Options Skew Analytics

MA option chain

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

Data as of 24 September 2026 (end of day)

2026-10-02(8 days)ATM 21.54%±18.03skew +0.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$31.80$38.50—$530.00—————
03$22.60$27.70—$540.00—————
13$17.80$23.10—$545.00—————
03$15.30$20.90—$547.5022.15%$1.35$1.753520
03$13.20$18.70—$550.0022.00%$1.70$2.251923
013$11.60$16.60—$552.5021.70%$2.15$2.7576
013$10.30$14.60—$555.0020.61%$2.10$3.50681
26$10.50$12.80—$557.5021.62%$3.60$4.101332
530$8.90$10.80—$560.0021.64%$4.40$5.1017444
744$8.50$9.40—$562.5021.70%$5.40$6.206312
1126$7.10$7.80—$565.0021.50%$6.50$7.303378
413$5.90$6.7021.63%$567.50—$7.80$8.7064
332$4.80$5.6021.51%$570.00—$9.00$9.903029
732$2.80$4.5019.49%$572.50—$10.00$15.1031
2654$2.45$3.7020.13%$575.00—$12.10$17.00200
—————$577.50—$14.10$17.7034
1679$1.65$2.1520.19%$580.00—$15.90$20.901710
3537$0.75$1.2519.58%$585.00—$19.60$25.10100
—————$587.50—$22.30$27.1070
—————$590.00—$24.60$29.3050
—————$592.50—$25.90$31.8010

Forward $565.55. The 25-delta put carries +0.47 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 20.34%±28.24skew +1.71
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
047$24.80$29.60—$540.0022.30%$3.10$3.603888
—————$542.5021.81%$3.30$4.10220
237$20.90$26.00—$545.0021.81%$3.90$4.703780
027$19.10$24.10—$547.5021.89%$4.70$5.30132
7121$19.60$21.90—$550.0021.70%$5.30$6.0035413
49$17.00$20.40—$552.5021.68%$6.10$6.8052
463$15.70$18.60—$555.0021.51%$6.90$7.603774
513$14.10$16.70—$557.5021.48%$7.80$8.601513
5195$12.80$15.20—$560.0021.12%$8.70$9.4048329
49$11.50$13.70—$562.5021.25%$9.70$10.801020
27407$10.40$13.20—$565.0020.86%$10.80$11.7029537
025$9.10$11.1019.95%$567.50—$12.00$12.9084
13287$8.20$10.2020.34%$570.00—$13.30$14.602485
16138$7.10$8.9020.01%$572.50—$14.70$16.001312
9504$7.10$8.0020.93%$575.00—$15.90$17.5047840
619$5.40$7.0019.99%$577.50—$17.30$21.8060
33709$4.70$6.1019.94%$580.00—$19.30$23.601691
010$4.00$5.4019.93%$582.50—————
16382$3.60$4.7020.11%$585.00—$23.20$26.90810
616$2.70$4.1019.66%$587.50—$25.10$28.3040
6334$2.20$3.5019.49%$590.00—$26.20$30.301270

Forward $565.55. The 25-delta put carries +1.71 volatility points over the 25-delta call.

2026-11-20(57 days)ATM 24.67%±55.29skew +1.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
027$55.60$59.20—$515.0026.78%$5.30$5.901655
0185$49.80$55.10—$520.0026.39%$6.10$6.705413
033$45.80$51.10—$525.0025.92%$7.10$7.403166
0231$41.50$47.10—$530.0025.89%$8.20$8.801826
028$37.80$43.10—$535.0025.79%$9.20$10.50180138
0147$34.60$39.30—$540.0025.30%$10.60$11.502867
035$31.30$36.30—$545.0025.20%$11.90$13.501699
1101$29.50$32.80—$550.0024.73%$13.80$14.60163274
7128$26.30$29.50—$555.0024.90%$15.80$17.002245
095$23.90$27.20—$560.0024.45%$17.60$18.909411
463$21.40$23.80—$565.0024.33%$19.80$21.309432
68625$19.70$21.4024.69%$570.00—$22.10$24.8012315
472$18.30$18.9024.97%$575.00—$24.70$27.102540
4360$16.20$17.0024.99%$580.00—$27.90$30.502290
4169$14.10$14.8024.65%$585.00—$29.50$33.101500
8250$12.30$13.4024.76%$590.00—$34.20$38.50930
6146$10.10$11.6024.19%$595.00—$37.70$42.20300
281,294$8.80$10.1024.15%$600.00—$40.90$44.401100
6144$7.70$8.8024.19%$605.00—$44.50$50.10151
4228$6.50$7.4023.89%$610.00—$48.90$54.0070
8195$5.60$6.4023.92%$615.00—$52.50$58.00110

Forward $567.06. The 25-delta put carries +1.70 volatility points over the 25-delta call.

2026-12-18(85 days)ATM 23.86%±65.51skew +1.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$515.0025.15%$7.20$7.9020
0221$53.80$59.40—$520.0024.87%$8.10$8.9034114
—————$525.0024.65%$9.20$10.0013
—————$535.0024.40%$11.90$12.7001
0650$39.40$45.00—$540.0024.28%$13.50$14.201,9837
01$36.50$41.50—$545.0024.17%$15.10$16.00116
170$33.20$37.80—$550.0024.07%$16.90$17.90021
03$30.50$34.80—$555.0023.98%$18.60$20.2022
2695$28.90$31.90—$560.0023.70%$20.20$22.504027
31$26.40$28.90—$565.0023.47%$22.80$24.2019
2010$23.50$26.6023.61%$570.00—$24.90$27.50015
16$22.80$23.7024.03%$575.00—————
2572$19.60$21.4023.43%$580.00—$30.80$32.002351
11$17.20$19.4023.20%$585.00—————
35$15.20$17.5023.07%$590.00—————
535$15.00$15.7023.72%$595.00—————
99579$12.20$14.0023.02%$600.00—$43.00$48.402110
70$11.30$12.7023.33%$605.00—————
25$9.80$11.3023.16%$610.00—————
01$8.50$10.1023.08%$615.00—————
4400$8.00$8.7023.21%$620.00—$58.80$63.90400

Forward $568.84. The 25-delta put carries +1.58 volatility points over the 25-delta call.

2027-01-15(113 days)ATM 23.06%±73.16skew +1.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
036$61.20$67.50—$515.0024.61%$9.40$10.005310
0356$57.30$63.30—$520.0024.41%$10.40$11.208740
033$53.60$59.30—$525.0024.27%$11.70$12.404590
0180$50.00$55.30—$530.0024.07%$13.00$13.705080
031$46.60$52.50—$535.0023.91%$14.40$15.20740
0429$43.30$48.30—$540.0023.51%$15.40$16.802560
173$40.60$45.00—$545.0023.46%$17.20$18.60950
01,269$38.30$42.00—$550.0023.39%$19.30$20.302758
247$34.20$38.90—$555.0023.45%$21.40$22.60723
7293$32.00$35.50—$560.0023.20%$23.50$24.401784
4111$29.30$32.80—$565.0023.05%$24.60$27.70910
10557$27.00$30.40—$570.0022.92%$28.00$29.008140
7443$24.70$28.5023.06%$575.00—$30.90$31.603053
8518$22.60$25.4022.70%$580.00—$33.50$34.901840
102157$22.40$23.4023.44%$585.00—$35.90$37.50300
0307$19.50$21.3022.94%$590.00—$39.10$40.401430
459$17.70$19.4022.87%$595.00—$42.50$43.70240
2961$16.00$17.7022.83%$600.00—$45.50$50.001757
1157$15.10$16.0023.02%$605.00—$49.10$54.70270
0692$12.90$14.5022.64%$610.00—$52.80$56.10540
20594$10.60$11.8022.64%$620.00—$60.60$65.50120

Forward $570.20. The 25-delta put carries +1.62 volatility points over the 25-delta call.

2027-03-19(176 days)ATM 23.88%±95.28skew +2.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
020$106.80$112.60—$470.0026.82%$6.20$7.302320
043$98.40$104.40—$480.0026.68%$7.90$8.803273
025$90.20$95.80—$490.0026.16%$9.50$10.20149100
0153$83.60$87.70—$500.0025.76%$11.30$12.10175139
047$76.80$79.70—$510.0025.35%$13.30$14.302209
087$68.50$72.60—$520.0025.15%$16.00$16.904086
097$61.90$65.60—$530.0024.87%$18.80$19.902334
0166$53.50$59.00—$540.0024.60%$22.00$23.204432
1194$49.00$52.50—$550.0024.48%$25.80$27.10852
26122$43.40$46.80—$560.0024.23%$29.90$31.10931
7113$38.30$41.00—$570.0024.05%$34.30$35.801250
6182$33.80$36.0023.93%$580.00—$39.50$40.801120
12274$29.20$31.5023.68%$590.00—$45.00$46.40810
13120$24.40$27.4023.23%$600.00—$51.10$52.401000
10162$22.10$23.7023.48%$610.00—$57.30$62.40210
0156$18.20$20.8023.23%$620.00—$64.70$70.2010
0111$15.60$17.6023.07%$630.00—$72.10$75.7020
196$13.80$15.3023.31%$640.00—————
5155$11.40$13.0023.10%$650.00—$87.20$93.6010
1226$10.00$11.1023.25%$660.00—————
0107$8.40$9.5023.24%$670.00—————

Forward $574.70. The 25-delta put carries +2.04 volatility points over the 25-delta call.

2027-04-16(204 days)ATM 24.00%±103.17skew +1.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$520.0025.35%$17.70$20.30511
—————$525.0024.88%$18.60$21.4050
06$63.90$69.00—$530.0025.17%$20.70$23.6081
—————$535.0024.87%$22.10$25.0040
—————$540.0024.73%$23.20$27.3090
09$48.50$53.10—$555.0024.50%$29.10$33.3020
16$46.40$50.20—$560.00—————
271$43.40$47.40—$565.0024.40%$33.70$37.7030
08$41.10$44.80—$570.0024.23%$35.30$40.5050
010$38.70$42.60—$575.0024.28%$38.30$42.80430
011$36.40$39.9024.12%$580.00—$40.70$45.5010
18$34.30$37.3023.98%$585.00—$44.00$48.4020
01$32.00$35.2023.89%$590.00—————
02$30.00$33.4023.91%$595.00—$49.90$54.4010
06$27.90$31.3023.77%$600.00—$52.90$56.90120
03$25.70$29.1023.51%$605.00—————
156$24.70$27.2023.65%$610.00—$59.60$64.4010
014$22.20$25.7023.40%$615.00—$62.70$67.9040
010$20.60$24.1023.35%$620.00—$66.50$70.20230
01$19.30$22.3023.28%$625.00—————
01$18.30$20.9023.38%$630.00—————

Forward $575.10. The 25-delta put carries +1.97 volatility points over the 25-delta call.

2027-06-17(266 days)ATM 24.96%±123.58skew +2.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
017$120.10$122.10—$470.0027.54%$11.10$12.90620
056$111.80$114.20—$480.0026.81%$13.20$13.501622
0159$102.70$106.60—$490.0026.97%$15.00$17.001850
0102$96.50$99.00—$500.0026.24%$17.20$18.2029783
0108$88.70$91.70—$510.0026.06%$19.90$20.901700
8352$81.30$85.50—$520.0026.06%$22.80$24.501250
096$74.50$78.80—$530.0025.90%$26.00$27.901070
0209$68.60$72.40—$540.0025.69%$29.40$31.501230
0195$62.70$65.60—$550.0025.45%$32.80$35.603580
0650$57.10$59.90—$560.0025.19%$36.80$39.602230
02,124$51.90$54.50—$570.0025.17%$42.10$43.8017728
2175$48.10$49.10—$580.0025.44%$46.70$50.402293
6109$42.30$44.5024.95%$590.00—$52.00$55.106308
183182$38.10$40.8024.97%$600.00—$57.90$62.201250
18306$35.10$36.3024.93%$610.00—$63.90$68.10180
151,772$31.00$32.5024.64%$620.00—$70.40$74.00380
3173$26.40$29.1024.17%$630.00—$77.30$82.6040
069$23.20$26.0024.00%$640.00—$84.50$90.10200
196$20.80$23.1023.96%$650.00—$92.10$97.50170
0223$18.50$20.5023.91%$660.00—$100.00$105.5060
0221$14.40$16.5023.91%$680.00—$116.20$122.5020

Forward $580.05. The 25-delta put carries +2.15 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.