Options Skew Analytics

WFC option chain

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

Data as of 6 November 2026 (end of day)

2026-11-13(7 days)ATM 29.96%±3.49skew +3.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$73.0047.45%$0.01$0.05396
—————$75.0040.39%$0.02$0.051421
—————$76.0040.36%$0.04$0.096473
—————$77.0039.16%$0.07$0.13233601
—————$78.0036.23%$0.10$0.1513513
130$5.00$5.45—$79.0035.13%$0.17$0.2219622
101102$3.70$4.90—$80.0034.04%$0.26$0.34306615
0141$3.40$3.55—$81.0031.93%$0.39$0.453015
6261$2.61$2.77—$82.0031.82%$0.61$0.73370669
31,648$1.90$2.07—$83.0030.72%$0.89$1.0550483
256322$1.35$1.44—$84.0030.03%$1.30$1.48372648
326629$0.85$0.9728.92%$85.00—$1.83$2.0138170
1331,305$0.50$0.6027.98%$86.00—$2.47$2.643618
2,1971,339$0.30$0.3728.14%$87.00—$2.82$3.503473
2241,120$0.15$0.1927.23%$88.00—$3.25$4.40220
521,046$0.08$0.1127.64%$89.00—$4.40$5.7580
34335$0.04$0.0929.33%$90.00—$5.20$6.40461
—————$92.00—$6.80$9.151850

Forward $84.01. The 25-delta put carries +3.84 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 29.16%±4.80skew +4.24
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
037$8.80$9.75—$75.0037.58%$0.13$0.1711,829266
—————$77.0035.46%$0.23$0.3112038
1305$6.70$7.00—$77.5034.86%$0.28$0.3411,69774
06$5.60$7.75—$78.0034.10%$0.29$0.415012
1500$5.25$6.20—$79.0033.38%$0.45$0.511,19387
901,900$4.55$4.85—$80.0032.46%$0.61$0.677,811153
20649$3.75$4.05—$81.0031.62%$0.82$0.8850190
28883$3.05$3.30—$82.0030.67%$1.07$1.15656110
43,437$2.74$2.94—$82.5030.46%$1.24$1.327,47970
458258$2.51$2.62—$83.0030.11%$1.41$1.511,55857
821,195$1.93$2.02—$84.0029.32%$1.82$1.92410432
3917,912$1.42$1.5428.71%$85.00—$2.32$2.535,11514
1571,192$1.01$1.1027.87%$86.00—$2.88$3.151590
631,550$0.69$0.7827.40%$87.00—$3.50$3.8043322
3587,926$0.56$0.6727.38%$87.50—$3.90$4.201,8754
353,846$0.46$0.5327.02%$88.00—$3.70$4.606160
69539$0.29$0.3726.93%$89.00—$4.40$6.351040
1788,466$0.18$0.2326.57%$90.00—$5.95$6.508144
—————$91.00—$6.20$7.9510
—————$92.50—$7.50$9.501030
—————$95.00—$10.15$12.101580

Forward $84.11. The 25-delta put carries +4.24 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 27.90%±5.63skew +3.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$18.80$21.10—$65.00—————
01$13.35$15.65—$70.00—————
04$8.60$10.65—$75.0035.36%$0.21$0.34946
—————$77.0032.16%$0.31$0.4714112
—————$78.0031.66%$0.41$0.631150
059$5.10$7.00—$79.0031.16%$0.61$0.761360
0115$4.50$6.15—$80.0030.00%$0.75$0.952975
648$4.05$4.40—$81.0029.88%$1.02$1.2327022
9251$3.35$3.65—$82.0029.02%$1.31$1.501551
349$2.73$2.99—$83.0028.46%$1.66$1.872685
4320$2.18$2.41—$84.0028.01%$2.08$2.321011
4103$1.69$1.9227.60%$85.00—$2.59$2.831420
4592$1.27$1.4626.92%$86.00—$3.10$3.4590
2359$0.95$1.0926.55%$87.00—$3.75$4.05150
75453$0.70$0.8026.33%$88.00—$3.80$5.5530
01,434$0.47$0.6826.78%$89.00—$4.55$6.5030
80663$0.33$0.4526.21%$90.00—$5.45$7.2540

Forward $84.10. The 25-delta put carries +3.67 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 27.32%±6.37skew +3.84
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$77.0032.00%$0.48$0.691116
—————$78.0031.57%$0.65$0.84640
02$5.60$7.30—$79.0029.96%$0.79$0.931740
11$5.00$6.40—$80.0029.79%$1.05$1.16509
—————$81.0028.90%$1.26$1.42191
636$3.65$4.05—$82.0028.88%$1.57$1.82233151
052$2.95$3.45—$83.0028.22%$1.95$2.151415
028$2.54$2.75—$84.0027.55%$2.36$2.5619012
301157$2.04$2.2327.05%$85.00—$2.86$3.101440
1585$1.61$1.7826.63%$86.00—$3.40$3.70190
1429$1.22$1.4426.36%$87.00—$3.95$4.3060
21,541$0.88$1.1926.24%$88.00—$4.70$5.0520
098$0.64$0.9225.94%$89.00—————
5233$0.51$0.6325.57%$90.00—$5.45$7.5031
—————$91.00—$6.30$8.25200
10470$0.25$0.3925.75%$92.00—————
424$0.18$0.2925.82%$93.00—————

Forward $84.19. The 25-delta put carries +3.84 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 27.72%±7.23skew +3.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$78.0030.08%$0.66$1.05150
—————$79.0030.70%$0.88$1.4030
30$5.40$5.80—$80.0028.96%$1.10$1.45193
—————$81.0029.24%$1.38$1.8612
05$3.95$4.50—$82.0028.77%$1.70$2.1940
04$3.30$3.90—$83.0028.22%$2.04$2.5830
18$2.86$3.20—$84.0027.90%$2.51$2.99120
05$2.34$2.7227.60%$85.00—$3.00$3.4540
09$1.82$2.3527.30%$86.00—$3.55$4.0020
016$1.50$1.9627.38%$87.00—$4.15$4.6010
819$1.19$1.3926.00%$88.00—$4.80$5.35100
037$0.90$1.0525.32%$89.00—————
937118$0.70$0.8625.52%$90.00—$5.75$7.5040
84213$0.52$0.7425.86%$91.00—————
2216$0.40$0.4925.14%$92.00—————
11846$0.28$0.4425.61%$93.00—————
199$0.19$0.3125.09%$94.00—————

Forward $84.28. The 25-delta put carries +3.64 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 27.34%±7.82skew +4.33
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
28125$33.85$35.05—$50.00—————
22$31.40$32.60—$52.50—————
010$28.40$30.65—$55.00—————
232$26.20$27.05—$57.50—————
1515$23.80$25.45—$60.00—————
011$21.00$23.15—$62.50—————
013$19.10$20.15—$65.00—————
0109$16.60$17.65—$67.50—————
0558$14.20$15.55—$70.0036.80%$0.26$0.316,68311
0157$11.85$12.85—$72.5034.77%$0.40$0.476,72462
0942$9.75$10.40—$75.0033.01%$0.65$0.707,164394
2825$7.60$8.10—$77.5031.16%$0.99$1.0615,968377
114,290$5.70$6.00—$80.0029.57%$1.50$1.6267,065786
541,933$4.10$4.35—$82.5028.40%$2.30$2.436,684148
2113,881$2.72$2.8327.20%$85.00—$3.35$3.555,39970
2,7657,951$1.64$1.7826.22%$87.50—$4.60$5.051,25429
3909,516$0.92$0.9925.24%$90.00—$6.50$6.852,37022
1392,955$0.47$0.5424.77%$92.50—$8.00$9.102460
414,623$0.24$0.3024.93%$95.00—$10.15$11.651,4190
—————$97.50—$12.55$14.402280
—————$100.00—$14.20$17.55600

Forward $84.32. The 25-delta put carries +4.33 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 28.75%±10.67skew +5.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07,022$28.70$30.80—$55.00—————
39137$26.30$28.30—$57.5045.47%$0.11$0.162,6764
0371$23.55$25.95—$60.0044.62%$0.17$0.265,9993
0327$21.20$23.25—$62.5041.63%$0.23$0.296,2045
01,640$19.60$20.80—$65.0039.32%$0.32$0.3619,8274,720
10379$16.95$17.65—$67.5038.01%$0.45$0.549,48926
16,304$15.00$16.00—$70.0036.05%$0.64$0.6919,251774
0497$12.35$13.80—$72.5034.39%$0.88$0.9511,073143
83,166$10.75$11.10—$75.0033.16%$1.25$1.3317,422360
16745$8.75$9.15—$77.5031.78%$1.73$1.817,187990
196,657$6.95$7.30—$80.0030.84%$2.40$2.5111,694148
52,862$5.40$5.60—$82.5029.71%$3.20$3.404,57545
1078,102$4.00$4.2028.91%$85.00—$4.30$4.5011,62994
19214,654$2.85$2.9627.81%$87.50—$5.65$5.902,88910
30713,044$1.99$2.0327.21%$90.00—$7.25$7.552,96517
2,2725,410$1.31$1.3426.60%$92.50—$8.65$9.505850
1778,578$0.80$0.8626.00%$95.00—$11.10$11.607451
537,313$0.52$0.5425.95%$97.50—$12.65$14.652430
6310,937$0.32$0.3425.92%$100.00—$14.85$16.657510
1814,743$0.11$0.1426.12%$105.00—$19.70$21.90510
—————$110.00—$24.70$27.1010

Forward $84.70. The 25-delta put carries +5.18 volatility points over the 25-delta call.

2027-03-19(133 days)ATM 28.11%±14.40skew +5.12
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$43.35$45.85—$40.00—————
010$41.10$43.40—$42.50—————
0182$33.75$36.05—$50.00—————
2529$29.35$30.65—$55.00—————
0812$24.75$25.60—$60.00—————
018$19.45$21.50—$65.0035.37%$0.72$0.863,15136
091$17.10$19.35—$67.5034.35%$0.98$1.123,96813
069$15.00$17.05—$70.0033.56%$1.36$1.455,784206
2284$13.75$14.90—$72.5032.49%$1.76$1.864,432391
2533$11.25$12.60—$75.0031.43%$2.27$2.3510,73151
02,467$9.60$11.10—$77.5030.65%$2.88$3.058,4840
18774$8.35$8.90—$80.0029.86%$3.65$3.858,75953
56277$6.90$7.15—$82.5029.18%$4.60$4.803,77951
311,085$5.55$5.7028.33%$85.00—$5.65$5.901,75660
441,771$4.40$4.5527.85%$87.50—$7.00$7.2594275
852,489$3.40$3.5527.30%$90.00—$8.50$8.7542326
1423,636$2.55$2.7026.70%$92.50—$9.60$11.101840
11410,617$1.90$2.0326.32%$95.00—$11.35$13.252610
382,392$1.04$1.1125.94%$100.00—$15.45$17.35140
5102,196$0.49$0.6425.77%$105.00—————
—————$110.00—$24.05$28.1010

Forward $84.85. The 25-delta put carries +5.12 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.