Options Skew Analytics

WMB 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 37.62%±2.62skew +0.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$11.50$15.50—$53.00—————
0—$10.80$14.50—$54.00—————
20$9.90$12.00—$55.00—————
30$8.70$10.80—$56.00—————
20$8.70$9.80—$57.00—————
110$7.80$8.80—$58.00—————
110$6.90$7.90—$59.00—————
40$5.90$6.80—$60.00—————
30$4.90$5.90—$61.00—————
—————$64.0038.34%$0.20$0.304,25613
3115$1.85$2.00—$65.0037.74%$0.40$0.5529127
17116$1.20$1.35—$66.0037.95%$0.75$0.9534936
14120$0.70$0.8537.24%$67.00—$1.30$1.451813
60125$0.40$0.5037.63%$68.00—$1.95$2.101691
5945$0.20$0.2536.94%$69.00—————
—————$71.00—$4.30$6.1090
—————$72.00—$5.30$6.00671
—————$73.00—$6.30$8.50540
—————$79.00—$12.30$14.5001
—————$80.00—$13.00$15.5001
—————$83.00—$16.30$18.5001

Forward $66.43. The 25-delta put carries +0.11 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 34.49%±3.98skew +1.92
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$8.60$11.30—$56.00—————
0—$7.60$10.40—$57.00—————
025$4.70$7.10—$60.00—————
04$4.90$5.90—$61.00—————
—————$62.0037.23%$0.25$0.35370
—————$63.0036.27%$0.40$0.50349
01$3.00$3.30—$64.0035.06%$0.60$0.70253
0176$2.35$2.55—$65.0035.11%$0.90$1.054,15410
87$1.75$1.90—$66.0034.71%$1.30$1.453083
214$1.25$1.4034.33%$67.00—$1.80$1.952,0575
4067$0.85$1.0033.98%$68.00—$2.35$2.551,7970
774$0.55$0.6533.14%$69.00—$3.00$3.303210
5231,207$0.35$0.4032.65%$70.00—$3.70$4.206,8800
28201$0.20$0.3033.36%$71.00—$4.40$6.204500
—————$72.00—$5.40$6.1014010
—————$73.00—$6.30$8.608970
—————$74.00—$7.30$9.50280
—————$75.00—$8.10$10.501,8930
—————$76.00—$9.30$11.5050

Forward $66.45. The 25-delta put carries +1.92 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 31.76%±4.69skew +1.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$11.60$14.00—$53.00—————
0—$10.70$13.30—$54.00—————
—————$62.0032.30%$0.35$0.4510
—————$63.0031.63%$0.50$0.65170
—————$64.0032.29%$0.80$0.9530
04$2.55$2.90—$65.0031.42%$1.10$1.25261
—————$66.0032.25%$1.55$1.7590
06$1.55$1.7031.60%$67.00—$2.05$2.20470
23$1.15$1.3031.62%$68.00—$2.55$2.8010
—————$69.00—$3.20$3.50240
26$0.55$0.7031.12%$70.00—$3.80$4.2070
302$0.35$0.5531.49%$71.00—$4.60$6.80270
—————$72.00—$5.40$7.1070
—————$73.00—$6.00$8.6060
—————$75.00—$8.00$10.1020
—————$76.00—$9.10$11.5030

Forward $66.50. The 25-delta put carries +1.18 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 31.21%±5.44skew +1.70
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$11.70$15.20—$53.00—————
0—$10.70$14.60—$54.00—————
—————$60.0033.78%$0.25$0.4004
—————$61.0032.56%$0.35$0.5051
—————$62.0031.79%$0.50$0.6511
—————$63.0032.07%$0.75$0.9060
08$3.50$3.90—$64.0032.09%$1.05$1.2040
01$2.95$3.30—$65.0032.61%$1.40$1.6592
740$2.40$2.55—$66.0031.32%$1.80$1.95543
07$1.90$2.0531.18%$67.00—————
10$1.45$1.6030.70%$68.00—$2.80$3.1090
112$1.10$1.2530.66%$69.00—$3.40$3.8080
31,855$0.80$0.9530.38%$70.00—$4.20$4.40140
32$0.55$0.7530.38%$71.00—————
—————$72.00—$5.60$7.8040
—————$73.00—$6.40$7.9040

Forward $66.60. The 25-delta put carries +1.70 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 32.70%±6.43skew +1.21
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$11.70$15.70—$53.00—————
0—$10.80$14.30—$54.00—————
—————$59.0034.03%$0.30$0.4501
—————$60.0034.03%$0.45$0.6030
—————$61.0033.23%$0.60$0.7530
10$3.90$5.80—$62.0032.66%$0.80$0.9511
—————$63.0032.17%$1.00$1.2512
—————$64.0032.70%$1.35$1.65441
30$3.10$3.50—$65.0033.02%$1.75$2.106010
20$2.60$2.90—$66.0032.85%$2.20$2.55113
—————$67.00—$2.70$3.10180
015$1.65$2.0032.29%$68.00—$3.30$3.70100
050$1.25$1.6031.64%$69.00—$3.90$4.3030
2510$0.95$1.3031.56%$70.00—$4.50$5.0010
1127$0.75$1.0031.46%$71.00—$5.00$7.5021
114$0.45$0.7530.06%$72.00—————

Forward $66.38. The 25-delta put carries +1.21 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 30.44%±8.66skew +2.58
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
022$39.50$43.60—$25.00—————
03$34.60$38.50—$30.00—————
01$26.60$30.60—$38.00—————
024$24.60$28.60—$40.00—————
013$22.40$26.60—$42.00—————
47$21.60$25.00—$43.00—————
0116$19.70$22.80—$45.00—————
0151$17.70$20.30—$47.00—————
1327$14.80$17.10—$50.00—————
0678$11.70$12.20—$55.0034.00%$0.30$0.5065525
6949$7.20$7.90—$60.0032.14%$1.10$1.2092836
642,818$4.10$4.30—$65.0030.89%$2.70$2.855,89796
191,767$1.90$2.0529.93%$70.00—$5.50$5.702,3094
1225,557$0.75$0.8529.56%$75.00—$9.20$9.803,3190
156,155$0.25$0.3029.22%$80.00—$13.70$15.90330
—————$85.00—$18.50$20.8040
—————$90.00—$23.00$25.7010
—————$95.00—$28.00$30.6010

Forward $66.44. The 25-delta put carries +2.58 volatility points over the 25-delta call.

2027-02-19(102 days)ATM 30.91%±10.90skew +2.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$19.70$22.30—$45.00—————
05$14.90$17.40—$50.00—————
—————$55.0033.30%$0.60$0.8516,0380
05$7.00$8.70—$60.0032.44%$1.70$1.8021916
243$5.10$5.30—$65.0031.34%$3.40$3.6014317
10129$2.85$3.0030.60%$70.00—$6.10$6.4012012,006
10130$1.45$1.5530.15%$75.00—$9.50$11.802370
44482$0.60$0.8530.10%$80.00—————
0253$0.25$0.4030.01%$85.00—————

Forward $66.72. The 25-delta put carries +2.29 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 31.76%±12.57skew +0.91
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$24.70$27.60—$40.00—————
06$19.90$22.30—$45.00—————
06$15.20$17.50—$50.0034.43%$0.40$0.501120
—————$55.0033.06%$1.00$1.15613
0220$6.90$9.20—$60.0031.58%$2.10$2.301736
1068$5.40$5.80—$65.0032.01%$3.90$4.705654
0386$3.20$3.6031.36%$70.00—$6.40$7.704470
27856$1.85$1.9530.67%$75.00—$10.00$11.202720
5620$0.90$1.1530.51%$80.00—————
0395$0.45$0.6030.38%$85.00—————

Forward $66.32. The 25-delta put carries +0.91 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.