Options Skew Analytics

PNC option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 28.47%±6.92skew +2.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
20$101.50$104.20—$130.00—————
200$96.50$99.30—$135.00—————
180$91.50$94.20—$140.00—————
05$31.80$34.30—$200.00—————
02$26.60$29.30—$205.00—————
01$21.60$24.20—$210.00—————
09$16.80$19.30—$215.00—————
01$14.30$16.70—$217.50—————
012$11.90$14.60—$220.0039.04%$0.30$0.5018817
03$9.60$12.10—$222.50—————
027$7.30$10.00—$225.0033.46%$0.65$0.95600
010$5.60$6.10—$227.5031.12%$1.05$1.3512
493$3.80$4.30—$230.0029.27%$1.60$2.10111
334$2.40$2.8528.46%$232.50—$2.60$3.2010
205$1.40$1.8028.39%$235.00—$3.90$4.60400
1864$0.75$1.1028.65%$237.50—$5.50$6.6060

Forward $232.22. The 25-delta put carries +2.47 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 24.21%±12.52skew +1.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$31.80$34.90—$200.00—————
0—$29.90$32.40—$202.50—————
09$27.20$29.90—$205.00—————
0—$25.10$27.70—$207.50—————
0—$19.90$22.90—$212.50—————
08$17.70$20.20—$215.00—————
0—$15.60$18.30—$217.50—————
02$13.10$15.80—$220.00—————
0—$11.00$13.80—$222.5026.67%$1.40$2.00—0
08$9.70$10.40—$225.0025.51%$1.75$2.5532
0—$7.60$8.70—$227.5025.32%$2.50$3.30—0
4113$6.30$7.10—$230.0024.76%$3.30$4.2052
0—$4.70$5.70—$232.5024.29%$4.30$5.30—0
732$3.50$4.5024.07%$235.00—$5.60$6.601780
0—$2.55$3.5023.99%$237.50—$7.20$8.50—0
176$1.75$2.6523.72%$240.00—————
0—$1.20$2.0023.77%$242.50—$9.80$11.90—0
—————$247.50—$13.80$16.50—0

Forward $232.90. The 25-delta put carries +1.74 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 23.86%±18.22skew +4.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$67.00$70.10—$165.00—————
03$62.10$65.20—$170.00—————
03$52.50$55.20—$180.00—————
04$47.50$50.20—$185.00—————
069$42.60$45.50—$190.00—————
05$37.60$40.60—$195.00—————
013$33.00$35.90—$200.00—————
019$23.70$26.60—$210.0029.98%$1.15$1.902,0362
059$15.70$17.00—$220.0026.99%$2.50$3.404916
4357$8.70$9.90—$230.0024.56%$5.30$6.205572
15211$3.90$4.8023.09%$240.00—$10.60$11.90805
55626$1.45$1.7522.02%$250.00—————
2552$0.45$0.6021.98%$260.00—————

Forward $233.57. The 25-delta put carries +4.97 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 24.86%±24.95skew +3.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$131.80$135.00—$100.00—————
02$116.90$120.20—$115.00—————
074$92.60$95.10—$140.00—————
050$82.50$85.60—$150.00—————
021$77.60$80.70—$155.00—————
0176$72.70$75.80—$160.00—————
034$68.00$70.80—$165.00—————
0139$63.10$65.80—$170.00—————
01,730$58.30$61.00—$175.00—————
067$53.50$56.10—$180.00—————
039$48.70$51.30—$185.00—————
055$44.00$46.80—$190.00—————
039$39.50$41.90—$195.00—————
0328$34.70$37.20—$200.0031.80%$1.50$2.052202
0124$25.90$28.40—$210.0029.42%$2.50$3.402201
0248$17.70$19.20—$220.0026.67%$4.40$5.002601
5395$11.50$13.20—$230.0025.62%$7.60$8.602572
3586$6.60$7.8024.32%$240.00—$11.70$14.401470
11610$3.40$4.2023.54%$250.00—$18.40$20.801500
19740$1.65$2.2023.51%$260.00—————
0489$0.80$0.9523.33%$270.00—————

Forward $234.28. The 25-delta put carries +3.13 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 24.98%±30.81skew +4.71
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$68.10$70.90—$165.00—————
01$63.20$66.10—$170.00—————
07$53.70$56.50—$180.00—————
—————$190.0031.82%$1.50$2.25141
—————$195.0031.46%$1.90$3.10190
—————$200.0030.29%$2.40$3.70220
—————$210.0027.92%$4.20$4.80421
0193$19.70$21.60—$220.0026.49%$6.60$7.40850
0288$13.10$15.00—$230.0025.55%$9.80$11.70230
0422$8.40$9.7024.46%$240.00—$14.10$16.60340
14171$5.00$5.6023.33%$250.00—$20.80$23.401170
386$2.70$3.5023.22%$260.00—$28.00$30.80380
0157$1.45$2.0523.24%$270.00—————
0111$0.70$1.1523.14%$280.00—————
—————$330.00—$96.00$98.8010

Forward $233.34. The 25-delta put carries +4.71 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 24.95%±34.80skew +3.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$78.10$80.90—$155.00—————
03$73.10$76.10—$160.00—————
05$68.40$71.10—$165.00—————
03$58.90$61.80—$175.00—————
01$54.20$57.00—$180.0032.46%$1.35$1.85401
061$49.60$52.30—$185.0031.87%$1.60$2.50402
—————$190.0031.75%$2.05$3.40150
0122$40.60$43.40—$195.0030.40%$2.65$3.70420
02$36.30$38.90—$200.0029.77%$3.10$4.80730
04$28.00$30.60—$210.0026.59%$4.80$5.503451
056$21.30$22.30—$220.0025.31%$7.30$8.204741
0236$14.60$16.70—$230.0025.25%$11.00$12.902791
29205$10.20$11.5024.69%$240.00—$15.50$17.902970
0216$6.60$7.4023.86%$250.00—$21.60$24.50270
0117$3.80$4.9023.40%$260.00—————
0304$2.20$2.9022.95%$270.00—————
2100$1.25$1.7522.91%$280.00—————

Forward $233.76. The 25-delta put carries +3.19 volatility points over the 25-delta call.

2027-05-21(193 days)ATM 25.39%±43.24skew +4.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$64.70$67.60—$170.0034.68%$1.80$2.9560
—————$175.0033.35%$2.15$3.2020
—————$180.0032.31%$2.40$3.8050
—————$185.0031.61%$2.90$4.5080
—————$210.0028.29%$7.10$9.7010
01$23.80$26.50—$220.0026.99%$10.00$12.60180
025$17.70$20.40—$230.00—————
01$13.30$15.2025.24%$240.00—————
02$9.20$11.0024.38%$250.00—————
013$4.00$5.6023.60%$270.00—————
02$2.60$4.0023.61%$280.00—————

Forward $234.16. The 25-delta put carries +4.69 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 25.29%±46.09skew +3.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$78.70$81.90—$155.0036.18%$1.30$1.90150
—————$160.0035.67%$1.50$2.45110
01$69.50$72.70—$165.0035.01%$1.80$2.95280
—————$170.0033.95%$2.15$3.30280
01$60.30$63.70—$175.0032.92%$2.45$3.80310
—————$180.0031.95%$2.80$4.4090
—————$185.0031.29%$3.40$5.1070
01$47.80$50.60—$190.0030.76%$4.10$6.00100
04$43.70$46.50—$195.0030.09%$4.90$6.90350
04$39.70$42.40—$200.0029.50%$5.80$8.00650
08$32.10$34.60—$210.0027.22%$8.20$9.10543
02$25.20$27.80—$220.0027.31%$11.00$13.80570
01$19.00$22.00—$230.0025.86%$14.70$17.102420
0201$14.70$16.5025.24%$240.00—$19.50$22.102400
5246$10.40$12.1024.25%$250.00—$25.10$27.90880
0129$7.20$8.8023.69%$260.00—$31.60$34.4080
0104$4.90$6.5023.53%$270.00—$39.10$42.0030
0544$3.30$4.7023.43%$280.00—$48.20$50.7090
036$2.15$3.1023.00%$290.00—————
030$1.40$2.3023.20%$300.00—————

Forward $234.72. The 25-delta put carries +3.69 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.