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 19, 2029
Days to expiration: 831
Share price: $32.49
Put/call ratio (OI): 0.34
Put/call ratio (volume): 14.92
ATM implied volatility: 27.5%
Expected move: ±$13.47
Open interest (C / P): 1.46K / 502

KMI options summary

The KMI options chain for the January 19, 2029 expiration lists 10 call and 6 put contracts, with 831 days until expiration. Open interest stands at 1,456 calls and 502 puts, a put/call ratio of 0.34, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $32.00 strike is 27.5%, which implies the market expects a move of about ±$13.47 (41.5%) in Kinder Morgan stock by expiration.

The most open interest sits at the $35.00 call (390 contracts) and the $23.00 put (277 contracts).

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

KMI options chain · January 19, 2029

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
148	—	36.3%	11.47	11.45	13.90	20.00	0.24	1.25	0.87	34.7%	6	6
2	1	27.8%	9.80	10.10	10.80	23.00	0.96	1.34	1.20	28.1%	250	277
1	—	31.3%	7.60	8.55	9.90	25.00	1.40	1.91	1.71	27.8%	160	76
85	5	27.6%	7.05	6.95	7.55	28.00	2.22	2.56	2.50	24.6%	120	82
14	2	31.8%	5.39	5.85	7.25	30.00	2.80	3.30	3.75	23.7%	1	1
118	20	27.5%	5.03	4.85	5.55	32.00	—	—	—	—	—	—
KMI $32.49
390	1	29.9%	3.79	3.65	4.85	35.00	5.05	5.95	6.36	22.7%	—	60
308	5	31.4%	2.38	3.05	4.50	37.00	—	—	—	—	—	—
313	1	26.4%	2.40	2.08	2.72	40.00	—	—	—	—	—	—
77	1	26.7%	1.60	1.15	1.80	45.00	—	—	—	—	—	—

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 January 19, 2029 expiration, the KMI put/call ratio based on open interest is 0.34 (502 puts vs 1,456 calls), and 14.92 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 19, 2029 is about 27.5%, 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.