Options Skew Analytics

PATH option chain

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

Data as of 10 November 2026 (end of day)

2026-11-13(3 days)ATM 64.11%±0.74skew -0.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
3749$4.40$4.85—$8.00—————
2110$3.90$4.50—$8.50—————
227$3.35$3.85—$9.00—————
214$2.81$3.35—$9.50—————
207$2.35$2.80—$10.00—————
3516$1.92$2.31—$10.50—————
1831$1.41$1.82—$11.00—————
018$0.95$1.32—$11.5083.83%$0.01$0.062046
210$0.67$0.86—$12.0067.34%$0.05$0.07342118
2215$0.43$0.47—$12.5063.93%$0.16$0.19538384
186788$0.19$0.2164.21%$13.00—$0.41$0.443128
195392$0.06$0.0864.15%$13.50—$0.77$0.939616
2,2092,108$0.02$0.0471.00%$14.00—$1.22$1.51512
103,217$0.01$0.0278.96%$14.50—$1.63$2.1250
29712$0.01$0.0295.63%$15.00—$2.13$2.6263
—————$15.50—$2.63$3.1031
—————$16.00—$3.20$3.6002
—————$16.50—$3.70$4.2501
—————$17.00—$4.20$4.6012
—————$17.50—$4.70$5.1003
—————$18.00—$5.15$5.6512

Forward $12.77. The 25-delta put carries -0.22 volatility points over the 25-delta call.

2026-11-20(10 days)ATM 57.44%±1.21skew +4.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
035$6.35$6.90—$6.00—————
4127$5.45$5.85—$7.00—————
041$4.40$4.85—$8.00—————
070$3.40$3.85—$9.00—————
2502$2.68$2.83—$10.00—————
01$1.98$2.34—$10.50—————
14280$1.75$1.86—$11.0067.25%$0.04$0.071,55513
21$1.05$1.43—$11.5062.12%$0.08$0.1220457
5832$0.95$0.99—$12.0058.75%$0.18$0.202,146318
144$0.58$0.65—$12.5058.57%$0.33$0.4092613
2592,022$0.37$0.3856.65%$13.00—$0.57$0.642,46439
493,637$0.17$0.2254.62%$13.50—$0.90$0.9723633
984,435$0.10$0.1156.08%$14.00—$1.30$1.542,30797
33463$0.05$0.0758.94%$14.50—$1.68$2.10590
2523,722$0.02$0.0357.70%$15.00—$2.22$2.661,4492
5489$0.01$0.0364.16%$15.50—$2.67$3.15100
256,141$0.01$0.0269.15%$16.00—$3.20$3.553436
0102$0.01$0.0276.83%$16.50—————
—————$17.00—$4.15$4.65758
—————$18.00—$5.20$5.35805
—————$19.00—$6.10$6.65300

Forward $12.77. The 25-delta put carries +4.13 volatility points over the 25-delta call.

2026-11-27(17 days)ATM 53.43%±1.48skew +1.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
13$6.40$6.95—$6.00—————
01$5.35$5.90—$7.00—————
020$4.40$4.90—$8.00—————
03$3.90$4.40—$8.50—————
04$3.40$3.90—$9.00—————
07$2.71$2.86—$10.00—————
—————$10.5062.68%$0.03$0.0761
03$1.55$1.91—$11.0057.63%$0.06$0.10515
21$1.25$1.47—$11.5055.07%$0.13$0.16438
044$1.02$1.09—$12.0054.75%$0.25$0.2942235
14886$0.69$0.79—$12.5055.30%$0.43$0.5020738
1531$0.48$0.5052.97%$13.00—$0.67$0.7210621
137170$0.29$0.3252.40%$13.50—$0.99$1.081190
109116$0.18$0.2053.27%$14.00—$1.35$1.45175
0278$0.09$0.1252.55%$14.50—$1.66$2.1930
7162$0.05$0.0854.26%$15.00—$2.18$2.69220
8120$0.03$0.0657.24%$15.50—$2.63$3.1540
1126$0.01$0.0559.40%$16.00—$3.15$3.6510
—————$16.50—$3.65$4.152970
—————$17.00—$4.10$4.6530
—————$19.00—$6.20$6.6002

Forward $12.79. The 25-delta put carries +1.47 volatility points over the 25-delta call.

2026-12-04(24 days)ATM 80.79%±2.64skew +2.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0508$7.35$7.85—$5.00—————
04$4.25$5.15—$8.00—————
14$4.10$4.45—$8.50—————
03$3.45$4.00—$9.00—————
03$2.84$3.05—$10.0085.16%$0.14$0.1942
—————$10.5085.32%$0.22$0.3010120
014$2.03$2.23—$11.0084.17%$0.32$0.431606
10$1.75$1.81—$11.5081.47%$0.46$0.55193
04$1.42$1.49—$12.0080.33%$0.63$0.741035
107$1.14$1.23—$12.5082.53%$0.84$1.05511
103,102$0.90$0.9780.82%$13.00—$1.09$1.315,2765
1984$0.70$0.7780.20%$13.50—$1.39$1.61382
4256$0.54$0.6079.68%$14.00—$1.73$1.92521
151,051$0.42$0.4780.01%$14.50—$2.11$2.30150
11248$0.32$0.3579.37%$15.00—$2.42$2.87202
542$0.19$0.3078.37%$15.50—$2.86$3.30110
25137$0.20$0.2181.18%$16.00—$3.30$3.7510
0231$0.14$0.2385.53%$16.50—————
—————$18.00—$5.15$5.6510

Forward $12.74. The 25-delta put carries +2.11 volatility points over the 25-delta call.

2026-12-11(31 days)ATM 78.45%±2.90skew +5.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0112$7.40$7.95—$5.00—————
022$4.45$4.95—$8.00—————
04$3.95$4.50—$8.50—————
04$3.50$4.00—$9.00—————
01$3.05$3.55—$9.50—————
01$2.65$3.15—$10.0078.51%$0.17$0.22132
—————$10.5079.33%$0.23$0.3820
—————$11.0081.51%$0.38$0.5520
01$1.80$1.92—$11.5079.70%$0.54$0.69452
60$1.48$1.61—$12.0077.48%$0.70$0.8862
323$1.14$1.33—$12.5077.52%$0.95$1.11319
1133$0.96$1.0978.45%$13.00—$1.17$1.38120
0308$0.76$0.9078.17%$13.50—$1.45$1.6750
3181$0.60$0.8180.72%$14.00—$1.83$1.9981
08$0.47$0.5877.40%$14.50—————
092$0.34$0.4676.11%$15.00—————
053$0.29$0.3978.62%$15.50—$2.94$3.3501
07$0.18$0.2579.38%$16.50—————

Forward $12.71. The 25-delta put carries +5.39 volatility points over the 25-delta call.

2026-12-18(38 days)ATM 71.43%±2.96skew +1.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
044$7.65$11.10—$3.00—————
0213$7.40$8.00—$5.00—————
011$6.20$7.00—$6.00—————
0536$5.40$6.00—$7.00—————
074$4.65$5.00—$8.00—————
0169$3.75$4.00—$9.0082.49%$0.10$0.141,0492
01,012$2.95$3.15—$10.0077.52%$0.19$0.282,4538
131,373$2.21$2.39—$11.0073.58%$0.41$0.461,17123
28,121$1.53$1.65—$12.0073.63%$0.79$0.811,83890
1091,118$1.08$1.1271.47%$13.00—$1.23$1.306,65499
784,735$0.70$0.7671.36%$14.00—$1.87$2.091,3089
1327,779$0.46$0.4971.67%$15.00—$2.58$2.956,3560
252,770$0.31$0.3373.47%$16.00—$3.45$3.702941
7010,725$0.19$0.2475.01%$17.00—$4.25$4.751830
35,533$0.12$0.1776.45%$18.00—$5.25$5.701480
—————$19.00—$6.15$6.701070
413,403$0.07$0.0981.77%$20.00—$7.15$7.651610
—————$21.00—$8.15$8.75430
122,299$0.04$0.0687.31%$22.00—$8.90$10.15140
—————$23.00—$10.05$10.9510
0305$0.03$0.0493.02%$24.00—————

Forward $12.83. The 25-delta put carries +1.90 volatility points over the 25-delta call.

2026-12-24(44 days)ATM 70.61%±3.13skew +4.66
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
718116$7.50$8.50—$5.00—————
221$4.45$5.15—$8.00—————
20$4.00$4.55—$8.50—————
05$3.55$5.00—$9.00—————
—————$10.5075.44%$0.32$0.4760
—————$11.0075.89%$0.45$0.6530
—————$11.5073.56%$0.61$0.7820
—————$12.5071.76%$1.01$1.2250
—————$13.00—$1.27$1.48520
120$0.70$0.8369.80%$14.00—————
10$0.56$0.7270.79%$14.50—————
24$0.45$0.5870.41%$15.00—$2.63$2.8301
20$0.28$0.4171.23%$16.00—————

Forward $12.77. The 25-delta put carries +4.66 volatility points over the 25-delta call.

2027-01-15(66 days)ATM 62.53%±3.43skew +2.93
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0159$9.30$10.00—$3.00—————
21,002$7.40$8.45—$5.00—————
028$6.35$7.00—$6.0093.29%$0.02$0.052220
071$5.50$6.00—$7.00—————
201,720$4.55$5.00—$8.00—————
0146$3.65$4.15—$9.0071.22%$0.15$0.221,8834
39,149$2.81$3.25—$10.0068.55%$0.28$0.4125,7291
0830$2.37$2.57—$11.0064.94%$0.55$0.597884
368,267$1.72$1.96—$12.0063.28%$0.89$0.9613,97396
2111,803$1.23$1.3862.43%$13.00—$1.37$1.45774120
552,794$0.92$0.9562.79%$14.00—$2.03$2.212,0500
23921,534$0.63$0.6862.89%$15.00—$2.71$2.978,2210
16597$0.39$0.4862.00%$16.00—$3.55$3.801220
18110,801$0.29$0.3664.24%$17.00—$4.40$4.701,6540
14,270$0.19$0.3066.23%$18.00—$5.25$5.806400
31,378$0.11$0.1863.91%$19.00—$6.20$6.701840
1616,863$0.12$0.1669.32%$20.00—$7.25$7.658650
—————$22.00—$9.15$9.651100
—————$23.00—$10.10$10.6530
1336$0.04$0.0674.13%$24.00—————
51413,096$0.04$0.0779.16%$25.00—$12.10$12.7530

Forward $12.89. The 25-delta put carries +2.93 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.