Options Skew Analytics

ULTA option chain

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

Data as of 23 September 2026 (end of day)

2026-10-16(23 days)ATM 31.19%±42.88skew +0.91
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$42.10$48.00—$505.0032.68%$2.90$4.4070
01$38.00$44.80—$510.0031.46%$3.50$4.80490
03$34.20$40.40—$515.0032.22%$4.40$6.605320
05$30.30$36.60—$520.0031.60%$5.80$7.20520
017$27.80$32.80—$525.0032.04%$6.90$9.40130
011$23.70$29.20—$530.0031.50%$8.10$11.00220
030$20.60$25.90—$535.0030.78%$9.30$12.80140
054$18.30$23.70—$540.0031.17%$12.50$14.20470
—————$542.5029.81%$11.00$16.5020
050$15.90$20.80—$545.0030.57%$13.30$17.40951
1102$15.10$16.9031.20%$550.00—$17.40$19.101242
01$12.30$17.4031.16%$552.50—$18.70$20.5001
091$12.90$15.0031.47%$555.00—$19.00$22.20301
1184$9.50$12.8029.92%$560.00—$21.60$25.4070
019$8.00$11.9030.96%$565.00—$24.90$30.0030
04$7.10$10.9030.66%$567.50—$25.60$31.4030
641$7.70$9.1030.96%$570.00—————
035$5.40$8.5030.76%$575.00—$31.70$37.2060
129$4.40$7.1030.69%$580.00—————
135$4.20$5.4030.83%$585.00—————
637$3.40$4.4030.72%$590.00—————

Forward $547.74. The 25-delta put carries +0.91 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 32.08%±70.32skew +1.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
085$55.80$62.20—$500.0032.93%$8.80$9.90390
08$51.60$57.70—$505.00—————
026$49.10$53.90—$510.0032.54%$11.30$12.4093
015$44.50$51.70—$515.0032.44%$12.80$13.9090
013$42.00$47.10—$520.0031.98%$13.10$16.30183
027$38.60$43.60—$525.0031.95%$14.80$18.2083
031$35.30$41.80—$530.0032.36%$18.20$19.40280
092$32.50$37.90—$535.0031.68%$18.40$22.30160
070$29.80$35.50—$540.0032.09%$22.10$23.80120
024$27.30$32.80—$545.0032.32%$23.50$27.60350
082$25.20$30.1031.87%$550.00—$27.00$28.40270
124$24.40$26.7032.08%$555.00—$28.20$31.7041
323$20.60$24.9031.33%$560.00—$31.40$34.7071
026$18.80$23.4031.74%$565.00—$33.50$38.9040
042$17.60$20.7031.66%$570.00—$36.60$42.0020
0309$15.40$19.1031.47%$575.00—$40.00$45.6080
045$13.90$16.7031.06%$580.00—$42.50$48.1020
057$12.60$15.1031.11%$585.00—————
166$11.30$14.5031.66%$590.00—$50.50$55.90100
241$10.60$11.9031.16%$595.00—$53.50$59.6020
111209$9.00$10.9030.95%$600.00—$58.30$64.0090

Forward $549.95. The 25-delta put carries +1.59 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 38.05%±101.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
049$66.30$72.50—$500.0038.53%$17.70$19.20360
04$63.50$68.50—$505.0038.26%$19.10$20.7030
015$59.00$65.10—$510.0038.27%$21.00$22.40382
07$56.70$63.00—$515.0037.97%$21.70$24.9070
09$54.30$60.00—$520.0037.99%$23.90$26.70170
09$50.60$57.00—$525.0038.01%$25.60$29.20722
14$47.90$54.00—$530.0037.98%$27.70$31.4090
06$45.00$51.30—$535.0037.80%$30.10$33.20161
011$42.60$48.80—$540.0037.39%$31.60$35.60320
036$39.90$46.00—$545.0037.42%$34.50$37.70121
027$37.90$42.90—$550.0037.54%$36.80$40.8090
018$36.90$39.9037.80%$555.00—$39.80$43.3080
115$34.90$38.2038.11%$560.00—$42.20$46.2050
06$31.70$35.8037.44%$565.00—$44.10$49.2090
046$29.10$33.8037.15%$570.00—$47.60$52.0010
02$27.10$31.7037.00%$575.00—$50.40$55.1030
062$25.50$29.8037.06%$580.00—$53.00$58.1010
017$23.50$27.9036.83%$585.00—$56.80$61.80320
043$21.90$26.0036.72%$590.00—$59.80$65.2040
041$20.40$23.8036.41%$595.00—$63.40$68.8060
0147$19.00$22.6036.57%$600.00—$65.90$72.60700

Forward $551.62. Not enough surviving quotes on both wings to measure the skew here.

2027-01-15(114 days)ATM 36.08%±111.65skew +2.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
012$152.00$159.20—$400.0040.19%$2.95$3.905783
0101$143.00$149.90—$410.0039.32%$3.20$4.902280
015$134.00$141.80—$420.0039.56%$4.80$5.802460
014$125.00$132.50—$430.0038.33%$4.90$7.101630
031$117.30$123.10—$440.0038.21%$6.20$8.703910
0360$109.90$115.10—$450.0038.62%$8.80$10.202984
014$100.20$108.00—$460.0038.24%$10.80$11.802551
048$93.10$99.30—$470.0038.05%$12.90$14.102543
014$85.30$91.30—$480.0037.60%$15.30$16.201273
0518$80.30$84.10—$490.0037.22%$18.00$18.70600
0191$71.10$76.90—$500.0036.95%$20.90$21.801590
059$59.80$63.80—$520.0036.70%$27.80$29.501020
0457$47.80$52.60—$540.0036.41%$36.50$38.101142
0113$38.60$43.9036.20%$560.00—$45.00$49.90440
0195$30.50$34.7035.64%$580.00—$57.00$62.00930
0626$24.00$27.4035.44%$600.00—$69.90$75.50420
0289$17.90$21.3034.89%$620.00—$83.50$88.90220
0333$14.60$15.9034.97%$640.00—$99.90$105.80170
6272$11.20$12.3035.02%$660.00—$116.40$122.20190
100661$8.40$9.4034.96%$680.00—$133.50$140.80180
0212$5.90$8.9035.97%$700.00—$151.60$158.8090

Forward $553.72. The 25-delta put carries +2.26 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 37.41%±145.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$98.10$104.20—$480.0039.72%$23.40$28.00160
04$94.60$101.00—$485.0038.78%$24.80$27.7030
014$91.60$97.70—$490.0038.70%$26.40$29.40220
05$88.20$94.10—$495.00—————
015$85.00$91.30—$500.0038.51%$29.90$32.80170
03$82.10$88.40—$505.0038.43%$31.60$34.8010
012$78.60$85.50—$510.00—————
02$75.80$82.60—$515.00—————
013$74.90$79.50—$520.0038.10%$37.20$40.80110
02$70.50$76.20—$525.00—————
013$68.00$73.40—$530.0038.02%$41.50$45.3040
03$64.80$70.50—$535.0037.91%$43.60$47.6030
08$62.50$67.90—$540.0037.82%$45.50$50.30110
01$60.00$65.00—$545.00—————
116$58.20$63.60—$550.00—————
03$55.40$61.60—$555.0037.73%$53.10$57.8010
05$53.40$59.0037.64%$560.00—$55.60$60.4090
06$50.50$55.6036.97%$565.00—$58.40$63.3010
017$44.80$50.7037.44%$580.00—$66.60$71.6020
0169$36.90$42.0036.69%$600.00—$79.30$84.7010
040$31.00$35.3036.64%$620.00—$91.90$98.1020

Forward $558.16. Not enough surviving quotes on both wings to measure the skew here.

2027-06-17(267 days)ATM 37.47%±181.00skew +2.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
022$133.00$140.10—$450.0039.65%$22.10$27.30160
012$126.20$133.30—$460.0039.14%$24.90$29.30360
014$120.00$126.10—$470.0038.98%$27.90$32.402110
06$113.20$119.70—$480.0039.07%$32.60$35.001181
—————$490.0039.01%$35.70$39.20110
116$101.20$106.60—$500.0038.88%$39.30$43.101080
08$95.30$100.30—$510.0038.73%$43.30$47.00102
013$90.30$94.70—$520.0038.43%$47.20$50.90260
014$83.40$89.80—$530.0038.45%$51.40$56.00150
030$78.90$85.50—$540.0038.34%$56.10$60.60160
051$73.50$79.90—$550.0038.17%$60.80$65.40180
022$69.10$75.90—$560.0037.92%$64.70$71.10110
012$65.40$70.0037.60%$570.00—$71.70$76.7021
022$61.20$67.0037.82%$580.00—$75.60$82.2020
08$56.40$63.0037.51%$590.00—$81.50$88.20150
0213$52.90$59.0037.44%$600.00—$88.90$94.20140
05$49.30$55.0037.24%$610.00—$95.30$100.5030
07$46.00$51.3037.10%$620.00—————
017$40.00$44.9036.96%$640.00—$114.70$121.4070
221$34.50$39.4036.85%$660.00—————
02$29.70$33.6036.49%$680.00—$144.40$152.0010

Forward $564.75. The 25-delta put carries +2.58 volatility points over the 25-delta call.

2027-09-17(359 days)ATM 37.36%±211.91skew +2.66
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$400.0040.89%$17.10$21.0020
—————$410.0041.80%$19.30$26.1020
—————$420.0040.35%$21.40$25.5010
—————$430.0040.20%$23.80$28.3010
—————$440.0040.23%$27.40$30.8080
—————$450.0040.05%$29.40$34.6020
01$139.00$146.00—$460.0039.60%$32.40$36.9020
01$127.30$134.00—$480.0039.78%$40.70$43.8013
06$120.50$128.00—$490.0039.64%$44.40$47.5030
31$114.00$120.80—$500.0039.57%$47.90$52.0011
01$109.70$116.00—$510.00—————
01$105.00$109.50—$520.0038.93%$55.40$59.7001
03$99.50$106.00—$530.00—————
03$94.20$101.00—$540.00—————
—————$550.0038.84%$69.20$74.7001
02$65.00$74.0037.28%$600.00—————
02$54.20$60.0037.63%$640.00—$121.40$128.0010
20$48.00$53.0037.21%$660.00—————
10$42.80$45.6036.67%$680.00—————
12$37.50$40.3036.34%$700.00—$166.00$172.0010
01$33.50$39.0037.12%$720.00—————

Forward $571.92. The 25-delta put carries +2.66 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.