KO Options Chain Analysis

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

Spot $85.72 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.84

314k P / 372k C

Put/Call (Volume)

0.52

16k P / 31k C that session

30d ATM IV

21%

annualized implied move

Call wall

$90

44k contracts

Put wall

$80

28k contracts

Tail hedging

1.7×

deep-OTM puts vs calls

What the positioning says

●Call wall at $90 (44k contracts), 5% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $80 (28k contracts), 7% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 21% — calm pricing; option premium is cheap.

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	21k	8k	0.39	8k
2026-10-16	44k	41k	0.94	5k
2026-10-23	7k	1k	0.20	2k
2026-10-30	3k	2k	0.66	2k
2026-11-06	1k	402	0.39	550
2026-11-13	30	70	2.33	90
2026-11-20	34k	29k	0.84	2k
2026-12-18	47k	52k	1.11	2k
2027-01-15	74k	81k	1.09	5k
2027-02-19	22k	13k	0.59	337
2027-03-19	18k	18k	0.99	8k
2027-05-21	111	355	3.20	128
2027-06-17	26k	22k	0.86	2k
2027-09-17	4k	2k	0.67	269
2028-01-21	36k	26k	0.72	713
2028-06-16	3k	3k	0.98	137
2028-12-15	2k	1k	0.49	214
2029-01-19	2k	932	0.53	437

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.