Options Skew Analytics

NOK option chain

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

Data as of 10 November 2026 (end of day)

2026-11-20(10 days)ATM 60.82%±0.83skew +9.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
83$6.15$6.40—$2.00—————
412$5.15$5.40—$3.00—————
22$4.15$4.35—$4.00—————
263$3.20$3.35—$5.00—————
02$2.69$2.81—$5.50—————
0354$2.19$2.31—$6.00—————
56100$1.71$1.81—$6.50—————
9606$1.24$1.34—$7.0072.13%$0.03$0.0412,456775
1052,679$0.80$0.88—$7.5067.23%$0.09$0.105,799168
3352,614$0.46$0.50—$8.0062.55%$0.22$0.2320,688181
91213,581$0.21$0.2359.77%$8.50—$0.45$0.492,37318
42217,640$0.07$0.0957.49%$9.00—$0.79$0.8723,65482
335,274$0.03$0.0461.95%$9.50—$1.23$1.3389422
19851,140$0.01$0.0265.54%$10.00—$1.73$1.7913,653124
41,416$0.01$0.0278.57%$10.50—$2.20$2.331120
—————$11.00—$2.70$2.831,2754
—————$11.50—$3.15$3.35121
—————$12.00—$3.70$3.85157
—————$13.00—$4.65$4.9582
—————$14.00—$5.65$5.95310
—————$15.00—$6.65$6.9542

Forward $8.25. The 25-delta put carries +9.74 volatility points over the 25-delta call.

2026-11-27(17 days)ATM 56.52%±1.01skew +6.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2319$7.10$7.35—$1.00—————
10$6.05$6.40—$2.00—————
10$4.60$5.80—$3.00—————
—————$6.5071.90%$0.01$0.05590
—————$7.0064.32%$0.05$0.071,69212
275$0.87$0.93—$7.5061.08%$0.13$0.156,45150
38419$0.53$0.57—$8.0057.48%$0.27$0.301,07912
47771$0.28$0.3156.10%$8.50—$0.52$0.551,0956
1,2641,549$0.13$0.1554.98%$9.00—$0.86$0.901,7830
1953,413$0.05$0.0653.27%$9.50—$1.27$1.331971
1573,271$0.02$0.0355.30%$10.00—$1.73$1.803040
2784$0.01$0.0363.21%$10.50—$1.99$2.64830
3488$0.01$0.0372.77%$11.00—$2.60$2.95350
—————$11.50—$3.15$3.45120
—————$12.50—$4.15$4.4510
—————$15.00—$6.70$6.9502

Forward $8.26. The 25-delta put carries +6.11 volatility points over the 25-delta call.

2026-12-04(24 days)ATM 55.58%±1.18skew +4.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
014$4.60$7.30—$3.00—————
21$3.85$6.30—$4.00—————
—————$6.0076.73%$0.01$0.0562
653$1.79$1.84—$6.5068.35%$0.03$0.079302
—————$7.0062.65%$0.08$0.114651
6055$0.93$0.99—$7.5058.71%$0.17$0.2069513
23147$0.60$0.64—$8.0056.10%$0.33$0.3649917
44329$0.35$0.3855.39%$8.50—$0.58$0.628830
129588$0.19$0.2154.61%$9.00—$0.92$0.96580
262,159$0.10$0.1255.70%$9.50—$1.31$1.36691
1031,325$0.05$0.0655.79%$10.00—$1.75$1.82790
15253$0.03$0.0459.38%$10.50—$2.23$2.3141
162,704$0.01$0.0361.14%$11.00—$2.61$3.0520
—————$13.00—$4.35$5.45202

Forward $8.26. The 25-delta put carries +4.09 volatility points over the 25-delta call.

2026-12-11(31 days)ATM 55.28%±1.33skew +6.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
40$4.60$7.30—$3.00—————
—————$6.0067.72%$0.01$0.05131
—————$6.5064.63%$0.05$0.08260
—————$7.0060.06%$0.11$0.131,1813
310$0.98$1.04—$7.5059.26%$0.22$0.2667513
956$0.65$0.71—$8.0056.33%$0.38$0.432219
26191$0.40$0.4655.11%$8.50—$0.63$0.681287
67542$0.24$0.2854.78%$9.00—$0.96$1.01722
17376$0.13$0.1553.26%$9.50—$1.34$1.403112
31171$0.07$0.1055.11%$10.00—$1.78$1.84490
038$0.03$0.0655.02%$10.50—$1.99$2.69110
—————$11.00—$2.70$2.832021
—————$13.00—$4.55$6.7513

Forward $8.27. The 25-delta put carries +6.00 volatility points over the 25-delta call.

2026-12-18(38 days)ATM 55.93%±1.49skew +6.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
416$6.95$7.50—$1.00—————
011$5.95$6.50—$2.00—————
011$4.95$5.50—$3.00—————
0273$3.95$4.50—$4.00—————
5495$3.20$3.35—$5.00—————
4251$2.26$2.37—$6.0066.92%$0.03$0.065,0654
1062,273$1.40$1.48—$7.0060.63%$0.15$0.1716,627574
2113,535$0.72$0.77—$8.0057.06%$0.46$0.4718,252164
3116,853$0.31$0.3254.90%$9.00—$1.01$1.0539,97920
1,20535,301$0.11$0.1254.48%$10.00—$1.79$1.8620,09637
25931,225$0.03$0.0555.26%$11.00—$2.76$2.829,5567
20059,452$0.02$0.0362.17%$12.00—$3.70$3.855,93298
627,796$0.01$0.0267.04%$13.00—$4.65$4.85420
—————$14.00—$5.55$6.051,3322
—————$15.00—$6.50$7.0021

Forward $8.28. The 25-delta put carries +6.15 volatility points over the 25-delta call.

2026-12-24(44 days)ATM 56.36%±1.62skew +1.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
014$1.91$2.88—$6.0064.79%$0.04$0.0712
—————$6.5061.13%$0.08$0.12104
10$1.39$1.68—$7.0060.53%$0.16$0.23144
52$1.05$1.14—$7.5056.79%$0.29$0.3352
0121$0.73$0.82—$8.0057.27%$0.47$0.57116
3254$0.51$0.5656.19%$8.50—$0.72$0.831110
25127$0.33$0.3855.54%$9.00—$1.03$1.15110
11393$0.21$0.2454.82%$9.50—$1.41$1.5082
20300$0.12$0.1553.93%$10.00—$1.81$1.9811
024$0.08$0.1055.36%$10.50—————
103$0.05$0.0655.51%$11.00—————
—————$12.00—$3.50$4.1002
—————$13.00—$4.45$6.7501
—————$15.00—$6.40$8.7502

Forward $8.26. The 25-delta put carries +1.96 volatility points over the 25-delta call.

2027-01-15(66 days)ATM 54.11%±1.91skew +3.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$6.85$7.60—$1.00—————
13$6.50$7.00—$1.50—————
0277$5.95$6.50—$2.00—————
0120$5.45$6.00—$2.50—————
0792$4.95$5.50—$3.00—————
0882$4.50$5.00—$3.50—————
01,195$4.20$4.40—$4.00—————
02,358$3.70$3.90—$4.5075.07%$0.01$0.039,3161
35,894$3.25$3.40—$5.0068.38%$0.02$0.044,4780
07,650$2.78$2.89—$5.5063.70%$0.04$0.0610,06410
20825,545$1.52$1.60—$7.0057.29%$0.25$0.2722,65851
2164,976$0.90$0.94—$8.0055.11%$0.60$0.6216,13835
18,5246,202$0.48$0.4953.61%$9.00—$1.15$1.1820,071103
49675,384$0.23$0.2553.40%$10.00—$1.90$1.9642,186113
17940,212$0.10$0.1253.09%$11.00—$2.78$2.8634,1781
3031,116$0.05$0.0654.47%$12.00—$3.70$3.857,96145
34619,787$0.02$0.0456.47%$13.00—$4.70$4.8518,86714
2522,783$0.02$0.0361.89%$14.00—$5.70$5.853730
1,36573,197$0.01$0.0263.44%$15.00—$6.65$6.952,531343
4314,339$0.01$0.0269.09%$16.00—$7.50$8.0510
014,975$0.01$0.0274.31%$17.00—————

Forward $8.31. The 25-delta put carries +3.89 volatility points over the 25-delta call.

2027-03-19(129 days)ATM 56.09%±2.79skew +2.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$5.95$6.70—$2.00—————
011$4.90$5.70—$3.00—————
100115$4.25$4.40—$4.0069.68%$0.02$0.058310
1079$3.30$3.45—$5.0063.50%$0.08$0.1118830
1183$2.49$2.61—$6.0060.49%$0.23$0.259,19326
352578$1.79$1.88—$7.0057.71%$0.48$0.5112,1361
542,007$1.25$1.28—$8.0056.86%$0.90$0.9333,7904
2058,302$0.83$0.8555.98%$9.00—$1.46$1.5039,178129
7439,202$0.53$0.5655.56%$10.00—$2.17$2.218453
45310,114$0.34$0.3655.49%$11.00—$2.96$3.0515,5669
2223,872$0.22$0.2456.08%$12.00—$3.80$3.951,2616
2154,486$0.15$0.1757.45%$13.00—$4.75$4.904850
23,980$0.10$0.1258.34%$14.00—$5.70$5.852880
25,625$0.08$0.0960.43%$15.00—$6.65$6.90220
01,525$0.05$0.0761.10%$16.00—$7.65$7.9001
02,872$0.04$0.0663.35%$17.00—————
14,094$0.03$0.0564.86%$18.00—————
2469$0.03$0.0467.03%$19.00—————
25,716$0.02$0.0367.00%$20.00—————
039$0.01$0.0470.00%$21.00—————
06,459$0.01$0.0472.83%$22.00—————

Forward $8.36. The 25-delta put carries +2.22 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.