Options Skew Analytics

PCG 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 65.50%±1.50skew -15.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$5.40$6.35—$7.50—————
02$4.85$5.65—$8.00—————
010$3.90$4.65—$9.00—————
034$2.93$3.35—$10.00—————
020$2.45$3.15—$10.50—————
203,957$1.99$2.40—$11.0064.42%$0.01$0.0536,71484
07$1.60$1.92—$11.5064.65%$0.05$0.101,89541
4,7396,673$1.26$1.53—$12.0063.19%$0.12$0.1817,677472
25125$0.91$1.00—$12.5061.87%$0.24$0.313,51261
12,26822,086$0.65$0.71—$13.0064.71%$0.45$0.5513,914184
18720,864$0.45$0.4866.30%$13.50—$0.75$0.825,1912,191
6,88947,310$0.32$0.3570.90%$14.00—$1.10$1.224,0633,602
24915,340$0.23$0.2977.37%$14.50—$1.53$1.63138127
1,12833,628$0.16$0.2280.85%$15.00—$1.77$2.102,16811
57680$0.12$0.1684.13%$15.50—$2.21$2.582320
52,228116,743$0.11$0.1491.78%$16.00—$2.76$3.1036145
1245,666$0.09$0.1499.41%$16.50—$3.25$3.65510
3,22825,815$0.08$0.10102.24%$17.00—$3.70$4.15930
72,775$0.07$0.11110.67%$17.50—————
3,53992,734$0.08$0.09117.21%$18.00—$4.65$5.206020
322$0.06$0.10123.23%$18.50—————

Forward $13.18. The 25-delta put carries -15.50 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 65.83%±1.93skew -14.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
8217$8.95$9.50—$4.00—————
120149$7.95$8.50—$5.00—————
096$6.85$7.65—$6.00—————
043$5.90$6.65—$7.00—————
028$5.40$6.15—$7.50—————
044$4.90$5.65—$8.00—————
011$2.07$2.47—$11.00—————
05$1.68$2.02—$11.50—————
2011$1.27$1.62—$12.0061.05%$0.20$0.29207120
063$1.06$1.16—$12.5061.66%$0.37$0.451001
63335$0.78$0.88—$13.0063.44%$0.59$0.705,17860
53182$0.58$0.7066.78%$13.50—$0.88$0.9713410
33610,875$0.44$0.5067.70%$14.00—$1.21$1.31620
52215$0.34$0.4372.98%$14.50—$1.62$1.73017
25,28149,626$0.26$0.3375.17%$15.00—$2.03$2.142381
0148$0.20$0.2878.89%$15.50—$2.23$2.68440
192,116$0.15$0.2179.99%$16.00—————
—————$16.50—$3.20$3.7022
—————$17.00—$3.70$4.05050
—————$17.50—$4.15$4.6510
—————$18.50—$5.10$5.70—0

Forward $13.19. The 25-delta put carries -14.12 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 65.51%±2.26skew -13.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
59225$8.95$9.80—$4.00—————
23110$7.85$8.75—$5.00—————
275$6.95$9.15—$6.00—————
621$6.00$8.15—$7.00—————
1650$5.45$7.60—$7.50—————
9217$5.05$7.15—$8.00—————
01$3.90$6.20—$9.00—————
—————$11.5061.37%$0.17$0.266846
—————$12.0061.33%$0.29$0.409580
031$1.18$1.29—$12.5060.89%$0.48$0.55283
61208$0.91$1.02—$13.0063.64%$0.72$0.83157103
31,082$0.72$0.8266.01%$13.50—$0.96$1.10940
7145$0.56$0.6667.94%$14.00—$1.30$1.44370
2191$0.44$0.5470.33%$14.50—————
116926$0.35$0.4472.59%$15.00—$2.12$2.2305
514$0.27$0.3774.75%$15.50—$2.33$2.68040
11,075$0.21$0.2573.52%$16.00—————
10711$0.13$0.2179.92%$17.00—————
23850$0.10$0.1685.74%$18.00—————

Forward $13.19. The 25-delta put carries -13.42 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 57.07%±2.24skew -10.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
215234$8.95$9.55—$4.00—————
21454$7.85$8.55—$5.00—————
72132$7.00$9.15—$6.00—————
2227$5.85$8.15—$7.00—————
14430$5.45$7.70—$7.50—————
1219$5.00$7.20—$8.00—————
—————$11.5057.51%$0.19$0.291080
210$1.51$1.68—$12.0056.75%$0.30$0.43475
0803$1.20$1.35—$12.5057.73%$0.47$0.64512
7059$0.98$1.07—$13.0058.53%$0.72$0.8624762
0317$0.68$0.8656.98%$13.50—$0.98$1.1516710
056$0.55$0.7059.86%$14.00—$1.32$1.4950
54$0.45$0.5762.51%$14.50—$1.69$1.932260
054$0.38$0.5166.96%$15.00—$2.11$2.3101
191$0.17$0.2769.57%$16.50—————
542,337$0.17$0.2675.00%$17.00—$3.70$4.2040
—————$18.00—$4.70$5.10020

Forward $13.24. The 25-delta put carries -10.20 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 60.43%±2.61skew -11.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
170296$11.95$12.55—$1.00—————
284$10.85$13.05—$2.00—————
72187$10.05$10.55—$3.00—————
368$8.90$11.15—$4.00—————
20203$8.05$8.55—$5.00—————
09$6.90$9.15—$6.00—————
069$5.90$8.15—$7.00—————
025$4.90$7.20—$8.00—————
02$3.95$4.55—$9.00—————
321,469$3.20$3.40—$10.00—————
1149$2.25$2.52—$11.0059.65%$0.20$0.2358,19585
157,169$1.59$1.76—$12.0058.46%$0.43$0.5018,582273
54447,778$1.09$1.17—$13.0059.45%$0.86$0.9422,2551,160
2,35153,997$0.73$0.7761.80%$14.00—$1.48$1.583,17341
137,967108,905$0.50$0.5365.40%$15.00—$2.02$2.361,3741
10,80518,522$0.36$0.3969.92%$16.00—$2.95$3.201,20028
6,86482,035$0.28$0.2974.49%$17.00—$3.80$4.151,5140
5,20387,676$0.18$0.2376.91%$18.00—$4.65$5.104,7490
—————$19.00—$5.75$6.105555
83,65480,909$0.08$0.1380.41%$20.00—————

Forward $13.23. The 25-delta put carries -11.46 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 53.90%±3.06skew -5.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$10.85$11.55—$2.00—————
047$9.85$10.65—$3.00—————
013$7.90$8.65—$5.00—————
01$6.90$7.70—$6.00—————
0260$4.90$5.45—$8.00—————
0161$4.00$4.60—$9.00—————
21,672$3.30$3.55—$10.00—————
0180$2.33$2.84—$11.0054.07%$0.28$0.381,920135
231,040$1.80$1.95—$12.0053.65%$0.59$0.679,454116
1,4556,999$1.27$1.41—$13.0054.51%$1.06$1.1229,0682,432
97247,155$0.87$0.9353.60%$14.00—$1.64$1.7610,5180
33,24177,041$0.60$0.6755.53%$15.00—$2.31$2.518,7059
2,349138,810$0.46$0.5159.23%$16.00—$3.15$3.352,54840
19673,195$0.33$0.3861.15%$17.00—$3.95$4.2017,79610
26,69719,579$0.26$0.3365.26%$18.00—$4.85$5.251,5100
15028,054$0.17$0.2666.20%$19.00—$5.65$6.201960
214128,301$0.14$0.2068.34%$20.00—$6.85$7.051,3640
—————$21.00—$7.65$8.15770
50069,729$0.12$0.1877.09%$22.00—$8.80$9.106420
3018,728$0.10$0.1578.88%$23.00—————
6262,437$0.07$0.1379.81%$24.00—————

Forward $13.25. The 25-delta put carries -5.58 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 48.53%±3.86skew +0.33
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$10.85$11.65—$2.00—————
012$9.85$10.65—$3.00—————
01$8.85$9.70—$4.00—————
02$7.85$8.70—$5.00—————
02$5.95$6.60—$7.00—————
1382$5.10$5.65—$8.00—————
05$4.15$4.70—$9.00—————
7259$3.35$3.90—$10.0051.94%$0.27$0.401,4230
0179$2.58$3.15—$11.0050.59%$0.55$0.591,383392
0569$2.12$2.28—$12.0050.49%$0.84$1.0269616
2034,801$1.55$1.75—$13.0048.25%$1.25$1.414,0240
525,554$1.19$1.2948.54%$14.00—$1.76$2.003,99720
01,691$0.79$1.0348.44%$15.00—$2.46$2.741,5750
3,1484,896$0.64$0.7950.38%$16.00—$3.25$3.503130
19616,600$0.50$0.5450.26%$17.00—$4.05$4.302,98080
2371,507$0.31$0.4851.10%$18.00—$4.75$5.359310
3,078423$0.26$0.3852.84%$19.00—$5.65$6.257650
015,231$0.21$0.3154.32%$20.00—$6.60$7.20750
—————$21.00—$7.60$8.15200
01,210$0.10$0.1458.97%$24.00—————
12,014$0.09$0.1360.97%$25.00—————

Forward $13.32. The 25-delta put carries +0.33 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 43.18%±4.50skew +1.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$9.85$10.65—$3.00—————
03$7.90$8.75—$5.00—————
040$7.00$7.60—$6.00—————
0217$5.20$5.70—$8.00—————
—————$9.0050.53%$0.26$0.41110
040$3.55$4.15—$10.0048.13%$0.44$0.599,2720
—————$11.0045.49%$0.62$0.874010
0180$2.38$2.59—$12.0044.58%$0.97$1.232751
01,767$1.87$2.07—$13.0044.44%$1.46$1.685,2660
10536$1.36$1.6543.17%$14.00—$1.95$2.234150
02,423$1.04$1.3143.32%$15.00—$2.61$2.925,2100
1281$0.84$1.0544.33%$16.00—$3.35$3.6520
01,328$0.65$0.8444.72%$17.00—$4.15$4.452,0780
01,516$0.44$0.6944.40%$18.00—————
05,455$0.33$0.4246.09%$20.00—$6.65$7.258360

Forward $13.41. The 25-delta put carries +1.09 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.