Options Skew Analytics

NUE option chain

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

Data as of 9 November 2026 (end of day)

2026-11-20(11 days)ATM 41.50%±17.98skew +2.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$87.90$91.10—$160.00—————
01$72.90$76.50—$175.00—————
02$63.00$66.20—$185.00—————
03$58.00$61.30—$190.00—————
08$48.10$51.20—$200.00—————
04$38.30$41.40—$210.00—————
011$28.70$31.90—$220.0050.64%$0.55$0.853641
432$19.50$22.30—$230.0045.72%$1.25$1.754624
022$12.40$13.50—$240.0043.46%$3.10$4.0023944
40214$6.50$7.4041.52%$250.00—$6.80$8.0038426
11744$2.80$3.5040.85%$260.00—$13.20$14.307252
2831,300$0.95$1.3539.96%$270.00—$20.20$23.202330
—————$280.00—$29.50$32.601150
—————$290.00—$39.30$42.40770

Forward $249.55. The 25-delta put carries +2.61 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 38.38%±31.36skew +5.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$98.50$102.00—$150.00—————
0192$88.60$91.90—$160.00—————
014$83.60$86.90—$165.00—————
06$78.70$82.10—$170.00—————
015$73.80$77.10—$175.00—————
027$68.90$72.20—$180.00—————
0629$64.00$66.90—$185.00—————
09$59.20$62.40—$190.0048.76%$0.45$0.75781
021$54.60$57.40—$195.00—————
0215$49.70$52.70—$200.0046.83%$0.95$1.252945
089$40.50$43.50—$210.0044.89%$1.75$2.101,0172
2110$31.80$35.10—$220.0043.28%$2.80$3.8058021
2164$24.90$26.80—$230.0042.51%$4.80$6.4063317
1172$17.80$19.50—$240.0040.60%$8.00$9.10372115
2500$12.00$13.0038.61%$250.00—$12.00$13.1012664
74347$7.70$8.5037.69%$260.00—$17.20$19.601090
8394$4.80$5.3037.35%$270.00—$24.40$26.40793
88399$2.75$3.2037.00%$280.00—$31.40$34.401081
14240$1.55$1.8036.77%$290.00—$40.30$43.00240
16359$0.85$1.1037.26%$300.00—————
17395$0.35$0.5536.27%$310.00—$59.30$62.4040

Forward $249.95. The 25-delta put carries +5.16 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 38.06%±40.83skew +3.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0106$84.10$87.30—$165.00—————
0447$79.30$82.40—$170.00—————
0282$74.40$77.20—$175.00—————
0257$69.70$72.30—$180.00—————
054$64.90$68.30—$185.00—————
0253$60.20$63.20—$190.0044.06%$1.00$1.601890
0359$55.70$58.50—$195.0043.36%$1.35$2.00440
0482$51.10$54.00—$200.0043.02%$1.70$2.704005
0118$42.50$45.40—$210.0042.42%$3.20$4.102931
2273$34.10$37.40—$220.0040.91%$5.20$5.703720
0840$26.70$29.30—$230.0039.42%$7.40$8.403170
26206$20.30$23.20—$240.0038.23%$10.80$11.704960
01,142$15.30$17.50—$250.0038.21%$15.10$16.9052860
17403$11.20$12.6037.51%$260.00—$20.20$22.802680
9559$7.60$8.8036.51%$270.00—$26.50$29.20600
341,029$5.10$6.0036.01%$280.00—$34.00$36.60320
21516$3.40$4.2036.15%$290.00—$41.80$44.7030
01,145$2.25$3.1036.79%$300.00—$50.70$53.3040
3489$1.45$2.0036.60%$310.00—$59.90$62.6030
12287$0.95$1.3536.87%$320.00—————
—————$340.00—$89.30$92.4010

Forward $250.40. The 25-delta put carries +3.41 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 39.91%±60.04skew +2.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$86.50$89.70—$165.00—————
032$81.90$85.30—$170.00—————
02$77.40$80.50—$175.00—————
06$73.00$75.80—$180.0045.62%$2.40$3.50161
011$68.50$71.40—$185.0046.09%$2.90$4.70100
06$64.20$67.60—$190.00—————
01$60.10$63.20—$195.0043.50%$4.30$5.30180
150$56.00$58.90—$200.0042.99%$5.00$6.30710
013$48.20$51.40—$210.0042.25%$7.10$8.50680
013$41.00$43.60—$220.0041.35%$10.00$10.80781
270$34.50$37.20—$230.0041.02%$13.40$14.301110
0223$28.50$31.20—$240.0040.42%$17.30$18.30921
0519$23.20$26.20—$250.0040.28%$21.80$23.505422
3382$19.00$21.4039.89%$260.00—$27.30$29.10606
177$15.50$17.3039.64%$270.00—$33.30$35.60730
7156$12.40$14.2039.63%$280.00—$39.50$42.2050
0162$9.70$11.2039.12%$290.00—$47.00$49.6050
081$7.60$8.4038.44%$300.00—————
259$5.70$6.6038.09%$310.00—$63.10$65.8030
164$4.50$5.4038.48%$320.00—————
—————$340.00—$89.70$93.0010

Forward $252.08. The 25-delta put carries +2.92 volatility points over the 25-delta call.

2027-04-16(158 days)ATM 39.30%±65.32skew +2.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$165.0045.77%$1.60$2.65100
01$82.50$85.80—$170.0045.19%$2.00$3.10100
—————$175.0044.97%$2.45$3.80100
—————$185.0044.04%$3.70$5.101210
05$57.40$60.80—$200.0042.56%$6.30$7.601060
01$50.00$53.30—$210.00—————
07$43.10$45.90—$220.0041.19%$11.20$13.1050
0225$36.80$39.20—$230.0040.70%$14.70$16.60130
06$30.90$33.60—$240.0040.42%$18.90$20.80150
013$25.80$28.60—$250.0040.07%$23.60$25.60145
035$21.20$23.7039.31%$260.00—$29.00$31.00200
012$17.50$19.9039.24%$270.00—————
071$14.20$16.6039.05%$280.00—————
026$11.50$13.8038.97%$290.00—————
012$9.30$11.4038.94%$300.00—$56.10$58.9080
098$7.40$9.4038.85%$310.00—$64.40$66.9030
17$6.00$7.8039.03%$320.00—$72.60$75.4020
04$4.60$6.4038.83%$330.00—————
020$3.30$5.4038.62%$340.00—————
078$2.90$4.4039.11%$350.00—————
—————$360.00—$109.40$112.4010

Forward $252.65. The 25-delta put carries +2.34 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 40.03%±79.03skew +2.49
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
051$85.50$88.50—$170.0045.54%$3.60$5.40700
0135$81.20$84.30—$175.0044.06%$4.20$5.50860
0229$77.20$80.30—$180.0043.73%$4.80$6.501300
06$73.30$76.50—$185.0043.56%$5.90$7.30180
0239$69.40$72.40—$190.0043.05%$6.80$8.202480
061$65.50$68.70—$195.0042.98%$7.80$9.60220
0124$61.90$64.80—$200.0042.69%$9.20$10.60400
0238$54.60$57.50—$210.0042.07%$11.70$13.50550
086$48.20$51.20—$220.0041.38%$14.60$16.80260
069$42.30$44.50—$230.0041.42%$18.90$20.60301
075$36.70$39.00—$240.0040.88%$22.90$24.902800
0165$31.60$34.10—$250.0040.50%$27.50$29.802225
044$26.90$30.0040.28%$260.00—$33.20$35.202253
0172$23.10$25.7039.92%$270.00—$39.00$41.1080
072$19.50$22.2039.63%$280.00—$45.20$48.0090
2145$16.70$19.1039.60%$290.00—$52.00$54.80100
0189$14.00$16.5039.47%$300.00—$59.20$62.10290
0106$11.50$14.1039.13%$310.00—$66.60$69.8010
0143$9.50$12.1038.99%$320.00—$74.60$77.8010
023$7.70$10.5038.89%$330.00—————
01$6.40$8.7038.63%$340.00—$91.80$94.9010

Forward $254.31. The 25-delta put carries +2.49 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 40.06%±95.05skew +2.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$165.0044.20%$5.00$6.4010
04$85.00$88.10—$175.0043.82%$6.70$8.4001
010$81.00$84.10—$180.0043.31%$7.80$9.1010
08$77.50$81.20—$185.0042.78%$8.80$10.0020
08$70.00$73.60—$195.0042.51%$11.10$12.9010
06$67.00$70.00—$200.0042.06%$12.50$14.00230
01$60.00$64.20—$210.00—————
03$54.00$57.00—$220.0041.59%$19.30$20.9001
13$48.10$51.50—$230.00—————
18$43.00$46.00—$240.00—————
05$38.00$41.50—$250.0040.44%$32.00$34.20150
04$33.60$37.0040.42%$260.00—$37.50$39.60240
06$29.50$33.0040.12%$270.00—$43.50$45.4050
01$26.20$29.2039.98%$280.00—————
021$22.70$25.5039.41%$290.00—————
—————$300.00—$63.10$66.5010
03$17.40$20.0039.21%$310.00—————
1130$15.90$17.4039.39%$320.00—————
0117$12.90$15.6038.83%$330.00—$85.60$89.3080
023$11.20$13.8038.79%$340.00—————
05$9.60$12.4038.82%$350.00—————

Forward $256.63. The 25-delta put carries +2.77 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.