Options Skew Analytics

PM option chain

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

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 28.52%±7.83skew +0.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
163$17.90$20.30—$180.00—————
160$15.30$17.80—$182.50—————
105$12.80$15.40—$185.00—————
100$10.40$12.40—$187.50—————
06$8.30$10.80—$190.0029.79%$0.50$0.75276
10$6.70$7.30—$192.5028.96%$0.85$1.25391
0155$4.80$5.40—$195.0027.96%$1.45$1.903317
745$3.20$3.80—$197.5028.35%$2.55$2.9011320
65108$2.15$2.6028.77%$200.00—$3.60$4.208415
9326$1.35$1.7028.95%$202.50—$5.30$5.8079146
38244$0.70$1.0028.09%$205.00—$7.10$8.10242113
—————$207.50—$8.10$10.908421
—————$210.00—$10.20$12.70770
—————$212.50—$13.10$15.604450

Forward $198.28. The 25-delta put carries +0.88 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 28.37%±11.03skew +1.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
035$37.50$40.30—$160.00—————
079$32.30$35.10—$165.00—————
0219$27.80$30.40—$170.00—————
0237$22.90$25.00—$175.00—————
6345$17.90$20.20—$180.0033.02%$0.30$0.401,67147
09$15.60$18.30—$182.5031.14%$0.35$0.552867
0481$13.20$16.10—$185.0030.84%$0.60$0.801,10813
—————$187.5029.14%$0.70$1.15420
3594$9.20$10.30—$190.0029.41%$1.25$1.651,54112
018$7.70$8.40—$192.5029.22%$1.90$2.30506
3959$5.90$6.70—$195.0029.09%$2.70$3.202766
213$4.60$5.20—$197.5028.55%$3.70$4.20673
263,089$3.40$3.9028.18%$200.00—$4.70$5.5041448
0198$2.20$2.9527.48%$202.50—$6.20$7.00864
36154$1.70$2.2528.67%$205.00—$8.00$8.70190
141$1.15$1.4527.96%$207.50—$9.40$10.90350
1247,734$0.80$0.9527.98%$210.00—$10.60$13.601520
—————$212.50—$13.40$15.605056
—————$215.00—$15.20$18.3010
381,650$0.15$0.2530.11%$220.00—$20.00$22.80740
—————$225.00—$25.00$28.0080

Forward $198.45. The 25-delta put carries +1.45 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 26.30%±12.53skew +1.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$185.0028.07%$0.75$1.201220
011$10.10$11.00—$190.0027.64%$1.75$2.15310
016$6.60$7.50—$195.0027.02%$3.30$3.70242
1253$3.90$4.7026.24%$200.00—$5.30$6.20284
134$2.25$2.8526.69%$205.00—$8.40$9.3030
228$1.10$1.5026.17%$210.00—$11.00$14.00310
—————$215.00—$15.40$18.00260

Forward $198.55. The 25-delta put carries +1.46 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 26.42%±14.52skew +1.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$19.10$21.60—$180.00—————
—————$185.0028.36%$1.20$1.85100
01$10.90$11.90—$190.0028.02%$2.40$3.00181
01$7.50$8.60—$195.0026.56%$3.90$4.50202
14979$4.70$5.4026.40%$200.00—$6.20$7.0064
14563$2.80$3.5026.31%$205.00—$9.00$10.00260
2115$1.55$2.4027.02%$210.00—$12.80$14.0010
1424$0.80$1.2526.27%$215.00—$16.80$18.6044
—————$240.00—$40.00$43.8010

Forward $198.45. The 25-delta put carries +1.00 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 26.83%±16.53skew +0.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$52.40$55.60—$145.00—————
23$28.10$31.20—$170.00—————
—————$185.0028.17%$1.50$2.25110
—————$190.0027.18%$2.55$3.40105
02$8.10$9.40—$195.0027.05%$4.10$5.40110
—————$200.00—$6.40$7.7025
76$3.40$4.7026.59%$205.00—$9.40$10.60190
511$2.05$3.1026.50%$210.00—$13.10$14.2031
932$1.20$2.0026.67%$215.00—————

Forward $199.02. The 25-delta put carries +0.68 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 27.23%±18.37skew +1.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$67.60$70.70—$130.00—————
027$62.50$65.70—$135.00—————
010$57.80$60.70—$140.00—————
026$53.00$55.80—$145.00—————
328$47.70$50.80—$150.00—————
019$43.20$45.90—$155.00—————
0152$38.20$41.00—$160.00—————
066$33.40$36.20—$165.00—————
082$29.10$31.50—$170.00—————
0295$24.30$27.00—$175.0030.26%$0.85$1.102,14018
0353$20.00$22.60—$180.0029.28%$1.45$1.651,08061
0398$15.70$17.20—$185.0028.33%$2.30$2.5091555
0427$12.10$14.40—$190.0027.99%$3.60$3.902,05039
32,092$8.60$9.80—$195.0027.36%$5.10$5.90393314
173,001$6.40$7.1027.22%$200.00—$7.40$8.4035539
1011,886$2.85$3.3026.62%$210.00—$12.40$14.701711
571,984$1.20$1.3526.85%$220.00—$20.60$23.1011
651,038$0.40$0.6027.43%$230.00—$30.10$32.6010

Forward $198.84. The 25-delta put carries +1.70 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 27.22%±23.64skew +2.83
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0101$82.50$84.90—$115.00—————
05$77.80$80.70—$120.00—————
0200$72.70$75.70—$125.00—————
0153$68.10$70.70—$130.00—————
0286$62.90$65.90—$135.00—————
0180$58.00$60.90—$140.00—————
0247$52.80$55.90—$145.00—————
02,022$48.20$51.00—$150.00—————
0119$43.30$46.20—$155.00—————
0375$38.80$41.40—$160.00—————
0517$34.10$36.70—$165.00—————
71,103$29.50$32.10—$170.0030.64%$1.35$1.701,17443
0630$25.10$27.90—$175.0029.18%$1.60$2.501,0257
11,042$20.70$22.60—$180.0029.28%$2.95$3.301,29344
4470$16.90$19.80—$185.0028.88%$4.20$4.6084193
91,061$13.50$15.60—$190.0027.94%$5.70$6.001,25848
0809$10.60$11.90—$195.0028.01%$7.60$8.4049429
192,064$8.10$9.0027.18%$200.00—$9.90$10.6041765
752,041$4.30$4.8026.07%$210.00—$14.90$17.302936
1252,060$2.15$2.5026.05%$220.00—$22.30$25.20693
81,221$1.05$1.5027.13%$230.00—$31.20$33.70110

Forward $198.29. The 25-delta put carries +2.83 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 28.66%±34.46skew +3.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$68.00$71.10—$130.00—————
010$63.20$66.30—$135.00—————
08$58.40$61.50—$140.00—————
04$53.70$56.80—$145.00—————
012$49.20$52.20—$150.00—————
047$44.70$47.70—$155.0033.37%$1.35$2.209180
031$40.40$43.30—$160.00—————
031$36.00$39.00—$165.0031.51%$2.35$3.401,0570
042$32.00$34.90—$170.0032.00%$3.90$4.207570
042$28.20$31.00—$175.0031.65%$5.00$5.4082029
6160$24.80$26.70—$180.0030.99%$6.30$6.601,140139
0167$21.50$23.90—$185.0030.41%$7.80$8.1057311
1106$18.10$19.50—$190.0029.39%$9.20$9.801,19492
102,291$15.50$17.10—$195.0028.18%$10.50$11.901,07140
303,196$12.80$13.6028.75%$200.00—$13.30$14.7058021
8742$8.60$9.1027.88%$210.00—$18.10$20.701450
15780$5.50$6.1027.56%$220.00—$24.90$27.50250
3947$3.50$3.9027.42%$230.00—————
0207$1.65$2.5526.61%$240.00—$41.70$44.20240
0170$1.35$1.6527.84%$250.00—————
134$0.75$1.2028.30%$260.00—————

Forward $199.19. The 25-delta put carries +3.57 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.