Options Skew Analytics

TPR option chain

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

Data as of 23 September 2026 (end of day)

2026-10-09(16 days)ATM 35.19%±8.19skew +3.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$103.0037.00%$0.55$0.8510
02$6.60$7.90—$105.00—————
—————$106.0037.77%$1.10$1.7530
—————$107.0034.89%$1.30$1.7010
—————$108.0035.09%$1.65$2.0530
—————$109.0036.72%$2.15$2.60100
04$3.50$4.10—$110.0034.16%$2.30$2.8545
—————$111.0035.49%$2.95$3.4010
—————$112.00—$3.40$3.9020
01$2.10$2.6033.77%$113.00—$3.80$4.5040
01$1.75$2.2534.04%$114.00—$4.70$5.2020
01$1.45$1.9534.37%$115.00—$5.40$5.8040
11$0.90$1.4534.52%$117.00—$6.20$7.4030
02$0.80$1.2035.07%$118.00—$7.30$8.2032
—————$119.00—$7.20$9.6060
—————$120.00—$8.70$9.9080
—————$122.00—$10.10$12.0022
—————$124.00—$11.80$14.0020
—————$125.00—$12.70$15.0040
—————$129.00—$16.70$18.9020
—————$130.00—$17.70$19.9020

Forward $111.23. The 25-delta put carries +3.26 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 34.25%±9.57skew +1.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$11.20$13.00—$100.0036.10%$0.45$0.651050
01$7.10$8.40—$105.0035.55%$1.30$1.652,08816
—————$107.0034.67%$1.80$2.2030
—————$109.0034.60%$2.55$2.9506
01$4.20$4.80—$110.0034.01%$2.85$3.402542
—————$111.0034.42%$3.40$3.9004
5100$3.20$3.8034.22%$112.00—$3.80$4.5040
33$2.70$3.6034.98%$113.00—$4.50$5.1010
08$2.35$2.9534.02%$114.00—————
089$2.05$2.6034.31%$115.00—$5.80$6.502146
01$1.70$2.3034.25%$116.00—$6.00$7.00140
01$1.45$2.1535.12%$117.00—$7.30$8.10100
01$1.20$1.7534.36%$118.00—————
1,506132$0.90$1.2034.25%$120.00—$9.00$10.205062
—————$123.00—$11.40$13.1003
—————$125.00—$13.30$15.10883
—————$130.00—$17.70$19.902960
9246$0.10$0.1539.78%$135.00—$22.50$24.9080

Forward $111.35. The 25-delta put carries +1.18 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 33.88%±10.82skew +0.45
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$100.0037.08%$0.70$1.1022
—————$105.0035.75%$1.55$2.3020
—————$108.0034.34%$2.50$3.1003
—————$109.0034.86%$2.95$3.6040
—————$110.0033.87%$3.20$4.0040
—————$112.00—$4.10$5.2010
—————$113.00—$5.00$5.6010
—————$114.00—$5.30$6.20100
—————$115.00—$6.20$6.90130
—————$116.00—$6.60$7.6010
—————$117.00—$7.70$8.3050
—————$118.00—$8.10$8.90420
02$1.35$2.0534.32%$119.00—$8.30$10.2010
01$1.30$1.8535.30%$120.00—$9.10$11.0060
01$1.05$1.6034.81%$121.00—$9.90$11.8010
—————$125.00—$13.50$15.3070
—————$126.00—$14.10$16.1010
—————$130.00—$17.90$20.1060
—————$131.00—$18.80$21.1050

Forward $111.43. The 25-delta put carries +0.45 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 45.33%±20.18skew -0.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$40.00$43.60—$70.00—————
02$36.00$38.40—$75.00—————
030$31.20$33.40—$80.00—————
03$26.50$28.80—$85.0048.19%$0.55$0.75580
011$22.20$24.30—$90.0047.27%$0.95$1.40290
01$17.80$19.90—$95.0046.27%$1.75$2.20490
048$14.50$15.20—$100.0044.68%$2.80$3.302990
013$11.30$11.90—$105.0043.88%$4.30$5.00960
0384$8.50$9.10—$110.0045.45%$7.00$7.301,8837
114$6.20$6.9045.30%$115.00—$9.40$10.105720
248$4.50$5.1045.39%$120.00—$12.20$13.30690
0352$3.10$3.8045.46%$125.00—$16.00$17.001092
01,828$2.00$2.7044.88%$130.00—$20.00$21.00530
0190$1.50$2.0046.11%$135.00—$24.10$25.30293
0106$0.95$1.5046.39%$140.00—$28.60$30.301670
—————$145.00—$32.80$35.00100
—————$150.00—$37.70$40.0030

Forward $111.66. The 25-delta put carries -0.20 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 41.52%±22.56skew +0.53
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$49.80$53.60—$60.00—————
05$45.90$48.10—$65.00—————
09$39.80$43.30—$70.00—————
01$36.20$38.50—$75.00—————
114$31.90$33.40—$80.0046.75%$0.50$0.80210
018$27.00$29.30—$85.0045.97%$0.85$1.40170
029$22.60$24.90—$90.0044.05%$1.45$1.95130
020$18.60$21.00—$95.00—————
0342$15.00$16.90—$100.0042.69%$3.60$4.401870
930$11.90$13.50—$105.0042.93%$5.70$6.101540
921$9.60$10.70—$110.0043.17%$8.10$8.401870
415$7.30$7.8041.41%$115.00—$10.80$11.202400
0118$5.50$6.2041.95%$120.00—$14.00$14.302195
0134$4.10$4.8042.22%$125.00—$16.70$18.401130
061$3.00$3.6042.17%$130.00—$20.50$22.20680
0528$2.05$2.7542.03%$135.00—$24.50$26.50490
282$1.50$2.1042.50%$140.00—$28.80$30.90240
030$1.05$1.6042.75%$145.00—$33.10$35.4080
—————$155.00—$42.70$44.90220
—————$160.00—$47.20$50.4030
—————$165.00—$52.20$55.9030

Forward $111.92. The 25-delta put carries +0.53 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 40.42%±25.32skew +1.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
038$36.40$38.80—$75.0045.80%$0.45$0.70280
05$34.10$36.30—$77.5044.98%$0.55$0.90150
063$32.00$34.00—$80.0045.29%$0.75$1.253850
09$29.60$32.00—$82.5044.42%$0.95$1.5020
0313$27.50$29.80—$85.0043.64%$1.20$1.802670
024$25.40$27.40—$87.5043.09%$1.55$2.1560
070$23.30$25.60—$90.0042.30%$1.90$2.55250
044$21.30$23.60—$92.5042.09%$2.40$3.1010
050$19.40$21.80—$95.0041.56%$2.90$3.70540
020$17.60$19.70—$97.5041.68%$3.90$4.206000
101,007$16.40$17.90—$100.0040.82%$4.20$5.203230
0125$12.90$14.60—$105.0040.04%$5.90$7.00760
069$10.30$11.80—$110.0040.99%$8.80$9.203780
0130$8.20$9.2040.42%$115.00—$10.90$11.906721
060$6.50$7.3040.61%$120.00—$14.60$15.302440
1294$5.10$5.7040.68%$125.00—$17.20$18.501020
0333$3.70$4.6040.56%$130.00—$21.00$22.902200
0197$2.95$3.4040.56%$135.00—$24.90$26.90450
1285$2.00$2.5539.76%$140.00—$28.80$31.20610
0126$1.55$2.2541.15%$145.00—$33.30$35.70210
0197$1.05$1.7540.92%$150.00—$38.00$40.1090

Forward $112.08. The 25-delta put carries +1.12 volatility points over the 25-delta call.

2027-02-19(149 days)ATM 41.98%±30.23skew +0.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$80.0045.49%$1.35$1.8070
021$28.70$31.00—$85.0044.70%$2.05$2.60300
—————$90.0043.61%$2.80$3.70300
90$21.30$23.20—$95.0042.91%$4.00$5.0070
90$18.10$19.80—$100.0043.30%$5.90$6.701310
—————$105.0042.31%$7.40$8.80450
—————$110.0042.03%$9.70$11.10130
—————$115.00—$12.30$13.70260
01$8.30$9.6041.97%$120.00—$15.30$16.90510
012$6.70$8.0042.02%$125.00—$18.70$20.70140
03$5.60$6.6042.45%$130.00—$22.10$24.3050
012$4.30$5.5042.21%$135.00—$26.20$28.20510
05$3.40$4.6042.40%$140.00—$29.90$32.4050
04$2.75$3.8042.67%$145.00—$34.50$36.70250
014$2.20$3.1042.77%$150.00—$38.60$41.0040
02$1.70$2.6042.93%$155.00—$43.20$45.60320
—————$160.00—$47.90$50.3050

Forward $112.72. The 25-delta put carries +0.51 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 42.09%±33.02skew +1.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$75.0046.34%$1.25$1.60120
012$33.50$35.70—$80.0045.25%$1.80$2.3020
029$29.40$31.50—$85.0044.42%$2.60$3.20110
01$25.50$27.60—$90.0043.73%$3.60$4.40110
—————$95.0043.01%$4.90$5.80160
03$18.80$20.90—$100.0042.40%$6.50$7.5030
—————$105.0041.47%$8.20$9.50530
01$13.70$15.10—$110.0042.10%$11.20$11.70270
02$11.10$12.6042.02%$115.00—$13.80$14.50100
24$9.70$10.3042.15%$120.00—$16.10$17.40690
13$7.90$8.8042.08%$125.00—$19.30$21.20260
137$6.30$7.5041.89%$130.00—$23.70$24.80882
044$5.00$6.3041.65%$135.00—$26.50$28.80490
242$4.10$4.7040.64%$140.00—$30.40$32.70130
024$3.40$4.4041.97%$145.00—$34.60$37.0080
011$2.75$3.7042.08%$150.00—$39.40$41.40110
07$2.55$3.1043.00%$155.00—$43.50$45.8090
0141$2.00$2.5542.74%$160.00—$48.30$50.4010
23$1.80$2.1543.42%$165.00—$52.90$55.2010
03$1.30$1.8543.09%$170.00—————
06$0.90$1.3543.70%$180.00—————

Forward $112.65. The 25-delta put carries +1.04 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.