Options Skew Analytics

PM 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 30.31%±8.99skew +2.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$58.50$61.50—$130.00—————
01$48.50$51.30—$140.00—————
05$23.20$26.20—$165.00—————
05$18.70$21.20—$170.00—————
05$13.90$15.90—$175.00—————
07$9.10$11.60—$180.0031.03%$0.60$0.90843
11$7.40$9.40—$182.5030.66%$1.05$1.40102
228$5.70$6.40—$185.0030.46%$1.75$2.102831
11098$4.20$4.70—$187.5030.68%$2.75$3.10131
9596$2.85$3.3030.06%$190.00—$3.80$4.40601
740$1.80$2.2529.40%$192.50—$5.50$6.0056
32172$1.05$1.4028.52%$195.00—$7.20$7.9030
—————$197.50—$8.10$10.80210
—————$200.00—$10.40$12.9020
—————$202.50—$13.30$15.40038

Forward $188.97. The 25-delta put carries +2.14 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 27.53%±10.88skew +2.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
020$13.80$16.60—$175.00—————
—————$177.5028.33%$0.70$1.00571
—————$180.0028.58%$1.20$1.507716
—————$182.5028.20%$1.75$2.15210
—————$185.0027.92%$2.55$2.95341
100$4.80$5.40—$187.5027.24%$3.50$3.9060
937$3.50$4.0027.68%$190.00—$4.80$5.30121
44$2.45$2.8026.79%$192.50—$6.30$6.9004
115$1.65$1.9026.20%$195.00—$7.80$8.7010
64$1.05$1.3025.96%$197.50—————
7193$0.60$0.9025.78%$200.00—————

Forward $188.70. The 25-delta put carries +2.00 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 26.67%±12.63skew +1.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$38.30$41.10—$150.00—————
03$28.00$31.20—$160.00—————
024$19.00$21.30—$170.00—————
1000$16.60$18.90—$172.50—————
015$14.40$16.40—$175.0028.44%$0.85$1.101,78834
—————$177.5028.05%$1.25$1.50510
0205$9.80$12.20—$180.0027.32%$1.70$2.001,65333
—————$182.5027.16%$2.40$2.7035
13596$6.70$7.50—$185.0026.85%$3.20$3.6055122
—————$187.5026.62%$4.20$4.7061
31662$4.20$4.6026.69%$190.00—$5.30$6.2032116
2723$3.20$3.5026.48%$192.50—$6.90$7.4005
193769$2.35$2.6026.21%$195.00—$8.30$9.301090
15$1.40$2.2026.09%$197.50—$9.20$11.2010
2941,888$1.15$1.4025.96%$200.00—$11.10$13.50990
46205$0.70$1.1526.25%$202.50—————
—————$210.00—$20.30$23.00610
—————$220.00—$30.10$33.1090
—————$230.00—$40.50$43.0070

Forward $188.65. The 25-delta put carries +1.24 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 32.15%±17.40skew +0.98
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$165.0036.10%$0.65$1.0020
—————$170.0034.64%$1.15$1.503572
11$15.00$17.40—$175.0033.65%$2.00$2.30162
113$11.90$13.60—$180.0032.93%$3.20$3.60694
02$8.70$9.30—$185.0032.53%$5.00$5.4030
48$6.10$6.6032.12%$190.00—$7.30$7.8030
829$4.00$4.6031.82%$195.00—$10.30$10.8010
0404$2.60$3.1031.95%$200.00—————
13221$1.60$1.9531.74%$205.00—————
20718$0.90$1.3031.94%$210.00—————

Forward $188.80. The 25-delta put carries +0.98 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 31.78%±19.12skew +2.78
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$165.0035.58%$0.85$1.4060
—————$170.0033.76%$1.40$1.90290
—————$175.0032.96%$2.25$2.90132
—————$180.0031.81%$3.40$4.2091
—————$185.0031.73%$5.20$6.201540
16$6.40$7.8031.78%$190.00—$7.60$8.7010
4114$4.30$5.7031.47%$195.00—$10.50$11.6010
112$2.80$4.1031.49%$200.00—————
368$1.80$2.3530.18%$205.00—$16.60$19.40100
330$1.15$1.6530.84%$210.00—————
011$0.70$1.0530.91%$215.00—————

Forward $188.95. The 25-delta put carries +2.78 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 30.07%±22.70skew +2.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$77.70$81.50—$110.00—————
02$73.10$76.30—$115.00—————
039$67.80$71.10—$120.00—————
040$62.70$66.10—$125.00—————
08$57.70$61.30—$130.00—————
017$52.80$56.60—$135.00—————
019$47.80$51.20—$140.00—————
034$43.20$46.30—$145.00—————
1,426117$38.70$41.40—$150.00—————
038$33.90$36.60—$155.00—————
445$29.30$32.00—$160.0034.18%$1.15$1.301,14751
075$24.90$27.50—$165.0032.16%$1.35$1.901,2353
0245$20.80$23.30—$170.0032.27%$2.45$2.701,03727
1215$17.40$19.30—$175.0031.68%$3.50$3.901,08921
0419$13.70$15.90—$180.0030.84%$4.90$5.301,26615
0463$10.50$12.40—$185.0030.43%$6.80$7.2038720
13519$8.50$8.9030.12%$190.00—$9.10$9.6055511
38901$6.30$6.7029.77%$195.00—$11.90$12.40590
571,823$4.60$4.9029.54%$200.00—$14.80$16.30350
586,494$2.25$2.5029.28%$210.00—$21.50$24.10120
27949$1.00$1.4530.08%$220.00—$30.50$33.2010

Forward $189.35. The 25-delta put carries +2.40 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 29.38%±27.08skew +2.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$67.80$71.20—$120.00—————
016$63.20$66.20—$125.00—————
0188$58.70$61.30—$130.00—————
026$53.50$56.40—$135.00—————
010$49.10$51.70—$140.00—————
026$44.10$46.90—$145.0035.64%$0.60$0.853576
1442$39.60$42.20—$150.0034.67%$0.85$1.208910
021$35.00$37.30—$155.00—————
0154$30.70$33.20—$160.0031.72%$1.40$2.155955
068$26.50$29.00—$165.0031.98%$2.55$2.854103
086$22.50$25.00—$170.0031.40%$3.50$3.903765
0303$18.70$21.30—$175.0030.62%$4.70$5.101,63463
0364$15.50$17.90—$180.0030.19%$6.30$6.706235
0175$12.60$14.80—$185.0029.80%$8.20$8.707789
1388$10.50$10.9029.54%$190.00—$10.60$11.002215
7475$8.20$8.6029.12%$195.00—$11.90$14.302050
61,121$6.30$6.8028.98%$200.00—$16.00$17.60582
89941$3.50$3.9028.41%$210.00—$22.30$24.8050
6943$1.80$2.2028.22%$220.00—————
6416$0.80$1.2528.11%$230.00—————
6305$0.50$0.7029.06%$240.00—————

Forward $189.90. The 25-delta put carries +2.21 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 29.15%±30.85skew +2.71
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0190$73.00$76.30—$115.00—————
091$68.00$71.40—$120.00—————
0641$62.80$66.30—$125.00—————
0288$58.70$61.50—$130.00—————
0296$53.90$56.60—$135.00—————
2196$49.20$51.90—$140.0035.40%$0.70$1.055490
4256$44.70$46.20—$145.0034.00%$0.90$1.351,7830
02,031$39.80$42.60—$150.0032.97%$1.20$1.801,1450
0121$35.50$38.10—$155.0031.91%$1.65$2.308685
0380$31.20$33.80—$160.0030.96%$2.20$3.001,1770
0514$27.20$29.70—$165.0030.96%$3.10$4.201,1210
01,142$23.30$25.70—$170.0030.90%$4.80$5.1095961
10638$19.90$22.10—$175.0030.47%$6.20$6.608642
51,045$16.50$18.90—$180.0029.96%$7.90$8.3087318
0463$13.70$16.00—$185.0029.59%$9.90$10.4041427
01,203$11.70$12.1029.32%$190.00—$12.30$12.8042722
2824$9.40$9.8028.86%$195.00—$13.50$15.801380
91,963$7.50$7.9028.63%$200.00—$17.70$19.20349
271,634$4.60$4.9028.19%$210.00—$24.20$26.3070
147960$2.75$3.0028.15%$220.00—————
0499$1.35$2.0028.12%$230.00—————

Forward $189.34. The 25-delta put carries +2.71 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.