Options Skew Analytics

TER 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 63.68%±38.78skew -3.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$34.90$39.80—$355.00—————
—————$357.5065.15%$3.70$5.5013
047$29.90$35.80—$360.00—————
010$26.30$32.10—$365.00—————
02$25.40$29.20—$367.5065.57%$6.50$8.3003
1139$24.10$26.80—$370.0066.39%$7.30$9.5084
03$21.30$26.90—$372.5066.21%$8.00$10.5020
111$19.70$25.00—$375.0065.54%$9.20$10.9051
14$19.10$22.20—$377.50—————
032$18.90$22.80—$380.0065.41%$11.10$13.10323
40$15.40$19.50—$382.50—————
554$16.40$18.10—$385.0067.78%$13.00$17.00190
31$15.10$18.60—$387.50—————
68$11.80$17.0063.51%$390.00—$14.80$18.30111
08$11.10$14.6061.70%$392.50—————
210$11.90$15.0068.54%$395.00—$18.00$20.9051
06$8.40$13.3061.82%$397.50—$19.20$22.4020
3663$9.50$11.6064.48%$400.00—$20.70$26.0040
—————$405.00—$23.60$27.5050
—————$410.00—$28.50$33.2010
2272$4.80$7.1069.39%$420.00—$34.40$41.7010

Forward $387.85. The 25-delta put carries -3.82 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 66.02%±53.51skew -5.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$41.30$46.40—$350.0061.24%$5.10$6.503331
—————$352.5059.28%$4.90$7.0031
3219$37.60$42.40—$355.0061.60%$6.50$7.80241
—————$357.5058.24%$5.40$8.6030
02$34.10$39.70—$360.0061.04%$7.60$9.30141
01$32.80$36.50—$362.50—————
01$31.20$35.30—$365.0060.40%$8.70$11.1040
01$29.10$33.90—$367.50—————
07$27.60$32.40—$370.0061.86%$11.40$12.9091
01$26.10$30.30—$372.50—————
78$25.80$27.60—$375.0062.23%$13.50$15.1080
02$21.90$26.50—$380.0061.94%$15.80$17.1042
11$20.70$23.80—$382.50—————
713$20.10$22.30—$385.0062.59%$18.00$20.2010
711$19.00$21.0066.15%$390.00—————
012$16.50$18.0064.32%$395.00—$22.20$25.5030
08$14.90$16.0064.87%$400.00—$26.30$28.4043
01$11.60$15.3064.24%$405.00—$29.00$33.3053
0221$11.20$12.6064.51%$410.00—————
15$10.00$11.3065.28%$415.00—————
0160$7.70$10.1063.79%$420.00—————

Forward $387.10. The 25-delta put carries -5.55 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 65.66%±63.97skew +0.75
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$345.0064.54%$7.40$8.70153
2307$44.60$49.60—$350.0064.49%$8.80$10.0066522
—————$352.5066.94%$9.20$12.602390
01$41.60$46.10—$355.0066.64%$10.00$13.2010
9217$38.60$42.80—$360.0064.54%$12.00$13.2041014
21$33.60$40.50—$365.0066.60%$12.90$17.40510
9329$31.20$37.00—$370.0064.77%$15.80$17.205238
01$30.50$35.60—$372.50—————
62$30.40$32.70—$375.0064.89%$18.00$19.4011
0270$26.00$31.50—$380.0065.51%$19.20$23.301050
02$24.40$30.20—$382.50—————
03$23.60$28.60—$385.0066.21%$22.10$25.9020
2397$23.60$25.8065.98%$390.00—$24.70$28.403440
188$20.40$24.3065.58%$395.00—————
43423$19.60$21.0065.57%$400.00—$30.50$34.802901
66$17.70$19.1065.57%$405.00—————
2174$16.10$17.3065.73%$410.00—$36.90$41.30160
231$12.10$16.7063.89%$415.00—$39.60$43.8004
0247$12.50$15.1066.35%$420.00—$43.20$47.00750
1033$9.70$13.8064.42%$425.00—$46.70$52.3040
10288$10.40$11.8066.19%$430.00—$50.50$54.70100

Forward $388.15. The 25-delta put carries +0.75 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 64.25%±71.40skew -1.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$58.20$64.40—$335.0063.78%$7.10$8.7033
020$54.00$60.20—$340.0063.59%$8.30$9.90102
04$51.00$56.80—$345.0063.48%$9.60$11.3072
14$47.40$54.10—$350.0063.70%$11.40$12.70409
14$44.40$49.70—$355.0063.66%$12.70$14.70254
—————$360.0064.03%$14.90$16.4090
11$38.00$43.80—$365.0063.90%$16.80$18.30249
23$35.20$39.60—$370.0064.14%$18.90$20.6033
04$32.50$36.80—$375.0064.51%$21.20$23.101030
17$29.90$34.90—$380.0064.30%$23.50$25.4020
28$27.50$31.90—$385.0064.34%$26.10$27.9050
05$25.10$29.5064.30%$390.00—$28.70$30.601010
18$22.90$27.3064.24%$395.00—————
1199$20.80$25.2064.11%$400.00—$33.40$36.5001
040$21.30$23.5067.10%$405.00—————
115$17.60$21.5064.68%$410.00—————
02$15.20$19.9063.89%$415.00—————
025$13.50$18.5063.88%$420.00—————
029$12.50$17.1064.45%$425.00—————
01$11.00$15.6064.02%$430.00—————
0224$9.20$13.2064.70%$440.00—————

Forward $387.64. The 25-delta put carries -1.00 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 77.04%±94.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$64.30$71.20—$335.0076.85%$13.10$16.80192
03$61.00$68.00—$340.0074.70%$13.70$17.80307
01$58.00$64.50—$345.0076.11%$16.70$19.4035
02$55.00$60.20—$350.0076.92%$17.90$22.60181
03$52.90$57.60—$355.0077.09%$20.00$24.6010
03$50.20$55.20—$360.0074.21%$20.60$25.6073
11$46.00$51.50—$365.0077.43%$24.50$29.0001
07$43.00$48.80—$370.00—————
010$41.00$46.90—$375.0076.93%$29.30$33.2011
114$38.50$43.70—$380.00—————
14$36.00$41.40—$385.0077.21%$34.00$39.1032
21$33.00$38.9076.16%$390.00—————
015$31.00$37.8077.36%$395.00—$39.70$44.0051
118$29.00$35.3076.93%$400.00—$40.20$45.804100
04$27.00$32.9076.40%$405.00—————
219$25.70$31.0076.89%$410.00—————
02$24.00$29.4077.10%$415.00—————
12$22.00$27.9076.91%$420.00—$53.00$58.3010
05$20.40$25.6076.12%$425.00—————
03$19.00$25.5077.69%$430.00—————
01$17.50$22.8076.20%$435.00—————

Forward $387.16. Not enough surviving quotes on both wings to measure the skew here.

2026-11-20(58 days)ATM 72.49%±112.60skew -0.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
031$104.00$110.40—$290.0076.68%$7.20$10.801023
051$96.00$102.30—$300.0073.17%$9.30$10.6053418
036$88.20$94.70—$310.0073.11%$11.80$12.906282
0274$81.00$86.80—$320.0073.04%$14.50$15.701483
457$75.60$80.00—$330.0073.05%$17.60$18.9049028
6396$67.30$73.80—$340.0073.01%$21.20$22.303121
185$62.20$67.00—$350.0073.10%$25.10$26.301153
0118$57.40$62.20—$360.0073.22%$29.40$30.7024235
199$51.40$57.00—$370.0073.72%$34.30$35.701420
2104$47.40$51.60—$380.0073.50%$39.10$40.70841
135$42.80$47.2073.60%$390.00—$44.50$46.2067217
2384$38.60$42.9073.53%$400.00—$48.90$53.70230
0119$33.00$38.9072.04%$410.00—$55.60$59.3090
168$31.80$35.0073.69%$420.00—$60.60$66.70110
143$29.00$32.5074.71%$430.00—$68.70$72.8050
1574$26.80$28.3074.38%$440.00—$75.70$80.70180
11163$21.30$26.0072.38%$450.00—$83.00$86.90280
286$19.10$24.4073.38%$460.00—$90.40$95.70850
2129$17.00$22.2073.56%$470.00—$98.10$103.60140
1334$16.10$20.2074.69%$480.00—$105.70$109.9050
041$13.50$18.2073.84%$490.00—$114.20$119.6070

Forward $389.65. The 25-delta put carries -0.79 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 71.09%±134.91skew +0.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$280.0069.99%$8.80$10.20103
01$110.10$115.30—$290.0070.88%$11.00$13.20211
01$102.10$107.50—$300.0070.54%$13.70$15.3050390
—————$310.0070.60%$16.60$18.2022
—————$320.0070.77%$20.00$21.40191
02$82.20$87.00—$330.0070.96%$23.50$25.20220
18$76.70$80.70—$340.0070.37%$26.80$28.90214
09$71.00$74.90—$350.0070.77%$31.50$33.1044
129$64.90$69.50—$360.0070.89%$36.10$37.7061
1117$61.00$64.40—$370.0070.83%$40.90$42.5060
611$55.80$59.80—$380.0070.83%$46.10$47.6021
112$51.00$55.00—$390.0070.48%$50.40$53.7023
1112$48.30$50.3071.10%$400.00—————
010$44.10$47.2071.41%$410.00—————
16$39.60$43.5070.76%$420.00—————
04$36.90$40.9071.71%$430.00—————
84$34.40$36.5071.27%$440.00—————
02$31.80$33.2071.19%$450.00—————
02$25.60$32.3069.98%$460.00—————
017$21.50$26.8069.86%$480.00—————
23$18.70$22.7070.72%$500.00—————

Forward $390.96. The 25-delta put carries +0.25 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 69.21%±151.54skew +0.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0163$114.70$119.30—$290.0068.54%$14.70$16.4010137
0176$107.60$113.00—$300.0069.10%$17.40$20.107183
134$100.60$105.90—$310.0069.17%$20.40$23.601690
2223$95.30$98.90—$320.0068.71%$24.40$26.005611
064$88.50$93.10—$330.0068.08%$27.40$29.702810
0118$82.30$86.80—$340.0068.60%$32.20$33.8016612
5208$77.20$82.00—$350.0068.62%$36.70$38.104013
089$72.10$76.00—$360.0068.71%$41.30$43.00646
2154$68.00$70.90—$370.0068.76%$46.30$48.00910
3137$62.60$66.70—$380.0068.77%$51.50$53.302061
6146$58.70$61.80—$390.0069.46%$56.00$61.00520
13246$54.90$56.7069.05%$400.00—$62.00$67.001282
039$50.00$53.8068.99%$410.00—$68.20$71.50700
1173$47.50$49.5069.24%$420.00—$74.20$79.40870
186$42.90$47.0069.05%$430.00—$80.60$85.801260
043$39.90$44.3069.42%$440.00—$87.00$91.00510
1240$37.90$39.8069.09%$450.00—$94.10$99.90410
0126$34.40$38.5069.53%$460.00—$101.30$106.30460
0174$30.30$36.1068.74%$470.00—$108.10$113.80410
088$27.00$33.7068.20%$480.00—$115.60$122.00320
170$24.60$30.2067.30%$490.00—$124.10$129.60340

Forward $391.77. The 25-delta put carries +0.79 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.