Options Skew Analytics

PEP option chain

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

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 26.64%±5.21skew -0.02
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
18141$10.45$11.80—$130.0029.75%$0.02$0.0757764
3296$9.75$11.15—$131.00—————
4255$8.60$9.85—$132.0027.67%$0.05$0.113043
8287$7.65$8.65—$133.0027.70%$0.11$0.1519512
11276$6.80$7.75—$134.00—————
9829$6.00$6.80—$135.00—————
44435$5.40$6.20—$136.0026.17%$0.32$0.446510
6598$4.35$5.10—$137.0026.24%$0.48$0.6414850
12274$4.00$4.20—$138.0026.42%$0.70$0.91265219
9314$2.88$3.50—$139.0026.56%$0.99$1.24136853
133346$2.70$2.88—$140.0026.60%$1.35$1.63201289
405122$2.15$2.29—$141.0026.69%$1.80$2.0926380
113554$1.63$1.8226.44%$142.00—$2.31$2.595766
229401$1.21$1.4026.16%$143.00—$2.89$3.201010
190612$0.88$1.0525.96%$144.00—$3.45$3.8029722
144749$0.68$0.7926.45%$145.00—$4.15$5.0020
146309$0.46$0.5826.27%$146.00—$4.30$6.1570
3180$0.28$0.4326.04%$147.00—$5.15$6.9510
—————$148.00—$6.10$7.6011
973$0.10$0.1526.97%$150.00—$8.40$9.4561
—————$152.50—$11.00$12.0585

Forward $141.28. The 25-delta put carries -0.02 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 25.34%±7.01skew +1.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$12.50$14.70—$128.00—————
02$11.75$13.50—$129.00—————
22,726$11.35$11.75—$130.0027.98%$0.19$0.224,72229
024$9.65$11.80—$131.00—————
148$9.00$10.30—$132.00—————
054$7.85$10.00—$133.00—————
40279$7.25$8.25—$134.0026.67%$0.52$0.6334932
333,582$6.65$7.30—$135.0026.36%$0.67$0.793,43978
23475$5.90$6.50—$136.0026.06%$0.80$1.04436292
5143$5.00$5.80—$137.0026.16%$1.10$1.27370602
7270$4.65$5.00—$138.0025.86%$1.33$1.59301123
18484$4.00$4.30—$139.0025.73%$1.65$1.9595217
983,891$3.30$3.75—$140.0024.79%$2.00$2.211,09663
27202$2.80$3.10—$141.0025.24%$2.43$2.803223
17767$2.30$2.6825.42%$142.00—$2.96$3.451062
9617$1.88$2.3225.74%$143.00—$3.50$3.9512920
23452$1.59$1.8925.85%$144.00—$4.20$4.554080
3415,524$1.26$1.4225.05%$145.00—$4.85$5.2514830
141,734$0.33$0.5125.60%$150.00—$8.30$9.75471
3589$0.22$0.2726.59%$152.50—$10.30$12.25150
—————$155.00—$12.75$14.6540

Forward $141.34. The 25-delta put carries +1.12 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 24.05%±8.16skew +0.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$11.80$14.25—$129.00—————
032$11.20$12.75—$130.0025.87%$0.28$0.38780
155$10.15$11.90—$131.00—————
156$9.05$11.20—$132.0026.70%$0.48$0.75581
396$8.40$9.95—$133.0025.01%$0.58$0.70731
3225$7.60$9.00—$134.0025.15%$0.75$0.90580
12736$7.15$7.80—$135.0024.91%$0.92$1.109710
91,215$6.25$7.05—$136.0024.46%$1.11$1.30302
1157$5.80$6.35—$137.0024.13%$1.33$1.56750
5152$4.75$5.60—$138.0024.09%$1.64$1.88670
268$4.45$4.80—$139.0025.00%$2.04$2.44410
11577$3.60$4.25—$140.0024.04%$2.31$2.75202
30204$3.30$3.65—$141.0023.81%$2.87$3.0570
15331$2.80$3.2524.10%$142.00—$3.35$3.80730
5202$2.35$2.7223.72%$143.00—$3.90$4.35141
8271$1.99$2.3623.96%$144.00—$4.55$5.00172
16401$1.53$1.9323.18%$145.00—$5.20$5.751064
2183$1.46$1.7624.68%$146.00—$5.85$6.35511
1549$1.20$1.4024.32%$147.00—$6.65$7.3560
5223$0.97$1.1224.07%$148.00—$6.55$8.5030
55913$0.54$0.9024.45%$150.00—$8.20$10.1510

Forward $141.52. The 25-delta put carries +0.15 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 25.49%±9.93skew +0.23
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$13.80$16.40—$127.00—————
050$11.95$14.50—$129.0025.77%$0.44$0.60340
315$11.15$12.90—$130.0025.08%$0.50$0.69680
13$10.15$11.70—$131.00—————
043$9.25$11.35—$132.0024.92%$0.82$0.9813419
027$8.40$10.15—$133.0025.46%$0.87$1.45130
120$7.85$9.60—$134.0024.80%$1.20$1.442616
315$7.25$8.10—$135.0024.91%$1.49$1.717312
017$6.30$8.10—$136.0026.46%$1.71$2.52100
0224$5.60$7.15—$137.0025.82%$1.89$2.86520
0243$4.85$6.40—$138.0026.18%$2.13$3.50210
324$4.45$5.45—$139.0024.98%$2.87$3.25613
1051$3.45$4.50—$140.0024.67%$3.35$3.601414
0499$3.65$3.9525.45%$141.00—$3.85$4.35171
2329$3.20$3.7026.12%$142.00—$4.20$4.95024
233$2.69$3.1525.36%$143.00—$4.70$5.700153
18209$2.28$2.6124.68%$144.00—————
1555$1.97$2.2224.58%$145.00—————
22132$1.63$1.9324.46%$146.00—————
224$1.25$1.8424.68%$147.00—$7.55$8.9540
968$0.80$0.9824.30%$150.00—————

Forward $140.70. The 25-delta put carries +0.23 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 24.72%±10.76skew +1.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$13.85$16.45—$127.00—————
01$11.10$13.30—$130.0025.73%$0.77$1.08583
05$10.20$12.55—$131.0026.47%$0.90$1.49131
14$10.00$11.40—$132.0025.47%$1.07$1.51521
04$8.50$10.75—$133.0026.09%$1.35$1.87151
—————$134.0025.78%$1.40$2.28210
072$7.25$8.55—$135.0025.40%$1.83$2.348244
05$7.05$7.70—$136.0025.95%$2.12$2.8961
112$6.15$7.30—$137.0025.18%$2.25$3.2520
023$5.40$6.10—$138.0024.57%$2.85$3.2541
048$5.00$6.00—$139.0023.33%$3.00$3.5511
016$4.20$4.75—$140.0024.22%$3.75$4.0570
3011$3.90$4.2524.72%$141.00—————
3214$3.45$3.7024.43%$142.00—$4.75$5.55200
215$2.85$3.3524.06%$143.00—$4.95$6.10220
1011$2.60$2.8524.06%$144.00—$6.00$6.75110
1375$2.13$2.6524.10%$145.00—————
10465$1.83$2.1823.60%$146.00—$7.40$8.1010
36$1.63$2.0324.26%$147.00—————
72374$0.94$1.3924.26%$150.00—————

Forward $140.58. The 25-delta put carries +1.52 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 24.10%±11.49skew +1.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$70.40$73.20—$70.00—————
03$65.20$68.20—$75.00—————
06$60.05$63.25—$80.00—————
02$50.45$52.75—$90.00—————
218$40.50$42.35—$100.00—————
052$30.55$32.70—$110.0032.71%$0.05$0.081,3392
017$25.60$27.85—$115.00—————
0125$20.65$22.85—$120.0028.26%$0.21$0.301,565282
0984$16.15$17.80—$125.0025.80%$0.45$0.512,751104
91,241$11.45$12.50—$130.0025.05%$1.03$1.183,187206
132,766$8.00$8.30—$135.0024.42%$2.17$2.401,87777
27816,890$4.75$5.00—$140.0024.25%$4.10$4.5093758
904,389$2.50$2.7223.25%$145.00—$6.95$7.601,1491
3203,851$1.19$1.4323.21%$150.00—$10.70$11.651,1431
574,093$0.53$0.6523.14%$155.00—$14.35$15.856970
51,071$0.22$0.3523.92%$160.00—$19.75$20.854101
—————$165.00—$24.00$25.602620
2507$0.03$0.0925.19%$170.00—$28.50$30.80340
—————$180.00—$38.50$40.45110
—————$185.00—$43.35$45.65150

Forward $140.58. The 25-delta put carries +1.21 volatility points over the 25-delta call.

2026-12-24(48 days)ATM 24.72%±12.61skew +0.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$39.95$43.20—$100.00—————
0—$34.80$38.30—$105.00—————
0—$29.85$33.25—$110.00—————
0—$24.90$28.30—$115.00—————
0—$20.35$23.35—$120.00—————
0—$15.65$18.50—$125.00—————
0—$11.95$14.90—$129.00—————
—————$130.0025.14%$1.12$1.5015
—————$131.0025.13%$1.25$1.80012
01$10.10$11.65—$132.00—————
10$7.05$10.20—$135.00—————
10$7.50$8.40—$136.00—————
20$6.50$7.20—$137.00—————
05$5.25$6.80—$139.00—————
01$4.95$5.85—$140.0025.04%$4.30$5.1511
30$4.35$5.3524.72%$141.00—————
80$2.12$3.0524.78%$147.00—————
30$1.39$2.1024.37%$150.00—————
—————$175.00—$33.25$37.00—0
—————$180.00—$38.15$41.95—0
—————$185.00—$43.15$46.90—0

Forward $140.68. The 25-delta put carries +0.76 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 23.05%±14.23skew +1.98
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$70.00$73.15—$70.00—————
01$65.00$67.90—$75.0055.23%$0.01$0.062980
05$60.20$63.10—$80.00—————
058$50.25$52.65—$90.00—————
01$45.45$47.65—$95.00—————
056$40.50$42.55—$100.00—————
023$35.55$37.85—$105.00—————
088$30.60$32.75—$110.00—————
0223$25.65$27.85—$115.0027.30%$0.25$0.301,24031
22229$21.05$22.00—$120.0026.49%$0.54$0.593,15649
3559$16.40$17.45—$125.0025.34%$0.98$1.107,35049
21,213$12.30$13.50—$130.0024.50%$1.79$1.977,150135
52,231$8.95$9.55—$135.0023.81%$3.10$3.352,67732
728,320$6.00$6.25—$140.0023.22%$5.10$5.302,747290
933,582$3.80$3.9022.77%$145.00—$7.85$8.252,19128
1047,957$2.20$2.3522.52%$150.00—$11.35$12.251,0961
553,092$1.21$1.3522.48%$155.00—$14.70$16.557510
1693,254$0.67$0.8022.93%$160.00—$19.40$20.853834
223,084$0.32$0.5023.33%$165.00—$24.05$25.70764222
12,136$0.21$0.2824.10%$170.00—$29.55$30.50860
—————$175.00—$33.70$35.55220

Forward $140.93. The 25-delta put carries +1.98 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.