Options Skew Analytics

TTWO option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 101.40%±22.11skew +2.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$24.80$27.60—$182.5098.53%$0.85$1.05446270
01$22.40$25.90—$185.0099.57%$1.15$1.45507651
01$20.60$23.70—$187.5098.37%$1.45$1.8028519
5306$18.90$21.70—$190.0099.15%$1.95$2.305181,249
219$17.10$19.70—$192.50100.72%$2.35$3.20326297
328$14.90$17.00—$195.00104.57%$3.30$4.10270589
434$13.50$15.60—$197.50104.16%$4.00$4.90144275
33167$12.20$14.60—$200.00100.58%$4.70$5.404501,015
728$10.50$12.50—$202.50103.25%$5.80$6.701,953157
33358$9.50$10.90—$205.00101.49%$6.50$7.90229166
9882$8.40$10.40—$207.50103.69%$7.90$9.301,538348
1,102300$7.40$8.60101.11%$210.00—$9.30$10.804941,026
367222$6.50$7.80103.61%$212.50—$11.20$12.609595
586343$5.70$6.20100.79%$215.00—$11.80$14.109655
31799$4.40$5.5099.00%$217.50—$13.80$15.904745
7711,186$4.40$4.80104.12%$220.00—$14.70$17.701114
303213$3.20$4.30101.82%$222.50—$17.80$19.902312
542137$2.85$3.50101.98%$225.00—$18.60$21.8022
41041$2.70$3.20106.34%$227.50—$21.20$23.70013
945207$2.05$2.65104.07%$230.00—$22.60$26.301011
6732$1.80$2.60108.31%$232.50—$25.70$28.10021

Forward $208.30. The 25-delta put carries +2.59 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 88.36%±31.95skew -8.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$27.20$30.30—$182.50—————
1662$25.30$28.40—$185.0084.51%$2.90$3.901,20071
065$23.60$26.70—$187.5084.86%$3.10$5.006517
0938$21.90$25.00—$190.0084.96%$4.20$5.30794104
1048$20.20$22.40—$192.5083.99%$4.10$6.70916
7263$18.20$20.70—$195.0085.67%$5.40$7.5041453
0162$17.10$20.40—$197.5085.83%$6.30$8.503067
8510,510$15.80$17.80—$200.0088.32%$8.00$9.501,195157
2275$14.30$16.50—$202.5086.52%$8.80$10.402613
4435$13.30$15.70—$205.0089.15%$9.50$12.801165
4582$12.10$14.40—$207.5089.42%$11.20$13.70761
2522,390$11.20$12.6088.08%$210.00—$13.00$14.801,093404
28273$9.70$12.3089.34%$212.50—$14.20$16.80108
190233$9.60$10.4089.40%$215.00—$15.70$18.1012312
147163$8.30$10.1090.36%$217.50—$17.50$20.00452
1162,390$8.00$8.8090.86%$220.00—$18.40$21.3051928
334982$7.50$8.0092.00%$222.50—$20.90$23.3030
411,616$5.80$8.5093.10%$225.00—$22.10$25.10522
2541$5.50$6.7090.31%$227.50—$24.00$27.10640
3741,680$5.50$6.0092.51%$230.00—$26.40$28.706448
34—$4.20$6.4093.60%$232.50—$27.80$31.30—0

Forward $208.30. The 25-delta put carries -8.64 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 77.64%±35.91skew -12.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2210$29.60$32.70—$180.0071.13%$2.25$3.6073774
1204$26.10$28.80—$185.0070.40%$3.20$4.7044416
139$22.60$25.90—$190.0071.23%$4.90$6.0025150
0—$20.70$23.50—$192.5073.43%$5.10$8.10—0
173$19.40$22.10—$195.0073.16%$6.30$8.6028361
0—$17.90$21.30—$197.5070.99%$6.60$9.50—6
20107$16.90$19.00—$200.0075.40%$9.00$10.7026335
0—$15.50$18.70—$202.5075.25%$9.60$12.30—0
155$14.20$16.90—$205.0078.29%$12.30$13.103645
4—$12.90$15.60—$207.5075.41%$11.70$15.20—3
9688$12.30$15.4079.50%$210.00—$14.70$16.30120351
3—$10.90$13.4076.14%$212.50—$14.70$18.10—6
47552$10.40$11.6075.39%$215.00—$16.30$19.505718
13—$9.10$12.5079.50%$217.50—$18.20$21.30—0
1861$8.60$10.6077.78%$220.00—$19.60$22.60164
1—$7.40$10.3078.22%$222.50—$21.30$24.50—0
55148$8.10$8.5079.50%$225.00—$23.60$26.4020
0—$6.20$9.5081.10%$227.50—$24.90$28.40—0
35308$5.60$7.2076.38%$230.00—$26.80$30.20170
3—$5.30$8.3082.67%$232.50—$29.00$31.80—0
989$5.00$7.8083.86%$235.00—$31.60$34.20160

Forward $208.30. The 25-delta put carries -12.64 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 67.17%±36.61skew -9.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$38.00$41.40—$170.00—————
01$33.50$36.50—$175.00—————
03$29.90$33.20—$180.00—————
—————$185.0062.27%$3.40$5.30772
024$23.10$25.50—$190.0063.51%$5.20$6.80282158
048$20.10$22.50—$195.0063.57%$6.30$9.207566
328$17.60$20.00—$200.0065.13%$8.70$11.505223
612$15.20$16.60—$205.0066.13%$11.30$14.00318
8640$13.20$14.3067.18%$210.00—$14.10$16.90136211
39245$11.00$12.3067.14%$215.00—$17.10$19.80488
4719$9.40$10.6068.04%$220.00—$20.10$23.50190
1336$8.10$10.1071.49%$225.00—————
37307$6.80$8.3070.86%$230.00—————
212$5.30$7.6071.54%$235.00—————
2443$4.90$6.3072.76%$240.00—————
153$3.80$5.7073.23%$245.00—————
16126$3.80$4.5074.52%$250.00—————
—————$255.00—$48.40$51.7012
11170$2.10$3.5078.15%$265.00—————
—————$280.00—$71.60$75.3010

Forward $208.25. The 25-delta put carries -9.26 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 62.32%±38.64skew -6.08
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$185.0061.15%$4.50$5.9040329
314$23.60$26.50—$190.0059.90%$5.20$7.70142131
19$21.00$23.90—$195.0060.38%$7.10$9.50540
111$18.20$20.90—$200.0061.36%$9.30$11.80460
06$15.80$18.50—$205.0063.00%$11.40$15.1050
746$14.00$16.2062.47%$210.00—$14.70$16.704414
3640$11.50$14.3062.27%$215.00—$17.30$20.50120
17$9.50$13.0063.34%$220.00—————
24$8.00$10.9062.85%$225.00—$24.40$27.3001
45$7.00$9.6064.27%$230.00—$27.70$30.9002
39$6.00$8.8066.08%$235.00—————
12$4.70$7.0064.08%$240.00—————
1067$4.10$6.4065.98%$245.00—————
—————$275.00—$67.50$70.4001
—————$280.00—$71.60$75.5010
—————$285.00—$76.30$80.1010

Forward $209.40. The 25-delta put carries -6.08 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 60.12%±41.02skew -4.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
086$67.10$70.60—$140.00—————
068$62.40$65.60—$145.00—————
086$57.50$60.40—$150.00—————
073$52.60$56.00—$155.00—————
0148$48.60$51.10—$160.0053.67%$0.70$1.106,47426
028$43.40$46.60—$165.0052.36%$1.00$1.4595121
0110$39.30$42.00—$170.0054.22%$1.65$2.402,57358
141$34.80$38.30—$175.0054.02%$2.20$3.4066540
6110$31.20$34.40—$180.0055.35%$3.70$4.401,04726
130$27.90$31.10—$185.0056.42%$5.10$6.00410358
8589$24.90$28.00—$190.0056.84%$6.80$7.601,348149
4625$21.90$24.90—$195.0058.19%$8.70$10.001,3358
3522,456$19.20$20.70—$200.0058.76%$11.20$12.001,964148
2461,466$15.00$16.2059.75%$210.00—$16.30$17.401,756286
7712,575$11.60$12.2060.89%$220.00—$22.10$23.901,45611
3124,651$8.40$9.1060.93%$230.00—$28.30$31.101,20411
1781,260$5.90$6.8061.07%$240.00—$36.10$38.903371
3364,935$4.50$5.1062.50%$250.00—$44.30$47.3028715
3261,381$3.50$3.9064.21%$260.00—$53.40$56.604570
542,359$2.35$3.4065.88%$270.00—$62.50$65.504700
94920$1.60$2.6566.49%$280.00—$72.70$75.50180

Forward $208.74. The 25-delta put carries -4.65 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 51.83%±46.46skew -4.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$67.90$70.90—$140.00—————
07$62.90$66.00—$145.00—————
0162$58.80$61.40—$150.00—————
012$53.60$57.20—$155.00—————
058$49.40$52.70—$160.00—————
024$45.30$47.90—$165.00—————
053$41.30$44.00—$170.0047.94%$2.35$3.903693
580$37.50$39.80—$175.0049.40%$3.40$5.506287
2133$33.80$36.50—$180.0049.61%$5.40$6.10384122
244$30.50$32.80—$185.0048.84%$5.80$8.201,6836
347247$27.60$29.70—$190.0049.42%$7.70$10.0038213
160$24.60$27.40—$195.0051.06%$10.60$12.007075
3181,419$22.30$23.30—$200.0050.99%$13.00$13.9088258
500995$17.50$18.4051.64%$210.00—$18.20$19.2092524
6523,764$13.60$14.5052.06%$220.00—$23.20$25.701,2989
2891,828$10.60$11.4052.77%$230.00—$29.90$32.701,00820
196954$8.10$8.9053.21%$240.00—$37.60$40.407820
3182,554$6.20$6.9053.70%$250.00—$46.30$48.508160
2112,814$4.90$5.5054.84%$260.00—$54.90$57.404180
744,643$3.80$4.3055.51%$270.00—$63.90$66.501390
—————$280.00—$73.10$75.50660

Forward $209.24. The 25-delta put carries -4.86 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 49.55%±62.70skew -0.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
272$70.50$74.00—$140.00—————
82$66.20$69.50—$145.00—————
062$61.80$65.40—$150.00—————
07$57.50$61.20—$155.00—————
06$54.10$56.70—$160.00—————
04$49.70$53.50—$165.0050.94%$5.80$7.002372
110$46.40$49.70—$170.0049.71%$6.60$8.001790
010$42.60$46.40—$175.0049.74%$8.30$9.203,09312
15194$40.10$43.10—$180.0049.85%$10.00$10.802305
333$36.70$39.40—$185.0050.50%$11.70$13.201042
0806$34.00$37.10—$190.0050.13%$13.80$14.7085816
0127$31.30$34.30—$195.0050.52%$15.90$17.201801
85630$29.00$31.70—$200.0048.92%$16.70$19.50606111
66993$24.00$27.00—$210.0049.65%$21.80$25.203030
46957$20.00$22.6049.58%$220.00—$27.90$30.607415
5610,464$16.50$18.6049.25%$230.00—$34.40$37.602820
71,085$13.40$16.1049.78%$240.00—$41.50$44.20640
1451,459$11.50$13.1050.08%$250.00—$49.50$52.00440
54447$9.00$11.7050.63%$260.00—$57.70$60.00160
211,572$7.30$9.6050.49%$270.00—$66.50$68.80150
0220$5.90$8.1050.71%$280.00—$75.30$77.40140

Forward $212.03. The 25-delta put carries -0.64 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.