Options Skew Analytics

XLC 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 16.61%±2.94skew +2.04
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
06$6.10$8.50—$106.00—————
07$6.30$7.20—$106.5022.24%$0.05$0.10310
32$4.90$5.30—$108.0020.06%$0.10$0.151115
01$3.50$4.40—$109.5019.87%$0.25$0.35101
05$3.10$4.00—$110.00—————
01$2.65$3.50—$110.50—————
01$2.30$2.55—$111.0018.29%$0.45$0.655726
—————$111.5017.44%$0.60$0.70570
07$1.60$1.85—$112.0017.00%$0.75$0.8580
—————$112.5016.50%$0.90$1.0520
041$1.00$1.2516.61%$113.00—$1.15$1.30676667
100$0.80$1.0016.59%$113.50—$1.40$1.55109
6671,179$0.60$0.8516.83%$114.00—$1.70$1.905082
3158$0.30$0.5016.26%$115.00—$2.30$2.6050
—————$116.00—$2.40$3.90120

Forward $112.90. The 25-delta put carries +2.04 volatility points over the 25-delta call.

2026-10-16(23 days)ATM 16.55%±4.70skew +2.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$14.20$17.90—$97.00—————
04$12.40$14.90—$100.00—————
03$11.60$13.70—$101.00—————
06$8.10$8.90—$105.0022.24%$0.20$0.302881
02$6.30$7.20—$107.00—————
027$5.00$6.80—$108.0019.00%$0.40$0.50150
06$3.70$4.50—$110.0018.26%$0.70$0.95250
—————$110.5018.06%$0.85$1.0520
012$3.00$3.60—$111.0017.46%$0.95$1.15560
037$2.35$2.80—$112.0017.02%$1.30$1.45200
10$2.05$2.40—$112.50—————
035$1.80$2.15—$113.0016.58%$1.65$1.90180
120$1.55$1.9016.52%$113.50—$1.95$2.15112
0553$1.30$1.6516.27%$114.00—$2.20$2.455370
15168$0.95$1.1015.62%$115.00—$2.85$3.10730
8281$0.65$0.8515.85%$116.00—$3.50$3.80171
33500$0.40$0.6015.59%$117.00—$4.00$4.60100
755526$0.30$0.4015.83%$118.00—————
—————$119.00—$5.10$6.5040

Forward $113.20. The 25-delta put carries +2.41 volatility points over the 25-delta call.

2026-11-20(58 days)ATM 17.42%±7.89skew +2.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$102.0023.06%$0.50$0.65011
—————$106.0020.55%$0.75$1.2070
—————$107.0019.79%$0.85$1.35010
01$5.20$5.70—$110.0018.75%$1.65$1.9501
—————$111.0018.81%$1.90$2.4520
029$3.90$4.50—$112.0018.47%$2.25$2.8011
10$3.30$3.80—$113.0017.88%$2.65$3.1010
05$2.75$3.2017.41%$114.00—————
016$2.35$2.7017.37%$115.00—————
02$1.95$2.3017.33%$116.00—————
219$1.60$1.9517.31%$117.00—————
030$1.05$1.4017.40%$119.00—————
30454$0.80$1.0516.83%$120.00—————

Forward $113.68. The 25-delta put carries +2.40 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 17.58%±9.74skew +2.83
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$9.90$12.80—$104.0021.76%$1.00$1.351930
03$8.60$11.50—$105.0021.17%$1.10$1.501,3110
055$8.90$10.20—$106.0020.50%$1.20$1.652,8170
011$8.10$9.40—$107.0020.32%$1.45$1.851,5730
017$7.30$8.50—$108.0019.30%$1.45$2.05580
01$6.60$7.80—$109.0019.53%$1.90$2.301030
0131$6.20$6.70—$110.0019.06%$2.20$2.504737
017$5.30$6.20—$111.0018.70%$2.45$2.85280
0447$4.70$5.50—$112.0018.77%$2.85$3.30770
021$4.20$4.90—$113.0018.19%$3.10$3.70300
034$3.60$4.20—$114.00—————
02,106$3.20$3.7017.46%$115.00—$3.80$4.702,0130
032$2.75$3.2017.24%$116.00—$4.30$5.3030
1214$2.35$2.7016.93%$117.00—$5.10$5.8027
03,231$2.00$2.4017.03%$118.00—$5.40$6.701,5170
015$1.55$2.0516.57%$119.00—$6.00$7.4060
01,166$1.30$1.7516.55%$120.00—$6.70$8.3060
041$1.05$1.5016.47%$121.00—$7.50$9.1010
0407$0.85$1.3016.50%$122.00—————
0295$0.70$1.1016.52%$123.00—————
—————$125.00—$10.10$14.2020

Forward $114.19. The 25-delta put carries +2.83 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 18.03%±14.45skew +4.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$102.0022.37%$1.70$2.4510
02$11.90$13.40—$105.0021.55%$2.25$3.10250
01$11.10$12.60—$106.0020.76%$2.45$3.1030
—————$107.0020.99%$2.70$3.6010
—————$109.0019.56%$3.10$3.80200
01$8.30$9.50—$110.0019.30%$3.50$4.00112
04$7.70$8.80—$111.00—————
01$7.10$8.10—$112.00—————
—————$113.0018.89%$4.50$5.3010
01$5.90$6.80—$114.0018.65%$5.00$5.60160
069$5.30$6.20—$115.00—————
625$4.40$5.1017.89%$117.00—$6.20$7.4010
05$4.00$4.7017.89%$118.00—————
090$3.50$4.2017.48%$119.00—————
24$3.30$3.9017.81%$120.00—————
1274$2.90$3.5017.55%$121.00—————
04$2.45$3.2017.29%$122.00—————
028$2.15$2.8517.11%$123.00—————
033$1.85$2.5516.93%$124.00—————
029$1.60$2.3516.95%$125.00—————
018$1.40$2.0016.68%$126.00—————

Forward $115.07. The 25-delta put carries +4.60 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.