Options Skew Analytics

STLD 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 43.64%±32.61skew +2.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$116.00$120.00—$110.00—————
02$96.20$100.10—$130.00—————
06$91.20$95.10—$135.00—————
05$66.50$70.50—$160.00—————
02$62.40$65.40—$165.00—————
08$57.50$60.50—$170.00—————
03$52.50$56.10—$175.0051.45%$0.60$1.0060
015$48.10$51.10—$180.0049.95%$0.85$1.251240
09$43.50$46.40—$185.0048.74%$1.15$1.6541
071$39.00$41.90—$190.0047.93%$1.65$2.15701
011$34.60$37.50—$195.0047.19%$2.35$2.75551
027$30.40$32.90—$200.0046.08%$3.10$3.501731
06$23.50$24.80—$210.0045.10%$5.20$6.101053
017$17.00$18.40—$220.0044.38%$8.50$9.701966
1259$11.60$13.0043.75%$230.00—$13.20$14.308271
21112$7.60$8.2042.13%$240.00—$19.20$20.301110
355$4.80$5.4042.24%$250.00—$26.00$27.401841
1106$2.90$3.4042.21%$260.00—$33.40$36.20860
2152$1.70$2.1042.34%$270.00—$42.30$45.00490
1345$1.00$1.2542.58%$280.00—$51.30$54.40120
—————$290.00—$60.90$64.0030

Forward $228.54. The 25-delta put carries +2.86 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 41.44%±40.73skew +3.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
022$77.60$80.60—$150.00—————
09$72.40$75.80—$155.00—————
089$67.80$70.90—$160.00—————
011$63.10$66.20—$165.00—————
033$58.40$61.50—$170.00—————
086$53.90$57.10—$175.0046.82%$1.35$1.901120
0194$49.30$52.00—$180.0046.11%$1.75$2.4590
046$45.00$48.00—$185.0046.14%$2.35$3.30190
075$40.60$42.60—$190.0044.74%$3.10$3.70480
078$36.60$38.40—$195.0044.44%$4.10$4.60341
045$32.70$35.70—$200.0043.86%$5.20$5.602250
031$25.40$28.30—$210.0043.27%$7.80$8.70800
136$20.20$21.60—$220.0042.31%$11.50$12.204636
185$15.00$17.1041.95%$230.00—$16.30$16.9018360
1098$10.90$11.6040.10%$240.00—$22.10$24.1017546
51162$7.70$8.4040.04%$250.00—$28.30$30.701140
57288$5.30$5.9039.90%$260.00—$35.60$38.10460
8195$3.70$4.3040.49%$270.00—$43.30$46.40440
0295$2.40$2.9540.31%$280.00—$52.80$55.2060
141$1.65$2.0040.57%$290.00—$61.60$64.60100
1143$1.15$1.5041.47%$300.00—$71.30$74.2010

Forward $229.45. The 25-delta put carries +3.37 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 42.00%±51.10skew +2.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$111.80$115.50—$115.00—————
0225$78.50$81.70—$150.00—————
—————$165.0047.50%$1.60$2.5520
—————$170.0046.97%$2.20$3.0030
—————$175.0046.45%$2.85$3.60240
—————$180.0045.51%$3.30$4.4010
01$43.80$47.10—$190.0044.92%$5.30$6.30120
—————$195.0044.63%$6.60$7.4010
04$36.40$39.20—$200.0044.16%$7.80$8.80182
02$30.00$32.60—$210.0043.73%$11.20$12.00340
—————$220.0043.20%$15.20$16.0031
037$19.40$22.00—$230.0043.10%$19.90$21.201240
356$15.20$16.2041.30%$240.00—$25.40$27.901120
027$11.70$12.6041.03%$250.00—$31.90$34.1060
05$8.60$10.3041.21%$260.00—————
018$6.70$7.8041.27%$270.00—$46.10$48.6030
123$5.00$5.8041.01%$280.00—$54.60$56.6010
025$3.80$4.2040.86%$290.00—$63.00$65.60490
038$2.60$3.5041.19%$300.00—————
2631$2.05$2.5541.41%$310.00—————
04$1.10$1.7042.48%$330.00—————

Forward $230.15. The 25-delta put carries +2.89 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 43.16%±59.55skew +3.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$75.30$78.50—$155.0048.95%$1.70$2.551450
—————$160.0048.70%$2.25$3.1070
02$66.40$69.80—$165.0047.47%$2.50$3.701200
010$62.30$65.40—$170.00—————
02$58.20$61.50—$175.0047.11%$4.30$5.10590
02$54.20$57.20—$180.0046.81%$5.40$5.90480
01$50.30$53.30—$185.0046.14%$6.10$7.1020
035$46.60$49.10—$190.0046.23%$7.60$8.30170
03$43.00$45.60—$195.0045.92%$9.00$9.6076
03$39.50$42.40—$200.0045.62%$10.50$11.1020
043$33.10$36.50—$210.0044.90%$13.80$14.603240
019$28.10$30.50—$220.0045.02%$18.00$19.3090
030$23.00$25.80—$230.0044.17%$22.50$24.00860
064$18.60$20.7043.10%$240.00—$28.70$30.30170
0612$15.00$16.8042.75%$250.00—$35.00$36.105340
0111$12.40$13.2042.55%$260.00—$41.30$43.201990
14,308$9.90$10.4042.23%$270.00—$48.50$51.00773
3260$7.80$8.5042.34%$280.00—$56.50$58.8020
01,705$6.00$6.5041.78%$290.00—————
0188$4.50$5.3041.73%$300.00—————
012$3.60$5.3043.65%$310.00—$82.70$85.1020

Forward $231.17. The 25-delta put carries +3.28 volatility points over the 25-delta call.

2027-05-21(193 days)ATM 43.86%±73.86skew +2.08
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$104.50$107.50—$125.00—————
—————$130.0051.88%$1.35$2.1010
02$95.10$98.40—$135.00—————
—————$175.0046.03%$6.50$8.2010
01$44.90$47.20—$200.00—————
—————$210.0044.78%$17.60$19.6010
—————$220.0044.41%$21.90$24.1040
026$23.90$26.8043.94%$240.00—$32.30$34.8020
01$20.10$23.1043.72%$250.00—$38.10$40.9030
02$16.90$19.8043.57%$260.00—$44.90$46.9010
04$14.10$16.3042.91%$270.00—————
01$11.70$14.6043.41%$280.00—————
02$9.70$12.3043.20%$290.00—————
02$6.30$8.8042.70%$310.00—————

Forward $231.61. The 25-delta put carries +2.08 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 42.89%±77.46skew +2.33
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$79.00$81.90—$155.00—————
08$75.00$77.80—$160.0047.19%$4.70$6.2070
07$71.00$73.80—$165.0046.68%$5.50$7.10100
09$67.00$69.90—$170.0046.21%$6.40$8.1040
021$63.00$66.10—$175.00—————
019$59.50$62.40—$180.00—————
06$56.00$58.90—$185.00—————
01$52.50$55.30—$190.00—————
08$49.00$52.00—$195.00—————
039$46.00$48.70—$200.0044.31%$14.90$16.3021
036$40.10$42.70—$210.0044.52%$18.90$20.8030
027$34.90$37.50—$220.0043.53%$23.20$24.5090
010$30.10$32.70—$230.0043.32%$28.20$29.5061
059$25.90$28.6043.26%$240.00—$33.80$35.80674
225$22.20$24.1042.61%$250.00—$39.60$42.20140
160$18.80$20.7042.33%$260.00—$45.90$48.5080
227$16.10$17.5042.11%$270.00—$53.00$55.60100
46$13.50$14.9041.86%$280.00—$60.60$63.0030
013$11.10$13.9042.51%$290.00—————
01,037$9.10$11.8042.14%$300.00—————
016$7.40$10.2041.99%$310.00—$85.00$87.4060

Forward $232.62. The 25-delta put carries +2.33 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 42.56%±92.15skew +3.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$107.50$110.50—$125.00—————
03$103.00$106.00—$130.0048.07%$2.65$3.7010
08$98.50$102.00—$135.00—————
—————$145.0046.47%$4.30$5.70160
01$82.00$85.50—$155.00—————
01$78.50$81.50—$160.00—————
02$74.50$77.90—$165.0045.13%$7.70$9.8020
011$71.00$74.10—$170.0044.97%$8.80$11.2070
01$54.00$57.50—$195.00—————
09$51.00$54.30—$200.00—————
02$45.50$49.00—$210.00—————
01$40.40$44.00—$220.00—————
—————$240.00—$37.00$40.50340
094$27.50$31.0042.54%$250.00—$43.00$46.0060
014$24.60$27.5042.63%$260.00—————
04$21.30$24.5042.37%$270.00—————
02$18.30$21.5041.91%$280.00—————
04$15.80$19.0041.69%$290.00—————
01$13.50$16.8041.45%$300.00—$79.00$82.3010
01$10.10$13.1041.28%$320.00—————
03$8.70$11.4041.08%$330.00—————

Forward $234.18. The 25-delta put carries +3.90 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.