KDP Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $30.37 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.29

14k P / 47k C

Put/Call (Volume)

0.24

278 P / 1k C that session

30d ATM IV

28%

annualized implied move

Call wall

$32

13k contracts

Put wall

$30

2k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.29 puts per call outstanding.
●Call wall at $32 (13k contracts), 5% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $30 (2k contracts), 1% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.1× deep-OTM put OI — speculative upside positioning dominates the tails.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-16. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	18k	3k	0.15	193
2026-11-20	4k	354	0.09	19
2026-12-18	8k	2k	0.23	120
2027-01-15	8k	5k	0.63	267
2027-03-19	1k	769	0.57	1
2027-04-16	3k	57	0.02	0
2027-06-17	220	1k	5.12	0
2027-09-17	44	363	8.25	0
2028-01-21	4k	1k	0.28	6
2029-01-19	19	2	0.11	827

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.