Options Skew Analytics

ULTA option chain

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

Data as of 9 November 2026 (end of day)

2026-11-20(11 days)ATM 36.48%±42.40skew +1.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0120$40.30$46.30—$630.0037.22%$3.30$4.507820
268$35.50$42.40—$635.0036.47%$3.90$5.40141
185$32.60$37.00—$640.0037.19%$5.50$6.602220
119$28.40$34.20—$645.0035.32%$5.40$8.0010
0—$27.40$31.10—$647.5035.63%$6.10$9.00—50
196$25.20$30.90—$650.0036.39%$7.80$9.50511
0—$23.30$29.40—$652.5035.78%$8.20$10.30—0
049$21.40$27.60—$655.0035.42%$9.00$11.0070
1—$20.50$26.40—$657.5034.49%$9.00$12.10—0
6143$19.30$24.60—$660.0037.48%$10.80$15.0020
0—$18.00$22.80—$662.5034.19%$10.10$14.90—50
1382$17.00$22.00—$665.0036.08%$13.20$15.8013
2—$15.40$20.90—$667.5033.91%$12.00$17.40—0
2130$14.00$19.3036.48%$670.00—$15.70$18.6045
034$11.80$16.9036.47%$675.00—$16.60$20.8040
116$9.80$14.2035.84%$680.00—$20.00$25.4090
094$8.10$9.5032.69%$685.00—————
—————$690.00—$26.90$32.6003
6333$4.50$5.6033.44%$700.00—————
030$3.20$4.5032.74%$705.00—————
4174$2.70$4.4034.45%$710.00—————

Forward $669.50. The 25-delta put carries +1.88 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 47.74%±83.71skew +1.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$100.60$108.40—$570.00—————
01$93.50$98.00—$580.0051.42%$5.20$6.90211
01$77.40$82.90—$600.0051.21%$9.00$10.50610
72$67.90$75.20—$610.0051.34%$11.20$13.3037
303$61.40$67.20—$620.0050.13%$13.50$15.30421
33$54.50$61.00—$630.0049.13%$15.50$18.50170
04$48.00$53.30—$640.0049.28%$19.20$22.201593
14$42.70$47.60—$650.0048.94%$23.20$25.9020
318$37.40$42.00—$660.0048.88%$27.70$30.40120
05$31.50$36.70—$670.0048.88%$33.00$35.1013
015$26.60$29.7046.80%$680.00—————
10$23.40$27.8048.96%$690.00—————
02$18.90$23.7047.96%$700.00—————
01$15.00$20.3047.24%$710.00—————
06$10.70$14.5047.50%$730.00—————
07$8.70$13.3048.43%$740.00—————
02$6.20$10.0046.24%$750.00—————

Forward $670.05. The 25-delta put carries +1.70 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 43.75%±96.11skew +2.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
545$65.50$71.80—$620.0044.80%$16.20$18.101136
130$62.60$68.60—$625.0044.90%$17.40$20.30280
047$59.60$63.60—$630.0044.73%$19.50$21.406133
021$56.00$61.70—$635.0044.39%$20.50$23.50100
157$52.60$58.90—$640.0044.05%$21.90$25.40172
140$49.90$55.80—$645.0044.40%$25.00$26.90151
031$46.70$52.00—$650.0044.85%$27.50$29.401069
018$43.90$48.40—$655.0043.57%$27.60$31.6080
131$42.00$46.70—$660.0044.65%$31.50$34.20026
032$38.60$43.00—$665.0043.27%$31.90$36.3030
079$36.70$42.40—$670.0044.21%$36.30$38.6010
312$34.20$39.5043.80%$675.00—$37.10$41.5010
229$32.40$36.7043.73%$680.00—$39.00$44.1010
04$29.00$35.0043.25%$685.00—————
135$27.90$31.9043.18%$690.00—————
06$26.10$30.6043.62%$695.00—————
0125$24.10$28.9043.62%$700.00—————
04$22.60$26.9043.62%$705.00—————
213$20.80$24.9043.33%$710.00—————
17$18.90$22.9042.85%$715.00—————
1243$17.10$21.1042.44%$720.00—————

Forward $672.11. The 25-delta put carries +2.35 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 38.61%±111.19skew +3.00
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
046$200.00$207.00—$470.00—————
014$190.50$197.50—$480.00—————
0534$180.60$188.00—$490.00—————
0160$171.60$178.60—$500.00—————
057$153.10$160.00—$520.0043.64%$3.50$5.001130
0452$136.50$142.00—$540.0044.07%$6.30$7.40913
1123$117.00$124.70—$560.0042.65%$8.40$10.10601
1228$101.00$108.70—$580.0040.99%$11.60$12.7033061
0613$86.80$92.70—$600.0040.26%$15.80$17.4010572
0302$71.50$79.00—$620.0039.76%$21.50$23.30990
2361$59.70$65.70—$640.0039.32%$28.60$30.509029
24299$49.20$53.90—$660.0039.31%$37.10$40.002915
4724$38.90$42.1038.62%$680.00—$47.20$49.20181
2228$30.80$33.8038.48%$700.00—$56.90$61.7090
3260$23.90$26.1037.97%$720.00—$70.00$73.8010
2266$18.20$20.8037.99%$740.00—————
096$11.50$17.2037.26%$760.00—————
067$10.40$11.7037.51%$780.00—————
069$7.40$9.8037.96%$800.00—————
2212$5.40$6.3036.99%$820.00—————
015$3.90$5.4037.78%$840.00—————

Forward $672.24. The 25-delta put carries +3.00 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 38.81%±157.38skew +3.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$157.30$163.00—$530.0044.08%$11.60$17.0090
03$152.10$159.00—$535.0042.93%$12.50$16.1020
08$149.20$155.00—$540.0042.22%$13.20$16.20130
02$143.20$151.00—$545.0042.13%$14.20$17.2010
010$141.20$146.90—$550.0041.99%$15.10$18.3010
03$135.60$143.40—$555.0041.80%$16.20$19.2030
05$133.40$139.50—$560.0041.58%$17.00$20.4090
05$129.70$135.80—$565.0041.59%$18.40$21.6030
016$118.30$122.90—$580.0040.98%$21.80$25.20500
1141$104.20$110.60—$600.0040.60%$27.80$31.0040
445$91.50$98.10—$620.0040.11%$34.40$37.7020
1129$80.00$85.70—$640.0039.52%$41.60$45.40760
114$68.80$75.10—$660.0039.53%$50.20$55.4062
111$58.80$64.8038.98%$680.00—$59.50$65.0050
0124$50.30$55.8038.78%$700.00—$70.50$75.7050
033$42.30$48.0038.53%$720.00—————
114$35.00$40.8038.11%$740.00—————
112$29.10$34.5037.88%$760.00—————
038$23.20$30.0037.72%$780.00—————
262$20.20$22.6037.03%$800.00—————
01$15.40$20.5037.15%$820.00—$158.00$164.3010

Forward $679.54. The 25-delta put carries +3.58 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 38.21%±203.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$595.0040.37%$38.70$43.4020
0210$124.30$129.30—$600.0040.26%$39.80$45.70280
—————$605.0040.21%$41.40$47.8020
09$117.60$122.90—$610.0039.94%$43.40$48.8090
01$113.90$121.30—$615.0039.98%$45.10$51.3030
012$111.70$118.50—$620.0039.75%$47.10$52.6030
—————$625.0039.85%$49.10$55.20130
08$105.90$112.70—$630.0039.54%$50.90$56.6050
01$103.10$109.70—$635.0039.32%$53.00$58.1010
013$100.20$106.60—$640.0039.29%$55.20$60.3080
01$97.60$103.80—$645.0039.23%$57.20$62.7040
06$94.70$100.10—$650.0039.38%$59.30$65.9040
—————$655.0039.22%$61.50$67.9050
023$89.50$95.00—$660.0038.99%$63.80$69.6030
111$88.00$93.00—$665.0039.14%$66.30$72.7050
03$83.80$91.30—$670.00—————
028$79.70$86.50—$680.0038.87%$73.50$80.0010
038$72.00$77.3038.87%$700.00—————
229$62.00$68.8038.14%$720.00—————
017$54.80$60.8037.87%$740.00—————
09$47.80$53.8037.57%$760.00—————

Forward $686.51. Not enough surviving quotes on both wings to measure the skew here.

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.