Options Skew Analytics

WMB option chain

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

Data as of 23 September 2026 (end of day)

2026-10-02(9 days)ATM 29.29%±3.28skew -0.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$30.90$33.40—$40.00—————
01$25.70$28.40—$45.00—————
02$20.70$22.90—$50.00—————
02$15.70$18.40—$55.00—————
1046$5.30$6.00—$66.00—————
1046$4.30$5.00—$67.00—————
10$2.75$2.95—$69.0029.95%$0.40$0.50423
01$2.05$2.30—$70.0029.55%$0.65$0.8083134
024$1.45$1.60—$71.0029.52%$1.05$1.20161
3185$0.95$1.1029.03%$72.00—$1.55$1.701203
8591$0.60$0.7529.29%$73.00—$2.20$2.45250
4155$0.35$0.5530.25%$74.00—$3.00$3.2075
—————$75.00—$3.20$4.10424
—————$76.00—$4.50$5.0012
—————$77.00—$4.40$6.3010
1079$0.05$0.1033.49%$78.00—————

Forward $71.40. The 25-delta put carries -0.29 volatility points over the 25-delta call.

2026-10-09(16 days)ATM 28.78%±4.31skew +1.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$67.0030.97%$0.30$0.4520,1540
10$3.70$5.20—$68.0029.85%$0.45$0.60181
02$3.10$3.40—$69.0029.69%$0.70$0.85390
05$2.45$2.70—$70.0029.03%$1.00$1.15110
0106$1.85$2.15—$71.0029.50%$1.45$1.6090
015$1.35$1.5528.40%$72.00—$1.95$2.1040
123$1.00$1.1528.73%$73.00—$2.55$2.7040
6135$0.65$0.8027.96%$74.00—$3.20$3.5010
024$0.45$0.6028.66%$75.00—$3.80$4.3010
129$0.30$0.4028.60%$76.00—————
134134$0.10$0.1536.59%$81.00—————

Forward $71.48. The 25-delta put carries +1.03 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 27.80%±4.99skew +0.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
09$11.00$12.70—$60.00—————
022$6.50$7.60—$65.00—————
—————$66.0029.20%$0.30$0.4070
—————$67.0028.21%$0.40$0.55171
02$4.00$5.20—$68.0028.33%$0.65$0.754122
—————$69.0028.98%$0.95$1.10410
0858$2.75$2.95—$70.0028.07%$1.30$1.354,2721,324
018$2.20$2.50—$71.0027.95%$1.70$1.80361
140998$1.70$1.8027.77%$72.00—$2.20$2.30539
2245$1.30$1.4027.87%$73.00—$2.80$3.20126
124$0.95$1.0527.60%$74.00—$3.40$3.90170
166,147$0.70$0.8027.86%$75.00—$3.60$4.402881
4435$0.50$0.6028.01%$76.00—————
30418$0.20$0.3027.37%$78.00—————
012$0.15$0.2528.54%$79.00—————
—————$80.00—$7.90$9.10550

Forward $71.50. The 25-delta put carries +0.47 volatility points over the 25-delta call.

2026-10-23(30 days)ATM 29.11%±5.97skew +0.64
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
060$6.60$7.60—$65.00—————
—————$67.0029.49%$0.65$0.8024,1223
—————$68.0029.39%$0.90$1.05102
—————$69.0029.18%$1.20$1.3570
04$3.00$3.50—$70.0029.15%$1.55$1.75292
161$2.00$2.3529.11%$72.00—$2.50$2.70236
15$1.50$1.9528.75%$73.00—————
03$1.25$1.4528.51%$74.00—$3.60$4.1083
115$0.95$1.1028.12%$75.00—————
32$0.75$0.9028.75%$76.00—————

Forward $71.57. The 25-delta put carries +0.64 volatility points over the 25-delta call.

2026-10-30(37 days)ATM 29.65%±6.79skew +1.76
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
053$6.60$8.10—$65.0030.28%$0.45$0.5528,3525
—————$66.0030.22%$0.55$0.8017,18812
—————$67.0031.74%$0.80$1.2030
—————$68.0030.99%$1.05$1.40110
—————$69.0030.33%$1.25$1.7560
03$3.40$4.10—$70.0030.86%$1.75$2.1020
02$2.80$3.50—$71.0030.71%$2.15$2.55120
06$2.30$3.0029.67%$72.00—$2.40$3.1050
051$1.85$2.5529.61%$73.00—$3.20$3.7010
02$1.50$2.2030.04%$74.00—————
020$1.15$1.8029.58%$75.00—————
10$0.90$1.4529.39%$76.00—————
13$0.70$1.1529.22%$77.00—————
058$0.30$0.4527.90%$80.00—————

Forward $71.90. The 25-delta put carries +1.76 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 30.64%±8.77skew +1.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
013$11.90$12.30—$60.0033.33%$0.30$0.403180
0153$7.70$8.60—$65.0031.44%$0.95$1.103,36090
16476$4.30$4.60—$70.0030.91%$2.55$2.703,09049
1,2482,631$2.10$2.2530.42%$75.00—$5.30$5.502,2190
15776,864$0.85$1.0030.27%$80.00—$8.40$9.80430
42,130$0.30$0.4030.33%$85.00—$12.70$14.50410

Forward $71.84. The 25-delta put carries +1.17 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 30.02%±10.46skew +1.30
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$25.20$28.90—$45.00—————
0214$19.80$24.00—$50.00—————
025$16.70$18.00—$55.00—————
031$12.10$13.30—$60.0032.43%$0.60$0.7020912
0300$7.70$9.30—$65.0030.69%$1.45$1.601,171205
22564$4.90$5.20—$70.0030.31%$3.20$3.401,56717
291,245$2.70$2.8529.75%$75.00—$6.00$6.201680
516,180$1.30$1.4529.39%$80.00—$9.00$9.90410
31,782$0.55$0.8029.92%$85.00—$13.00$14.8020
1281$0.25$0.3530.02%$90.00—$16.60$20.8030
—————$100.00—$26.70$30.5010

Forward $71.77. The 25-delta put carries +1.30 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 29.39%±11.80skew +1.52
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
022$44.60$48.60—$25.00—————
03$39.70$43.60—$30.00—————
01$31.80$35.70—$38.00—————
024$29.90$33.70—$40.00—————
013$27.60$31.90—$42.00—————
07$26.60$30.90—$43.00—————
0116$25.10$28.90—$45.00—————
0153$23.90$26.90—$47.00—————
0352$21.00$23.70—$50.00—————
0768$16.90$17.70—$55.0032.44%$0.30$0.405320
0983$12.10$13.80—$60.0031.10%$0.80$0.954843
02,904$8.30$9.60—$65.0030.46%$1.90$2.054,8961,553
01,742$5.50$5.70—$70.0029.80%$3.70$3.9086110
354,139$3.20$3.4029.15%$75.00—$6.40$6.603,2390
1023,718$1.75$1.9028.94%$80.00—$9.10$10.70190
2481,904$0.90$1.0529.11%$85.00—$13.20$14.80120
241,108$0.35$0.5528.56%$90.00—$17.60$19.6010
—————$95.00—$21.70$25.6010

Forward $71.82. The 25-delta put carries +1.52 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.