Options Skew Analytics

UPST 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 73.52%±1.72skew +5.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$4.90$5.75—$17.00—————
40$4.50$5.25—$17.50—————
20$4.10$4.85—$18.00—————
33$3.50$4.20—$18.50—————
156$3.10$3.65—$19.0082.95%$0.01$0.0336177
02$2.51$3.30—$19.50—————
656$2.38$2.63—$20.0080.86%$0.07$0.0834940
31$1.90$2.27—$20.5077.30%$0.11$0.1350834
4016$1.56$1.64—$21.0077.04%$0.19$0.23285150
766$1.18$1.28—$21.5075.15%$0.30$0.366530
98164$0.85$0.94—$22.0073.54%$0.47$0.5316867
173120$0.58$0.7073.52%$22.50—$0.70$0.78553
606254$0.38$0.4973.26%$23.00—$1.00$1.081446
970225$0.24$0.2769.46%$23.50—$1.34$1.431212
2,628419$0.14$0.1769.53%$24.00—$1.64$1.9714313
491327$0.08$0.1170.69%$24.50—$2.00$2.28328214
535359$0.05$0.0671.24%$25.00—$2.54$2.7413925
80272$0.02$0.0369.02%$25.50—————
28284$0.01$0.0271.00%$26.00—$3.50$3.757010
52122$0.01$0.0278.48%$26.50—$3.90$4.30973
—————$27.00—$4.35$5.059713

Forward $22.40. The 25-delta put carries +5.69 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 67.05%±2.61skew +3.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
037$4.10$6.25—$17.50—————
035$3.55$4.85—$18.0077.90%$0.05$0.077097
0—$3.60$4.30—$18.5073.39%$0.05$0.10—23
065$2.65$3.80—$19.00—————
—————$19.5071.43%$0.15$0.1927114
3110$2.46$3.05—$20.0070.94%$0.23$0.272,07523
527$1.85$2.49—$20.5070.36%$0.32$0.39878
051$1.83$1.98—$21.0069.79%$0.45$0.53911
597$1.48$1.65—$21.5070.41%$0.61$0.742011
4178$1.20$1.36—$22.0067.88%$0.77$0.931502
72365$0.96$1.0366.95%$22.50—$1.05$1.12939204
2982$0.74$0.8969.08%$23.00—$1.33$1.429814
9154$0.56$0.7168.97%$23.50—$1.64$1.77541
621,790$0.40$0.4865.36%$24.00—$1.98$2.1480323
122106$0.30$0.3766.04%$24.50—$2.25$2.51413100
4957,938$0.21$0.2564.48%$25.00—$2.67$2.9072073
3184$0.15$0.2065.71%$25.50—$2.95$4.5580
347161$0.10$0.1666.49%$26.00—$3.50$3.8019837
—————$26.50—$4.05$4.259936
12180$0.04$0.0966.78%$27.00—$4.30$5.059010
211,095$0.04$0.0769.47%$27.50—$4.80$5.352212

Forward $22.41. The 25-delta put carries +3.76 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 63.88%±3.19skew +3.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$5.05$7.00—$16.50—————
0—$3.25$5.35—$18.50—————
—————$19.0066.98%$0.17$0.232428
—————$19.5066.65%$0.25$0.31144
01$2.09$2.68—$20.5067.33%$0.45$0.6150
09$2.00$2.20—$21.0066.92%$0.58$0.796030
076$1.66$1.89—$21.5064.71%$0.75$0.92140
162$1.39$1.61—$22.0063.45%$0.94$1.12440
1850$1.14$1.3663.94%$22.50—$1.21$1.3780
526$0.89$1.1663.57%$23.00—$1.49$1.68832
013$0.72$0.8761.37%$23.50—$1.81$2.04186101
2132$0.57$0.7963.72%$24.00—$2.02$2.33327
2356$0.45$0.6463.72%$24.50—$2.52$2.70777
—————$25.00—$2.92$3.1016279
—————$25.50—$2.85$3.8560
10638$0.21$0.2962.44%$26.00—$3.70$3.9528926
—————$26.50—$4.15$4.3515416
—————$27.00—$4.35$5.20540
—————$27.50—$4.80$5.5550
—————$28.00—$4.75$6.75150
—————$29.00—$5.75$8.5540

Forward $22.46. The 25-delta put carries +3.62 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 64.27%±3.78skew +4.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$3.95$5.05—$18.00—————
—————$19.0067.04%$0.30$0.35692
—————$19.5065.67%$0.38$0.441711
02$2.19$3.45—$20.0068.18%$0.47$0.691321
—————$20.5066.66%$0.61$0.80150
02$2.19$2.46—$21.0066.80%$0.75$1.02244
023$1.87$2.13—$21.5064.62%$0.93$1.152420
244$1.50$1.86—$22.0063.42%$1.12$1.36730
1510$1.34$1.6764.77%$22.50—$1.40$1.651020
152$1.13$1.4063.86%$23.00—$1.68$1.86380
043$0.92$1.2063.35%$23.50—$1.94$2.151210
4198$0.75$0.9862.20%$24.00—$2.33$2.47190
12$0.61$0.9063.88%$24.50—$2.69$2.88750
1395$0.49$0.7162.49%$25.00—$3.00$3.35346
3118$0.41$0.5762.32%$25.50—$3.25$4.0040
1784$0.31$0.4360.52%$26.00—$3.55$4.051314
3131$0.22$0.3559.66%$26.50—$4.25$4.453329
128125$0.22$0.2660.68%$27.00—$4.25$5.057015
108$0.15$0.2561.46%$27.50—$4.60$7.1540
—————$28.00—$5.45$6.5531
—————$29.00—$5.95$7.7510

Forward $22.48. The 25-delta put carries +4.34 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 63.26%±4.22skew +5.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
08$3.80$6.00—$18.00—————
08$3.05$4.40—$19.00—————
—————$19.5067.90%$0.48$0.6902
—————$20.0067.17%$0.58$0.85913
—————$20.5065.79%$0.73$0.9710
—————$21.0066.14%$0.89$1.20280
010$2.06$2.35—$21.5065.52%$1.09$1.3963
0675$1.68$2.09—$22.0064.42%$1.28$1.6164200
06$1.57$1.90—$22.5065.51%$1.56$1.901030
299$1.28$1.6263.01%$23.00—$1.79$2.0730
01$1.13$1.6367.83%$23.50—$2.15$2.3680
03$0.97$1.2564.25%$24.00—$2.37$2.96491
030$0.80$1.0963.88%$24.50—$2.84$3.152520
1883$0.69$0.9764.81%$25.00—$3.05$3.702574
—————$25.50—$3.60$3.9010
95$0.48$0.6061.83%$26.00—$3.60$4.50327
520$0.40$0.6164.52%$26.50—$4.15$4.80150
—————$27.00—$4.35$5.45655
—————$27.50—$4.85$7.2040
10232$0.23$0.3363.21%$28.00—————
—————$29.00—$6.20$7.6510

Forward $22.51. The 25-delta put carries +5.34 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 61.96%±5.99skew +0.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
050$9.25$10.40—$12.50—————
087$6.95$8.05—$15.00—————
1588$5.10$6.00—$17.5065.36%$0.47$0.626,0616
27793$3.70$4.10—$20.0063.51%$1.20$1.271,7317
141,347$2.35$2.45—$22.5062.27%$2.30$2.391,2332
3434,735$1.42$1.4861.63%$25.00—$3.85$4.007,18335
3801,989$0.81$0.9562.55%$27.50—$5.70$6.1010,2636
1023,100$0.47$0.5562.70%$30.00—$7.65$8.302,29630
01,430$0.27$0.3263.13%$32.50—$9.95$11.055841
73,583$0.16$0.2064.34%$35.00—$12.30$13.052,6354
—————$37.50—$14.50$16.204130
193,117$0.07$0.0968.00%$40.00—$16.70$19.502620
—————$42.50—$19.00$21.40250
393,197$0.04$0.0976.50%$45.00—$22.05$23.553,5070
—————$47.50—$24.20$26.4010
2834,846$0.03$0.0478.99%$50.00—$26.70$28.90670
3225$0.01$0.0377.69%$52.50—$29.20$31.5510
21,352$0.01$0.0483.35%$55.00—$31.70$33.9070
03,703$0.01$0.0285.28%$60.00—$36.70$38.9020
—————$62.50—$39.20$41.8510
—————$65.00—$41.70$44.353330

Forward $22.56. The 25-delta put carries +0.96 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 69.24%±8.28skew -1.93
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$9.70$10.35—$12.5076.56%$0.19$0.235063
038$7.40$8.45—$15.0073.21%$0.49$0.541676
02$5.50$6.50—$17.5069.82%$0.96$1.112124
0185$4.45$4.80—$20.0068.69%$1.80$2.023545
366$3.10$3.50—$22.5069.28%$2.96$3.408220
1357$2.20$2.5369.20%$25.00—$4.35$4.902970
12233$1.54$1.7568.48%$27.50—$6.20$6.651870
121309$1.08$1.3970.62%$30.00—$8.25$8.651480
2686$0.72$0.8868.52%$32.50—$10.25$11.30900
7902$0.50$0.6068.40%$35.00—$12.50$13.651060
0736$0.34$0.5370.81%$37.50—$14.90$16.10560
0663$0.26$0.3370.25%$40.00—$17.35$18.202431
0165$0.15$0.2569.82%$42.50—$19.20$22.0072
—————$45.00—$21.30$24.5010
5140$0.10$0.1572.66%$47.50—$24.00$27.0010
2902$0.08$0.1072.70%$50.00—————

Forward $22.62. The 25-delta put carries -1.93 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 68.22%±9.26skew +2.77
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
048$9.70$10.80—$12.50—————
013$7.60$8.75—$15.0074.41%$0.62$0.874610
010$5.85$6.75—$17.5070.62%$1.29$1.377767
488$4.80$5.20—$20.0069.45%$2.22$2.313242
1178$3.60$3.90—$22.5068.75%$3.25$3.75532
502,513$2.66$2.9168.17%$25.00—$4.90$5.252691
6166$1.91$2.1967.78%$27.50—$6.65$7.003620
23437$1.42$1.7068.78%$30.00—$8.65$9.003150
0570$1.02$1.2167.84%$32.50—$10.60$11.10830
0579$0.76$1.0570.14%$35.00—$12.75$13.601931
0130$0.58$0.8671.49%$37.50—$14.95$16.15740
—————$40.00—$17.25$18.45380
25383$0.34$0.3869.44%$42.50—$19.80$20.75441
40386$0.24$0.3069.53%$45.00—$21.70$23.60510
—————$47.50—$23.20$27.00260
—————$50.00—$26.50$28.7510

Forward $22.75. The 25-delta put carries +2.77 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.

UPST option chain | Options Skew Analytics