Options Skew Analytics

PYPL 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 33.36%±2.10skew +3.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
201$12.05$14.50—$47.00—————
173$11.30$13.45—$48.00—————
13$10.90$13.05—$48.50—————
1201$10.50$11.90—$49.00—————
20$10.05$11.35—$49.50—————
520$9.45$10.75—$50.00—————
3110$8.55$9.95—$51.00—————
529$7.55$8.65—$52.00—————
631$6.20$7.85—$53.00—————
8143$5.75$6.80—$54.0051.77%$0.02$0.031,54333
76390$4.90$5.55—$55.0046.86%$0.02$0.0593617
20190$3.85$4.70—$56.0042.58%$0.04$0.0790166
28422$2.78$3.70—$57.0039.81%$0.09$0.12247111
113272$2.33$2.70—$58.0037.41%$0.19$0.22258397
881,391$1.47$1.82—$59.0035.57%$0.37$0.431,0141,667
6804,130$0.95$1.00—$60.0033.85%$0.69$0.78255385
6347,728$0.46$0.5332.38%$61.00—$1.14$1.3882
6981,465$0.21$0.2432.22%$62.00—$1.74$2.3906
7216,014$0.08$0.1032.31%$63.00—$2.44$3.85712
1581,408$0.03$0.0533.95%$64.00—$3.40$4.65610
323823$0.02$0.0337.59%$65.00—$4.10$5.6040

Forward $60.24. The 25-delta put carries +3.35 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 30.14%±3.16skew +4.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
3057$8.05$9.85—$51.00—————
041$7.65$8.95—$52.0044.70%$0.03$0.06408228
193,006$7.30$8.20—$52.50—————
0649$6.60$8.00—$53.0043.69%$0.06$0.0910421
0377$5.50$7.00—$54.00—————
2439,243$5.00$5.75—$55.0039.63%$0.13$0.192,38614
17652$3.90$4.90—$56.0036.91%$0.18$0.26550106
6484$3.05$3.90—$57.0034.70%$0.27$0.3777621
815,147$2.95$3.45—$57.5034.07%$0.35$0.452,29610
32923$2.64$2.99—$58.0033.21%$0.43$0.5514856
19524$1.95$2.24—$59.0032.23%$0.69$0.8213663
32410,818$1.39$1.59—$60.0031.08%$1.03$1.201,00299
1361,835$0.89$0.9929.23%$61.00—$1.32$1.72037
1241,654$0.52$0.6428.92%$62.00—$1.95$2.8715
2012,619$0.40$0.4728.52%$62.50—$2.49$2.882077
33829$0.28$0.4028.87%$63.00—————
65535$0.14$0.2128.26%$64.00—$3.30$5.10200
2804,226$0.10$0.1229.68%$65.00—$4.00$6.202360
1032$0.02$0.0531.07%$67.00—————
742,149$0.02$0.0532.90%$67.50—————
113$0.01$0.0432.94%$68.00—————

Forward $60.38. The 25-delta put carries +4.70 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 29.04%±3.89skew +3.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$13.85$16.40—$45.00—————
23$12.45$13.85—$47.00—————
07$10.80$13.40—$48.00—————
24$11.05$11.70—$49.00—————
822$9.50$10.85—$50.0044.08%$0.03$0.081310
13$8.30$10.00—$51.00—————
329$7.20$9.20—$52.00—————
031$6.20$8.30—$53.00—————
1110$5.70$7.10—$54.00—————
2270$5.20$5.80—$55.0033.79%$0.18$0.2681946
2242$4.00$5.10—$56.0032.85%$0.27$0.399345
2418$3.60$4.05—$57.0031.23%$0.42$0.502915
5121$2.95$3.25—$58.0030.53%$0.64$0.72820
1149$2.22$2.53—$59.0029.90%$0.93$1.032212
22471$1.69$1.85—$60.0029.45%$1.32$1.44122
56211$1.19$1.3328.79%$61.00—$1.82$1.9411050
24262$0.80$1.0029.10%$62.00—$2.23$3.05151
41104$0.51$0.5627.30%$63.00—————
4120$0.31$0.4528.44%$64.00—————
55235$0.16$0.2326.85%$65.00—$4.10$5.95140
—————$80.00—$18.85$21.50—0

Forward $60.39. The 25-delta put carries +3.24 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 28.21%±4.46skew +3.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
20$11.60$15.20—$47.00—————
02$11.55$13.10—$48.00—————
02$9.65$12.15—$49.00—————
23$9.45$11.25—$50.00—————
01$8.35$10.20—$51.00—————
095$7.35$9.10—$52.00—————
071$6.70$8.30—$53.00—————
16$5.90$7.15—$54.00—————
015$5.00$6.30—$55.0033.85%$0.31$0.442810
071$4.15$5.45—$56.0032.16%$0.45$0.52104
080$3.40$4.55—$57.0031.24%$0.59$0.74593
022$2.60$3.75—$58.0030.51%$0.88$0.943555
139$2.46$3.05—$59.0029.48%$1.12$1.291342
29242$1.91$2.11—$60.0028.46%$1.44$1.71511
073$1.43$1.5828.03%$61.00—$1.82$2.2602
71129$1.03$1.0927.13%$62.00—————
10182$0.71$0.9028.05%$63.00—————
3778$0.47$0.6127.50%$64.00—————
1887$0.27$0.3826.42%$65.00—————
—————$67.00—$6.05$7.7004
2200$0.02$0.0728.55%$70.00—————

Forward $60.44. The 25-delta put carries +3.74 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 29.47%±5.82skew +3.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0968$28.30$32.25—$30.00—————
0255$26.10$29.60—$32.50—————
1275$23.75$25.85—$35.00—————
0120$21.10$24.00—$37.50—————
01,005$18.60$22.20—$40.00—————
11,189$16.20$18.60—$42.5044.77%$0.01$0.031,3994
1780$14.20$15.95—$45.0040.24%$0.01$0.053,95522
171,578$12.25$13.70—$47.5040.34%$0.08$0.112,4100
272,456$9.85$11.05—$50.0037.09%$0.16$0.1810,98739
164,215$8.10$8.60—$52.5034.79%$0.28$0.394,77549
407,775$5.95$6.15—$55.0032.71%$0.60$0.697,82587
513,475$4.00$4.15—$57.5031.45%$1.20$1.274,342124
31012,406$2.48$2.57—$60.0029.76%$2.06$2.216,098262
3694,686$1.34$1.4628.83%$62.50—$3.40$3.602,2843
66420,924$0.65$0.6927.80%$65.00—$4.95$5.904,50465
2507,355$0.27$0.3027.20%$67.50—$6.85$8.80250
1196,500$0.11$0.1327.40%$70.00—$9.35$10.702,3140
4121,409$0.05$0.0728.68%$72.50—$10.55$14.25130
423,895$0.01$0.0429.11%$75.00—$13.55$16.75234
251,581$0.01$0.0634.33%$77.50—$16.05$19.2540
—————$80.00—$18.45$21.758630

Forward $60.39. The 25-delta put carries +3.65 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 28.41%±7.39skew +3.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
22,314$26.45$28.50—$32.50—————
21,044$23.40$27.00—$35.0052.70%$0.01$0.045,0296
0170$21.25$25.00—$37.50—————
32,275$19.40$21.60—$40.00—————
05,538$17.20$18.80—$42.50—————
25,604$14.85$16.65—$45.00—————
293,796$12.90$13.35—$47.5036.14%$0.15$0.253,05370
9513,348$10.80$10.95—$50.0035.24%$0.30$0.4813,64745
302,478$8.05$9.20—$52.5032.29%$0.47$0.712,74544
5911,589$6.30$6.90—$55.0031.26%$0.93$1.1411,556268
376,089$4.60$4.95—$57.5030.13%$1.60$1.802,47937
24126,514$3.20$3.40—$60.0028.87%$2.51$2.757,16235
885,316$2.04$2.1727.99%$62.50—$3.80$4.101,83249
1279,020$1.22$1.3427.62%$65.00—$5.25$6.356,6961
252,489$0.66$0.8227.44%$67.50—$7.20$8.901,7073
7720,609$0.33$0.4527.01%$70.00—$8.70$11.351570
793,930$0.17$0.2827.60%$72.50—$11.25$14.301760
—————$75.00—$13.10$16.852610
151,529$0.03$0.0927.85%$77.50—$15.75$19.2520
18419,069$0.01$0.0628.58%$80.00—$18.55$21.7520
32,947$0.01$0.0432.46%$85.00—————

Forward $60.68. The 25-delta put carries +3.63 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 31.43%±11.43skew +4.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0171$33.35$37.50—$25.00—————
029$30.85$35.05—$27.50—————
0187$28.45$32.15—$30.00—————
0212$26.00$29.75—$32.50—————
0267$23.55$27.30—$35.00—————
0127$21.50$24.90—$37.50—————
3751$19.95$21.60—$40.00—————
0467$17.35$19.25—$42.50—————
2748$15.90$16.90—$45.00—————
21,025$12.60$14.80—$47.50—————
62,299$11.00$12.20—$50.0034.96%$0.94$1.131,702109
311,201$8.85$10.30—$52.5034.46%$1.28$1.8495338
301,655$7.45$8.30—$55.0033.51%$2.06$2.341,5123
48799$6.30$6.80—$57.50—————
692,146$4.80$5.10—$60.0031.47%$3.70$4.3041242
122435$3.65$4.0031.41%$62.50—$5.15$5.803290
594,228$2.70$2.9030.59%$65.00—$6.45$8.00471
14484$1.93$2.1930.45%$67.50—$7.25$9.70200
1093,664$1.23$1.5229.32%$70.00—$9.60$11.85680
42,624$0.55$0.8529.65%$75.00—$13.15$16.75460
—————$80.00—$17.80$21.8522

Forward $60.96. The 25-delta put carries +4.20 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.