Options Skew Analytics

NEM 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 48.46%±6.38skew +0.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
361$11.50$13.05—$114.00—————
14561$10.20$11.80—$115.00—————
397$9.55$11.25—$116.0052.34%$0.16$0.25329
52143$8.55$10.05—$117.00—————
5396$7.45$9.40—$118.0052.01%$0.34$0.454231
54272$6.80$8.35—$119.00—————
18412$6.05$7.55—$120.0051.17%$0.54$0.842638
163339$4.90$6.70—$121.0049.89%$0.72$1.005571
276433$4.55$4.90—$122.0048.44%$0.80$1.321651
18108$3.90$4.30—$123.0049.69%$1.24$1.62821
66208$3.25$3.60—$124.0050.82%$1.58$2.1418114
185581$2.67$3.05—$125.0049.96%$2.15$2.35289
1391,245$2.24$2.6148.36%$126.00—$2.39$2.931056
5488$1.77$2.0847.27%$127.00—$3.05$3.50012
3213$1.35$1.6946.80%$128.00—$3.65$4.1005
11686$1.11$1.4248.22%$129.00—————
279180$0.90$1.0848.17%$130.00—$5.00$5.70011
1250$0.61$0.8547.24%$131.00—————
10219$0.46$0.6947.91%$132.00—————
—————$135.00—$8.25$9.9510
—————$138.00—$11.15$13.60015

Forward $125.76. The 25-delta put carries +0.27 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 44.02%±9.62skew +1.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
791,450$10.65$12.05—$115.0047.79%$0.59$0.801,674148
2187$9.95$11.80—$116.00—————
388676$9.40$11.25—$117.0043.97%$0.66$1.007214
7513$8.45$10.40—$118.0045.26%$0.96$1.245514
4151$7.50$9.80—$119.0045.23%$1.20$1.461193
951,240$7.20$7.60—$120.0045.37%$1.50$1.711,12823
491$6.40$6.90—$121.0044.14%$1.60$2.03323
734$5.35$7.50—$122.0043.57%$1.84$2.3733
177132$5.10$5.60—$123.0043.84%$2.25$2.7503
144209$4.45$5.70—$124.0043.55%$2.58$3.20024
3431,727$4.00$4.50—$125.0043.60%$3.05$3.651,04141
8457$3.55$4.0043.90%$126.00—————
19106$3.10$3.6044.30%$127.00—$4.10$4.7501
1523$2.71$3.1044.00%$128.00—$4.60$5.3080
1510$2.31$2.7644.12%$129.00—$5.35$6.00100
1701,593$1.97$2.3043.40%$130.00—$5.90$6.60420
5167$1.65$2.1744.41%$131.00—————
8395$1.46$1.7043.63%$132.00—————
421$1.20$1.5644.18%$133.00—————
1—$0.99$1.5045.35%$134.00—$8.20$10.50—0
2243,682$0.84$1.1144.02%$135.00—$9.05$11.30357

Forward $125.90. The 25-delta put carries +1.18 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 41.41%±11.57skew -0.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
021$11.90$13.50—$114.00—————
0136$11.35$13.15—$115.0041.25%$0.78$1.13261
016$10.20$12.40—$116.0041.35%$1.02$1.2847
032$9.35$11.30—$117.0039.67%$0.94$1.53123
225$8.60$10.60—$118.0040.90%$1.40$1.74101
186$8.30$9.85—$119.00—————
15109$7.60$8.25—$120.0040.77%$1.92$2.341262
054$6.95$7.40—$121.00—————
1744$6.15$6.95—$122.0039.89%$2.43$3.05737
653$5.80$6.50—$123.0041.63%$3.15$3.5020
037$5.20$6.45—$124.00—————
1983$4.75$5.25—$125.0040.61%$3.85$4.40110
3229$4.25$4.7541.45%$126.00—$4.50$4.9501
10844$3.75$4.3041.27%$127.00—$4.55$5.500100
5178$3.35$4.5544.42%$128.00—$5.45$6.1010
3181$3.00$3.5041.61%$129.00—$6.10$6.75100
16303$2.66$3.0041.02%$130.00—$6.75$7.3010
3—$1.80$2.5240.53%$132.00—$7.45$9.70—0
—————$133.00—$8.95$9.65—0
—————$134.00—$9.05$10.50—0
6612$1.34$1.7141.53%$135.00—————

Forward $125.77. The 25-delta put carries -0.63 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 40.59%±13.39skew +0.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$12.35$14.55—$114.00—————
415$11.80$13.95—$115.0041.82%$1.26$1.6745
09$10.75$12.85—$116.0041.64%$1.46$1.89015
09$10.05$12.10—$117.0041.64%$1.71$2.141108
1116$9.55$11.30—$118.0040.87%$1.82$2.421123
046$9.00$9.70—$119.00—————
625$8.35$9.55—$120.0041.44%$2.52$3.1011
410$7.70$9.15—$121.00—————
0110$7.20$7.80—$122.0041.02%$3.05$3.95121
06$6.60$7.15—$123.00—————
446$6.05$6.70—$124.0041.17%$3.90$4.8502
1141$5.55$6.25—$125.0041.57%$4.50$5.3006
5217$5.05$5.90—$126.0041.35%$4.95$5.8002
35$4.60$5.2040.52%$127.00—————
103$4.15$5.0041.37%$128.00—————
815$3.45$3.8540.31%$130.00—————
33$3.10$3.6540.93%$131.00—————
0—$2.65$3.3040.33%$132.00—$8.25$9.70—0
3—$2.47$3.0541.05%$133.00—$9.00$10.95—0
4—$2.13$2.7840.82%$134.00—$10.25$11.00—0
100$1.99$2.4040.77%$135.00—————

Forward $126.10. The 25-delta put carries +0.09 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 40.37%±15.08skew +1.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$12.15$14.35—$115.0042.41%$1.67$2.3701
01$11.40$14.30—$116.00—————
03$10.70$13.15—$117.0042.30%$2.15$2.9510
014$10.30$11.35—$118.0041.77%$2.48$3.10134
03$9.70$10.55—$119.00—————
817$9.00$10.55—$120.0041.81%$2.90$4.0511
81$8.25$9.20—$121.0039.82%$2.96$4.2010
75$7.85$8.70—$122.0046.73%$3.75$6.1530
2010$7.30$8.70—$123.00—————
481$6.80$7.50—$124.0041.20%$4.45$5.6501
4913$6.30$7.10—$125.0042.19%$5.10$6.25012
482$5.75$6.75—$126.0041.63%$5.50$6.7002
443$5.15$6.0540.39%$127.00—————
81$4.90$5.3540.15%$128.00—————
05$4.50$5.7542.95%$129.00—————
4517$3.90$4.8040.33%$130.00—————
20$3.65$4.7541.82%$131.00—————
0—$3.25$4.6542.49%$132.00—$9.25$10.10—0
22—$2.90$3.7540.32%$133.00—$9.50$10.80—0
0—$2.73$3.7041.69%$134.00—$10.10$12.50—0
140$2.51$3.0540.51%$135.00—————

Forward $126.15. The 25-delta put carries +1.79 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 41.50%±17.08skew +0.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
5633$45.15$47.50—$80.00—————
0231$42.65$44.90—$82.50—————
01,570$40.20$42.40—$85.00—————
092$37.75$39.75—$87.5047.82%$0.03$0.081,22170
24300$35.25$37.65—$90.00—————
085$32.80$34.95—$92.50—————
41,021$30.65$32.20—$95.0046.84%$0.20$0.234,769389
8160$28.00$30.00—$97.5044.69%$0.20$0.3294748
36422$25.65$27.85—$100.0045.17%$0.36$0.485,06797
28503$21.15$23.05—$105.0044.66%$0.69$1.023,05356
171,786$17.05$17.90—$110.0042.42%$1.31$1.534,478695
662,486$13.15$13.90—$115.0041.99%$2.40$2.624,9851,096
1453,222$9.70$10.55—$120.0041.23%$3.85$4.251,323503
2314,332$7.10$7.40—$125.0041.72%$6.25$6.452,434298
1,1812,405$4.90$5.0541.09%$130.00—$9.00$9.201,39838
2533,942$3.20$3.4540.98%$135.00—$11.40$12.902852
1655,437$2.08$2.2441.02%$140.00—$15.10$16.6511610
523529$1.28$1.4741.22%$145.00—$18.90$21.7030
211,345$0.76$0.9341.30%$150.00—$23.80$25.55400
3465$0.48$0.5941.90%$155.00—$28.25$30.80020
331,206$0.30$0.3442.08%$160.00—————

Forward $125.90. The 25-delta put carries +0.97 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 39.56%±17.58skew +0.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$15.15$17.25—$112.00—————
22$12.60$15.65—$115.0040.96%$2.18$3.0501
05$11.30$13.80—$117.0040.39%$2.45$3.8001
10$10.15$12.55—$119.00—————
21$10.10$11.25—$120.0042.18%$3.90$5.0002
1420$9.50$10.45—$121.0038.99%$3.40$5.2510
1560$8.70$10.15—$122.00—————
240$8.30$9.65—$123.00—————
101$7.85$9.35—$124.00—————
150$7.35$8.00—$125.00—————
80$6.90$8.40—$126.0042.00%$6.50$7.7502
11$5.95$7.6539.84%$127.00—————
11$5.70$6.9039.54%$128.00—————
90$5.50$6.6540.69%$129.00—————
11$5.05$6.3040.72%$130.00—————
31$4.10$5.7038.47%$131.00—————
0—$4.05$5.4039.55%$132.00—$9.60$11.45—0
1—$4.00$5.4541.57%$133.00—$10.80$11.95—0
37—$3.35$4.9039.94%$134.00—$11.00$12.50—0
40$3.40$4.0539.36%$135.00—————
30$2.19$2.8739.77%$140.00—————

Forward $126.53. The 25-delta put carries +0.63 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 40.45%±21.94skew +0.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
25,931$40.60$42.85—$85.00—————
0236$38.20$40.25—$87.50—————
61,407$35.80$37.90—$90.00—————
0203$33.40$35.55—$92.50—————
31,060$31.50$32.75—$95.0043.41%$0.45$0.623,8499
0273$28.70$30.85—$97.5043.15%$0.60$0.8593030
222,674$26.70$28.15—$100.0042.70%$0.85$1.056,09858
301,423$22.10$23.45—$105.0042.72%$1.61$1.738,43632
1353,869$18.50$19.50—$110.0041.56%$2.41$2.692,50442
403,102$14.75$16.25—$115.0040.95%$3.65$4.054,19148
426,574$11.80$12.25—$120.0041.44%$5.70$5.85821113
2312,759$9.20$10.05—$125.0041.37%$7.95$8.152,809120
6936,171$7.05$7.2540.21%$130.00—$10.70$10.8556634
1172,289$5.25$5.4540.22%$135.00—$13.05$14.1580011
3354,094$3.80$4.0040.06%$140.00—$16.45$18.452831
970800$2.74$2.9940.38%$145.00—$20.40$22.80310
974,363$1.97$2.1540.53%$150.00—$24.60$26.90400
34580$1.26$1.7741.09%$155.00—————
122,494$0.97$1.2141.42%$160.00—$33.65$36.05400
2755$0.63$0.9741.97%$165.00—$38.15$40.80200
22,389$0.46$0.6842.25%$170.00—————

Forward $126.59. The 25-delta put carries +0.57 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.