Options Skew Analytics

SHW option chain

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

Data as of 23 September 2026 (end of day)

2026-11-20(58 days)ATM 28.86%±37.79skew +2.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$126.50$130.00—$200.00—————
05$58.40$60.90—$270.00—————
—————$290.0031.64%$2.90$3.701114
02$32.00$34.50—$300.0030.47%$4.60$5.40714
—————$310.0030.13%$7.20$8.3041
211$18.80$20.30—$320.0029.04%$10.50$11.60390
25$13.70$14.8028.87%$330.00—$15.10$16.5030
510$9.70$10.4028.62%$340.00—————
1015$6.10$7.0027.77%$350.00—————
259$4.00$5.0028.25%$360.00—————
211$1.30$2.0027.54%$380.00—————

Forward $328.44. The 25-delta put carries +2.22 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 27.62%±44.18skew +2.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
015$127.00$130.20—$200.00—————
01$107.30$110.60—$220.00—————
010$97.60$100.90—$230.00—————
05$88.00$91.20—$240.00—————
05$78.30$81.50—$250.00—————
09$69.00$72.10—$260.00—————
02$59.70$62.20—$270.00—————
09$50.80$53.30—$280.0031.00%$2.70$3.7017410
—————$290.0029.64%$4.10$4.901710
08$34.00$37.00—$300.0028.90%$6.00$7.101060
020$27.40$29.80—$310.0028.69%$8.60$10.50660
05$21.70$23.00—$320.0028.02%$12.50$13.701270
2105$17.00$17.6027.69%$330.00—$17.10$18.30381
566$12.70$13.1027.39%$340.00—$22.60$24.10430
1139$8.50$9.6026.59%$350.00—$28.80$31.30230
0214$5.70$7.5026.86%$360.00—$35.90$38.80190
0236$3.70$5.5026.79%$370.00—$43.90$47.10100
—————$380.00—$52.50$55.8080
—————$390.00—$62.10$65.2020
—————$410.00—$81.50$84.7030
—————$420.00—$91.50$94.7030

Forward $329.60. The 25-delta put carries +2.04 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 26.85%±49.58skew +1.75
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$137.50$141.40—$190.00—————
017$127.80$131.60—$200.00—————
02$108.40$112.10—$220.00—————
024$89.10$92.70—$240.00—————
011$79.60$83.10—$250.00—————
07$70.30$73.10—$260.00—————
06$61.60$64.10—$270.0031.31%$2.45$3.901782
0119$52.70$55.30—$280.0029.77%$3.60$4.803180
069$44.40$47.00—$290.0028.70%$5.40$6.107984
078$36.80$39.40—$300.0027.95%$7.60$8.302526
023$29.70$32.40—$310.0027.36%$10.50$11.20773
035$24.20$26.10—$320.0027.05%$14.20$15.10812
1124$19.10$20.40—$330.0026.97%$18.80$20.001200
0186$14.60$15.8026.59%$340.00—$24.20$25.602380
0724$10.90$11.8026.13%$350.00—$30.10$32.601740
1142$8.00$8.9026.01%$360.00—$37.00$39.801070
14128$6.10$6.6026.21%$370.00—$44.90$47.70130
0258$4.00$4.9025.84%$380.00—$53.60$56.2080
6158$2.50$3.7025.65%$390.00—$62.70$65.50190
0540$1.90$2.6025.89%$400.00—$72.20$75.00250
—————$410.00—$80.90$84.70250

Forward $330.35. The 25-delta put carries +1.75 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 27.82%±64.35skew +2.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$100.50$103.50—$230.00—————
01$91.50$94.30—$240.00—————
01$82.50$85.20—$250.00—————
09$73.50$76.50—$260.00—————
—————$270.0029.46%$3.80$6.00170
—————$280.0029.85%$6.40$7.90330
03$49.10$52.20—$290.0029.06%$8.50$9.9060
012$42.50$45.30—$300.0028.63%$11.40$12.501200
03$36.10$38.60—$310.0028.34%$14.80$15.90380
07$30.70$32.10—$320.0027.96%$18.60$19.901200
011$25.40$26.90—$330.0027.86%$23.30$24.70130
045$21.30$22.2027.80%$340.00—$28.60$30.1040
076$17.30$18.3027.61%$350.00—$34.40$36.3010
053$13.70$14.6027.12%$360.00—$40.60$43.50130
0105$10.70$11.6026.76%$370.00—$47.90$50.9010
084$8.20$9.2026.47%$380.00—————
045$6.10$7.7026.51%$390.00—————
087$4.50$6.2026.40%$400.00—————

Forward $332.19. The 25-delta put carries +2.16 volatility points over the 25-delta call.

2027-06-17(267 days)ATM 27.50%±78.78skew +2.81
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
09$150.10$154.00—$180.00—————
08$131.20$134.60—$200.00—————
—————$260.0029.61%$4.70$7.30100
—————$270.0029.67%$6.60$9.6010
01$63.10$66.20—$280.0029.42%$9.30$11.50270
23$56.10$58.50—$290.0029.09%$11.90$14.2020
—————$310.0028.43%$18.40$20.9020
02$37.30$39.50—$320.0028.25%$22.60$25.0060
01$31.50$34.90—$330.0028.04%$27.20$29.6010
—————$340.00—$31.80$34.8010
07$22.50$25.6027.27%$350.00—$37.60$40.8040
012$18.60$21.7026.86%$360.00—$44.00$46.9010
021$15.20$18.0026.37%$370.00—$50.70$53.9040
25$13.40$14.8026.48%$380.00—$57.90$61.2030
05$9.80$13.5026.28%$390.00—$66.10$69.2010
04$5.80$9.2025.56%$410.00—————

Forward $334.96. The 25-delta put carries +2.81 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.