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25Δ RR / fly from marked chain IVs. Smile is observed marks, not a fitted model. Research terminal.
Listed chain tenors only — not 7d / 30d / 90d buckets. Missing 25Δ wings or ATM stay —. Calendar is ATM IV minus front listed ATM.
| Tenor | ATM IV | 25Δ RR | 25Δ Fly | Cal vs front | Chart |
|---|---|---|---|---|---|
| 2026-09-29 | 29.9% | +0.41 pts | -4.19 pts | — | Chart |
| 2026-09-30 | 34.0% | +40.50 pts | +17.86 pts | +4.19 pts | Chart |
| 2026-10-01 | 37.6% | -37.23 pts | +19.87 pts | +7.77 pts | Chart |
| 2026-10-02 | 35.3% | +0.00 pts | +2.42 pts | +5.43 pts | Chart |
| 2026-10-09 | 34.6% | +1.48 pts | +5.23 pts | +4.73 pts | Chart |
| 2026-10-30 | 41.8% | +0.46 pts | +0.57 pts | +11.94 pts | Chart |
| 2026-12-25 | 45.5% | +0.67 pts | +0.74 pts | +15.60 pts | Chart |
| STRIKE | MONEYNESS | CALL IV | PUT IV | SKEW SPREAD | Chart |
|---|---|---|---|---|---|
| $705 | 92.9% | 57.5% | 105.0% | 47.50 pts | Chart |
| $730 | 96.2% | 57.5% | 105.0% | 47.50 pts | Chart |
| $735 | 96.9% | 41.2% | 41.2% | 0.00 pts | Chart |
| $740 | 97.5% | 57.5% | 75.5% | 18.01 pts | Chart |
| $744 | 98.1% | 34.7% | 34.7% | 0.00 pts | Chart |
| $745 | 98.2% | 34.1% | 34.1% | 0.00 pts | Chart |
| $746 | 98.3% | 33.5% | 33.5% | 0.00 pts | Chart |
| $748 | 98.6% | 32.5% | 32.5% | 0.00 pts | Chart |
| $750 | 98.9% | 50.3% | 36.2% | -14.03 pts | Chart |
| $752 | 99.1% | 31.0% | 31.0% | 0.00 pts | Chart |
| $754 | 99.4% | 30.4% | 30.4% | 0.00 pts | Chart |
| $755 | 99.5% | 35.3% | 37.7% | 2.37 pts | Chart |
| $756 | 99.6% | 30.1% | 30.1% | 0.00 pts | Chart |
| $758 | 99.9% | 29.9% | 29.9% | 0.00 pts | Chart |
| $760 | 100.2% | 35.2% | 34.7% | -0.52 pts | Chart |
| $762 | 100.4% | 29.9% | 29.9% | 0.00 pts | Chart |
| $764 | 100.7% | 30.2% | 30.2% | 0.00 pts | Chart |
| $765 | 100.8% | 35.2% | 32.7% | -2.50 pts | Chart |
| $766 | 101.0% | 30.6% | 30.6% | 0.00 pts | Chart |
| $768 | 101.2% | 31.1% | 31.1% | 0.00 pts | Chart |
| $770 | 101.5% | 36.6% | 32.0% | -4.63 pts | Chart |
| $772 | 101.8% | 32.6% | 32.6% | 0.00 pts | Chart |
| $774 | 102.0% | 33.5% | 33.5% | 0.00 pts | Chart |
| $775 | 102.1% | 37.5% | 57.5% | 20.00 pts | Chart |
| $776 | 102.3% | 34.4% | 34.4% | 0.00 pts | Chart |
| $778 | 102.5% | 35.5% | 35.5% | 0.00 pts | Chart |
| $780 | 102.8% | 76.0% | 41.6% | -34.30 pts | Chart |
| $782 | 103.1% | 37.8% | 37.8% | 0.00 pts | Chart |
| $784 | 103.3% | 39.1% | 39.1% | 0.00 pts | Chart |
| $785 | 103.5% | 39.7% | 39.7% | 0.00 pts | Chart |
| $786 | 103.6% | 40.4% | 40.4% | 0.00 pts | Chart |
| $788 | 103.9% | 41.7% | 41.7% | 0.00 pts | Chart |
| $790 | 104.1% | 84.7% | 57.5% | -27.20 pts | Chart |
| $792 | 104.4% | 44.5% | 44.5% | 0.00 pts | Chart |
| $794 | 104.6% | 45.9% | 45.9% | 0.00 pts | Chart |
| $795 | 104.8% | 46.6% | 46.6% | 0.00 pts | Chart |
| $796 | 104.9% | 47.4% | 47.4% | 0.00 pts | Chart |
| $800 | 105.4% | 117.5% | 57.5% | -60.05 pts | Chart |
| $805 | 106.1% | 54.1% | 54.1% | 0.00 pts | Chart |
| $810 | 106.8% | 105.0% | 57.5% | -47.50 pts | Chart |
| $820 | 108.1% | 65.5% | 65.5% | 0.00 pts | Chart |
| $825 | 108.7% | 106.1% | 57.5% | -48.61 pts | Chart |
| $855 | 112.7% | 105.0% | 57.5% | -47.50 pts | Chart |