Options Skew Analytics

T option chain

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

Data as of 23 September 2026 (end of day)

2026-10-02(9 days)ATM 24.56%±0.98skew +1.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$6.35$6.75—$19.00—————
03$5.00$6.20—$19.50—————
02$4.45$5.65—$20.00—————
0201$3.95$5.40—$20.50—————
046$3.45$4.65—$21.00—————
04$3.00$4.85—$21.50—————
2236$3.20$3.65—$22.00—————
22$2.60$3.15—$22.50—————
69363$2.39$2.59—$23.00—————
99$1.85$2.15—$23.50—————
11100$1.38$1.67—$24.0026.43%$0.03$0.051,556220
15229$0.95$1.26—$24.5025.10%$0.08$0.112,1741,041
971,460$0.58$0.65—$25.0024.68%$0.20$0.2477957
7571,198$0.33$0.3624.53%$25.50—$0.42$0.461,709119
1,267912$0.13$0.1823.67%$26.00—$0.73$0.8028655
3726,985$0.05$0.0924.63%$26.50—$1.07$1.2523315
8710,787$0.02$0.0526.56%$27.00—$1.35$1.71153
—————$27.50—$2.04$2.211816
—————$28.00—$2.39$3.6040
—————$28.50—$2.85$4.1070
—————$30.00—$4.35$5.6020

Forward $25.40. The 25-delta put carries +1.43 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 25.88%±1.37skew -0.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$8.45$10.55—$16.00—————
022$8.20$8.50—$17.00—————
02$6.35$9.50—$18.00—————
024$5.35$7.60—$19.00—————
01$3.50$5.05—$21.00—————
23$3.20$4.15—$22.00—————
28$2.60$3.95—$22.50—————
2622$1.84$2.20—$23.50—————
1114$1.36$1.79—$24.0025.94%$0.09$0.1515534
0247$1.01$1.30—$24.5025.66%$0.21$0.2556522
29438$0.69$0.77—$25.0025.53%$0.37$0.441,41533
272995$0.42$0.4826.02%$25.50—$0.63$0.701,125166
211475$0.24$0.2925.72%$26.00—————
92717$0.12$0.1825.92%$26.50—————
—————$27.00—$1.36$2.041,5201
—————$27.50—$1.87$2.642,113532
—————$28.00—$2.29$3.454,6140
—————$28.50—$2.85$4.005,5140
—————$29.00—$3.20$4.351,7530
—————$29.50—$3.70$5.253,1320
—————$30.00—$4.30$6.6530

Forward $25.28. The 25-delta put carries -0.26 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 25.42%±1.61skew +2.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$6.60$8.75—$18.00—————
098$5.70$7.70—$19.00—————
0880$4.55$5.90—$20.0045.64%$0.01$0.033,9382
01,711$3.90$5.30—$21.00—————
32,749$3.25$3.90—$22.0030.28%$0.01$0.0410,4713
224,089$2.38$2.70—$23.0028.66%$0.06$0.108,279105
—————$23.5027.10%$0.11$0.1416124
1116,381$1.46$1.75—$24.0026.43%$0.20$0.227,96392
22$1.02$1.16—$24.5026.11%$0.33$0.36633346
1,04511,175$0.75$0.81—$25.0026.03%$0.52$0.569,1861,157
153260$0.50$0.5224.90%$25.50—$0.77$0.823228
27718,186$0.30$0.3324.30%$26.00—$1.03$1.153,76425
1971,227$0.17$0.2024.05%$26.50—$1.29$1.65270
1,99523,474$0.10$0.1224.44%$27.00—$1.70$2.015630
996180$0.05$0.0724.50%$27.50—————
1288,009$0.03$0.0525.84%$28.00—$2.62$2.9639110
262,792$0.01$0.0328.70%$29.00—$3.55$3.951560
—————$30.00—$3.75$5.65150
—————$31.00—$4.45$6.55390
—————$32.00—$5.50$7.7040
—————$33.00—$6.40$8.7030

Forward $25.24. The 25-delta put carries +2.38 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 29.78%±2.15skew +1.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$9.30$12.50—$15.00—————
05$8.30$11.45—$16.00—————
014$7.30$10.45—$17.00—————
08$6.30$9.50—$18.00—————
01$5.30$8.50—$19.00—————
01$2.30$3.35—$22.50—————
41$2.40$2.79—$23.0031.37%$0.15$0.20541
22$1.79$2.35—$23.5031.18%$0.25$0.299347
7429$1.59$1.72—$24.0030.59%$0.37$0.4119672
076$1.24$1.37—$24.5030.10%$0.53$0.571,0744
3182$0.92$0.99—$25.0029.86%$0.74$0.783053
25409$0.69$0.7429.71%$25.50—$0.99$1.042,2695
1023,255$0.49$0.5329.19%$26.00—$1.29$1.34920
74898$0.33$0.3828.92%$26.50—$1.61$1.724410
30960$0.22$0.2628.74%$27.00—$1.99$2.20250
2537,464$0.16$0.1929.62%$27.50—$2.23$2.871081
5269$0.09$0.1128.49%$28.00—————
56137$0.04$0.0730.66%$29.00—————
60122$0.01$0.0431.48%$30.00—$4.40$5.75160

Forward $25.20. The 25-delta put carries +1.67 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 28.96%±2.33skew +2.80
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
261$2.42$2.92—$23.0030.79%$0.18$0.2596720
21$1.88$2.42—$23.5030.92%$0.27$0.381947
220$1.62$1.76—$24.0030.31%$0.39$0.5118026
01$1.28$1.39—$24.5030.56%$0.60$0.671,0421,002
1946$1.00$1.12—$25.0029.35%$0.74$0.89417
171$0.74$0.8728.86%$25.50—$0.98$1.14305
40129$0.54$0.6628.63%$26.00—$1.29$1.421470
15428$0.39$0.4628.04%$26.50—$1.64$1.7720
70316$0.27$0.3428.12%$27.00—$2.02$2.162552
2244$0.19$0.2327.98%$27.50—$2.21$2.58670
—————$28.00—$2.40$3.103500
—————$29.00—$3.60$4.8010
15$0.02$0.0630.47%$30.00—$4.40$5.8010
—————$30.50—$4.40$7.25570

Forward $25.25. The 25-delta put carries +2.80 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 28.14%±2.83skew +1.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
120$12.30$15.15—$12.00—————
21$12.10$12.95—$13.00—————
01$10.30$12.45—$14.00—————
03$9.60$11.70—$15.00—————
02$8.60$10.50—$16.00—————
02$4.30$6.70—$20.0033.04%$0.03$0.06644
01$4.15$4.70—$21.00—————
226$3.40$3.75—$22.0030.40%$0.16$0.20878130
17705$2.45$2.94—$23.0029.30%$0.32$0.351,01145
2756$1.82$1.97—$24.0028.67%$0.58$0.622,080199
1051,677$1.22$1.29—$25.0028.30%$0.98$1.025,519174
1714,553$0.77$0.8327.95%$26.00—$1.52$1.562,39337
2605,170$0.47$0.4927.72%$27.00—$2.05$2.371462
5239,335$0.27$0.2927.88%$28.00—$2.70$3.102070
2167,977$0.13$0.1827.98%$29.00—$3.70$4.55120
52,295$0.07$0.1128.65%$30.00—$4.60$5.001320
—————$31.00—$5.55$6.5040
—————$32.00—$5.50$7.7550
—————$33.00—$6.45$8.6530
—————$34.00—$7.45$9.7090

Forward $25.26. The 25-delta put carries +1.58 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 26.34%±3.24skew +2.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$9.80$12.15—$15.00—————
01$8.75$9.75—$16.00—————
048$7.60$9.70—$17.00—————
0133$6.30$8.75—$18.0036.02%$0.01$0.061,4730
0391$5.95$7.20—$19.0032.43%$0.03$0.061,1971
0662$5.35$5.70—$20.00—————
02,836$4.40$4.75—$21.0030.83%$0.14$0.205,4413
34,598$3.50$3.75—$22.0028.98%$0.25$0.295,070478
344,920$2.75$3.20—$23.0028.37%$0.45$0.4815,35258
256,345$1.97$2.20—$24.0027.62%$0.73$0.762,68259
166,732$1.45$1.51—$25.0026.95%$1.12$1.158,213400
16420,229$0.97$1.0026.05%$26.00—$1.64$1.691,1354
24815,510$0.63$0.6726.09%$27.00—$2.17$2.363,2100
1724,797$0.38$0.4125.65%$28.00—$2.87$3.1512910
742,791$0.23$0.2826.23%$29.00—$3.75$4.55240
539,051$0.14$0.1726.44%$30.00—$4.65$5.008020
10565$0.07$0.1126.50%$31.00—$5.55$6.45170
182,840$0.05$0.0727.38%$32.00—$6.40$7.35110
—————$33.00—$7.15$8.8580
—————$34.00—$7.45$9.8540
01,653$0.01$0.0430.94%$35.00—$8.60$10.6510

Forward $25.35. The 25-delta put carries +2.72 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 26.47%±3.74skew +2.28
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$10.75$13.20—$14.00—————
0181$9.80$10.80—$15.00—————
07$8.60$10.30—$16.00—————
057$7.65$9.25—$17.00—————
0622$7.25$7.80—$18.0033.06%$0.03$0.075,3802
0224$5.95$6.70—$19.0031.24%$0.07$0.091,2954
711,093$5.40$5.70—$20.0029.93%$0.11$0.1612,1116
010,069$4.45$4.85—$21.0029.38%$0.22$0.2611,75411
35,593$3.65$3.90—$22.0028.81%$0.38$0.4217,36979
204,061$2.73$2.99—$23.0027.87%$0.60$0.632,484261
24,585$2.18$2.29—$24.0027.32%$0.91$0.952,477100
2422,590$1.60$1.67—$25.0026.92%$1.33$1.3722,72076
484,561$1.12$1.1826.16%$26.00—$1.86$1.921,36353
24723,864$0.77$0.8125.83%$27.00—$2.25$2.568,74515
1062,256$0.50$0.5525.59%$28.00—$2.95$3.35475
2346,982$0.32$0.3625.47%$29.00—$3.85$4.60400
3351,782$0.20$0.2325.41%$30.00—$4.70$5.052,3020
2384$0.13$0.1625.93%$31.00—$5.50$6.0020
9211,573$0.09$0.1126.56%$32.00—$6.60$7.35920
0116$0.05$0.0927.22%$33.00—$7.55$8.4560
207,860$0.04$0.0730.57%$35.00—$8.50$10.7030

Forward $25.29. The 25-delta put carries +2.28 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.