Options Skew Analytics

RTX 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 24.77%±7.51skew +1.07
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$20.40$22.50—$172.50—————
015$12.50$14.75—$180.00—————
02$10.45$12.75—$182.50—————
12$8.00$10.40—$185.00—————
217$6.30$6.85—$187.5025.70%$0.88$1.27846
2098$4.40$5.00—$190.0025.17%$1.58$1.9523134
2651$3.05$3.40—$192.5024.79%$2.53$3.009648
318148$1.93$2.2624.75%$195.00—$3.85$4.35336
99133$1.10$1.4424.63%$197.50—$5.50$6.0094
85205$0.62$0.9125.11%$200.00—$6.35$8.40302
—————$202.50—$8.25$10.6510
—————$205.00—$10.55$13.00432

Forward $192.96. The 25-delta put carries +1.07 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 23.95%±9.68skew +0.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$42.20$44.95—$150.00—————
012$22.45$25.15—$170.00—————
—————$182.5025.51%$0.61$0.87150
22$8.75$11.05—$185.0024.39%$0.94$1.2026208
11$7.05$7.60—$187.5024.01%$1.48$1.7962
35$5.30$5.95—$190.0024.11%$2.33$2.6311261
1235$4.00$4.40—$192.5024.05%$3.40$3.7013
1200$2.83$3.1523.75%$195.00—$4.65$5.0013166
518$1.94$2.2223.76%$197.50—$6.20$6.8001
8131$1.28$1.5023.73%$200.00—$8.00$8.60381
48$0.82$1.0023.87%$202.50—————
—————$205.00—$10.75$13.2020
—————$210.00—$15.40$17.7010

Forward $193.15. The 25-delta put carries +0.28 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 23.24%±11.28skew +0.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$42.15$45.10—$150.00—————
56$37.35$40.10—$155.00—————
03$32.40$35.20—$160.00—————
016$13.50$16.00—$180.0025.35%$0.66$0.9041840
11$11.60$13.60—$182.5024.87%$1.03$1.235413
058$9.55$11.75—$185.0024.34%$1.49$1.7064563
50328$7.75$9.70—$187.5023.72%$2.01$2.381512
16144$6.15$7.70—$190.0023.57%$2.96$3.1587284
1723$4.80$5.05—$192.5023.43%$4.00$4.251253
58386$3.55$3.8023.06%$195.00—$5.30$5.6089255
21538$2.64$2.8123.12%$197.50—$6.75$7.4501
344756$1.96$2.0323.33%$200.00—$8.55$9.102,0435
78076$1.35$1.5023.47%$202.50—————
128175$0.85$1.1223.52%$205.00—$11.65$13.1510
4924$0.46$0.7522.93%$207.50—————
—————$210.00—$15.40$18.105170
—————$220.00—$25.35$28.65590

Forward $193.30. The 25-delta put carries +0.86 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 29.41%±16.31skew +1.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$23.15$25.95—$170.00—————
02$18.75$20.65—$175.00—————
021$14.70$17.25—$180.0030.11%$1.61$2.00423
105$11.00$13.40—$185.0030.09%$2.98$3.252,38311
3321$8.15$8.60—$190.0029.72%$4.70$5.10116
10189$5.55$6.0029.35%$195.00—$7.05$7.5051
10156$3.60$3.9529.03%$200.00—$10.00$11.0541
3428$2.23$2.5228.98%$205.00—$13.25$14.5540
157114$1.29$1.5528.91%$210.00—$16.20$18.7560
1039$0.79$1.2130.62%$215.00—————

Forward $193.50. The 25-delta put carries +1.11 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 29.18%±18.02skew +1.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$23.70$26.25—$170.00—————
02$19.25$21.80—$175.0030.73%$1.24$1.48871
—————$180.0029.87%$2.03$2.35126
—————$185.0030.23%$3.25$4.05111
1748$8.55$9.90—$190.0029.60%$5.00$5.80332
17816$6.00$7.3029.18%$195.00—$7.40$8.05111
574$4.00$5.2529.13%$200.00—$10.40$11.2520
353$2.80$3.7029.79%$205.00—$13.95$14.9530
355$1.57$2.4429.07%$210.00—————
258$0.95$1.4728.76%$215.00—————

Forward $193.92. The 25-delta put carries +1.17 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 28.18%±21.75skew +1.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
09$77.40$80.50—$115.00—————
012$72.40$75.60—$120.00—————
035$67.35$70.60—$125.00—————
011$62.50$65.65—$130.00—————
010$57.60$60.70—$135.00—————
213$52.55$55.80—$140.00—————
082$47.95$50.85—$145.00—————
027$43.90$46.00—$150.00—————
012$39.10$41.20—$155.0033.37%$0.36$0.534364
032$33.40$36.45—$160.00—————
224$29.35$31.85—$165.0031.20%$0.93$1.1351621
540$24.80$27.10—$170.0029.95%$1.35$1.652716
588$20.55$23.10—$175.0029.63%$2.22$2.4674318
6119$16.80$19.15—$180.0029.11%$3.30$3.601,28547
079$13.20$15.20—$185.0028.78%$4.80$5.151,30416
10668$10.40$10.75—$190.0028.38%$6.70$7.1070330
65255$7.85$8.1528.17%$195.00—$9.15$9.5080512
445994$5.75$6.1028.03%$200.00—$11.95$12.4072819
701,548$2.84$3.2027.85%$210.00—$19.00$19.856281
4421,500$1.26$1.7828.45%$220.00—$25.95$28.452126
222,119$0.53$0.8428.58%$230.00—$35.35$38.2570

Forward $193.67. The 25-delta put carries +1.26 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 27.10%±25.51skew +1.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
031$76.95$80.60—$115.00—————
0102$72.45$75.65—$120.00—————
01,964$67.50$70.65—$125.00—————
0334$62.55$65.75—$130.00—————
0128$57.50$60.80—$135.00—————
0294$52.40$55.95—$140.00—————
078$48.90$51.05—$145.00—————
0173$43.65$46.25—$150.00—————
071$38.90$41.50—$155.00—————
092$34.30$36.90—$160.0030.45%$0.97$1.379815
064$29.70$32.40—$165.0029.00%$1.34$1.774256
0175$25.60$28.10—$170.0029.27%$1.98$2.903342
0166$21.50$24.20—$175.0028.21%$3.15$3.4046224
1196$18.10$20.45—$180.0027.90%$4.45$4.702749
4161$14.65$16.95—$185.0027.40%$6.05$6.2550730
11293$11.95$12.30—$190.0027.17%$8.00$8.354909
24455$9.45$9.7027.11%$195.00—$10.50$10.804333
381,090$7.25$7.6026.91%$200.00—$12.70$13.759336
81,288$3.80$4.3526.12%$210.00—$19.90$20.803624
621,247$2.06$2.3926.32%$220.00—$26.70$28.809133
121,142$1.05$1.3526.77%$230.00—$35.60$38.101693

Forward $193.91. The 25-delta put carries +1.77 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 26.81%±29.22skew +1.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0186$73.10$75.90—$120.00—————
0641$67.85$71.05—$125.00—————
0152$62.80$66.20—$130.00—————
0311$58.30$61.35—$135.00—————
0511$54.05$56.55—$140.00—————
0570$49.30$51.80—$145.00—————
0205$44.65$47.10—$150.00—————
0328$40.00$42.55—$155.0030.18%$1.00$1.305662
0250$35.45$37.95—$160.0030.02%$1.32$2.099590
0424$31.20$33.60—$165.0029.43%$1.89$2.808950
8461$27.10$29.45—$170.0028.63%$2.97$3.25995224
0420$23.20$25.60—$175.0028.09%$4.00$4.301,6723
0819$19.65$21.65—$180.0027.57%$5.30$5.602,8220
0325$16.30$18.25—$185.0027.29%$7.00$7.256221
9501$13.45$15.40—$190.0027.14%$9.00$9.351,5623
1353$10.80$12.55—$195.0027.21%$11.45$11.854620
1631,520$8.95$9.2526.23%$200.00—$14.25$14.606830
172,215$5.55$5.8026.06%$210.00—$19.60$21.359900
792,639$3.25$3.5025.97%$220.00—$27.20$29.453250
31,132$1.79$2.1826.19%$230.00—$35.90$38.55870
1041,016$0.98$1.3826.64%$240.00—$45.30$48.80130

Forward $195.03. The 25-delta put carries +1.60 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.