Options Skew Analytics

SLV 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 37.99%±1.63skew -1.19
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
940$5.00$5.15—$53.00—————
536$4.50$4.65—$53.50—————
1168$4.00$4.15—$54.0048.36%$0.01$0.023,474150
126$3.50$3.70—$54.5043.13%$0.01$0.0265666
82109$3.00$3.20—$55.0041.33%$0.02$0.034,616482
39189$2.57$2.69—$55.5040.20%$0.04$0.052,637300
110304$2.15$2.22—$56.0039.86%$0.08$0.09737574
58171$1.67$1.78—$56.5038.93%$0.14$0.151,479643
228389$1.27$1.37—$57.0038.51%$0.24$0.253,2581,597
3591,126$0.94$1.01—$57.5037.66%$0.38$0.391,0461,022
2,1171,383$0.70$0.71—$58.0037.99%$0.59$0.612,3612,707
3,470872$0.47$0.4837.97%$58.50—$0.87$0.919714,070
2,6801,246$0.31$0.3238.72%$59.00—$1.20$1.281,5312,450
1,277796$0.20$0.2139.70%$59.50—$1.59$1.681,135544
5,8023,888$0.13$0.1441.14%$60.00—$2.01$2.122,610664
1,2711,749$0.09$0.1043.42%$60.50—$2.47$2.584,226246
2,9333,298$0.06$0.0745.22%$61.00—$2.95$3.051,843264
1,2713,220$0.05$0.0649.07%$61.50—$3.45$3.50330139
2,3084,710$0.04$0.0552.29%$62.00—$3.90$4.05307126
3973,574$0.03$0.0556.13%$62.50—$4.40$4.5511034
4524,399$0.03$0.0459.60%$63.00—$4.90$5.051,09161

Forward $58.11. The 25-delta put carries -1.19 volatility points over the 25-delta call.

2026-09-28(5 days)ATM 31.00%±2.11skew -0.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$5.00$5.20—$53.0038.77%$0.01$0.031291
011$4.50$4.70—$53.5036.68%$0.02$0.037632
010$4.05$4.20—$54.0035.21%$0.03$0.045912
05$3.55$3.70—$54.5033.12%$0.04$0.054230
4011$3.10$3.25—$55.0032.83%$0.07$0.088869
11210$2.65$2.76—$55.5032.09%$0.11$0.127049
24250$2.21$2.32—$56.0031.46%$0.17$0.181,454139
5226$1.80$1.90—$56.5031.33%$0.26$0.285938
318$1.44$1.52—$57.0030.97%$0.38$0.41239445
5041$1.15$1.19—$57.5030.80%$0.55$0.58172244
286457$0.87$0.91—$58.0030.97%$0.77$0.81693341
387173$0.64$0.6831.05%$58.50—$1.04$1.1117426
691281$0.47$0.5031.51%$59.00—$1.37$1.44198169
18091$0.34$0.3732.22%$59.50—$1.73$1.82269147
987701$0.25$0.2733.09%$60.00—$2.13$2.231,657175
299570$0.18$0.2033.99%$60.50—$2.56$2.66804105
288958$0.14$0.1535.37%$61.00—$3.00$3.1029098
46235$0.10$0.1337.04%$61.50—$3.45$3.60255
8551,043$0.08$0.0937.95%$62.00—$3.90$4.103122
3132,486$0.07$0.0840.35%$62.50—$4.40$4.6070
83408$0.05$0.0741.76%$63.00—$4.90$5.05531

Forward $58.10. The 25-delta put carries -0.88 volatility points over the 25-delta call.

2026-09-30(7 days)ATM 33.61%±2.70skew -1.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1559$5.05$5.20—$53.0039.11%$0.05$0.0611,347177
11,426$4.55$4.75—$53.5037.66%$0.06$0.081,517224
4831$4.10$4.25—$54.0036.72%$0.09$0.101,527195
17340$3.65$3.80—$54.5035.90%$0.12$0.14463113
991,995$3.20$3.35—$55.0034.98%$0.17$0.183,115284
125306$2.77$2.88—$55.5034.36%$0.23$0.256799
180866$2.36$2.46—$56.0033.96%$0.32$0.341,241228
701,339$2.00$2.08—$56.5033.73%$0.44$0.461,19797
1771,050$1.66$1.73—$57.0033.49%$0.58$0.621,100272
21685$1.38$1.42—$57.5033.61%$0.78$0.813,00547
3261,295$1.11$1.15—$58.0033.52%$1.01$1.033,361697
1,1581,215$0.89$0.9333.98%$58.50—$1.28$1.331,097245
256684$0.71$0.7434.45%$59.00—$1.59$1.641,266302
95768$0.56$0.5935.03%$59.50—$1.92$2.01704198
6305,745$0.44$0.4635.51%$60.00—$2.30$2.372,179111
702826$0.35$0.3736.43%$60.50—$2.70$2.811,212132
3311,502$0.28$0.2937.21%$61.00—$3.10$3.251,301301
2532,443$0.22$0.2438.24%$61.50—$3.55$3.7091253
5203,438$0.18$0.2039.50%$62.00—$4.00$4.15663103
1651,743$0.15$0.1640.55%$62.50—$4.45$4.651,9384
1,4695,888$0.12$0.1441.84%$63.00—$4.95$5.1035010

Forward $58.11. The 25-delta put carries -1.77 volatility points over the 25-delta call.

2026-10-02(9 days)ATM 36.51%±3.33skew -2.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
229$5.15$5.30—$53.0038.80%$0.09$0.1032648
320$4.70$4.80—$53.5038.46%$0.12$0.14323121
1122$4.25$4.35—$54.0037.46%$0.16$0.172,555189
299$3.75$3.90—$54.5037.04%$0.21$0.231,622110
218417$3.35$3.50—$55.0036.64%$0.28$0.303,5561,311
12832$2.95$3.05—$55.5036.32%$0.37$0.3917142
89520$2.57$2.65—$56.0035.98%$0.48$0.503,796235
58232$2.21$2.29—$56.5035.99%$0.63$0.64411214
89265$1.91$1.96—$57.0035.91%$0.79$0.82556196
110342$1.62$1.67—$57.5036.15%$1.00$1.0338072
415470$1.38$1.40—$58.0036.37%$1.24$1.271,274491
2,309165$1.16$1.1736.70%$58.50—$1.51$1.55535171
491969$0.96$0.9837.07%$59.00—$1.82$1.842,185179
281426$0.79$0.8137.38%$59.50—$2.15$2.18821173
4,61011,468$0.66$0.6738.00%$60.00—$2.50$2.591,025281
340706$0.54$0.5638.58%$60.50—$2.89$2.9710656
1,3472,255$0.45$0.4639.21%$61.00—$3.25$3.4015441
412830$0.37$0.3940.02%$61.50—$3.70$3.807519
3,989927$0.31$0.3240.70%$62.00—$4.15$4.2515462
178852$0.26$0.2741.58%$62.50—$4.60$4.756612
4631,167$0.22$0.2342.54%$63.00—$5.05$5.201,68881

Forward $58.14. The 25-delta put carries -2.60 volatility points over the 25-delta call.

2026-10-05(12 days)ATM 33.98%±3.58skew -3.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$53.0035.43%$0.11$0.133614
—————$54.0034.24%$0.19$0.2136120
130$3.40$3.55—$55.0033.41%$0.32$0.3539125
140$3.00$3.15—$55.5033.42%$0.42$0.4612
96$2.65$2.74—$56.0033.21%$0.54$0.581429
03$2.30$2.38—$56.5033.44%$0.70$0.74356
63$2.00$2.05—$57.0033.36%$0.88$0.91721
161$1.72$1.78—$57.5033.58%$1.09$1.13110
195$1.46$1.51—$58.0033.83%$1.33$1.382215
1356$1.24$1.2834.12%$58.50—$1.60$1.661942
654$1.02$1.0934.23%$59.00—$1.90$1.953338
32$0.87$0.9234.83%$59.50—$2.23$2.3149511
50184$0.73$0.7835.36%$60.00—$2.58$2.6726640
316$0.61$0.6635.88%$60.50—$2.96$3.103310
3178$0.51$0.5636.47%$61.00—$3.35$3.45279
80102$0.43$0.4837.22%$61.50—$3.75$3.9080
3137$0.36$0.4137.87%$62.00—$4.20$4.3594
131$0.31$0.3538.69%$62.50—$4.65$4.8010
3033$0.26$0.3139.56%$63.00—$5.10$5.2512
64$0.23$0.2640.35%$63.50—————
1311$0.20$0.2441.59%$64.00—————

Forward $58.13. The 25-delta put carries -3.26 volatility points over the 25-delta call.

2026-10-07(14 days)ATM 34.90%±3.97skew -3.23
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$51.0038.68%$0.06$0.0899
10$6.15$6.30—$52.0037.28%$0.10$0.12329
—————$53.0035.83%$0.16$0.18227
10$4.35$4.50—$54.0034.80%$0.26$0.2878
—————$55.0034.31%$0.42$0.451410
70$2.78$2.86—$56.0034.03%$0.66$0.7010816
1513$2.13$2.21—$57.0034.24%$1.01$1.062265
649$1.62$1.67—$58.0034.75%$1.48$1.53935
453$1.19$1.2535.31%$59.00—$2.05$2.121513
340221$0.87$0.9236.05%$60.00—$2.72$2.8118107
3945$0.64$0.6937.26%$61.00—$3.45$3.6020
227$0.47$0.5238.51%$62.00—$4.30$4.4540
96$0.35$0.3939.78%$63.00—————
325$0.27$0.3041.36%$64.00—$6.10$6.2502
5160$0.21$0.2342.84%$65.00—————
5883$0.17$0.1944.81%$66.00—$7.60$8.1502
03$0.13$0.1746.80%$67.00—————
02$0.11$0.1448.64%$68.00—————
03$0.09$0.1250.43%$69.00—————
115$0.08$0.1152.79%$70.00—————
31$0.07$0.1054.92%$71.00—————

Forward $58.14. The 25-delta put carries -3.23 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 35.47%±4.32skew -3.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$5.30$5.45—$53.0036.09%$0.21$0.2348049
710$4.40$4.60—$54.0035.30%$0.33$0.3517385
61$4.00$4.15—$54.5035.11%$0.41$0.44616
235$3.65$3.75—$55.0034.89%$0.51$0.541,298117
—————$55.5034.74%$0.63$0.6625317
252237$2.91$2.99—$56.0034.84%$0.78$0.8151523
6306$2.58$2.66—$56.5034.78%$0.94$0.98385120
25126$2.28$2.36—$57.0034.89%$1.14$1.17222146
48124$2.03$2.07—$57.5034.92%$1.35$1.3912915
185335$1.77$1.82—$58.0035.29%$1.60$1.65370186
74972$1.55$1.5935.57%$58.50—$1.87$1.9312264
271519$1.35$1.3935.90%$59.00—$2.17$2.2360494
17898$1.16$1.2136.09%$59.50—$2.47$2.572543
1,3793,587$1.02$1.0636.72%$60.00—$2.84$2.9281169
971,826$0.88$0.9237.06%$60.50—$3.15$3.301420
351451$0.77$0.8037.60%$61.00—$3.50$3.70195109
40407$0.66$0.7038.03%$61.50—$3.90$4.10195
3631,286$0.59$0.6138.78%$62.00—$4.35$4.502290
37452$0.50$0.5439.22%$62.50—$4.80$4.95240
125821$0.45$0.4840.12%$63.00—$5.20$5.35183264
15495$0.40$0.4240.79%$63.50—$5.65$5.801060

Forward $58.17. The 25-delta put carries -3.29 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 35.97%±5.26skew -3.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2411,273$5.50$5.60—$53.0035.42%$0.36$0.383,091144
5713$4.65$4.80—$54.0034.96%$0.53$0.544,390694
111$4.25$4.40—$54.5034.92%$0.63$0.664084
40519,001$3.90$4.00—$55.0034.74%$0.76$0.7710,930992
8724$3.60$3.65—$55.5034.85%$0.90$0.9386104
2565,677$3.20$3.35—$56.0034.89%$1.07$1.098,70310,292
26621$2.93$3.00—$56.5035.04%$1.26$1.28591178
3183,674$2.64$2.71—$57.0035.11%$1.46$1.498,334651
758$2.38$2.45—$57.5035.44%$1.70$1.73309290
3751,886$2.15$2.19—$58.0035.60%$1.95$1.982,8361,652
30213$1.94$1.9736.01%$58.50—$2.22$2.2683232
6513,513$1.74$1.7636.27%$59.00—$2.51$2.569,017256
55227$1.54$1.5836.48%$59.50—$2.83$2.895642
8,21251,121$1.38$1.4136.83%$60.00—$3.15$3.2537,2371,652
218497$1.23$1.2637.17%$60.50—$3.50$3.6029549
4,0306,240$1.11$1.1237.61%$61.00—$3.80$3.9592917
300324$0.97$1.0137.89%$61.50—$4.20$4.3550
1,14110,123$0.87$0.9038.31%$62.00—$4.60$4.751,769141
104599$0.77$0.8138.72%$62.50—$5.00$5.1570
1,45612,978$0.70$0.7239.23%$63.00—$5.40$5.602,23742
161105$0.63$0.6539.79%$63.50—$5.85$6.0010

Forward $58.21. The 25-delta put carries -3.97 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.