Options Skew Analytics

XLF option chain

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

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 19.21%±1.17skew +1.80
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
40$7.55$7.90—$50.50—————
30$7.05$7.35—$51.00—————
30$6.50$6.95—$51.50—————
114$6.00$6.35—$52.00—————
04$5.50$5.90—$52.50—————
053$4.65$5.35—$53.00—————
15$4.45$5.00—$53.50—————
3592$4.00$4.40—$54.0034.53%$0.01$0.025273
2472$3.50$3.95—$54.5032.31%$0.01$0.03668317
20212$3.10$3.35—$55.0033.18%$0.02$0.078,283175
21,165$2.64$2.85—$55.5026.51%$0.02$0.041,884686
1380$1.99$2.35—$56.0024.42%$0.04$0.052,241730
86436$1.59$1.87—$56.5022.78%$0.07$0.08810581
53703$1.19$1.46—$57.0021.05%$0.12$0.13739282
40455$0.85$0.92—$57.5020.03%$0.21$0.241,376405
7722,605$0.53$0.58—$58.0019.53%$0.38$0.423301,149
1,8751,777$0.29$0.3118.55%$58.50—$0.63$0.69618288
1,1502,630$0.14$0.1518.23%$59.00—$0.97$1.041,9424
1,0791,527$0.05$0.0717.96%$59.50—$1.19$1.47856
494,952$0.01$0.0317.58%$60.00—$1.71$2.43749
—————$60.50—$2.13$3.10364

Forward $58.16. The 25-delta put carries +1.80 volatility points over the 25-delta call.

2026-11-18(9 days)ATM 16.99%±1.55skew +3.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$2.32$3.65—$55.00—————
—————$56.0022.20%$0.11$0.1623212
—————$56.5020.58%$0.15$0.21177
21$1.36$1.48—$57.0019.50%$0.23$0.29282
09$0.97$1.09—$57.5018.13%$0.33$0.40600
36$0.69$0.77—$58.0017.19%$0.48$0.581730
040$0.43$0.5216.79%$58.50—$0.72$0.851470
0112$0.24$0.3316.42%$59.00—$1.06$1.17100
094$0.13$0.2016.43%$59.50—————

Forward $58.20. The 25-delta put carries +3.06 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 17.56%±1.78skew +3.15
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
553,386$5.75$6.45—$52.0034.18%$0.03$0.0458,49517
—————$52.5032.48%$0.03$0.051,05728
102,102$5.20$5.45—$53.0030.65%$0.04$0.05156,1237,060
012$3.70$5.10—$53.5028.69%$0.04$0.061,3490
196,418$4.05$4.45—$54.0027.10%$0.05$0.07195,95142
044$3.10$4.00—$54.5025.28%$0.06$0.084,923277
55824,477$3.25$3.40—$55.0023.60%$0.07$0.1073,07928,849
288199$2.75$3.05—$55.5022.20%$0.10$0.1217,0791,295
1,10896,644$2.25$2.53—$56.0021.27%$0.15$0.1685,6291,762
2661,679$1.83$2.12—$56.5020.42%$0.20$0.247,108162
11432,826$1.47$1.62—$57.0019.55%$0.29$0.3313,991445
02,198$1.08$1.25—$57.5018.85%$0.42$0.462,003874
1,13830,089$0.80$0.92—$58.0018.18%$0.59$0.6410,9915,104
5312,081$0.55$0.5917.08%$58.50—$0.79$0.894690
1,22026,563$0.34$0.3816.54%$59.00—$1.11$1.203450
1,4288,895$0.20$0.2416.40%$59.50—$1.43$1.579932
1,87853,127$0.11$0.1416.23%$60.00—$1.80$2.0591172
113,123$0.06$0.0916.61%$60.50—$2.26$2.48260
1,2645,469$0.03$0.0516.64%$61.00—$2.74$2.94106200
0261$0.02$0.0417.89%$61.50—$3.15$4.5510
213,051$0.01$0.0318.67%$62.00—$3.15$4.35400

Forward $58.25. The 25-delta put carries +3.15 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 16.25%±2.10skew +2.65
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$51.5030.47%$0.04$0.068730
03$5.25$6.50—$52.00—————
328$4.85$6.10—$52.5027.83%$0.05$0.082,8634
09$4.40$5.55—$53.0026.52%$0.06$0.091,6620
—————$53.5025.07%$0.07$0.102,5720
027$3.65$4.55—$54.0023.20%$0.08$0.1077741
07$3.15$4.15—$54.5022.05%$0.09$0.1353714
8337$2.87$3.60—$55.0021.08%$0.13$0.1547835
043$2.08$3.20—$55.5019.96%$0.16$0.193022
0346$2.37$2.62—$56.0019.12%$0.21$0.25786191
2256$2.01$2.13—$56.5018.20%$0.28$0.32772
15314$1.59$1.75—$57.0017.68%$0.38$0.44149199
4526$1.22$1.39—$57.5016.90%$0.52$0.561,237113
79611$0.95$1.04—$58.0016.46%$0.70$0.75838222
1031,164$0.69$0.7416.12%$58.50—$0.90$1.02363165
477435$0.48$0.5215.80%$59.00—$1.20$1.3123666
2511,133$0.31$0.3615.54%$59.50—$1.56$1.6627419
27393$0.20$0.2415.49%$60.00—$1.85$2.20104
34—$0.12$0.1515.32%$60.50—$2.23$3.40—0
22836$0.06$0.0914.98%$61.00—————
—————$61.50—$3.20$4.40—0

Forward $58.25. The 25-delta put carries +2.65 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 16.48%±2.52skew +2.47
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$52.5025.72%$0.08$0.111875
—————$53.0024.92%$0.10$0.1321128
—————$53.5023.70%$0.12$0.141,15237
08$3.70$4.65—$54.0022.75%$0.14$0.176223
—————$54.5021.77%$0.17$0.201,9770
02$2.86$3.75—$55.0020.73%$0.20$0.243460
04$2.66$3.25—$55.5019.86%$0.25$0.29883221
0131$1.92$2.84—$56.0018.93%$0.31$0.3543011
0220$2.03$2.31—$56.5018.30%$0.41$0.43198205
12153$1.75$1.93—$57.0017.71%$0.51$0.56342562
2154$1.44$1.59—$57.5017.15%$0.65$0.7166289
82505$1.14$1.28—$58.0016.71%$0.83$0.902678
88442$0.87$0.9416.40%$58.50—$1.02$1.1714336
111349$0.64$0.7116.07%$59.00—$1.31$1.442372
97501$0.46$0.5215.82%$59.50—$1.65$1.75618
392662$0.33$0.3815.83%$60.00—$1.90$2.201044
640197$0.22$0.2715.69%$60.50—————
—————$61.00—$2.72$4.0510
14173$0.09$0.1315.61%$61.50—————
4348$0.07$0.0916.02%$62.00—————
4159$0.02$0.0317.90%$64.00—————

Forward $58.31. The 25-delta put carries +2.47 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 16.15%±2.79skew +2.41
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$52.5024.54%$0.11$0.15534
—————$53.0023.83%$0.14$0.178700
03$4.15$5.35—$53.5022.94%$0.16$0.2075577
—————$54.0021.74%$0.18$0.22631
—————$54.5021.00%$0.22$0.26877150
—————$55.0019.91%$0.25$0.30755221
019$2.55$3.35—$55.5019.21%$0.32$0.354110
03$2.11$3.15—$56.0018.44%$0.38$0.43104434
11$2.27$2.49—$56.5017.92%$0.49$0.5298572
25$1.90$2.11—$57.0017.29%$0.60$0.6445385
7301$1.58$1.65—$57.5016.73%$0.74$0.7939100
9225$1.28$1.32—$58.0016.54%$0.95$0.9813294
55129$1.01$1.0616.08%$58.50—$1.13$1.2387981
121109$0.78$0.8215.81%$59.00—$1.40$1.5158283
215199$0.57$0.6415.59%$59.50—$1.72$1.851710
204277$0.43$0.4815.55%$60.00—$1.96$2.1914
47126$0.31$0.3615.51%$60.50—$2.38$3.5005
9447$0.22$0.2615.45%$61.00—————
—————$61.50—$3.25$4.4002
114$0.10$0.1415.50%$62.00—————
012$0.05$0.0715.79%$63.00—————

Forward $58.35. The 25-delta put carries +2.41 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 16.52%±3.15skew +2.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0109$13.35$15.05—$44.00—————
13,579$13.10$13.70—$45.0037.81%$0.03$0.059,6910
0158$11.50$12.65—$46.0036.22%$0.04$0.0628,0511
0104$10.55$11.65—$47.0034.85%$0.06$0.077,48216
82,704$9.50$10.65—$48.0033.15%$0.07$0.0944,7290
40721$8.95$9.70—$49.0031.51%$0.09$0.1122,2406
1,8156,266$8.15$8.65—$50.0029.05%$0.10$0.1291,9203,850
788,474$6.80$7.70—$51.0027.20%$0.12$0.1521,58311
386,815$6.40$6.70—$52.0025.06%$0.15$0.1723,2044,037
40336,018$5.45$5.75—$53.0023.16%$0.19$0.2125,277943
218,190$4.55$4.75—$54.0021.39%$0.24$0.2870,3011,111
2,53431,345$3.65$3.85—$55.0019.86%$0.34$0.3731,8402,803
214,694$2.82$3.05—$56.0018.48%$0.49$0.5134,0463,009
14425,893$2.08$2.23—$57.0017.41%$0.70$0.7616,4431,625
24131,798$1.44$1.49—$58.0016.76%$1.05$1.1210,626107
1,12314,993$0.93$0.9816.25%$59.00—$1.48$1.612,25153
3,30621,527$0.56$0.5815.73%$60.00—$2.04$2.364654
1124,883$0.31$0.3515.66%$61.00—$2.86$3.10560
56922,661$0.16$0.1915.50%$62.00—$3.70$4.501060
4212,725$0.08$0.1015.54%$63.00—————
61,291$0.03$0.0615.66%$64.00—$5.15$7.0010

Forward $58.38. The 25-delta put carries +2.82 volatility points over the 25-delta call.

2026-12-31(52 days)ATM 16.77%±3.69skew +3.09
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$16.15$18.25—$41.00—————
011$14.15$16.75—$43.00—————
016$13.00$13.65—$45.00—————
010$11.45$12.65—$46.00—————
087$10.45$11.65—$47.00—————
071$9.50$10.70—$48.00—————
090$8.55$9.70—$49.00—————
0117$7.60$8.75—$50.00—————
0135$6.80$7.80—$51.0026.81%$0.18$0.301630
0150$5.80$6.80—$52.00—————
14142$5.35$5.80—$53.0022.48%$0.28$0.341664
15241$4.65$5.00—$54.0021.54%$0.36$0.491730
0380$3.30$4.00—$55.0020.37%$0.49$0.645420
3396$2.90$3.05—$56.0018.42%$0.65$0.7410627
5511$2.15$2.30—$57.0018.24%$0.89$1.154962
471,527$1.57$1.67—$58.0016.99%$1.27$1.422510
9393$1.06$1.1716.48%$59.00—$1.79$2.042240
901,812$0.60$0.7615.47%$60.00—$2.44$2.661910
9175$0.37$0.4715.33%$61.00—$2.90$4.104930
293$0.08$0.1115.98%$64.00—————
06,445$0.01$0.0220.56%$70.00—————

Forward $58.28. The 25-delta put carries +3.09 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.