Options Skew Analytics

SHW 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 28.77%±33.80skew +0.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$161.90$165.70—$195.00—————
015$156.70$160.70—$200.00—————
01$136.80$140.80—$220.00—————
010$127.00$130.90—$230.00—————
05$116.80$121.00—$240.00—————
05$107.30$111.00—$250.00—————
09$97.00$101.10—$260.00—————
02$87.50$91.30—$270.00—————
09$78.60$81.40—$280.00—————
09$59.00$61.90—$300.00—————
054$49.80$52.50—$310.00—————
011$41.00$43.40—$320.0030.15%$1.55$2.3525231
2150$32.10$34.80—$330.0029.46%$3.00$3.80724
0184$24.50$25.80—$340.0028.35%$4.90$6.001383
5242$18.10$19.10—$350.0028.91%$8.80$9.504669
43323$12.70$13.6028.80%$360.00—$13.40$14.10359
18444$8.10$9.2028.03%$370.00—$19.00$19.80331
11962$5.00$6.0027.76%$380.00—$24.00$26.8080
10490$2.90$3.6027.32%$390.00—————
—————$410.00—$50.40$53.1030
—————$420.00—$60.20$63.1030

Forward $359.40. The 25-delta put carries +0.59 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 26.71%±41.35skew +0.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$157.50$161.40—$200.00—————
02$137.60$141.60—$220.00—————
01$127.60$131.80—$230.00—————
015$118.00$121.90—$240.00—————
011$107.90$112.00—$250.00—————
07$98.00$102.20—$260.00—————
06$89.40$92.50—$270.00—————
0118$79.80$82.80—$280.00—————
064$70.60$73.30—$290.00—————
072$61.10$63.90—$300.00—————
029$52.20$54.90—$310.00—————
082$43.50$46.30—$320.0028.79%$2.75$4.403366
0144$35.50$38.30—$330.0028.35%$4.60$6.401685
3256$28.20$30.90—$340.0027.28%$6.60$9.002401
2894$21.60$24.50—$350.0028.21%$11.20$12.801762
9137$16.10$18.20—$360.0027.02%$14.90$16.901135
1331$11.00$13.6026.25%$370.00—$19.70$22.50140
15310$7.30$9.5025.48%$380.00—$26.20$28.9080
65156$5.40$7.0026.29%$390.00—$34.70$36.80170
32513$3.50$4.4025.63%$400.00—$42.40$44.80250
44410$2.50$2.9526.03%$410.00—$51.10$53.70250

Forward $361.26. The 25-delta put carries +0.99 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 28.49%±61.68skew +2.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$138.90$142.80—$220.00—————
02$129.00$133.00—$230.00—————
01$120.00$123.40—$240.00—————
01$110.80$113.80—$250.00—————
09$100.80$104.40—$260.00—————
02$74.50$77.20—$290.00—————
08$65.90$68.70—$300.0031.31%$4.00$5.801202
04$57.20$60.50—$310.0030.87%$5.70$7.60562
011$49.90$52.50—$320.0030.36%$7.70$9.901520
013$42.20$45.50—$330.0029.73%$10.20$12.50900
061$36.00$38.50—$340.0029.35%$13.40$15.80240
1150$29.90$32.50—$350.0028.85%$17.20$19.50260
5670$25.10$26.70—$360.0029.00%$22.80$23.70650
2167$20.10$21.7028.35%$370.00—$26.90$28.90100
12100$15.60$17.6027.79%$380.00—————
0335$12.20$14.4027.72%$390.00—————
1146$9.40$11.1027.26%$400.00—————
027$7.20$8.5026.98%$410.00—————
052$5.30$6.9027.01%$420.00—————
06$3.90$5.2026.76%$430.00—————

Forward $362.69. The 25-delta put carries +2.76 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 27.75%±78.92skew +3.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
09$179.30$183.40—$180.00—————
08$160.00$164.20—$200.00—————
01$150.50$154.60—$210.00—————
01$87.70$90.90—$280.00—————
03$79.30$82.60—$290.00—————
01$71.40$74.70—$300.0030.68%$6.80$10.4080
06$64.50$67.10—$310.0030.22%$9.20$12.3060
02$57.10$60.00—$320.0029.28%$11.80$13.9091
01$50.50$53.00—$330.0029.42%$14.80$17.8020
01$43.80$47.00—$340.0028.77%$17.70$21.2030
010$37.80$41.00—$350.0028.56%$21.80$25.2080
019$32.80$35.60—$360.0028.42%$26.50$29.70200
128$28.40$30.5028.12%$370.00—$31.50$34.5040
068$23.20$26.0027.39%$380.00—$37.00$39.8030
4119$19.00$22.5027.14%$390.00—$43.00$46.0010
037$15.60$18.5026.60%$400.00—————
05$12.60$15.6026.36%$410.00—$57.00$59.7010
1012$10.20$12.8026.07%$420.00—————
033$8.00$10.7025.87%$430.00—————
060$6.60$9.6026.37%$440.00—————
08$5.00$8.1026.20%$450.00—————

Forward $366.36. The 25-delta put carries +3.41 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 27.86%±95.12skew +3.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$166.60$171.50—$195.00—————
02$135.50$139.50—$230.00—————
—————$270.0031.60%$4.90$7.9010
01$92.10$96.00—$280.00—————
—————$290.0030.38%$7.80$11.2010
01$76.70$80.50—$300.0029.70%$9.20$13.5010
02$69.70$73.50—$310.0029.41%$11.90$15.80150
—————$320.0029.08%$14.60$18.704170
—————$330.0028.70%$17.50$22.001010
03$50.30$54.00—$340.0028.26%$21.10$25.20550
06$44.50$48.00—$350.0028.00%$25.10$29.2050
031$39.10$43.00—$360.00—————
095$34.60$38.5028.14%$370.00—$35.00$39.4010
02$26.00$30.0027.58%$390.00—————
030$22.10$26.5027.31%$400.00—————
08$19.00$23.0027.07%$410.00—————
013$16.00$20.0026.81%$420.00—————
01$8.60$13.1025.97%$450.00—————
017$7.60$11.1026.03%$460.00—————
08$6.00$9.8025.93%$470.00—————

Forward $369.33. The 25-delta put carries +3.11 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.