KMB Options Chain Analysis

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

Spot $94.36 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.65

34k P / 53k C

Put/Call (Volume)

1.50

4k P / 3k C that session

30d ATM IV

29%

annualized implied move

Call wall

$120

9k contracts

Put wall

$90

4k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.65 puts per call outstanding.
●Call wall at $120 (9k contracts), 27% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $90 (4k contracts), 5% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 7.6× 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 2026-10-30. 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
2026-10-09	1k	2k	1.08	963
2026-10-16	9k	6k	0.66	652
2026-10-23	364	2k	4.13	58
2026-10-30	466	621	1.33	181
2026-11-06	64	48	0.75	36
2026-11-13	12	101	8.42	14
2026-11-20	889	1k	1.22	2k
2026-12-18	13k	7k	0.55	900
2027-01-15	14k	6k	0.45	190
2027-03-19	2k	2k	0.94	133
2027-04-16	207	164	0.79	9
2027-06-17	1k	1k	1.18	28
2027-09-17	127	271	2.13	13
2028-01-21	7k	5k	0.75	53
2029-01-19	255	336	1.32	44

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.