Options Skew Analytics

WULF option chain

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

Data as of 28 September 2026 (end of day)

2026-10-02(4 days)ATM 86.98%±1.39skew -3.95
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
210$5.10$5.75—$10.00—————
10$4.05$4.75—$11.00—————
82$3.55$4.20—$11.50—————
412$3.15$3.65—$12.00—————
842$2.69$3.10—$12.50—————
613$2.20$2.59—$13.0087.25%$0.01$0.0314,236176
1359$1.74$2.17—$13.5083.65%$0.04$0.051,32829
1522$1.37$1.70—$14.0085.63%$0.11$0.126,6691,004
15368$0.99$1.03—$14.5085.27%$0.22$0.248212,929
177243$0.68$0.72—$15.0086.50%$0.41$0.431,2971,586
3,5702,475$0.44$0.4787.26%$15.50—$0.66$0.702,083379
1,9782,744$0.28$0.3089.21%$16.00—$0.98$1.031,386431
2,8043,091$0.16$0.1889.21%$16.50—$1.38$1.415,12882
7,1072,606$0.10$0.1192.26%$17.00—$1.80$1.91495173
2491,872$0.06$0.0795.39%$17.50—$2.01$2.374,9342
6803,868$0.03$0.0598.28%$18.00—$2.47$2.911776
105353$0.02$0.03101.30%$18.50—$2.95$3.351031
1111,129$0.01$0.02103.43%$19.00—$3.45$3.852704
—————$19.50—$3.90$4.351360
—————$20.00—$4.40$4.851171
—————$20.50—$4.95$5.3531

Forward $15.27. The 25-delta put carries -3.95 volatility points over the 25-delta call.

2026-10-09(11 days)ATM 78.77%±2.09skew -1.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$5.85$6.85—$9.00—————
11$3.70$4.30—$11.5093.95%$0.01$0.061260
—————$12.5080.77%$0.05$0.0818578
02$2.10$2.88—$13.0079.72%$0.10$0.137,1621,207
15$1.75$2.27—$13.5080.70%$0.19$0.22561,711
06$1.58$1.89—$14.0079.77%$0.30$0.34346193
7240$1.24$1.30—$14.5078.76%$0.46$0.49375222
18478$0.96$1.16—$15.0078.69%$0.67$0.70852274
162220$0.72$0.7678.79%$15.50—$0.93$0.96456135
611207$0.53$0.5779.21%$16.00—$1.25$1.2849181
54180$0.39$0.4280.02%$16.50—$1.59$1.6417174
164386$0.28$0.3281.51%$17.00—$1.98$2.0930316
440315$0.21$0.2483.49%$17.50—$2.18$2.52710
97443$0.15$0.1985.59%$18.00—$2.68$2.9715512
38170$0.11$0.1486.90%$18.50—$2.82$3.553780
43253$0.08$0.1188.91%$19.00—$3.55$3.90363
9212,052$0.06$0.0991.52%$19.50—$3.75$4.65430
22228$0.05$0.0794.13%$20.00—$4.45$4.90471
507657$0.03$0.0695.36%$20.50—————
195,056$0.03$0.08105.35%$21.00—$5.70$5.854515
7341$0.02$0.04100.28%$21.50—$5.70$6.75100

Forward $15.29. The 25-delta put carries -1.73 volatility points over the 25-delta call.

2026-10-16(18 days)ATM 78.12%±2.65skew -1.96
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0121$4.90$5.90—$10.0097.59%$0.01$0.042110
05$4.05$4.65—$11.0080.81%$0.01$0.056,3840
01$3.60$4.35—$11.50—————
2422,320$3.30$3.70—$12.0080.14%$0.08$0.1115,27710,000
—————$12.5078.30%$0.13$0.162210
5021,352$2.36$2.82—$13.0078.41%$0.22$0.2442,50925,171
21$1.95$2.40—$13.5077.90%$0.33$0.3514637
2,5978,081$1.72$1.86—$14.0078.46%$0.48$0.518,422190
26925$1.45$1.50—$14.5077.92%$0.66$0.69224141
2382,707$1.17$1.23—$15.0077.56%$0.88$0.9117,670122
3,657159$0.95$0.9878.09%$15.50—$1.15$1.183,93336
2,8599,410$0.75$0.7978.44%$16.00—$1.44$1.489,777144
1451,853$0.59$0.6278.52%$16.50—$1.79$1.82523202
5,68623,077$0.47$0.4979.44%$17.00—$2.15$2.192,931124
2565,207$0.36$0.4080.41%$17.50—$2.39$2.692010
2,42829,681$0.29$0.3181.36%$18.00—$2.90$3.1082551
19374$0.23$0.2582.71%$18.50—$3.10$3.551650
36521,154$0.18$0.2083.72%$19.00—$3.60$4.109090
—————$19.50—$3.75$4.551480
22229,498$0.11$0.1385.81%$20.00—$4.50$4.956180
1134$0.08$0.1287.70%$20.50—————

Forward $15.30. The 25-delta put carries -1.96 volatility points over the 25-delta call.

2026-10-23(25 days)ATM 79.60%±3.17skew -3.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
010$5.10$5.95—$10.0086.98%$0.01$0.06260
0100$4.15$4.95—$11.0080.20%$0.05$0.0950
—————$11.5078.36%$0.09$0.1241
013$3.35$3.80—$12.0077.51%$0.14$0.188616
—————$12.5077.25%$0.22$0.264,4421
01$2.55$2.96—$13.0076.45%$0.32$0.365,13512
01$2.12$2.83—$13.5077.10%$0.45$0.5262136
013$1.90$2.20—$14.0075.27%$0.61$0.6522519
16$1.60$1.67—$14.5076.17%$0.81$0.88401103
1431$1.35$1.41—$15.0076.07%$1.05$1.11333305
11927$1.11$1.1879.55%$15.50—$1.32$1.49598
100139$0.92$0.9879.73%$16.00—$1.61$1.672873
93291$0.75$0.8079.38%$16.50—$1.94$2.001671
101106$0.61$0.6679.64%$17.00—$2.30$2.361021
151191$0.50$0.5480.08%$17.50—$2.68$2.8015746
8171$0.41$0.4480.57%$18.00—$3.05$3.406159
854$0.34$0.3781.80%$18.50—$3.20$3.75790
3192$0.28$0.3182.80%$19.00—$3.55$4.201150
6221$0.22$0.2582.67%$19.50—$3.85$4.65110
118187$0.19$0.2284.79%$20.00—$4.40$5.1020
05,009$0.15$0.1884.92%$20.50—————

Forward $15.24. The 25-delta put carries -3.47 volatility points over the 25-delta call.

2026-10-30(32 days)ATM 78.61%±3.56skew +3.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
040$5.00$6.20—$10.00—————
03$4.10$5.25—$11.0079.55%$0.10$0.124515
017$3.65$4.80—$11.5079.11%$0.15$0.18819
—————$12.0078.83%$0.22$0.264294
—————$12.5076.09%$0.27$0.355914
01$2.63$3.10—$13.0084.51%$0.44$0.645458
01$2.05$3.20—$13.5083.70%$0.59$0.791,80315
0340$2.06$2.16—$14.0078.16%$0.77$0.81223155
18$1.77$1.87—$14.5078.43%$0.98$1.0340969
1677$1.52$1.60—$15.0083.53%$1.22$1.4523033
53281$1.30$1.3678.51%$15.50—$1.49$1.541,09733
6158$1.10$1.1778.93%$16.00—$1.78$1.8511311
42116$0.93$1.2887.23%$16.50—$2.08$2.1837320
117603$0.79$1.0284.80%$17.00—$2.44$2.537016
7259$0.66$0.9085.51%$17.50—$2.64$2.905326
143271$0.54$0.6079.69%$18.00—$3.20$3.35590
13186$0.46$0.5180.53%$18.50—$2.90$4.10630
13,276$0.39$0.6288.04%$19.00—$3.45$4.30660
52131$0.33$0.3782.01%$19.50—$3.80$4.9530
249790$0.28$0.3282.94%$20.00—$4.65$5.1040
086$0.24$0.2884.07%$20.50—————

Forward $15.31. The 25-delta put carries +3.17 volatility points over the 25-delta call.

2026-11-06(39 days)ATM 81.51%±4.08skew -2.38
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$10.0084.60%$0.07$0.1101
—————$11.0082.71%$0.16$0.2107
—————$11.5082.37%$0.23$0.2902
—————$12.0082.07%$0.32$0.3916832
—————$13.0081.37%$0.57$0.65207
—————$13.5081.11%$0.73$0.82141
01$2.23$2.35—$14.0080.83%$0.93$1.001345
—————$14.5081.32%$1.15$1.2445
16919$1.70$1.82—$15.0081.47%$1.40$1.492214
14712$1.49$1.5981.63%$15.50—$1.68$1.76122
14633$1.29$1.3881.49%$16.00—$1.99$2.0714
548$1.12$1.2081.75%$16.50—————
51$0.97$1.0582.23%$17.00—$2.66$2.73240
12$0.83$0.9382.80%$17.50—————
21$0.72$0.8083.01%$18.00—————
145$0.61$0.7083.21%$18.50—————
221$0.52$0.6183.49%$19.00—————
40$0.47$0.5484.96%$19.50—————
41$0.40$0.4785.15%$20.00—————
100$0.31$0.3485.79%$21.00—————
—————$21.50—$6.05$6.60010

Forward $15.32. The 25-delta put carries -2.38 volatility points over the 25-delta call.

2026-11-20(53 days)ATM 85.04%±4.97skew -0.61
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$9.90$10.75—$5.00—————
01$8.05$9.00—$7.00—————
01,330$7.05$8.00—$8.0097.60%$0.04$0.09671
011$6.20$6.80—$9.0088.66%$0.07$0.128815
03,249$5.25$5.90—$10.0087.39%$0.18$0.209,3882
194$4.55$5.00—$11.0086.14%$0.32$0.363,8221,250
1257$3.80$4.20—$12.0085.75%$0.55$0.596,0006
41320$3.15$3.30—$13.0085.27%$0.86$0.903,1671,282
151288$2.61$2.79—$14.0085.25%$1.26$1.3113,597187
1662,949$2.09$2.15—$15.0084.97%$1.75$1.7911,98726
13829,714$1.67$1.7385.05%$16.00—$2.32$2.362,977118
35326,690$1.33$1.3784.99%$17.00—$2.96$3.052,88579
93821,296$1.05$1.0985.18%$18.00—$3.65$3.756,19222
372,299$0.83$0.8685.40%$19.00—$4.40$4.503510
1,36533,097$0.66$0.6885.88%$20.00—$5.05$5.402,9666
78888$0.51$0.5686.58%$21.00—$5.90$6.3017014
11119,350$0.40$0.6693.69%$22.00—$6.75$7.252051
55565,653$0.33$0.3788.43%$23.00—$7.55$8.104439
87,602$0.27$0.3089.33%$24.00—$8.45$9.051,1270
26224,971$0.21$0.2589.91%$25.00—$9.55$10.001,4642
26,891$0.17$0.2894.48%$26.00—$10.30$11.051000

Forward $15.35. The 25-delta put carries -0.61 volatility points over the 25-delta call.

2026-12-18(81 days)ATM 83.67%±6.07skew -1.66
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0986$10.00$10.75—$5.00107.67%$0.01$0.038,6370
1310$9.70$10.50—$5.5099.05%$0.01$0.031550
08,994$8.25$8.55—$7.00—————
0237$7.15$8.10—$8.0087.20%$0.08$0.135910
0130$6.30$7.15—$9.00—————
01,527$5.45$6.30—$10.0083.92%$0.28$0.394,5423
1114$4.70$5.35—$11.0083.99%$0.49$0.628140
06,512$4.10$4.35—$12.0083.88%$0.81$0.885,3311
070$3.50$3.80—$13.0083.78%$1.17$1.2511,475215
16154$2.96$3.20—$14.0083.51%$1.61$1.683,2371
4311,782$2.50$2.59—$15.0083.41%$2.12$2.197,0391
66,621$2.10$2.1883.64%$16.00—$2.70$2.7818,3555
2010,286$1.75$1.8383.70%$17.00—$3.25$3.453,2710
19,578$1.44$1.7887.89%$18.00—$3.95$4.204,3970
05,950$1.18$1.4285.89%$19.00—$4.70$5.003,0380
74661,562$1.00$1.0583.53%$20.00—$5.45$5.7017,1490
179348$0.83$0.8983.99%$21.00—$6.30$6.603790
3816,558$0.67$0.8285.43%$22.00—$7.00$7.402,5530
634,741$0.57$0.6384.48%$23.00—$7.85$8.302,2510
04,359$0.42$0.5583.82%$24.00—$8.75$9.302100
73526,485$0.40$0.4484.94%$25.00—$9.65$10.151,2110

Forward $15.39. The 25-delta put carries -1.66 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.