Options Skew Analytics

MPC option chain

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

Data as of 9 November 2026 (end of day)

2026-11-20(11 days)ATM 56.47%±38.11skew +4.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
038$97.90$100.90—$290.00—————
012$87.80$91.10—$300.00—————
032$78.10$81.20—$310.00—————
039$68.30$71.20—$320.00—————
024$58.60$61.80—$330.0061.72%$0.80$1.3032320
148$49.30$52.20—$340.0061.38%$1.75$2.1018228
557$41.40$43.80—$350.0059.70%$2.90$3.3042280
113$32.20$35.70—$360.0058.67%$4.70$5.209127
4155$24.60$27.10—$370.0058.01%$7.30$8.0042043
1070$19.40$20.70—$380.0056.89%$10.80$11.5037112
58148$14.20$15.0056.52%$390.00—$15.40$16.3038019
521450$9.80$10.4055.22%$400.00—$21.00$21.8067724
528662$6.50$7.2054.90%$410.00—$27.20$28.704386
17235$4.10$4.8054.50%$420.00—$34.80$36.3049915
694,767$2.10$3.0052.70%$430.00—$43.00$45.808287
—————$440.00—$51.60$54.802610
142784$0.85$1.0553.44%$450.00—$61.00$64.202733
—————$460.00—$70.30$73.705424
—————$470.00—$80.10$83.401971
—————$480.00—$90.30$93.301240
—————$490.00—$100.00$103.20490

Forward $388.75. The 25-delta put carries +4.16 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 48.69%±62.09skew +3.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2269$99.30$102.30—$290.00—————
4138$89.70$92.90—$300.00—————
1183$80.60$84.20—$310.00—————
1108$71.80$75.00—$320.0053.93%$3.60$4.5030023
5229$63.10$66.50—$330.0053.55%$5.20$6.1077716
082$55.10$58.60—$340.0051.76%$6.90$7.5030516
0142$47.40$50.70—$350.0050.61%$9.00$9.70237110
071$40.40$43.30—$360.0050.33%$12.10$12.6015510
5312$33.60$36.70—$370.0049.86%$15.50$16.2061411
14360$29.30$30.90—$380.0049.37%$19.60$20.3054637
74307$24.40$25.30—$390.0049.02%$24.30$25.2029966
24844$19.80$20.6048.44%$400.00—$29.80$30.6092331
5207$15.90$16.9048.33%$410.00—$35.30$36.8034820
21325$12.50$13.4047.75%$420.00—$42.20$45.104267
49373$9.50$10.8047.39%$430.00—$49.40$52.40965
18391$7.40$8.4047.18%$440.00—$57.20$60.304470
59391$5.80$6.6047.33%$450.00—$65.20$68.402335
17138$4.60$5.2047.70%$460.00—$74.00$77.201400
16433$3.50$4.1047.85%$470.00—$83.00$86.201810
22148$2.85$3.2048.39%$480.00—$92.00$95.201050
63182$1.85$2.8048.52%$490.00—$101.50$104.608012

Forward $390.10. The 25-delta put carries +3.43 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 47.70%±80.02skew +2.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0200$101.90$104.90—$290.0052.01%$2.80$3.301566
371654$93.00$96.30—$300.0052.62%$3.90$5.00916
0199$84.50$87.30—$310.0051.48%$5.40$5.90964
0226$76.10$79.20—$320.0050.99%$7.00$7.701306
0726$68.50$71.20—$330.0050.16%$9.00$9.501,3974
8420$60.80$63.70—$340.0049.63%$11.40$11.90713
0132$53.80$56.70—$350.0049.26%$14.30$14.803,5152
0167$47.20$50.10—$360.0048.88%$17.60$18.202753
0165$42.10$44.00—$370.0048.47%$21.30$22.1023951
10509$36.90$38.50—$380.0048.31%$25.70$26.602,15813
9118$32.00$33.00—$390.0047.94%$30.40$31.5024153
11480$27.50$28.4047.69%$400.00—$35.80$37.0032223
5572$23.30$24.3047.34%$410.00—$41.90$43.00866
1486$19.90$20.6047.21%$420.00—$48.50$49.505644
13119$16.90$17.7047.36%$430.00—$54.80$57.30880
1138$14.10$14.9047.12%$440.00—$62.10$65.208620
45498$11.60$12.7047.02%$450.00—$69.80$73.00971
6243$9.60$10.6046.87%$460.00—$77.60$81.001340
77344$7.30$9.0046.31%$470.00—$86.20$89.403510
3217$6.60$7.5047.02%$480.00—$94.80$98.101390
5219$4.70$6.9046.93%$490.00—$103.50$107.00471

Forward $391.56. The 25-delta put carries +2.39 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 47.86%±112.21skew +2.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
068$108.70$112.20—$290.0052.52%$8.00$10.302910
042$100.70$104.10—$300.0051.95%$10.20$11.901,1898
149$93.70$96.10—$310.0051.53%$12.30$14.303441
130$86.20$89.00—$320.0051.42%$14.90$17.20380
024$79.00$82.00—$330.0051.26%$18.20$20.00530
050$72.70$75.50—$340.0050.12%$21.40$22.101041
598$65.90$68.70—$350.0049.65%$24.70$25.70580
076$60.00$62.80—$360.0049.69%$28.70$30.10940
0106$55.40$56.70—$370.0049.13%$32.90$34.00667
0378$49.40$51.50—$380.0048.98%$37.70$38.70601
537$44.20$47.40—$390.0048.51%$42.30$43.70510
4112$39.90$42.2048.00%$400.00—$48.00$49.90490
432$35.80$38.1047.85%$410.00—$53.70$54.90442
1238$31.90$34.3047.61%$420.00—$59.90$61.006450
8110$28.50$31.0047.59%$430.00—$66.30$67.902850
1142$25.40$27.7047.41%$440.00—$72.70$74.201930
14209$22.40$24.8047.19%$450.00—$79.70$81.301420
048$20.10$22.2047.25%$460.00—$87.40$90.10100
1077$18.00$19.8047.27%$470.00—$95.10$97.70712
588$15.90$17.9047.33%$480.00—$102.80$105.00240
264$14.00$15.8047.13%$490.00—$111.00$113.80510

Forward $392.84. The 25-delta put carries +2.99 volatility points over the 25-delta call.

2027-04-16(158 days)ATM 48.41%±125.25skew +2.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$111.80$114.90—$290.0051.21%$9.90$12.2050
02$104.00$106.90—$300.0050.77%$12.20$14.20160
038$97.00$99.80—$310.0050.61%$14.70$16.9050
04$89.80$92.60—$320.0050.83%$18.10$19.9081
026$83.00$85.90—$330.0050.30%$20.70$23.20170
03$76.60$79.80—$340.0050.20%$24.30$26.80190
026$70.60$73.40—$350.0050.02%$28.20$30.60540
0163$64.90$67.60—$360.0049.76%$32.30$34.70181
05$59.40$62.30—$370.0049.64%$36.70$39.40171
1060$55.20$57.40—$380.0049.20%$41.20$44.00640
526$49.50$52.40—$390.0049.11%$46.30$49.30240
020$45.10$47.9048.89%$400.00—$52.00$54.70220
314$40.90$43.4048.48%$410.00—$57.80$60.30140
07$37.00$39.7048.33%$420.00—$63.90$66.20180
121$33.50$35.9048.05%$430.00—$70.00$72.4060
16228$30.10$32.7047.86%$440.00—$76.40$79.30571
63620$27.40$29.5047.76%$450.00—$83.40$85.70270
30190$24.50$26.8047.58%$460.00—————
037$22.20$24.4047.63%$470.00—$98.10$100.40210
26142$19.70$22.1047.41%$480.00—$105.90$108.60220
070$18.20$19.9047.58%$490.00—$113.70$116.6090

Forward $393.21. The 25-delta put carries +2.72 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 47.45%±146.14skew +2.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0255$110.10$112.90—$300.0050.08%$16.80$19.001,6590
068$103.50$105.90—$310.0049.52%$20.00$21.008059
370373$97.00$99.60—$320.0049.43%$23.30$24.201621
057$90.50$93.00—$330.0049.30%$26.90$27.601281
031$84.50$87.60—$340.0049.00%$30.40$31.3024324
065$79.00$81.60—$350.0048.96%$34.50$35.501002
072$73.50$76.40—$360.0048.80%$38.80$39.80171
053$68.50$70.10—$370.0048.75%$43.50$44.50180
5108$63.50$66.10—$380.0048.68%$48.40$49.50730
5139$59.00$60.60—$390.0048.59%$53.60$54.70390
1123$55.10$57.5048.41%$400.00—$58.90$60.10620
8137$50.70$52.1047.61%$410.00—$64.90$66.40460
1320$46.50$48.3047.36%$420.00—$70.90$71.905642
042$43.00$45.4047.58%$430.00—$77.20$78.901980
555$40.60$41.4047.61%$440.00—$83.50$84.801540
3178$37.60$38.6047.71%$450.00—$90.30$92.90360
054$33.50$35.4047.00%$460.00—$97.40$98.60330
084$31.60$32.8047.32%$470.00—$104.10$105.8090
829$28.00$30.6046.92%$480.00—$111.80$114.80100
330$27.30$27.9047.42%$490.00—$119.50$122.3020
106161$24.40$25.8047.06%$500.00—$127.00$130.20440

Forward $396.72. The 25-delta put carries +2.25 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 48.23%±177.95
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
049$118.70$122.10—$300.0049.32%$23.40$25.101360
—————$310.0048.69%$26.70$27.40650
01$106.50$109.90—$320.0048.75%$30.30$31.305820
08$100.50$103.70—$330.0048.50%$33.90$35.001720
016$95.00$98.10—$340.0048.55%$38.00$39.401380
09$89.50$92.90—$350.0048.36%$42.60$43.205510
029$84.50$87.50—$360.0048.38%$47.00$48.201460
—————$370.0048.41%$52.00$53.102060
04$75.00$77.50—$380.0048.31%$56.30$58.802880
04$70.50$73.80—$390.0048.15%$61.50$63.90270
04$66.10$68.8048.20%$400.00—$67.20$69.5020
02$62.00$65.1048.16%$410.00—$73.50$75.20140
020$59.30$60.6048.19%$420.00—$79.30$81.20150
09$55.70$57.2048.15%$430.00—$85.70$87.20100
03$52.60$54.0048.23%$440.00—$91.70$94.50350
0541$49.20$50.6048.01%$450.00—$98.50$100.901330
028$46.10$47.6047.92%$460.00—$105.50$107.80200
012$42.90$44.9047.78%$470.00—$112.30$115.00100
075$40.30$42.1047.70%$480.00—$119.40$122.30250
025$37.40$39.8047.59%$490.00—$126.60$129.70750
1329$35.00$37.4047.52%$500.00—$134.10$137.501110

Forward $399.07. Not enough surviving quotes on both wings to measure the skew here.

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.