Options Skew Analytics

TEL 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 32.10%±17.34skew +1.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$63.00$67.10—$150.00—————
01$53.00$56.90—$160.00—————
01$29.60$32.30—$185.00—————
0157$24.10$27.40—$190.0035.66%$0.55$0.802322
0119$20.00$22.40—$195.0033.78%$0.90$1.20359
0168$15.30$18.10—$200.0033.90%$1.65$2.15817
8166$9.20$10.30—$210.0032.65%$4.10$5.2011569
8331$4.30$5.3031.93%$220.00—$9.10$10.10572
0214$1.70$2.4532.25%$230.00—$15.70$18.70360
2281$0.70$0.9533.02%$240.00—$24.60$27.001000

Forward $215.19. The 25-delta put carries +1.65 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 38.93%±33.43skew +0.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$93.40$97.50—$120.00—————
04$69.10$72.10—$145.00—————
124$64.30$67.20—$150.00—————
04$54.60$57.90—$160.00—————
010$50.00$53.00—$165.00—————
01$40.50$43.70—$175.0041.57%$1.30$1.90111
04$36.10$39.40—$180.00—————
03$32.00$34.70—$185.0039.42%$2.50$3.00891
016$28.20$30.90—$190.0039.44%$3.40$4.20350
064$24.90$26.70—$195.0039.05%$4.60$5.40950
083$21.30$23.20—$200.0040.01%$6.10$7.607240
0166$15.10$16.60—$210.0038.31%$9.90$10.801896
661$10.40$12.1039.00%$220.00—$14.90$16.70450
7131$6.60$8.3038.33%$230.00—$21.20$23.0030
5179$4.60$5.3038.64%$240.00—$28.40$30.4040
17438$2.80$3.7039.09%$250.00—————
140$1.85$2.9040.99%$260.00—————

Forward $215.42. The 25-delta put carries +0.41 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 37.23%±39.02skew +1.78
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$93.50$97.50—$120.00—————
05$83.60$87.50—$130.00—————
01$73.80$78.00—$140.00—————
03$64.50$67.50—$150.00—————
01$60.00$62.90—$155.00—————
08$55.30$58.00—$160.00—————
01$50.40$53.40—$165.00—————
09$45.90$48.90—$170.00—————
09$41.70$44.20—$175.0038.01%$1.80$2.70461
05$37.30$40.20—$180.00—————
04$33.30$36.10—$185.0038.58%$3.40$5.101480
023$30.00$32.10—$190.0038.21%$4.50$6.301270
07$26.30$28.60—$195.0038.26%$6.00$7.80270
023$23.10$25.20—$200.0036.80%$7.60$8.602921
061$17.40$19.20—$210.0036.64%$11.60$12.80560
268180$12.80$14.4037.23%$220.00—$16.60$18.70350
0192$9.00$10.5036.91%$230.00—$22.70$25.20540
119$6.40$7.5037.03%$240.00—$30.00$33.00170
070$3.70$5.6036.48%$250.00—$37.40$40.1010
—————$260.00—$46.20$49.0080

Forward $215.91. The 25-delta put carries +1.78 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 35.97%±43.47skew +0.98
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$74.70$78.10—$140.00—————
05$70.00$73.40—$145.00—————
05$65.20$68.20—$150.00—————
02$56.00$58.80—$160.00—————
06$51.40$54.50—$165.00—————
03$47.10$49.90—$170.00—————
05$42.80$46.20—$175.00—————
04$38.70$41.60—$180.00—————
01$34.80$37.60—$185.0036.56%$4.00$6.30120
033$31.10$33.90—$190.0036.12%$5.10$7.60670
015$27.70$30.50—$195.0035.95%$6.50$9.20510
054$24.40$26.90—$200.0036.21%$8.60$10.901190
159$19.10$21.00—$210.0035.90%$13.00$14.80920
12854$14.60$16.3035.98%$220.00—$18.00$20.30820
0334$10.90$12.1035.62%$230.00—$23.90$26.50270
0142$8.00$9.0035.59%$240.00—————
1530$5.00$6.9034.98%$250.00—————
079$3.50$5.1035.17%$260.00—————
—————$270.00—$55.80$58.5020
044$1.80$2.7035.82%$280.00—————
09$1.30$2.0536.42%$290.00—————

Forward $216.25. The 25-delta put carries +0.98 volatility points over the 25-delta call.

2027-02-19(149 days)ATM 35.86%±49.80skew +1.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$175.0039.62%$4.40$6.1045
—————$180.0037.21%$5.20$6.0019
01$37.20$40.10—$185.0037.16%$6.50$7.3010
015$33.70$36.60—$190.0037.13%$8.00$8.8057
03$30.40$32.90—$195.0036.91%$9.60$10.401212
020$27.00$30.10—$200.0036.29%$10.90$12.30102
123$21.80$24.40—$210.0036.71%$15.70$16.70228
20100$17.80$19.1036.08%$220.00—$20.20$21.9070
033$13.30$15.2035.51%$230.00—————
04$10.20$12.0035.57%$240.00—————
—————$260.00—$48.60$50.9050
01$4.40$5.8036.11%$270.00—————
05$1.80$2.6536.51%$300.00—————

Forward $217.35. The 25-delta put carries +1.03 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.

TEL option chain | Options Skew Analytics