Options Skew Analytics

SQQQ 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 54.94%±1.39skew -7.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
110$6.05$6.35—$28.00—————
1,0321$5.05$5.30—$29.00—————
6395$4.15$4.30—$30.00—————
255$3.10$3.30—$31.00—————
6015$2.05$2.32—$32.0053.88%$0.02$0.03405177
7290$1.66$1.84—$32.5052.44%$0.05$0.06499214
1,893573$1.25$1.40—$33.0052.15%$0.11$0.13648769
1,7262,641$0.94$1.00—$33.5053.07%$0.23$0.26954694
13,6934,693$0.64$0.69—$34.0054.13%$0.42$0.461,3591,141
9,6183,718$0.42$0.4655.88%$34.50—$0.68$0.751,165687
9,0208,423$0.28$0.2958.10%$35.00—$1.06$1.109,949369
3,2653,972$0.17$0.2060.89%$35.50—$1.40$1.5340738
1,6195,465$0.11$0.1262.85%$36.00—$1.83$2.0017,318184
9923,943$0.06$0.0864.67%$36.50—$2.27$2.454,77141
4,2179,040$0.04$0.0567.39%$37.00—$2.79$2.9117,44570
104749$0.01$0.0468.12%$37.50—$3.20$3.452,443160
3643,227$0.02$0.0376.07%$38.00—$3.75$3.905,026404
2561,107$0.01$0.0277.21%$38.50—$4.20$4.401,017872
3204,094$0.01$0.0388.05%$39.00—$4.70$4.903,7912
1171,275$0.01$0.0395.16%$39.50—$4.95$5.455,03149
31013,578$0.01$0.0297.89%$40.00—$5.70$5.9052451

Forward $34.23. The 25-delta put carries -7.82 volatility points over the 25-delta call.

2026-10-02(9 days)ATM 54.35%±2.92skew -9.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$29.0049.74%$0.01$0.0252
95112$4.15$4.50—$30.0048.19%$0.03$0.051002
—————$30.5046.90%$0.04$0.08—0
—————$31.0048.17%$0.09$0.131060
10—$2.77$3.15—$31.5046.70%$0.12$0.19—16
30389$2.40$2.63—$32.0049.15%$0.25$0.2920096
10450$2.03$2.19—$32.5050.27%$0.38$0.4350742
247281$1.68$1.85—$33.0050.49%$0.52$0.602876,390
807134$1.47$1.52—$33.5050.92%$0.72$0.7917541
3,0131,625$1.22$1.27—$34.0052.90%$0.97$1.07444243
821394$1.03$1.0654.76%$34.50—$1.22$1.36133303
1,0091,430$0.81$0.8955.30%$35.00—$1.57$1.661,43683
780287$0.66$0.7456.56%$35.50—$1.91$2.054,80428
7611,168$0.56$0.6158.33%$36.00—$2.30$2.443,99470
240504$0.48$0.5060.07%$36.50—$2.45$2.871522
604822$0.40$0.4361.99%$37.00—$3.15$3.3024,56124
49267$0.32$0.3763.33%$37.50—$3.55$3.7511,55416
2591,456$0.27$0.3164.86%$38.00—$3.95$4.1564038
159557$0.24$0.2968.06%$38.50—$4.40$4.652,535177
1,1903,198$0.20$0.2368.62%$39.00—$4.90$5.1510641
1032,245$0.17$0.2170.80%$39.50—$5.35$5.6513641

Forward $34.23. The 25-delta put carries -9.79 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 52.95%±3.79skew -12.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2647$4.05$4.50—$30.0045.87%$0.11$0.13291
3121$3.35$3.60—$31.0046.13%$0.22$0.281715
1389$2.64$2.80—$32.0048.42%$0.46$0.569838
259$2.27$2.47—$32.5048.91%$0.63$0.713251
394165$1.99$2.15—$33.0049.06%$0.80$0.9010136
5047$1.76$1.89—$33.5050.89%$1.03$1.183240
121135$1.53$1.65—$34.0051.97%$1.33$1.418987
1,02162$1.34$1.4353.10%$34.50—$1.52$1.722654
830538$1.18$1.2254.03%$35.00—$1.91$2.16100133
61812$1.00$1.1957.01%$35.50—$2.13$2.48313
74717$0.90$0.9556.91%$36.00—$2.63$2.76834
795$0.76$0.8557.95%$36.50—$2.82$3.20200
100290$0.69$0.7559.77%$37.00—$3.40$3.605533
1146$0.59$0.6660.62%$37.50—$3.80$4.0550570
98530$0.55$0.5862.50%$38.00—$4.25$4.451,4752
41624$0.47$0.5463.97%$38.50—$4.65$4.901,7343
491,531$0.41$0.5165.79%$39.00—$5.05$5.35203
14404$0.37$0.4266.17%$39.50—$5.45$5.801370
2391,471$0.34$0.3767.52%$40.00—$5.95$6.25410
323$0.31$0.3368.87%$40.50—$6.50$6.75120
28640$0.27$0.3069.90%$41.00—$6.80$7.2070

Forward $34.22. The 25-delta put carries -12.20 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 53.77%±4.63skew -14.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$5.75$7.25—$28.00—————
277743$4.40$4.60—$30.0047.60%$0.23$0.2816935
1383$3.60$3.80—$31.0048.46%$0.42$0.493246
50184$2.86$3.10—$32.0049.93%$0.72$0.8053526
124142$2.33$2.46—$33.0050.28%$1.03$1.2310048
41$1.90$2.36—$33.5052.40%$1.36$1.472826
1,089607$1.90$1.96—$34.0053.45%$1.63$1.75296117
632545$1.70$1.7653.69%$34.50—$1.86$2.0642
6,3952,967$1.50$1.5954.59%$35.00—$2.23$2.361,35659
35107$1.36$1.4355.94%$35.50—$2.42$2.73100160
5,5603,277$1.23$1.2957.22%$36.00—$2.95$3.1027,9269
721$1.07$1.2759.41%$36.50—$3.05$3.504730
4,9232,115$1.00$1.0559.46%$37.00—$3.70$3.855216
3515$0.90$0.9560.51%$37.50—$4.10$4.3050
1262,082$0.81$0.8761.69%$38.00—$4.50$4.7042585
112$0.70$0.8963.96%$38.50—————
355,074$0.69$0.7564.87%$39.00—$5.25$5.605757
721$0.57$0.7465.86%$39.50—————
76612,901$0.57$0.6166.56%$40.00—$6.25$6.452,6840
05$0.47$0.6468.26%$40.50—————
781,475$0.48$0.5268.86%$41.00—$7.15$7.40250

Forward $34.27. The 25-delta put carries -14.03 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 54.85%±5.40skew -14.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
33$6.00$7.50—$28.00—————
5142$4.55$4.85—$30.0049.10%$0.33$0.48336
01$3.80$4.15—$31.0050.14%$0.56$0.75320
10$3.00$3.80—$32.0051.39%$0.88$1.11511
—————$32.5050.94%$0.99$1.33170
2518$2.59$2.96—$33.0053.25%$1.37$1.52950
172$2.35$2.52—$33.5055.02%$1.57$1.90812
80134$2.13$2.29—$34.0054.16%$1.73$2.164719
316$1.94$2.2255.15%$34.50—$2.03$2.46118
107362$1.78$1.9054.60%$35.00—$2.39$2.8110414
621$1.61$1.8957.45%$35.50—$2.86$3.057840
43118$1.48$1.5856.54%$36.00—$3.20$3.405713
5104$1.25$1.4856.64%$36.50—$3.45$3.8070
2118$1.14$1.4358.66%$37.00—$3.70$4.252410
109$1.13$1.2359.70%$37.50—————
4243$1.04$1.1561.01%$38.00—$4.50$5.35760
380$0.96$1.1062.65%$38.50—$4.70$6.4550
5088$0.89$0.9762.99%$39.00—$5.20$6.90420
074$0.74$0.9964.15%$39.50—$5.55$7.3010
13190$0.72$0.8464.43%$40.00—$6.30$6.70110
238$0.72$0.9469.05%$40.50—$6.40$8.2010

Forward $34.33. The 25-delta put carries -14.00 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 57.25%±6.25skew -16.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
56$6.00$7.30—$28.00—————
03$4.40$6.20—$29.00—————
032$4.60$5.45—$30.0051.16%$0.55$0.661544
—————$31.0052.28%$0.85$0.964020
030$3.40$3.65—$32.0053.20%$1.18$1.37450
4074$2.92$3.10—$33.0055.19%$1.69$1.8421717
115$2.70$2.86—$33.5055.84%$1.96$2.0935510
77159$2.49$2.64—$34.0056.44%$2.26$2.3411930
116113$2.25$2.4356.41%$34.50—$2.33$2.80106
71288$2.05$2.3157.71%$35.00—$2.82$3.0541154
126$1.95$2.1058.77%$35.50—$3.05$3.354070
61387$1.81$2.0260.57%$36.00—$3.50$3.70312
2946$1.68$1.8060.54%$36.50—$3.65$4.3020
212381$1.56$1.7161.89%$37.00—$4.15$4.553251
2311$1.47$1.5662.63%$37.50—$4.60$4.85156
96412$1.34$1.4763.36%$38.00—$4.90$5.252891
2146$1.22$1.4965.40%$38.50—$5.00$6.202050
3207$1.17$1.4467.27%$39.00—$5.70$6.10400
27102$1.06$1.2165.77%$39.50—$6.15$6.551051
564465$1.08$1.1467.97%$40.00—$6.65$6.9512510
14140$0.95$1.1368.78%$40.50—$6.95$7.953600

Forward $34.27. The 25-delta put carries -16.50 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 61.82%±8.45skew -22.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$9.10$11.55—$24.00—————
0—$8.15$10.55—$25.00—————
0—$7.20$9.65—$26.00—————
0—$6.30$9.10—$27.00—————
0—$5.45$7.95—$28.00—————
0—$5.70$6.50—$29.0051.59%$0.59$0.91—6
12—$5.30$5.75—$30.0053.35%$0.93$1.24—46
2106$4.40$5.15—$31.0057.78%$1.40$1.83693505
07$3.75$4.45—$32.0057.14%$1.77$2.192117
119191$3.70$3.95—$33.0058.80%$2.41$2.62313
2,695215$3.35$3.50—$34.0060.80%$3.05$3.2014068
143864$2.92$3.1061.25%$35.00—$3.60$3.851,1196
6286$2.55$2.8963.18%$36.00—$4.30$4.75370
1339$2.32$2.5364.26%$37.00—$4.85$5.3053
323252$2.14$2.2665.98%$38.00—$5.65$6.00350
6,094904$1.96$2.1068.18%$39.00—$6.55$6.95508326
2,341396$1.74$1.8968.98%$40.00—$7.30$7.65526
366$1.58$1.7170.19%$41.00—————
1135$1.47$1.7573.86%$42.00—————
026$1.27$1.5273.29%$43.00—————
5123$1.19$1.4575.46%$44.00—$10.45$12.2510

Forward $34.30. The 25-delta put carries -22.11 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 63.51%±10.59skew -17.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0341$8.40$10.65—$25.00—————
01$7.65$9.45—$26.00—————
—————$27.0054.97%$0.72$0.88237
02$6.20$7.95—$28.0057.01%$0.96$1.30422
010$5.50$7.30—$29.0055.84%$1.27$1.461331
101,210$6.00$6.15—$30.0057.66%$1.72$1.8777546
019$4.40$5.90—$31.0059.06%$2.13$2.39653
384$4.80$5.30—$32.0059.83%$2.53$2.951850
3789$4.45$4.70—$33.0059.96%$3.10$3.351,8380
265507$4.05$4.30—$34.0061.22%$3.65$4.001,0430
1451,608$3.80$3.9563.22%$35.00—$4.35$4.6077036
11450$3.40$3.6063.50%$36.00—$4.80$5.3031311
221,194$3.15$3.3565.16%$37.00—$5.50$6.401,1910
601,281$2.89$3.1066.29%$38.00—$6.35$6.7578019
2606$2.55$2.8065.99%$39.00—$6.90$7.90700
1082,707$2.52$2.6068.50%$40.00—$8.05$8.451,2737
132500$2.28$2.5269.99%$41.00—$8.65$9.151692
98144$2.11$2.3971.34%$42.00—$9.50$10.101072
31143$2.02$2.2873.25%$43.00—$10.05$11.751020
13130$1.84$2.0773.31%$44.00—$11.20$11.801552
581,390$1.80$1.9074.67%$45.00—$12.10$12.751497

Forward $34.35. The 25-delta put carries -17.01 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.