Volatility Skew Analysis Tool

Current Underlying Stock Price ($)

Call Options Data

Enter Strike Price and Implied Volatility (as a %) for Calls:

Put Options Data

Enter Strike Price and Implied Volatility (as a %) for Puts:

Volatility Skew Results

Strike Price ($)	Option Type	Implied Volatility (%)	Moneyness

What is Volatility Skew?

Volatility skew (or volatility smile/smirk) refers to the phenomenon where options with different strike prices but the same expiration date have different implied volatilities. Typically, out-of-the-money (OTM) put options have higher implied volatility than at-the-money (ATM) options, and OTM call options have lower implied volatility than ATM options, creating a "skew" in the volatility surface when plotted against strike prices.