Options Skew Analytics

TER 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 100.61%±25.95skew +11.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$23.30$28.60—$222.50113.26%$2.70$3.3050
15$21.30$26.50—$225.00110.30%$3.10$3.6085679
10946$19.90$24.70—$227.50109.39%$3.40$4.40510
97$18.40$22.80—$230.00107.65%$4.20$4.7044462
1943$18.40$20.30—$232.50107.45%$4.60$5.8005
21142$16.50$18.90—$235.00105.80%$5.50$6.302526
243$15.00$16.70—$237.50104.93%$6.00$7.5024
31218$13.40$15.50—$240.00103.69%$6.90$8.40829
401$11.50$13.80—$242.50101.09%$7.50$9.5067
66$10.60$12.50—$245.00102.05%$8.90$10.70184
21$9.00$10.60100.60%$247.50—$10.00$11.901112
5328$8.10$9.40101.14%$250.00—$11.50$14.3020514
91$6.40$8.3097.32%$252.50—$12.30$14.60650
708327$6.60$7.10101.52%$255.00—$13.80$17.401463
—————$257.50—$15.30$17.60821
108121$4.40$5.3097.16%$260.00—$17.40$21.10150
—————$262.50—$19.60$21.2050
1252$2.85$4.2096.25%$265.00—$20.40$24.20183
128$2.60$3.2094.79%$267.50—$22.10$25.8020
—————$270.00—$24.20$29.30436
—————$272.50—$26.20$31.40111

Forward $246.35. The 25-delta put carries +11.40 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 90.33%±38.62skew +13.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$34.80$40.60—$212.5099.54%$4.00$4.60—36
0—$33.40$38.20—$215.00103.55%$4.40$6.30—10
0—$30.80$36.30—$217.50104.29%$4.80$7.40—0
579$30.40$34.50—$220.0097.27%$5.50$6.3024812
3—$28.00$32.70—$222.5096.33%$6.00$7.00—0
0—$27.00$30.50—$225.0098.26%$6.80$8.30—31
0—$25.60$28.00—$227.5098.60%$7.50$9.40—0
0120$23.50$27.00—$230.0094.56%$8.10$9.4015114
0—$21.00$25.20—$232.5093.58%$9.00$10.10—0
4—$20.60$22.90—$235.0099.47%$9.90$13.10—1
0—$19.00$21.80—$237.5094.90%$10.70$13.00—0
56625$18.30$19.90—$240.0091.01%$11.80$12.9028944
0—$15.20$18.70—$242.5097.89%$12.70$16.70—0
4—$15.10$17.00—$245.0090.67%$13.70$15.80—1
8198$13.00$14.4090.26%$250.00—$16.20$18.007326
10—$10.10$12.4087.76%$255.00—$18.70$20.80—0
1634$8.70$10.0087.04%$260.00—$21.70$24.403,56123
52—$5.80$9.2085.09%$265.00—$24.60$27.10—0
73504$5.30$6.7083.84%$270.00—$28.40$30.6055012
7—$4.00$5.5082.77%$275.00—$31.80$37.00—0
48178$3.20$4.3082.10%$280.00—$35.70$41.0061625

Forward $246.30. The 25-delta put carries +13.55 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 84.37%±46.09skew +11.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$36.20$42.10—$212.50—————
—————$215.0087.32%$6.00$6.80361
0—$32.20$38.30—$217.5087.85%$6.40$8.00—0
03$30.40$36.40—$220.0086.32%$7.20$8.206213
0—$30.60$34.30—$222.50—————
11$29.30$31.80—$225.0085.41%$8.70$9.70324
0—$27.30$31.10—$227.5086.14%$9.20$11.30—0
036$24.70$29.10—$230.0085.03%$10.30$11.701053
3—$23.10$27.20—$232.5083.95%$11.00$12.60—0
06$22.70$25.60—$235.0088.48%$11.80$15.801860
0—$19.50$24.50—$237.5084.70%$12.90$15.40—0
12$17.80$23.70—$240.0082.90%$14.20$15.701091
0—$17.50$21.50—$242.5088.57%$14.80$20.00—0
07$17.10$20.20—$245.0083.71%$16.40$18.90850
1466$15.60$17.5084.39%$250.00—$18.90$20.80448
02$12.50$15.9082.94%$255.00—$21.60$24.10210
143$11.30$12.8081.44%$260.00—$23.90$26.60303
216$8.80$12.4082.31%$265.00—$26.80$29.80154
46$7.80$9.2079.05%$270.00—$30.10$35.90691
03$6.10$7.7077.20%$275.00—$34.10$36.8090
197$4.50$6.5075.31%$280.00—$37.50$42.901064

Forward $246.00. The 25-delta put carries +11.01 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 78.38%±50.49skew +7.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$52.00$57.50—$195.0085.50%$3.30$4.2050
—————$200.0084.46%$4.20$4.9040
—————$205.0084.17%$5.20$6.0001
63$39.80$45.40—$210.0082.45%$6.10$7.00130
—————$215.0081.87%$7.40$8.30111
—————$220.0081.44%$8.80$9.9080
03$31.30$34.40—$225.0080.86%$10.50$11.50244
05$26.90$31.30—$230.0081.42%$12.00$14.20280
09$24.90$28.40—$235.0079.68%$14.20$15.5071
46$22.60$26.50—$240.0080.04%$16.10$18.5062
20$19.50$22.70—$245.0080.40%$18.30$21.6073
—————$250.00—$21.00$23.60476
—————$255.00—$23.40$27.3060
48$10.90$15.9074.26%$260.00—$26.70$29.30150
—————$265.00—$29.50$33.50300
1159$7.70$11.8072.21%$270.00—$32.70$35.80181
32$8.80$11.6079.86%$275.00—$36.10$40.40161
010$6.90$8.6074.41%$280.00—$39.70$42.9060
23$5.10$8.1073.93%$285.00—$43.40$48.6094
513$4.90$6.3073.51%$290.00—$47.30$52.70103
—————$295.00—$51.40$56.80120

Forward $246.15. The 25-delta put carries +7.51 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 76.97%±55.80skew +5.93
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$190.0082.19%$3.50$4.5032
—————$200.0079.85%$5.30$6.0014
—————$205.0079.70%$6.20$7.5021
11$42.20$47.10—$210.0079.02%$7.70$8.5065
—————$215.0078.12%$8.80$10.1001
—————$220.0076.79%$10.20$11.5046
01$32.60$36.60—$225.0078.39%$11.80$14.50300
35$29.50$33.40—$230.0075.41%$13.70$15.2040
20$25.30$31.40—$235.0080.65%$15.80$20.5010
149$22.50$27.80—$240.0080.21%$18.00$23.0050
34$19.90$25.4079.00%$245.00—$20.20$25.40280
19270$17.40$22.6077.33%$250.00—$23.00$27.90240
10$15.10$20.2076.12%$255.00—$25.70$30.5050
3205$12.90$18.4075.55%$260.00—$27.90$33.30296
111$11.00$17.3076.17%$265.00—$31.60$37.0060
04$9.20$14.4073.16%$270.00—$34.60$40.0090
—————$275.00—$38.20$43.90117
—————$280.00—$41.60$47.0020
—————$285.00—$45.30$51.0070
017$5.30$8.5072.19%$290.00—$49.20$54.5060
—————$295.00—$52.80$58.6061

Forward $244.85. The 25-delta put carries +5.93 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 75.81%±60.98skew +5.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$170.0087.09%$2.15$3.1020
—————$175.0085.57%$2.60$3.60276
—————$180.0084.48%$3.20$4.2085
20$62.60$68.50—$185.0084.11%$4.10$4.9010214
20$58.60$64.40—$190.0082.52%$4.80$5.6015712
10$54.40$60.10—$195.0081.28%$5.60$6.5011211
—————$200.0080.26%$6.60$7.502634
12$43.20$48.40—$210.0078.82%$9.10$10.0054214
124$38.00$41.60—$220.0077.17%$12.00$13.103,33755
440$31.60$35.10—$230.0076.07%$15.80$16.8022445
1828$27.00$28.90—$240.0077.24%$19.80$23.0026227
3122$21.00$24.2076.27%$250.00—$24.80$28.201575
4125$16.80$19.9075.27%$260.00—$30.40$33.903595
13812$14.50$15.7075.58%$270.00—$36.60$41.301942
18476$11.60$12.5074.81%$280.00—$43.40$47.101225
2295$9.00$9.9073.86%$290.00—$50.80$54.50631
1286$7.00$7.8073.31%$300.00—$58.70$63.505592
13234$5.40$6.1072.84%$310.00—$66.90$72.201130
8302$4.20$4.8072.76%$320.00—$75.30$81.001670
18126$2.65$3.7070.74%$330.00—$84.50$89.80741
—————$340.00—$93.50$98.802370

Forward $246.08. The 25-delta put carries +5.52 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 73.42%±63.48skew +5.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$190.0079.58%$4.90$6.5010
—————$200.0077.96%$7.00$8.5047
—————$205.0077.15%$8.20$9.7020
—————$215.0075.76%$11.10$12.5050
1010$37.00$42.90—$220.0075.46%$12.80$14.3061
100$34.00$40.00—$225.0076.45%$14.40$17.3021
—————$230.0079.53%$16.50$21.5021
—————$235.0075.08%$18.40$21.4001
10$25.80$31.30—$240.00—————
01$23.40$28.40—$245.00—————
12$21.60$26.1074.44%$250.00—————
—————$255.00—$28.20$33.7010
11$16.40$22.0072.36%$260.00—————
—————$265.00—$34.60$40.0015
12$13.40$18.6072.88%$270.00—————
04$11.00$16.3070.26%$275.00—$41.00$46.0001
—————$280.00—$44.40$50.0010
—————$285.00—$48.00$53.0010
02$9.20$12.1072.65%$290.00—————
—————$295.00—$55.50$60.7010
40$6.60$9.4070.33%$300.00—$59.30$64.9010

Forward $246.26. The 25-delta put carries +5.43 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 70.89%±75.03skew +4.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0105$83.00$88.60—$165.0078.07%$2.85$4.50400
026$78.30$84.10—$170.0078.78%$4.00$5.20790
0221$74.30$80.00—$175.0078.19%$4.80$6.00362
037$70.00$76.10—$180.0077.64%$5.60$7.0030580
142$66.20$72.10—$185.0077.09%$6.60$8.001546
040$62.00$68.00—$190.0076.34%$7.80$8.901060
018$58.50$64.30—$195.0075.77%$9.20$9.9012,0883
0569$56.50$60.40—$200.0075.15%$10.50$11.201,4039
090$49.60$53.30—$210.0073.80%$13.20$14.303418
0166$41.20$46.70—$220.0072.80%$16.70$17.801,6761
5244$36.00$40.80—$230.0073.97%$20.50$23.7060817
2467$33.50$35.40—$240.0073.57%$25.00$28.8026965
46213$28.60$30.3073.61%$250.00—$29.80$35.006000
1381$22.60$26.0070.75%$260.00—$35.60$40.9067110
17132$19.10$22.5070.71%$270.00—$41.60$46.703853
3261$17.40$18.7071.44%$280.00—$48.30$53.005960
22169$13.00$15.8068.89%$290.00—$55.30$60.801555
46592$10.50$13.2068.08%$300.00—$62.80$67.601,0089
29216$9.20$11.0068.55%$310.00—$70.70$74.302150
26287$8.30$9.1069.29%$320.00—$78.80$84.006582
292$6.80$7.5068.82%$330.00—$87.40$92.605430

Forward $247.03. The 25-delta put carries +4.50 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.