Options Skew Analytics

PGR option chain

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

Data as of 9 November 2026 (end of day)

2026-11-20(11 days)ATM 27.49%±10.88skew +0.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$56.00$59.60—$170.00—————
07$41.70$44.40—$185.00—————
0340$36.70$39.40—$190.0046.90%$0.05$0.103981
07$31.70$34.40—$195.00—————
024$26.40$29.60—$200.00—————
022$21.50$24.90—$205.00—————
179$17.10$19.70—$210.00—————
0140$13.00$15.10—$215.00—————
02$10.40$12.70—$217.5029.07%$0.85$1.30310
1219$9.00$9.60—$220.0028.74%$1.35$1.801460
09$7.10$7.70—$222.5028.65%$1.95$2.6060
0772$5.60$6.10—$225.0028.08%$2.70$3.50988
59$4.20$4.90—$227.5027.60%$3.80$4.5041
27476$3.10$3.6027.27%$230.00—$5.30$6.001100
0121$2.25$2.7027.61%$232.50—$6.90$7.6020
8969$1.55$2.0027.80%$235.00—$8.80$9.4040
264$1.05$1.4027.82%$237.50—————
3526$0.75$1.1529.22%$240.00—$11.80$14.302730
—————$245.00—$16.30$18.8050
—————$247.50—$18.80$21.30—0
—————$252.50—$23.30$26.40—0

Forward $227.90. The 25-delta put carries +0.94 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 26.53%±13.42skew -0.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$22.40$25.30—$205.00—————
0—$20.00$22.60—$207.50—————
08$17.60$20.40—$210.00—————
0—$16.00$17.60—$212.50—————
08$13.70$15.90—$215.00—————
0—$11.10$13.50—$217.5027.46%$1.60$1.90—0
04$9.10$10.40—$220.0026.37%$2.00$2.4590
0—$7.90$8.70—$222.5026.39%$2.85$3.20—0
1083$6.60$7.20—$225.00—————
10—$5.20$5.80—$227.5026.58%$4.90$5.50—0
010$4.00$4.6026.32%$230.00—————
0—$3.10$3.7026.67%$232.50—$7.70$8.30—0
451$2.35$2.8526.68%$235.00—$9.20$10.1030
0—$1.75$2.2026.82%$237.50—$10.40$12.30—0
933$1.30$1.7027.12%$240.00—$12.40$14.7020
—————$242.50—$14.20$16.40—0
—————$247.50—$18.70$20.80—0
—————$252.50—$23.80$26.30—0

Forward $227.80. The 25-delta put carries -0.45 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 25.12%±18.76skew +1.54
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$76.60$80.30—$150.00—————
018$66.10$70.20—$160.00—————
04$51.90$55.40—$175.00—————
07$47.50$50.40—$180.00—————
02$42.00$45.50—$185.00—————
08$37.40$40.70—$190.00—————
044$32.90$35.60—$195.00—————
066$28.20$30.70—$200.00—————
110$23.60$26.00—$205.0028.22%$1.00$1.353291
034$19.20$21.50—$210.0027.28%$1.65$1.9510811
0145$15.90$16.80—$215.0026.37%$2.50$2.901361
0241$12.30$13.20—$220.0026.21%$4.00$4.302867
0501$9.20$10.10—$225.0026.31%$5.80$6.5014318
3489$6.30$7.1025.04%$230.00—$7.70$8.801495
1491$4.50$5.5026.05%$235.00—$11.20$11.70630
7415$3.00$3.3024.83%$240.00—$14.40$15.40170
5313$1.90$2.4525.39%$245.00—$17.70$20.00120
1254$1.15$1.9026.16%$250.00—————
2898$0.70$1.1025.69%$255.00—————

Forward $228.44. The 25-delta put carries +1.54 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 30.93%±29.59skew +5.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
057$76.80$80.30—$150.00—————
05$71.30$75.30—$155.00—————
01$66.40$70.40—$160.00—————
01$61.50$65.50—$165.00—————
028$56.70$60.60—$170.00—————
01$52.70$55.70—$175.00—————
076$47.70$50.80—$180.00—————
062$42.60$45.70—$185.00—————
0253$37.70$41.10—$190.0033.69%$1.55$2.353,2960
023$32.80$36.50—$195.0033.50%$2.40$3.101,0181
0267$28.50$31.40—$200.0032.83%$3.20$4.101,5591
0270$19.90$23.10—$210.0032.10%$5.70$7.001,0803
01,344$12.50$15.20—$220.0032.36%$9.90$11.3086217
12,075$7.70$8.7029.21%$230.00—$14.70$18.209310
11,993$4.00$5.0027.61%$240.00—$22.10$25.601300
211,054$1.95$2.5026.47%$250.00—$30.90$34.201080
5235$1.00$1.2526.47%$260.00—$40.30$43.50421
—————$270.00—$50.00$53.10370
—————$280.00—$59.60$62.90510
—————$290.00—$69.60$72.5050
—————$300.00—$79.30$82.6010

Forward $223.27. The 25-delta put carries +5.22 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 29.41%±34.54skew +5.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$47.40$51.00—$180.0034.79%$1.90$2.65580
—————$185.0033.65%$2.20$3.40180
—————$190.0033.28%$3.30$4.00331
—————$195.0031.87%$3.70$5.00251
014$29.30$32.10—$200.0030.95%$4.50$6.2016651
017$21.00$23.50—$210.0030.18%$7.40$9.401222
0116$14.30$16.10—$220.0030.63%$12.20$13.903300
0370$8.90$10.1027.62%$230.00—$17.00$20.505847
55214$5.10$6.2026.06%$240.00—$24.10$27.3001
4508$2.85$3.6025.29%$250.00—————
—————$270.00—$50.20$53.40120
—————$280.00—$59.70$63.10150
—————$290.00—$69.60$72.8090
—————$300.00—$79.30$82.6040
—————$320.00—$99.20$102.4070
—————$330.00—$109.10$112.4050

Forward $222.18. The 25-delta put carries +5.65 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 28.77%±38.01skew +4.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$96.00$100.00—$130.00—————
06$71.30$75.30—$155.00—————
08$66.40$70.40—$160.00—————
06$56.60$60.90—$170.00—————
02$52.40$55.90—$175.00—————
07$47.70$51.10—$180.0032.27%$2.05$3.40710
024$42.80$46.40—$185.0031.69%$2.70$4.20320
05$38.20$41.80—$190.0031.78%$4.00$5.10920
027$34.20$36.90—$195.0031.18%$5.00$6.20710
061$29.80$32.30—$200.0030.50%$6.00$7.605271
058$21.70$24.20—$210.0028.74%$8.30$10.90591
0607$14.70$17.30—$220.0029.62%$13.90$15.40830
2240$9.70$11.4027.24%$230.00—$17.50$21.50390
26205$5.80$7.3025.60%$240.00—————
198$3.90$4.8025.78%$250.00—————
—————$270.00—$50.40$53.7020
—————$290.00—$69.50$72.8010
—————$330.00—$109.10$112.3010
—————$340.00—$119.00$122.2010

Forward $221.37. The 25-delta put carries +4.73 volatility points over the 25-delta call.

2027-05-21(193 days)ATM 26.82%±43.33skew +3.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$180.0031.02%$3.20$5.1010
—————$190.0029.86%$4.80$7.2010
09$30.80$34.00—$200.0028.82%$7.10$9.9080
01$23.10$26.50—$210.00—————
01$16.60$20.50—$220.00—————
022$12.10$14.8026.55%$230.00—$19.20$23.0010
016$8.20$10.9025.75%$240.00—————
111$5.50$7.9025.36%$250.00—————
01$3.60$5.7025.18%$260.00—————
—————$290.00—$69.80$72.5010

Forward $222.18. The 25-delta put carries +3.64 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.