$5.6042.57%$70.00—$13.50$15.3050
01$3.60$4.9041.85%$72.50—————
13330$3.40$4.0041.80%$75.00—$17.20$19.2010
039$2.90$3.7042.24%$77.50—————
076$2.30$3.5042.37%$80.00—————
035$1.85$2.7042.85%$85.00—$25.40$28.0050
084$1.35$2.0542.60%$90.00—$29.80$32.5090

Forward $59.85. The 25-delta put carries +1.87 volatility points over the 25-delta call.

2027-09-17(360 days)ATM 41.38%±24.81skew +3.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$32.5047.21%$0.70$1.0041
—————$42.5046.54%$2.30$3.4010
—————$45.0045.63%$2.75$4.2020
—————$47.5045.14%$3.60$4.9020
—————$50.0044.55%$4.40$5.80310
—————$55.0044.25%$6.30$8.20190
01$9.90$12.40—$57.5044.00%$7.50$9.4040
01$8.80$11.40—$60.0043.80%$8.80$10.70230
02$7.70$9.1040.54%$62.50—$9.30$12.2040
03$6.90$8.4041.12%$65.00—————
060$6.50$7.6041.98%$67.50—————
015$5.70$6.9041.86%$70.00—————
04$4.60$6.3040.97%$72.50—————
08$4.30$5.6041.35%$75.00—————
03$3.70$6.0043.35%$77.50—————
0119$3.40$4.6041.58%$80.00—————
010$1.95$3.1041.43%$90.00—————

Forward $60.37. The 25-delta put carries +3.12 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.