Options Skew Analytics

SYK option chain

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

Data as of 23 September 2026 (end of day)

2026-10-16(23 days)ATM 31.18%±21.31skew -0.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$31.80$34.30—$240.0033.79%$0.50$0.805412
035$22.50$25.10—$250.0031.90%$1.30$1.7516331
08$15.90$17.40—$260.0029.80%$3.00$3.5030631
8193$9.40$10.00—$270.0031.39%$6.40$8.4039116
24783$4.80$5.4030.40%$280.00—$11.70$12.301606
14233$2.20$2.6530.23%$290.00—$18.90$21.201961
37509$0.85$1.1529.95%$300.00—$27.50$30.10820
—————$310.00—$37.10$39.60530
—————$320.00—$46.60$49.401110
—————$330.00—$56.50$59.40650
—————$340.00—$66.50$69.4030
—————$350.00—$76.50$79.3050

Forward $272.31. The 25-delta put carries -0.43 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 33.13%±36.23skew +1.93
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$220.0037.30%$0.90$1.307856
—————$230.0036.83%$1.60$2.5060
—————$240.0034.70%$2.85$3.40135
—————$250.0034.28%$5.00$5.50823
—————$260.0033.79%$8.00$8.501631
115$16.30$16.90—$270.0033.39%$12.00$12.60457
85$11.50$12.1033.00%$280.00—$17.30$17.9050
625$7.70$8.4032.62%$290.00—$23.40$25.3021
479$5.00$5.6032.35%$300.00—$30.70$33.00120
4140$3.10$3.6032.08%$310.00—$38.60$41.6011
119$1.70$2.2031.45%$320.00—————

Forward $274.33. The 25-delta put carries +1.93 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 32.15%±42.93skew +1.98
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$63.80$66.70—$210.00—————
02$54.60$57.30—$220.00—————
02$45.70$48.50—$230.0034.37%$2.60$3.40781
02$37.80$40.50—$240.0033.71%$4.50$4.901191
018$30.20$33.20—$250.0033.15%$6.90$7.307044
05$23.90$26.60—$260.0032.74%$10.10$10.602176
047$19.20$19.90—$270.0032.38%$14.20$14.801660
543$14.50$15.0032.10%$280.00—$19.30$19.902767
192$10.40$11.1031.64%$290.00—$24.70$26.003550
5226$6.60$8.0030.57%$300.00—$31.70$34.402610
9102$5.00$5.7031.17%$310.00—$39.90$42.601420
6244$3.40$4.0031.16%$320.00—$48.40$51.201030
1431,872$2.00$2.6530.48%$330.00—$57.70$60.201020
—————$340.00—$67.20$69.70770
—————$350.00—$77.00$79.501680
—————$360.00—$86.50$89.40180
—————$370.00—$96.50$99.3050
—————$380.00—$106.50$109.3060

Forward $275.10. The 25-delta put carries +1.98 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 32.45%±49.71skew +0.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
014$97.90$100.80—$175.00—————
01$83.40$86.50—$190.00—————
016$74.00$77.40—$200.00—————
02$64.70$67.80—$210.00—————
01$55.80$58.40—$220.00—————
01$47.30$50.00—$230.0033.67%$3.30$5.50271
06$39.30$42.10—$240.0033.51%$5.90$7.40770
018$32.40$34.90—$250.0031.78%$8.60$9.0046220
07$25.40$28.10—$260.0031.32%$12.00$12.50710
0108$19.80$22.30—$270.0031.71%$15.80$18.201730
1159$16.70$17.3032.48%$280.00—$21.40$22.001310
060$12.70$13.3032.06%$290.00—$27.30$27.901160
2232$9.00$10.7031.88%$300.00—$33.20$36.502850
0112$6.90$7.5031.44%$310.00—$41.50$43.901340
35337$5.00$5.4031.15%$320.00—$49.50$51.908020
5402$3.60$3.9031.07%$330.00—$58.10$60.60590
2259$2.15$3.2031.02%$340.00—$67.50$70.105550
—————$350.00—$76.80$79.706560
—————$360.00—$86.80$89.402090
—————$370.00—$96.70$99.307880
—————$380.00—$105.50$109.301500

Forward $274.10. The 25-delta put carries +0.34 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 32.37%±62.45skew +1.31
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$76.60$79.60—$200.00—————
02$67.90$70.80—$210.00—————
01$59.70$62.50—$220.00—————
05$52.00$54.80—$230.0034.73%$6.30$8.80120
02$44.80$47.30—$240.0032.53%$8.30$9.90420
012$38.00$41.00—$250.0032.80%$12.00$13.10460
010$32.40$34.80—$260.0032.61%$15.90$16.80290
117$26.90$28.50—$270.0032.64%$20.50$21.40530
227$22.20$23.9032.36%$280.00—$25.60$26.30934
1059$18.00$20.2032.39%$290.00—$30.10$32.00321
1361$14.70$15.9031.86%$300.00—$37.20$38.902210
1317$11.60$13.0031.68%$310.00—$44.70$46.60620
369$9.10$10.2031.29%$320.00—$51.70$54.40800
7101$5.90$9.4031.22%$330.00—$60.20$62.501190
2109$5.30$6.5030.93%$340.00—$68.60$71.20670
—————$350.00—$77.90$80.4050
—————$360.00—$87.30$89.9010
—————$380.00—$106.50$109.4090

Forward $277.04. The 25-delta put carries +1.31 volatility points over the 25-delta call.

2027-06-17(267 days)ATM 31.62%±75.59skew +2.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$106.10$108.60—$170.00—————
03$101.60$104.10—$175.00—————
04$79.90$82.70—$200.0033.75%$3.40$4.6040
03$64.10$66.80—$220.0034.07%$6.60$9.50160
01$56.80$59.80—$230.0033.14%$8.90$11.30300
—————$240.0032.94%$11.70$14.40140
05$43.50$46.80—$250.0032.81%$15.10$18.0050
01$37.90$40.50—$260.0032.55%$19.00$21.90300
01$32.60$35.70—$270.0032.39%$23.40$26.50150
09$28.10$30.9032.28%$280.00—$28.50$31.5050
02$23.20$26.5031.62%$290.00—$34.10$37.5040
13$19.60$22.5031.37%$300.00—$40.10$43.70200
03$16.20$19.3031.18%$310.00—$47.20$50.1050
011$12.90$16.7030.91%$320.00—$54.40$57.5060
020$10.50$13.7030.47%$330.00—$62.10$65.0090
0118$8.60$11.5030.38%$340.00—$70.10$73.2090
08$6.70$9.8030.21%$350.00—$78.80$81.703260
—————$360.00—$87.80$90.7020

Forward $279.48. The 25-delta put carries +2.57 volatility points over the 25-delta call.

2027-09-17(359 days)ATM 31.58%±88.39skew +3.05
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$175.0034.30%$2.00$3.20110
—————$210.0034.37%$6.80$10.0070
04$68.40$71.50—$220.0033.89%$9.10$12.1010
01$61.50$65.00—$230.00—————
—————$240.0032.89%$14.80$17.3010
07$49.00$52.50—$250.0032.81%$18.10$21.4020
—————$260.0032.44%$22.10$25.1030
01$38.80$42.00—$270.0032.43%$26.50$30.00360
033$33.90$37.00—$280.0032.44%$31.70$35.0010
—————$290.00—$37.30$41.3030
03$24.80$28.5031.43%$300.00—$42.80$47.2080
01$21.30$25.0031.23%$310.00—$50.00$53.502500
044$18.10$22.0031.05%$320.00—$56.30$60.5020
010$15.30$19.0030.74%$330.00—————
01$12.80$16.0030.24%$340.00—————
015$10.60$13.9030.05%$350.00—————
07$8.50$12.2029.83%$360.00—————
08$7.20$10.2029.62%$370.00—————
—————$380.00—$107.00$110.50550

Forward $282.19. The 25-delta put carries +3.05 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.