Options Skew Analytics

OWL option chain

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

Data as of 25 September 2026 (end of day)

2026-10-16(21 days)ATM 46.02%±1.03skew +8.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
7138$8.10$8.40—$1.00—————
4019$7.10$7.50—$2.00—————
20$6.00$6.60—$3.00—————
11$4.80$5.60—$4.00—————
01$4.00$4.70—$5.00—————
02$3.10$3.70—$6.00—————
028$2.10$2.50—$7.00—————
03$1.65$2.00—$7.50—————
075$1.20$1.50—$8.0056.43%$0.05$0.1012,48211
07$0.75$1.10—$8.5048.50%$0.10$0.15140126
123,034$0.50$0.65—$9.0047.71%$0.25$0.308,701116
31106$0.30$0.3545.26%$9.50—$0.45$0.55980
19018,960$0.10$0.1539.91%$10.00—$0.75$0.953,75720
211149$0.05$0.1045.37%$10.50—$1.15$1.4510
—————$11.00—$1.65$1.8510,3548
—————$12.00—$2.45$2.959300
—————$12.50—$3.00$3.4040
—————$13.00—$3.60$4.103550
—————$14.00—$4.30$5.1010

Forward $9.32. The 25-delta put carries +8.60 volatility points over the 25-delta call.

2027-01-15(112 days)ATM 46.46%±2.37skew +7.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
44$8.10$8.60—$1.00—————
01$6.90$7.70—$2.00—————
03$6.00$6.60—$3.00—————
060$4.10$4.60—$5.00—————
014$3.10$3.60—$6.00—————
021$2.35$2.55—$7.0051.30%$0.15$0.2599845
23,828$1.55$1.75—$8.0051.06%$0.45$0.5027,074298
111,089$0.95$1.10—$9.0046.55%$0.75$0.906,53457
648,109$0.60$0.6546.38%$10.00—$1.35$1.4538,8001
614,943$0.30$0.3543.93%$11.00—$2.10$2.302,0260
65,892$0.15$0.2545.83%$12.00—$2.90$3.203,3290
1399,337$0.10$0.1547.49%$13.00—$3.80$4.1012,4358
02,842$0.05$0.1048.36%$14.00—$4.80$5.00570
—————$15.00—$5.60$6.105,5310
—————$16.00—$6.60$7.10560
—————$17.00—$7.70$8.002,2610
—————$19.00—$9.40$10.30650
—————$20.00—$10.60$11.007820
—————$22.00—$12.40$13.101290
—————$25.00—$15.50$16.20500
—————$27.00—$17.30$18.2010

Forward $9.20. The 25-delta put carries +7.13 volatility points over the 25-delta call.

2027-02-19(147 days)ATM 48.40%±2.82skew +4.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$6.90$7.70—$2.00—————
010$4.90$5.70—$4.00—————
—————$5.0063.27%$0.05$0.10532140
01$3.10$3.60—$6.00—————
061$2.25$2.70—$7.0052.09%$0.25$0.357130
0215$1.65$1.90—$8.0052.21%$0.55$0.704132
65555$1.15$1.30—$9.0050.41%$1.00$1.102,3505
22,644$0.70$0.8547.71%$10.00—$1.55$1.708,1721
0420$0.40$0.6047.57%$11.00—$2.20$2.456922
—————$12.00—$3.00$3.302800
—————$13.00—$3.80$4.301780
—————$14.00—$4.70$5.20360
7422,064$0.05$0.1047.54%$15.00—$5.60$6.20160
—————$16.00—$6.60$7.10500
—————$17.00—$7.40$8.3080
—————$18.00—$8.50$9.10300
—————$20.00—$10.60$11.00130

Forward $9.18. The 25-delta put carries +4.64 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.