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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 | 42.9% | -21.68 pts | -13.29 pts | — | Chart |
| 2026-09-30 | 46.0% | -21.07 pts | -7.08 pts | +3.12 pts | Chart |
| 2026-10-01 | 61.1% | -1.29 pts | +1.17 pts | +18.20 pts | Chart |
| 2026-10-02 | 63.4% | +0.72 pts | +2.65 pts | +20.51 pts | Chart |
| 2026-10-09 | 57.5% | -0.93 pts | +0.94 pts | +14.59 pts | Chart |
| 2026-10-16 | 51.7% | +2.25 pts | +2.18 pts | +8.84 pts | Chart |
| 2026-10-30 | 54.5% | -2.54 pts | +2.09 pts | +11.57 pts | Chart |
| 2026-12-25 | 53.8% | -2.27 pts | +1.97 pts | +10.88 pts | Chart |
| STRIKE | MONEYNESS | CALL IV | PUT IV | SKEW SPREAD | Chart |
|---|---|---|---|---|---|
| $100 | 83.1% | 120.0% | 120.0% | 0.00 pts | Chart |
| $105 | 87.2% | 112.3% | 112.3% | 0.00 pts | Chart |
| $106 | 88.1% | 93.3% | 93.3% | 0.00 pts | Chart |
| $108 | 89.7% | 88.3% | 88.3% | 0.00 pts | Chart |
| $110 | 91.4% | 83.2% | 83.2% | 0.00 pts | Chart |
| $112 | 93.1% | 78.3% | 78.3% | 0.00 pts | Chart |
| $113 | 93.9% | 78.1% | 78.1% | 0.00 pts | Chart |
| $114 | 94.7% | 73.8% | 73.8% | 0.00 pts | Chart |
| $114.5 | 95.1% | 56.2% | 56.2% | 0.00 pts | Chart |
| $115 | 95.5% | 72.4% | 72.4% | 0.00 pts | Chart |
| $115.5 | 96.0% | 51.4% | 51.4% | 0.00 pts | Chart |
| $116 | 96.4% | 69.9% | 69.9% | 0.00 pts | Chart |
| $116.5 | 96.8% | 47.6% | 47.6% | 0.00 pts | Chart |
| $117 | 97.2% | 68.2% | 68.2% | 0.00 pts | Chart |
| $117.5 | 97.6% | 44.7% | 44.7% | 0.00 pts | Chart |
| $118 | 98.0% | 66.9% | 66.9% | 0.00 pts | Chart |
| $118.5 | 98.5% | 43.0% | 43.0% | 0.00 pts | Chart |
| $119 | 98.9% | 65.8% | 65.8% | 0.00 pts | Chart |
| $119.5 | 99.3% | 42.4% | 42.4% | 0.00 pts | Chart |
| $120 | 99.7% | 67.1% | 67.1% | 0.00 pts | Chart |
| $120.5 | 100.1% | 42.9% | 42.9% | 0.00 pts | Chart |
| $121 | 100.5% | 64.7% | 64.7% | 0.00 pts | Chart |
| $121.5 | 100.9% | 44.5% | 44.5% | 0.00 pts | Chart |
| $122 | 101.4% | 64.6% | 64.6% | 0.00 pts | Chart |
| $122.5 | 101.8% | 46.9% | 46.9% | 0.00 pts | Chart |
| $123 | 102.2% | 65.0% | 65.0% | 0.00 pts | Chart |
| $123.5 | 102.6% | 50.1% | 50.1% | 0.00 pts | Chart |
| $124 | 103.0% | 65.6% | 65.6% | 0.00 pts | Chart |
| $124.5 | 103.4% | 53.7% | 53.7% | 0.00 pts | Chart |
| $125 | 103.9% | 66.4% | 66.4% | 0.00 pts | Chart |
| $125.5 | 104.3% | 57.8% | 57.8% | 0.00 pts | Chart |
| $126 | 104.7% | 67.5% | 67.5% | 0.00 pts | Chart |
| $126.5 | 105.1% | 62.1% | 62.1% | 0.00 pts | Chart |
| $127 | 105.5% | 68.8% | 68.8% | 0.00 pts | Chart |
| $128 | 106.3% | 70.2% | 70.2% | 0.00 pts | Chart |
| $129 | 107.2% | 85.9% | 85.9% | 0.00 pts | Chart |
| $130 | 108.0% | 73.4% | 73.4% | 0.00 pts | Chart |
| $131 | 108.8% | 92.7% | 92.7% | 0.00 pts | Chart |
| $132 | 109.7% | 76.7% | 76.7% | 0.00 pts | Chart |
| $133 | 110.5% | 99.5% | 99.5% | 0.00 pts | Chart |
| $134 | 111.3% | 80.2% | 80.2% | 0.00 pts | Chart |
| $135 | 112.2% | 116.2% | 116.2% | 0.00 pts | Chart |
| $136 | 113.0% | 83.8% | 83.8% | 0.00 pts | Chart |
| $138 | 114.7% | 87.3% | 87.3% | 0.00 pts | Chart |
| $140 | 116.3% | 127.1% | 127.1% | 0.00 pts | Chart |
| $142 | 118.0% | 127.4% | 127.4% | 0.00 pts | Chart |
| $145 | 120.5% | 83.0% | 83.0% | 0.00 pts | Chart |
| $150 | 124.6% | 83.0% | 83.0% | 0.00 pts | Chart |