Options Skew Analytics

RCL 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 46.32%±16.66skew -0.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
24$28.40$31.40—$200.00—————
20$23.70$26.70—$205.00—————
01$18.20$22.10—$210.00—————
118$14.90$17.90—$215.0044.72%$1.30$1.801643
100$12.90$15.90—$217.5047.37%$1.85$2.901710
450$11.40$12.80—$220.0046.14%$2.55$3.304789
70$9.50$11.60—$222.5047.32%$3.30$4.501125
1167$8.30$9.60—$225.0046.43%$4.00$5.503762
130$6.90$8.30—$227.5044.57%$4.80$6.40268
270224$5.50$7.0046.58%$230.00—$6.60$7.706233
203$4.70$6.2048.60%$232.50—$8.00$9.103339
176115$3.70$4.5045.70%$235.00—$9.30$10.808026
612$3.00$4.0047.27%$237.50—$10.50$12.60200
533477$2.35$3.2046.99%$240.00—$12.90$15.207015
141$1.80$2.7047.46%$242.50—$13.90$16.40177
5428$1.35$2.2047.52%$245.00—$15.90$18.807918
—————$247.50—$17.70$20.80208
—————$250.00—$20.10$23.001046
—————$252.50—$22.70$25.3060
—————$255.00—$24.50$27.60261
—————$257.50—$26.90$29.9030

Forward $229.10. The 25-delta put carries -0.09 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 45.51%±21.79skew -0.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$210.0043.40%$1.60$2.10827
10$16.00$19.40—$215.0043.50%$2.55$3.401823
42$12.90$15.00—$220.0044.07%$4.10$5.10920
372$9.90$12.00—$225.0045.70%$5.90$7.902214
101$8.80$10.50—$227.5045.01%$7.00$8.90014
1512$7.50$8.7045.56%$230.00—$8.30$10.404223
191$6.20$8.1046.29%$232.50—————
210$5.50$6.8046.19%$235.00—$11.10$12.90467
01$4.50$5.3044.11%$237.50—$12.50$14.2042
2816$3.80$4.9045.34%$240.00—$13.50$16.1037827
11$3.10$4.5046.13%$242.50—$16.10$18.0010
3059$2.40$3.3043.81%$245.00—$16.90$19.80262
868$2.20$3.6047.66%$247.50—$19.00$21.80101
—————$250.00—$20.90$24.10895
6139$1.45$2.1545.74%$252.50—$23.10$26.70110
—————$255.00—$25.30$28.60287
—————$257.50—$27.60$30.8050
—————$260.00—$29.90$33.10211
—————$265.00—$34.70$37.80232
—————$267.50—$37.10$40.50100
—————$270.00—$39.50$42.60390

Forward $228.75. The 25-delta put carries -0.31 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 43.81%±25.23skew -0.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$34.40$37.20—$195.00—————
11$29.80$32.50—$200.0045.88%$1.15$1.653425
—————$205.0045.80%$1.75$2.5528235
—————$210.0044.35%$2.60$3.307164
193$17.50$19.90—$215.0043.73%$3.80$4.502037
3613$14.70$16.70—$220.0043.68%$5.40$6.2036855
374$11.60$13.50—$225.0043.46%$7.40$8.201856
570$10.50$12.30—$227.5043.80%$8.50$9.601010
12344$9.30$10.0043.26%$230.00—$9.80$10.6021871
01$8.00$10.0045.32%$232.50—$10.50$12.6022
29515$7.10$8.2043.91%$235.00—$12.10$13.70714
3789$5.90$7.8044.51%$237.50—$13.20$15.50311
7293$5.40$6.0043.11%$240.00—$15.40$17.2053625
111$4.30$5.9043.86%$242.50—$16.50$19.30350
1430$3.80$5.1044.01%$245.00—$19.00$21.104620
10$3.10$4.6044.05%$247.50—$20.30$22.90354
34210$2.85$3.4042.99%$250.00—$21.90$24.9052327
13158$2.20$3.5044.14%$252.50—$24.10$26.9031
018$2.00$2.6543.44%$255.00—$26.00$29.0032
—————$257.50—$28.10$31.00011
—————$260.00—$30.50$33.402681

Forward $229.45. The 25-delta put carries -0.32 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 44.03%±28.96skew -0.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$38.90$42.60—$190.00—————
2001$30.20$33.80—$200.00—————
23$25.90$29.70—$205.0045.32%$2.60$3.401015
14$22.60$25.80—$210.0043.82%$3.60$4.201225
10$19.10$22.20—$215.00—————
157$15.50$18.70—$220.0043.41%$6.70$7.402734
50$13.00$14.90—$225.0044.08%$8.70$10.001942
135$10.50$11.9043.94%$230.00—$11.10$12.501911
213$8.40$10.0044.54%$235.00—$13.20$15.602811
529$6.40$7.3042.49%$240.00—$16.30$18.80302
16$4.90$6.3043.60%$245.00—$18.80$22.10103
014$3.50$5.4044.09%$250.00—$23.60$26.30120
514$2.70$4.2044.22%$255.00—$26.50$30.1070
—————$260.00—$30.80$34.8025
—————$265.00—$35.20$39.2051
—————$270.00—$39.80$43.8030
—————$275.00—$44.50$48.50100
—————$280.00—$49.40$53.3054
—————$285.00—$54.30$58.1010
—————$290.00—$59.20$63.10159
—————$300.00—$69.20$73.1020

Forward $229.40. The 25-delta put carries -0.27 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 49.50%±36.25skew +0.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$40.30$44.00—$190.0052.05%$1.70$2.55215
—————$195.0052.49%$2.40$3.60916
03$31.90$35.70—$200.0051.62%$2.90$4.801719
—————$205.0052.70%$4.50$6.10511
11$25.10$27.00—$210.0049.81%$5.20$7.00520
—————$215.0051.05%$7.10$9.10113
280$18.50$21.50—$220.0050.97%$8.70$11.401813
1480$15.50$18.30—$225.0050.63%$11.00$13.401831
145$13.40$15.70—$230.00—$13.40$15.702714
75$11.10$13.2049.36%$235.00—$16.10$18.603232
1511$9.10$11.3049.32%$240.00—$19.10$21.301436
42$7.80$9.4049.64%$245.00—$22.50$24.801423
6242$6.20$8.0049.49%$250.00—$25.20$28.301313
74$5.10$6.7049.70%$255.00—$29.90$31.90160
24308$4.00$5.6049.55%$260.00—$32.90$36.00444
511$3.20$4.6049.53%$265.00—$37.00$40.20410
—————$270.00—$41.30$44.4013
434$2.00$3.1049.64%$275.00—$45.70$48.8004
—————$280.00—$50.20$53.3066
—————$285.00—$54.90$58.6076
—————$290.00—$59.60$63.2090

Forward $230.00. The 25-delta put carries +0.26 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 46.98%±43.11skew +1.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
21$55.60$58.70—$175.00—————
01$51.10$54.30—$180.0050.17%$1.90$2.351217
031$47.00$50.00—$185.0050.21%$2.30$3.40123
02$42.80$45.80—$190.0050.29%$3.20$4.3093
01$38.40$41.90—$195.0049.16%$4.20$4.901031
16$35.00$38.00—$200.0048.86%$5.40$6.0095363
32$27.90$30.50—$210.0047.97%$8.10$8.90107182
2618$21.90$24.00—$220.0047.55%$11.90$12.7017150
62311$16.70$17.70—$230.0047.10%$16.50$17.5017234
5960$12.50$13.4046.88%$240.00—$21.50$23.409455
77254$9.30$9.9046.82%$250.00—$27.70$30.5024622
105473$6.60$7.2046.48%$260.00—$35.00$37.9013614
1,3281,333$4.60$5.2046.34%$270.00—$42.70$45.909316
1,2331,110$2.85$4.1046.46%$280.00—$51.30$54.605917
35103$2.25$2.7046.79%$290.00—$60.40$63.7024114
141258$1.55$2.0547.42%$300.00—$69.70$72.801327
2083$1.10$1.5548.15%$310.00—$79.40$82.40110
1860$0.70$0.9547.29%$320.00—$89.20$93.00250
—————$330.00—$99.20$103.0070

Forward $230.20. The 25-delta put carries +1.63 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 45.33%±50.87skew +3.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$75.20$78.60—$155.00—————
01$70.10$73.90—$160.0050.46%$1.05$1.65252
01$66.40$69.40—$165.00—————
03$61.90$64.90—$170.0049.32%$1.75$2.65291
01$57.60$60.50—$175.0048.31%$2.15$3.204014
13$52.70$56.30—$180.0049.22%$3.40$3.907063
212$48.40$52.00—$185.0049.02%$3.80$5.308526
1516$44.90$47.90—$190.0047.94%$5.00$5.705421
02$41.30$44.50—$195.0047.63%$6.30$6.708523
1529$37.60$40.50—$200.0047.44%$7.60$8.10327125
17$30.80$33.30—$210.0046.95%$10.80$11.30369112
2832$24.70$27.10—$220.0046.72%$14.80$15.402327,042
2738$19.60$22.00—$230.0045.76%$19.10$20.1023327
1966$16.00$16.6045.15%$240.00—$23.70$26.7073629
72189$12.10$13.0044.59%$250.00—$30.00$32.9012,8447,007
2114$9.10$10.0044.22%$260.00—$37.00$39.502843
6225$6.80$7.8044.28%$270.00—$44.70$47.3022913
2209$4.30$6.1043.31%$280.00—$53.60$55.902,7243
3388$3.80$4.6044.55%$290.00—$61.40$64.702330
93241$3.00$3.6045.27%$300.00—$70.40$73.901769
24207$1.80$2.7544.40%$310.00—$79.80$82.901400

Forward $231.21. The 25-delta put carries +3.16 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 44.49%±57.28skew +2.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$75.60$79.10—$155.00—————
07$71.20$74.60—$160.0049.04%$1.90$2.50947
0116$67.20$70.20—$165.00—————
852$62.40$65.50—$170.0048.46%$2.80$4.101070
467$58.10$61.50—$175.0048.40%$3.60$5.0018313
016$54.80$57.30—$180.0046.83%$4.40$5.3016818
0790$49.90$53.50—$185.0046.66%$5.20$6.601330
253$46.60$49.70—$190.0045.92%$6.50$7.3017023
250$42.40$46.00—$195.0045.78%$7.90$8.605354
560$39.30$41.90—$200.0045.99%$9.10$10.7072161
358$32.60$35.40—$210.0044.60%$12.30$13.6041238
5559$26.60$29.40—$220.0044.94%$17.10$17.8090628
3474$21.60$24.20—$230.0044.93%$22.00$23.0038018
40152$18.10$18.9044.42%$240.00—$27.40$28.604309
207561$14.40$15.9044.73%$250.00—$32.90$35.0071678
14271$11.40$12.1043.77%$260.00—$39.10$42.005330
36631$9.00$9.6043.67%$270.00—$46.50$49.6039613
9232$7.10$7.6043.70%$280.00—$54.50$57.603550
23242$5.50$6.0043.66%$290.00—$62.90$66.002480
94442$4.30$4.7043.72%$300.00—$71.60$74.501388
1063,218$3.10$3.9043.75%$310.00—$80.70$83.701397

Forward $230.41. The 25-delta put carries +2.29 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.