Options Skew Analytics

PGR option chain

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

Data as of 23 September 2026 (end of day)

2026-10-02(9 days)ATM 27.58%±8.83skew +1.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$42.10$45.70—$160.00—————
55$8.90$11.00—$195.0031.41%$0.80$1.201593
—————$197.5029.92%$1.15$1.7036751
—————$200.0028.94%$1.75$2.403524
10$3.80$4.70—$202.5028.13%$2.65$3.3050170
366$2.55$3.3027.38%$205.00—$3.90$4.6025970
010$1.80$2.3528.26%$207.50—$5.30$6.2060
95$1.10$1.6528.41%$210.00—$7.20$8.00640
06$0.75$1.2029.69%$212.50—$8.30$10.3050
—————$215.00—$10.40$12.80240
—————$220.00—$15.10$17.70215
—————$225.00—$19.40$23.3011

Forward $203.78. The 25-delta put carries +1.52 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 26.87%±11.47skew +2.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$195.0028.79%$1.40$1.80192
—————$197.5027.88%$1.90$2.401960
—————$200.0027.24%$2.60$3.201010
132$4.90$5.80—$202.5026.94%$3.50$4.30517
24$3.60$4.5026.86%$205.00—$4.70$5.602717
524$2.60$3.5026.98%$207.50—$6.10$7.10442
01$1.85$2.6527.12%$210.00—$7.90$8.9058262
01$1.30$1.8026.69%$212.50—$8.90$10.8010
050$0.90$1.1526.27%$215.00—$10.70$13.00630
—————$217.50—$12.80$15.4010
—————$220.00—$15.10$18.10110
—————$230.00—$24.40$28.4010

Forward $203.90. The 25-delta put carries +2.10 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 30.14%±15.46skew +1.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$190.0033.00%$1.50$1.904256
—————$195.0031.71%$2.45$3.003244
—————$197.5031.31%$3.10$3.8011
13$7.90$9.10—$200.0030.33%$3.90$4.5072138
—————$202.5030.15%$4.90$5.601431
—————$205.00—$6.10$6.80546
10$4.20$5.3030.14%$207.50—$7.40$8.4010
5794$3.30$3.7028.50%$210.00—$9.00$9.601,00257
—————$212.50—$10.80$11.90022
027$1.90$2.9030.33%$215.00—$11.50$13.90115
10180$1.15$1.5529.80%$220.00—$16.50$17.404402
—————$230.00—$24.80$27.7070

Forward $204.34. The 25-delta put carries +1.38 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 29.00%±18.86skew +1.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$185.0032.41%$1.50$2.1001
—————$190.0030.90%$2.25$2.9507
—————$195.0029.79%$3.40$4.2010
—————$200.0028.41%$5.00$5.7090
—————$205.00—$7.20$9.0010
12$4.50$5.9029.54%$210.00—$10.10$11.8010
1012$2.90$4.2029.30%$215.00—$13.50$14.7010
01$1.85$3.0029.55%$220.00—$15.90$18.5001
—————$225.00—$20.20$23.0020

Forward $204.23. The 25-delta put carries +1.35 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 27.75%±22.71skew +2.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$58.10$62.00—$145.00—————
04$53.20$57.00—$150.00—————
04$34.80$37.70—$170.00—————
—————$180.0031.66%$1.70$2.002592
03$21.80$24.20—$185.0030.12%$2.10$2.851142
15921$18.10$20.10—$190.0029.58%$3.30$3.807111
16$14.40$15.50—$195.0028.68%$4.60$5.101313
030$11.10$12.90—$200.0028.25%$6.30$7.001132
021$8.40$10.00—$205.0027.93%$8.50$9.30608
070$6.10$7.6027.42%$210.00—$11.20$12.2017916
265$4.50$5.7027.48%$215.00—$14.50$15.504527
21141$3.10$4.2027.28%$220.00—$18.10$19.306164
4618$2.15$3.1027.44%$225.00—$20.80$23.40300
—————$230.00—$25.70$27.601414
—————$235.00—$29.90$32.5040
—————$240.00—$34.50$37.40230
—————$245.00—$39.60$42.2030

Forward $205.30. The 25-delta put carries +2.29 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 27.07%±27.06skew +2.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$54.30$57.80—$150.00—————
015$45.30$48.30—$160.00—————
—————$170.0032.89%$1.40$1.90250
04$31.80$34.40—$175.0031.83%$1.90$2.45641
06$27.10$30.20—$180.0030.79%$2.50$3.201351
02$23.40$26.10—$185.0029.40%$3.30$3.904561
04$19.60$22.20—$190.0028.52%$4.40$5.002641
08$16.20$18.80—$195.0028.04%$5.80$6.60421
413$13.00$15.00—$200.0027.36%$7.50$8.402483
010$10.30$12.10—$205.0027.22%$9.80$10.703061
126$8.10$9.6026.93%$210.00—$11.50$13.40752
3161$6.10$7.6026.63%$215.00—$14.30$16.701220
8159$4.60$5.9026.49%$220.00—$17.60$20.602570
2141$3.30$4.5026.20%$225.00—$21.50$24.101240
2196$2.40$3.5026.33%$230.00—$26.40$28.40720
1186$1.65$2.7526.42%$235.00—$30.20$32.80630
—————$240.00—$34.70$37.90170
—————$245.00—$39.50$42.30120

Forward $205.96. The 25-delta put carries +2.32 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 28.50%±39.99skew +4.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$73.60$77.30—$130.00—————
06$50.30$53.70—$155.00—————
08$45.60$49.10—$160.00—————
06$37.30$40.20—$170.00—————
03$33.00$36.00—$175.0029.62%$4.30$6.80903
06$28.90$32.00—$180.0029.87%$5.60$8.70430
024$25.10$27.70—$185.0031.14%$8.80$10.20260
05$21.70$24.50—$190.0030.72%$10.60$12.00910
027$18.40$21.30—$195.0029.80%$12.50$13.60690
053$15.40$18.20—$200.0029.41%$14.80$15.801141
450$10.30$13.1027.72%$210.00—$18.70$21.80400
4577$6.90$8.8026.58%$220.00—$25.70$29.00640
1185$4.50$5.4025.50%$230.00—$33.10$36.4030
588$1.90$2.7522.75%$240.00—————
—————$270.00—$69.80$73.5020
—————$290.00—$89.10$93.0010
—————$330.00—$128.60$132.4010
—————$340.00—$138.30$142.4010

Forward $201.53. The 25-delta put carries +4.37 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.