Options Skew Analytics

ODFL 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 33.01%±14.83skew +1.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$89.70$98.20—$85.00—————
02$74.70$83.20—$100.00—————
01$69.80$78.20—$105.00—————
04$54.80$63.30—$120.00—————
01$49.90$58.30—$125.00—————
02$44.90$53.30—$130.00—————
01$39.90$48.40—$135.00—————
09$35.20$43.20—$140.00—————
02$31.10$37.30—$145.00—————
052$27.40$31.50—$150.00—————
06$22.60$26.70—$155.00—————
016$18.00$22.00—$160.00—————
023$13.60$17.30—$165.0035.25%$1.30$1.65510
011$11.20$12.00—$170.0034.52%$2.40$2.751267
1016$7.70$8.50—$175.0033.45%$3.90$4.40788
3543$5.10$5.7032.97%$180.00—$6.20$6.701414
232$3.10$3.7032.67%$185.00—$9.10$10.00340
756$1.90$2.2532.89%$190.00—$12.70$13.60370
5190$1.05$1.4533.48%$195.00—$15.10$19.20280
—————$200.00—$19.60$23.701250
—————$210.00—$28.40$34.6020

Forward $178.95. The 25-delta put carries +1.63 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 36.71%±26.29skew +2.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$70.30$78.70—$105.00—————
02$65.30$73.80—$110.00—————
01$60.30$68.90—$115.00—————
05$55.40$63.90—$120.00—————
02$46.40$53.70—$130.00—————
02$41.60$49.30—$135.00—————
038$37.20$44.30—$140.00—————
027$32.70$39.60—$145.00—————
058$28.50$34.70—$150.00—————
03$24.30$29.10—$155.0040.46%$2.00$3.20360
018$21.30$24.90—$160.0038.88%$2.85$4.00170
025$18.60$20.20—$165.0038.73%$4.50$5.10340
01$15.20$16.90—$170.0037.94%$6.00$6.70231
07$12.40$13.40—$175.0037.58%$8.00$8.70350
09$9.80$10.8036.80%$180.00—$10.20$11.00131
07$7.60$8.6036.56%$185.00—$12.90$13.80140
013$5.90$6.6036.30%$190.00—$16.00$17.00140
46$4.40$5.1036.11%$195.00—$19.30$21.00260
4149$3.30$3.9036.15%$200.00—$22.60$25.80240
049$1.75$2.6037.29%$210.00—$30.90$34.50300
—————$220.00—$38.00$44.80150

Forward $179.70. The 25-delta put carries +2.58 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 35.83%±31.28skew +2.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$95.10$103.60—$80.00—————
02$75.20$83.80—$100.00—————
05$56.40$63.70—$120.00—————
04$51.50$59.00—$125.00—————
019$42.20$49.40—$135.00—————
06$33.50$40.40—$145.00—————
036$29.30$34.50—$150.0038.92%$2.20$3.30350
07$26.50$31.00—$155.0038.79%$3.20$4.401080
018$22.80$28.00—$160.0037.88%$4.40$5.4080
013$19.30$22.80—$165.0037.37%$6.00$6.701610
025$16.80$19.80—$170.0036.93%$7.70$8.50332
020$14.50$15.60—$175.0036.50%$9.70$10.60910
219$11.80$13.0036.20%$180.00—$11.90$13.20700
230$9.50$10.6035.59%$185.00—$15.00$15.70200
023$7.90$8.7035.86%$190.00—$17.60$18.701560
038$5.30$7.2034.35%$195.00—$21.00$23.703910
0170$4.70$5.8035.32%$200.00—$22.30$27.504800
049$2.90$3.6035.19%$210.00—$31.50$36.401590
—————$220.00—$39.00$44.90200

Forward $179.85. The 25-delta put carries +2.69 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 35.12%±35.45skew +2.95
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$47.90$55.20—$130.00—————
03$40.50$46.20—$140.00—————
—————$150.0038.16%$3.20$4.10240
05$28.70$32.90—$155.0037.94%$4.40$5.20126
04$24.70$28.50—$160.0037.14%$5.60$6.40810
—————$165.0037.17%$7.40$8.0020
042$18.10$21.50—$170.0036.60%$9.20$9.701814
01$16.10$17.30—$175.0035.88%$11.00$11.8040
04$13.50$15.10—$180.0035.27%$12.90$14.40140
079$11.30$12.8035.08%$185.00—$15.90$16.90280
08$9.40$10.6034.72%$190.00—$18.60$20.001280
0163$7.90$8.7034.61%$195.00—$22.40$23.20110
2051$6.30$7.2034.26%$200.00—$24.50$27.40420
043$4.10$4.9034.19%$210.00—$32.30$37.30170
096$2.45$3.3033.93%$220.00—$40.20$46.00210
—————$230.00—$48.10$55.1010
—————$240.00—$57.80$64.5010

Forward $180.66. The 25-delta put carries +2.95 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.