Options Skew Analytics

PHM 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 37.79%±8.99skew +3.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$10.20$13.00—$126.00—————
05$9.30$12.60—$127.00—————
01$8.40$11.50—$128.00—————
0—$7.60$10.30—$129.0040.25%$0.75$1.25—0
76461$7.50$9.30—$130.00—————
0—$6.10$8.70—$131.0041.58%$1.25$1.90—0
0—$6.00$7.10—$132.0039.45%$1.40$2.00—0
0—$5.50$6.30—$133.0039.16%$1.75$2.25—0
0—$4.80$5.70—$134.0037.87%$2.00$2.50—0
5108$4.30$5.10—$135.0038.12%$2.45$2.90190
2—$3.70$4.50—$136.0038.16%$2.85$3.40—0
0—$3.10$4.00—$137.00—$3.20$3.90—0
0—$2.70$3.5037.62%$138.00—$3.80$4.30—40
0—$2.25$3.1037.57%$139.00—$4.10$5.00—0
1296$1.80$2.7037.05%$140.00—$4.90$5.8020
0—$1.70$2.2537.74%$141.00—$5.80$6.60—5
0—$1.40$1.9537.73%$142.00—$5.80$7.10—7
0—$1.15$1.7538.22%$143.00—$6.30$8.80—0
0—$1.00$1.4037.97%$144.00—$7.10$9.70—0
—————$146.00—$9.10$11.40—5
—————$147.00—$9.40$12.10—0

Forward $137.00. The 25-delta put carries +3.61 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 35.23%±15.82skew +4.33
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$65.50$69.00—$70.00—————
010$50.60$54.20—$85.00—————
02$45.80$49.10—$90.00—————
01$36.00$39.30—$100.00—————
010$31.10$34.40—$105.00—————
08$26.30$29.60—$110.00—————
0102$21.60$24.70—$115.0041.05%$0.55$0.90290
084$17.10$20.30—$120.0039.70%$1.05$1.501430
052$13.50$14.90—$125.0038.08%$1.85$2.35310
0226$10.00$11.30—$130.0037.59%$3.00$4.00700
350$7.10$8.30—$135.0036.54%$4.80$5.90200
10175$4.60$5.5034.88%$140.00—$7.40$8.40112
461$3.00$3.7035.23%$145.00—————
7893$1.70$2.1033.75%$150.00—————
0213$0.85$1.2032.93%$155.00—————

Forward $137.36. The 25-delta put carries +4.33 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 35.83%±21.02skew +2.83
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
033$65.70$69.10—$70.00—————
07$60.80$64.20—$75.00—————
09$55.80$59.20—$80.00—————
012$50.90$54.30—$85.00—————
08$46.00$49.40—$90.00—————
024$41.10$44.50—$95.00—————
0197$36.30$39.60—$100.00—————
058$31.50$34.90—$105.00—————
019$26.90$29.60—$110.0039.51%$0.80$1.103140
047$22.40$24.90—$115.0037.63%$1.25$1.601173
0306$18.30$21.00—$120.0036.92%$1.85$2.702750
092$14.30$17.00—$125.0036.80%$2.95$4.202903
3188$11.80$13.10—$130.0034.52%$4.40$5.301061
0139$7.70$10.10—$135.0034.35%$6.30$7.701262
4192$6.60$7.5036.20%$140.00—$8.80$10.201550
1349$4.60$5.3034.99%$145.00—$11.40$13.80130
1289$3.00$3.8034.30%$150.00—$14.80$17.5010
081$1.85$2.7533.97%$155.00—————
072$1.25$2.0034.49%$160.00—————
0160$0.75$1.2033.52%$165.00—————
2500$0.60$0.8034.39%$170.00—————

Forward $136.91. The 25-delta put carries +2.83 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 36.84%±30.38skew +2.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$61.50$64.80—$75.00—————
06$56.70$60.00—$80.00—————
08$51.90$54.60—$85.00—————
03$47.00$49.80—$90.00—————
01$37.80$41.30—$100.00—————
01$33.40$36.70—$105.0040.51%$1.55$2.109035
05$29.20$32.50—$110.0039.49%$2.15$2.90310
—————$115.0038.39%$3.00$3.8051
031$21.20$24.10—$120.0038.54%$4.10$5.502521
217$17.70$20.90—$125.0038.06%$5.50$7.2010
223$15.80$17.30—$130.0036.75%$7.20$8.70521
19$13.20$15.00—$135.0037.05%$9.30$11.4020
54192$10.50$11.7036.79%$140.00—$11.80$14.0010
329$8.60$9.8037.03%$145.00—————
09$6.60$8.4036.99%$150.00—$17.70$20.0010
33$5.20$6.2035.72%$155.00—————
015$4.00$4.8035.21%$160.00—————
057$3.00$4.1035.57%$165.00—————
03$2.30$3.0034.97%$170.00—————

Forward $138.17. The 25-delta put carries +2.97 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 36.29%±47.26skew +1.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$59.00$63.00—$80.00—————
03$54.60$58.50—$85.00—————
01$38.00$41.00—$105.0039.33%$4.40$5.6030
11$34.50$37.90—$110.00—————
020$31.10$33.70—$115.0037.93%$6.90$8.00110
01$27.60$31.90—$120.00—————
04$24.50$28.50—$125.00—————
—————$130.0037.72%$12.20$14.4010
11$16.60$19.40—$140.00—————
12$14.60$17.4035.41%$145.00—————
111$14.10$15.2036.38%$150.00—————
03$12.30$13.5036.19%$155.00—————
107$10.30$11.9035.55%$160.00—————
01$9.30$10.5035.81%$165.00—————
07$5.90$7.9036.21%$180.00—————
01$3.70$6.0036.71%$195.00—————

Forward $140.88. The 25-delta put carries +1.22 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.