Options Skew Analytics

NKE 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 35.43%±0.94skew -1.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
4022$5.55$5.85—$30.00—————
2237$4.50$4.95—$31.00—————
581$3.60$3.80—$32.00—————
1211$2.52$2.85—$33.00—————
1811$2.06$2.45—$33.5045.80%$0.01$0.02254514
63175$1.59$1.78—$34.0036.65%$0.01$0.024,3141,006
19104$1.16$1.31—$34.5035.33%$0.04$0.051,868821
487674$0.77$0.81—$35.0034.86%$0.12$0.135,5471,386
2,6371,357$0.44$0.47—$35.5035.18%$0.29$0.303,6743,251
15,12710,176$0.23$0.2436.02%$36.00—$0.55$0.5811,3518,247
8,1025,595$0.10$0.1136.51%$36.50—$0.92$0.992,6931,415
3,2076,429$0.04$0.0537.91%$37.00—$1.30$1.453,715377
7543,818$0.02$0.0341.90%$37.50—$1.76$1.9237258
9968,302$0.01$0.0245.95%$38.00—$2.27$2.451,77178
4944,797$0.01$0.0253.62%$38.50—$2.44$2.99725
2347,741$0.01$0.0261.02%$39.00—$3.25$3.451,42234
—————$39.50—$3.15$3.951231
—————$40.00—$4.15$4.5546822
—————$40.50—$4.55$5.0532
—————$41.00—$4.95$5.552995
—————$41.50—$5.40$6.1510

Forward $35.66. The 25-delta put carries -1.65 volatility points over the 25-delta call.

2026-10-02(9 days)ATM 66.76%±3.74skew -2.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
32$5.15$6.00—$30.5067.30%$0.09$0.121224
228$4.70$5.20—$31.0065.65%$0.12$0.15955103
06$4.20$5.15—$31.5064.74%$0.16$0.208115
2985$3.85$4.20—$32.0065.75%$0.25$0.2782788
01$3.45$3.95—$32.5066.24%$0.33$0.3847579
6117$3.05$3.55—$33.0065.33%$0.44$0.461,304351
122$2.72$2.89—$33.5065.85%$0.58$0.6039643
1040$2.38$2.49—$34.0065.79%$0.74$0.753,166277
2151$2.07$2.17—$34.5065.70%$0.90$0.9540098
139732$1.80$1.85—$35.0066.22%$1.13$1.166,182626
343225$1.54$1.59—$35.5065.93%$1.35$1.40618479
1,0941,256$1.34$1.3666.88%$36.00—$1.63$1.673,727767
504564$1.12$1.1666.89%$36.50—$1.90$1.971,059854
1,1811,269$0.94$0.9867.12%$37.00—$2.23$2.292,306135
7431,345$0.79$0.8267.44%$37.50—$2.56$2.66244106
2,2343,232$0.67$0.6867.95%$38.00—$2.89$3.051,59030
4281,385$0.54$0.5767.98%$38.50—$3.00$3.40510
5602,835$0.45$0.4768.44%$39.00—$3.60$3.8576724
119743$0.37$0.4169.56%$39.50—$3.80$4.25233
6454,906$0.30$0.3269.15%$40.00—$4.40$4.7061148
90382$0.25$0.2770.09%$40.50—$4.55$5.1590

Forward $35.69. The 25-delta put carries -2.13 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 55.91%±4.18skew -1.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
27$5.25$6.10—$30.50—————
02$4.80$5.60—$31.0055.83%$0.20$0.2232313
—————$31.5054.27%$0.21$0.30470
15$4.00$4.55—$32.0054.78%$0.32$0.37480111
—————$32.5055.50%$0.44$0.48685
4221$3.20$3.45—$33.0055.42%$0.56$0.601,25595
10$2.88$3.10—$33.5055.71%$0.71$0.75277
058$2.56$2.98—$34.0055.48%$0.87$0.911,93547
—————$34.5055.69%$1.07$1.102797
16990$1.99$2.09—$35.0055.92%$1.29$1.32798629
912$1.74$1.83—$35.5056.00%$1.53$1.5638147
362739$1.51$1.5855.91%$36.00—$1.80$1.832,073287
48103$1.29$1.3755.88%$36.50—$2.07$2.12182
264614$1.12$1.1756.10%$37.00—$2.39$2.436168
3755$0.95$1.0156.28%$37.50—$2.72$2.77180
233622$0.82$0.8556.47%$38.00—$3.00$3.204018
4441$0.69$0.7356.73%$38.50—$3.15$3.5513
1231,710$0.58$0.6256.92%$39.00—$3.50$3.952659
26109$0.49$0.5257.12%$39.50—$3.80$4.4002
1231,109$0.41$0.4457.40%$40.00—$4.30$4.8011344
3143$0.35$0.3757.85%$40.50—————

Forward $35.74. The 25-delta put carries -1.21 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 50.31%±4.52skew -1.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$31.0050.01%$0.25$0.2860121
—————$31.5049.61%$0.32$0.35478
50$4.10$4.60—$32.0049.93%$0.42$0.45107135
5165$3.70$3.95—$32.5049.87%$0.53$0.5628,25740
100$3.35$3.80—$33.0049.32%$0.62$0.7020432
01$3.00$3.45—$33.5049.67%$0.80$0.8414136
27320$2.70$2.81—$34.0050.09%$0.98$1.0312443
11$2.39$2.51—$34.5049.81%$1.17$1.216818
2304,413$2.12$2.21—$35.0050.20%$1.40$1.4428,735238
38383$1.88$1.94—$35.5050.36%$1.64$1.693751
310363$1.64$1.7350.32%$36.00—$1.91$1.949,157637
4291,173$1.44$1.4950.20%$36.50—$2.15$2.25634101
234,194$1.26$1.3150.61%$37.00—$2.46$2.578532
1,23713,441$1.08$1.1250.31%$37.50—$2.83$2.8918,908291
493216$0.92$0.9850.47%$38.00—$3.15$3.3017258
46162$0.79$0.8851.19%$38.50—$3.40$3.6520
263159$0.68$0.7250.77%$39.00—$3.60$4.0594
55187$0.58$0.6251.00%$39.50—$3.70$4.4570
1,55727,406$0.51$0.5251.32%$40.00—$4.70$4.8512,849121
470$0.42$0.4852.00%$40.50—$4.70$5.30030
20225$0.35$0.4352.52%$41.00—$4.90$5.7520

Forward $35.76. The 25-delta put carries -1.68 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 46.91%±4.81skew -0.85
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$9.90$12.00—$25.00—————
—————$29.0046.54%$0.08$0.135337
08$5.80$6.65—$30.0047.25%$0.19$0.212675
11$5.00$5.60—$31.0046.88%$0.31$0.34339114
501$4.20$4.40—$32.0046.93%$0.50$0.53766131
112$3.45$3.95—$33.0046.70%$0.75$0.7885952
0128$2.77$3.20—$34.0046.73%$1.08$1.121,59783
50144$2.27$2.33—$35.0046.81%$1.50$1.541,03286
150185$1.77$1.8646.91%$36.00—$2.00$2.0544386
6179$1.36$1.4446.90%$37.00—$2.60$2.6557212
217893$1.04$1.1047.12%$38.00—$3.20$3.40161146
57829$0.78$0.8347.29%$39.00—$3.65$4.1518863
456431$0.58$0.6247.55%$40.00—$4.45$4.95534
34257$0.43$0.4647.91%$41.00—$5.15$5.85494
807983$0.32$0.3448.39%$42.00—$5.85$6.70230
14324$0.23$0.2749.20%$43.00—$7.05$7.6530
179$0.14$0.2249.40%$44.00—$7.55$8.6520
11780$0.12$0.1550.10%$45.00—$8.40$9.6020
—————$46.00—$9.35$10.6030
173$0.02$0.0856.74%$50.00—$13.50$14.7001

Forward $35.79. The 25-delta put carries -0.85 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 44.59%±5.09skew -1.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$6.75$7.70—$29.00—————
34$5.95$6.50—$30.0044.68%$0.18$0.2931222
02$5.05$5.35—$31.0044.72%$0.37$0.3913410
02$4.25$5.05—$32.0044.83%$0.57$0.6036754
615$3.55$4.25—$33.0043.62%$0.74$0.8819596
153$2.92$3.35—$34.0044.77%$1.15$1.24182167
3171$2.37$2.59—$35.0043.50%$1.47$1.65243129
59268$1.89$1.9944.53%$36.00—$2.04$2.1731175
94394$1.48$1.5844.73%$37.00—$2.65$2.769017
502,278$1.15$1.2244.77%$38.00—$3.10$3.45986
54182$0.88$0.9545.08%$39.00—$3.75$4.20240
126887$0.67$0.7245.24%$40.00—$4.75$5.005318
144216$0.50$0.5445.34%$41.00—$5.30$5.8540
2193$0.37$0.4446.18%$42.00—$6.20$6.7570
24273$0.29$0.3446.98%$43.00—————
3124$0.23$0.3249.19%$44.00—$7.70$8.6520
1494$0.15$0.2549.01%$45.00—$8.50$9.6046
—————$50.00—$13.35$15.0537
—————$55.00—$18.10$20.15026

Forward $35.83. The 25-delta put carries -1.62 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 44.39%±6.36skew -1.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
047$12.70$14.60—$22.50—————
524$10.30$12.10—$25.0046.85%$0.05$0.0620417
0122$8.40$8.75—$27.5045.15%$0.16$0.189864
5133$6.25$6.75—$30.0044.30%$0.45$0.476,8461,293
48416$4.30$4.60—$32.5044.11%$1.04$1.074,718301
7134,920$2.92$3.00—$35.0044.19%$2.03$2.0510,9412,612
6686,696$1.83$1.9144.49%$37.50—$3.40$3.509,746556
1,34714,517$1.10$1.1344.51%$40.00—$5.10$5.309,651133
386,931$0.64$0.6945.33%$42.50—$7.10$7.405,43319
2147,025$0.38$0.4146.28%$45.00—$9.10$9.656,86023
1553,967$0.23$0.2547.48%$47.50—$11.35$12.051,1793
2386,106$0.15$0.1950.05%$50.00—$13.85$14.505000
531,653$0.11$0.1452.55%$52.50—$15.55$17.40200
292,200$0.08$0.1255.43%$55.00—$18.10$20.2510
7973$0.06$0.0856.79%$57.50—————
154,397$0.05$0.0860.31%$60.00—$23.10$25.0020
7927$0.03$0.0563.70%$65.00—————
0313$0.01$0.0564.77%$67.50—————
301,847$0.01$0.0466.51%$70.00—————
—————$75.00—$38.10$40.2020
0383$0.01$0.0477.67%$80.00—————

Forward $35.93. The 25-delta put carries -1.22 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 44.13%±7.66skew -0.02
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$13.20$14.65—$22.50—————
046$10.60$12.00—$25.00—————
0303$8.50$9.60—$27.5044.39%$0.32$0.403,410116
231,846$6.55$6.80—$30.0044.38%$0.78$0.857,144123
10263$4.70$5.35—$32.5044.12%$1.51$1.597,264128
2751,686$3.30$3.45—$35.0044.08%$2.60$2.6516,793105
4093,324$2.26$2.3644.18%$37.50—$4.00$4.157,146142
1,37315,635$1.50$1.5844.37%$40.00—$5.50$5.8013,87621
1435,518$0.91$1.0544.14%$42.50—$7.10$7.854,360107
2547,430$0.65$0.6745.21%$45.00—$9.45$10.157,32723
535,831$0.41$0.4846.18%$47.50—$11.40$12.451,6120
2618,970$0.30$0.3648.12%$50.00—$14.20$14.709,05910
462,948$0.22$0.2849.96%$52.50—$16.40$17.107661
3817,407$0.16$0.2151.29%$55.00—$18.90$19.604,5080
1561,614$0.13$0.1953.89%$57.50—$21.05$22.051,3130
14625,457$0.14$0.1556.66%$60.00—$23.05$25.30440
15986$0.10$0.1659.07%$62.50—$25.60$27.85970
—————$65.00—$28.10$30.2020
—————$67.50—$30.60$32.70640
44,516$0.05$0.1063.11%$70.00—$33.15$34.55190
—————$72.50—$35.60$37.70590

Forward $35.76. The 25-delta put carries -0.02 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.