Options Skew Analytics

TTWO 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 38.65%±12.60skew -1.66
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$36.80$39.50—$170.00—————
01$27.00$29.60—$180.00—————
02$22.00$24.70—$185.00—————
05$17.50$19.30—$190.00—————
04$13.00$15.40—$195.0039.14%$0.75$1.25494
—————$197.5036.92%$1.05$1.50190
015$9.20$10.10—$200.0037.72%$1.70$2.2011922
—————$202.5038.11%$2.45$3.10191
3424$5.90$7.00—$205.0038.51%$3.50$4.103611
23175$4.60$5.50—$207.5038.70%$4.70$5.30611
14302$3.50$4.2038.11%$210.00—$6.10$6.90288
130$2.60$3.4038.77%$212.50—$7.70$8.50121
2998$1.90$2.6038.86%$215.00—$9.50$10.204783
611$1.40$2.0039.38%$217.50—$10.20$12.1071
106603$1.05$1.4539.66%$220.00—$12.70$14.207715
—————$225.00—$16.40$18.9061
—————$227.50—$18.60$21.2010
—————$230.00—$21.00$23.8070
—————$235.00—$25.80$28.7070
—————$240.00—$30.80$33.6010
—————$247.50—$38.30$41.3001

Forward $207.55. The 25-delta put carries -1.66 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 37.03%±16.10skew -1.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$42.20$44.70—$165.00—————
01$32.20$34.80—$175.00—————
02$27.40$29.90—$180.00—————
02$18.20$19.90—$190.00—————
03$14.00$16.30—$195.0035.76%$1.35$2.00380
—————$197.5036.58%$2.10$2.6508
021$10.40$11.80—$200.0036.66%$2.85$3.40421
—————$202.5036.90%$3.80$4.3010
927$7.40$8.20—$205.0036.96%$4.80$5.40381
03$6.10$6.90—$207.5036.98%$5.90$6.7001
1920$5.00$5.8037.24%$210.00—$7.30$8.004415
1816$4.10$4.8037.51%$212.50—————
171$3.30$4.0037.86%$215.00—$10.40$11.30340
015$2.65$3.2037.88%$217.50—————
225$2.10$2.5537.96%$220.00—$13.00$15.10620
05$1.65$2.1038.39%$222.50—————
941$1.20$1.7538.55%$225.00—$16.80$19.70640
—————$230.00—$21.30$24.3050
—————$235.00—$26.00$28.9030
—————$240.00—$30.90$33.8030

Forward $207.70. The 25-delta put carries -1.38 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 36.39%±19.02skew -1.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$27.80$30.20—$180.00—————
06$23.20$25.00—$185.0036.68%$0.70$1.003,1666
—————$187.5037.59%$0.95$1.5520
09$19.00$20.40—$190.0036.97%$1.35$1.805,40815
—————$192.5036.39%$1.80$2.15261
02$15.10$17.00—$195.0036.09%$2.35$2.654608
10$13.30$15.20—$197.50—————
021$11.70$13.00—$200.0036.49%$3.90$4.201,0697
44$10.10$12.50—$202.5039.65%$4.70$6.5021
028$8.70$10.40—$205.0036.54%$5.70$6.40102
1838$7.40$8.80—$207.5037.31%$7.20$7.6040
19340$6.30$7.0035.98%$210.00—$8.40$9.001,24422
7218$5.40$6.0036.44%$212.50—————
23211$4.50$5.1036.55%$215.00—————
17$3.60$5.0038.15%$217.50—————
9883$3.10$3.6036.84%$220.00—$15.20$15.803,2512
18$2.15$2.5537.57%$225.00—————
10$1.80$2.2038.22%$227.50—————
27750$1.45$1.8538.44%$230.00—$21.80$24.302,8970
05$1.20$1.9540.51%$232.50—————
241,709$0.65$0.9540.09%$240.00—$31.90$33.801790

Forward $208.20. The 25-delta put carries -1.48 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 36.87%±21.99skew -1.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$185.0036.56%$1.20$1.506,7021
01$18.90$21.40—$190.0036.11%$1.95$2.35463
—————$195.0036.32%$3.10$3.70342
—————$200.0036.63%$4.80$5.40392
113$9.80$10.60—$205.0036.68%$6.90$7.50146
09$7.50$8.2036.91%$210.00—$9.50$10.10391
09$5.60$6.2037.10%$215.00—$12.40$13.30282
1930$4.10$4.7037.53%$220.00—$16.00$16.80180
021$3.00$3.5038.02%$225.00—$19.90$20.7010
118$2.15$2.5538.35%$230.00—$22.40$25.3010
225$1.50$2.0039.19%$235.00—————
—————$240.00—$31.40$34.30100
712$0.75$1.2040.87%$245.00—————

Forward $208.04. The 25-delta put carries -1.70 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 37.92%±25.21skew -2.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$71.20$75.10—$135.00—————
08$66.40$70.10—$140.00—————
01$56.30$60.10—$150.00—————
02$47.40$50.30—$160.00—————
—————$175.0038.72%$0.65$0.951915
—————$185.0037.53%$1.65$2.1512,25012
03$20.50$23.20—$190.0037.40%$2.55$3.202994
57$17.10$18.70—$195.0037.84%$3.80$4.803614
211$14.00$15.20—$200.0037.16%$5.40$6.304918
125$10.90$12.70—$205.0037.95%$7.50$8.80370
24229$8.70$10.2037.92%$210.00—$10.10$11.202911
019$6.70$8.1038.05%$215.00—$13.20$14.40220
126$5.20$6.8039.35%$220.00—$16.70$17.7040
032$3.90$5.0038.77%$225.00—$20.50$21.6050
021$2.95$4.2039.96%$230.00—$23.00$26.0010
1329$1.65$2.5540.82%$240.00—————
4012$0.20$0.3040.18%$270.00—————

Forward $208.80. The 25-delta put carries -2.13 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 48.98%±40.79skew -2.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
090$68.20$70.80—$140.00—————
067$63.30$66.10—$145.00—————
074$58.50$61.30—$150.00—————
080$53.90$56.60—$155.00—————
093$49.30$51.30—$160.00—————
095$45.00$46.80—$165.00—————
090$40.60$43.30—$170.0048.24%$2.30$2.901342
387$36.50$39.30—$175.0050.90%$3.30$4.801662
278$32.80$35.20—$180.0047.40%$4.10$4.801818
060$29.10$31.70—$185.0047.89%$5.60$6.201701
153$26.00$28.30—$190.0048.13%$7.20$7.905393
217$22.70$25.30—$195.0047.83%$8.90$9.702931
650$20.00$21.20—$200.0048.34%$11.30$11.809944
53507$15.00$16.2048.78%$210.00—$16.30$17.0088222
151,589$11.30$12.3049.43%$220.00—$22.00$23.10451132
21717$8.40$9.0049.63%$230.00—$29.40$30.106653
1691,207$6.20$6.6050.11%$240.00—$36.90$37.903,2884
121,119$4.60$4.9050.91%$250.00—$44.20$46.301610
2562,974$3.30$3.7051.58%$260.00—$53.20$55.301280
17649$2.50$2.9553.08%$270.00—$61.80$64.40680
269,557$1.95$2.2554.25%$280.00—$71.30$73.9080

Forward $208.94. The 25-delta put carries -2.22 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 47.98%±48.84skew -0.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
385$69.10$70.90—$140.0050.11%$0.65$1.001151
068$64.40$67.10—$145.00—————
084$60.00$62.60—$150.0049.63%$1.30$1.857760
073$55.40$57.40—$155.0048.69%$1.70$2.302350
0131$51.10$53.70—$160.0047.68%$2.25$2.756680
027$47.00$49.60—$165.0048.86%$3.00$4.109332
095$43.00$45.50—$170.0047.99%$4.10$4.607171
031$39.20$41.70—$175.0047.75%$5.10$5.804323
5079$35.60$38.10—$180.0046.73%$6.00$7.0070913
05$32.20$34.30—$185.0047.41%$7.90$8.602529
327$28.90$31.50—$190.0047.24%$9.40$10.508685
060$25.90$28.70—$195.0047.59%$11.70$12.406562
231,101$23.30$24.10—$200.0047.48%$13.70$14.701,15137
2161,220$18.50$19.7047.94%$210.00—$19.00$19.801,5506
1421,312$14.60$15.5048.01%$220.00—$24.20$25.905200
183,442$11.40$12.2048.26%$230.00—$31.40$32.601,1551
10785$8.70$10.2049.25%$240.00—$38.90$40.003311
665,021$6.70$7.2048.31%$250.00—$47.00$47.902630
2041,236$5.40$5.7049.31%$260.00—$53.90$56.504580
11,697$4.00$4.8050.08%$270.00—$63.20$65.304550
2480$3.00$3.7050.18%$280.00—$72.00$74.50180

Forward $209.70. The 25-delta put carries -0.90 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 46.44%±54.63skew -0.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
014$70.20$72.90—$140.0048.52%$1.05$1.60940
07$65.70$68.30—$145.00—————
096$61.20$63.80—$150.00—————
011$56.90$59.50—$155.0047.60%$2.55$3.30240
031$52.70$55.30—$160.0046.48%$3.20$3.801,26220
020$48.80$51.30—$165.0047.79%$4.00$5.60580
039$44.90$47.40—$170.0044.68%$4.10$6.001690
078$41.20$43.70—$175.0045.97%$6.30$7.1039425
045$37.80$40.30—$180.0046.08%$7.80$8.602531
040$34.60$37.00—$185.0045.94%$9.40$10.202930
0114$31.40$33.90—$190.0046.08%$11.30$12.102951
2047$28.70$29.90—$195.0045.27%$12.50$14.305480
11531$26.00$27.10—$200.0046.14%$15.50$16.507751
9548$21.20$22.30—$210.0046.60%$20.80$21.707231
281,700$17.10$18.0046.41%$220.00—$26.80$27.701,2340
8793$13.70$14.8046.75%$230.00—$32.60$34.401,1300
7841$11.00$11.9046.91%$240.00—$40.40$41.507690
262,075$8.80$9.2046.69%$250.00—$48.30$49.408130
171,397$6.90$7.4046.86%$260.00—$55.20$57.704210
72,611$5.70$6.0047.59%$270.00—$63.70$66.401390
22,327$4.40$4.8047.63%$280.00—$72.70$75.20610

Forward $210.51. The 25-delta put carries -0.92 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.