Options Skew Analytics

SBUX 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 27.57%±4.04skew +0.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$23.05$24.65—$70.00—————
013$4.40$6.00—$89.00—————
32$3.60$4.65—$90.0028.51%$0.42$0.508652
030$3.05$3.35—$91.0028.63%$0.63$0.7963328
05$2.36$2.63—$92.0027.47%$0.93$1.0215142
7297$1.75$1.93—$93.0027.56%$1.29$1.5020867
3379$1.27$1.4427.57%$94.00—$1.82$2.0330243
2666$0.88$1.0527.56%$95.00—$2.40$2.6920621
32226$0.60$0.7427.66%$96.00—$3.15$3.45377
253332$0.37$0.5227.62%$97.00—$3.60$4.456815
—————$98.00—$3.95$5.156013
—————$99.00—$5.20$6.355519
—————$100.00—$5.80$7.1515817
—————$101.00—$7.20$8.25401
—————$102.00—$7.50$9.202262
—————$103.00—$8.15$10.20621
—————$104.00—$8.90$11.35411
—————$105.00—$10.85$12.40374
—————$106.00—$11.05$13.4002
—————$121.00—$25.90$28.0502
—————$122.00—$26.90$29.3506

Forward $93.45. The 25-delta put carries +0.96 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 28.00%±5.48skew +1.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$4.70$6.40—$89.0028.42%$0.55$0.6653
01$3.85$5.60—$90.0027.82%$0.73$0.8811110
14$3.50$3.90—$91.0027.78%$0.99$1.20622
01$2.86$3.25—$92.0027.90%$1.39$1.542417
01$2.29$2.66—$93.0027.74%$1.79$1.985036
3166$1.80$2.1728.05%$94.00—$2.31$2.52698
2489$1.41$1.5927.21%$95.00—$2.89$3.101482
1285$1.04$1.3727.96%$96.00—$3.45$3.754012
922$0.78$0.8926.72%$97.00—$4.20$4.452912
1749$0.55$0.6626.58%$98.00—$4.55$5.30380
323$0.40$0.4926.81%$99.00—$4.30$6.25180
2043$0.27$0.4527.93%$100.00—$5.95$7.1523014
—————$101.00—$6.55$8.15225
—————$102.00—$7.25$9.2091
—————$103.00—$7.85$10.10130
—————$104.00—$8.80$11.25260
—————$105.00—$11.05$12.30570
—————$106.00—$10.80$13.4570
—————$107.00—$11.80$14.2510
—————$122.00—$26.90$29.3532

Forward $93.57. The 25-delta put carries +1.11 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 26.68%±6.27skew +1.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
039$13.35$14.90—$80.0031.50%$0.04$0.085796
045$8.35$9.70—$85.0029.02%$0.22$0.341,325671
—————$87.0028.73%$0.45$0.6083
—————$88.0027.28%$0.54$0.70223
—————$89.0027.63%$0.79$0.934320
0106$4.60$5.85—$90.0027.70%$1.07$1.201,896134
02$3.90$5.00—$91.0027.40%$1.35$1.52527
21$3.30$3.50—$92.0027.21%$1.74$1.86221672
49$2.74$2.94—$93.0027.23%$2.16$2.331649
2230$2.23$2.3826.63%$94.00—$2.60$2.7911531
314455$1.79$1.9826.74%$95.00—$3.20$3.403,02086
451$1.42$1.5826.56%$96.00—$3.80$4.00733
1941$1.12$1.2426.46%$97.00—$4.50$4.8024828
930$0.86$0.9826.44%$98.00—$4.40$5.55620
523$0.64$0.7726.38%$99.00—$6.00$6.4512
9851,924$0.54$0.5926.89%$100.00—$6.85$7.205,11623
2011$0.36$0.4926.86%$101.00—$6.10$8.2010
939$0.29$0.3226.59%$102.00—$7.55$9.1520
27194$0.18$0.2926.92%$103.00—————
—————$104.00—$9.25$11.2002
2864,175$0.11$0.1827.84%$105.00—$11.10$12.002,2229

Forward $93.61. The 25-delta put carries +1.26 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 27.08%±7.29skew +2.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$86.0030.00%$0.49$0.7623
—————$87.0027.37%$0.52$0.74135
012$6.20$7.85—$88.0029.65%$0.82$1.18200
—————$89.0027.95%$1.03$1.20374
01$4.95$5.45—$90.0027.90%$1.32$1.4819359
—————$91.0027.75%$1.66$1.794154
119$3.65$4.25—$92.0027.76%$2.05$2.185113
01$3.05$3.65—$93.0027.82%$2.48$2.6516422
812$2.49$3.1527.11%$94.00—$2.77$3.20791
635$2.15$2.5626.94%$95.00—$3.45$3.801095
1424$1.79$1.9426.01%$96.00—$4.05$4.45151
518$1.43$1.5825.79%$97.00—$3.95$5.10190
165$1.14$1.5827.34%$98.00—$5.45$5.80461
25$0.91$1.0325.76%$99.00—$5.30$6.75161
8372$0.71$0.8325.79%$100.00—$6.20$7.55240
69$0.49$0.8026.41%$101.00—$7.35$8.3560
—————$102.00—$7.55$9.3520
—————$103.00—$7.95$10.3030
—————$104.00—$8.85$11.35230
—————$105.00—$10.05$12.2020
—————$106.00—$10.75$13.4510

Forward $93.83. The 25-delta put carries +2.20 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 33.37%±10.01skew +1.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$88.0033.82%$1.22$1.89144
—————$89.0033.40%$1.49$2.13777
09$5.65$7.40—$90.0033.57%$1.80$2.5227523
—————$91.0033.11%$2.07$2.894040
01$4.40$5.95—$92.0034.25%$2.69$3.35674
01$3.90$5.00—$93.0033.63%$3.00$3.80123
312$3.60$4.70—$94.0033.92%$3.35$4.50184
7198$3.15$4.0533.21%$95.00—$3.90$4.85346
33154$2.79$3.5032.98%$96.00—$4.20$5.50280
77$2.39$3.2533.52%$97.00—$5.50$6.1076
5567$2.16$2.4932.27%$98.00—$5.50$6.75181
—————$99.00—$6.30$7.5550
525$1.36$2.1732.58%$100.00—$7.05$8.352010
—————$101.00—$7.35$9.0050
—————$102.00—$7.90$10.1540
—————$103.00—$8.45$10.7090
39$0.70$1.0531.84%$104.00—$9.30$11.65230
179$0.55$0.7732.58%$106.00—————
562$0.41$0.5032.51%$108.00—————

Forward $94.23. The 25-delta put carries +1.24 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 32.65%±12.17skew +1.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$42.80$44.90—$50.00—————
01$32.75$35.00—$60.00—————
01$28.00$30.05—$65.00—————
019$22.30$25.15—$70.00—————
13$18.75$20.35—$75.0038.07%$0.32$0.5033018
15$14.05$15.25—$80.0035.32%$0.73$0.9085527
1124$9.95$11.60—$85.0033.68%$1.61$1.72687124
1087$6.50$7.85—$90.0032.92%$3.15$3.301,825293
439881$4.05$4.2532.60%$95.00—$5.50$5.752,442353
4741,189$2.29$2.4232.21%$100.00—$8.35$9.101,84961
941,431$1.24$1.3132.32%$105.00—$11.65$13.059599
512,632$0.58$0.7932.91%$110.00—$16.50$17.454211
371,912$0.27$0.4032.98%$115.00—$19.95$22.301850
—————$120.00—$24.70$27.50570
—————$145.00—$49.70$52.8510

Forward $93.52. The 25-delta put carries +1.35 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 31.00%±14.10skew +1.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$51.90$54.85—$40.0067.75%$0.01$0.051790
02$47.65$49.90—$45.00—————
021$42.05$44.95—$50.00—————
047$37.95$40.00—$55.00—————
0280$33.20$35.05—$60.00—————
0198$28.30$30.15—$65.00—————
0390$23.55$25.30—$70.00—————
26,457$19.05$20.55—$75.0034.59%$0.55$0.653,8814
242,583$14.60$16.05—$80.0032.83%$1.05$1.268,07819
21,082$10.70$12.20—$85.0031.90%$2.12$2.285,40822
221,639$7.50$7.70—$90.0031.31%$3.75$4.003,486110
28110,665$4.90$5.0530.99%$95.00—$6.15$6.403,363175
715,387$3.00$3.2030.66%$100.00—$9.10$9.555,56717
752,729$1.78$1.8930.47%$105.00—$12.35$13.407230
609,295$0.97$1.1430.53%$110.00—$16.45$17.702,0260
292,685$0.55$0.6730.94%$115.00—$20.50$22.401,8850
452,833$0.30$0.3831.20%$120.00—$25.05$27.25480
—————$125.00—$29.70$32.70100
—————$130.00—$34.70$37.9030
0315$0.06$0.1033.66%$135.00—$39.65$42.8510

Forward $93.69. The 25-delta put carries +1.43 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 30.19%±15.86skew +1.54
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$52.00$54.85—$40.0059.07%$0.01$0.051,3660
06$47.05$49.90—$45.00—————
0226$42.90$44.95—$50.00—————
066$38.10$40.00—$55.00—————
0675$33.30$35.10—$60.00—————
0178$28.75$30.30—$65.00—————
0422$23.85$25.55—$70.0035.01%$0.40$0.508,8588
0332$19.50$21.00—$75.0033.43%$0.68$1.024,0811
13,544$15.20$16.75—$80.0031.95%$1.46$1.5810,8132
01,043$11.40$12.95—$85.0031.00%$2.58$2.724,08447
674,491$8.30$8.50—$90.0030.56%$4.30$4.507,961232
662,249$5.70$5.9030.22%$95.00—$6.65$6.906,19537
5,4224,993$3.80$3.9029.91%$100.00—$9.75$9.905,610207
799,552$2.35$2.4829.46%$105.00—$12.75$13.851,2104
22313,673$1.45$1.5429.44%$110.00—$16.55$17.955050
14,386$0.79$1.3130.81%$115.00—$20.45$22.401360
98,578$0.51$0.5829.71%$120.00—$25.95$27.302210
22,442$0.31$0.3930.39%$125.00—$29.70$33.05170
—————$130.00—$34.65$38.0530
24,660$0.14$0.1731.90%$135.00—————

Forward $94.01. The 25-delta put carries +1.54 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.