Downside protection skew

Is put protection more expensive than upside options?

US options OPT-014 Line Sample

Sample data. Every number, symbol and holding on these pages is generated sample data dated 2026-10-16, used only to illustrate layout and method for educational and informational purposes. It is not market data, backtest output or a forecast, and the analytics described in the specifications are not running.

Download CSV Sample JSON Specification JSON Sample as of

0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD

Highest item: Short tenor
0.559
Lowest item: Front month
0.207
Average
0.359
Number of items
4 items

Main chart: 25Delta Put IV - Call IV (percentage points), by tenor

25Delta Put IV - Call IV (percentage points) (Line)

Supporting chart: at-the-money IV and comparable contracts

At-the-money IV and comparable contracts (Bar)

Detail: data rows, observation dates and missing-value status for downside protection skew

25Delta Put IV - Call IV (percentage points) and At-the-money IV and comparable contracts (Table)

Sample data rows

Tenor25Delta Put IV - Call IV (percentage points)At-the-money IV and comparable contractsData date (sample)
Short tenor 0.559 3 2026-10-16
Front month 0.207 67 2026-10-16
Next month 0.22 76 2026-10-16
Quarterly month 0.448 22 2026-10-16