Options Skew Analytics

YUM option chain

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

Data as of 23 September 2026 (end of day)

2026-11-20(58 days)ATM 28.01%±15.75skew +2.49
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$125.0031.14%$1.20$1.6571
—————$130.0029.53%$1.95$2.6060
09$8.60$10.50—$135.0029.02%$3.50$4.00101
116$6.50$7.20—$140.0028.31%$5.40$6.1063
18$4.10$4.9027.64%$145.00—$7.90$8.7010
226$2.60$3.1027.45%$150.00—$10.80$13.0034
036$1.40$1.9527.04%$155.00—————

Forward $141.11. The 25-delta put carries +2.49 volatility points over the 25-delta call.

2026-12-18(86 days)ATM 26.77%±18.32skew +3.02
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$49.20$53.00—$90.00—————
01$39.60$43.00—$100.00—————
01$35.70$37.70—$105.00—————
01$30.80$32.50—$110.00—————
01$25.60$28.10—$115.0031.80%$0.70$1.00491
06$21.00$23.30—$120.00—————
03$16.80$18.80—$125.0029.32%$1.90$2.25231
011$13.20$15.20—$130.0028.50%$3.00$3.406474
08$9.40$11.40—$135.0027.51%$4.40$5.002713
123$7.30$8.10—$140.0026.80%$6.40$7.108310
1948$5.20$5.8026.74%$145.00—$9.00$9.70520
17187$3.40$4.0026.27%$150.00—$11.80$14.001340
496$1.95$2.6525.48%$155.00—$15.40$17.70210
0277$1.35$1.7025.85%$160.00—$19.50$21.8060
0602$0.75$1.1525.87%$165.00—————

Forward $140.96. The 25-delta put carries +3.02 volatility points over the 25-delta call.

2027-01-15(114 days)ATM 26.32%±20.79skew +2.08
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$35.40$37.60—$105.00—————
01$30.50$33.40—$110.00—————
03$26.10$28.80—$115.00—————
03$21.70$24.20—$120.0031.00%$1.60$2.501840
020$17.60$20.20—$125.0028.70%$2.45$2.902050
046$13.80$16.10—$130.0027.58%$3.50$4.102670
022$10.50$12.60—$135.0026.70%$4.90$5.801,0590
662$8.40$9.30—$140.0026.38%$7.20$7.802551
083$6.30$6.9026.27%$145.00—$9.40$10.403162
1214$4.30$5.1025.83%$150.00—$12.40$14.20460
1305$3.00$3.5025.49%$155.00—$16.20$18.30580
12,854$2.05$2.4525.52%$160.00—$19.80$22.10880
35288$1.30$1.7025.41%$165.00—$24.30$26.50930
0299$0.85$1.1525.48%$170.00—————

Forward $141.37. The 25-delta put carries +2.08 volatility points over the 25-delta call.

2027-03-19(177 days)ATM 26.94%±26.59skew +3.13
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$50.10$52.40—$90.00—————
05$27.40$30.00—$115.00—————
01$23.90$25.70—$120.0029.65%$2.85$3.40270
01$19.80$21.90—$125.0028.76%$3.90$4.5050
—————$130.0028.05%$5.30$5.90280
02$13.70$14.40—$135.0027.72%$7.10$7.8052
05$11.00$11.60—$140.0027.24%$9.20$10.00740
096$8.60$9.3026.88%$145.00—$11.40$12.5070
05$6.50$7.2026.24%$150.00—$14.40$15.30790
09$4.80$5.6025.90%$155.00—$17.40$19.7060
3577$3.60$4.3025.82%$160.00—$21.20$23.3010
01,009$2.65$3.2025.63%$165.00—$25.10$26.90120
110$1.85$2.4025.43%$170.00—$29.20$30.80200

Forward $141.74. The 25-delta put carries +3.13 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.