Options Skew Analytics

PINS 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 48.24%±1.41skew +2.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
105$2.75$4.10—$15.00—————
—————$16.0056.82%$0.01$0.05190
—————$16.5052.84%$0.04$0.06211
313$1.32$1.80—$17.0051.61%$0.08$0.1281153
21$1.20$1.38—$17.5050.30%$0.15$0.222779
915$0.86$0.92—$18.0049.04%$0.28$0.3640450
136111$0.56$0.64—$18.5048.43%$0.48$0.57338338
43284$0.34$0.4147.80%$19.00—$0.76$0.832026
244,081$0.20$0.2548.05%$19.50—$1.11$1.19985
47282$0.12$0.1549.27%$20.00—$1.46$1.691109
11407$0.06$0.0949.74%$20.50—$1.86$2.19417
107231$0.04$0.0855.08%$21.00—$2.35$3.40362
8983$0.02$0.0555.97%$21.50—$2.55$3.85460
—————$22.00—$3.00$4.40190
—————$22.50—$3.50$4.9030
—————$23.00—$4.05$4.6082

Forward $18.58. The 25-delta put carries +2.26 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 46.30%±1.80skew +2.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$2.85$4.25—$15.00—————
03$2.40$3.75—$15.50—————
—————$16.0050.91%$0.05$0.08160
03$1.44$2.16—$17.0049.52%$0.16$0.233154
01$1.35$1.47—$17.5048.36%$0.26$0.35512
1625$1.01$1.11—$18.0047.69%$0.42$0.516235
727$0.73$0.81—$18.5046.32%$0.61$0.721790
7436$0.50$0.5946.27%$19.00—$0.89$1.00420
1760$0.33$0.4146.07%$19.50—$1.23$1.34356
2359$0.21$0.2846.18%$20.00—$1.61$1.713712
063$0.13$0.2147.58%$20.50—$1.81$2.231328
—————$21.00—$2.35$3.40214
184$0.04$0.0846.71%$21.50—————
—————$22.00—$3.05$4.85120
—————$22.50—$3.55$5.7080
—————$23.00—$4.35$5.10110
—————$23.50—$4.50$6.1560

Forward $18.61. The 25-delta put carries +2.18 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 46.11%±2.15skew +0.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$4.80$6.00—$13.00—————
02$3.80$5.00—$14.00—————
012$3.25$3.75—$15.0051.84%$0.03$0.061003
01$2.90$3.30—$15.5049.96%$0.06$0.0860
325$2.40$2.85—$16.0049.08%$0.10$0.136948
02$1.91$2.37—$16.5049.44%$0.15$0.248212
06$1.75$1.98—$17.0048.01%$0.23$0.3452514,928
01$1.47$1.57—$17.5046.81%$0.37$0.45954
110242$1.17$1.22—$18.0046.84%$0.52$0.6754342
20$0.85$0.95—$18.5046.28%$0.74$0.89230
4152$0.62$0.7245.90%$19.00—$1.04$1.161,2048
27106$0.44$0.5345.55%$19.50—$1.34$1.4750
6832,825$0.33$0.3946.43%$20.00—$1.72$1.813733
15148$0.23$0.2846.56%$20.50—$2.05$2.222710
55680$0.16$0.2147.36%$21.00—$2.31$3.059911
1242$0.11$0.1547.78%$21.50—$2.85$3.5526
833,691$0.08$0.1148.78%$22.00—$3.35$3.90840
035$0.06$0.0849.83%$22.50—$3.75$4.7040
0644$0.04$0.0650.51%$23.00—$4.35$4.704270
6763$0.01$0.0451.67%$24.00—$5.25$6.102811

Forward $18.59. The 25-delta put carries +0.25 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 46.18%±2.46skew +3.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$3.70$6.15—$14.00—————
—————$16.0050.02%$0.14$0.231216
—————$16.5048.92%$0.21$0.32202
03$1.80$2.15—$17.0048.38%$0.32$0.442803
—————$17.5047.96%$0.46$0.60452
14$1.25$1.37—$18.0046.22%$0.64$0.74294
063$0.97$1.10—$18.5046.32%$0.87$0.98418
211$0.73$0.8846.08%$19.00—$1.14$1.28384
012$0.55$0.6946.15%$19.50—$1.45$1.58110
456$0.40$0.5446.21%$20.00—$1.77$1.92121
06$0.29$0.3845.34%$20.50—$2.15$2.3022
4272$0.21$0.3347.13%$21.00—$2.31$3.2044
541$0.15$0.2246.23%$21.50—$2.95$3.7024
—————$22.00—$3.25$4.20612
—————$22.50—$3.65$4.6092
—————$23.00—$4.30$5.45120
—————$23.50—$4.50$6.30110
—————$24.00—$5.00$7.5590
—————$24.50—$5.45$8.0570

Forward $18.61. The 25-delta put carries +3.04 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 46.73%±2.77skew +1.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$3.75$5.55—$14.00—————
11$3.45$4.85—$14.50—————
—————$15.5052.63%$0.15$0.2485
10$2.09$3.40—$16.0052.33%$0.22$0.3434
01$2.30$2.68—$16.5050.24%$0.32$0.4011103
—————$17.0048.18%$0.38$0.54270
—————$17.5049.27%$0.60$0.7080
21$1.35$1.53—$18.0048.66%$0.78$0.9043209
52$1.06$1.28—$18.5047.04%$0.96$1.121481
012$0.84$1.0346.65%$19.00—$1.23$1.39150
014$0.65$0.8346.49%$19.50—$1.55$1.70150
081$0.48$0.6646.00%$20.00—$1.89$2.0391
13$0.37$0.5446.74%$20.50—$2.25$2.3941
—————$21.00—$2.57$2.9620
1011$0.23$0.3347.69%$21.50—$2.85$4.0512
—————$22.00—$3.25$4.40262
—————$22.50—$3.70$4.65126
—————$23.00—$4.35$5.1010724
—————$23.50—$4.80$5.751326
—————$24.00—$5.05$6.7590
—————$24.50—$5.40$8.05140

Forward $18.63. The 25-delta put carries +1.43 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 59.64%±4.45skew -0.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$7.85$9.65—$10.00—————
02$6.85$8.05—$11.00—————
02$5.85$6.90—$12.0065.38%$0.05$0.09110
024$5.05$6.00—$13.0064.99%$0.13$0.162312
05$4.20$5.10—$14.00—————
0100$3.40$4.20—$15.0061.91%$0.39$0.4481828
083$3.10$3.40—$16.0060.98%$0.63$0.68188406
029$2.48$2.74—$17.0060.99%$0.96$1.0464031
3394$1.98$2.15—$18.0059.35%$1.26$1.522,7276
961,351$1.60$1.6659.68%$19.00—$1.90$1.951,156149
31398$1.21$1.2659.24%$20.00—$2.44$2.568022
8244$0.80$1.0258.51%$21.00—$3.15$3.3545213
78358$0.56$0.7858.37%$22.00—$3.90$4.107960
7622$0.48$0.6561.74%$23.00—$4.70$4.953140
99941$0.34$0.4259.75%$24.00—$5.55$6.157021
121,142$0.21$0.2958.16%$25.00—$6.50$7.403290
24,422$0.15$0.2359.17%$26.00—$7.40$8.255890
—————$27.00—$8.40$9.25450
3259$0.08$0.1360.34%$28.00—$9.35$10.3050
—————$29.00—$10.25$11.3030
11,409$0.04$0.0962.50%$30.00—————

Forward $18.70. The 25-delta put carries -0.76 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 55.63%±5.07skew +5.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$9.85$11.05—$8.00—————
024$7.95$9.10—$10.00—————
014$7.00$7.90—$11.00—————
05$6.05$7.00—$12.0062.64%$0.12$0.16221
019$5.20$6.15—$13.0062.48%$0.20$0.317300
019$4.40$5.20—$14.0060.18%$0.34$0.432453
0241$3.65$4.40—$15.0059.62%$0.53$0.679,3590
0183$3.35$3.65—$16.0058.74%$0.79$0.962900
085$2.72$3.05—$17.0057.97%$1.13$1.322932
8142$2.19$2.46—$18.0057.62%$1.57$1.761,7225
0177$1.84$1.9855.96%$19.00—$2.11$2.167888
66,201$1.47$1.5355.34%$20.00—$2.61$2.775584
7244$1.02$1.3054.74%$21.00—$3.35$3.453056
2278$0.77$1.0254.52%$22.00—$4.05$4.304940
71,823$0.57$0.7353.17%$23.00—$4.85$5.208250
6617$0.44$0.5753.66%$24.00—$5.70$6.051,0430
52,182$0.35$0.5255.98%$25.00—$6.55$7.409200
0247$0.25$0.3654.62%$26.00—$7.50$8.30640
—————$27.00—$8.30$9.30450
01,372$0.15$0.2155.18%$28.00—$9.40$10.203560
—————$29.00—$10.35$11.45100

Forward $18.77. The 25-delta put carries +5.57 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 53.67%±5.65skew +2.56
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$9.90$11.30—$8.00—————
076$8.15$8.90—$10.00—————
05$7.10$8.05—$11.0057.80%$0.06$0.12150
020$6.20$7.10—$12.0058.99%$0.17$0.2115118
0396$5.35$6.15—$13.0057.67%$0.28$0.338831
04$4.55$5.35—$14.0057.94%$0.42$0.581311
2520$4.00$4.60—$15.0054.54%$0.56$0.763,2820
02$3.55$3.85—$16.0054.90%$0.84$1.125061
112$2.96$3.25—$17.0055.86%$1.32$1.4819527
41,582$2.52$2.74—$18.0055.07%$1.72$1.949,3381
276$2.05$2.2253.25%$19.00—$2.12$2.457122
1732,681$1.68$1.8553.77%$20.00—$2.86$3.002,6331
456$1.24$1.4952.03%$21.00—$3.50$3.752750
0126$0.97$1.2352.20%$22.00—$4.20$4.451560
11,464$0.75$0.9351.17%$23.00—$5.00$5.202,40151
0225$0.58$0.8252.33%$24.00—$5.70$6.201840
143,939$0.49$0.6152.23%$25.00—$6.65$7.054,4240
12207$0.36$0.5553.07%$26.00—$7.55$8.352380
53,408$0.34$0.4153.75%$27.00—$8.40$9.301,5440
—————$28.00—$9.35$10.2510
—————$29.00—$10.40$11.25630

Forward $18.85. The 25-delta put carries +2.56 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.