Options Skew Analytics

XLK 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 36.96%±6.63skew +9.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
67$7.60$9.40—$163.0044.35%$0.48$0.61257
312$7.85$8.50—$164.0043.92%$0.63$0.7432829
2268$6.95$7.75—$165.0043.10%$0.79$0.8856039
505902$5.70$6.80—$166.0042.38%$0.99$1.0522817
8318$5.35$5.75—$167.0041.67%$1.18$1.30806
271$5.05$5.40—$167.5043.92%$1.29$1.762957
2811$4.15$5.40—$168.0041.13%$1.42$1.601010
148$3.90$4.30—$169.0039.54%$1.63$1.885910
1071,045$3.35$3.65—$170.0039.34%$2.04$2.241,58736
681397$2.73$3.05—$171.0037.24%$2.25$2.641075
334222$2.21$2.5136.66%$172.00—$2.72$3.101074
2512$1.58$2.1933.08%$172.50—$3.00$3.45654
219$1.63$1.9734.78%$173.00—$3.25$3.60582
40297$1.23$1.5333.95%$174.00—$3.80$4.30490
109443$0.97$1.1533.68%$175.00—$4.50$4.802663
18395$0.63$0.8632.45%$176.00—$5.10$6.75720
15775$0.47$0.6132.17%$177.00—$5.85$7.75820
25625$0.41$0.5432.49%$177.50—$6.30$8.05322
10851$0.32$0.5032.62%$178.00—$6.70$7.553225
—————$179.00—$7.55$9.85750
—————$180.00—$8.45$10.30225199

Forward $171.45. The 25-delta put carries +9.22 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 34.76%±10.35skew +8.05
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$8.70$11.00—$162.5042.36%$1.35$1.96—19
—————$163.0041.92%$1.53$1.952121
100$8.20$9.70—$164.0040.90%$1.78$2.041571
60156$8.30$8.85—$165.0039.70%$1.84$2.323,136323
012$7.60$8.15—$166.0040.37%$2.11$2.822010
—————$167.0038.17%$2.31$2.8424
0—$6.20$7.05—$167.50—————
20$6.15$6.70—$168.0040.02%$2.66$3.65210
10$4.80$6.05—$169.0036.60%$2.90$3.451161
60946$4.80$5.40—$170.0036.91%$3.50$3.804,787138
4606$4.25$4.75—$171.0035.84%$3.75$4.254805
917$3.60$4.1534.68%$172.00—$4.10$5.502,2300
1—$3.30$4.1035.14%$172.50—$4.30$5.15—1
343$3.25$3.5034.25%$173.00—$4.65$5.151,5162
6150$2.58$3.3034.04%$174.00—$5.15$6.451,6660
48199$2.44$2.8234.60%$175.00—$5.85$6.354,6265
9218$1.79$2.3532.57%$176.00—$6.30$7.151,1022
17215$1.48$2.0532.47%$177.00—$6.95$7.551,06228
77467$1.42$1.6632.85%$178.00—$7.65$9.252271
11219$1.05$1.3731.77%$179.00—$8.40$9.751,1000
1141,405$0.94$1.1131.91%$180.00—$9.35$10.107,3538

Forward $171.50. The 25-delta put carries +8.05 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 31.26%±11.91skew +10.22
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$9.40$11.70—$162.5038.65%$1.81$2.77—0
11$9.40$11.20—$163.0037.54%$2.01$2.5830
—————$164.0036.87%$2.23$2.7810
25$8.90$9.60—$165.0036.05%$2.44$2.995805
430$6.85$8.90—$166.0035.20%$2.53$3.3570
51$7.05$8.15—$167.00—————
20$7.15$7.80—$167.5035.91%$3.10$4.1003
11$6.90$7.40—$168.0036.07%$3.25$4.4021
01$5.50$6.80—$169.00—————
513$5.50$6.20—$170.0034.36%$4.00$4.901654
21$4.95$5.60—$171.0032.99%$4.35$5.1004
1—$4.05$5.0031.25%$172.00—$4.80$5.50—0
051$4.05$4.8032.12%$172.50—$5.05$6.554820
0—$3.85$4.4531.77%$173.00—$5.10$6.05—0
200$3.10$3.9530.41%$174.00—$5.75$6.4520
1223$2.93$3.4530.77%$175.00—$6.25$6.851833
57$2.40$3.0029.83%$176.00—$6.85$7.552500
322$2.12$2.6229.76%$177.00—$7.40$8.601080
3137$1.81$2.3229.66%$178.00—$8.15$8.80340
014$1.33$1.9728.43%$179.00—$8.80$11.15880
579$1.27$1.7028.96%$180.00—$9.50$11.801630

Forward $171.55. The 25-delta put carries +10.22 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 31.16%±14.00skew +8.79
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$11.35$12.60—$162.0036.65%$2.31$3.05—0
974$10.70$11.80—$163.0034.77%$2.48$2.92291
—————$164.0034.85%$2.80$3.2532
010$9.20$10.30—$165.0033.84%$3.00$3.4035727
011$8.55$9.60—$166.00—————
02$8.20$8.85—$167.0032.72%$3.55$3.952000
02$7.95$8.55—$167.5034.35%$3.75$4.7021
—————$168.0033.57%$3.90$4.70017
1144$6.85$7.60—$169.0032.38%$4.25$4.80115
1116$6.25$6.95—$170.0032.06%$4.65$5.2068214
34$5.70$6.35—$171.0032.00%$5.00$5.8004
33176$4.90$5.3530.98%$172.50—$5.65$7.05341
20$4.10$4.7030.59%$174.00—————
087$3.60$4.2030.02%$175.00—$6.85$8.251451
088$3.20$3.7529.72%$176.00—$7.45$8.352642
198121$2.61$3.3528.81%$177.00—$7.95$8.902561
0146$2.44$3.1528.66%$177.50—$8.25$10.052390
2282$2.43$2.9628.99%$178.00—$8.80$9.802940
24239$2.12$2.5628.56%$179.00—$9.35$10.151770
2149$1.71$2.2427.87%$180.00—$9.90$11.801480
46168$1.56$1.9227.85%$181.00—$10.65$12.551060

Forward $171.63. The 25-delta put carries +8.79 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 31.47%±15.99skew +9.73
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0—$12.30$13.40—$162.0037.19%$2.80$4.15—1
02$11.95$12.60—$163.0035.46%$3.15$3.8511
—————$164.0035.10%$3.40$4.1512
0442$9.80$11.10—$165.0034.09%$3.70$4.20665385
64$9.75$10.20—$166.0034.08%$3.95$4.7012
—————$167.0034.22%$4.25$5.2511
370$8.00$9.35—$167.5034.17%$4.45$5.4507
—————$168.0033.33%$4.55$5.4501
2866$7.05$8.25—$170.0031.40%$5.25$5.80593
—————$171.0031.83%$5.50$6.7010
31$5.70$6.2031.44%$172.50—$6.25$7.3583
10$4.85$5.6031.12%$174.00—————
63$4.00$4.9529.41%$175.00—$7.40$8.3020
—————$176.00—$8.05$9.85190
32$3.50$3.9529.35%$177.00—$8.60$9.75140
370$2.87$3.7528.05%$177.50—$8.80$10.0060
02$2.93$3.5528.54%$178.00—$9.15$11.1074
733$2.79$3.1028.60%$179.00—$9.75$11.30210
79$2.48$2.9328.84%$180.00—$10.60$11.5053
—————$181.00—$11.10$13.35175
1028$1.72$2.2327.46%$182.00—$11.80$14.05180

Forward $171.65. The 25-delta put carries +9.73 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 31.19%±17.51skew +7.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
122$20.75$23.10—$151.0039.87%$1.54$2.023807
1326$19.80$21.75—$152.5038.17%$1.72$1.941,34826
045$18.10$20.45—$154.0037.37%$1.90$2.126119
282,260$17.90$19.35—$155.0036.97%$2.05$2.273,16537
025$16.45$18.80—$156.0037.02%$2.20$2.587911
51,128$15.75$17.50—$157.5036.26%$2.42$2.841,742362
653$14.45$16.25—$159.0036.06%$2.73$3.2557045
141,925$13.95$15.45—$160.0034.95%$2.95$3.202,915173
0100$13.15$14.75—$161.0035.39%$3.10$3.8095833
151,464$12.90$13.60—$162.5035.09%$3.45$4.301,28010
51947$10.75$11.70—$165.0033.89%$4.10$4.952,37493
13108$9.30$10.00—$167.5032.91%$4.90$5.751,65110
356720$7.85$8.35—$170.0030.93%$5.80$6.2511,09257
1382,196$6.25$6.9531.19%$172.50—$6.85$7.851,43333
1873,426$5.20$5.5530.55%$175.00—$8.00$8.909,898323
5369$3.95$4.4529.46%$177.50—$9.35$10.851,89818
1971,206$3.15$3.4028.85%$180.00—$11.00$12.002,9899
51493$2.21$2.6527.89%$182.50—$12.60$14.552,4590
3902,025$1.68$1.9727.49%$185.00—$14.70$16.152,046180
2773,376$1.24$1.5227.37%$187.50—$16.55$18.858350
1624,976$0.92$1.0526.91%$190.00—$18.70$20.652,13810

Forward $171.75. The 25-delta put carries +7.06 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 30.17%±18.18skew +8.72
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
1—$13.55$14.45—$162.0036.09%$3.80$5.10—2
371$11.50$13.75—$163.0035.49%$4.15$5.2004
12$10.75$13.00—$164.0034.13%$4.35$5.1522
85$10.65$12.25—$165.0035.11%$4.55$6.1552
21$10.65$11.45—$166.0036.19%$4.85$7.15514
01$8.65$10.95—$167.0034.43%$5.15$6.9001
—————$167.5034.03%$5.35$6.9520
10$8.05$10.20—$168.0032.53%$5.40$6.6570
13$8.30$9.55—$169.0034.10%$5.85$7.8532
2570$8.35$8.85—$170.0032.29%$6.25$7.5501
10$7.50$8.40—$171.0031.99%$6.60$8.0502
24$6.10$7.7529.70%$172.00—$7.00$8.3022
10$6.15$7.4530.14%$172.50—$7.15$9.5521
100$5.60$6.0030.47%$175.00—$8.50$9.7530
—————$176.00—$9.05$11.25294
—————$177.50—$9.80$11.601101
16$3.60$4.7028.17%$178.00—————
02$2.69$4.2026.46%$179.00—$10.65$12.0003
11$3.10$3.8527.97%$180.00—————
—————$181.00—$12.05$13.3030
10$2.40$3.2027.37%$182.00—————

Forward $171.63. The 25-delta put carries +8.72 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 30.08%±22.21skew +8.99
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0416$25.70$27.65—$147.5039.44%$2.28$2.881,7741
42,992$23.70$25.50—$150.0037.92%$2.60$3.054,80154
1131$21.60$23.50—$152.5037.02%$3.00$3.4531542
0274$19.70$21.40—$155.0036.01%$3.40$3.901,746140
0210$17.20$19.50—$157.5035.83%$3.90$4.751,60212
1253,781$16.95$17.55—$160.0034.31%$4.45$5.055,07645
0126$14.15$15.70—$162.5033.84%$5.15$5.85854127
182,111$13.35$13.90—$165.0032.21%$5.85$6.202,58017
0145$10.40$12.25—$167.5032.38%$6.65$7.602535
27669$10.00$10.65—$170.0030.78%$7.50$8.153,414566
49333$8.65$9.2030.84%$172.50—$8.65$9.553,0351
7812$6.90$7.8529.34%$175.00—$9.85$10.902,54712
4575$6.10$6.6529.36%$177.50—$11.10$12.451,52420
1,904765$5.10$5.5028.72%$180.00—$12.60$13.152,8969
3296$3.80$4.7027.76%$182.50—$14.05$15.551,9881
571,701$3.30$3.8027.68%$185.00—$15.80$17.155,5951
23,760$2.43$3.1026.85%$187.50—$17.60$18.851,6324
4221,359$2.05$2.4526.74%$190.00—$19.45$20.851,7651
4725$1.44$2.0326.21%$192.50—$21.50$24.002360
1781,640$1.27$1.5526.28%$195.00—$23.75$26.204340
73732$0.90$1.2225.81%$197.50—$26.00$28.505700

Forward $172.32. The 25-delta put carries +8.99 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.