Options Skew Analytics

PDD option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 36.63%±3.09skew -0.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$9.45$12.30—$70.00—————
—————$73.0047.80%$0.02$0.0510218
030$6.05$7.80—$74.00—————
1476$5.25$6.00—$75.0042.70%$0.07$0.0924137
01$3.90$5.95—$76.0040.31%$0.10$0.1511452
—————$77.0038.40%$0.17$0.2434752
67241$2.71$3.25—$78.0037.23%$0.30$0.40350165
0366$2.10$2.29—$79.0036.77%$0.54$0.65398369
1391,188$1.48$1.61—$80.0036.58%$0.89$1.032,0701,800
2461,026$0.97$1.1036.65%$81.00—$1.39$1.53116374
749422$0.60$0.7036.36%$82.00—$1.95$2.161,480120
188708$0.35$0.4536.84%$83.00—$2.74$2.9525842
225264$0.20$0.2436.50%$84.00—$3.25$4.256120
2681,119$0.12$0.1638.26%$85.00—$4.25$5.0517423
761,592$0.06$0.0938.51%$86.00—$5.05$6.352552
91569$0.03$0.0639.83%$87.00—$5.60$7.303043
68413$0.02$0.0340.64%$88.00—$6.60$8.303113
—————$89.00—$7.40$9.75260
89690$0.01$0.0347.74%$90.00—$8.80$10.0033
—————$91.00—$9.85$11.05633
—————$96.00—$14.40$16.65—0

Forward $80.57. The 25-delta put carries -0.07 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 46.86%±6.57skew +2.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0152$10.10$12.35—$70.0055.54%$0.18$0.264,17670
055$7.45$9.35—$73.00—————
030$6.55$8.30—$74.0049.54%$0.44$0.634164
21,306$5.90$7.40—$75.0049.13%$0.62$0.798,889208
—————$77.0049.05%$1.12$1.296865
018$3.70$4.75—$78.0048.18%$1.38$1.60225159
017$3.00$4.10—$79.0049.45%$1.82$2.06298215
1245,075$2.92$3.05—$80.0049.02%$2.27$2.4510,642606
530103$2.41$2.6046.86%$81.00—$2.52$2.96319186
591,265$1.99$2.2047.38%$82.00—$3.35$3.50476150
18249$1.62$1.7446.76%$83.00—$3.55$4.453580
20473$1.30$1.3946.58%$84.00—$4.05$5.253770
2949,283$1.02$1.1747.10%$85.00—$4.85$5.905,0260
20409$0.72$0.9746.64%$86.00—$5.45$6.7548410
19187$0.59$0.7246.57%$87.00—$6.30$8.0017125
139230$0.44$0.6547.79%$88.00—$6.95$9.8060
111381$0.36$0.5549.01%$89.00—————
2136,427$0.32$0.3448.26%$90.00—$9.05$10.302,38513
—————$93.00—$11.50$13.60030
—————$94.00—$12.50$14.75200
442,696$0.10$0.1251.74%$95.00—$13.90$15.0570863

Forward $80.76. The 25-delta put carries +2.41 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 46.98%±8.43skew +2.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
100$9.45$11.40—$71.00—————
—————$72.0050.49%$0.55$0.79600
015$6.70$9.55—$74.0047.55%$0.87$0.971426
011$6.15$7.90—$75.0047.15%$1.07$1.201,28525
—————$76.0047.59%$1.36$1.515952
040$4.70$6.40—$77.0047.04%$1.64$1.802395
010$4.65$5.15—$78.0047.30%$2.00$2.2032822
0137$4.05$5.00—$79.0046.93%$2.38$2.5922049
0467$3.55$3.85—$80.0047.18%$2.82$3.102,7772,034
0226$2.89$3.6546.98%$81.00—$3.20$3.702843
4104$2.60$3.0547.00%$82.00—$3.90$4.601196
19267$2.24$2.5646.65%$83.00—$4.25$5.106168
20192$1.84$2.5548.88%$84.00—$5.10$5.50532
22436$1.54$1.7445.28%$85.00—$5.60$6.501382
1249$1.27$1.9048.77%$86.00—$6.50$7.05250
—————$87.00—$6.55$8.20540
7225$0.86$0.9945.07%$88.00—————
055$0.63$0.8344.52%$89.00—————
151449$0.57$0.6745.22%$90.00—————
055$0.46$0.5845.74%$91.00—————
—————$96.00—$14.45$17.45—0

Forward $80.82. The 25-delta put carries +2.52 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 44.12%±9.31skew +0.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$14.80$17.70—$65.00—————
07$12.90$16.00—$67.00—————
200$7.00$9.80—$74.0047.42%$1.06$1.7070
—————$75.0043.83%$1.09$1.755512
31$6.30$6.80—$76.0044.08%$1.57$1.91360
—————$77.0043.44%$1.92$2.15694
—————$78.0043.40%$2.24$2.59365
2828$4.30$4.85—$79.0043.37%$2.71$2.97810
514$3.95$4.15—$80.0043.24%$3.20$3.402,12151
3842$3.30$3.7543.96%$81.00—$3.70$4.05721
13113$3.00$3.3044.73%$82.00—$4.25$4.501270
3460$2.60$2.8144.18%$83.00—$4.70$5.102380
7128$2.18$2.5644.48%$84.00—$5.40$5.956411
2,352111$1.96$2.0643.99%$85.00—$5.85$6.65500
12$1.56$1.8743.86%$86.00—$6.75$7.4520
045$1.31$1.5343.24%$87.00—————
222$1.09$1.2943.06%$88.00—$7.35$9.3520
030$0.91$1.0943.04%$89.00—————
33188$0.77$0.8842.82%$90.00—$9.05$10.951310
43594$0.25$0.4043.21%$95.00—————
—————$96.00—$14.50$17.45—0

Forward $80.65. The 25-delta put carries +0.77 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 41.61%±9.97skew +0.39
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$71.0044.05%$0.71$0.9252
—————$74.0044.81%$1.23$1.8251
—————$75.0041.38%$1.41$1.691438
—————$76.0042.11%$1.78$2.0531116
220$5.90$6.25—$77.0042.49%$2.10$2.492520
60$5.25$5.80—$78.0042.01%$2.41$2.8717
161$4.60$5.15—$79.0042.32%$2.89$3.301,10110
022$4.20$4.60—$80.0041.40%$3.30$3.653543
912$3.70$4.1541.60%$81.00—$3.80$4.20130
01$3.25$3.7041.62%$82.00—$4.35$4.80564
890$2.82$3.2041.06%$83.00—$4.95$5.4020
2712$2.45$2.8941.42%$84.00—$5.60$6.3530
3267$2.13$2.4941.18%$85.00—$6.25$6.9080
01$1.79$2.1640.81%$86.00—————
06$1.54$1.9040.99%$87.00—————
015$1.25$1.7140.99%$88.00—————
173$1.09$1.4240.81%$89.00—————
2311$0.83$1.1639.70%$90.00—————
—————$96.00—$14.50$17.55—0

Forward $80.92. The 25-delta put carries +0.39 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 39.23%±10.38skew +1.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$35.15$37.45—$45.00—————
0168$30.15$32.60—$50.00—————
090$24.70$27.60—$55.00—————
2105$20.45$22.15—$60.00—————
0163$15.70$17.40—$65.0045.66%$0.29$0.3916,95437
0478$10.85$12.80—$70.0042.34%$0.73$0.855,913335
11355$7.55$8.55—$75.0040.40%$1.73$1.879,813268
3188,146$4.50$4.70—$80.0039.61%$3.60$3.8020,629450
1,1795,569$2.38$2.4738.56%$85.00—$6.45$6.709,104277
65417,126$1.11$1.2538.48%$90.00—$10.05$10.506,78455
3345,743$0.51$0.5938.99%$95.00—$13.75$15.352,1050
2598,137$0.21$0.2839.55%$100.00—$18.45$20.756,5880
25,565$0.11$0.1541.51%$105.00—$23.40$25.955090
5714,800$0.05$0.0943.26%$110.00—$28.45$30.802,2001,178
—————$115.00—$33.95$35.55122
—————$120.00—$38.40$40.4030
—————$125.00—$43.40$45.90350
—————$135.00—$53.40$55.60952
—————$140.00—$58.40$60.7502

Forward $80.90. The 25-delta put carries +1.92 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 36.49%±12.69skew +1.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
030$40.20$42.20—$40.00—————
071$34.80$37.35—$45.00—————
0204$29.90$32.40—$50.00—————
0246$25.25$27.30—$55.00—————
2157$20.85$22.20—$60.00—————
0183$16.10$17.90—$65.0041.35%$0.58$0.7010,10824
01,150$12.00$13.40—$70.0038.63%$1.20$1.318,147207
22,844$8.25$9.50—$75.0037.24%$2.40$2.5216,71893
1,83838,211$5.50$5.75—$80.0036.83%$4.35$4.6019,374410
11126,895$3.30$3.5036.09%$85.00—$7.15$7.4016,254225
4609,658$1.89$2.0135.90%$90.00—$10.50$11.007,22614
38326,748$1.05$1.1336.18%$95.00—$14.70$15.554,9700
33210,096$0.57$0.7337.45%$100.00—$19.15$20.2010,6873
105,051$0.30$0.3537.18%$105.00—$23.45$25.556830
76,271$0.18$0.2138.42%$110.00—$28.50$30.407851,178
77,559$0.08$0.1338.87%$115.00—$33.40$35.60130
177,828$0.06$0.0840.43%$120.00—$38.40$40.5530
6016,116$0.04$0.0642.13%$125.00—$43.95$45.0082
—————$130.00—$48.90$50.0042
—————$135.00—$53.40$55.3550
—————$140.00—$58.40$60.3542

Forward $81.16. The 25-delta put carries +1.34 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 35.94%±17.56skew +2.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
022$40.15$42.60—$40.00—————
0611$35.50$37.70—$45.00—————
0320$31.15$32.90—$50.00—————
031$26.40$28.20—$55.00—————
018$21.80$23.55—$60.0041.14%$0.70$0.956660
045$17.45$19.15—$65.0040.37%$1.36$1.758442
0263$13.55$14.60—$70.0038.40%$2.39$2.613,61889
0938$10.35$11.25—$75.0037.40%$3.85$4.154,7919
21,625$7.60$8.20—$80.0036.60%$5.65$6.4511,4485
112,922$5.35$5.8035.87%$85.00—$8.45$9.156,19831
112,406$3.65$4.2035.97%$90.00—$11.80$12.658,1710
2072,955$2.51$2.8235.81%$95.00—$15.45$16.003,77225
786,841$1.71$1.8935.92%$100.00—$19.45$20.658560
561,021$0.98$1.4836.31%$105.00—$23.70$25.401380
11,831$0.77$0.9036.67%$110.00—$28.55$30.151,5340
4626$0.51$0.6637.30%$115.00—————
15,130$0.37$0.4938.22%$120.00—————

Forward $81.88. The 25-delta put carries +2.59 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.