Options Skew Analytics

SYK 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 31.21%±33.49skew +1.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$140.70$145.00—$185.00—————
01$130.70$134.90—$195.00—————
02$115.80$120.20—$210.00—————
02$106.00$109.30—$220.00—————
010$96.10$99.40—$230.00—————
02$86.10$89.60—$240.00—————
016$76.30$79.60—$250.00—————
04$67.00$69.60—$260.00—————
043$57.10$59.70—$270.00—————
056$47.40$50.30—$280.0033.80%$1.00$1.2543547
0157$38.80$41.50—$290.0033.27%$1.95$2.3037922
0304$30.70$32.50—$300.0032.41%$3.30$4.0035820
1161$23.20$25.80—$310.0032.10%$5.80$6.5052335
6339$17.40$18.40—$320.0031.95%$9.30$10.2014325
362,221$11.90$13.0031.21%$330.00—$13.80$14.7018513
1445$8.10$8.6030.94%$340.00—$19.70$20.501830
16514$4.90$5.6030.46%$350.00—$26.10$28.30900
20480$3.00$3.5030.49%$360.00—$34.00$36.4030
28367$1.50$2.2030.14%$370.00—————
2419$0.70$1.0528.98%$380.00—————

Forward $328.19. The 25-delta put carries +1.64 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 30.89%±43.48skew +1.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$106.20$110.40—$220.00—————
01$96.40$100.20—$230.00—————
07$87.40$89.90—$240.00—————
011$77.50$80.20—$250.00—————
08$68.00$70.70—$260.00—————
092$58.50$61.20—$270.00—————
0206$49.70$52.50—$280.0033.30%$2.65$3.001673
0152$41.50$44.10—$290.0032.48%$4.00$4.601971
1325$33.80$36.40—$300.0032.03%$6.20$6.803103
0210$26.80$29.20—$310.0031.81%$9.30$9.804702
0295$21.20$22.30—$320.0031.03%$12.50$13.808031
53401$16.10$17.0030.94%$330.00—$17.50$18.50701
5477$11.60$12.7030.44%$340.00—$23.00$24.205650
26177$8.50$9.2030.39%$350.00—$29.40$31.406640
5406$5.80$6.6030.13%$360.00—$37.10$38.70600
223,152$4.00$4.7030.23%$370.00—$44.70$47.20451
7946$2.65$3.7030.87%$380.00—$53.40$55.80320
—————$390.00—$62.50$65.10320
—————$400.00—$72.10$75.30490
—————$410.00—$80.90$85.20120
—————$420.00—$91.00$95.20400

Forward $328.54. The 25-delta put carries +1.89 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 31.81%±62.88skew +1.94
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$108.50$111.50—$220.00—————
04$99.40$102.00—$230.00—————
023$90.00$92.80—$240.00—————
013$80.60$83.40—$250.00—————
010$71.80$74.80—$260.0033.91%$2.90$3.70402
019$63.50$66.40—$270.0033.39%$4.20$5.10942
023$55.70$58.30—$280.0034.19%$5.90$8.202110
076$47.90$51.00—$290.0032.82%$8.40$9.3096501
0116$41.10$43.80—$300.0033.64%$11.50$13.401941
085$34.90$37.30—$310.0032.68%$14.90$16.102092
089$29.40$31.50—$320.0032.61%$18.90$20.60911
0128$24.00$27.00—$330.0032.19%$23.50$25.201261
1154$19.80$21.9031.76%$340.00—$28.70$31.00680
1236$16.30$18.1031.86%$350.00—$35.50$37.20115
150$13.20$14.0031.28%$360.00—$42.00$44.5030
0113$9.90$12.7031.80%$370.00—————
062$8.00$10.0031.70%$380.00—————
2206$6.10$8.0031.51%$390.00—————
8220$4.70$5.8030.90%$400.00—————
227$2.70$3.8031.16%$420.00—————
18$1.65$2.6029.96%$430.00—————

Forward $331.17. The 25-delta put carries +1.94 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 32.02%±82.89skew +1.71
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$120.50$123.60—$210.00—————
03$111.40$114.50—$220.00—————
02$102.70$105.60—$230.0033.73%$1.95$3.00321
04$93.90$96.80—$240.00—————
05$85.30$88.40—$250.00—————
01$77.20$80.30—$260.00—————
02$69.50$72.50—$270.0033.47%$7.10$10.70210
09$62.10$65.20—$280.0032.87%$9.30$12.90170
02$55.10$58.20—$290.0032.75%$12.00$16.1080
04$49.00$51.70—$300.0032.49%$16.00$18.70180
06$43.00$45.70—$310.0032.76%$20.40$22.803671
034$37.50$40.10—$320.0032.30%$24.30$27.00200
025$32.30$35.50—$330.0032.23%$29.00$32.1090
3120$28.20$30.7032.10%$340.00—$34.90$36.80112
3239$24.50$26.3031.92%$350.00—$40.20$42.803280
028$20.40$23.5031.92%$360.00—$46.50$49.7020
06$17.30$20.1031.71%$370.00—————
021$14.70$17.2031.62%$380.00—$60.50$64.3020
025$10.20$12.0031.04%$400.00—$76.60$79.9020
03$7.40$11.1030.87%$410.00—————
12$3.60$5.8029.55%$440.00—————

Forward $333.44. The 25-delta put carries +1.71 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 31.70%±98.38skew +2.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$97.50$101.50—$240.0034.19%$4.90$7.8030
07$90.50$93.50—$250.0033.68%$6.00$9.9051
—————$260.0033.13%$8.20$11.4060
02$75.50$78.50—$270.0033.09%$10.70$14.00400
012$67.50$71.50—$280.0032.61%$14.20$15.602310
02$61.00$65.00—$290.0032.62%$16.00$20.50110
03$55.00$59.20—$300.0031.88%$19.30$23.20220
013$49.00$53.50—$310.0032.03%$23.30$27.802500
072$44.30$48.00—$320.0032.15%$28.00$32.5050
0137$39.50$43.00—$330.00—————
01$34.00$38.7032.08%$340.00—$39.00$42.00130
017$30.00$34.0031.70%$350.00—$44.00$48.0050
014$26.00$30.7031.62%$360.00—$50.30$54.0030
025$23.00$27.0031.50%$370.00—————
040$19.60$24.0031.22%$380.00—$63.80$68.00490
02$17.00$21.0031.03%$390.00—————
010$14.80$18.7031.08%$400.00—————
0171$12.40$16.5030.84%$410.00—————
08$10.30$14.5030.59%$420.00—————
05$8.80$13.0030.68%$430.00—————
010$7.90$11.0030.63%$440.00—————

Forward $335.69. The 25-delta put carries +2.03 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.