Options Skew Analytics

XLC option chain

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

Data as of 9 November 2026 (end of day)

2026-11-20(11 days)ATM 23.69%±4.43skew +5.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$8.80$11.10—$97.00—————
0—$7.80$10.20—$98.00—————
0—$7.00$9.20—$99.00—————
162$7.40$8.10—$100.00—————
1107$6.50$7.30—$101.00—————
014$4.80$6.60—$102.0030.43%$0.35$0.551379
587$4.60$5.50—$103.0028.73%$0.45$0.65281
130$3.80$4.70—$104.0027.85%$0.60$0.854323
16433$3.40$3.60—$105.0026.99%$0.85$1.0520913
226$2.60$2.95—$106.0025.26%$1.05$1.303160
010$2.25$2.70—$106.50—————
126$1.95$2.30—$107.0024.03%$1.35$1.652482
11295$1.60$2.00—$107.5023.52%$1.55$1.8520
6140$1.40$1.8024.04%$108.00—$1.80$2.1590
0161$1.20$1.5023.59%$108.50—$2.05$2.3040
5103$1.00$1.2523.16%$109.00—$2.40$2.6510
478$0.80$1.0522.76%$109.50—————
13134$0.65$0.8021.99%$110.00—$3.00$3.3001
2423$0.50$0.7022.03%$110.50—————
1474$0.40$0.5521.75%$111.00—————
5045$0.25$0.3021.01%$112.00—————

Forward $107.60. The 25-delta put carries +5.82 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 21.88%±6.17skew +6.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$11.00$13.40—$95.00—————
—————$98.0029.29%$0.30$0.50114
13$6.80$8.70—$100.0027.63%$0.45$0.70531
021$6.00$7.90—$101.0027.30%$0.55$0.902042
—————$103.0025.22%$0.80$1.20553
018$4.80$5.30—$104.0023.32%$0.90$1.3090
042$4.00$4.60—$105.0023.43%$1.25$1.6010
07$3.40$3.80—$106.0023.23%$1.55$2.0003
—————$106.5022.71%$1.65$2.2011
013$2.75$3.20—$107.00—————
04$2.30$3.20—$107.50—————
05$2.15$2.6021.89%$108.00—————
410$1.95$2.1521.04%$108.50—————
026$1.25$1.7021.20%$110.00—————
15$0.95$1.1520.12%$111.00—————
014$0.60$1.0018.86%$111.50—————
04$0.60$0.8519.31%$112.00—————
40$0.55$0.7519.65%$112.50—————
01$0.40$0.5519.64%$113.50—————

Forward $107.83. The 25-delta put carries +6.36 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 21.24%±7.50skew +4.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
016$40.80$44.80—$65.00—————
02$16.10$18.50—$90.00—————
053$12.90$13.80—$95.0028.82%$0.30$0.451,96216
6656$8.60$9.20—$100.0025.83%$0.75$0.951,302225
1590$6.90$7.50—$102.0024.44%$1.00$1.301132
21$6.10$6.70—$103.0023.19%$1.15$1.40840
08$5.30$5.90—$104.0023.01%$1.45$1.651994
2141,658$4.60$5.10—$105.0022.49%$1.70$1.951,3959
062$3.90$4.50—$106.0022.61%$2.05$2.403,5360
31212$3.30$3.60—$107.0021.63%$2.40$2.651,5150
1312$2.75$3.30—$108.0021.39%$2.75$3.20600
031$2.30$2.6520.75%$109.00—$3.30$3.901210
5202$1.90$2.0520.07%$110.00—$3.90$4.405500
1130$1.45$1.6519.52%$111.00—$4.60$5.0080
0475$1.15$1.3019.30%$112.00—$5.10$5.7060
232$0.90$1.0019.08%$113.00—$5.80$8.10180
051$0.50$0.8018.11%$114.00—————
4035,784$0.50$0.7019.34%$115.00—$7.40$8.702,0000
—————$117.00—$9.20$10.90023

Forward $108.05. The 25-delta put carries +4.11 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 21.50%±9.93skew +6.27
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$23.20$26.80—$83.00—————
05$22.20$26.00—$84.00—————
076$21.60$25.00—$85.00—————
013$20.30$23.00—$86.00—————
04$19.30$23.10—$87.00—————
012$18.40$21.50—$88.00—————
02$17.40$21.20—$89.00—————
040$16.50$18.90—$90.00—————
09$15.60$19.30—$91.00—————
012$14.60$17.40—$92.00—————
05$13.70$16.40—$93.0029.47%$0.60$0.903360
010$12.80$15.20—$94.0028.47%$0.60$1.00405
033$11.90$14.20—$95.0027.42%$0.70$1.001,441186
034$11.00$13.50—$96.0026.56%$0.75$1.105901
042$10.20$12.70—$97.0026.97%$0.95$1.35860
048$9.90$11.70—$98.0026.09%$1.00$1.503600
12516$9.30$9.90—$100.0025.35%$1.40$1.854,0582
181,642$5.50$6.10—$105.0022.78%$2.65$3.103803
4,8041,862$2.75$2.9520.85%$110.00—$4.70$5.404,9280
5911$1.00$1.2019.09%$115.00—$7.80$9.907770
9,0401,127$0.30$0.4018.34%$120.00—$12.10$13.101180

Forward $107.78. The 25-delta put carries +6.27 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 21.13%±13.72skew +4.43
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
05$10.20$12.80—$99.0023.61%$1.90$2.45550
023$9.60$11.90—$100.0023.69%$2.30$2.65464
046$8.70$11.40—$101.0023.30%$2.50$2.902470
062$8.00$10.70—$102.0023.28%$2.75$3.301000
011$7.80$9.40—$103.0022.49%$3.00$3.40462
026$6.60$9.40—$104.0021.95%$3.20$3.7010
08$6.80$8.10—$105.0022.37%$3.70$4.2025230
1124$6.00$7.40—$106.0021.84%$4.00$4.5040
8652$6.00$6.80—$107.0021.42%$4.40$4.80960
256$5.40$6.20—$108.0021.69%$4.90$5.40740
217$5.00$5.6021.25%$109.00—$5.30$5.80380
044$4.50$5.1021.04%$110.00—$5.20$8.10140
29325$4.00$4.4020.33%$111.00—$6.10$8.6060
4960$3.50$4.0020.08%$112.00—————
157$3.20$3.6020.13%$113.00—$7.10$9.6010
157$2.70$3.2019.64%$114.00—$7.80$10.40160
28100$2.70$2.8020.09%$115.00—————
126$2.15$2.5019.46%$116.00—————
136$1.95$2.2019.48%$117.00—$10.20$12.50110
117$1.65$1.9519.27%$118.00—————
5147$1.45$1.7019.18%$119.00—————

Forward $108.75. The 25-delta put carries +4.43 volatility points over the 25-delta call.

2027-06-17(220 days)ATM 23.21%±19.61skew +3.18
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$98.0024.57%$3.10$3.901021
—————$99.0024.66%$3.20$4.5060
01$11.60$13.90—$100.0024.32%$3.50$4.7011
—————$101.0022.38%$3.00$4.8020
010$10.00$12.60—$102.0025.34%$3.90$6.40100
—————$103.0021.87%$3.60$5.40930
01$8.70$11.40—$104.0021.85%$4.00$5.80120
06$9.80$10.80—$105.0024.30%$4.80$7.40350
—————$106.0022.08%$5.10$6.60100
01,503$7.20$9.20—$107.0021.86%$5.80$6.701024
06$6.30$9.10—$108.0020.96%$5.70$7.2007
02$5.90$8.6022.30%$109.00—$6.50$8.3010
14$6.60$7.5023.03%$110.00—$6.30$8.2060
01$6.10$7.3023.25%$111.00—————
04$4.40$7.0021.42%$112.00—————
03$5.00$6.3022.43%$113.00—————
05$4.70$6.1022.78%$114.00—$8.00$11.6010
04$4.20$5.6022.29%$115.00—$8.80$12.1020
03$3.90$5.3022.37%$116.00—————
02$3.30$4.7021.43%$117.00—————
01$3.10$4.3021.39%$118.00—————

Forward $108.85. The 25-delta put carries +3.18 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.