Options Skew Analytics

LYB option chain

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

Data as of 9 November 2026 (end of day)

2026-12-18(39 days)ATM 40.69%±7.82skew +2.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$28.20$30.60—$30.00—————
01$23.20$25.70—$35.00—————
010$16.20$17.90—$42.50—————
038$13.60$15.40—$45.00—————
07$11.50$12.90—$47.50—————
061$8.90$10.20—$50.00—————
053$6.90$8.00—$52.5043.59%$0.80$1.1012833
2176$5.40$5.90—$55.0041.43%$1.40$1.651,80822
098$3.70$4.20—$57.5040.92%$2.30$2.6529158
202624$2.40$2.7540.57%$60.00—$3.50$4.0038216
16409$1.45$1.7539.31%$62.50—$5.00$5.50880
83964$0.85$1.1039.09%$65.00—$6.90$7.303210
1712$0.50$0.8040.70%$67.50—$8.50$9.90880
141,518$0.30$0.4039.84%$70.00—$10.70$12.30800
12355$0.15$0.2540.10%$72.50—$13.00$14.70140
—————$75.00—$15.30$17.00160
—————$77.50—$17.80$19.6010
—————$80.00—$20.40$22.1090
—————$85.00—$24.50$28.1010
—————$87.50—$27.60$29.7030
—————$90.00—$30.10$32.20510

Forward $58.82. The 25-delta put carries +2.34 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 39.51%±10.00skew +4.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$23.20$25.70—$35.00—————
569$18.60$20.40—$40.00—————
010$16.30$17.90—$42.50—————
0167$13.90$15.50—$45.0045.76%$0.30$0.454,1031
033$11.60$12.70—$47.5044.47%$0.50$0.752591
0752$9.40$10.30—$50.0042.04%$0.85$1.007880
028$7.40$8.80—$52.5041.36%$1.30$1.653150
3741,143$5.70$6.70—$55.0040.64%$1.95$2.503,77314
070$4.40$4.90—$57.5040.92%$3.00$3.602340
21,260$3.40$3.7039.49%$60.00—$4.20$4.703,6933
10326$2.25$2.8038.74%$62.50—$5.30$6.40590
501,748$1.50$1.7536.84%$65.00—$7.50$8.203,7080
17148$1.00$1.2537.17%$67.50—$8.90$10.30430
461,667$0.75$0.8538.01%$70.00—$11.10$12.402960
0135$0.45$0.5537.45%$72.50—$13.30$14.70300
111,087$0.30$0.4538.86%$75.00—$15.60$17.101,1280
1243$0.20$0.3039.12%$77.50—$17.90$19.5090
—————$80.00—$20.20$21.906850
—————$82.50—$22.70$24.401320
—————$85.00—$25.10$27.001110
—————$87.50—$27.60$29.7020

Forward $59.09. The 25-delta put carries +4.19 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 40.64%±14.29skew +2.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$18.90$20.50—$40.00—————
—————$42.5045.22%$0.60$0.855073
027$14.50$16.00—$45.0043.68%$0.85$1.202068
01$12.50$14.00—$47.5043.13%$1.25$1.75561
025$10.60$12.00—$50.0042.94%$1.95$2.35241129
014$8.80$10.20—$52.5042.65%$2.70$3.201700
122$7.30$8.30—$55.0041.06%$3.30$4.202610
029$5.90$6.90—$57.5040.58%$4.40$5.305570
1141$4.80$5.5040.67%$60.00—$5.80$6.6015,0452
1787$3.80$4.5040.38%$62.50—$7.10$8.1013912
1794$2.90$3.6039.69%$65.00—$8.60$9.80370
3576$2.20$2.9539.62%$67.50—$10.30$11.705720
10388$1.80$2.4040.22%$70.00—$12.20$13.50120
561,519$1.25$1.9039.47%$72.50—$14.20$15.60180
21272$1.10$1.4039.75%$75.00—$16.30$17.80652
179$0.80$1.0038.90%$77.50—$18.50$20.0090
14279$0.70$1.0041.20%$80.00—$20.80$22.30100
—————$85.00—$25.50$27.2020

Forward $58.93. The 25-delta put carries +2.72 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 40.40%±18.47skew +0.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$28.30$30.90—$30.00—————
02$25.80$28.50—$32.50—————
017$23.70$25.60—$35.00—————
50$19.30$21.00—$40.0043.91%$0.90$1.15102
01$17.20$18.90—$42.50—————
—————$45.0043.85%$1.80$2.352270
—————$47.5044.28%$2.50$3.20180
023$11.70$13.30—$50.0041.24%$2.95$3.605301
06$10.10$11.50—$52.5041.04%$3.80$4.60336
17$8.60$10.00—$55.0040.46%$4.90$5.50370
012$7.40$8.70—$57.5040.58%$6.10$6.801041
370$6.20$7.1040.21%$60.00—$7.20$8.30150
017$5.20$6.3040.48%$62.50—$8.60$9.80210
039$4.40$5.5040.66%$65.00—$10.20$11.40230
024$3.60$4.7040.22%$67.50—$11.70$13.0084
081$3.10$4.0040.38%$70.00—$13.50$14.801060
03$2.50$3.5040.32%$72.50—————
4596$2.10$2.9040.08%$75.00—$17.40$18.9060
041$1.80$2.5540.59%$77.50—————
7224$1.50$2.1540.52%$80.00—————
—————$85.00—$25.90$27.6050

Forward $58.87. The 25-delta put carries +0.65 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.