Options Skew Analytics

NKE 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 41.49%±1.74skew +1.75
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
338$5.30$5.75—$34.50—————
631,653$4.95$5.25—$35.00—————
28$4.35$4.75—$35.50—————
108699$4.00$4.20—$36.0052.63%$0.01$0.0357060
27104$3.45$3.70—$36.5048.71%$0.02$0.0332847
163785$3.05$3.20—$37.0047.98%$0.04$0.051,507133
14957$2.57$2.71—$37.5046.00%$0.06$0.082,366158
883,815$2.09$2.22—$38.0044.81%$0.11$0.122,498320
194967$1.72$1.79—$38.5043.28%$0.17$0.191,711910
5812,212$1.35$1.40—$39.0042.80%$0.27$0.31802270
5111,201$1.00$1.05—$39.5041.98%$0.43$0.456461,017
4,5877,430$0.73$0.76—$40.0041.66%$0.63$0.671,3111,604
1,3733,297$0.48$0.5340.93%$40.50—$0.90$0.95263146
3,3802,819$0.31$0.3540.77%$41.00—$1.22$1.303,055260
665617$0.20$0.2241.05%$41.50—$1.60$1.66353
8772,888$0.12$0.1340.97%$42.00—$1.93$2.2083
1555$0.07$0.0942.23%$42.50—————
402449$0.04$0.0542.34%$43.00—$2.92$3.651250
6520$0.02$0.0342.67%$43.50—$3.30$3.8002
64623$0.01$0.0243.71%$44.00—$3.80$4.35712
—————$45.00—$4.80$5.30018

Forward $40.10. The 25-delta put carries +1.75 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 51.87%±3.61skew +1.54
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
039$5.10$6.05—$34.5056.80%$0.09$0.1171124
2717,539$5.10$5.45—$35.0056.31%$0.13$0.1418,869170
2053$4.60$5.00—$35.5054.97%$0.16$0.184,748130
10695$4.15$4.40—$36.0054.13%$0.21$0.231,112355
151158$3.70$4.05—$36.5053.79%$0.28$0.30569335
32674$3.40$3.60—$37.0053.35%$0.36$0.398962,251
30722,577$3.00$3.25—$37.5053.23%$0.47$0.5014,76080
437,653$2.65$2.77—$38.0052.79%$0.60$0.624,778240
892,838$2.32$2.42—$38.5052.65%$0.75$0.7810,951226
1,1294,257$2.05$2.08—$39.0052.67%$0.93$0.975,300146
30—$1.76$1.79—$39.5052.26%$1.13$1.17—25
4,40131,584$1.49$1.52—$40.0052.14%$1.36$1.4112,446397
75—$1.25$1.2751.72%$40.50—$1.62$1.70—0
1,4694,591$1.04$1.0751.78%$41.00—$1.91$1.9613837
110—$0.85$0.8851.43%$41.50—$2.22$2.27—61
1,6812,730$0.69$0.7251.26%$42.00—$2.56$2.666680
80813,127$0.57$0.5951.60%$42.50—$2.87$2.985,4064
6251,726$0.44$0.4851.25%$43.00—$3.15$3.50180
112—$0.36$0.3851.44%$43.50—$3.60$3.90—0
1,3011,320$0.28$0.3051.29%$44.00—$3.95$4.30591
40612,357$0.17$0.1951.61%$45.00—$4.95$5.203,2190

Forward $40.12. The 25-delta put carries +1.54 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 44.36%±3.95skew +1.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$5.20$6.00—$34.5049.24%$0.12$0.19—0
7223$4.95$5.55—$35.0047.07%$0.16$0.1989711
0—$4.40$5.10—$35.5047.73%$0.21$0.28—3
0302$4.25$4.65—$36.0046.71%$0.29$0.3145712
0—$3.60$4.20—$36.5045.88%$0.35$0.39—9
10348$3.45$3.75—$37.0045.72%$0.45$0.4925787
8—$3.10$3.35—$37.5045.22%$0.55$0.61—1
42477$2.77$2.94—$38.0045.25%$0.70$0.7568163
0—$2.43$2.60—$38.5044.86%$0.85$0.91—2
221,058$2.15$2.24—$39.0044.55%$1.02$1.1018212
52—$1.86$1.96—$39.5044.54%$1.24$1.31—75
1372,196$1.60$1.67—$40.0044.39%$1.47$1.5536096
81—$1.35$1.4544.34%$40.50—$1.68$1.82—0
381,146$1.15$1.2144.02%$41.00—$2.02$2.111153
5—$0.95$1.0444.02%$41.50—$2.27$2.43—0
1012,165$0.80$0.8543.77%$42.00—$2.61$2.80291
12—$0.66$0.7344.11%$42.50—$2.83$3.15—0
168550$0.54$0.5943.81%$43.00—$3.15$3.55884
4—$0.43$0.5043.92%$43.50—$3.70$3.95—0
53593$0.37$0.3944.02%$44.00—$3.95$4.5030
1,330605$0.24$0.2644.25%$45.00—$4.85$5.45560

Forward $40.13. The 25-delta put carries +1.41 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 42.34%±4.43skew +2.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$14.30$15.95—$25.00—————
08$7.45$8.60—$32.00—————
01$6.55$7.60—$33.00—————
611$5.90$6.50—$34.00—————
037$4.95$5.60—$35.0045.30%$0.28$0.311796
022$4.25$4.70—$36.0043.99%$0.41$0.4630363
040$3.45$3.90—$37.0043.39%$0.62$0.6848098
1189$2.82$3.05—$38.0042.75%$0.90$0.97285251
5277$2.17$2.41—$39.0042.58%$1.27$1.3710819
176446$1.70$1.7742.43%$40.00—$1.74$1.857733
85263$1.24$1.3241.75%$41.00—$2.26$2.482040
84426$0.88$0.9841.54%$42.00—$2.78$3.15204
75280$0.61$0.6840.97%$43.00—$3.40$3.90640
96193$0.43$0.4841.23%$44.00—$4.15$5.00100
871,490$0.28$0.3240.84%$45.00—$5.00$5.901420
495$0.15$0.2440.66%$46.00—$6.00$6.8560
—————$47.00—$6.75$7.80890
—————$50.00—$9.75$10.90190

Forward $39.94. The 25-delta put carries +2.42 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 39.56%±4.66skew +0.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
020$19.25$20.95—$20.00—————
03$7.50$8.60—$32.00—————
116$7.10$7.60—$33.00—————
03$5.70$6.60—$34.0043.06%$0.22$0.271,0033
09$4.95$5.85—$35.0041.88%$0.34$0.389878
13$4.35$4.70—$36.0041.71%$0.50$0.603968
118$3.50$3.85—$37.0040.33%$0.70$0.82556
1493$2.88$3.15—$38.0040.32%$1.00$1.1811211
19150$2.27$2.51—$39.0039.69%$1.35$1.608113
184158$1.65$1.8539.54%$40.00—$1.86$2.07476
5664$1.30$1.5641.61%$41.00—$2.38$2.70240
88188$0.98$1.1040.51%$42.00—$3.05$3.35100
1153$0.69$0.8039.88%$43.00—————
17617$0.43$0.5338.16%$44.00—$4.55$5.1040
160171$0.29$0.4339.13%$45.00—$5.10$6.0010
2457$0.24$0.3040.07%$46.00—————

Forward $39.78. The 25-delta put carries +0.46 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 44.51%±5.80skew +1.93
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$16.80$17.95—$22.50—————
035$14.30$15.45—$25.0062.68%$0.01$0.042,2830
75361$11.80$13.05—$27.5054.62%$0.03$0.054,30017
12,230$9.35$10.55—$30.0050.22%$0.09$0.109,13058
1457$7.15$8.00—$32.5048.07%$0.24$0.2710,653446
105,956$5.15$5.70—$35.0046.29%$0.60$0.6125,3341,062
5186,876$3.60$3.80—$37.5045.22%$1.25$1.3110,878413
3,86026,081$2.22$2.2844.62%$40.00—$2.33$2.4215,551218
58213,117$1.22$1.2743.47%$42.50—$3.80$4.154,43933
1,00015,934$0.64$0.6643.29%$45.00—$5.65$5.957,31066
727,343$0.31$0.3443.54%$47.50—$7.80$8.151,4402
75410,200$0.16$0.1744.42%$50.00—$10.05$10.508,86210
2656,042$0.07$0.1045.49%$52.50—$12.55$13.401,1390
117,561$0.03$0.0646.69%$55.00—$14.85$15.954,3350
1021,954$0.02$0.0348.05%$57.50—$17.30$18.401,2881
51717,615$0.01$0.0249.67%$60.00—$19.70$21.00350
71,118$0.01$0.0253.93%$62.50—$22.20$23.5050
314,693$0.01$0.0257.98%$65.00—$24.85$26.00230
—————$70.00—$29.75$30.9530
—————$72.50—$32.30$33.4510
—————$85.00—$44.75$45.9010

Forward $39.87. The 25-delta put carries +1.93 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 46.46%±6.51skew +3.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$10.35$11.80—$29.00—————
—————$30.0052.42%$0.13$0.20011
170$8.10$8.50—$32.0050.00%$0.29$0.331013
—————$33.0048.94%$0.38$0.4630
—————$34.0048.94%$0.56$0.6329
03$5.50$5.90—$35.0048.36%$0.76$0.833868
13$4.65$5.15—$36.0047.86%$0.99$1.1022
2414$4.15$4.40—$37.0047.94%$1.30$1.4527
1727$3.50$3.75—$38.0047.15%$1.65$1.7943
6893$2.97$3.10—$39.0046.70%$2.05$2.23511
7421$2.42$2.6546.42%$40.00—$2.51$2.75121
1322$2.00$2.2246.51%$41.00—$3.10$3.3501
2230$1.60$1.7645.44%$42.00—————
857$1.26$1.4244.97%$43.00—————
152$1.03$1.1244.97%$44.00—————
2223$0.82$0.8744.74%$45.00—$5.85$6.1001
152$0.64$0.7345.24%$46.00—————
212$0.47$0.5844.90%$47.00—————
10$0.40$0.4845.95%$48.00—————
161$0.24$0.2645.36%$50.00—————

Forward $39.90. The 25-delta put carries +3.12 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 43.16%±7.39skew +2.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$21.75$23.25—$17.50—————
2654$16.85$17.95—$22.5059.14%$0.01$0.054,2153
40403$14.95$15.40—$25.0051.28%$0.03$0.051,81350
0504$11.85$12.95—$27.5048.33%$0.08$0.111,90319
13,055$9.60$10.45—$30.0046.60%$0.22$0.248,42466
31,614$7.85$8.15—$32.5044.69%$0.45$0.529,9382,144
177,583$5.80$6.10—$35.0044.37%$0.98$1.0320,182147
2617,581$4.15$4.35—$37.5044.01%$1.77$1.874,602162
55517,360$2.90$2.9643.36%$40.00—$2.90$2.9929,620425
17615,319$1.87$1.9242.64%$42.50—$4.35$4.5010,9151
25419,336$1.15$1.2042.24%$45.00—$6.05$6.309,55319
545,516$0.69$0.7542.40%$47.50—$7.95$8.404,57044
57729,002$0.41$0.4342.30%$50.00—$10.35$10.6012,77871
97,634$0.24$0.2843.11%$52.50—$12.70$13.002,4770
4910,542$0.14$0.1743.55%$55.00—$15.10$15.359,39626
537,744$0.09$0.1144.61%$57.50—$17.55$18.502,6010
16728,817$0.06$0.0745.59%$60.00—$20.00$20.957,9260
652,842$0.04$0.0647.52%$62.50—$22.35$23.4011,2140
7010,882$0.02$0.0447.71%$65.00—$24.85$26.002,1760
6718,159$0.01$0.0449.74%$67.50—$27.15$28.50200
17518,579$0.02$0.0352.67%$70.00—$29.65$30.95110

Forward $39.98. The 25-delta put carries +2.13 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.