Options Skew Analytics

PATH option chain

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

Data as of 25 September 2026 (end of day)

2026-10-09(14 days)ATM 52.12%±1.27skew -2.80
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1428$7.30$7.90—$5.00—————
42$6.30$6.65—$6.00—————
01$5.25$5.85—$7.00—————
41$4.30$4.60—$8.00—————
01$3.80$6.00—$8.50—————
0151$3.30$4.05—$9.00—————
0150$2.30$3.10—$10.00—————
01$1.85$2.95—$10.50—————
114$1.40$1.60—$11.0052.69%$0.05$0.08353
—————$11.5051.77%$0.13$0.161099
1629$0.63$1.05—$12.0052.60%$0.29$0.3119535
2299$0.46$0.5352.11%$12.50—$0.50$0.54287124
167196$0.29$0.3252.97%$13.00—$0.79$1.00504363
80179$0.17$0.2054.57%$13.50—$1.13$1.373447
300156$0.10$0.1256.16%$14.00—$1.52$1.73336157
1,121210$0.04$0.0755.40%$14.50—$1.73$2.251216
202418$0.03$0.0559.97%$15.00—$2.48$2.762896
5397$0.02$0.0464.26%$15.50—$2.65$3.20500
—————$16.00—$3.25$3.6592
—————$16.50—$3.65$4.35170
136$0.01$0.0597.57%$18.00—$5.05$5.90501

Forward $12.47. The 25-delta put carries -2.80 volatility points over the 25-delta call.

2026-10-16(21 days)ATM 51.55%±1.54skew -2.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$5.10$8.50—$6.00—————
064$4.15$5.80—$8.00—————
157$2.37$2.79—$10.0053.64%$0.01$0.042045
—————$10.5053.33%$0.05$0.07170
045$1.48$1.81—$11.0052.85%$0.11$0.14803387
4020$1.11$1.39—$11.5051.41%$0.21$0.245535
190$0.82$0.94—$12.0051.16%$0.37$0.412,836158
3171$0.56$0.6451.40%$12.50—$0.60$0.6548555
1731,618$0.40$0.4453.38%$13.00—$0.89$0.953,51081
245215$0.26$0.2953.69%$13.50—$1.09$1.39440
1283,433$0.15$0.1953.49%$14.00—$1.65$1.805,37733
9536$0.10$0.1355.45%$14.50—$1.84$2.2654
1312,779$0.06$0.0956.72%$15.00—$2.47$2.712,176122
62355$0.04$0.0658.23%$15.50—$2.70$3.2560
2742,374$0.03$0.0561.76%$16.00—$3.45$3.7066014
151$0.02$0.0464.14%$16.50—————
1272,773$0.02$0.0367.42%$17.00—$4.40$4.706225
—————$17.50—$4.80$5.2001
61,090$0.01$0.0477.34%$18.00—$5.35$5.701600
—————$19.00—$5.10$8.35180
21,510$0.01$0.0288.33%$20.00—$7.25$9.35320

Forward $12.47. The 25-delta put carries -2.28 volatility points over the 25-delta call.

2026-10-23(28 days)ATM 53.89%±1.87skew +0.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
60159$7.20$8.40—$5.00—————
021$2.40$3.45—$10.00—————
012$1.46$2.10—$11.0054.57%$0.17$0.201361,717
017$1.14$1.50—$11.5053.83%$0.29$0.322019
110$0.98$1.07—$12.0054.45%$0.47$0.51268314
422$0.71$0.87—$12.5055.09%$0.71$0.751088
25188$0.51$0.5551.78%$13.00—$0.99$1.071053
25225$0.36$0.3952.50%$13.50—$1.12$1.481407
16400$0.25$0.2753.10%$14.00—$1.50$1.881732
698$0.17$0.1953.96%$14.50—$1.98$2.34270
59591$0.09$0.1352.95%$15.00—$2.55$2.81695
30130$0.08$0.1157.29%$15.50—$2.88$3.25153
—————$16.00—$3.45$3.70134
—————$16.50—$3.40$4.4070
—————$17.00—$4.35$4.9060
—————$17.50—$4.60$5.8510
—————$18.00—$5.10$6.00141
—————$20.00—$6.95$8.75640
—————$20.50—$7.30$9.25750
—————$22.00—$9.25$10.0010

Forward $12.56. The 25-delta put carries +0.72 volatility points over the 25-delta call.

2026-10-30(35 days)ATM 54.34%±2.10skew -4.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$5.85$9.55—$5.00—————
011$2.90$3.45—$9.50—————
02$2.01$2.53—$10.50—————
247$1.63$2.21—$11.0053.23%$0.23$0.26887
01$1.26$1.71—$11.5053.17%$0.34$0.44607
01$0.99$1.38—$12.0052.25%$0.54$0.6017125
54$0.75$0.8753.41%$12.50—$0.76$0.907710
13188$0.56$0.7556.86%$13.00—$0.96$1.21794
774$0.41$0.6158.36%$13.50—$1.40$1.5234715
38151$0.30$0.3755.11%$14.00—$1.74$1.95832
1153$0.21$0.3357.91%$14.50—$2.02$2.3982
84194$0.16$0.2458.58%$15.00—$2.39$2.791312
—————$15.50—$2.91$3.35417
—————$16.00—$3.20$3.75172
36331$0.05$0.1059.63%$16.50—————
1769$0.03$0.0860.29%$17.00—$4.15$4.75270
162$0.02$0.0664.81%$18.00—$5.15$5.7010
—————$18.50—$5.50$6.4020

Forward $12.48. The 25-delta put carries -4.74 volatility points over the 25-delta call.

2026-11-20(56 days)ATM 54.91%±2.70skew -1.56
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$7.55$10.55—$4.00—————
035$5.45$8.55—$6.00—————
5133$5.35$6.90—$7.00—————
032$4.40$4.90—$8.00—————
071$3.45$3.85—$9.0058.72%$0.06$0.108670
0480$2.61$2.95—$10.0057.07%$0.18$0.227801
0277$1.87$2.14—$11.0055.38%$0.39$0.451,85194
144856$1.30$1.38—$12.0054.75%$0.76$0.821,015757
24772$0.84$0.9254.96%$13.00—$1.29$1.362,24257
2842,846$0.54$0.5955.62%$14.00—$1.98$2.082,25040
701,989$0.35$0.3856.94%$15.00—$2.78$2.891,484105
566,401$0.20$0.2557.38%$16.00—$3.60$3.853404
141,014$0.12$0.1758.68%$17.00—$4.30$4.751181
353,004$0.09$0.1261.40%$18.00—$5.25$5.701450
—————$19.00—$6.25$6.70930
1741,329$0.05$0.0766.52%$20.00—$7.25$7.70600
—————$21.00—$7.95$8.90350
2180$0.01$0.0568.80%$22.00—————
2706$0.02$0.0782.18%$24.00—————
5700$0.01$0.0482.92%$26.00—————

Forward $12.55. The 25-delta put carries -1.56 volatility points over the 25-delta call.

2026-12-18(84 days)ATM 63.85%±3.86skew -0.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
044$8.00$11.60—$3.00—————
0212$7.20$8.05—$5.00—————
011$5.35$7.10—$6.00—————
38524$5.45$5.70—$7.0072.45%$0.03$0.091250
1952$4.50$4.80—$8.00—————
0183$3.65$4.10—$9.0066.83%$0.24$0.279761
0546$2.91$3.25—$10.0064.68%$0.44$0.472,45888
251,351$2.24$2.46—$11.0064.16%$0.75$0.801,072123
88,271$1.74$1.83—$12.0064.39%$1.19$1.251,490290
5858$1.32$1.3863.92%$13.00—$1.73$1.786,53617
531,424$0.96$1.0363.66%$14.00—$2.37$2.471,4051
3142,495$0.72$0.7664.23%$15.00—$3.10$3.258,53223
252,116$0.51$0.5764.34%$16.00—$3.65$4.102840
2010,477$0.37$0.5969.46%$17.00—$4.60$4.952372
814,952$0.30$0.4570.61%$18.00—$5.35$5.851370
3345$0.23$0.3169.90%$19.00—$6.35$6.801001
683,576$0.18$0.2069.02%$20.00—$7.20$7.751610
—————$21.00—$8.20$8.75430
—————$22.00—$9.15$9.70150
—————$23.00—$9.95$10.85320

Forward $12.59. The 25-delta put carries -0.19 volatility points over the 25-delta call.

2027-01-15(112 days)ATM 62.67%±4.38skew -2.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0163$9.00$11.05—$3.00—————
01,084$7.35$8.10—$5.00—————
030$5.40$6.85—$6.00—————
071$5.50$6.10—$7.00—————
31,780$4.60$5.10—$8.0064.79%$0.14$0.2035,9310
0144$3.80$4.30—$9.0066.07%$0.28$0.451,7770
09,178$3.05$3.30—$10.0062.86%$0.55$0.6025,677117
3833$2.44$2.80—$11.0062.17%$0.88$0.958082
208,357$1.94$2.04—$12.0061.83%$1.33$1.3914,3602
1321,453$1.50$1.6562.98%$13.00—$1.88$2.0043434
141,286$1.15$1.2562.18%$14.00—$2.40$2.8266630
1,71523,308$0.92$0.9863.34%$15.00—$3.10$3.408,2750
26543$0.68$0.7763.19%$16.00—$3.95$4.301091
910,740$0.54$0.6164.20%$17.00—$4.85$5.051,6570
4264,116$0.43$0.4965.22%$18.00—$5.50$6.006410
11,363$0.32$0.4968.10%$19.00—$6.40$6.901840
—————$20.00—$7.55$7.809010
—————$22.00—$9.35$9.751100
—————$23.00—$10.20$10.7030
113,437$0.10$0.1572.29%$25.00—$12.25$12.80800
2622,162$0.05$0.1079.08%$30.00—————

Forward $12.63. The 25-delta put carries -2.03 volatility points over the 25-delta call.

2027-02-19(147 days)ATM 61.63%±4.98skew +0.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$7.40$10.60—$4.00—————
02$6.30$9.65—$5.00—————
02$6.50$7.10—$6.00—————
01$5.60$6.15—$7.0066.43%$0.11$0.16850
023$4.70$5.15—$8.0065.24%$0.24$0.29200
014$3.95$4.35—$9.0063.19%$0.38$0.51940
023$3.25$3.65—$10.0061.98%$0.63$0.7980
028$2.66$3.10—$11.0064.86%$1.07$1.261250
043$2.16$2.55—$12.0061.03%$1.41$1.641100
4100$1.77$1.8861.27%$13.00—$1.95$2.21470
8141$1.42$1.5461.73%$14.00—$2.43$2.86940
4395$1.14$1.2562.05%$15.00—$3.25$3.605280
13131$0.90$1.1464.24%$16.00—$4.00$4.35530
0603$0.73$0.9564.87%$17.00—$4.80$5.201,2300
0448$0.62$0.7164.36%$18.00—$5.85$6.003150
0326$0.52$0.5764.78%$19.00—$6.80$6.904690
0365$0.39$0.5766.66%$20.00—$7.40$7.903850
—————$25.00—$12.15$12.701770

Forward $12.74. The 25-delta put carries +0.50 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.