Options Skew Analytics

PG option chain

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

Data as of 6 November 2026 (end of day)

2026-11-20(14 days)ATM 22.40%±7.27skew +1.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$54.90$57.30—$110.00—————
03$39.95$42.35—$125.00—————
054$29.95$32.30—$135.00—————
025$25.20$27.10—$140.00—————
0120$20.20$21.80—$145.00—————
4241$15.25$16.40—$150.00—————
02$12.75$14.95—$152.50—————
107,291$10.55$11.75—$155.0025.46%$0.27$0.413,99893
0389$8.20$9.10—$157.5024.76%$0.49$0.7256027
2926,746$6.40$6.95—$160.0023.89%$0.88$1.151,49675
101,450$4.45$5.05—$162.5023.18%$1.51$1.811,15638
517,529$3.05$3.45—$165.0022.65%$2.47$2.763,334383
8912,423$1.88$2.1621.97%$167.50—$3.75$4.0518586
1,0656,318$1.07$1.3421.95%$170.00—$4.50$5.701630
75901$0.56$0.7521.76%$172.50—$6.25$8.20390
69855$0.32$0.4322.41%$175.00—$8.40$10.3520
28211$0.16$0.2422.80%$177.50—————
—————$185.00—$17.95$20.25635425

Forward $165.64. The 25-delta put carries +1.94 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 21.35%±8.49skew +1.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$29.90$32.30—$135.00—————
240$16.25$18.25—$149.00—————
037$15.35$17.20—$150.00—————
027$13.00$14.75—$152.50—————
0173$10.55$12.45—$155.00—————
0156$8.40$10.20—$157.5022.50%$0.71$0.8815834
0768$6.90$7.55—$160.0022.29%$1.23$1.4078123
089$4.95$5.70—$162.5022.07%$1.90$2.22570
2496$3.55$4.00—$165.0021.30%$2.76$3.2037015
18188$2.37$2.8921.45%$167.50—$4.10$4.50792
5239$1.43$1.9421.06%$170.00—$5.35$6.10340
7207$0.82$1.1620.53%$172.50—————
—————$180.00—$13.00$15.3510

Forward $165.80. The 25-delta put carries +1.76 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 21.11%±9.70skew +1.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$25.20$28.00—$140.00—————
0149$24.05$27.00—$141.00—————
01$23.05$26.05—$142.00—————
01$13.20$15.60—$152.50—————
06$11.05$12.85—$155.00—————
09$8.85$10.90—$157.5022.73%$1.02$1.343616
16$7.35$7.90—$160.0021.91%$1.52$1.862005
6835$5.50$6.15—$162.5021.64%$2.30$2.658151
336$4.05$4.55—$165.0021.26%$3.25$3.70380408
48570$2.88$3.2520.93%$167.50—$4.30$4.9502
10278$1.95$2.2220.60%$170.00—————
4100$1.16$1.6020.50%$172.50—————
49103$0.70$1.0220.28%$175.00—————

Forward $165.83. The 25-delta put carries +1.41 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 20.44%±10.52skew +1.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$13.55$15.95—$152.50—————
06$11.45$13.50—$155.0023.55%$0.95$1.149179
12$9.65$10.50—$157.5022.39%$1.08$1.7010
07$7.75$8.55—$160.0021.70%$1.59$2.2792
21$5.95$6.85—$162.5021.15%$2.28$3.0540
16$4.50$5.20—$165.0020.59%$3.25$3.95111
074$3.10$4.1020.41%$167.50—$4.65$5.403090
0184$2.22$3.1020.63%$170.00—$6.05$6.90280
022$1.47$2.2820.57%$172.50—$7.85$8.6530
0313$0.98$1.6120.61%$175.00—————

Forward $166.25. The 25-delta put carries +1.09 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 20.16%±11.37skew +1.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$75.05$77.65—$90.00—————
04$45.40$47.80—$120.0040.35%$0.05$0.061,3471
02$40.45$42.85—$125.00—————
019$35.50$37.90—$130.00—————
0106$30.55$32.95—$135.00—————
0267$25.65$28.00—$140.0028.00%$0.18$0.222,4343
3694$20.85$23.00—$145.0025.86%$0.31$0.382,46666
51,247$16.30$17.65—$150.0023.99%$0.58$0.672,41645
105,969$12.10$12.65—$155.0022.26%$1.05$1.243,022354
779,682$7.85$8.95—$160.0020.97%$2.07$2.213,45170
5618,139$5.05$5.40—$165.0020.44%$3.85$4.05673161
12120,579$2.69$3.0019.67%$170.00—$6.45$7.1528656
335,687$1.28$1.5619.52%$175.00—$9.05$11.2021
1441,444$0.50$0.7619.40%$180.00—$13.35$15.5010
74206$0.11$0.1720.76%$190.00—————

Forward $166.28. The 25-delta put carries +1.45 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 20.52%±14.99skew +2.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$70.55$72.90—$95.00—————
027$65.60$68.05—$100.00—————
113$60.65$63.10—$105.00—————
0150$55.70$58.15—$110.00—————
0114$50.65$53.10—$115.00—————
0197$45.85$48.20—$120.00—————
0220$40.95$43.20—$125.00—————
0354$36.00$38.35—$130.00—————
1545$31.20$32.65—$135.00—————
0439$26.45$28.55—$140.00—————
0988$21.80$23.80—$145.0024.12%$0.56$0.843,47236
41,708$17.25$18.25—$150.0022.62%$1.08$1.172,390125
17,878$13.15$14.65—$155.0021.94%$1.85$2.071,75415
206,476$9.45$10.55—$160.0021.23%$3.05$3.401,832162
3277,895$6.75$7.15—$165.0020.90%$4.95$5.351,195178
1036,730$4.25$4.6020.12%$170.00—$7.55$7.901,29875
2186,277$2.47$2.8119.66%$175.00—$9.90$11.651225
684,232$1.33$1.5719.26%$180.00—$13.70$15.8520
41,719$0.57$0.8718.83%$185.00—————
—————$190.00—$23.00$25.3040
—————$240.00—$72.85$75.4030

Forward $166.81. The 25-delta put carries +2.28 volatility points over the 25-delta call.

2027-02-19(105 days)ATM 21.27%±19.00skew +2.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$40.95$43.55—$125.00—————
—————$135.0026.03%$0.56$0.6430919
07$26.75$28.95—$140.0024.71%$0.84$0.9429840
0309$22.90$23.95—$145.0023.92%$1.34$1.4770480
5328$18.15$19.75—$150.0022.98%$2.05$2.19700178
1572$14.20$15.25—$155.0022.49%$3.15$3.3531592
1940$10.80$12.15—$160.0022.18%$4.70$5.00237220
131,514$8.25$8.45—$165.0021.59%$6.60$7.0534047
312,030$5.80$5.9520.98%$170.00—$9.25$9.702091
231,562$3.80$4.0020.32%$175.00—$11.30$12.90260
53274$2.43$2.5919.99%$180.00—$14.75$16.9530
58911$1.46$1.5919.63%$185.00—————

Forward $166.54. The 25-delta put carries +2.50 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 20.75%±20.93skew +2.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$90.40$92.85—$75.00—————
01$70.55$73.05—$95.00—————
043$65.70$68.15—$100.00—————
03$60.70$63.20—$105.00—————
035$55.85$58.30—$110.00—————
05$50.90$53.35—$115.00—————
016$46.00$48.50—$120.00—————
020$41.15$43.65—$125.00—————
0176$36.40$38.85—$130.00—————
040$31.70$34.15—$135.0025.69%$0.68$1.092,2430
093$27.20$29.50—$140.0024.72%$1.19$1.401,31824
0487$22.85$25.10—$145.0023.71%$1.67$2.041,36658
0583$18.70$20.80—$150.0023.51%$2.69$3.002,63668
13,286$15.25$16.45—$155.0022.93%$3.85$4.2527859
03,135$11.80$13.10—$160.0022.19%$5.25$5.851,3757
931,977$9.10$9.95—$165.0021.46%$7.10$7.803317
03,204$6.45$7.2520.51%$170.00—$9.50$10.709610
14610,947$4.55$5.2020.18%$175.00—$11.90$13.70199
301,707$3.25$4.0020.69%$180.00—————
1011,103$2.16$2.5820.14%$185.00—$19.25$21.5520
17105$1.21$1.9120.00%$190.00—————

Forward $167.11. The 25-delta put carries +2.79 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.