Options Skew Analytics

SCHW option chain

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

Data as of 23 September 2026 (end of day)

2026-09-25(2 days)ATM 32.53%±2.40skew +0.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
60$32.80$36.80—$65.00—————
03$13.70$16.85—$85.00—————
2—$8.15$10.70—$91.00—————
48$7.30$9.70—$92.00—————
20$6.10$8.85—$93.00—————
112$4.20$6.90—$95.0040.85%$0.04$0.091,01825
10$3.55$4.30—$96.0037.78%$0.09$0.1230534
5027$2.71$3.35—$97.00—————
04$1.93$2.27—$98.0033.44%$0.27$0.4036682
3145$1.31$1.63—$99.0033.01%$0.54$0.72525207
186287$0.76$0.9432.49%$100.00—$0.98$1.171,44892
635521$0.42$0.5432.80%$101.00—$1.64$1.851,15623
77621$0.20$0.3033.20%$102.00—$2.07$2.6024112
—————$103.00—$3.15$3.505096
—————$104.00—$3.80$4.906935
51150$0.01$0.0637.18%$105.00—$3.70$5.757127
—————$106.00—$5.40$6.706641
10325$0.01$0.0344.28%$107.00—$6.75$7.904122
—————$108.00—$6.45$8.90131
—————$110.00—$8.35$11.1520
—————$112.00—$10.20$13.4520

Forward $99.77. The 25-delta put carries +0.64 volatility points over the 25-delta call.

2026-10-02(9 days)ATM 27.70%±4.34skew +0.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$8.15$11.00—$91.00—————
452$5.00$5.60—$95.0028.89%$0.26$0.359157
01$4.15$4.70—$96.00—————
254$3.35$3.65—$97.0028.03%$0.59$0.741231,034
15$2.63$2.96—$98.0028.08%$0.91$1.0333062
1488$2.08$2.34—$99.0028.37%$1.33$1.4222916
7185$1.50$1.8127.69%$100.00—$1.72$1.9032965
26103$1.12$1.3728.04%$101.00—$2.30$2.481,08310
32178$0.76$1.0127.80%$102.00—$2.91$3.152,01516
10210$0.51$0.7327.83%$103.00—$3.65$3.902349
25177$0.32$0.5127.70%$104.00—$4.00$4.952263
—————$105.00—$4.85$5.7516426
—————$106.00—$5.80$6.558251
—————$107.00—$6.80$7.705282
—————$108.00—$7.40$8.606190
—————$109.00—$7.45$10.35465
—————$110.00—$8.45$10.90150
—————$111.00—$9.50$11.8570
—————$113.00—$11.45$14.9520

Forward $99.84. The 25-delta put carries +0.20 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 27.17%±5.69skew +1.78
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$9.25$12.20—$90.00—————
06$7.90$8.70—$92.00—————
01$7.05$7.80—$93.00—————
—————$94.0028.49%$0.41$0.50207
—————$95.0026.93%$0.44$0.661814
—————$96.0027.36%$0.73$0.864320
—————$97.0026.81%$0.98$1.0974114
08$3.20$3.70—$98.0026.63%$1.29$1.434732
023$2.59$3.05—$99.0026.49%$1.70$1.816484
2238$2.03$2.4527.17%$100.00—$2.19$2.3951438
3137$1.58$1.9827.05%$101.00—$2.76$2.942126
820$1.22$1.5927.13%$102.00—$3.35$3.60631
4316$0.94$1.0625.94%$103.00—$4.00$4.401652
324$0.67$0.7825.58%$104.00—$4.20$5.10331
93149$0.50$0.5825.76%$105.00—$5.00$6.0510412
220$0.35$0.5627.13%$106.00—$5.85$6.854211
258$0.26$0.4127.27%$107.00—$6.75$7.60191
—————$108.00—$7.70$8.70220
—————$109.00—$8.70$9.50725
—————$110.00—$9.70$10.55140
—————$111.00—$9.35$11.7520

Forward $99.95. The 25-delta put carries +1.78 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 30.92%±7.77skew +0.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$92.0033.68%$0.63$0.73860
01,356$7.90$8.85—$92.5032.30%$0.57$0.802,370104
—————$93.0033.20%$0.78$0.89242103
1515$6.80$7.60—$94.0033.00%$0.98$1.105272
1446$6.10$6.85—$95.0032.47%$1.20$1.313,220105
01$5.35$6.10—$96.0032.17%$1.45$1.60134
01$4.75$5.35—$97.0032.00%$1.79$1.911,34712
1319$4.30$5.05—$97.5032.13%$1.95$2.151,599203
06$4.05$4.60—$98.0032.14%$2.13$2.379021
74$3.50$3.80—$99.0032.07%$2.58$2.7870299
1902,554$3.05$3.30—$100.0031.40%$3.05$3.155,423468
78101$2.56$2.6430.27%$101.00—$3.55$3.85279265
24113$2.12$2.3730.83%$102.00—$3.75$4.455444
9749$1.81$2.2032.13%$103.00—$4.75$5.008276
830$1.49$1.6530.89%$104.00—$5.45$5.755130
3355,534$1.25$1.3430.89%$105.00—$6.10$6.506,14459
181163$0.95$1.2831.60%$106.00—$6.40$7.3041
21312$0.77$0.9130.61%$107.00—$7.15$8.25181
05$0.64$0.7631.02%$108.00—$8.00$9.1530
112$0.50$0.6331.11%$109.00—————
579,657$0.41$0.5231.44%$110.00—$9.85$10.652,24015

Forward $100.08. The 25-delta put carries +0.88 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 31.54%±9.05skew -2.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$10.25$11.35—$90.0033.50%$0.54$0.70184
—————$92.0032.10%$0.79$0.94100
02$7.95$8.85—$93.00—————
01$7.20$8.10—$94.0031.49%$1.17$1.36152
01$6.20$7.35—$95.0030.01%$1.16$1.65495
01$5.75$6.40—$96.0031.33%$1.75$1.9411
—————$97.0031.29%$2.11$2.2963
1414$4.40$4.90—$98.0031.17%$2.50$2.68342
—————$99.0031.20%$2.93$3.1564
8139$3.40$3.65—$100.0030.70%$3.40$3.55186
33$2.96$3.6032.60%$101.00—$3.90$4.20265
010$2.48$3.2032.41%$102.00—$4.30$4.6530
—————$103.00—$5.00$5.4050
05$1.69$2.4131.73%$104.00—$5.55$6.1030
9632$1.46$1.7230.14%$105.00—$6.35$6.9012148
37$1.23$1.7831.92%$106.00—$6.40$7.50970
013$1.01$1.6232.40%$107.00—$7.20$8.4042
2269$0.86$0.9930.15%$108.00—$8.00$9.0591
—————$109.00—$8.85$9.9520
0824$0.55$0.7330.40%$110.00—$9.70$11.3590
—————$111.00—$10.60$12.2510

Forward $100.05. The 25-delta put carries -2.38 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 30.87%±9.85skew +0.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$90.0032.46%$0.68$0.83142
—————$93.0032.65%$1.17$1.60220
—————$94.0031.02%$1.35$1.6353
—————$95.0030.62%$1.61$1.875530
—————$96.0030.78%$1.94$2.23460
—————$97.0029.66%$2.05$2.5932
—————$98.0030.37%$2.64$2.9834
03$4.20$4.95—$99.0029.35%$2.76$3.5061
525$3.60$4.15—$100.0029.81%$3.50$3.851224
43$3.25$3.9031.13%$101.00—$3.80$4.402124
126$2.82$3.4531.03%$102.00—$4.60$5.0513
01$2.43$3.0530.98%$103.00—$5.20$5.5590
02$2.06$2.4729.95%$104.00—$5.80$6.3060
56821$1.85$2.3831.34%$105.00—$5.85$7.00161
11$1.41$1.9630.02%$106.00—$7.30$8.0570
014$1.16$1.8330.56%$107.00—$7.30$8.55120
436$1.00$1.4630.09%$108.00—$8.05$9.4022
95$0.78$1.1028.95%$109.00—$8.85$10.2010
—————$110.00—$9.75$11.1010
22$0.59$0.9630.63%$111.00—————
—————$112.00—$11.50$13.35120

Forward $100.20. The 25-delta put carries +0.46 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 28.66%±11.44skew +2.33
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$28.70$32.40—$70.00—————
—————$85.0032.03%$0.54$0.56798217
402$10.95$12.20—$90.0030.69%$1.16$1.271,079377
1—$9.25$10.15—$92.5030.06%$1.71$1.77—89
4142$7.40$8.30—$95.0029.56%$2.40$2.49835524
4016$5.90$6.10—$97.5029.13%$3.30$3.4027324
53186$4.55$4.70—$100.0028.79%$4.40$4.551,210109
151997$2.50$2.5728.05%$105.00—$7.20$7.501,46321
2682,235$1.22$1.3227.73%$110.00—$10.30$11.254935
2363,586$0.55$0.7128.18%$115.00—$14.50$15.901,4111
72813$0.24$0.3428.44%$120.00—$19.45$20.952230

Forward $100.15. The 25-delta put carries +2.33 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 27.99%±13.64skew +2.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0136$39.40$42.35—$60.00—————
0519$36.95$39.65—$62.50—————
0176$34.60$37.15—$65.00—————
083$31.30$34.95—$67.50—————
0104$28.80$32.50—$70.00—————
0231$27.35$29.85—$72.50—————
0142$24.75$27.60—$75.00—————
0236$22.35$25.25—$77.50—————
0146$19.95$22.85—$80.0032.16%$0.35$0.551,0063
0135$17.65$20.55—$82.5032.03%$0.53$0.851700
0171$16.00$17.55—$85.0030.22%$0.77$0.951,62311
857$13.85$14.55—$87.5029.90%$1.17$1.3148413
1187$11.80$13.15—$90.0029.40%$1.66$1.772,15830
0289$10.00$10.55—$92.5029.13%$2.27$2.444,2419
52,002$8.25$9.10—$95.0028.57%$3.05$3.153,88821
2480$6.85$7.10—$97.5028.38%$4.00$4.15960109
322,744$5.50$5.70—$100.0028.18%$5.15$5.305,00422
18718,377$3.35$3.4527.35%$105.00—$7.95$8.301,0068
1231,980$1.88$2.0327.02%$110.00—$11.40$11.755931
2213,241$1.04$1.1627.17%$115.00—$14.70$16.054731
84,191$0.52$0.7527.80%$120.00—$18.30$20.951111

Forward $100.38. The 25-delta put carries +2.11 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.