Options Skew Analytics

UPRO option chain

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

Data as of 23 September 2026 (end of day)

2026-09-25(2 days)ATM 35.32%±3.93skew +3.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
20$7.40$9.70—$142.00—————
04$6.30$6.90—$144.0045.52%$0.20$0.301469
23$5.40$6.20—$145.0043.30%$0.25$0.407522
22$4.50$5.70—$146.0041.93%$0.35$0.5510723
1459$3.70$4.20—$147.0040.00%$0.50$0.7011055
2282$2.90$3.50—$148.0039.99%$0.70$1.0512562
012$2.20$3.60—$148.50—————
3299$2.25$2.85—$149.0037.50%$0.95$1.308914
426$1.90$2.60—$149.5035.61%$1.00$1.50134
40485$1.35$2.00—$150.0035.50%$1.30$1.6517528
39182$0.95$1.4034.68%$151.00—$1.70$2.354314
17295$0.75$1.0036.27%$152.00—$2.30$2.85770
—————$152.50—$2.30$3.3050
—————$153.00—$2.60$3.9010810
—————$154.00—$3.70$4.3010341
—————$155.00—$4.60$5.20401
—————$156.00—$5.00$6.102060
—————$157.00—$5.40$7.6050
126$0.05$0.1037.38%$157.50—$6.90$7.8010
—————$158.00—$6.50$8.1020
—————$159.00—$7.30$9.6080

Forward $150.20. The 25-delta put carries +3.73 volatility points over the 25-delta call.

2026-10-02(9 days)ATM 33.54%±7.93skew +7.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
035$8.70$10.90—$142.0043.74%$1.00$1.20231
03$8.30$9.70—$143.0041.59%$1.10$1.25812
020$7.60$9.20—$143.5041.35%$1.15$1.4014
08$7.50$8.20—$144.0040.33%$1.20$1.451953
1533$6.80$7.40—$145.0040.41%$1.45$1.75278
023$5.90$7.30—$146.0041.54%$1.65$2.351174
621$4.80$6.20—$147.0038.66%$1.75$2.45570
0110$4.50$5.00—$148.0037.22%$2.20$2.505014
04$3.80$5.40—$148.50—————
732$3.90$4.60—$149.0036.75%$2.35$3.1034
2677$3.30$3.70—$150.0034.22%$2.60$3.301184
3715$2.75$3.1033.33%$151.00—$3.20$3.8045
1144$2.15$2.6032.16%$152.00—$3.80$4.305812
27$1.90$2.8034.07%$152.50—————
441$1.80$2.5534.25%$153.00—$4.20$4.90140
3125$1.50$1.7531.93%$154.00—$4.90$5.5010
4144$1.25$1.4031.86%$155.00—$5.40$6.50203
644$0.95$1.4033.20%$156.00—$5.30$7.2010
024$0.75$1.0032.04%$157.00—$5.80$7.90340
—————$157.50—$7.10$8.6010
1352$0.60$0.7531.68%$158.00—$7.70$8.6050

Forward $150.55. The 25-delta put carries +7.21 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 35.94%±11.37skew +9.97
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$141.0042.99%$1.30$2.05105
03$9.80$11.40—$142.00—————
0142$8.10$11.10—$143.00—————
0427$8.40$9.50—$144.0040.68%$2.05$2.4515
05$7.30$9.70—$145.00—————
02$6.50$8.70—$146.0038.60%$2.15$3.201112
024$5.90$8.00—$147.00—————
017$5.60$7.90—$147.50—————
04$4.90$7.30—$148.0037.02%$2.60$3.90113
04$4.90$6.80—$148.5037.35%$3.00$4.0020
03$4.40$6.90—$149.0035.58%$2.70$4.3057
04$4.50$6.10—$149.50—————
010$4.20$6.20—$150.0037.11%$3.60$4.7092
010$3.60$5.90—$151.00—————
10$3.00$5.0035.29%$152.00—————
—————$152.50—$3.90$5.6020
6443$2.90$3.8033.55%$153.00—————
226$2.40$3.6033.92%$154.00—$4.40$6.8010
0166$2.05$2.7531.91%$155.00—$6.00$7.4071
—————$158.00—$7.30$9.9010
03$0.95$1.4530.70%$159.00—————

Forward $151.05. The 25-delta put carries +9.97 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 31.80%±12.10skew +11.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
064$11.60$14.70—$140.0045.13%$2.10$2.601,077897
022$10.80$13.90—$141.0043.90%$2.05$2.9063
02$9.90$12.90—$142.0042.60%$2.10$3.10270
067$9.10$12.00—$143.00—————
—————$143.5041.95%$2.55$3.4002
072$9.10$11.10—$144.0042.04%$2.90$3.4031
029$8.40$10.50—$145.0041.35%$2.90$3.90344
010$7.60$9.90—$146.0041.59%$3.40$4.202220
245$6.90$8.50—$147.0040.25%$3.70$4.30101
0805$6.40$7.70—$148.0040.50%$4.00$4.9070
0200$5.20$8.10—$149.0037.19%$3.50$5.3050
9158$5.60$6.10—$150.0039.47%$5.00$5.40750
022$4.30$7.00—$151.0035.55%$4.00$6.2020
068$4.20$5.0031.80%$152.00—$4.80$6.40150
—————$152.50—$4.60$7.0040
117$3.70$4.7032.15%$153.00—————
12743$3.30$4.2031.95%$154.00—$5.90$7.403211
248$3.00$3.7031.87%$155.00—$6.50$8.00361
013$2.55$3.9033.49%$156.00—————
119$2.25$3.1031.95%$157.00—————
15175$1.50$2.0531.33%$160.00—$10.20$11.5011

Forward $151.55. The 25-delta put carries +11.27 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 36.76%±15.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0314$10.60$13.50—$142.00—————
045$10.50$12.80—$143.00—————
058$9.40$12.00—$144.00—————
051$9.00$11.30—$145.0038.90%$3.50$4.70410
0203$8.10$10.80—$146.00—————
0155$7.90$10.40—$146.50—————
050$7.80$9.20—$147.0038.19%$4.50$5.1067
02$7.20$9.80—$147.5036.28%$3.80$5.6010
0212$6.60$9.50—$148.0036.75%$4.20$5.8020
060$5.90$8.90—$149.0036.66%$4.90$6.00540
02$5.30$8.60—$149.5035.54%$4.60$6.40250
056$5.90$8.40—$150.0033.51%$4.20$6.6040
13$5.40$7.0036.94%$151.00—$6.10$6.9001
06$5.10$6.2036.40%$152.00—$6.30$7.30600
0105$4.60$5.8035.05%$152.50—————
04$4.60$6.0036.88%$153.00—————
33$4.40$4.9035.46%$154.00—$6.20$8.60110
079$3.70$5.1036.25%$155.00—$7.10$9.2010
07$3.10$5.0036.31%$156.00—————
—————$159.00—$9.00$12.9010
—————$160.00—$9.70$13.7040

Forward $150.70. Not enough surviving quotes on both wings to measure the skew here.

2026-12-18(86 days)ATM 40.45%±29.77skew +10.35
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$32.80$35.30—$121.00—————
012$31.00$34.90—$122.00—————
06$30.00$34.00—$123.00—————
01$29.30$33.20—$124.0051.87%$3.40$4.8070
014$28.40$32.40—$125.0052.87%$4.10$5.00810
02$28.60$31.50—$126.0050.02%$3.40$5.1070
01$26.80$30.70—$127.0050.94%$4.20$5.2010
—————$128.0049.36%$3.70$5.60330
02$26.50$28.70—$129.0048.97%$4.10$5.6060
033$25.50$27.90—$130.0050.17%$4.30$6.504145
0119$24.50$27.20—$131.0048.11%$4.50$6.001510
097$21.90$23.80—$135.0047.27%$6.00$6.7040720
0156$18.30$19.80—$140.0045.08%$7.30$8.003457
189$15.20$16.40—$145.0043.87%$9.00$9.901368
0155$11.80$14.40—$150.0042.55%$11.00$12.00492
0151$9.40$11.1040.37%$155.00—$13.00$14.40750
0129$7.40$9.1040.05%$160.00—$14.80$17.6092
6159$5.60$6.2037.34%$165.00—————
3144$4.20$4.8036.92%$170.00—————
—————$175.00—$25.40$28.1090
1077$2.25$2.6035.83%$180.00—$30.20$32.4081

Forward $151.62. The 25-delta put carries +10.35 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 40.50%±34.25skew +12.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0519$52.50$55.40—$100.0065.27%$2.60$3.003102
02,636$47.80$50.50—$105.0061.83%$2.75$3.60370
30308$43.70$45.20—$110.0059.05%$3.40$4.00852
0453$39.50$41.00—$115.0056.33%$4.00$4.601510
0731$35.10$36.70—$120.0053.93%$4.80$5.3049552
0252$30.90$33.00—$125.0051.51%$5.50$6.301265
0305$27.50$28.60—$130.0049.40%$6.60$7.3015511
0981$23.30$25.10—$135.0047.10%$7.70$8.502509
0471$20.40$21.70—$140.0045.57%$9.20$10.1014919
502,181$17.10$18.40—$145.0043.52%$10.90$11.607327
38395$14.20$14.80—$150.0041.85%$12.80$13.605520
181427$11.50$12.3040.56%$155.00—$15.20$16.00380
222596$9.30$9.8039.22%$160.00—$17.70$18.50416
2169$7.40$8.0038.55%$165.00—$20.10$22.1010
0278$5.60$7.5039.34%$170.00—$23.70$25.0060
062$4.40$4.9036.80%$175.00—————
1587$3.30$4.0036.56%$180.00—$31.10$32.7050
2135$2.60$3.1036.38%$185.00—————
098$2.00$2.5036.44%$190.00—————
017$1.55$2.2537.25%$195.00—————
0140$1.25$1.6537.00%$200.00—————

Forward $151.32. The 25-delta put carries +12.84 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 41.99%±44.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$28.50$32.40—$132.0049.39%$9.40$12.0010
05$27.60$31.60—$133.00—————
010$26.20$30.20—$135.0048.49%$11.10$12.10880
02$25.60$28.90—$136.00—————
—————$137.0048.08%$11.60$13.0010
07$24.50$27.40—$139.00—————
013$23.50$26.70—$140.0047.72%$12.70$14.303313
56$22.60$23.80—$143.00—————
01$21.90$23.70—$144.0045.70%$14.00$15.2010
05$21.00$22.90—$145.0045.35%$14.40$15.504962
022$20.70$22.30—$146.0045.11%$15.00$15.70180
02$18.70$20.70—$149.00—————
156$18.40$19.90—$150.0044.08%$16.50$17.50205
01$17.40$18.80—$152.00—————
02$16.70$18.5043.49%$153.00—————
06$15.90$17.5043.33%$155.00—$18.10$19.9090
09$14.90$16.5042.84%$157.00—$19.60$21.0010
—————$158.00—$20.20$21.50160
083$13.60$14.4041.49%$160.00—————
1554$11.30$12.3040.37%$165.00—————
011$9.70$10.3039.73%$170.00—————

Forward $152.19. 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.