Options Skew Analytics

USB option chain

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

Data as of 23 September 2026 (end of day)

2026-10-02(9 days)ATM 25.12%±2.31skew +4.33
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$22.80$25.30—$35.00—————
01$4.65$5.00—$54.00—————
01$3.70$4.05—$55.0028.72%$0.09$0.12120
—————$56.0027.29%$0.18$0.23121
—————$57.0026.38%$0.36$0.44352
12$1.11$1.26—$58.0025.96%$0.69$0.79456
527$0.58$0.6823.93%$59.00—$1.24$1.33946
13218$0.25$0.2822.05%$60.00—$1.80$2.13420
21158$0.10$0.1322.47%$61.00—$2.66$3.05190
15244$0.04$0.0723.82%$62.00—$3.60$3.95300
0513$0.01$0.0424.91%$63.00—$4.55$4.95170
—————$64.00—$5.55$5.90100

Forward $58.45. The 25-delta put carries +4.33 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 27.76%±4.07skew +2.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$8.55$9.05—$50.00—————
02$6.20$6.55—$52.5031.08%$0.13$0.213801
—————$54.0031.80%$0.32$0.4510
013$3.85$4.25—$55.0029.91%$0.47$0.553901
—————$56.0029.40%$0.68$0.8110
—————$57.0027.94%$0.92$1.09712
026$1.99$2.21—$57.5028.55%$1.15$1.336300
710$1.75$1.92—$58.0027.95%$1.36$1.507130
9173$1.25$1.4327.61%$59.00—$1.87$2.00219
41814$0.86$0.9626.71%$60.00—$2.50$2.702,827201
4021$0.58$0.7227.29%$61.00—$3.20$3.35320
12499$0.38$0.5027.42%$62.00—————
181,398$0.30$0.3726.85%$62.50—$4.20$4.604960
968$0.24$0.3127.10%$63.00—————
12$0.15$0.1826.83%$64.00—————
1391,682$0.09$0.1126.89%$65.00—$6.60$7.05831
061$0.06$0.0827.83%$66.00—————
10$0.04$0.0628.80%$67.00—————
11,885$0.03$0.0529.00%$67.50—$9.00$9.5020
—————$70.00—$11.50$11.9520
—————$75.00—$15.20$17.9510

Forward $58.41. The 25-delta put carries +2.11 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 27.71%±4.64skew +1.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$22.10$25.80—$35.00—————
01$8.50$9.10—$50.00—————
05$5.55$6.20—$53.0031.92%$0.29$0.46100
—————$54.0030.66%$0.41$0.5920
—————$55.0028.71%$0.58$0.6842
—————$56.0028.26%$0.80$0.9710
—————$57.0027.71%$1.11$1.30201
—————$58.0027.77%$1.62$1.67146
—————$59.00—$2.01$2.30891
02$1.02$1.3127.43%$60.00—$2.62$2.88200
03$0.72$0.9727.30%$61.00—————
113$0.49$0.7227.34%$62.00—$3.90$4.30550
1100$0.33$0.5427.65%$63.00—$4.65$5.1510
—————$70.00—$11.50$12.1510

Forward $58.41. The 25-delta put carries +1.36 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 27.15%±5.05skew +2.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$55.0029.25%$0.68$0.9511
—————$56.0028.48%$0.92$1.22231
—————$57.0027.90%$1.24$1.5620
—————$58.0027.31%$1.64$1.9680
—————$59.00—$2.13$2.45060
02$1.18$1.4926.94%$60.00—$2.73$3.0550
06$0.85$1.1526.82%$61.00—$3.40$3.7040
13$0.60$0.8726.74%$62.00—————
215$0.30$0.4823.86%$63.00—$4.70$5.40100

Forward $58.44. The 25-delta put carries +2.52 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 25.39%±5.93skew +2.26
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
011$8.45$9.40—$50.0031.07%$0.27$0.36562
—————$52.5029.42%$0.52$0.694410
110$4.55$4.90—$55.0027.05%$0.97$1.1213721
064$2.88$3.05—$57.5025.93%$1.77$1.9749512
63512$1.66$1.7825.09%$60.00—$3.00$3.2574213
4625,549$0.90$0.9424.79%$62.50—$4.75$5.057240
1291,773$0.43$0.5525.33%$65.00—$6.40$7.351050
35744$0.18$0.2725.16%$67.50—————

Forward $58.60. The 25-delta put carries +2.26 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 25.28%±7.22skew +2.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$37.30$40.35—$20.00—————
01$27.30$30.35—$30.00—————
09$19.80$22.85—$37.50—————
0392$16.80$20.80—$40.00—————
0726$14.30$17.50—$42.50—————
0881$13.60$15.25—$45.00—————
0416$11.35$12.25—$47.5031.86%$0.25$0.362480
0702$9.10$9.95—$50.0029.37%$0.43$0.533224
0581$6.95$7.95—$52.5027.88%$0.75$0.9016314
01,000$5.05$5.40—$55.0026.54%$1.29$1.463947
3514$3.45$3.75—$57.5025.88%$2.16$2.3648028
132,993$2.22$2.4325.04%$60.00—$3.30$3.6085510
55,085$1.25$1.5024.23%$62.50—$4.95$5.303850
123,857$0.66$0.8923.91%$65.00—$6.75$7.352060
1737,588$0.35$0.5424.27%$67.50—$9.00$9.503720
—————$70.00—$10.95$12.10200
—————$75.00—$14.95$17.3020

Forward $58.86. The 25-delta put carries +2.63 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 25.12%±8.23skew +4.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$34.25$38.35—$22.50—————
024$26.75$30.85—$30.00—————
040$23.30$25.80—$35.00—————
01,222$20.80$23.30—$37.50—————
0575$17.10$20.90—$40.00—————
0867$16.15$17.10—$42.50—————
61,315$13.85$14.80—$45.0032.31%$0.23$0.352,0170
2463$11.50$12.25—$47.5030.26%$0.40$0.504,1080
27382$9.25$10.20—$50.0028.78%$0.67$0.791,6020
0614$7.25$7.65—$52.5027.66%$1.12$1.2489245
01,494$5.35$5.75—$55.0026.81%$1.81$1.912,5830
01,028$3.80$3.95—$57.5025.80%$2.73$2.8181113
401,382$2.55$2.6624.85%$60.00—$3.80$4.101,0190
111,721$1.63$1.7124.27%$62.50—$5.35$5.702,0721
424,731$0.88$1.0723.42%$65.00—$7.20$7.604760
53,134$0.60$0.7024.29%$67.50—$8.70$9.85980
34,097$0.33$0.4624.47%$70.00—$11.65$11.95790
111142$0.20$0.2324.18%$72.50—$13.30$14.60260
22,809$0.10$0.1624.58%$75.00—————
—————$90.00—$30.00$32.00190

Forward $58.62. The 25-delta put carries +4.24 volatility points over the 25-delta call.

2027-02-19(149 days)ATM 25.40%±9.54skew +3.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$45.0031.81%$0.40$0.501030
—————$47.5030.38%$0.59$0.7980
—————$50.0028.90%$0.92$1.13140
—————$52.5027.55%$1.37$1.6420
057$5.85$6.25—$55.0026.44%$2.04$2.3340
1112$4.25$4.65—$57.5026.16%$3.00$3.40440
015$3.05$3.3525.29%$60.00—$4.20$4.552220
2259$2.10$2.3724.89%$62.50—$5.75$6.101400
0300$1.33$1.5323.94%$65.00—$7.55$7.90300
0177$0.93$0.9924.07%$67.50—————
0397$0.59$0.6423.99%$70.00—————
01,403$0.37$0.4824.56%$72.50—————
07$0.23$0.3525.02%$75.00—————

Forward $58.80. The 25-delta put carries +3.61 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.