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: Jan 21, 2028
Days to expiration: 468
Share price: $32.49
Put/call ratio (OI): 0.47
Put/call ratio (volume): 5.74
ATM implied volatility: 24.9%
Expected move: ±$9.16
Open interest (C / P): 19.02K / 8.84K

KMI options summary

The KMI options chain for the January 21, 2028 expiration lists 14 call and 14 put contracts, with 468 days until expiration. Open interest stands at 19,016 calls and 8,843 puts, a put/call ratio of 0.47, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $32.00 strike is 24.9%, which implies the market expects a move of about ±$9.16 (28.2%) in Kinder Morgan stock by expiration.

The most open interest sits at the $30.00 call (4.29K contracts) and the $25.00 put (3.27K contracts).

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

KMI options chain · January 21, 2028

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	1	70.1%	18.90	15.50	20.45	13.00	0.00	0.21	0.17	48.1%	10	95
0	2	—	19.27	0.00	0.00	15.00	0.00	0.00	0.24	12.5%	3	0
10	1	61.7%	12.89	13.20	16.30	18.00	0.00	0.00	0.31	12.5%	1	0
275	2	32.5%	12.10	12.25	12.90	20.00	0.34	0.47	0.47	33.8%	10	192
584	1	30.9%	9.19	9.60	10.30	23.00	0.58	0.76	0.80	30.2%	3	697
696	15	38.4%	8.30	8.00	9.55	25.00	0.70	1.20	1.17	29.8%	1	3,271
964	10	31.4%	6.85	6.60	7.50	27.00	1.20	1.43	1.50	26.3%	2	2,528
4,287	40	26.8%	5.05	4.90	5.15	30.00	2.16	2.36	2.86	24.6%	1,000	1,330
1,885	2	26.1%	3.91	3.75	4.05	32.00	3.00	3.20	3.22	23.7%	1	555
KMI $32.49
2,297	17	25.3%	2.60	2.49	2.72	35.00	4.60	4.85	4.90	22.7%	1	140
918	25	24.8%	2.04	1.74	2.03	37.00	0.00	0.00	7.05	—	54	0
1,126	5	25.2%	1.30	1.22	1.40	40.00	7.70	9.05	9.45	26.4%	10	33
4,089	65	25.6%	0.63	0.40	0.72	45.00	10.75	12.80	12.35	20.1%	4	2
1,885	6	26.5%	0.33	0.34	0.41	50.00	0.00	0.00	17.14	—	2	0

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 January 21, 2028 expiration, the KMI put/call ratio based on open interest is 0.47 (8,843 puts vs 19,016 calls), and 5.74 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 January 21, 2028 is about 24.9%, 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.