Options Skew Analytics

SCHW option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 32.24%±3.13skew +3.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
802$10.30$11.55—$82.00—————
1601$9.35$10.60—$83.0048.23%$0.01$0.0373116
15815$8.40$9.65—$84.0047.45%$0.01$0.06717
820$7.40$8.70—$85.00—————
2821$6.40$7.80—$86.0042.79%$0.05$0.0937620
045$5.25$6.55—$87.00—————
043$4.70$6.00—$88.00—————
2116$3.95$4.55—$89.0036.23%$0.20$0.2520045
16387$3.25$3.75—$90.0035.12%$0.33$0.40687159
32212$2.39$2.57—$91.0033.70%$0.53$0.60557149
36472$1.67$1.85—$92.0032.69%$0.80$0.94444148
60293$1.12$1.2632.20%$93.00—$1.24$1.3870576
64209$0.68$0.7931.11%$94.00—$1.83$1.976297
226843$0.38$0.4730.55%$95.00—$2.54$2.662393
81445$0.22$0.2730.94%$96.00—$3.10$4.90510
94157$0.12$0.1932.52%$97.00—$3.80$4.80215
—————$98.00—$4.85$6.40160
—————$99.00—$5.15$7.30100
151,149$0.02$0.0435.24%$100.00—$5.95$8.3050
—————$102.00—$7.85$11.10180
—————$104.00—$9.85$13.0510

Forward $92.88. The 25-delta put carries +3.14 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 29.20%±4.71skew +1.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$10.95$13.35—$81.00—————
0—$9.95$12.90—$82.00—————
04$9.00$9.60—$84.00—————
049$7.95$8.25—$85.0035.33%$0.16$0.201,95041
033$7.05$7.50—$86.00—————
015$5.10$6.90—$87.0032.71%$0.29$0.3460927
062$4.65$6.10—$87.5032.27%$0.30$0.441,2819
0114$4.20$5.50—$88.0031.48%$0.36$0.482603
22,198$4.10$5.05—$89.0030.81%$0.54$0.6340929
271,487$3.55$3.80—$90.0030.01%$0.75$0.843,809185
12,250$2.87$3.10—$91.0029.36%$1.03$1.1285641
261,353$2.28$2.51—$92.0029.31%$1.40$1.5316918
4576$2.00$2.16—$92.5029.34%$1.65$1.741,04830
83403$1.74$1.9029.20%$93.00—$1.89$1.98148102
141,311$1.28$1.4428.84%$94.00—$2.43$2.5216
431,836$0.90$1.0528.35%$95.00—$3.00$3.201,5622
2112$0.63$0.7428.12%$96.00—$3.55$3.90100
41453$0.42$0.5127.89%$97.00—$4.15$6.15760
8684$0.34$0.4327.96%$97.50—$4.90$5.459570
16100$0.27$0.3627.97%$98.00—————
202,727$0.11$0.1828.63%$100.00—$6.65$7.751,4961

Forward $92.88. The 25-delta put carries +1.89 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 27.00%±5.57skew +2.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$12.00$14.55—$80.00—————
01$7.10$9.25—$85.00—————
212$6.30$8.10—$86.00—————
07$6.20$7.05—$87.0028.77%$0.35$0.54140
079$5.20$5.70—$88.0028.68%$0.59$0.65416
037$4.55$5.60—$89.0028.14%$0.78$0.851,2020
26727$3.75$4.15—$90.0027.61%$1.01$1.1120818
042$3.20$3.50—$91.0027.46%$1.34$1.444175
1275$2.50$2.88—$92.0027.23%$1.73$1.836154
16115$2.12$2.2927.07%$93.00—$2.18$2.315967
192$1.51$1.8626.19%$94.00—$2.72$2.855243
383$1.24$1.3926.28%$95.00—$3.05$3.50150
16111$0.91$1.0325.81%$96.00—$3.80$4.20290
3494$0.58$0.8225.46%$97.00—$4.30$5.5580
3132$0.46$0.5525.40%$98.00—$4.95$7.1570
—————$99.00—$5.95$8.00120
—————$100.00—$6.70$7.5590
—————$102.00—$8.35$9.8010
—————$103.00—$9.10$11.3010
—————$105.00—$11.05$14.1010
—————$106.00—$12.05$14.4510

Forward $92.96. The 25-delta put carries +2.68 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 26.79%±6.52skew +2.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$12.05$14.15—$80.00—————
08$8.35$10.30—$84.00—————
02$7.30$9.50—$85.00—————
03$7.20$8.25—$86.00—————
—————$87.0028.82%$0.64$0.7651
020$4.75$6.60—$88.0028.40%$0.83$0.95153
012$4.95$5.35—$89.0027.91%$1.06$1.17400
170$4.30$4.75—$90.0028.35%$1.35$1.58642
1384$3.70$3.90—$91.0027.47%$1.69$1.82330
1757$3.10$3.25—$92.0027.70%$2.08$2.32180
111$2.53$2.6726.88%$93.00—$2.53$2.68190
139$2.05$2.1826.56%$94.00—$3.00$3.25363
635$1.63$1.7426.18%$95.00—$3.60$3.80362
0212$1.28$1.3725.90%$96.00—————
109$0.96$1.0825.60%$97.00—————
016$0.74$0.8225.46%$98.00—$5.40$6.2002
170$0.56$0.6225.37%$99.00—————
1016$0.33$0.5024.85%$100.00—————

Forward $92.99. The 25-delta put carries +2.45 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 26.62%±7.34skew +4.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$5.90$8.20—$87.00—————
014$5.10$6.65—$88.0029.12%$1.05$1.310426
014$5.35$5.75—$89.0028.32%$1.21$1.58140
011$4.60$5.25—$90.0028.28%$1.54$1.90162
015$4.00$4.45—$91.0027.72%$1.79$2.2970
019$3.30$3.85—$92.00—————
8218$2.78$3.35—$93.0027.13%$2.66$3.1010
018$2.26$2.7326.17%$94.00—————
1498$1.92$2.3326.56%$95.00—————
03$1.43$1.9525.85%$96.00—————
025$1.14$1.6526.00%$97.00—$4.95$5.5505
—————$98.00—$5.55$7.6010
082$0.67$0.9925.06%$99.00—————
36$0.57$0.8225.65%$100.00—————

Forward $93.19. The 25-delta put carries +4.06 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 26.23%±7.99skew +3.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0160$34.40$37.65—$57.50—————
0136$31.90$35.15—$60.00—————
0515$29.40$32.70—$62.50—————
0201$26.90$30.15—$65.00—————
083$24.45$27.70—$67.50—————
0106$21.95$24.80—$70.00—————
0231$20.00$21.95—$72.50—————
0117$17.35$19.35—$75.00—————
0236$15.60$16.45—$77.5034.91%$0.18$0.256673
0221$13.10$13.95—$80.0033.19%$0.28$0.391,4878
1162$10.65$11.70—$82.5031.25%$0.49$0.5255625
260277$8.80$9.35—$85.0029.81%$0.77$0.822,758140
3150$6.75$7.20—$87.5028.51%$1.21$1.271,28397
10657$4.95$5.35—$90.0027.54%$1.87$1.975,52915
14754$3.50$3.65—$92.5026.61%$2.79$2.944,23928
492,744$2.29$2.3925.79%$95.00—$4.05$4.255,8329
361,905$1.43$1.4925.40%$97.50—$5.80$5.951,04512
717,120$0.82$0.8825.02%$100.00—$7.70$8.105,3112
2619,496$0.20$0.3024.78%$105.00—$11.80$12.859750
—————$110.00—$15.85$19.103520
—————$115.00—$20.85$24.1050

Forward $93.21. The 25-delta put carries +3.48 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 26.88%±8.80skew +3.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$84.0030.69%$0.64$1.0310
—————$87.0028.93%$1.19$1.4803
—————$90.0027.43%$1.95$2.2802
—————$92.0027.45%$2.65$3.25210
0193$2.82$3.4526.75%$94.00—————
41282$2.50$2.8426.43%$95.00—$4.15$4.6510
0179$1.97$2.5926.35%$96.00—$4.65$5.2560
023$1.28$1.8125.48%$98.00—$6.00$6.5530
10$0.90$1.2025.28%$100.00—————
10$0.63$1.0525.02%$101.00—————
60$0.61$0.7424.91%$102.00—————
—————$105.00—$11.65$13.8001

Forward $93.26. The 25-delta put carries +3.65 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 26.15%±10.48skew +3.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
028$34.65$37.45—$57.50—————
058$32.15$35.20—$60.00—————
039$29.70$32.75—$62.50—————
0137$27.20$30.00—$65.00—————
0101$24.75$27.45—$67.50—————
0249$22.35$24.50—$70.00—————
09,738$20.00$21.85—$72.50—————
0257$17.55$19.20—$75.00—————
0185$16.10$17.05—$77.5031.83%$0.37$0.512,80532
0414$13.65$14.55—$80.0031.04%$0.65$0.692,59224
0337$11.40$12.40—$82.5029.93%$0.95$0.981,488107
13,145$9.50$10.45—$85.0028.85%$1.34$1.405,88429
2744$7.80$8.15—$87.5028.14%$1.93$1.991,62167
42,135$5.90$6.65—$90.0027.38%$2.69$2.7613,601188
401,233$4.65$4.80—$92.5026.50%$3.60$3.752,05927
2133,016$3.40$3.5525.97%$95.00—$4.90$5.056,035115
412,602$2.41$2.4825.37%$97.50—$6.25$6.751,65416
2858,893$1.64$1.7024.98%$100.00—$8.20$8.504,7725
617,719$0.70$0.8225.05%$105.00—$12.40$12.651,1208
434,029$0.27$0.3024.58%$110.00—$16.85$17.801,5010
—————$115.00—$20.85$24.05290

Forward $93.56. The 25-delta put carries +3.15 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.