Options Skew Analytics

T option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 29.60%±0.67skew +2.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
204$6.50$6.80—$15.00—————
191$5.40$5.85—$16.00—————
142$4.55$4.85—$17.00—————
466$3.55$3.85—$18.00—————
10108$2.59$2.75—$19.00—————
229$2.02$2.31—$19.50—————
17269$1.54$1.83—$20.00—————
5678$1.09$1.35—$20.5034.76%$0.01$0.031,19935
37645$0.72$0.86—$21.0031.35%$0.05$0.075,134672
4081,596$0.36$0.39—$21.5029.89%$0.17$0.202,894528
4,55311,633$0.13$0.1529.25%$22.00—$0.43$0.49716289
1,4982,801$0.03$0.0428.54%$22.50—$0.77$1.0320919
9641,523$0.01$0.0233.36%$23.00—$1.22$1.4754839
—————$23.50—$1.72$2.0313112
—————$24.00—$2.13$2.6222
—————$25.00—$2.75$3.9520
—————$25.50—$3.30$4.4030
—————$27.00—$5.20$5.5501
—————$28.00—$6.15$6.6508
—————$28.50—$6.65$7.0008
—————$29.00—$7.20$7.5002

Forward $21.69. The 25-delta put carries +2.10 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 29.08%±1.10skew +1.05
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
90$10.50$10.85—$11.00—————
90$9.50$9.90—$12.00—————
02$6.45$8.65—$15.00—————
04$5.45$6.50—$16.00—————
049$3.45$5.00—$18.00—————
6106$2.69$2.80—$19.00—————
0—$1.99$2.60—$19.5035.09%$0.01$0.03—2
64333$1.64$1.87—$20.0032.73%$0.03$0.056,70269
3540$1.17$1.41—$20.5030.45%$0.07$0.091,78287
5811,956$0.86$0.90—$21.0029.31%$0.16$0.184,154639
1042,019$0.53$0.56—$21.5029.30%$0.32$0.371,573152
5913,705$0.29$0.3128.67%$22.00—$0.57$0.6213,528207
2731,876$0.13$0.1628.26%$22.50—$0.92$1.041,31818
2166,138$0.05$0.0727.83%$23.00—$1.30$1.473,22641
4432,617$0.01$0.0327.18%$23.50—$1.69$1.991,7864
—————$24.00—$2.24$2.391,87430
—————$24.50—$2.56$3.4540
—————$25.00—$3.20$3.603590
—————$26.00—$4.15$4.75890
—————$28.00—$6.15$6.7520
—————$32.00—$10.10$11.3501

Forward $21.70. The 25-delta put carries +1.05 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 27.04%±1.30skew +2.54
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$10.50$10.90—$11.00—————
01$8.95$10.50—$12.00—————
018$7.55$9.65—$13.00—————
05$6.95$8.45—$14.00—————
02$5.45$8.70—$15.00—————
062$2.59$4.10—$19.00—————
—————$19.5032.72%$0.03$0.065092
2254$1.60$1.91—$20.0030.44%$0.06$0.094883
2,164279$1.30$1.44—$20.5030.13%$0.14$0.16667198
1697$0.94$1.04—$21.0028.39%$0.23$0.271,059248
42671$0.62$0.67—$21.5027.47%$0.39$0.452,52791
84433$0.37$0.4126.67%$22.00—$0.64$0.7051639
908,118$0.19$0.2325.85%$22.50—$0.97$1.212296
1812,472$0.10$0.1125.59%$23.00—$1.24$1.6213720
47449$0.04$0.0726.36%$23.50—$1.69$2.0610436
25906$0.01$0.0325.40%$24.00—$2.13$2.62204
12,461$0.01$0.0333.57%$25.00—$2.90$3.8010
—————$25.50—$3.65$5.0501
—————$26.50—$4.75$5.8503
—————$30.00—$7.05$10.0501

Forward $21.73. The 25-delta put carries +2.54 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 26.43%±1.50skew +3.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$8.45$11.75—$12.00—————
08$7.75$10.80—$13.00—————
025$6.95$9.45—$14.00—————
014$5.45$8.80—$15.00—————
01$2.20$3.60—$19.00—————
05$1.95$2.90—$19.5033.27%$0.06$0.128310
03$1.35$2.12—$20.0030.42%$0.11$0.143823
02$1.33$1.55—$20.5028.70%$0.18$0.2110945
1303$1.03$1.14—$21.0027.98%$0.30$0.3421419
9160$0.71$0.76—$21.5026.86%$0.47$0.513213
55542$0.46$0.5026.28%$22.00—$0.72$0.7613110
41813$0.28$0.3226.18%$22.50—$1.03$1.3242
836,207$0.15$0.1825.41%$23.00—$1.32$1.5852
2912$0.08$0.1025.41%$23.50—$1.70$2.17111
7319$0.04$0.0525.27%$24.00—$2.16$3.001311
123$0.01$0.0425.97%$24.50—————

Forward $21.75. The 25-delta put carries +3.29 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 27.60%±1.78skew +3.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$19.0031.06%$0.05$0.07101
—————$19.5030.54%$0.09$0.12802
21$1.74$2.10—$20.0029.39%$0.15$0.18296
06$1.49$1.61—$20.5029.59%$0.25$0.312424
01$1.12$1.20—$21.0027.76%$0.36$0.431855
361$0.80$0.87—$21.5028.19%$0.54$0.681291
22112$0.54$0.6027.14%$22.00—$0.79$0.8982
10779$0.35$0.4026.65%$22.50—$1.09$1.2221
1569$0.22$0.2426.07%$23.00—$1.46$1.5813
—————$23.50—$1.71$2.05250
22153$0.07$0.1026.35%$24.00—————
19108$0.02$0.0524.66%$24.50—————

Forward $21.73. The 25-delta put carries +3.52 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 27.03%±1.92skew +2.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0111$10.45$11.00—$11.00—————
06$9.25$10.05—$12.00—————
011$8.45$9.00—$13.00—————
01$7.55$8.00—$14.00—————
04$6.50$7.05—$15.00—————
0104$4.50$5.05—$17.0039.24%$0.02$0.031,7575
056$3.65$4.00—$18.0034.23%$0.03$0.052,02722
2204$2.66$2.97—$19.0031.97%$0.09$0.103,61017
6946$1.85$2.05—$20.0029.38%$0.19$0.227,294185
2724,351$1.20$1.29—$21.0028.19%$0.44$0.478,426278
1,4098,396$0.64$0.6826.92%$22.00—$0.86$0.908,518300
7477,235$0.30$0.3226.50%$23.00—$1.50$1.6517,07042
16312,243$0.12$0.1326.20%$24.00—$2.24$2.623,2781
71113,685$0.05$0.0627.34%$25.00—$3.15$3.604,0421
6221,293$0.02$0.0328.64%$26.00—$4.05$4.604090
2915,650$0.01$0.0231.02%$27.00—$5.05$5.602230
1524,801$0.01$0.0235.38%$28.00—————
—————$30.00—$8.15$8.65350
—————$32.00—$10.15$11.1021

Forward $21.78. The 25-delta put carries +2.88 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 27.67%±2.12skew +2.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$4.20$5.40—$17.00—————
—————$19.5031.14%$0.15$0.2136
—————$20.0029.04%$0.22$0.2512
—————$20.5029.04%$0.33$0.3901
—————$21.0028.12%$0.46$0.54024
—————$21.5027.02%$0.65$0.70022
40$0.68$0.8227.74%$22.00—$0.88$1.0245
5110$0.47$0.5426.13%$22.50—$1.18$1.3301
8810$0.34$0.3826.38%$23.00—————
10$0.21$0.2826.35%$23.50—————
2510$0.14$0.1725.94%$24.00—————
30$0.01$0.0625.66%$25.50—————
04$0.01$0.0426.55%$26.00—————
44$0.01$0.0327.85%$26.50—————

Forward $21.80. The 25-delta put carries +2.69 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 28.15%±2.61skew +3.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$9.35$10.00—$12.00—————
09$8.55$9.00—$13.00—————
0159$6.60$6.95—$15.0043.48%$0.01$0.054,1622
02$5.45$6.15—$16.0041.67%$0.03$0.094931
031$4.65$5.00—$17.0034.64%$0.05$0.073,6977
0168$3.70$4.05—$18.0032.13%$0.10$0.125,79972
1223$2.79$3.10—$19.00—————
6611,902$2.11$2.23—$20.0029.36%$0.39$0.4317,52695
2211,535$1.38$1.46—$21.0028.66%$0.72$0.7516,17885
26921,433$0.87$0.9028.02%$22.00—$1.18$1.2320,34779
8115,809$0.47$0.5026.63%$23.00—$1.81$1.933,11220
40411,958$0.24$0.2525.93%$24.00—$2.52$2.783,1593
9728,583$0.12$0.1326.17%$25.00—$3.40$3.6023,43326
1398,621$0.06$0.0726.78%$26.00—$4.30$4.601,4400
5424,351$0.03$0.0427.59%$27.00—$5.25$5.508,6759
662,809$0.02$0.0329.59%$28.00—$6.20$6.55401
106,986$0.01$0.0230.59%$29.00—$7.20$7.65340
11251,278$0.01$0.0233.58%$30.00—$8.20$8.551,4755
0491$0.01$0.0236.42%$31.00—————
611,568$0.01$0.0239.15%$32.00—$10.05$10.6080
—————$35.00—$12.15$14.5520

Forward $21.68. The 25-delta put carries +3.43 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.

T option chain | Options Skew Analytics