Options Skew Analytics

WFC 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 30.26%±1.84skew +0.80
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
29$31.80$32.65—$50.00—————
21$26.70$29.20—$55.00—————
04$21.70$24.20—$60.00—————
401$7.00$7.40—$75.00—————
02$5.95$7.95—$76.00—————
02$4.80$6.35—$77.00—————
24$3.90$4.60—$78.0036.72%$0.02$0.03310217
1819$3.05$3.50—$79.0033.23%$0.03$0.077855
78$2.06$2.47—$80.0032.51%$0.12$0.161,485417
7022$1.31$1.63—$81.0030.91%$0.28$0.36104117
184571$0.74$0.83—$82.0030.30%$0.63$0.743061,262
408513$0.35$0.3930.11%$83.00—$1.14$1.351,04666
404646$0.13$0.1730.35%$84.00—$1.84$2.175,85717
683964$0.04$0.0630.41%$85.00—$2.74$3.054,91921
1321,104$0.02$0.0333.55%$86.00—$3.55$4.101,48956
—————$87.00—$4.45$5.05826185
—————$88.00—$5.45$6.1547140
—————$89.00—$6.05$7.2044
—————$91.00—$7.90$9.1020
—————$93.00—$9.40$11.5020

Forward $82.10. The 25-delta put carries +0.80 volatility points over the 25-delta call.

2026-10-02(9 days)ATM 26.84%±3.46skew +2.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$31.15$34.20—$50.00—————
—————$74.0033.53%$0.02$0.0541
20$5.20$5.70—$77.00—————
—————$79.0029.56%$0.35$0.4626780
72$2.63$2.85—$80.0028.32%$0.49$0.706,338605
3426$1.98$2.17—$81.0027.67%$0.82$0.9653327
8648$1.42$1.59—$82.0027.20%$1.23$1.3632558
609574$0.92$1.0425.88%$83.00—$1.76$1.9453759
472361$0.62$0.7126.51%$84.00—$2.19$2.572350
986220$0.38$0.4326.20%$85.00—$2.96$3.351,69660
98210$0.22$0.2926.74%$86.00—$4.00$4.2031926
—————$87.00—$4.55$5.10679206
572181$0.07$0.1127.49%$88.00—$5.80$6.0518538
—————$89.00—$6.35$7.253870
5081,791$0.01$0.0326.75%$90.00—$7.45$8.051271
—————$91.00—$7.45$9.10190
2370$0.01$0.0332.21%$92.00—————

Forward $82.21. The 25-delta put carries +2.12 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 26.45%±4.56skew +1.48
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
413$31.95$32.60—$50.00—————
—————$73.0032.87%$0.06$0.12190
—————$77.0028.69%$0.25$0.4144210
18$3.80$4.05—$79.0027.33%$0.60$0.7129111
2448$3.10$3.35—$80.0026.81%$0.85$0.9750011
10$2.45$2.68—$81.0026.71%$1.20$1.33558
16163$1.88$2.00—$82.0026.55%$1.62$1.7828313
10861$1.39$1.5226.26%$83.00—$2.14$2.3068516
15153$1.01$1.1025.95%$84.00—$2.58$2.931,0227
17193$0.72$0.7825.86%$85.00—$3.35$3.7028532
1339$0.47$0.5425.52%$86.00—$3.85$4.4512613
3137$0.31$0.3825.66%$87.00—$4.70$5.35522
181,010$0.19$0.3026.24%$88.00—$5.95$6.204233
—————$89.00—$6.50$7.154291
—————$90.00—$7.50$8.15465
—————$91.00—$8.35$9.10380
—————$92.00—$8.80$10.204286

Forward $82.24. The 25-delta put carries +1.48 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 33.16%±6.85skew +1.66
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$74.0035.52%$0.33$0.4668
0250$7.65$8.25—$75.0035.71%$0.51$0.583,63011,342
—————$76.0034.68%$0.60$0.74417411
10$6.05$6.50—$77.0034.30%$0.78$0.94683
1871$5.65$6.15—$77.5034.51%$0.95$1.049,776280
01$5.35$5.75—$78.0033.83%$1.00$1.1732558
—————$79.0033.79%$1.33$1.4425622
2243,115$4.00$4.10—$80.0033.52%$1.66$1.7811,324405
—————$81.0033.31%$2.04$2.193632
1193$2.84$2.96—$82.0032.47%$2.39$2.643162
812972$2.60$2.6633.13%$82.50—$2.77$2.887,1601,082
1,918296$2.35$2.4733.23%$83.00—$3.00$3.15212159
632205$1.87$2.0532.79%$84.00—$3.35$3.75317135
1875,574$1.56$1.6132.57%$85.00—$3.95$4.3510,18876
6243$1.24$1.3132.51%$86.00—$4.55$5.05480
43122$0.96$1.0332.17%$87.00—$5.35$5.75333
5174,566$0.85$0.9132.11%$87.50—$5.90$6.202,06825
13197$0.73$0.8131.95%$88.00—$6.05$6.6005
7,34711,398$0.57$0.6031.71%$89.00—————
8446,674$0.44$0.4831.97%$90.00—$7.80$8.353,0387
94022$0.30$0.4332.37%$91.00—————

Forward $82.30. The 25-delta put carries +1.66 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 31.46%±7.43skew +2.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$73.0033.14%$0.27$0.44222
—————$74.0033.99%$0.44$0.6041
—————$75.0032.95%$0.55$0.705131
02$7.00$7.65—$76.0031.32%$0.57$0.86340
05$6.15$6.85—$77.0032.37%$0.95$1.062969
—————$78.0031.97%$1.20$1.29434
—————$79.0031.79%$1.40$1.6943612
8113$4.15$4.40—$80.0031.63%$1.83$1.96211
021$3.50$3.80—$81.0031.29%$2.21$2.35335
10$2.96$3.25—$82.0031.14%$2.67$2.804512
339$2.54$2.8031.55%$83.00—$3.10$3.458415
011$2.01$2.3030.53%$84.00—$3.55$3.95272
2333$1.71$1.8230.28%$85.00—$4.20$4.50441
418$1.38$1.4830.07%$86.00—$4.90$5.20590
30109$1.10$1.1929.89%$87.00—$5.50$5.9592
6579$0.87$0.9529.77%$88.00—$6.05$6.751830
4252$0.68$0.7529.66%$89.00—$6.85$7.5510
1021$0.51$0.6129.64%$90.00—$7.70$8.45250
2618$0.37$0.5029.64%$91.00—$8.55$9.3530
11,045$0.30$0.4330.34%$92.00—$9.45$10.2510
28$0.11$0.1831.38%$96.00—————

Forward $82.37. The 25-delta put carries +2.20 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 29.51%±7.75skew +2.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
20$17.10$18.00—$65.00—————
06$12.30$13.20—$70.00—————
02$8.05$8.70—$75.0032.36%$0.73$0.8217380
—————$77.0031.60%$1.11$1.2310,31540
—————$78.0031.39%$1.38$1.492221
—————$79.0030.62%$1.59$1.7963
022$4.40$4.95—$80.0030.73%$1.99$2.1515027
—————$81.0029.90%$2.26$2.55170
44$3.25$3.60—$82.0030.52%$2.82$3.051130
626$2.68$2.9929.45%$83.00—$3.25$3.55607
1268$2.30$2.6730.21%$84.00—$3.75$4.10194
030$1.93$2.1529.57%$85.00—$4.35$4.70230
13$1.53$1.7929.09%$86.00—$4.75$5.3550
91$1.26$1.4428.84%$87.00—$5.75$6.10120
44$1.04$1.1828.90%$88.00—————
417$0.85$0.9729.00%$89.00—$6.90$7.6510
20831$0.70$0.7729.02%$90.00—$7.75$8.55250
14$0.54$0.7429.83%$91.00—$8.55$9.45250

Forward $82.49. The 25-delta put carries +2.70 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 29.25%±9.59skew +2.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
19$41.30$44.40—$40.00—————
05$36.60$39.20—$45.00—————
04$31.55$34.50—$50.00—————
03$26.85$29.50—$55.0044.78%$0.02$0.083921
05$21.90$24.30—$60.00—————
016$17.40$19.00—$65.00—————
023$15.00$15.85—$67.50—————
0272$12.65$13.55—$70.0032.48%$0.45$0.553,18610
0214$10.40$11.30—$72.5031.53%$0.74$0.862,569131
0357$8.35$9.15—$75.0030.83%$1.21$1.3110,382326
4478$6.40$7.20—$77.5030.18%$1.86$1.965,529530
191,071$4.95$5.10—$80.0029.57%$2.72$2.855,872444
13473$3.60$3.7529.30%$82.50—$3.90$4.005,190581
2171,441$2.53$2.6028.67%$85.00—$5.25$5.453,59077
2622,693$1.64$1.7628.01%$87.50—$6.55$7.151,8884
3345,581$1.08$1.1627.94%$90.00—$8.40$9.059550
742,006$0.67$0.7727.95%$92.50—$10.50$11.2011812
2274,575$0.43$0.4727.98%$95.00—$12.60$13.401460
43,638$0.20$0.3227.69%$97.50—$14.95$15.75270
505,984$0.15$0.2128.60%$100.00—$17.35$18.20940

Forward $82.22. The 25-delta put carries +2.24 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 28.19%±11.28skew +2.88
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0425$31.65$34.20—$50.00—————
0108$29.20$32.00—$52.50—————
0157$26.90$28.35—$55.00—————
1082$24.75$26.45—$57.5038.96%$0.11$0.178,12736
0505$22.25$24.00—$60.0036.75%$0.15$0.222,13136
040$19.90$21.65—$62.50—————
31364$17.60$18.25—$65.0033.90%$0.36$0.433,2147
1307$15.25$16.90—$67.5032.24%$0.45$0.654,1500
13600$12.95$13.95—$70.0031.75%$0.80$0.915,85720
0145$10.95$11.75—$72.5030.71%$1.16$1.295,18611
1966$9.05$10.10—$75.0030.09%$1.72$1.822,88814
5497$7.25$8.00—$77.5029.43%$2.42$2.539,90137
443,101$5.70$6.00—$80.0028.81%$3.30$3.4566,256118
721,087$4.35$4.5528.32%$82.50—$4.40$4.604,959460
1192,241$3.25$3.4027.89%$85.00—$5.80$6.004,92511
323,956$2.35$2.4527.41%$87.50—$6.95$7.606828
1664,310$1.68$1.7427.21%$90.00—$8.40$9.502,3680
541,531$1.13$1.2226.92%$92.50—$10.80$11.702488
1194,683$0.77$0.8526.93%$95.00—$12.55$13.751,4233
332,473$0.46$0.6326.90%$97.50—$14.45$15.952180
18563,259$0.30$0.4226.88%$100.00—$17.10$18.55700

Forward $82.45. The 25-delta put carries +2.88 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.