Options Skew Analytics

TMO option chain

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

Data as of 6 November 2026 (end of day)

2026-12-04(28 days)ATM 32.90%±63.56skew +3.42
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$173.60$181.50—$520.00—————
01$105.20$113.30—$590.00—————
—————$630.0037.69%$4.90$7.10221
—————$640.0035.49%$5.50$8.20231
03$52.10$59.90—$650.00—————
01$38.00$45.40—$670.0035.60%$12.50$18.0010
—————$680.0034.42%$16.10$20.4030
06$21.70$26.6032.89%$700.00—$24.80$28.2021
04$18.00$23.3034.00%$710.00—————
1427$13.60$17.6032.28%$720.00—————
36$6.00$9.0032.07%$750.00—————

Forward $697.64. The 25-delta put carries +3.42 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 33.36%±78.96skew +3.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0114$117.40$123.20—$580.0040.51%$2.90$4.3011917
0404$109.20$113.90—$590.0039.08%$3.60$4.7020110
0114$100.60$104.90—$600.0038.35%$4.60$5.603104
1158$91.60$96.00—$610.0038.71%$5.70$7.904301
173$83.30$87.50—$620.0036.82%$6.50$8.601,4027
153$74.60$79.20—$630.0036.01%$8.00$10.202600
843$67.10$71.40—$640.0035.75%$10.50$12.101071
077$57.60$63.20—$650.0035.13%$12.80$14.401154
0106$51.60$56.70—$660.0034.91%$15.50$17.701164
085$44.50$50.00—$670.0034.47%$18.60$21.10881
0165$37.80$43.00—$680.0033.92%$22.00$24.902130
2112$32.30$37.20—$690.0033.57%$25.70$29.70971
1454$28.00$32.6033.44%$700.00—$30.80$34.50320
034$23.10$27.6032.84%$710.00—$35.30$41.0030
0906$18.00$23.8032.23%$720.00—$41.00$46.90140
057$15.80$19.0032.13%$730.00—$47.40$53.30520
1155$12.40$16.7032.25%$740.00—$54.40$61.00240
1271$10.60$12.2031.48%$750.00—$61.40$68.00110
279$5.30$6.9031.68%$780.00—————
371$3.20$4.5031.70%$800.00—$104.20$110.5080
269$2.00$2.9532.06%$820.00—$122.80$129.4010

Forward $697.64. The 25-delta put carries +3.64 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 33.29%±101.95skew +2.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0290$123.20$130.00—$580.0038.23%$6.20$7.801101
0116$114.30$120.50—$590.0037.52%$7.30$9.003491
3864$105.60$111.70—$600.0036.93%$8.70$10.4010445
565$97.20$103.30—$610.0036.34%$10.20$12.107410
0167$90.70$95.20—$620.0035.56%$12.00$13.6019246
0149$81.00$87.80—$630.0035.14%$14.00$16.006718
0131$73.40$79.60—$640.0034.64%$16.20$18.602143
2339$67.70$72.40—$650.0034.39%$19.10$21.604050
2164$60.00$66.00—$660.0033.96%$22.10$24.80372
0104$54.00$59.40—$670.0033.53%$25.30$28.50751
0236$49.20$52.50—$680.0033.28%$29.50$32.301188
3348$43.70$48.70—$690.0032.87%$33.50$36.70608
6601$38.80$41.6033.47%$700.00—$38.20$43.60500
6171$34.00$36.8033.18%$710.00—$43.10$49.00490
1243$29.70$32.3032.91%$720.00—$48.70$53.6080
4171$25.80$27.9032.53%$730.00—$54.80$60.7030
5294$22.40$24.6032.53%$740.00—————
21109$19.40$21.3032.40%$750.00—————
1135$14.00$19.5031.54%$760.00—$75.10$80.8010
4176$11.90$13.9032.13%$780.00—$90.80$96.9010
479$5.60$7.2031.54%$820.00—————

Forward $699.29. The 25-delta put carries +2.51 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 35.75%±151.70skew +3.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$146.30$152.00—$570.0041.07%$14.10$20.001211
045$137.00$144.00—$580.0040.19%$16.00$21.002470
065$129.10$135.40—$590.0038.47%$17.90$20.30771
042$123.00$127.80—$600.0038.23%$20.40$22.601203
0139$114.00$120.40—$610.0038.65%$22.90$27.001150
024$106.70$113.40—$620.0037.72%$25.60$28.20584
142$99.60$105.80—$630.0037.84%$28.60$32.30620
148$94.20$99.40—$640.0037.32%$31.60$35.10900
083$86.40$92.40—$650.0036.37%$34.40$37.20420
049$80.30$86.20—$660.0036.08%$38.00$40.90520
048$73.90$80.20—$670.0035.79%$41.80$44.90340
044$69.20$75.00—$680.0035.51%$46.10$48.90393
0175$64.20$68.70—$690.0036.04%$50.50$56.002030
0159$59.10$63.00—$700.0035.87%$55.20$61.00260
1115$49.40$55.0035.74%$720.00—$65.60$71.00110
091$41.00$47.2035.48%$740.00—$76.80$82.9020
076$34.70$39.8035.40%$760.00—$89.30$95.6010
163$29.00$32.3034.92%$780.00—————
0200$22.80$26.5034.25%$800.00—————
072$19.50$21.9034.47%$820.00—————
019$14.40$17.9033.72%$840.00—————

Forward $702.99. The 25-delta put carries +3.25 volatility points over the 25-delta call.

2027-06-17(223 days)ATM 36.15%±200.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
17$132.70$139.50—$610.0037.97%$34.60$38.70235
024$125.90$132.20—$620.0038.04%$37.70$43.00360
1730$119.40$125.60—$630.0037.67%$40.90$46.00530
015$113.30$119.40—$640.0037.55%$44.40$50.00140
046$107.00$113.20—$650.0037.08%$47.90$53.00190
033$101.40$107.20—$660.0036.58%$52.20$55.40350
049$96.10$102.00—$670.0036.64%$56.20$60.7092
023$91.00$96.20—$680.0036.70%$60.60$66.0064
137$84.90$91.00—$690.0036.39%$65.20$70.0030
0113$80.00$86.00—$700.0036.31%$70.10$75.00330
113$75.20$81.00—$710.0036.19%$75.20$80.00480
0176$71.50$77.0036.37%$720.00—$80.40$86.00140
—————$730.00—$85.60$91.00140
018$62.70$69.0036.14%$740.00—$91.40$97.00140
05$59.00$65.1036.09%$750.00—————
0116$55.20$61.0035.89%$760.00—————
08$51.90$57.0035.75%$770.00—————
027$48.70$54.0035.79%$780.00—————
184$45.40$50.8035.68%$790.00—————
0104$42.80$47.8035.71%$800.00—————
044$37.30$42.0035.53%$820.00—————

Forward $710.51. Not enough surviving quotes on both wings to measure the skew here.

2027-09-17(315 days)ATM 35.67%±238.02
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$168.00$175.20—$580.0038.59%$35.00$40.00566
01$161.00$169.00—$590.0038.11%$37.30$42.50111
—————$600.0037.99%$40.40$45.9080
—————$610.0037.40%$42.10$49.00260
018$141.00$149.40—$620.0037.48%$47.00$52.0030
02$135.00$142.80—$630.0036.91%$48.40$56.00670
—————$640.0037.24%$54.10$60.0020
05$124.00$130.90—$650.0036.63%$55.90$64.0030
01$119.00$125.40—$660.0036.98%$62.40$68.0040
02$113.00$120.00—$670.0036.79%$66.70$72.0031
02$108.00$114.00—$680.0036.49%$70.80$76.00100
032$102.30$109.20—$690.0036.46%$75.50$81.0050
0185$97.30$104.30—$700.0036.40%$80.40$86.0050
02$92.80$99.50—$710.0036.26%$85.20$91.00520
02$88.00$95.0036.09%$720.00—$90.20$96.0050
04$80.00$86.0035.90%$740.00—$101.30$108.0040
010$72.00$78.0035.66%$760.00—$112.80$119.0070
03$65.00$71.0035.59%$780.00—————
013$58.00$65.0035.50%$800.00—————
03$52.00$59.0035.40%$820.00—————
02$46.00$53.0035.10%$840.00—————

Forward $718.34. Not enough surviving quotes on both wings to measure the skew here.

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.