Kinder Morgan (KMI) Options Chain

NYSE: KMIUtilitiesNatural Gas DistributionUSD

32.49+0.24 (+0.74%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $32.49
Put/call ratio (OI): 0.54
Put/call ratio (volume): 1.21
ATM implied volatility: 26.5%
Expected move: ±$2.85
Open interest (C / P): 3.65K / 1.96K

KMI options summary

The KMI options chain for the November 20, 2026 expiration lists 13 call and 9 put contracts, with 40 days until expiration. Open interest stands at 3,647 calls and 1,956 puts, a put/call ratio of 0.54, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $32.00 strike is 26.5%, which implies the market expects a move of about ±$2.85 (8.8%) in Kinder Morgan stock by expiration.

The most open interest sits at the $34.00 call (949 contracts) and the $30.00 put (599 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

KMI options chain · November 20, 2026

KMI calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
10	10	70.9%	5.81	6.95	7.95	25.00	0.00	0.14	0.05	51.8%	4	75
4	2	69.5%	6.34	5.95	7.10	26.00	0.00	0.10	0.14	42.2%	30	36
15	15	51.1%	5.23	5.05	5.85	27.00	0.04	0.13	0.13	38.5%	2	89
76	1	43.9%	4.51	4.15	4.85	28.00	0.02	0.17	0.09	34.9%	1	321
3	3	38.4%	3.49	3.20	3.90	29.00	0.13	0.22	0.15	31.0%	17	189
353	2	29.3%	2.65	2.61	2.85	30.00	0.25	0.35	0.31	29.0%	9	599
234	8	28.0%	1.95	1.84	2.08	31.00	0.50	0.58	0.51	27.8%	68	459
464	18	25.4%	1.18	1.20	1.36	32.00	0.82	0.96	0.98	27.6%	8	110
KMI $32.49
758	27	24.4%	0.77	0.73	0.83	33.00	1.16	1.61	1.67	30.6%	78	78
949	8	23.8%	0.45	0.22	0.47	34.00	—	—	—	—	—	—
747	68	25.7%	0.25	0.16	0.31	35.00	—	—	—	—	—	—
28	16	24.9%	0.11	0.01	0.15	36.00	—	—	—	—	—	—
6	2	28.4%	0.04	0.00	0.13	37.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the KMI put/call ratio?

For the November 20, 2026 expiration, the KMI put/call ratio based on open interest is 0.54 (1,956 puts vs 3,647 calls), and 1.21 based on today's volume. A ratio above 1 means more puts than calls.

What is KMI's implied volatility?

At-the-money implied volatility for KMI options expiring November 20, 2026 is about 26.5%, an annualized estimate of how much the market expects Kinder Morgan stock to move.

How many KMI option expiration dates are there?

KMI has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.