Options Skew Analytics

XLP 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 22.55%±2.15skew +2.30
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0538$6.15$7.70—$83.50—————
1143$6.00$7.15—$84.0036.04%$0.01$0.032092
021$6.00$6.65—$84.5033.73%$0.01$0.0328521
101170$5.25$6.20—$85.0033.47%$0.02$0.043360
0544$5.05$5.65—$85.5031.03%$0.02$0.044,29123
100143$4.05$5.15—$86.0029.36%$0.02$0.051,53426
049$4.15$4.90—$86.50—————
274$3.60$4.40—$87.00—————
03$3.45$3.95—$87.5025.93%$0.05$0.1188252
087$2.63$3.25—$88.00—————
134$2.00$2.84—$88.5024.90%$0.15$0.195,2102,018
4243$1.82$2.33—$89.0024.49%$0.22$0.273,5024,039
0163$1.85$1.92—$89.5023.86%$0.31$0.373,40246
761917$1.47$1.54—$90.0023.52%$0.43$0.525,3171,992
170875$1.12$1.19—$90.5022.94%$0.59$0.69882,287
572,529$0.83$0.89—$91.0022.57%$0.79$0.92285148
12897$0.59$0.6522.17%$91.50—$1.05$1.192344
220931$0.42$0.4522.00%$92.00—$1.36$1.496854
51134$0.27$0.3021.56%$92.50—$1.70$1.8440
140361$0.17$0.2021.51%$93.00—$2.05$2.39530
532,189$0.01$0.0421.87%$95.00—————

Forward $91.01. The 25-delta put carries +2.30 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 20.64%±3.26skew +1.87
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02,561$5.85$6.30—$85.00—————
018$5.50$6.65—$85.5025.33%$0.11$0.151,8811
71,567$4.80$5.35—$86.0024.78%$0.15$0.1761,236505
0108$3.90$5.00—$86.5023.99%$0.18$0.205,3112
301,043$4.10$4.45—$87.0023.61%$0.22$0.2616,90846
0633$3.50$4.00—$87.5023.20%$0.28$0.323,30128
02,992$3.25$3.55—$88.0022.70%$0.36$0.3831,119440
1581$2.55$3.15—$88.5022.21%$0.44$0.472,249129
643,501$2.59$2.72—$89.0021.87%$0.54$0.597,130208
101,181$2.19$2.35—$89.5021.58%$0.67$0.733,778308
3882,225$1.87$1.99—$90.0021.22%$0.83$0.8810,343380
5021,075$1.56$1.69—$90.5020.92%$1.01$1.07255272
151,565$1.29$1.41—$91.0020.71%$1.23$1.291,880128
9854$1.04$1.1520.42%$91.50—$1.47$1.545148
2231,566$0.76$0.9219.61%$92.00—$1.75$1.823,8032
45996$0.66$0.7320.12%$92.50—$2.05$2.242420
27848$0.50$0.5819.99%$93.00—$2.38$2.481840
521,996$0.29$0.3419.91%$94.00—$3.05$3.75860
81,916$0.16$0.2020.09%$95.00—$3.95$4.753240
1368$0.07$0.1220.12%$96.00—$4.85$6.30350
1710$0.06$0.0820.29%$96.50—————

Forward $91.09. The 25-delta put carries +1.87 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 18.68%±3.78skew +2.44
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
017$6.00$7.60—$84.00—————
0621$5.60$7.10—$84.50—————
021$5.65$6.65—$85.0022.76%$0.14$0.205053
0117$4.65$6.05—$85.50—————
013$4.65$5.55—$86.0022.18%$0.21$0.301750
1104$3.60$5.00—$86.50—————
080$4.00$4.70—$87.0022.47%$0.33$0.511,1264
044$3.30$4.30—$87.5020.95%$0.40$0.47550
0121$3.25$3.95—$88.0022.08%$0.49$0.73164
0—$2.79$3.45—$88.5020.68%$0.59$0.71—0
10182$2.79$2.96—$89.0020.04%$0.71$0.79400
0—$2.07$2.72—$89.5019.72%$0.85$0.93—0
1517$2.07$2.27—$90.0019.66%$1.02$1.1244117
9—$1.77$1.94—$90.5019.29%$1.21$1.29—0
13181$1.54$1.65—$91.0018.93%$1.40$1.511488
0—$1.21$1.4118.36%$91.50—$1.67$1.76—0
45415$0.95$1.1918.02%$92.00—$1.87$2.1170
0—$0.82$0.9918.30%$92.50—$2.23$2.33—0
45332$0.66$0.8218.27%$93.00—————
155$0.41$0.5518.24%$94.00—$3.15$4.7510
—————$95.00—$4.00$5.6030

Forward $91.14. The 25-delta put carries +2.44 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 18.26%±4.36skew +3.16
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$6.15$7.85—$84.00—————
04$5.85$7.50—$84.50—————
—————$85.0022.58%$0.23$0.36236
—————$85.5021.33%$0.27$0.3315149
01$4.50$5.95—$86.0022.25%$0.33$0.51240
01$4.40$5.40—$86.5021.96%$0.39$0.59140
010$3.90$4.90—$87.0020.81%$0.46$0.57376
016$3.65$4.45—$87.5020.34%$0.54$0.64266
5100$3.70$4.05—$88.0021.06%$0.65$0.88806
030$3.25$3.65—$88.5019.91%$0.76$0.87361
026$3.00$3.25—$89.0020.04%$0.89$1.07300
053$2.33$2.89—$89.5019.43%$1.05$1.15191
486$2.33$2.54—$90.0019.74%$1.22$1.4213674
027$1.73$2.25—$90.5019.05%$1.41$1.534580
140$1.73$1.97—$91.0018.38%$1.53$1.752300
0103$1.47$1.7118.19%$91.50—$1.83$2.3340
035$1.20$1.4817.88%$92.00—$2.12$2.261251
15118$1.04$1.2417.84%$92.50—————
2328$0.86$1.0717.85%$93.00—$2.74$2.8720
420$0.62$0.7417.90%$94.00—$3.40$3.6520
6579$0.38$0.5317.79%$95.00—$4.05$5.65110

Forward $91.21. The 25-delta put carries +3.16 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 18.20%±4.92skew +2.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
03$7.50$10.25—$82.50—————
11$6.40$8.10—$84.00—————
01$5.70$7.70—$84.50—————
10$4.80$6.85—$85.50—————
—————$87.0020.31%$0.59$0.7160
—————$87.5021.05%$0.67$0.9920
06$3.70$4.30—$88.0019.94%$0.78$0.9610
0150$3.55$3.90—$88.5019.54%$0.90$1.0610
01$3.20$3.55—$89.0019.82%$1.05$1.2920
04$2.65$3.15—$89.5019.21%$1.22$1.36230
07$2.56$2.86—$90.0019.33%$1.38$1.6292
024$1.97$2.52—$90.5019.03%$1.61$1.7690
2139$1.97$2.30—$91.0018.74%$1.80$1.9820
01$1.66$1.9918.12%$91.50—$2.00$2.551610
1129$1.47$1.7618.25%$92.00—$2.24$2.483230
0293$1.26$1.5418.14%$92.50—$2.58$2.852280
0193$0.90$1.3417.20%$93.00—$2.81$3.10890
04$0.76$1.0017.92%$94.00—————
281$0.58$0.7418.23%$95.00—$4.20$5.6540
20$0.36$0.5518.04%$96.00—————

Forward $91.25. The 25-delta put carries +2.82 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 18.62%±5.56skew +1.40
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
074$12.20$14.45—$78.00—————
053$11.25$12.95—$79.00—————
0583$10.55$11.60—$80.0024.01%$0.10$0.1589,05191
0261$9.55$10.65—$81.0023.33%$0.13$0.1939,2676
0641$8.65$9.70—$82.0022.25%$0.15$0.239,19550
1566$8.05$8.75—$83.00—————
01,198$7.35$7.80—$84.0021.26%$0.31$0.3652,64372
182,954$6.40$6.90—$85.0020.76%$0.41$0.4734,154142
02,717$5.55$6.05—$86.0020.27%$0.55$0.6011,929157
101,960$4.95$5.20—$87.0019.82%$0.72$0.7835,772172
464,531$4.20$4.45—$88.0019.39%$0.94$1.009,2681,613
09,412$3.45$3.75—$89.0019.17%$1.23$1.306,48692
3656,573$2.78$3.10—$90.0018.93%$1.57$1.675,651219
3412,378$2.36$2.44—$91.0018.76%$2.00$2.105,204479
49512,192$1.83$1.9518.47%$92.00—$2.46$2.661,1167
218,319$1.37$1.5118.07%$93.00—$3.05$3.251,2270
23532$1.03$1.1517.93%$94.00—$3.55$3.901000
594,577$0.78$0.8717.99%$95.00—$4.40$4.9031851
20502$0.58$0.6618.11%$96.00—$5.15$6.0530
52,793$0.41$0.6319.04%$97.00—$6.10$6.951260
29853$0.16$0.2218.97%$100.00—$8.70$9.8510

Forward $91.35. The 25-delta put carries +1.40 volatility points over the 25-delta call.

2027-01-15(67 days)ATM 17.98%±7.01skew +1.67
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0149$13.30$14.55—$77.00—————
0127$12.20$13.60—$78.00—————
071$11.40$12.65—$79.0022.06%$0.21$0.2615,3484
61,740$11.30$11.60—$80.0021.46%$0.26$0.3114,1741,217
0143$9.50$10.75—$81.0022.23%$0.33$0.5427,1312
0968$8.80$9.80—$82.00—————
01,203$8.15$8.90—$83.0021.29%$0.52$0.7762,4372
31,820$6.90$8.00—$84.0019.93%$0.66$0.738,12918
13,288$6.35$7.15—$85.0019.62%$0.84$0.8928,7527,311
6348$6.05$6.30—$86.0019.24%$1.02$1.1051,708105
0835$4.80$5.55—$87.0019.00%$1.26$1.3652,890768
42,244$4.55$4.80—$88.0018.66%$1.55$1.6323,028254
4720$3.90$4.10—$89.0018.75%$1.87$2.092,078681
455,967$3.30$3.50—$90.0018.22%$2.28$2.3810,8741,414
244265$2.66$2.8817.97%$91.00—$2.73$2.825152
3,0162,152$2.27$2.3818.02%$92.00—$3.20$3.506003
232574$1.70$1.9717.40%$93.00—$3.80$4.101320
317,725$1.39$1.6217.48%$94.00—$4.35$5.1520
2985,664$1.17$1.2817.57%$95.00—$5.10$5.356523
27525$0.33$0.4017.67%$100.00—$9.15$10.65110
—————$105.00—$14.05$15.5510

Forward $90.99. The 25-delta put carries +1.67 volatility points over the 25-delta call.

2027-03-19(130 days)ATM 17.78%±9.71skew +2.06
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
159$11.45$12.55—$80.0020.81%$0.68$0.8075,388145
051$10.45$11.75—$81.0020.38%$0.73$0.971028
094$9.90$10.75—$82.0020.69%$0.94$1.2146717
064$9.15$10.10—$83.0019.98%$1.09$1.282448
0127$8.25$9.15—$84.0019.66%$1.24$1.506630
1555,988$8.10$8.30—$85.0019.52%$1.50$1.72149,92418
0220$7.35$7.60—$86.0019.39%$1.77$1.994484
25623$6.35$6.85—$87.0018.95%$2.06$2.191,184199
01,129$5.40$6.20—$88.0018.51%$2.31$2.491747
8693$5.35$5.55—$89.0018.17%$2.60$2.85792
771,646$4.75$4.95—$90.0018.61%$3.15$3.3571650
4148$4.00$4.40—$91.0018.37%$3.60$3.7558245
1382$3.30$3.9017.78%$92.00—$4.05$4.8021340
9357$2.93$3.4017.77%$93.00—$4.60$4.95800
791$2.78$2.9318.17%$94.00—$5.20$5.6010
0140$2.17$2.6617.77%$95.00—$5.85$6.15622
060$1.83$2.2217.42%$96.00—$6.50$6.85210
032$1.55$1.9417.44%$97.00—————
053$1.32$1.6817.48%$98.00—————
064$1.13$1.4217.46%$99.00—$8.80$10.2020
43508$1.06$1.2517.93%$100.00—————

Forward $91.53. The 25-delta put carries +2.06 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.