Options Skew Analytics

NUE option chain

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

Data as of 23 September 2026 (end of day)

2026-10-16(23 days)ATM 36.03%±22.31skew +2.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
022$85.30$88.30—$160.00—————
010$79.90$83.00—$165.00—————
05$74.90$78.10—$170.00—————
014$69.80$73.20—$175.00—————
0103$64.90$68.30—$180.00—————
06$60.30$63.30—$185.00—————
015$55.00$58.40—$190.00—————
08$50.00$53.60—$195.00—————
036$45.30$48.00—$200.00—————
4164$35.80$37.70—$210.00—————
546$26.10$28.70—$220.0037.63%$1.00$1.4071542
10227$18.50$20.60—$230.0037.02%$2.45$3.301,342130
9315$12.00$12.70—$240.0035.51%$5.10$6.3081521
48935$6.80$8.0036.10%$250.00—$9.70$11.7037223
32658$3.40$4.1034.98%$260.00—$16.40$18.302180
18507$1.65$2.2035.90%$270.00—$24.40$26.801330
3635$0.75$1.2537.32%$280.00—$33.20$36.20110
—————$290.00—$42.90$45.60200
—————$300.00—$52.80$55.7010
—————$310.00—$62.50$65.0010
—————$330.00—$82.10$85.5010

Forward $246.69. The 25-delta put carries +2.04 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 38.63%±38.18skew +2.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$61.90$64.70—$185.00—————
—————$200.0042.37%$1.35$2.25730
—————$210.0040.24%$2.45$3.2092
04$30.60$33.40—$220.0039.47%$4.30$5.10304
53$24.40$26.30—$230.0039.21%$7.20$7.90819
13$18.00$19.80—$240.0039.12%$10.90$12.00238
935$13.70$14.7038.68%$250.00—$15.70$16.80293
1220$9.60$10.4038.04%$260.00—————
1314$6.60$7.5038.25%$270.00—————
1216$4.00$4.7036.71%$280.00—————
317$2.65$3.2037.11%$290.00—————
211$1.65$2.5538.32%$300.00—————
—————$310.00—$63.10$65.90130
—————$370.00—$122.00$125.5020

Forward $247.94. The 25-delta put carries +2.50 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 37.06%±44.61skew +0.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0132$86.40$89.70—$160.00—————
014$81.60$85.10—$165.00—————
07$77.00$79.60—$170.00—————
016$72.10$74.90—$175.00—————
027$67.40$70.10—$180.0043.39%$0.95$1.50950
0636$62.60$66.20—$185.00—————
09$58.20$61.10—$190.0041.51%$1.45$2.30590
020$54.10$56.50—$195.0041.56%$2.05$2.95370
0224$49.70$52.10—$200.0040.92%$2.50$3.70800
083$40.70$43.80—$210.0039.64%$4.00$5.306190
0120$33.40$36.10—$220.0037.80%$5.90$7.202060
0149$26.80$28.90—$230.0037.14%$8.80$10.304593
2167$21.00$22.50—$240.0036.95%$12.60$14.603110
1449$15.80$17.5036.98%$250.00—$17.70$19.60380
1152$12.00$14.0037.71%$260.00—$22.90$25.702320
21333$8.80$9.7036.52%$270.00—$30.00$32.30291
0379$6.30$8.1037.61%$280.00—$37.80$40.00250
2197$4.50$5.8037.33%$290.00—$45.60$48.40180
3105$3.30$4.0037.20%$300.00—————
027$2.30$3.5038.49%$310.00—$63.70$66.60190
036$1.65$2.2537.97%$320.00—————

Forward $247.98. The 25-delta put carries +0.46 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 36.25%±50.43skew +1.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0107$82.20$85.70—$165.0044.84%$0.80$1.306010
0447$77.40$80.80—$170.00—————
0287$73.20$75.50—$175.0042.95%$1.30$1.80530
0323$68.40$71.00—$180.0042.20%$1.50$2.305231
054$63.70$66.50—$185.0040.90%$1.80$2.60500
0255$59.60$62.50—$190.0040.61%$2.45$3.101680
0360$54.90$57.60—$195.0039.73%$2.90$3.70430
0483$50.80$53.30—$200.0039.50%$3.70$4.503942
0121$42.90$45.40—$210.0037.77%$5.20$6.102733
0272$35.70$37.60—$220.0037.32%$7.70$8.703020
0840$28.90$31.40—$230.0036.96%$10.70$12.301340
0217$23.10$25.80—$240.0036.40%$14.60$16.304610
21,197$18.30$20.5036.35%$250.00—$19.60$21.3035581
1344$14.20$16.1036.04%$260.00—$25.30$27.601220
5480$11.00$12.4035.87%$270.00—$32.00$34.20290
19893$8.30$9.8036.02%$280.00—$38.80$41.30170
3463$6.40$6.9035.50%$290.00—$47.00$49.7020
2853$4.70$5.4035.70%$300.00—————
1184$3.50$4.1035.87%$310.00—$64.70$67.3010
0285$2.70$3.5036.91%$320.00—————
—————$330.00—$83.20$85.5010

Forward $248.94. The 25-delta put carries +1.82 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 36.86%±64.38skew +1.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$84.60$87.10—$165.0042.99%$1.65$2.7010
033$80.30$83.00—$170.0042.50%$2.05$3.2060
02$75.90$78.50—$175.0041.86%$2.50$3.7020
07$71.40$74.20—$180.0041.25%$3.00$4.3030
012$67.30$70.00—$185.00—————
04$62.90$65.90—$190.0040.25%$4.40$5.7060
01$59.10$61.80—$195.0039.79%$5.00$6.8070
030$55.40$58.00—$200.0039.44%$6.00$7.80390
010$47.60$50.50—$210.0039.15%$8.50$10.40620
015$41.20$43.80—$220.0038.40%$11.10$13.50230
059$34.80$37.60—$230.0038.08%$14.50$17.40720
0190$29.40$31.70—$240.0037.15%$18.60$21.00450
0439$24.40$26.70—$250.0037.01%$23.60$25.903410
1365$20.00$22.6036.86%$260.00—$29.00$31.40511
064$16.70$18.8036.91%$270.00—$35.20$38.10670
689$13.40$15.6036.64%$280.00—$42.80$44.8030
0129$10.70$12.9036.47%$290.00—$50.40$52.5050
455$8.60$10.3036.17%$300.00—————
242$7.60$8.2036.64%$310.00—————
147$5.60$6.9036.34%$320.00—————
034$4.20$5.8036.29%$330.00—————

Forward $250.82. The 25-delta put carries +1.76 volatility points over the 25-delta call.

2027-04-16(205 days)ATM 36.77%±69.19skew +2.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$150.0045.06%$1.40$2.10200
01$81.40$83.90—$170.00—————
05$43.10$45.40—$220.0038.42%$12.60$15.1040
015$36.70$39.00—$230.00—————
05$31.30$33.90—$240.0036.90%$20.10$22.50130
09$26.40$28.70—$250.0037.07%$25.40$27.6080
032$22.30$24.1036.77%$260.00—$30.40$33.20180
01$18.20$21.2036.92%$270.00—————
072$15.10$17.9036.82%$280.00—————
020$12.30$14.8036.43%$290.00—————
012$9.90$12.3036.17%$300.00—————
021$8.10$10.2036.12%$310.00—————
07$6.50$8.4035.97%$320.00—————

Forward $251.08. The 25-delta put carries +2.29 volatility points over the 25-delta call.

2027-06-17(267 days)ATM 37.17%±80.57skew +2.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
051$84.20$87.00—$170.0042.29%$4.20$5.60700
0146$80.00$82.80—$175.0042.13%$5.00$6.50860
0229$76.00$78.60—$180.0041.52%$5.70$7.301290
06$72.10$74.90—$185.0041.10%$6.50$8.30180
0239$68.30$71.20—$190.0040.60%$7.40$9.302470
060$64.50$67.40—$195.0040.42%$8.60$10.5040
0123$60.80$63.90—$200.0039.79%$9.90$11.30390
0243$54.30$57.10—$210.0039.63%$12.70$14.60370
085$47.80$50.40—$220.0039.07%$15.60$18.20110
068$41.70$44.40—$230.0038.72%$19.30$22.20100
174$36.60$39.40—$240.0038.46%$23.80$26.504820
2163$31.60$34.60—$250.0037.94%$28.40$31.202210
034$27.30$29.5037.27%$260.00—$33.80$36.502090
0170$23.20$26.0037.16%$270.00—$40.00$42.8040
045$19.90$22.8037.20%$280.00—$46.50$49.1010
0141$16.90$19.3036.76%$290.00—$53.60$56.00100
10116$14.10$16.6036.47%$300.00—————
1020$11.70$14.1036.13%$310.00—————
094$11.00$11.6036.55%$320.00—$77.70$79.7010
017$9.30$10.5036.93%$330.00—————
01$7.80$8.8036.67%$340.00—$94.20$97.6010

Forward $253.41. The 25-delta put carries +2.70 volatility points over the 25-delta call.

2027-09-17(359 days)ATM 38.08%±96.65skew +4.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$126.10$129.00—$125.00—————
04$84.30$87.50—$175.00—————
02$80.30$83.50—$180.0041.78%$8.30$10.2010
08$76.60$80.00—$185.0041.62%$9.30$11.6020
18$69.90$72.00—$195.0040.94%$11.80$14.0010
01$65.90$69.50—$200.00—————
01$54.30$57.00—$220.00—————
02$43.50$46.50—$240.00—————
02$38.40$41.50—$250.0038.89%$32.50$36.0040
02$30.00$33.0038.23%$270.00—————
024$23.00$26.0037.63%$290.00—————
—————$300.00—$64.00$66.7010
02$17.50$20.3037.17%$310.00—————
—————$330.00—$87.50$90.6050
01$11.00$13.9036.43%$340.00—$96.00$99.4010
01$9.30$12.3036.24%$350.00—————
01$7.00$9.8036.36%$370.00—————

Forward $255.95. The 25-delta put carries +4.70 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.