Options Skew Analytics

TMUS 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 33.46%±8.70skew +0.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$15.90$18.30—$149.00—————
05$12.40$15.20—$152.50—————
—————$155.0033.74%$0.35$0.50596
11$8.50$10.20—$157.50—————
424$6.70$7.30—$160.0033.10%$1.10$1.4512225
2,251841$5.00$5.60—$162.5033.32%$1.85$2.3012824
2,1221,052$3.50$4.10—$165.0033.50%$2.80$3.5029535
2041$2.30$2.9533.30%$167.50—$4.10$4.80343
1,4133,312$1.55$1.8032.54%$170.00—$5.80$6.40504
763$0.90$1.2532.86%$172.50—$7.70$8.3040
—————$175.00—$8.30$10.503511
—————$177.50—$11.00$13.0010
—————$180.00—$13.30$15.10730
—————$182.50—$15.50$18.0050

Forward $165.65. The 25-delta put carries +0.24 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 31.74%±11.02skew +0.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$157.5032.48%$1.25$1.6033
02$7.60$8.40—$160.0032.00%$1.85$2.25803
223$5.90$6.50—$162.5032.18%$2.70$3.20160
273$4.60$5.00—$165.0031.83%$3.80$4.20287
2527$3.40$3.8031.64%$167.50—$5.10$5.5003
13237$2.40$2.8031.30%$170.00—$6.50$7.10431
1930$1.70$2.0531.49%$172.50—————
670$1.15$1.5031.71%$175.00—$9.50$11.00390
—————$180.00—$14.00$16.00300
—————$185.00—$18.10$20.6020

Forward $165.80. The 25-delta put carries +0.77 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 30.96%±12.92skew +2.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
42$25.20$26.30—$140.00—————
09$15.90$17.90—$150.0033.06%$0.55$0.801307
01$11.90$13.90—$155.0032.84%$1.30$1.60597151
01$9.90$11.80—$157.5032.87%$1.90$2.20293
518$8.40$9.60—$160.0032.85%$2.65$2.9543145
41$6.70$8.10—$162.5033.32%$3.50$4.10141
161614$5.40$6.70—$165.0032.66%$4.60$5.0060043
67$4.30$4.7030.59%$167.50—$5.90$6.30131
3052,106$3.40$3.7031.01%$170.00—$7.20$7.902614
511$2.50$2.8030.63%$172.50—$8.90$9.7010
2031,985$1.85$2.1530.81%$175.00—$10.80$11.503743
17$1.35$1.6030.88%$177.50—————
1141,559$1.10$1.2531.97%$180.00—$14.00$15.703105
14364$0.60$0.9033.98%$185.00—$18.30$20.801550
121,626$0.25$0.4032.86%$190.00—$23.20$25.50770
10611,085$0.15$0.2534.51%$195.00—————

Forward $166.25. The 25-delta put carries +2.06 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 31.66%±15.07skew +0.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$44.00$48.00—$120.00—————
04$30.30$32.80—$135.00—————
01$25.40$28.10—$140.00—————
040$16.50$19.00—$150.0033.45%$0.95$1.304289
—————$155.0032.50%$1.85$2.155711
03$9.10$10.20—$160.0031.85%$3.20$3.60579
29$6.30$6.70—$165.0031.74%$5.30$5.703516
24189$4.10$4.4031.52%$170.00—$8.00$8.40120
4129$2.50$2.8531.64%$175.00—$11.30$12.206600
7501$1.50$1.7531.90%$180.00—$14.30$16.3040
—————$185.00—$18.30$21.10120
—————$190.00—$23.00$25.40270

Forward $166.00. The 25-delta put carries +0.86 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 36.66%±19.44skew +0.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$64.70$68.00—$100.00—————
01$49.40$53.20—$115.00—————
01$45.20$48.30—$120.00—————
—————$145.0040.62%$1.10$1.80205
—————$150.0039.54%$1.90$2.604100
01$14.10$15.30—$155.0037.16%$2.90$3.40816
55$10.60$12.00—$160.0037.96%$4.40$5.60370
1635$7.80$9.20—$165.0036.74%$6.50$7.40254
1729$5.70$6.7036.64%$170.00—$9.40$10.2070
467$3.90$5.0036.86%$175.00—$12.60$14.00441
23425$2.65$3.5036.82%$180.00—$16.40$17.50331
1555$1.65$2.7537.68%$185.00—$19.20$21.7010

Forward $166.56. The 25-delta put carries +0.34 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 35.79%±23.76skew +0.78
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$64.40$68.40—$100.00—————
050$60.00$63.40—$105.00—————
01$45.60$48.60—$120.00—————
—————$130.0041.69%$0.55$0.901,4690
02$31.50$34.00—$135.0039.34%$0.85$1.10681
05$27.40$29.30—$140.0038.13%$1.30$1.60583
05$23.10$24.80—$145.0037.65%$2.00$2.45698
03$19.00$21.10—$150.0036.75%$3.00$3.4021611
13$15.70$17.50—$155.0036.15%$4.40$4.7014422
242$12.60$13.70—$160.0035.87%$6.10$6.6028714
18276$9.90$10.40—$165.0035.74%$8.40$8.8046423
1870$7.70$8.1035.80%$170.00—$11.10$12.003452
19101$5.80$6.1035.48%$175.00—$13.50$14.7035971
10460$4.30$4.6035.47%$180.00—$16.80$18.30573110
17910$3.10$3.4035.37%$185.00—$20.70$22.204750
10475$2.25$2.5035.52%$190.00—$24.90$26.801310
169398$1.50$2.0536.06%$195.00—$29.20$31.30750
6833$1.10$1.4536.22%$200.00—$33.40$35.60240
3750$0.60$0.9538.07%$210.00—$42.80$45.50100

Forward $166.56. The 25-delta put carries +0.78 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 34.77%±28.06skew +1.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0230$54.80$58.70—$110.00—————
08$50.80$53.80—$115.00—————
07$46.00$48.50—$120.00—————
021$41.30$43.70—$125.0040.07%$0.75$1.00739
017$36.60$39.00—$130.0038.35%$1.00$1.35460
13029$32.10$33.70—$135.0037.89%$1.60$1.901148
07$28.20$30.00—$140.0036.89%$2.15$2.702,9324
012$24.10$26.00—$145.0036.14%$3.20$3.501827
0108$19.70$22.00—$150.0035.67%$4.40$4.802794
036$16.20$18.70—$155.0035.37%$6.00$6.4019419
0108$13.20$15.20—$160.0034.96%$7.60$8.604023
551$11.40$12.20—$165.0035.19%$10.40$10.702707
31399$9.20$9.6034.63%$170.00—$13.00$13.706851
51946$7.30$7.6034.43%$175.00—$15.40$17.801,0340
201,427$5.70$6.0034.34%$180.00—$18.80$20.306111
2754$4.30$4.7034.12%$185.00—$22.20$24.603400
11588$3.20$3.7034.07%$190.00—$26.20$28.001020
18732$2.45$2.8034.07%$195.00—$30.20$32.601560
185,442$1.70$2.4034.46%$200.00—$35.40$36.902102
—————$210.00—$43.60$46.003890
—————$220.00—$53.10$55.602550

Forward $166.26. The 25-delta put carries +1.60 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 34.07%±31.74skew +1.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$60.70$63.60—$105.00—————
098$55.90$58.80—$110.00—————
04$46.30$49.20—$120.00—————
01$41.60$44.60—$125.0039.04%$1.10$1.60900
03$37.10$40.10—$130.0038.44%$1.45$2.351730
02$32.80$35.60—$135.0037.03%$2.05$2.851820
031$28.60$31.60—$140.0036.03%$2.85$3.601510
032$25.30$27.20—$145.0035.27%$4.10$4.4031510
0396$21.40$23.40—$150.0034.82%$5.40$5.801,03010
060$18.30$20.00—$155.0034.60%$7.10$7.5038229
257310$15.30$16.90—$160.0034.37%$9.10$9.506391
2571$13.00$13.50—$165.0033.98%$10.80$12.304362
0304$10.50$11.6034.07%$170.00—$13.40$14.803012
301407$8.70$9.2033.61%$175.00—$16.40$18.308940
282304$6.90$7.9033.91%$180.00—$19.60$21.101,1871
6175$5.70$6.1033.61%$185.00—$23.10$25.202621
1633$4.60$4.9033.66%$190.00—$27.00$29.405170
3342$3.60$4.0033.71%$195.00—$30.80$32.603190
91,475$2.90$3.3034.07%$200.00—$35.00$37.507275
—————$210.00—$44.30$45.909760
512,135$0.95$1.4534.34%$220.00—$53.30$55.801980

Forward $166.72. The 25-delta put carries +1.11 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.