Options Skew Analytics

NEM option chain

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

Data as of 23 September 2026 (end of day)

2026-09-25(2 days)ATM 50.74%±4.64skew +2.75
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
22$8.80$11.60—$114.00—————
062$8.35$10.40—$115.00—————
020$6.20$9.55—$116.00—————
014$5.70$8.40—$117.00—————
025$5.05$6.55—$118.00—————
017$4.15$5.65—$119.0045.71%$0.21$0.3310440
78114$3.60$4.40—$120.0046.55%$0.35$0.5636665
1558$3.00$4.15—$121.0047.68%$0.55$0.9013120
1028$2.33$3.00—$122.0046.49%$0.84$1.1741116
25213$1.75$2.69—$123.0052.33%$1.24$2.0012137
5870$1.26$1.9849.60%$124.00—————
61429$0.93$1.1645.00%$125.00—$2.36$2.84839
18354$0.57$0.8844.93%$126.00—$3.05$4.001852
—————$127.00—$3.80$4.30600
—————$128.00—$3.95$5.50809
—————$129.00—$4.90$7.15512
—————$130.00—$5.60$8.05590
43379$0.07$0.1247.86%$131.00—$6.55$9.001170
25264$0.06$0.0749.13%$132.00—$7.40$9.952270
31118$0.03$0.0751.35%$133.00—$8.50$10.9011
1477$0.01$0.0551.48%$134.00—$9.60$11.901371

Forward $123.60. The 25-delta put carries +2.75 volatility points over the 25-delta call.

2026-10-02(9 days)ATM 41.76%±8.12skew -0.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$8.90$11.25—$114.00—————
013$8.50$10.50—$115.0042.62%$0.42$0.6522039
04$6.80$9.25—$116.00—————
03$6.55$8.70—$117.00—————
134$6.15$7.35—$118.0041.69%$0.96$1.14182
02$5.55$6.40—$119.00—————
035$5.05$5.80—$120.0043.58%$1.50$1.9814626
137$4.40$5.10—$121.0042.19%$1.89$2.1075
1511$3.40$4.75—$122.0044.22%$2.27$2.822923
218$3.30$4.00—$123.0043.58%$2.74$3.15151
765$2.80$3.5541.71%$124.00—$2.84$3.7560
5751$2.36$3.2042.50%$125.00—$3.85$4.25605
209101$1.97$2.6141.44%$126.00—$3.80$4.9060
132$1.71$1.9640.15%$127.00—$5.10$5.50260
281$1.38$1.7140.48%$128.00—$5.20$6.6050
214$1.18$1.6042.27%$129.00—$6.55$7.053842
1502,205$0.97$1.3642.53%$130.00—$6.70$8.70900
165$0.78$1.1742.85%$131.00—$7.35$9.8050
—————$132.00—$8.25$10.60160
—————$133.00—$8.90$11.50110
—————$134.00—$9.90$12.4030

Forward $123.88. The 25-delta put carries -0.84 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 39.20%±10.14skew -1.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$114.0041.34%$0.77$1.18360
023$8.75$10.80—$115.0037.57%$0.78$1.06400
03$7.45$10.05—$116.0038.03%$1.00$1.3271
01$7.15$9.10—$117.0039.07%$1.38$1.5934
33$6.90$8.30—$118.0037.86%$1.44$1.8993
02$6.60$7.50—$119.0039.10%$1.98$2.20141
119$5.65$6.95—$120.0039.19%$2.33$2.58336
03$5.35$5.65—$121.0039.19%$2.72$2.9840
12$4.45$5.15—$122.0039.09%$3.15$3.40261
35$4.25$4.55—$123.0038.86%$3.60$3.85130
27$3.50$4.1539.21%$124.00—$4.15$4.40250
669$3.40$3.6540.64%$125.00—$4.70$5.10110
140$2.80$3.2539.74%$126.00—$5.30$5.55150
020$2.53$2.8640.17%$127.00—$5.95$6.3020
413$2.20$2.5740.46%$128.00—$6.50$6.8510
014$1.96$2.3041.01%$129.00—$6.55$8.5010
41,238$1.75$1.9641.03%$130.00—$8.00$8.60121
1136$1.44$1.7440.83%$131.00—$8.05$10.3010
154$1.31$1.5241.39%$132.00—$8.90$11.25110
017$1.12$1.3441.56%$133.00—$9.65$12.0540
15$0.79$1.2240.83%$134.00—————

Forward $123.55. The 25-delta put carries -1.76 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 40.39%±12.54skew -1.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
120$10.05$12.00—$114.00—————
6716$9.75$11.15—$115.0039.48%$1.51$1.687,669192
—————$116.0039.68%$1.66$2.0951
—————$117.0039.86%$1.79$2.58171
—————$118.0040.44%$2.34$2.80024
15$7.05$8.50—$119.0039.73%$2.72$2.9709
602,553$6.70$7.75—$120.0039.48%$3.10$3.303,233288
—————$121.0040.40%$3.35$4.10112
23$5.35$6.60—$122.0039.37%$3.95$4.15013
8318$5.15$5.50—$123.0040.13%$4.30$4.95169
1131$4.65$5.0040.42%$124.00—$4.75$5.603119
3045,246$4.20$4.5040.24%$125.00—$5.45$5.751,88219
617$3.75$4.1540.40%$126.00—$5.95$7.15100
1378$3.15$4.0540.74%$127.00—$6.10$7.75130
733$3.05$3.8042.31%$128.00—————
32119$2.79$3.1041.09%$129.00—$7.90$9.0040
812,758$2.50$2.7540.98%$130.00—$8.05$9.706923
018$2.17$2.4940.86%$131.00—————
021$1.99$2.2341.22%$132.00—————
024$1.48$2.2040.87%$133.00—————
933$1.44$2.0341.99%$134.00—————

Forward $123.65. The 25-delta put carries -1.19 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 43.36%±15.37skew -3.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$114.0041.14%$1.70$2.36100
01$9.80$12.30—$115.0041.00%$1.93$2.65205
01$9.95$11.70—$116.0040.36%$2.03$3.0070
01$9.70$10.90—$117.0040.58%$2.28$3.4560
—————$118.0040.65%$2.85$3.6020
—————$119.0039.48%$2.85$4.0561
06$7.75$8.20—$120.0042.26%$4.05$4.40365
04$7.15$7.75—$121.0042.71%$4.50$4.9580
28683$6.50$7.45—$122.0042.24%$4.95$5.30190
246$6.05$6.95—$123.0042.47%$5.45$5.85140
010$5.55$6.3043.23%$124.00—$5.95$6.6040
133$5.15$5.8543.42%$125.00—$6.55$6.90194
—————$126.00—$7.10$7.5580
1067$4.40$5.0043.62%$127.00—$7.70$8.2570
15$3.65$4.8042.92%$128.00—$8.35$8.8520
1636$3.85$4.2544.23%$129.00—$8.55$9.45170
176$3.50$4.1545.04%$130.00—$9.70$10.05480
061$2.68$3.8543.15%$131.00—$9.85$10.9510
18$2.80$3.3043.72%$132.00—$10.25$12.85300
01$2.32$3.2543.75%$133.00—————
07$2.15$3.0544.29%$134.00—————

Forward $123.65. The 25-delta put carries -3.29 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 45.28%±17.86skew +0.75
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$114.0046.53%$2.44$3.8510
—————$115.0043.89%$2.69$3.5567
—————$116.0043.69%$3.00$3.8503
09$9.20$11.65—$117.0044.74%$3.55$4.30120
—————$118.0044.35%$3.25$5.2590
20$9.30$10.20—$119.00—————
22$8.80$9.65—$120.0046.00%$4.70$5.952520
20$7.95$9.40—$121.0046.64%$5.10$6.6550
561$7.60$8.60—$122.0044.53%$5.05$7.0020
961$7.20$8.10—$123.0046.17%$5.70$7.85150
4214$6.70$7.6546.19%$124.00—————
013$5.90$7.2545.26%$125.00—$6.85$8.5532
—————$126.00—$7.40$8.8510
13$5.40$6.3546.20%$127.00—————
05$4.15$6.6045.51%$128.00—$8.95$10.3520
02$4.00$5.5043.85%$129.00—————
041$4.35$4.8545.16%$130.00—$9.80$11.7550
211$4.05$4.8046.20%$131.00—————
21$3.50$4.7046.13%$132.00—————
—————$133.00—$11.90$13.05100
01$3.00$3.9545.78%$134.00—$12.55$15.0002

Forward $123.88. The 25-delta put carries +0.75 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 43.50%±21.55skew -2.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$42.65$45.65—$80.00—————
02$29.25$30.90—$95.0043.74%$0.40$0.606216
2013$23.75$26.30—$100.0043.05%$0.86$0.99388254
26$20.25$20.95—$105.0043.12%$1.56$1.802,42841
622$16.15$18.05—$110.0042.84%$2.68$2.83490185
084$13.40$14.65—$115.0042.88%$4.20$4.40308167
27224$10.45$10.80—$120.0043.51%$6.25$6.60366311
145364$8.05$8.3543.44%$125.00—$8.70$9.1027919
78463$6.15$6.4043.97%$130.00—$11.90$12.1527420
25692$4.60$4.8544.35%$135.00—$15.10$17.053890
132602$3.45$3.6544.91%$140.00—$18.95$20.85470
29682$2.55$2.7145.32%$145.00—$22.30$24.50170
40705$1.91$2.0145.92%$150.00—$26.85$28.80180
7295,556$1.41$1.5046.48%$155.00—————
3182$0.89$1.3047.22%$160.00—————
—————$170.00—$44.65$48.0510

Forward $124.30. The 25-delta put carries -2.48 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 43.82%±26.40skew -2.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0233$40.40$43.15—$82.50—————
01,701$38.05$40.75—$85.00—————
097$35.65$38.30—$87.50—————
0258$33.30$35.95—$90.0042.81%$0.49$0.653,1151
188$31.25$33.85—$92.5042.88%$0.67$0.908740
11,025$29.05$31.45—$95.0042.61%$0.89$1.164,3043
0149$26.85$29.30—$97.5043.33%$1.15$1.707821
0467$24.70$27.05—$100.0042.25%$1.59$1.802,27150
1511$20.80$23.10—$105.0042.36%$2.60$2.841,81441
61,835$17.80$19.50—$110.0042.44%$3.95$4.251,79320
5685$14.90$16.25—$115.0042.42%$5.75$5.953,7642,533
271,880$12.25$12.55—$120.0043.05%$7.85$8.4595939
7776$9.70$10.2543.65%$125.00—$10.45$11.251,70622
282,001$7.90$8.2044.05%$130.00—$13.05$14.451,3878
522,859$6.30$6.6044.43%$135.00—$16.40$18.402871
2,9175,407$5.00$5.2544.72%$140.00—$19.70$21.703330
4527$3.65$4.2544.50%$145.00—$24.05$25.95141
441,153$3.10$3.4045.64%$150.00—$27.95$29.703080
4477$2.46$2.6846.01%$155.00—$32.15$34.65400
11,358$2.02$2.1646.80%$160.00—————
23,296$1.61$1.8047.55%$165.00—$41.10$43.1010

Forward $124.12. The 25-delta put carries -2.06 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.