Options Skew Analytics

UVXY 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 66.75%±0.85skew -21.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
25$4.90$5.45—$12.00—————
33$3.80$4.30—$13.00—————
54218$2.81$3.25—$14.00—————
22$2.34$2.90—$14.50—————
1339$1.78$2.41—$15.00—————
1147$1.37$1.79—$15.50—————
561785$1.09$1.26—$16.0058.08%$0.01$0.021,129215
6141,654$0.66$0.79—$16.5058.31%$0.06$0.08899924
4,1115,777$0.38$0.45—$17.0064.02%$0.23$0.262,8771,352
3,2422,421$0.20$0.2571.63%$17.50—$0.51$0.63835436
2,8523,685$0.10$0.1579.81%$18.00—$0.90$0.96591254
550929$0.05$0.0986.99%$18.50—$1.26$1.586681
6132,104$0.04$0.0698.77%$19.00—$1.70$2.062,16941
59514$0.01$0.05104.83%$19.50—$2.22$2.683231
2091,850$0.03$0.05128.14%$20.00—$2.80$3.1532981
79705$0.01$0.04131.79%$20.50—$3.05$3.5516726
—————$21.00—$3.65$4.105147
—————$21.50—$4.20$5.251055
—————$22.00—$3.80$5.2571
—————$22.50—$5.15$5.5064
—————$23.00—$5.65$6.1017832

Forward $17.17. The 25-delta put carries -21.51 volatility points over the 25-delta call.

2026-10-02(9 days)ATM 65.45%±1.76skew -25.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$4.85$5.50—$12.00—————
322$3.85$4.50—$13.00—————
045$3.00$3.45—$14.00—————
26$2.56$2.96—$14.50—————
48184$1.81$2.30—$15.0054.84%$0.02$0.051386
219$1.32$1.88—$15.5053.50%$0.05$0.1021127
5751,675$1.28$1.49—$16.00—————
235659$0.91$1.05—$16.5058.35%$0.31$0.37295162
1,5431,855$0.68$0.82—$17.0062.42%$0.46$0.7225662
753869$0.58$0.5968.49%$17.50—$0.80$0.971571
2051,109$0.41$0.4972.81%$18.00—$1.18$1.4137349
38174$0.28$0.4075.91%$18.50—$1.49$2.00131
792,001$0.26$0.3383.41%$19.00—$1.93$2.305911
17139$0.20$0.2988.42%$19.50—$2.40$2.95350
467865$0.18$0.2594.53%$20.00—$2.80$3.20974
138$0.15$0.2198.55%$20.50—$3.25$4.1510
64395$0.13$0.21105.65%$21.00—————
—————$21.50—$4.00$4.75150
111117$0.11$0.15113.90%$22.00—$4.75$5.1521
—————$22.50—$5.20$5.75100
11409$0.07$0.12119.62%$23.00—$5.65$6.8560

Forward $17.16. The 25-delta put carries -25.06 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 78.40%±3.37skew -28.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
029$4.20$5.45—$12.00—————
30201$3.80$4.35—$13.0058.21%$0.01$0.04371
3191$2.85$3.45—$14.00—————
05$2.03$2.98—$14.50—————
76207$2.20$2.55—$15.00—————
011$1.38$2.30—$15.5070.87%$0.39$0.65326
20804$1.52$1.92—$16.0069.53%$0.60$0.753,3856
1121$1.38$1.80—$16.5071.51%$0.78$1.05894
57842$1.18$1.48—$17.0074.58%$1.14$1.284589
1019$1.12$1.2478.84%$17.50—$1.46$1.6820
113976$0.97$1.2084.70%$18.00—$1.69$2.093640
1091$0.87$1.0085.95%$18.50—————
143862$0.78$1.0092.41%$19.00—$2.44$2.893190
—————$19.50—$2.80$3.3020
18412,125$0.61$0.7294.05%$20.00—$3.45$3.651,67321
—————$20.50—$3.80$4.2530
501,360$0.49$0.6199.67%$21.00—$4.10$4.65700
461,432$0.43$0.52105.95%$22.00—$5.15$5.55961
—————$22.50—$5.50$5.8541
0494$0.29$0.45107.62%$23.00—$6.05$6.95220
—————$23.50—$6.45$7.9010

Forward $17.12. The 25-delta put carries -28.79 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 86.17%±4.69skew -42.63
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1017$5.35$8.30—$10.00—————
06$4.10$4.60—$13.00—————
—————$14.0068.38%$0.25$0.40389
2827$2.75$3.00—$15.00—————
61120$2.05$2.37—$16.0081.22%$1.06$1.35206
295$1.84$2.25—$16.5079.27%$1.15$1.65127
12196$1.67$2.03—$17.0083.81%$1.58$1.93410
49$1.56$1.8386.63%$17.50—$1.83$2.3930
1394$1.36$1.6085.72%$18.00—$2.29$2.61520
133$1.17$1.6991.60%$18.50—$2.50$3.70120
249$1.11$1.5193.51%$19.00—$2.93$4.7020
03$0.92$1.4494.26%$19.50—$3.45$3.8004
21362$0.92$1.2094.83%$20.00—$3.80$4.1030
—————$20.50—$4.25$5.2010
024$0.76$1.1099.84%$21.00—————
3368$0.72$0.97105.62%$22.00—$5.50$6.1020
—————$22.50—$5.85$7.7510
11102$0.59$0.96111.01%$23.00—————
—————$24.00—$7.05$8.3010
050$0.52$0.74118.43%$25.00—$8.20$8.6020
—————$26.00—$9.20$9.8010

Forward $17.10. The 25-delta put carries -42.63 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 110.14%±8.98skew -40.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$6.00$7.50—$10.00—————
023$4.00$5.20—$13.0084.14%$0.77$1.14311
01$4.05$4.70—$14.0089.97%$1.15$1.8070
0312$3.15$4.25—$15.0090.18%$1.67$2.191050
01$2.70$3.90—$16.0097.92%$2.35$3.00900
511,190$3.15$3.35104.65%$17.00—$3.00$3.301396
0398$2.80$3.20108.25%$18.00—$3.70$4.051891
1127$2.50$2.90109.01%$19.00—$4.25$5.45100
181,251$2.42$2.60112.09%$20.00—$5.20$5.451,3906
2369$1.80$2.54109.55%$21.00—$5.75$7.2520
—————$22.00—$6.60$7.25183
0211$1.50$2.25114.12%$23.00—$7.55$8.102603
11,328$1.66$2.03119.29%$24.00—$8.50$8.90682
0658$1.58$2.11125.00%$25.00—$9.35$9.751532
0139$1.47$2.00126.66%$26.00—$10.10$10.70440
0596$1.37$1.79126.33%$27.00—$11.15$11.551709
0246$1.31$1.64127.29%$28.00—$11.90$12.503360
081$1.02$1.70127.50%$29.00—$12.80$13.60340
0697$1.02$1.62130.13%$30.00—$13.80$14.301,2300
—————$31.00—$14.35$16.651270
—————$32.00—$15.25$17.60310

Forward $16.79. The 25-delta put carries -40.17 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 111.78%±10.68
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$8.55$12.05—$7.00—————
03$7.15$10.60—$8.00—————
02$6.30$9.85—$9.00—————
01,312$6.25$8.90—$10.00—————
04$4.55$7.15—$12.0079.60%$0.58$0.922359
060$4.20$6.30—$13.00—————
026$4.00$5.60—$14.00—————
2237$4.05$4.65—$15.0092.51%$2.09$2.502,3095
13$3.35$4.55—$16.00108.91%$2.77$4.00890
61169$3.55$4.05—$17.00101.29%$3.60$3.80949
0103$3.20$4.20108.57%$18.00—$3.50$5.401500
—————$19.00—$4.30$7.00380
35692$3.00$3.45112.59%$20.00—$4.75$6.459960
—————$21.00—$6.20$7.851,2040
5048$2.15$3.10110.34%$22.00—$6.30$9.05790
—————$23.00—$7.60$9.20730
—————$24.00—$7.70$11.201360
2169$1.67$2.69114.89%$25.00—$8.25$10.604540
—————$26.00—$9.55$12.55440
—————$27.00—$10.45$13.70480
—————$28.00—$11.15$14.85340

Forward $17.10. 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.