Options Skew Analytics

PG option chain

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

Data as of 24 September 2026 (end of day)

2026-09-25(1 day)ATM 19.33%±1.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$14.85$17.35—$131.00—————
02$14.10$16.35—$132.00—————
02$13.15$15.35—$133.00—————
01$11.15$13.35—$135.00—————
02$10.00$12.35—$136.00—————
010$8.85$11.35—$137.00—————
07$7.95$10.35—$138.00—————
012$7.10$9.35—$139.00—————
1610$6.15$7.55—$140.00—————
15$4.95$7.25—$141.0036.76%$0.01$0.0421424
211$3.85$5.85—$142.00—————
342$3.15$4.25—$143.00—————
—————$144.0022.29%$0.04$0.0747423
13300$1.35$2.06—$145.00—————
—————$146.0021.16%$0.33$0.5522582
92623$0.28$0.3417.48%$147.00—————
394751$0.05$0.1124.54%$149.00—$2.28$2.95202
9811,381$0.03$0.0627.72%$150.00—————
27,445821$0.01$0.0235.62%$152.50—————
—————$155.00—$6.75$9.0002
—————$157.50—$9.20$11.4002

Forward $146.46. Not enough surviving quotes on both wings to measure the skew here.

2026-10-02(8 days)ATM 18.83%±4.08skew +0.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$51.05$53.40—$95.00—————
01$46.00$48.40—$100.00—————
20$26.20$28.45—$120.00—————
10$14.10$16.45—$132.00—————
02$12.20$14.45—$134.00—————
022$11.05$13.45—$135.00—————
02$10.05$12.45—$136.00—————
11$7.30$8.85—$139.00—————
2118$6.25$6.75—$140.00—————
—————$141.0019.52%$0.14$0.2331728
021$4.50$5.25—$142.0019.40%$0.27$0.3336811
039$3.75$5.95—$143.0019.72%$0.42$0.5735718
0143$2.99$3.25—$144.0019.40%$0.63$0.8120765
754$2.27$2.57—$145.0019.26%$0.93$1.1426436
3786$1.76$1.99—$146.0019.07%$1.33$1.5412627
63213$1.23$1.4718.64%$147.00—$1.85$2.059156
50403$0.89$1.1019.10%$148.00—$2.48$2.7116822
131569$0.58$0.7718.90%$149.00—$3.20$3.40183
265693$0.40$0.5619.41%$150.00—$3.30$4.259320
—————$152.50—$5.00$6.6510

Forward $146.44. The 25-delta put carries +0.50 volatility points over the 25-delta call.

2026-10-09(15 days)ATM 18.09%±5.37skew +0.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$31.30$33.10—$115.00—————
01$26.20$28.55—$120.00—————
01$11.15$13.65—$135.00—————
03$9.30$11.15—$137.00—————
01$6.55$8.40—$140.0019.11%$0.29$0.3723418
02$5.60$8.05—$141.0019.94%$0.43$0.64977
02$4.95$7.25—$142.0018.69%$0.58$0.68144107
147$4.10$5.70—$143.0018.34%$0.76$0.9126814
090$3.50$3.90—$144.0018.33%$1.05$1.21399
1320$2.86$3.30—$145.0018.31%$1.40$1.5811332
1101$2.33$2.51—$146.0018.32%$1.84$2.011885
898$1.76$2.0117.95%$147.00—$2.31$2.581220
15185$1.40$1.5718.11%$148.00—$2.89$3.15118
9180$1.04$1.2017.96%$149.00—$3.55$3.90133
38496$0.79$0.9118.08%$150.00—$4.20$4.5564
109265$0.34$0.5018.70%$152.50—$5.10$6.7010
—————$155.00—$7.30$9.0530

Forward $146.50. The 25-delta put carries +0.26 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 18.79%±6.77skew +1.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
019$21.10$23.65—$125.00—————
138$16.20$17.70—$130.0023.66%$0.03$0.086,8709
01$12.45$14.80—$134.00—————
1137$11.60$13.15—$135.0020.74%$0.14$0.174,38520
—————$139.0020.58%$0.42$0.64112
14301$6.95$8.30—$140.0019.32%$0.57$0.6012,749110
01$6.15$7.85—$141.00—————
100$5.35$7.65—$142.0019.55%$0.88$1.18415
01$4.70$5.25—$143.0018.72%$1.15$1.27102129
—————$144.0018.65%$1.46$1.592510
253,976$3.40$3.95—$145.0018.76%$1.83$2.013,60675
24$2.79$3.35—$146.0018.80%$2.26$2.471085
11423$2.23$2.8418.78%$147.00—$2.76$2.962233
74698$1.90$2.0918.08%$148.00—$3.25$3.506518
9236$1.55$1.7718.42%$149.00—$3.85$4.302117
5005,310$1.22$1.3618.09%$150.00—$4.55$4.951,6530
77461$0.65$0.7218.00%$152.50—————
14214,983$0.32$0.3818.20%$155.00—$7.55$9.151620
8328$0.16$0.2018.67%$157.50—————
4514,680$0.07$0.1018.95%$160.00—————
29,412$0.02$0.0521.36%$165.00—————

Forward $146.67. The 25-delta put carries +1.55 volatility points over the 25-delta call.

2026-10-23(29 days)ATM 22.79%±9.41skew +2.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$135.0024.78%$0.46$0.70124
—————$138.0024.71%$0.94$1.19281
06$8.40$10.80—$139.0025.06%$1.13$1.52331
01$7.65$9.40—$140.0024.49%$1.37$1.6437724
02$6.95$8.50—$141.0023.71%$1.44$1.924311
112$6.25$8.30—$142.0024.32%$1.94$2.22431
0105$5.50$7.75—$143.0024.29%$2.29$2.571562
8631$4.80$7.10—$144.0025.01%$2.67$3.201582
1166$4.15$5.30—$145.0024.27%$3.05$3.45350
7206$3.75$4.70—$146.0024.14%$3.45$3.95131
54182$3.25$3.7522.68%$147.00—$3.95$4.45120
041$2.82$3.3522.87%$148.00—$4.40$5.15657
1445$2.37$2.9122.61%$149.00—$5.10$5.75100
25115$2.07$2.3022.02%$150.00—$5.25$6.40190
384$1.31$1.5321.79%$152.50—$6.25$8.2020
260926$0.85$0.9821.92%$155.00—$7.95$10.3510
—————$160.00—$12.45$14.753070

Forward $146.53. The 25-delta put carries +2.70 volatility points over the 25-delta call.

2026-10-30(36 days)ATM 20.73%±9.55skew +1.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$16.55$18.95—$130.00—————
01$12.90$14.50—$134.00—————
026$11.95$13.60—$135.0023.92%$0.58$0.866222
08$10.10$12.55—$137.00—————
—————$138.0022.66%$0.86$1.3443
01$7.70$9.50—$140.0022.09%$1.18$1.805411
—————$141.0023.07%$1.63$2.212415
0101$5.60$7.95—$143.00—————
01$5.05$7.35—$144.0021.58%$2.22$3.25104
054$4.45$5.65—$145.0021.66%$2.65$3.70130
1197$3.85$4.85—$146.0020.75%$2.75$4.2050
18180$3.40$3.8520.73%$147.00—$3.20$4.75101
1238$2.88$3.6521.22%$148.00—$4.00$5.4020
1027$2.50$3.1020.92%$149.00—$4.80$6.0510
24448$2.15$2.4020.03%$150.00—$5.30$6.7010
6206$1.35$1.9220.74%$152.50—$7.05$8.4011
30149$0.90$1.1520.36%$155.00—$8.20$10.4020
—————$160.00—$13.05$15.1020

Forward $146.65. The 25-delta put carries +1.34 volatility points over the 25-delta call.

2026-11-20(57 days)ATM 21.42%±12.37skew +1.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$70.60$73.55—$75.00—————
01$50.40$53.60—$95.00—————
02$45.55$48.60—$100.00—————
03$35.95$38.70—$110.00—————
01$31.20$33.70—$115.00—————
0112$26.35$28.35—$120.00—————
011$21.45$23.20—$125.00—————
012$16.75$18.70—$130.0023.85%$0.54$0.793,69119
2142$12.45$14.10—$135.0023.23%$1.35$1.401,63891
1193$8.50$9.95—$140.0022.31%$2.49$2.571,670130
191,026$5.40$5.65—$145.0021.68%$4.35$4.452,185118
1562,266$3.05$3.3020.95%$150.00—$7.00$7.2555933
692,216$1.61$1.7520.66%$155.00—$8.80$10.90361
1165,879$0.80$0.9220.87%$160.00—$14.10$15.25300
43987$0.34$0.5221.27%$165.00—————
—————$170.00—$22.25$24.7040
—————$175.00—$27.20$29.7520
—————$180.00—$32.15$34.8510

Forward $146.13. The 25-delta put carries +1.65 volatility points over the 25-delta call.

2026-12-18(85 days)ATM 20.85%±14.74skew +1.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$65.55$68.55—$80.00—————
015$55.65$58.60—$90.00—————
05$50.40$53.60—$95.00—————
047$46.00$48.65—$100.00—————
01$41.10$43.70—$105.00—————
013$36.05$38.70—$110.00—————
06$31.40$33.80—$115.00—————
1123$26.55$28.95—$120.00—————
0136$21.95$24.25—$125.0024.14%$0.58$0.672,23610
171$17.15$18.65—$130.0023.12%$0.98$1.252,48610
0108$13.20$15.50—$135.0021.98%$1.86$1.903,71484
0258$9.45$10.75—$140.0021.21%$3.10$3.201,449203
37674$6.45$6.75—$145.0021.10%$5.00$5.352,02827
1771,213$4.05$4.3020.42%$150.00—$7.30$7.85964105
1095,652$2.41$2.5420.01%$155.00—$10.15$11.351725
2418,451$1.36$1.4619.94%$160.00—$13.10$15.354450
343,438$0.60$0.9620.05%$165.00—$17.80$20.00360
—————$170.00—$22.35$24.752010
—————$185.00—$37.10$39.85100

Forward $146.44. The 25-delta put carries +1.97 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.