Options Skew Analytics

WMT 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 28.51%±4.97skew +2.66
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
7188$9.40$10.20—$116.00—————
39249$8.50$9.20—$117.0033.68%$0.13$0.16384127
72309$7.45$8.20—$118.0032.71%$0.17$0.223,347355
16558$6.60$7.20—$119.0032.17%$0.25$0.30350757
2751,012$6.10$6.25—$120.0031.42%$0.35$0.401,1433,188
801,861$4.85$5.45—$121.0030.73%$0.49$0.535184,300
431,181$4.05$4.65—$122.0030.31%$0.67$0.73256467
129286$3.40$3.85—$123.0029.90%$0.91$0.983,114510
442715$2.94$3.10—$124.0029.53%$1.21$1.303,007928
1,5591,421$2.33$2.50—$125.0028.86%$1.59$1.642,5163,973
1,6023,827$1.86$1.9228.47%$126.00—$2.04$2.101,4781,151
1,800805$1.35$1.4627.77%$127.00—$2.56$2.72578876
1,017843$0.98$1.0927.58%$128.00—$3.20$3.353,1532,134
941637$0.72$0.7927.65%$129.00—$3.90$4.1046127
1,4532,927$0.53$0.5828.06%$130.00—$4.65$5.10974507
3631,356$0.37$0.4028.04%$131.00—$5.40$6.0531830
6031,124$0.23$0.2827.86%$132.00—$6.00$7.0514013
7481,661$0.17$0.1928.33%$133.00—$6.65$7.90252
12276$0.10$0.1428.49%$134.00—$8.10$9.05020
1,0382,407$0.07$0.1029.07%$135.00—$8.35$9.801054
760$0.04$0.0829.64%$136.00—$9.35$10.9501

Forward $125.82. The 25-delta put carries +2.66 volatility points over the 25-delta call.

2026-11-20(14 days)ATM 45.02%±11.09skew +2.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
117$13.05$13.70—$113.0047.24%$0.63$0.7129525
344$12.15$12.75—$114.0046.99%$0.76$0.8439945
17153,743$11.40$11.90—$115.0046.74%$0.91$0.997,6171,093
0127$10.55$11.10—$116.0046.24%$1.08$1.13515255
33163$9.70$10.25—$117.0046.00%$1.22$1.38603431
187211$9.00$9.55—$118.0046.17%$1.49$1.611,721255
186150$8.20$8.85—$119.0046.25%$1.75$1.90661107
27752,606$7.75$8.05—$120.0045.59%$2.03$2.116,812712
46709$7.10$7.35—$121.0045.87%$2.34$2.51458207
140470$6.45$6.70—$122.0045.70%$2.69$2.862,03093
3591,136$5.80$6.10—$123.0045.70%$3.05$3.301,247172
3471,037$5.25$5.50—$124.0045.07%$3.45$3.6532383
1,18555,583$4.70$4.95—$125.0045.12%$3.90$4.155,204882
1791,835$4.20$4.4545.06%$126.00—$4.40$4.6535090
107501$3.75$3.9544.87%$127.00—$4.90$5.20649590
136834$3.30$3.5044.58%$128.00—$5.50$5.7520860
329704$2.98$3.1044.86%$129.00—$6.10$6.4072170
90213,502$2.62$2.7344.74%$130.00—$6.70$7.00975347
490737$2.28$2.3944.53%$131.00—$7.35$7.7043353
8661,710$2.00$2.0944.53%$132.00—$8.05$8.351422
3577,258$1.26$1.3644.11%$135.00—$10.25$10.802,44529

Forward $125.80. The 25-delta put carries +2.15 volatility points over the 25-delta call.

2026-11-27(21 days)ATM 38.86%±11.73skew +1.81
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
065$10.50$11.50—$116.0040.17%$1.24$1.3510353
1187$10.05$10.60—$117.0039.86%$1.42$1.5716423
14459$9.25$9.85—$118.0040.00%$1.67$1.85210238
13384$8.55$9.15—$119.0039.62%$1.93$2.0816243
42728$7.85$8.40—$120.0039.33%$2.16$2.4142741
2114$7.25$7.70—$121.0039.46%$2.53$2.7515135
4231$6.65$7.05—$122.0039.25%$2.88$3.1014948
104273$6.00$6.40—$123.0039.29%$3.25$3.5512528
66493$5.45$5.85—$124.0038.95%$3.65$3.9511313
324414$5.00$5.25—$125.0038.75%$4.10$4.4031673
13411$4.40$4.7538.90%$126.00—$4.60$4.9518012
28370$3.95$4.2538.75%$127.00—$5.10$5.5011382
21320$3.55$3.8038.74%$128.00—$5.70$6.054111
47100$3.10$3.4038.44%$129.00—$6.25$6.6524
74742$2.88$3.0038.87%$130.00—$6.90$7.3065216
4109$2.48$2.6538.46%$131.00—$7.55$7.95440
441,160$2.18$2.3338.35%$132.00—$8.20$8.652211
03$1.89$2.0538.21%$133.00—————
21$1.66$1.7938.19%$134.00—————
521,568$1.44$1.5838.23%$135.00—$9.85$11.05450
82$1.24$1.3838.18%$136.00—————

Forward $125.80. The 25-delta put carries +1.81 volatility points over the 25-delta call.

2026-12-04(28 days)ATM 35.46%±12.38skew +2.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
531$11.90$12.60—$115.0037.89%$1.25$1.3938056
26$11.05$11.85—$116.0037.25%$1.34$1.61470
08$9.95$11.75—$117.0037.28%$1.58$1.85141
116$9.55$10.35—$118.0037.07%$1.82$2.091432
018$8.80$9.40—$119.0036.50%$2.03$2.3378
3156$8.20$8.80—$120.0037.25%$2.48$2.6917027
4625$7.55$8.05—$121.0037.06%$2.77$3.05840
520$6.90$7.40—$122.0036.50%$2.98$3.45950
016$6.30$7.30—$123.0037.10%$3.55$3.85256
3240$5.75$6.35—$124.0036.99%$3.95$4.30183
19142$5.20$5.75—$125.0036.84%$4.40$4.755641
157186$4.90$5.20—$126.0036.12%$4.65$5.3070
1055$4.25$4.7035.33%$127.00—$5.45$5.65133
2126$3.85$4.5536.48%$128.00—$6.00$6.40132
30251$3.45$3.9535.77%$129.00—$6.55$6.803344
22195$3.10$3.5535.76%$130.00—$7.15$7.603820
1047$2.69$3.3035.87%$131.00—$7.40$8.3021
635$2.44$2.8835.73%$132.00—$7.90$9.00110
64544$1.64$1.8634.70%$135.00—$10.10$11.501050
10$1.49$1.6935.19%$136.00—————
53$1.31$1.4434.97%$137.00—————

Forward $126.08. The 25-delta put carries +2.36 volatility points over the 25-delta call.

2026-12-11(35 days)ATM 33.59%±13.13skew +2.86
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
028$11.20$11.90—$116.0035.62%$1.61$1.79931
02$10.15$12.10—$117.0037.08%$1.71$2.54244
14$9.70$11.40—$118.0034.76%$1.89$2.35284
010$9.05$9.80—$119.0035.06%$2.14$2.77120
713$8.35$9.55—$120.0035.49%$2.69$2.99397
110$7.75$9.25—$121.0034.60%$2.79$3.3543
24$7.05$7.85—$122.0034.60%$3.10$3.80120
11$6.50$7.75—$123.0034.36%$3.50$4.1571
01$5.95$6.50—$124.0034.93%$4.10$4.6024
4533$5.50$6.15—$125.0035.13%$4.65$5.05113
2454$5.00$5.90—$126.0034.49%$4.90$5.60832
014$4.50$5.1533.48%$127.00—$5.60$6.0020
108$4.00$4.5032.59%$128.00—$6.05$6.7040
22$3.65$4.3033.46%$129.00—$6.35$7.30020
293$3.30$3.8033.17%$130.00—$6.75$7.95166153
199$2.80$3.7533.68%$131.00—$7.80$8.60102
290$2.60$3.0532.83%$132.00—$8.05$9.402515
10$2.28$2.6732.44%$133.00—————
99$2.04$2.3432.33%$134.00—————
1849$1.77$2.0732.14%$135.00—$10.65$11.3521
05$1.38$1.9631.91%$136.00—————

Forward $126.20. The 25-delta put carries +2.86 volatility points over the 25-delta call.

2026-12-18(42 days)ATM 33.00%±14.10skew +1.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
2375$45.30$47.05—$80.00—————
0783$42.85$44.85—$82.50—————
0200$40.35$42.40—$85.0049.41%$0.04$0.071,30521
0311$37.85$39.90—$87.50—————
113,268$35.50$37.45—$90.00—————
0143$32.90$34.95—$92.50—————
2513$30.45$32.40—$95.00—————
0281$28.00$29.75—$97.50—————
51,258$25.75$26.40—$100.0038.47%$0.20$0.257,193457
152,558$20.85$21.90—$105.0036.70%$0.44$0.478,139373
234,184$16.50$17.10—$110.0035.07%$0.85$0.9211,0733,090
986,283$12.30$12.90—$115.0034.03%$1.67$1.7210,0711,939
21410,936$8.95$9.25—$120.0033.64%$3.00$3.204,6371,253
1,0658,083$5.95$6.25—$125.0033.22%$5.00$5.3010,9001,785
7998,329$3.70$3.9532.56%$130.00—$7.75$8.051,9041,320
7528,489$2.18$2.3232.16%$135.00—$10.80$11.601103
4008,977$1.22$1.2932.00%$140.00—$14.60$15.65220
8724,072$0.65$0.7032.09%$145.00—————
2093,351$0.35$0.3932.63%$150.00—$23.60$24.9550
241,082$0.18$0.2233.19%$155.00—————
—————$160.00—$33.15$35.7010

Forward $125.95. The 25-delta put carries +1.87 volatility points over the 25-delta call.

2026-12-24(48 days)ATM 32.34%±14.81skew +0.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$12.20$13.30—$115.0034.13%$1.80$2.05—7
—————$116.0033.92%$2.01$2.2966
—————$117.0033.74%$2.15$2.6553
140$10.15$11.00—$118.0033.29%$2.41$2.8502
—————$119.0037.88%$2.85$4.5010
23$8.80$10.50—$120.0033.64%$3.20$3.501223
30$8.30$9.80—$121.00—————
10$7.65$8.50—$122.0033.24%$3.85$4.2531
—————$123.0033.12%$4.15$4.7502
—————$124.0032.85%$4.55$5.1511
21$6.05$6.75—$125.0032.71%$4.70$5.9027
110$5.60$6.25—$126.00—————
90$5.30$5.8032.42%$127.00—$5.80$6.7501
10$4.60$5.2531.41%$128.00—$6.30$8.4020
—————$129.00—$6.80$7.9051
612$3.95$4.4031.71%$130.00—————
15$3.55$4.4032.64%$131.00—$8.10$9.1510
10$3.20$3.9032.16%$132.00—————
20$2.86$3.5031.84%$133.00—————
11$2.52$3.2031.68%$134.00—————
310$2.35$3.2533.00%$135.00—————

Forward $126.27. The 25-delta put carries +0.74 volatility points over the 25-delta call.

2027-01-15(70 days)ATM 29.78%±16.49skew +1.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0296$43.05$45.00—$82.50—————
15,115$40.40$42.55—$85.0041.17%$0.06$0.129,37215
0305$38.15$40.15—$87.50—————
31,235$35.70$37.50—$90.0038.29%$0.11$0.175,05122
0509$33.25$35.25—$92.50—————
2543$30.80$32.85—$95.00—————
01,052$28.40$30.25—$97.5034.73%$0.25$0.359,27112
43,399$26.20$27.30—$100.0034.45%$0.40$0.4716,261306
377,100$21.60$22.55—$105.0032.81%$0.73$0.7917,739102
139,305$17.35$18.00—$110.0031.81%$1.33$1.3916,328719
1,0458,275$13.40$13.95—$115.0031.06%$2.31$2.3713,4652,312
2312,135$9.95$10.40—$120.0030.68%$3.75$3.955,591198
14912,934$7.10$7.40—$125.0029.97%$5.80$5.907,383398
57917,463$4.85$5.0529.62%$130.00—$8.50$8.853,161231
18919,878$3.10$3.3529.31%$135.00—$11.45$12.2518226
2,27210,391$2.01$2.0829.28%$140.00—$15.50$16.20515
2624,207$1.17$1.3029.15%$145.00—$19.20$20.5510
4025,177$0.74$0.7929.53%$150.00—$23.65$25.1010
1694,088$0.44$0.5230.09%$155.00—$28.40$30.0020
1094,275$0.28$0.3931.26%$160.00—$33.35$35.5010
433,365$0.19$0.2832.34%$165.00—————

Forward $126.41. The 25-delta put carries +1.79 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.