Options Skew Analytics

WMT option chain

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

Data as of 24 September 2026 (end of day)

2026-09-25(1 day)ATM 27.98%±1.58skew -1.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$10.75$12.70—$97.00—————
222$9.55$11.70—$98.00—————
018$8.75$9.80—$99.00—————
1119$7.75$8.95—$100.00—————
246$6.75$7.95—$101.00—————
55136$5.75$6.50—$102.00—————
5447$4.75$5.60—$103.00—————
121,001$3.75$4.60—$104.0035.95%$0.01$0.034,388377
1291,562$2.66$3.40—$105.0029.04%$0.02$0.032,226690
1231,065$1.82$2.41—$106.0027.51%$0.08$0.091,91114,630
5763,767$1.09$1.17—$107.0027.51%$0.26$0.303,0564,599
1,7453,320$0.54$0.5928.07%$108.00—$0.69$0.721,8574,111
4,9042,808$0.22$0.2528.83%$109.00—$1.35$1.381,8283,121
12,70832,927$0.08$0.0929.87%$110.00—$2.08$2.302,101933
4,3316,846$0.04$0.0534.17%$111.00—$2.76$3.30340315
2,7737,665$0.02$0.0338.11%$112.00—$3.45$4.30162124
2,2985,151$0.01$0.0242.02%$113.00—$4.40$5.30158242
—————$114.00—$5.15$6.3027
—————$115.00—$6.10$7.5032
—————$116.00—$7.10$8.3003
—————$117.00—$8.10$9.3002

Forward $107.86. The 25-delta put carries -1.32 volatility points over the 25-delta call.

2026-10-02(8 days)ATM 23.54%±3.76skew -0.53
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
017$9.80$11.80—$98.0030.24%$0.01$0.041212
154$8.75$11.00—$99.0028.22%$0.02$0.0414029
5159$7.90$9.05—$100.0026.58%$0.03$0.05478133
27$6.80$8.10—$101.0026.14%$0.06$0.0821714
0114$5.90$7.00—$102.0025.51%$0.10$0.13441249
2228$5.00$6.20—$103.0024.68%$0.17$0.19628100
6315$4.10$5.00—$104.0024.17%$0.28$0.30488412
89465$3.30$3.60—$105.0023.38%$0.42$0.46757320
126877$2.58$2.79—$106.0023.31%$0.68$0.712,256707
1641,588$1.94$2.02—$107.0023.18%$1.01$1.071,023333
1,113862$1.45$1.5123.54%$108.00—$1.46$1.581,5242,615
3,185890$1.01$1.0723.48%$109.00—$2.03$2.139391,429
2,4503,646$0.70$0.7323.67%$110.00—$2.67$2.85677523
7841,322$0.45$0.5023.84%$111.00—$2.75$3.6518960
6902,305$0.29$0.3123.88%$112.00—$3.55$4.502327
4491,692$0.18$0.2124.36%$113.00—$4.50$5.40370
1,1241,018$0.11$0.1224.38%$114.00—$5.20$6.35745
1,1771,086$0.06$0.0925.06%$115.00—$6.15$7.352490
148428$0.05$0.0626.26%$116.00—$7.10$8.35100
65746$0.03$0.0426.78%$117.00—————
116634$0.02$0.0428.48%$118.00—$8.75$10.35150

Forward $107.96. The 25-delta put carries -0.53 volatility points over the 25-delta call.

2026-10-09(15 days)ATM 23.44%±5.13skew -0.62
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
111$9.85$11.95—$98.0025.81%$0.05$0.0810614
—————$99.0025.00%$0.07$0.1141935
129$8.00$9.15—$100.0024.21%$0.10$0.1549861
020$7.10$9.05—$101.0023.94%$0.16$0.224018
338$6.20$7.40—$102.0023.86%$0.27$0.3128835
089$5.35$6.45—$103.0023.40%$0.37$0.4562630
040$4.55$4.85—$104.0023.66%$0.58$0.6526317
6166$3.80$4.05—$105.0023.09%$0.78$0.87306144
244940$3.10$3.45—$106.0023.24%$1.13$1.17258124
2281,277$2.53$2.66—$107.0023.49%$1.47$1.6523990
73481$2.00$2.14—$108.0023.48%$1.95$2.10267460
160319$1.51$1.6523.07%$109.00—$2.50$2.60108109
5351,235$1.20$1.2823.53%$110.00—$3.00$3.25299218
171456$0.89$0.9723.53%$111.00—$3.50$4.004631
314779$0.66$0.7323.71%$112.00—$4.15$4.80419
135667$0.47$0.5323.69%$113.00—$4.60$5.6090
37204$0.33$0.4124.04%$114.00—$5.70$6.507012
319982$0.24$0.2723.98%$115.00—$6.55$7.353297
501,376$0.17$0.2124.49%$116.00—————
9550$0.12$0.1725.13%$117.00—$8.10$9.30025
23353$0.09$0.1425.95%$118.00—————

Forward $108.05. The 25-delta put carries -0.62 volatility points over the 25-delta call.

2026-10-16(22 days)ATM 23.12%±6.14skew -0.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$10.05$11.60—$98.0025.11%$0.12$0.182941
300$9.20$10.40—$99.0024.56%$0.17$0.2310916
181,162$8.20$9.05—$100.0024.58%$0.27$0.318,698532
06$7.35$8.55—$101.0023.93%$0.34$0.41482
01$6.35$7.80—$102.0023.64%$0.47$0.5414738
012$5.55$6.80—$103.0023.55%$0.66$0.71759345
56$4.85$6.05—$104.0023.31%$0.86$0.942778
1347,875$4.10$4.50—$105.0023.03%$1.12$1.206,310407
19$3.55$4.20—$106.0023.00%$1.45$1.557149
6748$2.98$3.15—$107.0023.09%$1.86$1.9714532
148449$2.43$2.55—$108.0023.09%$2.33$2.4410750
296272$2.00$2.0923.25%$109.00—$2.86$3.007771
1,30115,630$1.60$1.6623.09%$110.00—$3.35$3.604,582221
1,270927$1.27$1.3323.18%$111.00—$4.05$4.3016453
431624$1.00$1.0523.28%$112.00—$4.70$5.0569155
261282$0.77$0.8223.32%$113.00—$5.00$5.8024
178193$0.59$0.6323.39%$114.00—$5.65$6.6510
4,05921,356$0.46$0.4823.57%$115.00—$6.80$7.601,90092
175357$0.35$0.3923.96%$116.00—————
40260$0.26$0.3124.22%$117.00—$7.85$9.451010
66100$0.20$0.2424.52%$118.00—————

Forward $108.11. The 25-delta put carries -0.01 volatility points over the 25-delta call.

2026-10-23(29 days)ATM 23.74%±7.25skew +0.01
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$10.25$11.90—$98.00—————
—————$99.0024.31%$0.26$0.371022
3075$8.45$9.70—$100.0024.41%$0.39$0.4822921
03$7.60$8.85—$101.0023.59%$0.45$0.604683
316$6.75$7.95—$102.0023.62%$0.62$0.789418
111$6.00$6.80—$103.0023.47%$0.82$0.981259
45$5.30$5.60—$104.0023.00%$0.99$1.235626
531$4.60$4.95—$105.0023.55%$1.40$1.5413535
375$3.95$4.30—$106.0023.79%$1.76$1.959716
334$3.35$3.60—$107.0023.85%$2.18$2.37438
38263$2.91$3.15—$108.0023.74%$2.66$2.8021424
95101$2.45$2.6623.73%$109.00—$2.98$3.3516051
140982$1.99$2.1523.19%$110.00—$3.15$3.95529
26252$1.63$1.7923.24%$111.00—$3.75$4.601121
23152$1.33$1.4523.20%$112.00—$4.40$5.3022
10279$1.03$1.1722.99%$113.00—$5.10$6.0571
9914$0.85$0.9523.26%$114.00—$5.85$6.9023
150943$0.68$0.7723.42%$115.00—$6.60$7.7595
12137$0.53$0.6423.64%$116.00—————
54219$0.42$0.5123.79%$117.00—————
7459$0.33$0.4023.89%$118.00—$9.20$10.5011

Forward $108.30. The 25-delta put carries +0.01 volatility points over the 25-delta call.

2026-10-30(36 days)ATM 23.09%±7.87skew -0.37
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$10.45$11.80—$98.0025.59%$0.38$0.431519
010$9.60$10.90—$99.0025.17%$0.47$0.531740
210$8.75$9.15—$100.0024.90%$0.60$0.6534972
01$7.95$9.15—$101.0023.73%$0.58$0.822770
05$7.15$8.25—$102.0024.04%$0.85$1.009436
05$6.35$7.10—$103.0023.25%$0.93$1.234720
02$5.65$6.00—$104.0024.30%$1.40$1.54659
287$4.95$5.40—$105.0023.77%$1.65$1.8114924
442$4.30$4.70—$106.0023.63%$1.97$2.195614
1280$3.70$4.10—$107.0022.80%$2.16$2.6119033
24116$3.25$3.60—$108.0023.08%$2.67$3.103825
258147$2.78$2.9823.09%$109.00—$3.15$3.65213
147190$2.35$2.5423.08%$110.00—$3.70$4.2512775
1499$1.98$2.3023.68%$111.00—$4.40$4.8540
9642$1.67$1.8923.53%$112.00—$4.70$5.6073
10177$1.38$1.6123.63%$113.00—$5.85$6.3021
36426$1.14$1.3323.61%$114.00—$6.05$7.0520
69672$0.93$1.0323.28%$115.00—$6.80$7.903,02414
1372$0.76$0.9223.77%$116.00—————
8348$0.61$0.8524.35%$117.00—$8.45$9.6510
1988$0.49$0.6524.08%$118.00—————

Forward $108.48. The 25-delta put carries -0.37 volatility points over the 25-delta call.

2026-11-06(43 days)ATM 23.98%±8.93skew -1.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$10.65$13.05—$98.00—————
0—$9.65$12.20—$99.00—————
0—$8.85$10.45—$100.0024.48%$0.67$0.88—10
0—$8.00$10.50—$101.00—————
0—$7.15$9.70—$102.00—————
0—$6.30$8.30—$103.0023.31%$1.13$1.51—4
0—$5.95$8.20—$104.0023.69%$1.51$1.81—3
0—$4.90$7.60—$105.0023.52%$1.81$2.14—8
1—$4.75$5.20—$106.0023.45%$2.17$2.52—16
12—$4.05$4.50—$107.0023.11%$2.49$2.95—4
—————$108.0022.84%$2.65$3.65—2
29—$3.00$3.6024.09%$109.00—$3.75$3.95—4
52—$2.67$2.9223.61%$110.00—$3.70$4.55—1
2—$2.37$2.6024.18%$111.00—$4.15$5.85—0
2—$1.89$2.4124.30%$112.00—————
—————$114.00—$5.00$7.90—0
5—$1.06$1.6124.46%$115.00—$6.35$8.30—0
2—$0.98$1.3324.76%$116.00—$6.60$9.15—0
—————$117.00—$7.45$10.15—0
—————$118.00—$8.35$10.95—0
—————$119.00—$9.25$11.80—0

Forward $108.45. The 25-delta put carries -1.15 volatility points over the 25-delta call.

2026-11-20(57 days)ATM 28.78%±12.36skew +1.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$47.70$50.15—$60.00—————
035$42.90$44.85—$65.00—————
022$38.00$39.90—$70.00—————
04$33.15$35.30—$75.00—————
569$28.35$29.85—$80.00—————
041$23.50$24.90—$85.0033.96%$0.15$0.192,6896
0606$18.65$19.70—$90.0031.74%$0.34$0.381,96585
4256$14.20$14.95—$95.0030.53%$0.81$0.826,051136
81,117$10.15$10.95—$100.0029.65%$1.69$1.7316,047527
1136,772$6.75$7.00—$105.0028.98%$3.20$3.3012,046280
6149,736$4.20$4.3528.75%$110.00—$5.55$5.709,236271
99611,302$2.41$2.4728.42%$115.00—$8.20$8.902,907170
47010,421$1.28$1.3328.35%$120.00—$11.85$12.902,49163
2915,219$0.66$0.7028.67%$125.00—$16.85$17.451,2522
4309,001$0.35$0.3629.27%$130.00—$20.85$22.6030612
122,989$0.18$0.2130.21%$135.00—$25.75$27.353756
211,785$0.10$0.1632.02%$140.00—$30.80$32.6550
—————$165.00—$55.75$57.6020

Forward $108.64. The 25-delta put carries +1.29 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.