Options Skew Analytics

VRTX option chain

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

Data as of 9 November 2026 (end of day)

2027-01-15(67 days)ATM 35.47%±84.62skew +2.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
039$125.00$131.70—$430.00—————
017$116.00$122.50—$440.00—————
0546$107.00$113.50—$450.00—————
0110$98.00$104.70—$460.00—————
072$89.20$96.10—$470.00—————
053$81.00$87.60—$480.00—————
1102$73.00$79.50—$490.0040.15%$10.00$13.603080
0159$65.00$71.40—$500.0036.64%$9.00$15.002500
0223$58.00$64.30—$510.0036.89%$11.80$18.402890
0144$51.00$57.10—$520.0037.59%$15.80$22.30790
0349$44.70$50.70—$530.0036.00%$18.50$24.50983
1511$40.10$44.40—$540.0036.06%$22.00$29.602810
1557$33.30$39.60—$550.0034.97%$27.50$31.50233
3213$29.30$35.7035.96%$560.00—$32.00$39.2070
3119$23.40$29.5034.09%$570.00—$37.60$45.2050
0348$21.00$24.8034.38%$580.00—$43.80$50.8010
0160$17.70$20.6033.98%$590.00—————
4194$16.10$19.2035.68%$600.00—$57.70$64.9020
365$13.60$15.0034.84%$610.00—$65.30$72.5010
4522$10.50$12.9034.43%$620.00—$73.30$80.0010
033$6.70$10.7032.91%$630.00—$81.40$88.5010

Forward $556.88. The 25-delta put carries +2.46 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 37.30%±124.65skew +4.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$118.00$125.10—$450.00—————
07$110.00$117.00—$460.00—————
014$102.00$109.30—$470.0038.99%$12.60$18.00650
012$94.70$102.50—$480.0039.88%$14.90$22.90580
020$88.00$94.50—$490.0039.74%$18.30$25.40210
013$81.00$87.80—$500.0038.89%$20.10$28.50180
08$74.00$81.80—$510.0038.58%$23.50$31.70440
061$68.00$74.70—$520.0038.23%$27.00$35.30700
0301$62.00$69.00—$530.0037.93%$30.80$39.301270
0176$56.00$63.10—$540.0037.83%$35.60$43.40170
125$51.00$57.60—$550.0037.64%$40.30$48.0060
1117$46.00$52.1037.44%$560.00—$45.30$52.90171
218$41.00$48.1037.31%$570.00—$50.70$58.30230
147$37.00$44.0037.29%$580.00—$56.20$63.9040
019$33.00$39.9037.05%$590.00—————
033$29.00$36.5036.86%$600.00—$68.20$76.0010
08$25.00$32.8036.32%$610.00—————
053$22.00$29.3036.04%$620.00—————
02$19.00$26.4035.78%$630.00—————
010$16.90$21.4034.77%$640.00—————
085$12.10$18.6035.01%$660.00—————

Forward $559.95. The 25-delta put carries +4.73 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 35.47%±156.01skew +3.50
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
049$123.00$130.10—$460.0038.81%$17.60$25.60860
083$116.00$122.80—$470.0038.30%$20.00$27.90600
072$109.00$115.10—$480.0037.92%$22.70$30.60470
082$102.00$108.40—$490.0037.61%$25.70$33.60230
01,735$95.10$101.60—$500.0037.29%$28.90$36.802710
047$89.00$95.20—$510.0037.03%$32.70$40.00590
073$83.00$89.00—$520.0036.74%$36.40$43.70212
552$77.00$83.10—$530.0036.46%$40.40$47.60280
079$72.00$77.50—$540.0036.38%$45.00$52.00250
191$66.40$72.00—$550.0036.26%$50.00$56.40620
035$61.00$66.90—$560.0036.12%$55.00$61.201160
070$57.00$62.7035.98%$570.00—$59.90$66.60370
099$52.00$58.1035.59%$580.00—$65.00$72.002200
023$48.00$53.8035.44%$590.00—————
0186$44.00$49.4035.13%$600.00—$77.00$83.90970
043$40.00$45.9034.95%$610.00—$83.30$90.20750
025$36.30$42.3034.69%$620.00—————
0126$33.00$39.2034.58%$630.00—$96.80$103.8010
021$30.00$36.2034.46%$640.00—————
03$24.80$30.9034.33%$660.00—————
016$20.00$26.4034.12%$680.00—————

Forward $566.51. The 25-delta put carries +3.50 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.