Options Skew Analytics

REGN option chain

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

Data as of 9 November 2026 (end of day)

2026-12-18(39 days)ATM 35.12%±106.39skew -0.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$875.0034.06%$15.70$22.8010
092$65.80$73.00—$880.0035.81%$21.20$24.3072
01$62.20$69.00—$885.0034.99%$22.80$24.5001
065$59.70$66.00—$890.0034.84%$24.50$26.2080
05$57.20$63.00—$895.0034.93%$26.30$28.5010
2250$53.30$59.00—$900.0034.62%$28.20$30.00210
02$50.50$57.00—$905.0035.02%$30.10$33.3030
6202$48.60$53.00—$910.0034.56%$32.20$34.6031
03$44.90$51.90—$915.0035.38%$34.40$39.0010
2391$41.50$48.30—$920.00—————
24$41.50$45.00—$925.0035.28%$39.10$44.006075
184$39.10$42.5035.21%$930.00—$41.60$45.6010
01$36.60$40.0035.02%$935.00—————
137$34.30$36.9034.58%$940.00—————
—————$945.00—$48.20$54.0010
057$30.00$33.2034.64%$950.00—$49.50$57.00200
230$26.10$29.9034.75%$960.00—$56.00$62.00100
05$24.30$27.7034.52%$965.00—————
742$22.50$26.4034.60%$970.00—————
2220$20.90$23.6034.03%$975.00—————
057$19.40$22.9034.37%$980.00—————

Forward $926.71. The 25-delta put carries -0.32 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 34.13%±136.09skew -0.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
088$190.00$198.00—$740.00—————
097$172.60$179.90—$760.00—————
0452$154.90$161.90—$780.00—————
0288$137.50$144.90—$800.00—————
8268$121.30$128.80—$820.0034.64%$11.10$17.005350
0388$106.80$113.50—$840.0033.85%$14.70$21.20432
11162$92.00$99.30—$860.0033.65%$20.30$26.60101
0322$79.20$85.90—$880.0034.55%$30.50$32.703620
183315$67.70$73.60—$900.0034.59%$38.10$41.50430
0144$57.10$62.40—$920.0034.20%$47.00$50.00210
181$48.00$51.2034.13%$940.00—$57.20$60.5090
0189$39.50$43.9034.35%$960.00—$65.90$73.0010
053$32.20$36.8034.34%$980.00—$78.40$85.3030
2273$26.10$28.9033.76%$1,000.00—$92.10$100.0020
024$22.50$25.3033.12%$1,010.00—$99.80$106.8070
170$18.20$25.7033.50%$1,020.00—$107.30$115.0010
02$17.00$23.7034.02%$1,030.00—$115.30$123.0080
186$15.50$21.9034.38%$1,040.00—————
115$12.00$20.0033.73%$1,050.00—$132.00$139.001050
034$10.80$17.0033.39%$1,060.00—$139.70$148.0070
—————$1,110.00—$185.40$193.00730

Forward $930.68. The 25-delta put carries -0.72 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 34.71%±171.62skew +2.54
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$220.60$228.80—$715.00—————
04$215.90$224.80—$720.00—————
011$198.60$206.80—$740.00—————
021$182.40$189.60—$760.0037.82%$9.70$16.00105
076$166.00$172.40—$780.00—————
071$150.20$156.70—$800.0036.10%$15.20$22.60162
033$135.80$141.60—$820.0036.17%$20.10$28.0040
024$121.60$127.30—$840.0036.40%$28.30$32.30220
016$106.70$114.80—$860.0035.74%$32.00$40.0090
021$95.10$101.30—$880.0035.50%$39.10$47.3060
137$84.20$88.50—$900.0035.67%$48.60$55.5010
055$73.20$76.90—$920.00—————
012$62.00$69.7034.89%$940.00—$66.20$74.6050
060$53.90$59.6034.58%$960.00—$77.10$85.7010
033$45.00$52.4034.37%$980.00—$90.90$97.7020
221$39.00$44.0034.15%$1,000.00—————
024$31.00$39.3033.95%$1,020.00—————
116$27.40$32.7034.04%$1,040.00—$131.00$139.7010
18$22.70$29.2034.34%$1,060.00—————
029$17.00$25.4033.85%$1,080.00—————
012$14.00$22.2034.08%$1,100.00—————

Forward $935.40. The 25-delta put carries +2.54 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 36.25%±202.83skew +1.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
087$174.40$181.10—$780.0037.14%$17.40$25.00340
182$159.00$166.10—$800.0037.10%$22.30$30.00350
047$144.90$151.40—$820.0036.87%$27.30$35.701630
069$130.40$138.50—$840.0036.58%$33.40$41.502050
044$117.40$125.50—$860.0036.33%$40.10$48.3070
032$105.90$112.40—$880.0036.18%$47.80$56.0020
1128$94.70$101.10—$900.0036.06%$56.40$64.5030
061$83.80$90.80—$920.0035.89%$65.50$73.9030
785$74.00$81.2035.85%$940.00—$76.00$84.0010
056$67.00$72.9036.25%$960.00—$87.10$94.00210
029$56.80$64.8035.63%$980.00—————
233$49.80$57.0035.48%$1,000.00—————
025$45.70$54.0035.35%$1,010.00—$118.10$125.0040
015$42.10$51.0035.25%$1,020.00—$124.40$133.0010
07$39.70$47.2035.18%$1,030.00—————
06$37.40$45.0035.44%$1,040.00—————
014$33.40$42.0035.01%$1,050.00—————
05$31.90$39.2035.18%$1,060.00—————
03$28.40$37.8035.12%$1,070.00—————
010$26.10$35.0034.94%$1,080.00—————
05$24.10$33.0034.98%$1,090.00—————

Forward $937.56. The 25-delta put carries +1.89 volatility points over the 25-delta call.

2027-05-21(193 days)ATM 35.78%±246.17skew +2.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$269.40$278.00—$680.00—————
01$228.60$237.30—$730.0038.44%$17.10$26.0020
02$216.90$225.70—$745.00—————
—————$750.0038.17%$21.20$30.0010
01$198.10$206.80—$770.00—————
01$194.50$203.10—$775.00—————
01$190.80$199.40—$780.0037.78%$28.30$37.00100
01$187.20$195.80—$785.00—————
01$153.10$161.50—$835.00—————
01$131.10$139.50—$870.00—————
07$128.20$136.60—$875.00—————
03$125.20$133.60—$880.00—————
03$114.00$122.40—$900.00—————
—————$940.0036.29%$89.50$98.2030
05$85.60$94.4035.84%$960.00—————
03$77.60$86.0035.78%$980.00—————
1822$71.30$78.0035.89%$1,000.00—————
02$56.00$65.0035.53%$1,040.00—————
30$46.30$52.8035.61%$1,080.00—————
03$39.30$47.9035.17%$1,100.00—————
01$13.80$23.0035.47%$1,260.00—————

Forward $946.12. The 25-delta put carries +2.61 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 35.64%±262.34skew +1.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$226.00$232.90—$740.0037.05%$21.00$29.30150
08$211.00$217.90—$760.0036.73%$25.00$33.90430
06$196.00$203.40—$780.0036.74%$31.00$38.80320
066$183.00$188.60—$800.0036.56%$36.80$44.30120
08$169.00$176.10—$820.0036.31%$43.00$50.2082
09$157.00$162.70—$840.0036.31%$50.00$57.60190
014$145.00$150.50—$860.0036.17%$57.80$64.8080
014$133.00$139.20—$880.0036.09%$66.00$73.102120
033$122.00$128.80—$900.0035.94%$74.00$82.5050
015$112.50$118.40—$920.0035.91%$83.40$92.3020
012$102.00$110.00—$940.0035.91%$94.00$102.30270
019$93.00$101.1035.79%$960.00—$104.60$113.7010
019$85.00$92.3035.67%$980.00—————
019$77.00$84.7035.56%$1,000.00—$129.20$137.0041
010$69.00$77.6035.35%$1,020.00—————
076$62.00$71.2035.26%$1,040.00—————
04$56.00$65.0035.20%$1,060.00—————
084$50.30$59.2035.10%$1,080.00—————
018$45.00$54.2035.06%$1,100.00—————
07$40.20$49.5035.01%$1,120.00—————
02$36.00$45.2035.01%$1,140.00—$230.30$238.0030

Forward $948.05. The 25-delta put carries +1.31 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 35.77%±316.76skew +2.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$720.0037.18%$26.10$36.00170
02$244.00$254.00—$740.0037.10%$31.10$41.00270
08$230.00$240.00—$760.0037.22%$37.00$47.0010
01$217.00$227.00—$780.0037.14%$43.00$53.0050
01$204.00$214.00—$800.0036.87%$49.00$59.0020
05$191.00$201.00—$820.0036.80%$56.00$66.0040
03$179.00$189.00—$840.0036.56%$63.10$73.0010
03$168.00$177.00—$860.00—————
12$157.00$165.00—$880.00—————
244$146.00$155.00—$900.00—————
06$136.00$145.00—$920.00—————
031$126.00$136.00—$940.0036.18%$108.10$118.0040
01$117.00$127.0036.24%$960.00—$119.00$129.00250
05$108.00$118.0035.97%$980.00—$130.00$140.0010
07$100.00$110.0035.86%$1,000.00—————
01$78.10$88.0035.36%$1,060.00—————
032$72.00$82.0035.33%$1,080.00—————
03$66.00$76.0035.20%$1,100.00—————
01$61.00$71.0035.25%$1,120.00—————
015$51.00$61.0035.05%$1,160.00—————
08$46.10$56.0034.81%$1,180.00—————

Forward $957.93. The 25-delta put carries +2.06 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.