Options Skew Analytics

MSCI 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 25.86%±54.90skew +3.71
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$135.60$142.80—$510.00—————
04$125.50$133.00—$520.00—————
05$116.40$123.00—$530.00—————
07$107.20$113.60—$540.00—————
021$97.40$104.00—$550.00—————
012$87.70$94.50—$560.0031.79%$1.65$2.651072
021$79.40$84.00—$570.0030.83%$2.40$3.20253
0137$70.50$76.00—$580.0029.42%$2.70$4.20472
0121$61.70$67.00—$590.0030.75%$4.20$7.00331
0185$52.20$59.00—$600.0029.39%$5.40$8.30841
023$45.00$51.00—$610.0028.41%$7.20$10.10251
031$37.80$44.00—$620.0027.68%$9.40$12.70794
1154$30.40$36.70—$630.0027.36%$12.40$16.20912
028$24.10$29.70—$640.0026.50%$15.50$20.00551
094$19.50$24.0026.05%$650.00—$20.10$24.3020
196$14.30$18.3024.82%$660.00—$24.70$29.4040
3133$12.10$13.8025.25%$670.00—$31.20$36.3010
218$7.50$11.5024.71%$680.00—————
—————$690.00—$44.60$50.9040
678$2.20$2.8524.42%$720.00—$71.20$78.2020
—————$760.00—$109.50$118.2010

Forward $649.55. The 25-delta put carries +3.71 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 27.32%±106.74skew +3.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
084$110.50$117.00—$550.0031.61%$9.30$12.10160
011$102.30$109.00—$560.0030.97%$11.10$13.30130
09$93.30$101.00—$570.0030.34%$13.00$14.8040
09$86.90$93.00—$580.0031.28%$14.90$20.3040
02$79.50$86.00—$590.0029.65%$17.30$19.9040
07$71.60$79.00—$600.0030.33%$19.90$25.50570
0150$65.30$71.00—$610.0028.98%$22.90$26.0010
09$58.80$65.70—$620.0028.65%$26.10$29.6030
011$52.50$59.60—$630.0028.35%$29.70$33.5010
016$47.50$52.80—$640.0027.91%$33.60$37.4010
0280$42.00$47.40—$650.00—————
022$36.30$42.7027.32%$660.00—$42.20$47.3050
06$32.40$38.2027.34%$670.00—$47.60$53.2010
06$27.70$32.9026.60%$680.00—————
07$23.30$29.6026.38%$690.00—————
012$20.30$25.8026.23%$700.00—$65.80$72.3010
05$18.50$22.7026.53%$710.00—————
01$14.40$19.8025.85%$720.00—$80.00$86.9010
01$12.30$17.2025.78%$730.00—————
093$10.20$14.5025.45%$740.00—————
014$9.20$13.4026.07%$750.00—————

Forward $654.67. The 25-delta put carries +3.87 volatility points over the 25-delta call.

2027-05-21(193 days)ATM 28.64%±137.15skew +4.54
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$112.40$119.00—$560.0031.70%$16.40$22.40—0
0—$105.10$112.00—$570.0030.85%$19.30$22.80—2
0—$97.90$105.00—$580.0031.49%$22.10$28.00—0
0—$91.00$98.00—$590.0031.01%$24.40$30.90—0
0—$84.00$91.00—$600.0030.54%$27.00$34.00—0
0—$77.50$85.00—$610.0030.28%$30.80$37.00—0
0—$72.00$78.70—$620.0030.07%$34.70$40.60—0
0—$66.20$72.70—$630.0029.85%$38.40$44.90—0
0—$60.90$66.90—$640.0029.62%$42.80$49.00—0
0—$55.80$61.40—$650.0029.28%$47.30$53.10—0
0—$49.90$56.2028.82%$660.00—$52.00$57.10—0
0—$46.00$51.2028.74%$670.00—$57.10$62.10—0
0—$41.10$46.5028.32%$680.00—$62.30$69.00—0
0—$37.40$42.2028.19%$690.00—$68.20$74.30—0
0—$33.60$38.4028.02%$700.00—$74.10$80.90—0
0—$29.80$34.6027.71%$710.00—$80.40$85.80—0
0—$27.10$31.2027.68%$720.00—$88.80$93.90—0
0—$23.90$28.2027.47%$730.00—$94.00$99.90—0
0—$19.80$25.7027.00%$740.00—$101.50$108.70—0
0—$17.70$23.3027.02%$750.00—$110.90$116.60—0
0—$15.30$21.3026.95%$760.00—$118.40$124.60—0

Forward $658.47. The 25-delta put carries +4.54 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.