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: Jun 17, 2027
Days to expiration: 249
Share price: $32.49
Put/call ratio (OI): 1.50
Put/call ratio (volume): 1.76
ATM implied volatility: 25.1%
Expected move: ±$6.75
Open interest (C / P): 14.75K / 22.07K

KMI options summary

The KMI options chain for the June 17, 2027 expiration lists 15 call and 12 put contracts, with 249 days until expiration. Open interest stands at 14,751 calls and 22,071 puts, a put/call ratio of 1.50, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $32.00 strike is 25.1%, which implies the market expects a move of about ±$6.75 (20.8%) in Kinder Morgan stock by expiration.

The most open interest sits at the $37.00 call (4.05K contracts) and the $27.00 put (9.35K contracts).

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

KMI options chain · June 17, 2027

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
0	60	—	19.25	17.80	19.10	13.00	0.00	0.20	0.06	57.6%	4	190
0	2	—	16.99	0.00	0.00	15.00	0.02	0.14	0.08	52.3%	2	2,003
—	—	—	—	—	—	18.00	0.00	0.37	0.13	51.0%	2	1,324
0	3	—	11.55	10.45	12.20	20.00	0.06	0.16	0.16	35.8%	6	143
9	7	58.0%	5.75	9.75	12.80	23.00	0.20	0.36	0.31	32.9%	1	587
81	2	33.2%	7.20	7.45	8.20	25.00	0.23	0.54	0.67	30.2%	1	3,978
448	1	35.1%	5.00	5.80	6.85	27.00	0.61	0.82	1.01	27.9%	147	9,352
681	2	28.0%	3.30	3.75	4.30	30.00	1.39	1.60	1.60	25.9%	176	2,931
725	13	25.5%	2.50	2.68	2.96	32.00	2.17	2.40	2.38	24.8%	1	1,515
KMI $32.49
4,029	15	24.6%	1.61	1.47	1.66	35.00	0.00	0.00	4.40	—	5	0
4,054	70	24.4%	1.09	0.97	1.10	37.00	5.25	5.55	6.30	23.8%	6	47
3,939	12	24.7%	0.55	0.44	0.59	40.00	8.70	10.15	9.42	47.4%	1	1
132	1	25.3%	0.45	0.29	0.41	42.00	—	—	—	—	—	—
653	1	26.9%	0.19	0.14	0.27	45.00	—	—	—	—	—	—
0	10	12.5%	0.17	0.00	0.00	47.00	—	—	—	—	—	—
0	1	12.5%	0.12	0.00	0.00	50.00	—	—	—	—	—	—

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 June 17, 2027 expiration, the KMI put/call ratio based on open interest is 1.50 (22,071 puts vs 14,751 calls), and 1.76 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 June 17, 2027 is about 25.1%, 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.