Options Skew Analytics

QXO option chain

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

Data as of 25 September 2026 (end of day)

2026-10-16(21 days)ATM 56.74%±1.69skew -0.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$5.80$6.90—$6.00—————
0250$5.20$5.60—$7.00—————
04$3.10$3.70—$9.00—————
013$2.05$2.65—$10.0067.07%$0.05$0.104,3402
0378$1.45$1.70—$11.0058.06%$0.15$0.2014,349122
8100$1.05$1.30—$11.50—————
45,241$0.80$0.95—$12.0058.51%$0.45$0.553,770123
488923$0.55$0.7056.73%$12.50—$0.65$0.80362794
361,882$0.40$0.5058.58%$13.00—$0.95$1.102,6407
—————$13.50—$1.15$1.60250
1412,300$0.15$0.2558.83%$14.00—$1.65$1.952,9883
—————$15.00—$2.55$2.801,5686
—————$16.00—$3.40$3.805351
—————$17.00—$4.40$5.201292
—————$19.00—$6.40$7.1010
—————$20.00—$7.40$8.1090
—————$21.00—$8.30$9.20220
—————$24.00—$11.10$12.205230
—————$26.00—$13.10$14.2010

Forward $12.40. The 25-delta put carries -0.77 volatility points over the 25-delta call.

2026-11-20(56 days)ATM 62.43%±3.04skew +1.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$5.00$5.70—$7.00—————
0111$4.10$4.80—$8.00—————
04$3.20$3.90—$9.0064.62%$0.10$0.151,5090
0226$2.65$2.85—$10.0064.78%$0.25$0.353,2781
0697$1.70$2.20—$11.0063.75%$0.50$0.652,12426
1,0111,106$1.40$1.50—$12.0064.00%$0.95$1.053,26362
1551,210$0.95$1.0062.29%$13.00—$1.45$1.602,17010
481,752$0.60$0.7062.25%$14.00—$2.10$2.251,1463
175,501$0.35$0.5062.40%$15.00—$2.80$3.205876
532,010$0.20$0.3060.76%$16.00—$3.60$4.207090
—————$17.00—$4.50$5.101,5000
—————$18.00—$5.50$6.10407650
—————$19.00—$6.40$7.10940
—————$20.00—$7.40$8.304,7460
—————$21.00—$8.40$9.10870
—————$22.00—$9.10$10.20150
—————$25.00—$12.20$13.204580
—————$30.00—$17.20$18.101,9020
—————$35.00—$22.20$23.2020

Forward $12.45. The 25-delta put carries +1.35 volatility points over the 25-delta call.

2027-01-15(112 days)ATM 61.42%±4.26skew +0.33
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0466$8.90$9.80—$3.00—————
01,304$7.30$7.70—$5.00—————
10$6.00$6.80—$6.00—————
01$5.10$5.90—$7.00—————
016$4.30$4.90—$8.00—————
—————$9.0064.07%$0.30$0.4050615
104,203$3.00$3.30—$10.0063.00%$0.55$0.6517,0810
0149$2.15$2.65—$11.0062.31%$0.90$1.0099511
591,451$1.85$1.95—$12.0060.81%$1.30$1.452,2826
2,0851,646$1.40$1.5561.45%$13.00—$1.90$2.005,76924
1041,909$1.05$1.2061.22%$14.00—$2.50$2.652830
1,3257,145$0.80$0.9061.03%$15.00—$3.20$3.605,9560
1,342243$0.60$0.7061.43%$16.00—$3.90$4.50570
475,858$0.45$0.5561.98%$17.00—$4.80$5.301,5230
0410$0.35$0.4563.28%$18.00—$5.60$6.20630
13916,985$0.20$0.3064.83%$20.00—$7.60$7.902,4081
—————$22.00—$9.40$10.108180
—————$25.00—$12.30$13.1020
912,812$0.05$0.1079.82%$30.00—————
—————$32.00—$19.10$20.2010
—————$35.00—$22.30$23.2050

Forward $12.52. The 25-delta put carries +0.33 volatility points over the 25-delta call.

2027-02-19(147 days)ATM 61.51%±4.87skew +2.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
018$7.30$7.80—$5.00—————
—————$8.0067.80%$0.25$0.40760
—————$9.0065.46%$0.45$0.60940
025$3.00$3.60—$10.0064.57%$0.70$0.951820
554$2.40$2.90—$11.0062.48%$1.05$1.307450
361$1.90$2.35—$12.0062.05%$1.50$1.801700
0197$1.50$1.9061.69%$13.00—$2.05$2.40820
7263$1.20$1.5061.39%$14.00—$2.65$3.101630
0322$0.95$1.2061.45%$15.00—$3.40$3.801060
0208$0.75$1.0062.27%$16.00—$4.20$4.40283
070$0.55$0.8061.52%$17.00—$4.90$5.50745650
269$0.45$0.6562.24%$18.00—$5.80$6.40600
041$0.35$0.5562.93%$19.00—$6.60$7.3050
2961$0.30$0.4563.83%$20.00—$7.60$8.2080
—————$21.00—$8.50$9.10200
—————$22.00—$9.40$10.10510
2913$0.15$0.2564.50%$23.00—————
—————$25.00—$12.30$13.2020

Forward $12.48. The 25-delta put carries +2.32 volatility points over the 25-delta call.

2027-03-19(175 days)ATM 61.95%±5.43skew +2.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$4.50$5.20—$8.0069.64%$0.35$0.5030
—————$9.0066.25%$0.55$0.70460
053$3.20$3.80—$10.0064.77%$0.85$1.002,2741
079$2.60$3.10—$11.0064.29%$1.25$1.401,1350
7137$2.35$2.50—$12.0063.78%$1.75$1.85444
104127$1.90$2.0561.90%$13.00—$2.20$2.401,1150
71,040$1.55$1.7061.95%$14.00—$2.90$3.106290
5651,156$1.25$1.4061.73%$15.00—$3.60$3.802540
0160$1.00$1.1561.47%$16.00—$4.30$4.80400
0310$0.80$0.9561.42%$17.00—$5.10$5.60340
924,663$0.65$0.8061.85%$18.00—$5.90$6.501200
0120$0.55$0.6562.18%$19.00—$6.80$7.40110
0211$0.45$0.5562.58%$20.00—$7.60$8.30350
092,218$0.30$0.4564.54%$22.00—$9.60$10.2010
0185$0.25$0.4065.31%$23.00—————

Forward $12.67. The 25-delta put carries +2.59 volatility points over the 25-delta call.

2027-06-17(265 days)ATM 62.75%±6.80skew +1.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$7.20$8.00—$5.00—————
06$5.60$6.30—$7.0070.50%$0.35$0.5510
—————$8.0068.47%$0.60$0.75100
01$4.30$4.90—$9.0067.26%$0.90$1.051210
41858$3.90$4.20—$10.0065.75%$1.20$1.455450
13$3.20$3.70—$11.0065.47%$1.65$1.90200
08$2.70$3.20—$12.0065.54%$2.15$2.45320
4157$2.55$2.7066.05%$13.00—$2.70$3.107530
16$2.00$2.3563.37%$14.00—————
0658$1.70$2.0062.65%$15.00—$4.00$4.402690
05$1.45$1.8063.35%$16.00—$4.70$5.2060
1501,199$1.25$1.5563.20%$17.00—$5.40$6.006390
400$1.15$1.4064.82%$18.00—————
8570$0.80$1.0563.62%$20.00—$7.90$8.50520
1721$0.60$0.8564.41%$22.00—$9.70$10.3070
0283$0.40$0.6064.95%$25.00—$12.50$13.2010

Forward $12.72. The 25-delta put carries +1.35 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.