Options Skew Analytics

STZ option chain

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

Data as of 9 November 2026 (end of day)

2026-11-20(11 days)ATM 31.24%±7.92skew +2.81
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
114$11.30$14.00—$133.00—————
014$10.30$12.90—$134.00—————
13627$10.90$11.90—$135.00—————
0100$9.10$10.90—$136.00—————
061$7.60$10.90—$137.00—————
0109$6.70$9.70—$138.00—————
0181$6.50$8.40—$139.0034.39%$0.80$1.152760
1484$6.50$7.90—$140.0032.33%$0.80$1.301997
03$4.30$6.70—$141.0034.09%$1.15$1.7544
140$5.40$6.00—$142.0032.88%$1.45$1.85212
—————$143.0032.67%$1.80$2.1565
048$4.00$4.60—$144.0032.78%$2.15$2.60595
8347$3.40$4.10—$145.0031.40%$2.40$2.95461
0—$2.85$3.50—$146.0031.32%$2.90$3.40—0
0—$2.35$3.0030.97%$147.00—$3.50$4.00—0
0—$1.95$2.7031.62%$148.00—$4.20$4.50—0
0—$1.65$2.2031.30%$149.00—$4.80$5.80—0
15233$1.35$1.8531.27%$150.00—$5.20$5.80340
1—$0.75$1.2031.29%$152.50—$7.20$9.70—0
3178$0.50$0.7532.37%$155.00—$9.40$11.7010
—————$157.50—$11.30$13.60—0

Forward $146.03. The 25-delta put carries +2.81 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 29.03%±13.89skew +1.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$54.10$57.10—$90.00—————
019$44.20$47.00—$100.00—————
01$39.20$42.20—$105.00—————
048$34.30$37.00—$110.00—————
0292$29.50$32.30—$115.00—————
2644$24.60$27.00—$120.0034.97%$0.20$0.304781
0435$19.80$22.30—$125.0033.65%$0.40$0.604084
0380$15.20$17.90—$130.0032.09%$0.80$1.051,3065
0307$11.00$13.50—$135.0030.79%$1.50$1.851046
6876$9.10$9.70—$140.0030.26%$2.80$3.203094
27470$5.90$6.70—$145.0029.46%$4.60$5.202570
5603$3.60$4.2028.62%$150.00—$7.10$7.904715
15171$2.20$2.5528.91%$155.00—$10.50$11.801040
9411$1.25$1.5029.16%$160.00—$14.70$16.50330
4298$0.60$0.9529.55%$165.00—$18.90$21.705710
2394$0.35$0.5530.35%$170.00—————
—————$175.00—$28.60$31.2010

Forward $146.41. The 25-delta put carries +1.88 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 30.94%±19.50skew +1.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
014$59.60$62.50—$85.00—————
06$54.70$57.60—$90.00—————
015$49.60$52.40—$95.00—————
0114$44.70$47.30—$100.00—————
021$39.80$42.50—$105.00—————
0116$35.00$37.40—$110.0037.89%$0.25$0.353902
1178$30.70$32.60—$115.00—————
51,572$25.60$28.10—$120.0034.48%$0.70$0.8069619
7360$22.00$23.70—$125.0033.38%$1.15$1.30376115
6720$16.80$19.70—$130.0033.03%$1.90$2.201,34125
01,494$14.30$15.80—$135.0032.24%$2.90$3.401,44923
0509$9.80$12.30—$140.0032.11%$4.50$5.108231
189612$8.40$9.20—$145.0031.24%$6.50$7.001,01061
52626$6.10$6.7030.86%$150.00—$9.10$9.801,02820
0412$4.20$4.9030.74%$155.00—$12.40$13.00470
2848$2.95$3.5031.03%$160.00—$16.10$17.301331
34212$2.00$2.2530.64%$165.00—$20.10$22.506020
4229$1.30$1.5030.64%$170.00—$24.50$26.902460
11463$0.80$1.1031.07%$175.00—————
0514$0.50$0.7531.32%$180.00—$33.80$36.3040
—————$200.00—$53.50$56.3090

Forward $147.07. The 25-delta put carries +1.21 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 29.70%±26.07skew +2.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
11$54.90$57.80—$90.00—————
11$50.00$52.70—$95.00—————
08$45.20$47.90—$100.00—————
020$40.40$43.00—$105.0035.33%$0.45$0.751420
133$37.10$38.20—$110.0033.61%$0.75$0.902572
092$31.20$33.60—$115.0033.19%$1.15$1.4532910
0199$26.90$29.70—$120.0032.67%$1.75$2.1524310
0401$22.70$25.60—$125.0032.05%$2.60$3.001360
0241$18.90$21.60—$130.0031.78%$3.80$4.203980
15155$15.40$18.10—$135.0031.28%$5.20$5.701540
13180$13.50$14.70—$140.0030.53%$7.00$7.3031412
1110$11.00$11.90—$145.0030.38%$9.10$9.70630
077$8.50$9.4029.67%$150.00—$11.50$12.40760
0151$6.80$7.3029.66%$155.00—$14.60$15.401270
4191$5.10$5.7029.39%$160.00—$17.90$20.50150
070$3.80$4.4029.27%$165.00—$21.50$24.20810
0198$2.85$3.4029.36%$170.00—$25.50$28.2080
055$2.10$2.7029.63%$175.00—$29.90$32.3010
138$1.55$2.0029.59%$180.00—————
521$1.05$1.6529.85%$185.00—————
0821$0.80$1.1029.58%$190.00—————

Forward $147.08. The 25-delta put carries +2.42 volatility points over the 25-delta call.

2027-04-16(158 days)ATM 31.51%±30.53skew +0.81
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$45.40$48.30—$100.00—————
019$36.30$39.20—$110.00—————
010$31.90$34.80—$115.0033.53%$1.55$2.15520
320$28.70$30.50—$120.0033.01%$2.15$3.10370
032$23.80$26.60—$125.0032.22%$3.40$3.70151
012$20.80$22.90—$130.0031.40%$4.50$4.905000
057$17.40$19.40—$135.0031.16%$6.10$6.501110
062$15.00$15.90—$140.0031.01%$7.90$8.604916
543$12.30$13.20—$145.0030.90%$10.00$11.10350
553$10.20$11.3031.53%$150.00—$12.40$13.70190
095$8.10$9.0030.81%$155.00—————
7411$6.50$7.4030.90%$160.00—————
036$5.10$5.9030.66%$165.00—————
022$3.90$4.8030.59%$170.00—————
02$2.75$3.9030.23%$175.00—$30.00$32.9030
04$2.05$3.1030.17%$180.00—$34.50$37.2040
02$1.20$1.9030.28%$190.00—————

Forward $147.24. The 25-delta put carries +0.81 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 30.52%±34.89skew +2.83
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$50.50$53.60—$95.00—————
018$46.30$48.90—$100.0035.67%$0.90$1.50740
010$41.40$44.60—$105.00—————
032$37.40$39.60—$110.00—————
016$33.90$35.50—$115.0033.70%$2.50$3.602844
022$29.40$31.50—$120.0032.03%$3.40$4.00671
0287$26.00$27.70—$125.0032.14%$4.70$5.403736
1132$21.80$24.30—$130.0032.45%$6.10$7.402820
1240$19.60$21.00—$135.0032.14%$7.80$9.202850
15104$15.70$18.10—$140.0031.56%$9.50$11.30970
1158$14.40$15.40—$145.0031.29%$11.80$13.60820
053$11.60$13.1030.48%$150.00—$14.20$16.201490
033$9.60$11.4030.65%$155.00—$17.20$19.80100
068$7.90$9.4030.25%$160.00—$20.30$22.90130
0123$6.50$7.7029.99%$165.00—$23.70$26.30630
08$4.70$6.7029.55%$170.00—$27.30$29.50100
0123$4.20$5.2029.63%$175.00—————
0167$3.30$4.9030.41%$180.00—$35.30$38.1070
011$2.65$3.8029.98%$185.00—————
07$1.95$3.0029.45%$190.00—$44.20$46.9040
05$1.35$2.0529.94%$200.00—————

Forward $147.26. The 25-delta put carries +2.83 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 30.45%±41.69skew +3.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$51.70$55.20—$95.00—————
019$47.10$50.50—$100.00—————
01$42.90$46.80—$105.0035.00%$2.20$3.50810
04$39.00$42.70—$110.0034.55%$3.00$4.405810
01$35.10$38.00—$115.0033.45%$3.80$5.205601
016$31.30$34.00—$120.0033.09%$4.90$6.501620
068$27.90$30.40—$125.0032.74%$6.30$7.90720
0214$24.30$27.20—$130.0033.04%$7.80$10.20450
0167$21.40$24.20—$135.0030.71%$9.50$10.30450
379$19.50$20.90—$140.0030.54%$11.60$12.40220
023$15.90$18.40—$145.0030.51%$13.90$14.90620
381$15.10$15.9031.07%$150.00—$16.00$18.70150
040$12.50$13.9030.39%$155.00—————
08$10.70$12.8030.93%$160.00—————
016$9.10$11.0030.63%$165.00—$25.40$28.2010
04$6.20$8.2030.01%$175.00—————
0106$5.40$6.8029.86%$180.00—————
034$4.60$5.6029.61%$185.00—————
16$4.00$5.0030.03%$190.00—————
01$3.20$4.3029.82%$195.00—————
04$2.45$3.7029.50%$200.00—————

Forward $148.08. The 25-delta put carries +3.13 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.