Options Skew Analytics

WELL option chain

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

Data as of 9 November 2026 (end of day)

2026-12-18(39 days)ATM 25.30%±20.43skew +4.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$95.10$98.80—$150.00—————
01$75.00$79.10—$170.00—————
07$70.00$73.90—$175.00—————
05$65.00$68.70—$180.00—————
04$60.10$64.00—$185.00—————
012$55.40$59.00—$190.00—————
034$50.50$53.50—$195.00—————
010$46.20$48.60—$200.00—————
025$36.60$38.30—$210.00—————
0567$27.00$29.40—$220.0030.17%$1.20$1.501,2706
6440$18.30$21.00—$230.0028.22%$2.40$3.1034224
0544$11.90$13.20—$240.0026.22%$4.70$5.802662
781,307$6.30$7.1025.08%$250.00—$9.00$10.30430
10629$2.85$3.3024.04%$260.00—————
11,729$1.20$1.7024.86%$270.00—————
15144$0.45$0.7024.94%$280.00—————

Forward $247.04. The 25-delta put carries +4.18 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 25.16%±26.70skew +2.25
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$105.50$109.20—$140.00—————
026$100.60$103.70—$145.00—————
0117$95.70$98.80—$150.00—————
0136$90.70$93.80—$155.00—————
045$85.80$88.90—$160.0046.66%$0.15$0.251194
0352$80.90$84.00—$165.00—————
0947$75.90$79.50—$170.00—————
0203$71.20$74.10—$175.00—————
51,020$66.20$69.00—$180.00—————
0319$61.80$64.30—$185.00—————
0460$56.90$59.30—$190.00—————
0104$52.10$54.50—$195.00—————
2560$47.90$50.50—$200.0032.68%$0.70$1.001,4092
6629$37.90$40.40—$210.0031.18%$1.20$1.952,1351
0826$29.00$31.50—$220.0027.93%$2.15$2.551,0854
150674$21.80$22.60—$230.0026.63%$3.80$4.60854
1515$13.80$16.20—$240.0025.21%$6.60$7.503032
2661$8.70$10.3025.15%$250.00—$10.90$12.701190
109842$5.20$5.8024.40%$260.00—$17.00$19.3060
2692$2.85$3.3024.38%$270.00—————
2295$1.20$1.7023.64%$280.00—————

Forward $247.68. The 25-delta put carries +2.25 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 25.56%±33.64skew +3.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$86.50$90.40—$160.00—————
02$67.30$71.20—$180.00—————
02$62.60$66.20—$185.00—————
01$57.90$61.60—$190.00—————
03$48.70$51.80—$200.00—————
02$39.80$43.10—$210.0031.32%$2.30$3.60410
06$31.60$34.30—$220.0029.69%$3.60$5.304190
732$23.90$26.20—$230.0028.01%$6.00$7.101380
167$17.20$19.60—$240.0026.55%$9.00$10.10461
0466$11.80$13.8025.62%$250.00—————
032$7.60$9.7025.30%$260.00—$18.50$21.3070
3143$4.90$5.9024.60%$270.00—————
0173$2.85$4.2024.99%$280.00—————

Forward $248.95. The 25-delta put carries +3.41 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 25.49%±37.88skew +3.46
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$101.50$105.40—$145.00—————
—————$190.0033.32%$1.35$2.051,9840
02$49.30$52.40—$200.00—————
06$40.60$43.50—$210.0031.23%$3.60$4.601371
0242$32.60$35.30—$220.0028.65%$5.10$5.708230
0123$25.10$27.60—$230.0027.42%$7.30$8.301,6974
01,137$18.30$21.00—$240.0026.39%$10.30$11.904897
2884$13.90$15.1025.65%$250.00—$14.90$16.1082
2255$9.10$10.9024.81%$260.00—————
1131$6.20$7.1024.26%$270.00—$26.70$29.2010
059$3.90$4.7023.96%$280.00—————
05$2.60$3.2024.32%$290.00—————
01$1.45$2.2524.37%$300.00—————

Forward $248.99. The 25-delta put carries +3.46 volatility points over the 25-delta call.

2027-05-21(193 days)ATM 26.03%±47.35skew +2.89
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$65.50$68.80—$185.00—————
0395$61.30$64.10—$190.00—————
0134$56.90$59.60—$195.0033.28%$3.10$5.105500
0138$52.60$54.80—$200.0032.15%$3.70$5.50480
02$44.20$46.70—$210.0029.49%$5.20$6.007943
1230$36.30$38.60—$220.0027.87%$7.00$7.803,5420
0761$28.80$31.40—$230.0026.83%$9.50$10.601,0721
01,069$23.00$25.00—$240.0026.12%$12.90$14.301,0111
0558$17.40$19.70—$250.0026.08%$17.20$19.60580
0271$13.10$15.5025.91%$260.00—————
885$9.60$10.9024.91%$270.00—————
3662$6.90$8.3024.90%$280.00—$36.10$39.00110
01$4.70$6.5024.98%$290.00—————
052$2.15$3.4024.72%$310.00—————

Forward $250.15. The 25-delta put carries +2.89 volatility points over the 25-delta call.

2027-08-20(284 days)ATM 25.73%±57.22skew +2.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$190.0031.82%$4.00$5.7060
—————$200.0030.65%$5.30$7.40340
—————$210.0029.32%$7.00$9.20870
02$40.30$43.20—$220.0028.11%$9.10$11.5060
04$33.20$36.30—$230.0027.16%$12.00$14.30280
01$27.10$30.10—$240.00—————
018$21.50$24.50—$250.00—————
0123$17.40$20.0025.66%$260.00—$25.20$27.5010
099$13.50$15.8025.10%$270.00—————
027$10.30$12.7024.88%$280.00—————
064$7.80$9.7024.46%$290.00—————
01$6.00$8.5025.13%$300.00—————
01$4.40$6.7024.98%$310.00—————
01$3.30$5.2024.92%$320.00—————

Forward $252.09. The 25-delta put carries +2.99 volatility points over the 25-delta call.

2027-11-19(375 days)ATM 26.06%±67.09skew +3.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$105.00$108.60—$145.00—————
010$100.50$104.10—$150.00—————
03$96.00$99.60—$155.00—————
016$83.00$86.60—$170.00—————
011$78.50$82.60—$175.00—————
01$74.30$78.10—$180.0032.18%$4.10$5.80110
03$66.00$70.10—$190.00—————
021$62.20$66.00—$195.00—————
03$58.50$61.60—$200.0029.80%$7.00$8.8030
02$51.00$54.20—$210.0028.75%$8.90$10.90212
020$44.00$47.00—$220.0027.86%$11.30$13.5020
019$37.30$40.90—$230.0027.23%$14.30$16.8050
0640$31.30$34.80—$240.0026.87%$18.00$20.908510
045$26.00$29.50—$250.0026.56%$22.40$25.5010
045$21.50$24.7026.12%$260.00—$27.60$30.7010
0256$17.50$21.0025.94%$270.00—————
013$13.90$17.2025.40%$280.00—————
014$11.10$14.2025.18%$290.00—————
06$8.70$11.4024.80%$300.00—————
01$6.70$9.5024.71%$310.00—————
050$2.50$4.0024.47%$350.00—————

Forward $253.97. The 25-delta put carries +3.15 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.