Options Skew Analytics

VRT 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 87.37%±18.34skew +6.66
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
3110$25.10$28.10—$175.0098.54%$0.78$0.90230162
281$23.00$25.65—$177.5096.52%$0.96$1.1498166
9145$21.35$23.30—$180.0095.83%$1.30$1.43308258
1113$19.55$20.00—$182.5095.29%$1.66$1.8618575
2299$17.55$17.90—$185.0093.98%$2.13$2.261,873109
21588$15.55$15.95—$187.5093.00%$2.65$2.825171
120258$13.70$14.05—$190.0091.31%$3.10$3.55290373
22137$11.90$12.35—$192.5090.42%$3.90$4.254915
266288$10.25$10.65—$195.0089.93%$4.80$5.1520942
29140$8.75$9.25—$197.5088.49%$5.70$6.1518522
256744$7.35$7.85—$200.0087.61%$6.85$7.25324126
8786$6.20$6.6087.20%$202.50—$8.10$8.701884
255412$5.15$5.5086.69%$205.00—$9.45$10.102635
187142$4.20$4.5085.79%$207.50—$11.05$11.65901
1,156926$3.35$3.7085.18%$210.00—$12.75$13.25252109
182110$2.74$2.9184.65%$212.50—$14.55$15.10423
405254$2.17$2.3184.21%$215.00—$16.45$16.9524121
20657$1.69$1.8383.87%$217.50—$18.50$18.957213
955816$1.28$1.4083.01%$220.00—$20.55$21.8016525
17558$0.98$1.0782.69%$222.50—$21.35$24.25561
750380$0.70$0.8782.66%$225.00—$23.70$26.458011

Forward $200.55. The 25-delta put carries +6.66 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 76.78%±26.75skew +6.90
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
13206$27.05$29.50—$175.0083.60%$2.39$2.639,05926
0—$24.90$27.95—$177.5082.63%$2.82$3.05—1
67112$23.00$25.35—$180.0081.48%$3.20$3.601,80718
3—$20.95$23.60—$182.5080.59%$3.80$4.10—39
9217$19.30$21.95—$185.0080.21%$4.45$4.805,52837
013$17.75$19.80—$187.5080.00%$5.15$5.657636
61173$16.50$17.20—$190.0078.91%$5.95$6.358,18250
1120$14.95$15.55—$192.5078.37%$6.80$7.30802
22115$13.50$14.05—$195.0078.30%$7.85$8.3555327
19203$12.10$12.60—$197.5077.55%$8.90$9.401,34451
388786$10.80$11.25—$200.0077.06%$10.05$10.602,585553
38264$9.60$10.0576.78%$202.50—$11.30$11.9022328
204235$8.55$8.7576.03%$205.00—$12.65$13.2545420
75159$7.40$7.8075.52%$207.50—$14.10$14.752173
2831,940$6.50$6.7574.90%$210.00—$15.70$16.257,539108
112175$5.60$6.0074.76%$212.50—$17.25$17.851382
164169$4.85$5.2074.37%$215.00—$19.05$19.7062815
2398$4.05$4.5573.74%$217.50—$20.20$21.801678
1831,161$3.55$3.8073.31%$220.00—$21.95$23.901,46983
9176$3.00$3.4073.62%$222.50—$23.55$26.30560
95172$2.58$2.7572.75%$225.00—$25.80$28.35739

Forward $200.70. The 25-delta put carries +6.90 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 69.30%±30.91skew +5.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
020$32.20$35.00—$170.0074.91%$2.37$2.7010111
4—$30.10$32.65—$172.5074.35%$2.75$3.15—1
010$28.05$30.50—$175.0073.65%$3.15$3.651285
0—$26.00$28.70—$177.5072.72%$3.60$4.15—2
362$24.10$26.90—$180.0072.35%$4.20$4.7514443
0—$22.25$25.15—$182.5071.69%$4.85$5.35—1
487$21.20$23.05—$185.0071.60%$5.55$6.20835
1—$19.55$20.55—$187.5071.19%$6.30$7.05—0
369$18.05$18.90—$190.0070.80%$7.20$7.90755
1—$16.40$17.30—$192.5070.10%$8.05$8.85—2
40116$15.10$15.75—$195.0069.98%$9.15$9.9013015
0—$13.50$14.50—$197.5069.55%$10.25$11.00—1
2185$12.40$13.00—$200.0069.23%$11.40$12.2514511
2—$11.20$11.9569.42%$202.50—$12.65$13.50—24
6171$10.00$10.7568.75%$205.00—$14.00$14.8510627
1—$8.90$9.7568.48%$207.50—$15.70$16.25—0
143210$8.00$8.4567.47%$210.00—$17.05$17.751284
6698$6.15$6.9567.19%$215.00—$20.10$21.254714
52187$4.85$5.4566.92%$220.00—$23.70$24.901096
30134$3.70$4.2066.30%$225.00—$27.25$29.404872
21136$2.82$3.1565.74%$230.00—$30.85$33.401443

Forward $200.88. The 25-delta put carries +5.38 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 66.89%±35.26skew +6.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$50.95$54.00—$150.0078.88%$0.94$1.523411
01$46.35$49.40—$155.0077.48%$1.34$1.96224
—————$160.0074.69%$1.73$2.37155
05$37.55$40.65—$165.0074.59%$2.51$3.15176
03$33.35$36.05—$170.0072.12%$3.30$3.70481
07$29.40$31.85—$175.0071.32%$4.35$4.754617
173$26.05$28.35—$180.0070.44%$5.55$6.059362
2023$22.60$24.55—$185.0069.79%$6.95$7.703321
162$19.30$20.95—$190.0068.34%$8.45$9.45633
236$16.80$18.00—$195.0067.99%$10.55$11.55634
1622$14.20$15.35—$200.0067.39%$12.80$13.9576233
342497$11.90$12.9066.83%$205.00—$15.35$16.60313
375$9.70$10.7565.92%$210.00—$18.25$19.504131
612$7.95$8.8565.41%$215.00—$21.45$22.70291
3874$6.40$7.1564.65%$220.00—$24.50$26.505390
6230$5.05$5.9564.51%$225.00—$28.70$30.75350
15106$4.05$4.6063.73%$230.00—$31.95$34.55652
33137$3.15$3.6563.30%$235.00—$36.20$38.603629
35105$2.37$2.7662.26%$240.00—$40.15$42.851101
17224$1.73$2.1961.81%$245.00—$44.10$47.2552
2997$1.24$1.7161.32%$250.00—$48.95$51.75241

Forward $201.40. The 25-delta put carries +6.70 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 65.56%±38.98skew +5.91
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$150.0075.33%$1.50$1.94816
—————$155.0074.82%$1.90$2.7452
—————$160.0073.32%$2.44$3.45197
—————$165.0072.56%$3.25$4.35529
—————$170.0070.03%$4.10$5.0062
—————$175.0070.49%$5.20$6.70134
016$27.50$29.45—$180.0068.49%$6.60$7.65959
189$23.95$26.45—$185.0069.34%$8.20$9.951462
4160$20.90$23.15—$190.0068.95%$9.85$12.20812
3449$18.20$20.20—$195.0065.87%$12.05$13.15158
63269$15.40$16.90—$200.0066.86%$14.00$16.70145
1211$12.80$14.4565.54%$205.00—$16.35$19.25123
1559$11.05$12.5566.15%$210.00—$19.50$21.3094
710$9.15$10.2064.47%$215.00—$22.70$25.0571
39$7.50$8.8564.54%$220.00—$26.05$28.054561
1016$6.10$6.9562.92%$225.00—$29.75$31.85150
11238$5.10$5.6062.58%$230.00—$32.85$35.50311
16123$4.00$4.9562.95%$235.00—$36.80$39.5041
2222$2.96$3.7560.94%$240.00—$40.75$43.6011
28$2.49$3.5062.87%$245.00—$45.10$47.9054
1235$1.81$2.5360.80%$250.00—$49.25$52.35201

Forward $200.80. The 25-delta put carries +5.91 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 64.20%±42.26skew +7.30
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
234$65.95$68.55—$135.00—————
2321$61.25$64.30—$140.0075.78%$1.19$1.4149023
051$56.70$59.75—$145.0074.02%$1.49$1.8127615
0105$52.15$54.90—$150.0073.15%$2.05$2.2898525
051$47.80$50.40—$155.0072.02%$2.61$2.9237078
3163$43.40$46.05—$160.0070.45%$3.30$3.5561238
0157$39.35$41.90—$165.0069.78%$4.20$4.5031770
2138$35.45$38.20—$170.0069.00%$5.25$5.608,856127
55161$31.70$34.30—$175.0068.19%$6.45$6.90999191
87359$28.50$30.55—$180.0067.76%$7.95$8.452,27392
93237$25.90$26.45—$185.0066.73%$9.60$10.001,695718
90348$22.90$23.35—$190.0066.28%$11.50$12.004,080706
57252$20.05$20.60—$195.0065.71%$13.60$14.201,22635
169737$17.40$17.80—$200.0065.04%$16.00$16.501,796115
100668$12.85$13.1563.62%$210.00—$21.40$21.951,13165
228848$9.20$9.4562.37%$220.00—$27.70$28.2594576
231873$6.35$6.6561.29%$230.00—$34.55$35.952,51636
1631,975$4.30$4.5560.46%$240.00—$41.80$44.506822
1491,754$2.91$3.0560.02%$250.00—$50.40$53.059928
117894$1.84$2.1359.77%$260.00—$58.90$62.057773
93873$1.18$1.4659.77%$270.00—$68.50$71.403680

Forward $201.36. The 25-delta put carries +7.30 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 62.94%±44.56skew +7.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$48.50$51.60—$155.0073.90%$2.77$4.6026
—————$160.0069.55%$3.60$4.4035
—————$165.0068.66%$4.65$5.2538
11$36.40$39.10—$170.0068.10%$5.75$6.5041
114$32.70$35.50—$175.0066.36%$6.95$7.50227
226$29.45$32.10—$180.0068.14%$8.20$10.40167
78$25.80$28.75—$185.0068.31%$10.05$12.45130
09$23.20$25.60—$190.0065.35%$11.85$13.35100
302$20.45$22.40—$195.0064.10%$13.75$15.40191
17$18.00$20.05—$200.0065.17%$16.20$18.6043
011$15.00$17.4563.12%$205.00—$18.70$21.2010
019$13.40$14.7562.64%$210.00—$21.50$23.95612
43$10.75$12.8560.96%$215.00—$24.25$26.9523
25$9.70$11.2562.00%$220.00—$27.90$30.2032
31$7.70$9.3559.99%$225.00—$30.85$33.6031
411$6.85$8.2561.06%$230.00—$35.20$37.2030
40$5.20$6.6558.77%$235.00—$38.15$41.0510
53$4.80$5.5059.45%$240.00—————
52$3.40$4.7558.08%$245.00—$46.20$49.1510
1426$2.93$3.8057.84%$250.00—$50.25$53.4050
01$2.61$4.0060.87%$255.00—$54.70$57.8020

Forward $201.63. The 25-delta put carries +7.59 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 61.11%±52.94skew +6.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0434$67.60$70.70—$135.00—————
0300$63.20$66.15—$140.0070.49%$2.45$2.972,2843
0596$58.85$61.65—$145.0070.40%$3.05$3.901,4763
1850$54.80$57.40—$150.0068.30%$3.80$4.252,921741
0336$50.45$53.30—$155.0066.88%$4.55$5.001,1253
2345$46.90$49.30—$160.0066.38%$5.60$6.057,05121
0227$42.60$45.70—$165.0065.46%$6.65$7.201,23171
11530$39.00$41.70—$170.0064.97%$8.00$8.55736143
269,139$35.50$37.50—$175.0064.41%$9.50$10.051,2578
24648$33.10$34.60—$180.0063.88%$11.15$11.758,38015
7367$29.50$31.85—$185.0063.02%$12.80$13.603,5935
13389$26.95$28.35—$190.0062.33%$14.70$15.651,5837
13743$24.40$25.45—$195.0062.01%$17.15$17.7588931
1101,514$21.90$22.40—$200.0061.88%$19.60$20.352,44040
46720$17.35$17.9061.04%$210.00—$24.95$25.801,95418
431,187$13.55$13.8559.92%$220.00—$30.80$32.152,48720
10119,550$10.35$10.7059.09%$230.00—$38.05$38.951,8453
461,986$7.80$8.4558.90%$240.00—$45.65$47.402,1922
2993,410$5.85$6.2058.00%$250.00—$52.60$55.451,17711
764,606$4.35$4.7057.75%$260.00—$61.20$63.951,0263
2681,797$3.15$3.3556.93%$270.00—$70.05$72.752,1240

Forward $202.19. The 25-delta put carries +6.41 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.