Options Skew Analytics

PWR option chain

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

Data as of 23 September 2026 (end of day)

2026-11-20(58 days)ATM 47.53%±121.29skew +1.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
226$108.10$113.50—$540.00—————
02$99.60$107.00—$550.0046.00%$10.20$14.50230
06$92.20$98.40—$560.0046.90%$13.70$17.20625
06$86.00$90.40—$570.0047.08%$15.60$21.20250
04$79.40$84.70—$580.0046.96%$20.40$22.50883
07$71.60$78.00—$590.0046.77%$23.40$26.101402
035$65.00$70.90—$600.0046.66%$26.70$30.20953
011$59.40$66.20—$610.0046.46%$30.50$34.301671
0136$53.90$59.60—$620.0046.53%$35.10$38.80330
040$49.20$55.00—$630.0046.25%$39.40$43.60970
116$44.00$49.20—$640.0046.09%$44.20$48.80192
135$41.20$46.2047.62%$650.00—$49.50$54.10120
317$36.60$40.4046.54%$660.00—$56.00$59.50180
042$32.50$37.0046.60%$670.00—$60.90$68.00330
124$28.40$33.5046.30%$680.00—$67.20$74.0040
036$24.70$30.2045.99%$690.00—$73.80$81.00920
079$20.60$27.0045.22%$700.00—$80.50$88.00120
050$18.80$24.2045.59%$710.00—$87.90$95.0010
023$15.60$22.8045.72%$720.00—$95.20$102.90540
0—$13.60$19.6045.21%$730.00—$103.10$110.00—0
033$11.80$17.4045.14%$740.00—$111.10$117.4010

Forward $640.10. The 25-delta put carries +1.87 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 43.85%±136.97skew +2.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$171.30$180.00—$470.00—————
0110$162.40$171.00—$480.00—————
06$153.60$162.00—$490.00—————
071$147.50$153.30—$500.00—————
0101$129.20$136.00—$520.0046.10%$9.30$14.00421
011$114.50$119.70—$540.0045.29%$14.60$16.302104
048$100.50$105.80—$560.0045.01%$19.70$21.50803
085$85.40$91.30—$580.0044.92%$25.80$28.20460
053$72.50$80.90—$600.0045.36%$31.90$38.401010
084$63.60$69.20—$620.0045.35%$40.40$47.60640
048$54.40$58.60—$640.0044.60%$51.30$54.901030
125$44.70$49.0043.82%$660.00—$61.70$66.10152
131$37.10$41.0043.65%$680.00—$74.10$77.80152
1267$31.00$36.0044.52%$700.00—$86.70$94.00610
2250$25.00$28.4043.52%$720.00—$101.90$108.203800
017$19.00$24.9043.55%$740.00—$117.00$123.0020
1322$16.70$22.4043.25%$750.00—$124.70$131.00270
0369$14.70$19.7042.80%$760.00—$132.20$137.801,5050
093$13.00$18.8043.27%$770.00—$139.50$148.005300
—————$780.00—$148.50$156.7090
051$9.50$15.8043.02%$790.00—————

Forward $643.43. The 25-delta put carries +2.21 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 42.15%±151.88skew +0.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$167.10$174.90—$480.0045.28%$6.50$10.10210
014$158.00$167.00—$490.00—————
034$151.20$157.50—$500.0042.89%$7.70$12.101390
083$136.50$140.50—$520.0043.53%$13.20$15.404112
234$120.10$125.70—$540.0043.55%$16.50$21.90450
027$105.00$111.40—$560.0043.13%$21.60$27.603510
042$92.00$99.40—$580.0042.78%$29.30$32.801880
0558$80.00$86.90—$600.0043.16%$38.00$40.902220
128$69.00$75.30—$620.0043.12%$46.90$49.90660
232$62.00$64.50—$640.0043.15%$56.90$60.102700
0119$50.00$56.3042.14%$660.00—$66.90$73.401490
033$43.20$48.2042.31%$680.00—$78.80$85.90240
0199$36.30$41.8042.40%$700.00—$91.80$99.001800
066$32.10$34.8042.64%$720.00—$104.80$112.90130
0222$24.90$30.2042.05%$740.00—$121.00$127.00280
046$24.90$26.8042.53%$750.00—$127.40$134.9050
097$20.40$26.3042.23%$760.00—$135.50$143.001350
0143$19.60$23.4042.34%$770.00—$143.50$151.00200
118$18.70$20.9042.45%$780.00—$153.10$159.0060
015$16.80$19.1042.31%$790.00—$160.90$167.0020
0209$13.30$19.8042.46%$800.00—$168.30$176.0040

Forward $644.81. The 25-delta put carries +0.67 volatility points over the 25-delta call.

2027-02-19(149 days)ATM 44.22%±182.96skew +1.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$520.0044.91%$18.70$22.901718
—————$540.0044.55%$23.70$28.4031
02$115.30$123.00—$560.00—————
02$103.00$110.40—$580.0044.68%$37.10$43.4030
—————$590.0044.80%$41.60$47.4060
01$91.30$98.50—$600.0044.52%$45.00$51.8030
05$87.20$93.20—$610.0044.49%$49.70$56.101020
06$82.90$88.10—$620.0044.39%$54.10$60.9030
01$76.70$83.80—$630.0044.60%$58.90$66.7060
02$72.20$79.30—$640.0044.44%$64.20$71.30110
017$67.50$74.3044.49%$650.00—$69.60$76.9080
05$63.60$69.4044.37%$660.00—$74.90$82.3020
03$59.60$64.9044.22%$670.00—$81.00$88.0020
04$55.60$61.3044.22%$680.00—$86.90$93.7010
05$53.10$57.0044.35%$690.00—————
231$48.90$53.3044.02%$700.00—$100.60$106.9020
01$45.70$49.4043.82%$710.00—————
054$41.80$48.9044.36%$720.00—$113.00$120.3010
014$38.70$43.5043.49%$730.00—————
023$33.50$39.6043.97%$750.00—$135.10$142.0010
02$30.40$35.7043.24%$760.00—————

Forward $647.61. The 25-delta put carries +1.31 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 44.48%±200.67skew +0.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$170.50$179.00—$490.0044.58%$13.00$21.20120
015$162.70$171.60—$500.0044.08%$15.00$22.80300
04$148.80$157.00—$520.0044.61%$21.30$28.20140
02$135.10$141.80—$540.0044.12%$27.00$33.40250
010$122.00$129.90—$560.0044.43%$35.80$39.30930
010$110.00$117.10—$580.0044.56%$43.30$47.8081
072$99.10$106.90—$600.0044.53%$51.80$56.50290
022$89.30$94.20—$620.0043.94%$60.00$65.30220
027$79.10$84.00—$640.0044.50%$71.00$76.80152
013$70.10$75.8044.45%$660.00—$82.00$86.70171
122$62.50$68.0044.48%$680.00—$94.00$99.8041
134$55.00$60.1044.11%$700.00—$105.70$111.70622
137$49.30$53.7044.31%$720.00—$118.80$124.80140
1014$43.20$47.0043.93%$740.00—$132.70$140.0060
1110$39.40$45.4043.90%$750.00—$139.90$147.0050
1113$36.80$42.9043.88%$760.00—$147.10$153.0070
34$35.20$40.2044.02%$770.00—$154.20$162.0090
011$32.80$38.9044.28%$780.00—$162.40$168.80340
06$29.80$36.2043.82%$790.00—$169.80$177.00110
034$26.90$34.2043.53%$800.00—$177.80$185.0040
08$25.00$32.2043.49%$810.00—$185.70$193.9060

Forward $647.81. The 25-delta put carries +0.94 volatility points over the 25-delta call.

2027-05-21(240 days)ATM 45.07%±238.10skew -0.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$212.10$218.00—$450.0043.21%$11.00$16.30—0
0—$204.40$210.90—$460.0043.09%$13.00$17.90—0
—————$470.0043.15%$15.00$20.20160
—————$480.0043.47%$17.00$23.50560
—————$510.0043.49%$26.00$30.5010
—————$520.0043.81%$30.00$33.5002
20$136.00$142.10—$560.00—————
—————$580.0044.14%$51.40$57.9020
01$109.00$116.40—$610.00—————
—————$640.0043.81%$80.40$85.6010
02$90.00$96.20—$650.00—————
01$78.00$84.1045.28%$680.00—————
—————$700.00—$115.10$122.1030
20$63.00$68.6044.52%$720.00—————
01$56.00$62.1044.17%$740.00—$141.40$148.7010
02$54.50$59.3044.50%$750.00—————
2—$51.00$56.4044.25%$760.00—$155.70$161.00—0
0—$45.20$50.6043.86%$780.00—$171.90$177.20—0
0—$40.00$46.7043.88%$800.00—$185.80$193.00—0
0—$36.00$41.9043.76%$820.00—$203.00$208.70—0
0—$32.00$39.0043.95%$840.00—$218.60$223.70—0

Forward $651.52. The 25-delta put carries -0.14 volatility points over the 25-delta call.

2027-06-17(267 days)ATM 44.23%±248.11skew +1.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$500.0044.01%$25.00$32.0040
01$166.10$174.00—$520.0044.26%$31.80$38.20130
—————$540.0044.43%$38.70$45.60430
01$141.30$148.70—$560.0044.51%$46.60$53.20150
02$130.00$137.00—$580.0044.95%$56.60$61.504310
28$119.50$125.70—$600.0044.85%$65.00$70.80170
0161$109.50$115.50—$620.0044.95%$75.00$80.6060
011$100.10$106.20—$640.0044.73%$84.20$91.20210
016$91.30$97.3044.53%$660.00—$95.10$101.40100
017$83.10$89.9044.53%$680.00—$106.00$113.4040
037$75.90$81.3044.22%$700.00—$120.30$124.3020
15$69.90$74.0044.24%$720.00—$132.40$138.10100
04$62.00$67.8043.83%$740.00—$145.80$150.6070
03$58.80$65.5043.90%$750.00—$152.10$159.0080
01$56.10$62.4043.85%$760.00—$158.40$166.0070
012$53.00$59.5043.69%$770.00—$166.70$172.7030
016$50.00$57.0043.59%$780.00—$174.00$178.8010
05$47.40$55.0043.66%$790.00—$180.30$186.4030
013$45.00$52.0043.48%$800.00—$189.30$195.40130
012$42.90$49.8043.52%$810.00—————
013$40.20$47.2043.27%$820.00—$204.80$211.4010

Forward $655.92. The 25-delta put carries +1.16 volatility points over the 25-delta call.

2027-09-17(359 days)ATM 44.73%±294.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$480.0045.62%$30.00$36.9030
—————$490.0045.50%$33.00$39.6052
—————$500.0045.09%$36.10$41.50540
—————$520.0045.68%$42.50$51.0060
019$171.00$178.90—$540.0045.44%$49.60$58.00120
05$159.00$167.00—$560.0045.53%$58.20$66.0010
01$148.00$156.40—$580.00—————
—————$600.0045.33%$75.30$84.0020
—————$620.0045.50%$85.80$94.0020
01$119.00$127.30—$640.0045.46%$96.40$104.0010
01$111.00$119.00—$660.0045.49%$107.40$115.0010
01$102.00$111.0045.17%$680.00—$117.80$126.0010
01$95.00$102.8045.03%$700.00—————
01$87.00$96.0044.78%$720.00—————
03$81.00$89.0044.72%$740.00—————
02$78.00$86.2044.77%$750.00—————
01$69.00$77.0044.51%$780.00—————
01$63.00$71.6044.29%$800.00—————
010$61.00$69.0044.35%$810.00—————
052$56.00$63.7044.14%$830.00—————
01$53.00$61.2043.90%$840.00—————

Forward $663.97. Not enough surviving quotes on both wings to measure the skew here.

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.