Options Skew Analytics

TFC option chain

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

Data as of 9 November 2026 (end of day)

2027-01-15(67 days)ATM 24.46%±5.30skew +4.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$26.70$30.40—$22.50—————
01$24.10$27.20—$25.00—————
014$19.10$21.30—$30.00—————
02$16.40$19.10—$32.50—————
03$13.80$16.70—$35.00—————
032$12.00$13.90—$37.50—————
0332$9.80$11.20—$40.00—————
0616$7.60$8.80—$42.5032.54%$0.25$0.404,7550
671,006$5.80$6.60—$45.0029.05%$0.50$0.601,87811
02,351$3.80$4.50—$47.5026.80%$1.00$1.052,0485
592,981$2.30$2.55—$50.0024.92%$1.70$2.001,88180
572,781$1.15$1.3523.63%$52.50—$2.90$4.003830
953,007$0.45$0.5521.91%$55.00—$4.70$6.102710
242,136$0.15$0.2521.96%$57.50—$7.00$8.302110
—————$60.00—$8.30$11.2010

Forward $50.58. The 25-delta put carries +4.89 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 26.42%±7.94skew +3.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
030$18.90$22.90—$30.00—————
01,007$14.70$16.40—$35.00—————
06$10.00$11.50—$40.0033.07%$0.40$0.659040
038$7.90$9.30—$42.5031.03%$0.65$1.009830
064$6.30$7.10—$45.0027.99%$1.05$1.303,7014
940164$4.70$5.20—$47.5026.79%$1.70$2.051,5170
61,388$3.10$3.50—$50.0026.67%$2.65$3.301212
117698$1.95$2.3525.75%$52.50—$3.80$4.90790
2762,106$1.10$1.4524.62%$55.00—$5.40$6.80100
211855$0.60$0.8524.06%$57.50—————
1433$0.30$0.5023.82%$60.00—————

Forward $50.33. The 25-delta put carries +3.37 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 26.64%±10.45skew +4.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0280$14.90$16.40—$35.00—————
09$12.60$14.10—$37.5032.93%$0.50$0.808461
018$10.70$11.90—$40.0032.15%$0.80$1.251,6750
09$9.10$9.90—$42.5030.76%$1.20$1.752950
487$6.90$8.00—$45.0028.84%$1.80$2.203,9291
0116$5.10$6.30—$47.5028.14%$2.50$3.205960
131,852$4.10$4.70—$50.0027.37%$3.50$4.304200
01,294$2.95$3.4026.22%$52.50—$4.70$5.501530
251,681$2.05$2.3525.25%$55.00—$6.20$7.50140
4768$1.35$1.6524.73%$57.50—————
6945$0.85$1.2024.61%$60.00—————
104716$0.55$0.8024.38%$62.50—————
0146$0.30$0.5023.69%$65.00—————

Forward $50.51. The 25-delta put carries +4.11 volatility points over the 25-delta call.

2027-09-17(312 days)ATM 26.82%±12.54skew +5.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$18.50$22.80—$30.00—————
01$15.10$16.60—$35.0033.62%$0.60$0.851,6720
—————$37.5033.00%$0.85$1.35630
—————$40.0031.77%$1.25$1.805610
—————$42.5030.63%$1.75$2.406480
01$7.30$8.70—$45.0029.44%$2.40$3.101690
—————$47.5028.42%$3.20$4.00880
0191$4.80$5.60—$50.0027.60%$4.20$5.101120
75693$3.70$4.3026.67%$52.50—————
0277$2.75$3.0025.14%$55.00—$6.80$8.1010
0552$1.95$2.4525.19%$57.50—————
5294$1.40$1.8524.95%$60.00—————
2155$0.60$0.9523.88%$65.00—————

Forward $50.57. The 25-delta put carries +5.68 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.