Options Skew Analytics

OKE 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 32.43%±4.85skew +3.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$34.00$37.90—$50.00—————
02$14.50$17.60—$70.00—————
01$5.60$7.30—$80.0036.12%$0.25$0.351,71728
—————$82.5034.23%$0.60$0.751023
1133$2.50$2.70—$85.0033.05%$1.35$1.5087836
13611$1.20$1.4531.86%$87.50—$2.55$2.757791
350222$0.50$0.6030.72%$90.00—$4.20$4.6082248
192280$0.15$0.2530.56%$92.50—$5.90$8.1018910
2601,988$0.05$0.1031.60%$95.00—$8.80$10.0038317
—————$97.50—$10.80$13.10170
—————$100.00—$13.30$15.6010

Forward $86.18. The 25-delta put carries +3.51 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 29.13%±8.21skew +3.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$14.90$17.30—$70.00—————
018$10.30$12.50—$75.0034.14%$0.40$0.5034611
17$7.10$7.80—$80.0031.13%$0.95$1.3042724
81$5.50$5.80—$82.5030.24%$1.55$2.004413
12207$3.70$4.20—$85.0029.08%$2.50$2.8090117
1140$2.50$2.9029.15%$87.50—$3.70$4.201772
65593$1.55$2.0028.98%$90.00—$5.10$5.701,22131
4366$0.90$1.2028.12%$92.50—$7.10$7.501720
932,019$0.60$0.8029.22%$95.00—$9.20$10.203141
14238$0.35$0.4529.02%$97.50—$11.00$13.30270
953,200$0.25$0.3030.38%$100.00—$13.40$14.90390
—————$105.00—$17.90$20.6010

Forward $86.24. The 25-delta put carries +3.01 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 29.58%±10.98skew +2.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$44.30$48.10—$40.00—————
07$34.80$37.60—$50.00—————
02$29.70$32.90—$55.00—————
066$25.00$27.90—$60.00—————
01$20.10$22.40—$65.00—————
028$15.30$17.60—$70.00—————
619$11.60$13.40—$75.0031.68%$0.60$1.007480
0932$7.30$9.20—$80.0030.39%$1.50$2.053593
0294$5.30$7.30—$82.5029.98%$2.25$2.853370
93666$4.60$5.40—$85.0030.02%$3.40$3.804593
18348$3.80$4.1029.55%$87.50—$4.60$5.002514
3935$2.80$3.0029.16%$90.00—$6.10$6.704890
13702$2.00$2.3029.43%$92.50—$7.80$8.302000
552,545$1.15$1.6028.02%$95.00—$9.80$10.202200
102,313$0.85$1.1528.63%$97.50—$11.30$13.601810
312,931$0.55$0.7528.29%$100.00—$13.80$15.002244
—————$105.00—$17.60$21.00340

Forward $86.64. The 25-delta put carries +2.37 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 30.03%±15.43skew +3.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$65.0033.42%$0.40$0.651030
0116$15.90$18.10—$70.0032.69%$0.85$1.351960
522$12.40$13.90—$75.0032.21%$1.90$2.304530
0139$8.00$10.30—$80.0030.78%$3.30$3.606601
—————$82.5030.46%$4.10$4.70900
12257$6.40$6.90—$85.0030.36%$5.20$5.902350
115$5.30$5.6030.03%$87.50—$6.60$7.20250
0256$4.10$4.8029.94%$90.00—$7.90$9.601960
062$3.20$3.9029.61%$92.50—$9.50$11.2080
9250$2.50$2.9528.93%$95.00—$10.90$12.202159
1093$1.90$2.4529.07%$97.50—$12.90$14.50980
63,375$1.45$1.8528.70%$100.00—$14.70$17.001450
2614$0.75$1.2028.66%$105.00—————
0411$0.45$0.6028.23%$110.00—————

Forward $86.12. The 25-delta put carries +3.14 volatility points over the 25-delta call.

2027-04-16(158 days)ATM 30.10%±17.11skew +3.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$65.0033.83%$0.60$0.95220
—————$70.0032.56%$1.10$1.70270
—————$75.0031.82%$2.20$2.70110
019$8.90$10.90—$80.0030.99%$3.70$4.20420
—————$82.5030.60%$4.60$5.2080
059$7.00$7.90—$85.0030.50%$5.60$6.50120
01$6.00$6.5030.23%$87.50—————
7183$4.70$5.5029.56%$90.00—$8.30$9.20400
18$3.80$4.4028.94%$92.50—$9.90$11.60860
167$3.00$3.8029.13%$95.00—$11.40$13.60170
11116$2.40$2.9028.50%$97.50—$13.10$14.90200
1190$1.90$2.3028.31%$100.00—$15.10$17.40370
8640$1.25$1.6028.99%$105.00—————
0273$0.70$1.1529.27%$110.00—————

Forward $86.43. The 25-delta put carries +3.51 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 30.16%±20.09skew +1.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
020$30.10$32.60—$55.00—————
010$25.40$27.90—$60.00—————
080$20.90$23.40—$65.0033.26%$1.05$1.651170
08$16.60$19.00—$70.0032.30%$1.90$2.556930
01$13.10$15.10—$75.0030.83%$3.00$3.701561
018$9.80$11.70—$80.0030.59%$4.60$5.702490
038$8.40$10.20—$82.5030.34%$5.70$6.7060
0164$7.20$8.90—$85.0029.82%$6.70$7.901420
04$6.40$7.7030.14%$87.50—$8.00$9.2080
41,086$5.80$6.4030.20%$90.00—$9.40$10.601480
33$4.60$5.7029.83%$92.50—————
0199$4.00$4.9030.04%$95.00—$12.50$14.90440
034$3.30$4.1029.66%$97.50—————
0458$2.70$3.4029.30%$100.00—$16.20$18.2060
10184$1.85$2.4529.32%$105.00—————
21,424$1.30$1.7029.36%$110.00—————
090$0.85$1.3529.90%$115.00—$28.90$31.3080

Forward $85.77. The 25-delta put carries +1.51 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 30.13%±23.85skew +1.08
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$60.0033.89%$1.05$1.7050
02$21.20$23.90—$65.0032.86%$1.75$2.55370
010$17.40$19.80—$70.0032.06%$2.80$3.70130
05$14.00$16.10—$75.0030.92%$4.00$5.2080
06$11.00$12.90—$80.0030.69%$6.00$7.10140
04$9.70$11.50—$82.5030.30%$7.00$8.20430
073$8.50$10.40—$85.0030.26%$8.30$9.40520
01$7.50$9.1029.91%$87.50—————
925$6.90$8.0030.24%$90.00—$10.80$12.10150
02$5.90$6.9029.61%$92.50—————
056$5.00$6.3029.68%$95.00—$13.60$16.20110
06$4.30$5.5029.48%$97.50—————
0102$3.70$4.7029.17%$100.00—————
249$3.00$3.7029.84%$105.00—————
1145$2.05$2.6529.00%$110.00—————
083$1.45$2.2529.52%$115.00—————

Forward $85.62. The 25-delta put carries +1.08 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.