Options Skew Analytics

USB 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 25.37%±2.70skew +3.34
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
66$26.05$26.80—$35.00—————
01$12.05$13.95—$48.00—————
04$11.05$13.05—$49.00—————
09$10.10$12.05—$50.00—————
041$7.60$9.25—$52.50—————
022$5.25$6.70—$55.00—————
0971$2.85$4.35—$57.5031.63%$0.16$0.241,0541
069$3.10$3.85—$58.0030.26%$0.20$0.2862612
—————$59.0028.11%$0.33$0.417358
1612,127$1.80$1.93—$60.0026.98%$0.54$0.681,420157
191,269$1.15$1.30—$61.0025.72%$0.89$1.031520
31437$0.65$0.8224.91%$62.00—$1.42$1.581022
115,242$0.50$0.6425.14%$62.50—$1.76$1.897310
54754$0.34$0.4924.77%$63.00—————
14656$0.18$0.2925.44%$64.00—————
121,935$0.08$0.1324.79%$65.00—————

Forward $61.27. The 25-delta put carries +3.34 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 24.08%±3.28skew +3.57
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$5.20$6.95—$55.00—————
03$3.50$5.10—$57.0029.22%$0.20$0.3050
01$2.62$4.10—$58.0027.70%$0.30$0.4373
018$2.71$2.89—$59.0026.62%$0.47$0.63129
110$1.99$2.17—$60.0025.10%$0.69$0.89261
164207$1.42$1.52—$61.0024.16%$1.05$1.2650
941$0.94$1.0524.00%$62.00—$1.57$1.7750
31140$0.59$0.6923.89%$63.00—$2.24$2.45250
311,960$0.28$0.4423.05%$64.00—$2.80$3.4010
217$0.19$0.2623.75%$65.00—$3.45$5.3010

Forward $61.32. The 25-delta put carries +3.57 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 24.08%±3.86skew +1.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$57.0028.39%$0.31$0.44150
—————$58.0026.92%$0.44$0.5811
013$2.96$3.20—$59.0025.56%$0.62$0.78150
0128$2.27$2.46—$60.0025.20%$0.89$1.14100
219$1.60$1.80—$61.0024.02%$1.26$1.48970
148$1.13$1.3524.16%$62.00—$1.77$2.0120
92119$0.74$0.9623.82%$63.00—————
050$0.51$0.6624.07%$64.00—————
011$0.31$0.4624.14%$65.00—————

Forward $61.33. The 25-delta put carries +1.50 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 25.13%±4.57skew +4.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$56.0029.81%$0.34$0.44720
—————$57.0029.35%$0.46$0.6410
—————$58.0028.18%$0.62$0.8211
02$3.20$3.50—$59.0027.19%$0.84$1.06270
0146$2.53$2.82—$60.0026.18%$1.14$1.34443
19$1.91$2.22—$61.00—————
519$1.39$1.7124.99%$62.00—————
7171$1.01$1.2824.82%$63.00—————
168$0.71$0.8624.07%$64.00—————
111$0.47$0.6123.91%$65.00—————
500$0.31$0.5124.87%$66.00—————

Forward $61.44. The 25-delta put carries +4.26 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 24.50%±4.92skew +4.33
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$40.10$41.85—$20.00—————
01$25.20$26.85—$35.00—————
0724$17.75$19.55—$42.50—————
0856$15.25$17.00—$45.00—————
0413$12.80$14.45—$47.50—————
0700$10.55$11.90—$50.00—————
211,904$8.95$9.25—$52.50—————
31,062$6.40$7.15—$55.0029.82%$0.32$0.401,5535
31,048$4.50$4.95—$57.5027.71%$0.64$0.8198918
94,241$2.71$2.96—$60.0025.39%$1.27$1.4698518
626,231$1.37$1.5524.14%$62.50—$2.43$2.6038516
364,589$0.60$0.6923.38%$65.00—$4.15$4.802020
447,578$0.23$0.2923.43%$67.50—$6.05$7.40110

Forward $61.44. The 25-delta put carries +4.33 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 24.12%±6.33skew +3.44
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$37.65$39.40—$22.50—————
030$25.25$27.00—$35.00—————
023$22.75$24.50—$37.50—————
0574$20.30$22.00—$40.00—————
0861$17.80$19.60—$42.50—————
01,203$15.80$17.10—$45.00—————
0447$12.90$14.45—$47.50—————
0361$10.50$12.00—$50.0032.05%$0.21$0.251,7869
0624$8.45$9.65—$52.5029.73%$0.36$0.421,2046
2171,505$6.85$7.40—$55.0027.60%$0.63$0.702,902354
71,211$4.85$5.00—$57.5026.16%$1.13$1.211,32692
202,272$3.15$3.40—$60.0025.17%$1.94$2.063,55512
1062,404$1.82$2.0223.60%$62.50—$3.10$3.451,823122
1005,423$0.94$1.1022.72%$65.00—$4.80$4.954970
84,920$0.45$0.5122.04%$67.50—$6.40$8.15980
34,553$0.20$0.2221.77%$70.00—$8.65$10.4030

Forward $61.28. The 25-delta put carries +3.44 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 24.85%±8.06skew +3.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
14$13.05$14.75—$47.50—————
—————$50.0031.25%$0.39$0.54332
039$8.40$9.90—$52.5029.98%$0.62$0.90410
076$6.30$7.80—$55.0027.61%$0.99$1.20528
0167$5.40$5.90—$57.5027.01%$1.56$1.985728
0142$3.85$4.25—$60.0025.27%$2.41$2.712302
123385$2.45$2.8824.72%$62.50—$3.60$3.95140128
54380$1.50$1.8623.95%$65.00—$5.15$5.50340
0273$0.94$1.1723.97%$67.50—————
0347$0.49$0.7023.45%$70.00—————
01,553$0.29$0.3923.48%$72.50—————
019$0.17$0.2524.07%$75.00—————

Forward $61.38. The 25-delta put carries +3.65 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 25.34%±9.31skew +2.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$30.20$32.00—$30.00—————
03$25.25$27.15—$35.00—————
03$22.80$24.60—$37.50—————
02$20.45$22.05—$40.00—————
182$16.05$17.10—$45.0034.75%$0.23$0.383350
0284$13.15$14.70—$47.5032.95%$0.36$0.55760
0313$10.90$12.45—$50.0029.86%$0.53$0.632983
092$8.75$10.25—$52.5029.60%$0.83$1.149824
061$7.75$8.25—$55.0027.06%$1.25$1.399969
217809$5.95$6.35—$57.5026.09%$1.90$2.052,33354
0833$4.35$4.75—$60.0025.47%$2.83$2.978527
81,032$3.05$3.4525.33%$62.50—$3.90$4.404691
101,194$2.08$2.4024.81%$65.00—$5.40$5.85380
3437$1.31$1.6224.24%$67.50—————
0901$0.81$1.0924.10%$70.00—————
0118$0.48$0.6623.66%$72.50—$11.20$13.45150
03,630$0.30$0.4023.67%$75.00—————

Forward $61.59. The 25-delta put carries +2.82 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.