Options Skew Analytics

TSN option chain

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

Data as of 23 September 2026 (end of day)

2026-11-20(58 days)ATM 28.89%±5.97skew +2.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$8.70$10.90—$42.50—————
211$7.00$7.60—$45.0032.26%$0.35$0.50912
16$4.90$5.30—$47.5029.54%$0.70$0.856219
24$3.20$3.50—$50.0029.81%$1.40$1.8021413
1279$1.90$2.2028.80%$52.50—$2.55$2.90522
11121$1.00$1.3028.54%$55.00—$4.20$4.5040
25186$0.45$0.6027.13%$57.50—$5.40$6.80110

Forward $51.82. The 25-delta put carries +2.41 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 27.93%±6.98skew +2.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
713$13.70$15.70—$37.50—————
530$11.50$12.20—$40.00—————
—————$42.5033.18%$0.35$0.501472
04$7.00$8.00—$45.0030.59%$0.55$0.855961
03$4.80$6.50—$47.5029.46%$1.10$1.401518
516$3.30$3.90—$50.0028.28%$1.90$2.255665
1233$2.10$2.5027.82%$52.50—$3.10$3.502972
2172$1.20$1.5026.91%$55.00—————
076$0.65$0.9026.84%$57.50—$5.70$7.301620
18433$0.35$0.5026.87%$60.00—$8.20$9.50320
—————$62.50—$10.10$11.80600
—————$65.00—$12.30$14.501270

Forward $51.49. The 25-delta put carries +2.61 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 27.02%±7.79skew +2.23
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
064$19.60$23.90—$30.00—————
015$13.60$15.80—$37.50—————
031$11.50$13.20—$40.0033.27%$0.25$0.401431
025$9.10$11.10—$42.5030.99%$0.45$0.601300
0132$7.00$8.80—$45.0029.98%$0.80$1.055490
010$5.10$6.70—$47.5028.12%$1.30$1.602700
0568$3.60$4.70—$50.0026.90%$2.05$2.502,3565
1230$2.55$2.8027.03%$52.50—$3.40$3.708371
1405$1.45$1.9026.12%$55.00—$4.10$5.504980
0470$0.85$1.2025.89%$57.50—$6.20$7.401741
4863$0.50$0.8026.43%$60.00—$8.20$9.601160
—————$62.50—$10.20$11.90490
—————$65.00—$12.30$14.708130
—————$67.50—$14.40$17.1010

Forward $51.61. The 25-delta put carries +2.23 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 27.46%±9.87skew +3.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$19.60$23.90—$30.00—————
—————$40.0033.16%$0.60$0.80370
03$9.60$11.50—$42.5030.75%$0.85$1.10360
02$7.30$9.60—$45.0030.06%$1.35$1.705370
04$5.90$7.60—$47.5028.61%$2.00$2.3517413
137$4.40$5.10—$50.0028.08%$2.90$3.401450
07$3.20$3.7027.46%$52.50—$4.10$4.601900
0281$2.25$2.8027.48%$55.00—$5.40$6.20690
4144$1.55$1.9026.80%$57.50—$6.30$8.8090
3106$1.00$1.3526.59%$60.00—$8.30$10.002010
260$0.70$1.0027.17%$62.50—$10.30$12.40120
380$0.45$0.7527.52%$65.00—$12.80$14.40210
—————$67.50—$15.40$16.8030
—————$70.00—$17.50$19.20560
—————$80.00—$26.40$30.7030

Forward $51.58. The 25-delta put carries +3.47 volatility points over the 25-delta call.

2027-04-16(205 days)ATM 27.19%±10.53skew +2.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$9.70$11.70—$42.5030.67%$1.00$1.3070
01$7.10$9.70—$45.0029.27%$1.50$1.8010
—————$47.5028.37%$2.15$2.6090
—————$50.0027.81%$3.10$3.6080
06$3.40$4.1027.26%$52.50—$4.30$4.801550
0225$2.50$2.9026.51%$55.00—$5.00$7.201081
024$1.75$2.1526.38%$57.50—$6.70$8.201000
247$1.25$1.5526.43%$60.00—————
0136$0.80$1.2026.57%$62.50—————
04$0.55$0.9026.91%$65.00—————

Forward $51.68. The 25-delta put carries +2.84 volatility points over the 25-delta call.

2027-06-17(267 days)ATM 27.72%±12.29skew +2.91
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$37.5034.32%$0.70$1.0070
—————$40.0032.72%$1.00$1.3510
—————$42.5031.19%$1.40$1.8070
—————$45.0029.76%$1.90$2.40270
—————$47.5028.90%$2.65$3.20320
03$5.20$7.10—$50.0028.20%$3.60$4.20440
010$4.10$4.8027.72%$52.50—$4.80$5.4040
101$3.30$3.7027.73%$55.00—$5.10$7.70190
419$2.25$2.8026.52%$57.50—$6.70$9.3010
0143$1.65$2.1526.44%$60.00—————
07$1.25$1.7026.84%$62.50—$10.50$13.2020
017$0.95$1.3027.06%$65.00—————
019$0.65$1.0527.22%$67.50—————

Forward $51.83. The 25-delta put carries +2.91 volatility points over the 25-delta call.

2027-09-17(359 days)ATM 27.43%±14.15skew +2.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$35.0035.77%$0.75$1.1511
02$14.10$16.50—$37.5033.58%$1.05$1.3530
02$12.60$13.90—$40.0032.02%$1.40$1.75100
016$10.10$12.80—$42.50—————
04$8.20$11.00—$45.0029.77%$2.45$3.00150
—————$47.5029.01%$3.20$3.9010
016$5.50$8.00—$50.0028.39%$4.20$4.90170
025$4.80$5.7027.73%$52.50—$5.40$6.00220
022$3.80$4.6027.25%$55.00—$5.70$8.504480
03$2.95$3.7026.88%$57.50—$7.30$10.1020
06$2.30$3.1027.11%$60.00—$9.00$11.9010
04$1.80$2.5027.10%$62.50—————
021$1.40$1.9526.93%$65.00—————
03$1.05$1.6026.99%$67.50—————
20$0.85$1.3027.29%$70.00—————

Forward $52.03. The 25-delta put carries +2.84 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.