Options Skew Analytics

PPG 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 26.24%±4.42skew +1.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$40.60$43.40—$65.00—————
02$35.60$38.40—$70.00—————
014$31.20$33.20—$75.00—————
014$26.50$28.20—$80.00—————
11$5.20$6.10—$102.00—————
—————$103.0029.62%$0.40$0.6030
—————$104.0028.20%$0.50$0.8030
05$3.10$3.50—$105.0027.28%$0.75$1.00100
01$2.35$2.75—$106.0026.88%$1.05$1.3530
02$1.75$2.15—$107.0026.38%$1.45$1.75600
01$1.25$1.6526.05%$108.00—$1.85$2.3060
01$0.85$1.2025.49%$109.00—$2.45$2.9020
01$0.60$0.9025.98%$110.00—$3.20$3.60142
04$0.45$0.7027.16%$111.00—$3.80$4.7020
04$0.30$0.4526.71%$112.00—$4.20$6.2070
—————$113.00—$5.10$7.3020
—————$114.00—$5.90$7.9010
—————$115.00—$6.80$9.2060
—————$117.00—$8.40$11.0020
—————$118.00—$9.90$11.7020
—————$119.00—$10.70$12.6020

Forward $107.35. The 25-delta put carries +1.04 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 29.55%±12.64skew +2.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$16.70$19.50—$90.0036.76%$0.60$1.00260
01$12.60$14.70—$95.0034.09%$1.10$1.65900
17$9.50$10.00—$100.0031.57%$2.00$2.65110
09$5.90$6.70—$105.0030.23%$3.50$4.50420
136$3.40$4.2029.27%$110.00—$6.10$6.90150
061$1.85$2.4528.96%$115.00—$9.40$10.20130
063$0.95$1.3528.95%$120.00—$13.10$15.0080

Forward $107.31. The 25-delta put carries +2.62 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 28.68%±14.96skew +2.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$45.50$49.40—$60.00—————
01$35.60$39.70—$70.00—————
01$26.50$29.00—$80.00—————
04$21.70$24.20—$85.00—————
—————$90.0033.89%$0.95$1.35410
01$13.20$15.30—$95.0031.87%$1.55$2.20840
06$9.70$11.20—$100.0030.34%$2.60$3.50680
08$6.60$7.80—$105.0029.10%$4.40$5.20970
012$4.30$5.2028.51%$110.00—$6.60$7.80250
034$2.55$3.3027.87%$115.00—$9.60$11.20280
048$1.45$2.0527.76%$120.00—$13.40$15.3030
—————$125.00—$17.60$20.20110
—————$130.00—$22.20$24.80120
—————$135.00—$26.90$29.60200

Forward $107.42. The 25-delta put carries +2.58 volatility points over the 25-delta call.

2027-02-19(149 days)ATM 29.12%±20.10skew +3.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$80.0037.31%$0.85$1.30500
—————$90.0034.01%$2.05$2.6560
—————$95.0031.90%$3.00$3.5070
—————$100.0030.68%$4.30$5.0050
—————$105.0029.82%$6.10$7.00340
02$6.60$7.4029.11%$110.00—$8.40$9.5060
04$4.60$5.4028.57%$115.00—$11.40$12.601570
095$3.20$3.9028.48%$120.00—————
026$2.20$2.7028.33%$125.00—————
07$1.50$2.0028.76%$130.00—————

Forward $108.02. The 25-delta put carries +3.57 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 28.48%±21.42skew +4.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$28.40$30.20—$80.0036.96%$1.05$1.7520
—————$85.0034.63%$1.50$2.3030
—————$90.0032.81%$2.20$3.10870
—————$95.0031.72%$3.40$4.2040
—————$100.0030.30%$4.70$5.7050
01$9.40$10.90—$105.0029.00%$6.30$7.7060
018$6.90$8.1028.50%$110.00—$9.10$9.80170
014$4.90$6.1028.03%$115.00—$11.50$13.2040
548$3.60$4.5028.08%$120.00—$14.80$16.7020
720$2.50$3.0027.34%$125.00—$18.80$20.9010
06$1.50$2.5027.68%$130.00—————

Forward $108.01. The 25-delta put carries +4.38 volatility points over the 25-delta call.

2027-06-17(267 days)ATM 28.46%±26.46skew +4.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$80.0035.50%$1.80$2.6580
—————$90.0032.82%$3.50$4.5030
—————$95.0031.78%$4.80$5.8010
—————$100.0030.19%$6.10$7.3050
—————$105.0029.09%$7.70$9.4030
02$8.90$10.5028.60%$110.00—$10.20$11.7010
04$6.90$8.4028.24%$115.00—————
06$5.20$6.6027.79%$120.00—————
017$3.80$5.3027.63%$125.00—————
01$2.75$4.1027.33%$130.00—————
01$2.05$3.3027.57%$135.00—————

Forward $108.71. The 25-delta put carries +4.45 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.