Options Skew Analytics

PCG option chain

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

Data as of 23 September 2026 (end of day)

2026-11-20(58 days)ATM 49.24%±2.44skew -3.33
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$11.15$12.75—$1.00—————
01$6.20$7.25—$6.00—————
022$5.20$6.05—$7.00—————
21$3.40$4.10—$9.0057.48%$0.06$0.1163
027$2.55$3.20—$10.0051.38%$0.13$0.201,051142
263$1.74$1.87—$11.0048.54%$0.34$0.3718,3092,289
42093$1.14$1.23—$12.0049.06%$0.70$0.788,947339
2,5963,413$0.70$0.7849.34%$13.00—$1.21$1.324,5421,215
1,6724,765$0.41$0.4950.15%$14.00—$1.73$2.036,4472
1,5545,139$0.25$0.3151.87%$15.00—$2.65$2.961,94432
20385,784$0.18$0.2054.82%$16.00—$3.60$3.801380
—————$17.00—$4.20$4.75730
—————$18.00—$5.05$5.75751
—————$19.00—$6.05$6.70350

Forward $12.45. The 25-delta put carries -3.33 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 48.31%±2.94skew -0.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$10.05$11.80—$2.00—————
01$9.25$10.35—$3.00—————
030$7.30$8.00—$5.00—————
07$5.35$6.00—$7.00—————
020$4.40$5.05—$8.00—————
02$3.50$4.10—$9.00—————
0432$2.65$2.94—$10.0050.43%$0.22$0.301,3270
1156$1.96$2.10—$11.0048.78%$0.46$0.5420,860156
6112$1.34$1.46—$12.0047.51%$0.83$0.912,39840
1921,039$0.89$1.0448.34%$13.00—$1.35$1.507,7853
1,74913,568$0.59$0.6848.35%$14.00—$2.00$2.182,81410
571101,838$0.40$0.4549.33%$15.00—$2.81$2.991,3303
4522,457$0.26$0.3050.04%$16.00—$3.55$3.901,26714
16439,678$0.18$0.2553.05%$17.00—$4.40$4.801,5880
5481,684$0.12$0.1854.15%$18.00—$5.15$5.754,7580
12030,230$0.09$0.1456.23%$19.00—$6.15$6.754800
484140,401$0.08$0.1158.85%$20.00—$7.10$7.754540
—————$22.00—$9.05$9.8080

Forward $12.54. The 25-delta put carries -0.55 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 48.51%±3.38skew -4.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
047$9.25$9.90—$3.00—————
014$7.15$7.95—$5.00—————
01$6.35$7.05—$6.00—————
4260$4.45$4.85—$8.00—————
—————$9.0050.93%$0.17$0.201,2658
511,215$2.76$3.10—$10.0050.31%$0.36$0.404784
0111$2.08$2.30—$11.0048.15%$0.63$0.661,299266
207237$1.50$1.61—$12.0048.79%$1.02$1.169,045476
433,858$1.07$1.1548.51%$13.00—$1.57$1.6526,056244
40337,024$0.76$0.9150.62%$14.00—$2.21$2.399,9144
7329,907$0.53$0.6851.35%$15.00—$2.93$3.158,7213
25955,037$0.40$0.5052.62%$16.00—$3.65$4.002,5741
2359,726$0.26$0.3852.87%$17.00—$4.55$4.9517,8701
1720,505$0.20$0.2653.32%$18.00—$5.25$5.801,5200
225,918$0.15$0.1954.11%$19.00—$6.20$6.801960
19736,512$0.11$0.1655.66%$20.00—$7.50$7.751,4030
—————$21.00—$8.15$8.75790
—————$22.00—$9.50$9.806420
305,247$0.07$0.1162.14%$23.00—$10.15$10.7510
011,305$0.06$0.1167.80%$25.00—————
—————$27.00—$14.10$14.90500

Forward $12.47. The 25-delta put carries -4.47 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 45.68%±4.02skew -1.81
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$9.30$10.40—$3.00—————
02$7.30$8.80—$5.00—————
02$5.45$6.05—$7.00—————
0321$4.55$5.15—$8.00—————
04$3.70$4.30—$9.0050.61%$0.26$0.393,1590
6251$2.99$3.50—$10.0049.03%$0.44$0.651520
030$2.29$2.54—$11.0046.37%$0.72$0.911,0070
21615$1.70$1.99—$12.0046.73%$1.12$1.41145101
34775$1.33$1.5346.03%$13.00—$1.71$1.853,273765
1284,234$0.91$1.1845.02%$14.00—$2.31$2.583,675114
61,770$0.71$0.9045.99%$15.00—$3.00$3.351,5710
0989$0.49$0.7146.13%$16.00—$3.85$4.151992
204,427$0.43$0.5648.17%$17.00—$4.55$5.002,9800
4816$0.30$0.4448.19%$18.00—$5.35$5.909260
0413$0.24$0.3749.66%$19.00—$6.30$6.807650
—————$20.00—$7.25$7.80750
—————$21.00—$8.20$8.80210
—————$24.00—$11.10$11.7510

Forward $12.64. The 25-delta put carries -1.81 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.