Options Skew Analytics

VOO 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 11.93%±6.25skew +2.14
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$31.90$34.30—$675.00—————
026$27.40$28.20—$680.00—————
14$22.40$23.60—$685.00—————
01$19.50$21.70—$687.50—————
018$17.10$18.60—$690.00—————
234$14.60$16.80—$692.50—————
951$12.10$13.60—$695.0016.08%$0.20$0.2520165
022$10.00$11.10—$697.5015.42%$0.30$0.455145
5103$7.70$8.90—$700.0014.60%$0.50$0.70331112
039$5.90$7.40—$702.5013.40%$0.75$1.0517227
44178$4.00$4.70—$705.0012.58%$1.25$1.6529479
43352$2.40$2.95—$707.5012.01%$2.10$2.6064174
334296$1.30$1.6511.50%$710.00—$3.30$4.10212916
104848$0.65$0.8011.26%$712.50—$5.20$5.701,39699
177312$0.30$0.3511.25%$715.00—$7.10$8.202625
—————$717.50—$9.70$10.3081
71735$0.05$0.1012.24%$720.00—$11.60$13.8050
—————$722.50—$13.70$16.0010
—————$725.00—$16.10$18.50010
—————$735.00—$26.00$28.30020
—————$742.50—$34.00$36.00—0

Forward $707.83. The 25-delta put carries +2.14 volatility points over the 25-delta call.

2026-10-02(9 days)ATM 11.56%±12.83skew +2.69
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
17$27.20$28.60—$680.0017.17%$0.55$0.75948
01$24.70$27.30—$682.5016.63%$0.65$0.90240
02$22.60$23.90—$685.0015.83%$0.80$0.95515
01$19.90$22.00—$687.5015.37%$0.95$1.20138
116$17.00$19.60—$690.0014.73%$1.15$1.4015835
12$15.10$17.40—$692.5014.19%$1.40$1.70210
24$13.00$14.70—$695.0013.59%$1.80$1.952920
09$11.20$12.40—$697.5013.26%$2.15$2.60163
0148$9.30$10.10—$700.0012.70%$2.70$3.1017923
020$7.30$8.10—$702.5012.25%$3.30$3.9076
238$5.80$6.40—$705.0011.68%$4.10$4.705547
1414$4.40$4.9011.50%$707.50—$5.20$5.901314
33244$3.20$3.6011.08%$710.00—$6.60$7.402713
9172$2.10$2.7010.77%$712.50—$8.20$9.80229
16244$1.55$1.7510.57%$715.00—$9.50$11.1030
19191$1.00$1.2510.53%$717.50—$11.20$13.1010
38205$0.65$0.8010.41%$720.00—$13.20$15.4080
759$0.40$0.5510.46%$722.50—$16.00$17.2010
455$0.25$0.4010.67%$725.00—$18.20$20.6080
34111$0.20$0.3011.15%$727.50—————
—————$735.00—$27.50$29.8010

Forward $706.60. The 25-delta put carries +2.69 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 11.41%±16.89skew +2.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$30.10$33.00—$677.5016.51%$1.05$1.4021
13$27.90$30.10—$680.0016.00%$1.20$1.55383
—————$682.5015.57%$1.35$1.8090
03$23.10$25.40—$685.0015.05%$1.60$1.95302
—————$687.5014.71%$1.85$2.301090
—————$690.0014.17%$2.15$2.55397
04$17.00$18.40—$692.5013.82%$2.55$2.9551
124$15.00$16.20—$695.0013.42%$3.00$3.40453
18$12.80$14.10—$697.5013.07%$3.50$4.00252
547$11.20$11.90—$700.0012.64%$4.10$4.602355
0135$9.00$10.10—$702.5012.56%$4.70$5.80100
062$7.80$8.40—$705.0011.83%$5.50$6.3078
414$6.30$6.9011.40%$707.50—$6.40$7.303526
21150$4.90$5.5010.97%$710.00—$7.70$8.502261
9236$3.90$4.4010.87%$712.50—$9.10$10.10172
3135$3.00$3.4010.68%$715.00—$10.20$11.60170
433$2.20$2.5510.43%$717.50—$12.10$13.6030
5176$1.60$1.9010.29%$720.00—$13.70$15.9010
921$1.15$1.4010.21%$722.50—$15.70$18.1052
1749$0.80$1.0510.19%$725.00—————
850$0.50$0.8010.14%$727.50—————

Forward $707.25. The 25-delta put carries +2.99 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 12.01%±21.33skew +3.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$30.80$34.30—$677.5016.45%$1.95$2.3010
1297$29.00$32.10—$680.0015.92%$2.20$2.4041413
—————$682.5015.62%$2.40$2.8023
2215$23.70$27.30—$685.0015.24%$2.70$3.1010618
0147$19.90$23.00—$690.0014.43%$3.40$3.8023025
—————$692.5014.07%$3.80$4.3091
091$15.90$18.70—$695.0013.70%$4.30$4.8016922
10$14.10$16.60—$697.5013.30%$4.80$5.4040
11143$13.00$13.90—$700.0013.01%$5.50$6.102624,613
011$10.80$12.20—$702.5012.74%$6.20$7.0041
4171$9.80$10.50—$705.0012.33%$7.00$7.801274
122$8.20$9.10—$707.5012.06%$7.90$8.9050
2698$6.90$7.7011.83%$710.00—$9.00$10.1010812
022$5.70$6.2011.42%$712.50—$10.20$11.3070
47405$4.60$5.1011.18%$715.00—$11.40$12.70374
123$3.70$4.1010.98%$717.50—$12.60$14.9042
14301$2.95$3.3010.87%$720.00—$14.20$17.20490
718$2.25$2.5510.63%$722.50—————
28390$1.75$2.0010.56%$725.00—$18.00$21.00290
4260$1.00$1.2010.45%$730.00—$22.30$25.5050
5457$0.55$0.7510.52%$735.00—————

Forward $707.75. The 25-delta put carries +3.21 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 12.17%±24.70skew +3.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$27.60$30.20—$682.5015.29%$3.10$3.7061
11$26.00$28.60—$685.0014.96%$3.50$4.001330
—————$687.5014.65%$3.90$4.4060
08$21.90$24.00—$690.0014.42%$4.30$5.00544
04$19.50$21.90—$692.5014.10%$4.70$5.6020
03$17.60$20.10—$695.0013.71%$5.30$6.0010916
052$15.80$18.50—$697.5013.51%$5.90$6.8010
520$14.70$15.70—$700.0013.08%$6.50$7.402014
369$13.10$14.70—$702.5012.69%$7.30$8.0030
029$11.40$12.20—$705.0012.50%$8.10$9.10140
2117$9.80$10.60—$707.5012.27%$9.10$10.1014
050$8.40$9.2012.02%$710.00—$10.10$11.2051
119$7.20$7.8011.77%$712.50—$11.30$12.40133
393$6.20$6.6011.64%$715.00—$12.60$13.8083
127$5.10$5.5011.37%$717.50—$13.60$15.5020
4198$4.10$4.6011.15%$720.00—$15.00$17.1011
130$3.30$3.8010.98%$722.50—$16.60$19.50170
3264$2.65$3.1010.85%$725.00—————
021$2.00$2.6510.78%$727.50—————
3158$1.65$1.9510.59%$730.00—————
066$1.15$1.6010.42%$732.50—$24.90$28.6011

Forward $708.10. The 25-delta put carries +3.43 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 12.74%±28.74skew +3.51
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
12$32.00$34.30—$680.0016.30%$4.10$4.6077
—————$682.5015.81%$4.40$4.8080
03$26.70$30.80—$685.0015.72%$4.80$5.5021
01$25.90$27.50—$687.5015.15%$5.20$5.6030
04$24.00$25.40—$690.0014.93%$5.60$6.3061
02$21.40$23.70—$692.5014.59%$6.20$6.7030
01$19.60$22.10—$695.0014.44%$6.80$7.5012
052$18.60$19.60—$697.5014.02%$7.30$8.1070
4251$16.70$17.60—$700.0013.72%$8.00$8.8073
811$14.70$16.00—$702.5013.46%$8.80$9.6030
08$13.10$14.40—$705.0013.23%$9.60$10.60158
58$11.80$12.60—$707.50—————
1667$10.40$11.0012.66%$710.00—$11.50$12.6081
310$9.00$9.8012.48%$712.50—$12.60$13.6020
111$7.80$8.5012.25%$715.00—$13.80$15.00511
013$6.70$7.4012.08%$717.50—————
054$5.90$6.3011.98%$720.00—$16.40$18.4010
35115$4.90$5.4011.78%$722.50—$17.80$20.5010
271$4.10$4.6011.64%$725.00—$19.30$22.20150
4133$2.80$3.2011.36%$730.00—————
235$1.90$2.2011.22%$735.00—————

Forward $708.64. The 25-delta put carries +3.51 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 13.49%±38.17skew +4.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$53.10$56.60—$660.0018.34%$3.90$4.40313
04$48.60$52.10—$665.0017.85%$4.40$5.00320
011$44.20$47.70—$670.0017.32%$5.00$5.60495
1310$40.20$43.20—$675.0016.69%$5.60$6.202112
134$36.20$38.80—$680.0016.13%$6.30$7.00270
04$31.90$34.50—$685.0015.76%$7.20$8.20116
08$28.30$30.20—$690.0015.14%$8.30$9.003815
022$24.30$26.20—$695.0014.76%$9.40$10.6041
025$21.30$23.10—$700.0014.11%$10.80$11.70106
111$18.20$19.10—$705.0013.87%$12.80$13.5011518
1534$14.10$15.70—$710.00—$14.30$15.50683
8158$12.10$13.0013.24%$715.00—$16.90$18.0050
7100$10.00$10.5013.00%$720.00—$19.30$20.60140
4153$7.80$8.3012.60%$725.00—$21.80$24.2030
288$6.00$6.5012.31%$730.00—————
233$4.60$5.0012.10%$735.00—————
2122$3.40$3.8011.89%$740.00—$33.40$36.3010
235$2.50$2.8511.75%$745.00—————
377$1.75$2.2011.66%$750.00—————
013$1.20$1.7511.67%$755.00—————
—————$760.00—$51.90$56.2020

Forward $710.00. The 25-delta put carries +4.03 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 13.76%±47.61skew +4.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
214$53.50$57.00—$665.0018.04%$6.90$7.60150
059$49.50$52.90—$670.0017.61%$7.60$8.40390
020$45.40$48.50—$675.0017.11%$8.30$9.2052
17$41.20$44.50—$680.0016.70%$9.50$9.90551
114$37.00$40.40—$685.0016.17%$10.10$11.1030
1623$33.20$36.20—$690.0015.71%$11.20$12.20331
23$30.40$32.00—$695.0015.23%$12.50$13.30170
283$27.00$27.90—$700.0014.94%$14.20$14.801912
16$23.60$24.70—$705.0014.53%$15.40$16.80652
732$20.50$21.30—$710.0014.25%$17.30$18.80200
217$17.30$18.2013.72%$715.00—————
124$14.90$15.6013.51%$720.00—————
040$12.50$13.1013.19%$725.00—$24.00$26.8010
6109$10.30$10.9012.87%$730.00—$27.40$29.9040
327$8.50$9.0012.66%$735.00—$30.00$33.4030
538$6.80$7.3012.39%$740.00—————
039$5.40$5.9012.19%$745.00—$38.00$41.50130
093$4.20$4.8012.04%$750.00—————
016$3.30$3.9011.97%$755.00—$47.10$50.8011
116$2.50$3.1011.84%$760.00—————
07$1.85$2.5011.76%$765.00—————

Forward $712.88. The 25-delta put carries +4.92 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.