Options Skew Analytics

SNAP option chain

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

Data as of 9 November 2026 (end of day)

2026-11-27(18 days)ATM 57.33%±0.64skew +2.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2383$3.95$4.10—$1.00—————
631$3.45$4.45—$1.50—————
556$2.92$3.35—$2.00—————
55$0.75$1.24—$4.0073.39%$0.01$0.04202
016$0.50$0.67—$4.5060.79%$0.06$0.0888763
1,577243$0.27$0.29—$5.0057.26%$0.22$0.2491681
583235$0.10$0.1158.54%$5.50—$0.53$0.62290252
755577$0.03$0.0460.60%$6.00—$0.94$1.121901
7876$0.01$0.0266.44%$6.50—$1.40$2.292081
—————$7.00—$1.67$2.513720
—————$9.00—$3.45$5.2530
—————$9.50—$3.95$5.7530
—————$10.00—$4.45$7.0020
—————$11.00—$5.30$7.2540

Forward $5.05. The 25-delta put carries +2.25 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 57.63%±0.76skew +5.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
17247$3.95$4.50—$1.00—————
2666$3.40$5.15—$1.50—————
2330$2.91$4.45—$2.00—————
051$0.96$1.18—$4.0070.65%$0.03$0.05599
02$0.60$0.69—$4.5061.77%$0.10$0.1164372
7190$0.32$0.35—$5.0058.11%$0.26$0.2975979
265556$0.13$0.1556.73%$5.50—$0.56$0.6716840
229483$0.05$0.0658.11%$6.00—$0.97$1.141781
60321$0.02$0.0464.85%$6.50—————
2051,070$0.01$0.0268.70%$7.00—————

Forward $5.06. The 25-delta put carries +5.04 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 59.52%±0.89skew +0.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
41557$3.95$4.15—$1.00—————
1615$2.98$3.80—$1.50—————
—————$4.0063.60%$0.03$0.062497
04$0.67$0.74—$4.5061.20%$0.12$0.1617623
83107$0.35$0.39—$5.0059.71%$0.30$0.3718730
224777$0.17$0.1959.13%$5.50—$0.60$0.657764
12998$0.08$0.0960.53%$6.00—————
75106$0.04$0.0564.27%$6.50—————
237$0.02$0.0572.86%$7.00—————
187$0.01$0.0581.37%$7.50—————

Forward $5.04. The 25-delta put carries +0.68 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 58.47%±1.04skew +3.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
52$3.85$6.10—$1.00—————
200$3.45$3.70—$1.50—————
—————$4.0065.52%$0.06$0.1072
01$0.70$0.87—$4.5061.50%$0.15$0.229141
1,53358$0.42$0.48—$5.0058.70%$0.35$0.401484
48427$0.23$0.2758.28%$5.50—$0.65$0.74102
40146$0.12$0.1458.20%$6.00—————
1100$0.07$0.0861.01%$6.50—————
120$0.04$0.0767.07%$7.00—————
2512$0.02$0.0671.69%$7.50—————
—————$8.50—$3.30$3.7003
—————$9.00—$3.75$4.1501
—————$9.50—$3.95$5.7510

Forward $5.08. The 25-delta put carries +3.31 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 58.48%±1.28skew +4.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0127$3.65$4.40—$1.00—————
01,267$2.75$3.30—$2.00—————
32,708$1.90$2.10—$3.0074.56%$0.02$0.0315,98310
539,539$1.13$1.24—$4.0063.55%$0.11$0.1417,78211
1,32444,105$0.53$0.56—$5.0058.43%$0.45$0.4636,091264
1,92429,660$0.21$0.2259.08%$6.00—$1.11$1.2013,95953
2,06285,328$0.09$0.1063.42%$7.00—$1.90$2.1548,93936
42625,782$0.05$0.0670.20%$8.00—$2.80$3.151,3910
1816,182$0.03$0.0475.99%$9.00—$3.90$4.053480
57661,199$0.01$0.0378.75%$10.00—$4.90$5.304,913150
12,624$0.01$0.0593.26%$11.00—$5.75$6.152890
347,405$0.01$0.0291.36%$12.00—$6.75$7.152160
—————$15.00—$9.70$10.1056
—————$20.00—$14.70$15.1510

Forward $5.09. The 25-delta put carries +4.47 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.