Options Skew Analytics

PCT option chain

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

Data as of 8 October 2025 (end of day)

2025-10-17(9 days)ATM 70.70%±1.65skew -4.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
064$6.90$9.90—$7.00—————
018$6.70$7.00—$8.00—————
02$5.80$7.20—$9.00—————
061$4.80$5.00—$10.00—————
0455$3.80$4.00—$11.00—————
50152$2.85$2.95—$12.0097.72%$0.05$0.101,00511
02$2.40$2.50—$12.50—————
33448$1.95$2.05—$13.00—————
057$1.00$1.60—$13.5076.25%$0.15$0.251413
1225,666$1.10$1.20—$14.0071.45%$0.25$0.351451,523
441,710$0.80$0.90—$14.5070.22%$0.45$0.50101
401,217$0.55$0.6570.71%$15.00—$0.70$0.7515011
461$0.35$0.4570.14%$15.50—————
65278$0.25$0.3575.45%$16.00—$1.35$1.452119
5012$0.15$0.2576.25%$16.50—————
—————$24.00—$8.80$9.30—0

Forward $14.87. The 25-delta put carries -4.00 volatility points over the 25-delta call.

2025-10-24(16 days)ATM 70.20%±2.19skew -0.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$7.80$9.90—$7.00—————
02$6.80$8.90—$8.00—————
02$4.70$6.70—$10.00—————
01$4.10$6.40—$10.50—————
1540$2.05$2.15—$13.0070.94%$0.15$0.25240
021$1.65$1.80—$13.5071.62%$0.25$0.40560
047$1.30$1.40—$14.0072.88%$0.45$0.5543
23105$0.95$1.15—$14.5070.22%$0.60$0.7520
3545$0.75$0.9070.19%$15.00—$0.85$1.00300
014$0.55$0.7070.52%$15.50—$1.15$1.3020
04$0.40$0.5571.67%$16.00—————
048$0.30$0.4072.00%$16.50—————
050$0.15$0.2574.89%$17.50—————
—————$22.50—$7.00$9.60—0

Forward $14.90. The 25-delta put carries -0.38 volatility points over the 25-delta call.

2025-10-31(23 days)ATM 70.40%±2.63skew -0.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$7.50$9.60—$7.00—————
015$6.80$8.90—$8.00—————
013$2.15$2.30—$13.0074.32%$0.30$0.40526
01$1.80$1.95—$13.5072.45%$0.40$0.5565
010$1.50$1.60—$14.0072.01%$0.60$0.7061
014$1.20$1.30—$14.5070.74%$0.80$0.90180
7159$0.95$1.0570.36%$15.00—$1.05$1.15360
565$0.75$0.8570.77%$15.50—————
35168$0.60$0.7072.30%$16.00—$1.70$1.8011
30246$0.45$0.5571.71%$16.50—————
4049$0.35$0.4572.92%$17.00—————
030$0.30$0.4076.78%$17.50—————

Forward $14.90. The 25-delta put carries -0.46 volatility points over the 25-delta call.

2025-11-21(44 days)ATM 87.53%±4.54skew -1.49
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$10.50$12.10—$4.00—————
037$8.60$11.20—$5.00—————
0145$7.50$9.70—$6.00—————
0361$7.80$8.10—$7.00—————
0497$6.90$7.10—$8.00—————
0472$5.90$6.10—$9.00—————
22733$5.00$5.20—$10.0096.05%$0.20$0.251,4590
01,594$4.20$4.40—$11.0092.78%$0.35$0.403,1466
271,161$3.40$3.60—$12.0087.00%$0.50$0.6058227
25962$2.75$2.90—$13.0088.17%$0.85$0.953803
572,843$2.20$2.30—$14.0086.70%$1.25$1.3541715
1004,986$1.65$1.8587.00%$15.00—$1.75$1.902913
2962,254$1.30$1.4587.71%$16.00—$2.35$2.501021
273,815$1.00$1.1087.15%$17.00—$3.00$3.20402
2991$0.80$0.9089.76%$18.00—$3.80$4.00170
71,605$0.60$0.7089.67%$19.00—$4.60$4.8050
9334$0.45$0.5589.98%$20.00—$5.50$5.70290
0192$0.35$0.4591.49%$21.00—$6.10$6.6050
1841$0.25$0.3591.08%$22.00—$7.10$7.5010
2244$0.20$0.3093.31%$23.00—————
1461$0.15$0.2594.30%$24.00—$9.10$9.4060

Forward $14.92. The 25-delta put carries -1.49 volatility points over the 25-delta call.

2025-12-19(72 days)ATM 82.08%±5.46skew -0.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
032$7.60$8.10—$7.00—————
02$6.60$8.60—$8.00—————
017$5.00$5.40—$10.0086.65%$0.30$0.40120
29$4.40$4.60—$11.0084.70%$0.50$0.601410
2070$3.70$3.90—$12.0084.63%$0.80$0.90466
1917$3.10$3.20—$13.0083.21%$1.15$1.254310
18218$2.55$2.65—$14.0082.88%$1.60$1.70810
25313$2.10$2.2082.54%$15.00—$2.10$2.25570
4212$1.70$1.8082.08%$16.00—$2.70$2.85681
0179$1.40$1.5083.04%$17.00—$3.40$3.60263
4110$1.15$1.2583.84%$18.00—$4.10$4.3072
0794$0.95$1.0584.84%$19.00—$4.90$5.10164
714,055$0.75$0.8584.20%$20.00—$5.70$5.90110
361$0.60$0.7585.49%$21.00—$6.60$6.80322
034$0.50$0.6586.85%$22.00—$7.50$7.70126
063$0.40$0.5587.16%$23.00—$8.20$8.60174
1313$0.35$0.4587.91%$24.00—$9.10$9.8020
516$0.25$0.4087.71%$25.00—————
—————$30.00—$14.70$15.60—0

Forward $14.97. The 25-delta put carries -0.86 volatility points over the 25-delta call.

2026-01-16(100 days)ATM 78.50%±6.16skew -0.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01,961$9.80$10.20—$5.00—————
13,564$9.30$9.60—$5.50—————
363,445$7.90$8.10—$7.00—————
4281$7.00$7.20—$8.00—————
14429$6.00$6.40—$9.0083.87%$0.25$0.352,1520
3118,601$5.40$5.50—$10.0082.06%$0.40$0.556,2420
21311$4.60$4.80—$11.0081.24%$0.65$0.802833
39,177$3.90$4.10—$12.0079.70%$0.95$1.103,30511
12435$3.30$3.50—$13.0079.51%$1.35$1.5070513
8826$2.80$2.95—$14.0078.58%$1.80$1.954819
27532,363$2.40$2.50—$15.00—$2.35$2.558102
0678$1.95$2.1078.29%$16.00—$2.95$3.101685
02,815$1.65$1.8079.18%$17.00—$3.60$3.803455
5478$1.40$1.5079.30%$18.00—$4.30$4.501700
2265$1.15$1.3079.67%$19.00—$5.10$5.302092
6012,535$1.00$1.1080.54%$20.00—$5.90$6.101448
0492$0.80$0.9580.31%$21.00—$6.70$6.90934
—————$22.00—$7.60$7.80544
268$0.55$0.7080.78%$23.00—$8.40$9.00142
34112$0.45$0.6080.81%$24.00—$9.40$9.6070
31650$0.40$0.5582.60%$25.00—$10.30$10.7050

Forward $15.00. The 25-delta put carries -0.61 volatility points over the 25-delta call.

2026-02-20(135 days)ATM 78.09%±7.15skew -2.49
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$9.50$11.50—$5.00—————
07$8.40$10.50—$6.00—————
030$7.50$9.50—$7.00—————
08$7.10$8.70—$8.00—————
07$6.30$7.00—$9.0082.61%$0.40$0.50170
383$5.50$5.80—$10.0081.40%$0.60$0.75670
—————$11.0078.88%$0.85$1.00950
97,179$4.20$4.40—$12.0078.21%$1.20$1.351030
3150$3.60$3.90—$13.0077.15%$1.60$1.751490
3169$3.10$3.40—$14.0077.33%$2.10$2.251780
161,410$2.70$2.90—$15.0077.94%$2.65$2.851020
1104$2.35$2.5078.00%$16.00—$3.20$3.402088
0324$2.00$2.2078.11%$17.00—$3.90$4.10939
15116$1.75$1.9078.40%$18.00—$4.60$4.808712
0224$1.50$1.6578.34%$19.00—$5.40$5.60122
0507$1.30$1.4578.76%$20.00—$6.20$6.401710
030$1.15$1.3079.86%$21.00—$7.00$7.2024
071$1.00$1.1580.24%$22.00—$7.80$8.1024
063$0.85$1.0079.93%$23.00—$8.70$8.9090
066$0.75$0.9080.70%$24.00—————
178$0.65$0.8080.94%$25.00—————

Forward $15.05. The 25-delta put carries -2.49 volatility points over the 25-delta call.

2026-03-20(163 days)ATM 80.86%±8.16skew -1.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$9.40$11.50—$5.00—————
09$7.80$9.60—$7.00—————
04$7.10$8.70—$8.00—————
—————$9.0086.29%$0.55$0.7570
0890$5.50$6.00—$10.0082.15%$0.75$0.95510
03$5.10$5.40—$11.00—————
024$4.50$4.80—$12.0082.21%$1.50$1.70530
441$4.00$4.20—$13.0081.06%$1.95$2.1050
065$3.50$3.80—$14.0081.98%$2.45$2.70100
1957$3.10$3.30—$15.0080.82%$3.00$3.201251
0146$2.75$2.9080.67%$16.00—$3.60$3.801724
664$2.40$2.6080.71%$17.00—$4.20$4.802333
733$2.15$2.3081.06%$18.00—$4.90$5.2017314
633$1.90$2.0581.19%$19.00—$5.70$5.901562
5506$1.65$1.8581.20%$20.00—$6.50$6.7090
029$1.50$1.6581.83%$21.00—$7.30$7.5010
0260$1.30$1.5081.86%$22.00—————
0216$1.20$1.3582.73%$23.00—————
1142$1.05$1.2082.39%$24.00—————
5453$0.95$1.1083.07%$25.00—$10.70$10.90200
06$0.85$1.0083.37%$26.00—————

Forward $15.10. The 25-delta put carries -1.16 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.