Options Skew Analytics

MS 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 40.95%±8.04skew +3.56
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
20$51.90$54.40—$135.00—————
500$46.95$49.40—$140.00—————
580$41.65$44.40—$145.00—————
83$36.80$39.40—$150.00—————
053$16.65$19.55—$170.00—————
01$14.65$16.60—$172.5049.31%$0.15$0.2512244
01$12.40$14.70—$175.0047.43%$0.25$0.40562506
124$10.15$12.40—$177.5045.90%$0.44$0.6331079
18145$8.15$9.60—$180.0043.46%$0.68$0.95924171
17149$6.20$6.70—$182.5042.13%$1.13$1.48522124
56570$4.65$4.95—$185.0042.37%$1.96$2.319411,047
49277$3.10$3.50—$187.5041.12%$2.98$3.30256135
217506$1.95$2.2739.86%$190.00—$4.20$4.6522121
128509$1.13$1.3338.56%$192.50—$5.75$6.251212
3551,027$0.57$0.7837.95%$195.00—$6.65$8.55151
—————$197.50—$8.50$10.601910
—————$200.00—$10.90$13.25330
87197$0.02$0.0739.22%$205.00—————
—————$222.50—$33.20$35.7504
—————$225.00—$35.70$38.20030
—————$230.00—$40.70$43.05026

Forward $187.66. The 25-delta put carries +3.56 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 35.25%±11.50skew +3.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$32.20$34.65—$155.00—————
013$27.35$29.75—$160.00—————
054$22.60$24.30—$165.00—————
01$20.05$22.40—$167.50—————
649$17.75$20.10—$170.0043.15%$0.46$0.675,52549
22$15.50$17.80—$172.5041.84%$0.68$0.8633017
4149$13.15$15.55—$175.0040.55%$0.94$1.152,675378
1124$11.35$13.20—$177.5039.34%$1.27$1.56973112
29743$9.25$10.05—$180.0037.42%$1.68$1.972,08688
53511$7.55$8.05—$182.5037.09%$2.38$2.70811113
1954,741$6.00$6.45—$185.0036.43%$3.25$3.552,645570
194250$4.60$5.00—$187.5035.51%$4.30$4.55455391
7904,029$3.45$3.6534.68%$190.00—$5.60$5.951,944246
3791,288$2.41$2.7434.31%$192.50—$6.00$7.5011010
854,033$1.65$1.9333.82%$195.00—$8.75$9.209445
451,857$1.06$1.3133.22%$197.50—$9.80$11.6040
3746,894$0.68$0.8232.68%$200.00—$12.65$13.101,19818
14261$0.36$0.5532.22%$202.50—$13.55$16.0520
1581,395$0.24$0.3532.59%$205.00—$15.90$18.15110
—————$210.00—$20.70$23.206380
—————$220.00—$30.70$33.203780

Forward $187.88. The 25-delta put carries +3.60 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 32.71%±13.66skew +4.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$37.25$39.85—$150.00—————
0—$25.00$27.65—$162.50—————
0—$20.40$22.65—$167.50—————
02$18.25$20.50—$170.00—————
0—$15.95$18.30—$172.5036.47%$0.82$1.33—1
03$13.70$16.20—$175.0036.44%$1.34$1.686462
0—$11.90$14.15—$177.5034.74%$1.51$2.21—3
1212$10.05$10.85—$180.0034.36%$2.37$2.59211297
0—$8.25$9.10—$182.5032.26%$2.52$3.45—2
63281$6.90$7.30—$185.0033.01%$3.90$4.251716
12—$5.35$6.10—$187.5032.97%$4.90$5.55—1
58106$4.20$4.6532.10%$190.00—$6.20$6.701705
10—$2.98$3.7531.58%$192.50—$7.30$8.35—0
19607$2.29$2.6630.98%$195.00—$9.00$9.951090
4—$1.55$1.9630.35%$197.50—$9.70$11.85—0
20293$1.11$1.3429.98%$200.00—$11.65$14.05850
0—$0.70$1.0630.18%$202.50—$13.85$16.15—0
—————$205.00—$16.10$18.4550
—————$207.50—$18.45$20.65—0
—————$210.00—$20.85$23.2010
57$0.01$0.0253.55%$265.00—————

Forward $188.00. The 25-delta put carries +4.01 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 32.25%±15.88skew +5.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$160.0043.22%$0.50$0.832590
—————$170.0037.38%$1.22$1.48103745
282$14.65$15.70—$175.0035.73%$1.97$2.2723135
18130$10.95$11.65—$180.0034.39%$3.10$3.505562
218$7.90$8.40—$185.0032.60%$4.70$5.05269
319$5.25$5.6532.11%$190.00—$7.05$7.502966
0135$3.15$3.4530.65%$195.00—$9.15$10.558170
32120$1.72$2.0229.79%$200.00—$12.90$14.35361
21447$0.86$1.3630.32%$205.00—$16.35$18.7510
—————$210.00—$20.95$23.4010
75$0.01$0.0249.69%$275.00—————
65$0.01$0.0251.79%$280.00—————

Forward $188.17. The 25-delta put carries +5.94 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 32.37%±18.06skew +4.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
50$77.05$79.95—$110.00—————
—————$170.0036.26%$1.39$2.06510
—————$175.0034.67%$2.08$3.0590
10$11.65$12.70—$180.0033.13%$3.20$4.30130
125$8.70$9.50—$185.0032.89%$5.25$6.05330
20$6.00$6.8532.27%$190.00—$7.70$8.3060
15187$3.90$4.7031.49%$195.00—$10.15$11.5020
1198$2.30$2.9830.36%$200.00—$13.75$14.9505
2222$1.31$1.7429.53%$205.00—$16.70$18.9530

Forward $188.42. The 25-delta put carries +4.31 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 31.81%±19.59skew +4.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$87.00$89.85—$100.00—————
04$82.30$84.85—$105.00—————
057$62.30$64.70—$125.00—————
016$57.35$59.75—$130.00—————
013$52.45$55.15—$135.00—————
0511$47.80$50.25—$140.00—————
0157$43.05$45.40—$145.00—————
02,381$38.25$40.60—$150.00—————
0101$33.55$35.75—$155.0040.12%$0.51$0.832,95614
141,294$29.00$30.05—$160.0038.49%$0.77$1.2110,50811
2127$24.30$26.50—$165.0037.06%$1.20$1.741,32913
0382$20.05$22.35—$170.0036.19%$2.13$2.343,474191
0473$15.95$18.30—$175.0034.95%$3.05$3.402,46215
19850$12.70$13.40—$180.0033.48%$4.40$4.601,99260
36676$9.60$9.90—$185.0032.65%$6.20$6.451,651135
1001,609$6.85$7.2031.71%$190.00—$8.35$8.851,19648
641,169$4.65$5.0530.89%$195.00—$11.25$11.651,6989
47016,023$3.00$3.3029.99%$200.00—$13.40$15.252,39110
7122,172$1.07$1.3729.30%$210.00—$22.80$23.601,0856
295,546$0.32$0.5229.13%$220.00—$30.85$33.151020
—————$230.00—$40.65$43.302753

Forward $188.42. The 25-delta put carries +4.96 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 31.72%±21.04skew +4.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$165.0036.85%$1.37$2.0902
11$20.60$22.80—$170.00—————
—————$175.0034.26%$2.86$4.0501
217$13.20$14.20—$180.0033.24%$4.15$5.5090
08$9.85$11.10—$185.00—————
21$7.30$8.4031.74%$190.00—————
11$5.10$6.1531.05%$195.00—————
04$3.25$4.4030.21%$200.00—————
—————$205.00—$17.25$19.65371
90$1.23$1.8328.82%$210.00—————

Forward $188.92. The 25-delta put carries +4.04 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 31.62%±25.65skew +5.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0244$67.80$70.65—$120.00—————
0629$62.90$65.75—$125.00—————
0495$58.15$60.45—$130.00—————
4415$53.50$56.05—$135.0043.60%$0.33$0.499434
01,634$48.75$51.25—$140.0042.52%$0.53$0.662,01313
0659$44.35$46.45—$145.0040.74%$0.67$0.903,8623
01,464$39.40$41.80—$150.0039.90%$1.11$1.162,566127
0703$34.65$37.25—$155.0037.97%$1.27$1.641,835335
11,123$30.50$32.90—$160.0038.09%$2.12$2.292,7667
0147$26.10$28.65—$165.0036.98%$2.85$3.052,25376
0694$22.35$24.60—$170.0035.68%$3.75$3.952,654162
1633$18.45$20.80—$175.0034.85%$4.95$5.253,22643
8949$15.35$16.65—$180.0033.87%$6.45$6.753,62521
301,373$12.35$12.85—$185.0033.15%$8.35$8.652,080149
721,950$9.70$10.1031.80%$190.00—$10.00$11.102,560237
2032,629$7.35$7.8031.12%$195.00—$13.20$13.751,2731
3846,362$5.45$5.8530.51%$200.00—$15.65$16.902,8880
2443,393$2.73$3.0029.34%$210.00—$22.30$24.459300
3325,843$1.17$1.3128.09%$220.00—$31.05$33.356680
32,608$0.52$0.6128.18%$230.00—$40.80$43.3520
83,666$0.20$0.2928.30%$240.00—$50.65$53.3050

Forward $189.35. The 25-delta put carries +5.50 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.