Coca-Cola (KO) Options Chain

NYSE: KOConsumer StaplesBeverages (Production/Distribution)USD

88.05+0.28 (+0.32%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 469
Share price: $88.05
Put/call ratio (OI): 0.72
Put/call ratio (volume): 0.87
ATM implied volatility: 22.5%
Expected move: ±$22.50
Open interest (C / P): 36.16K / 26.13K

KO options summary

The KO options chain for the January 21, 2028 expiration lists 33 call and 31 put contracts, with 469 days until expiration. Open interest stands at 36,157 calls and 26,126 puts, a put/call ratio of 0.72, which is fairly balanced between calls and puts. At-the-money implied volatility near the $87.50 strike is 22.5%, which implies the market expects a move of about ±$22.50 (25.6%) in Coca-Cola stock by expiration.

The most open interest sits at the $85.00 call (6.39K contracts) and the $50.00 put (6.73K contracts).

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

KO options chain · January 21, 2028

KO 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
17	6	76.4%	46.15	54.50	58.25	35.00	0.10	0.25	0.13	41.8%	3	123
0	1	—	43.00	0.00	0.00	37.50	0.00	0.00	0.35	12.5%	2	0
13	10	69.5%	43.50	49.50	54.00	40.00	0.20	0.36	0.21	38.6%	12	130
10	6	56.7%	45.94	43.00	48.00	42.50	0.20	0.35	0.30	35.7%	15	84
26	1	46.0%	43.55	42.70	44.55	45.00	0.25	0.41	0.36	34.3%	1	623
2	1	44.4%	37.88	40.30	42.25	47.50	0.31	0.47	0.40	32.7%	1	92
60	1	40.3%	37.91	38.10	39.60	50.00	0.38	0.50	0.45	30.7%	1	6,733
151	2	37.6%	34.35	34.20	35.05	55.00	0.60	0.84	0.71	29.6%	5	796
125	1	36.0%	33.00	31.30	32.75	57.50	0.69	0.89	0.80	27.7%	2	569
755	1	34.8%	29.95	29.75	30.55	60.00	0.85	1.04	0.94	26.5%	3	1,352
99	1	33.5%	26.47	27.55	28.35	62.50	0.85	1.34	1.09	26.2%	2	672
516	2	32.1%	25.26	24.85	26.15	65.00	1.10	1.58	1.32	25.2%	3	3,333
3,646	1	31.2%	23.14	22.75	24.10	67.50	1.56	1.87	1.63	24.3%	4	1,778
473	3	30.3%	21.49	20.70	22.10	70.00	1.90	2.22	1.96	23.4%	5	2,875
335	15	29.4%	19.10	18.80	20.15	72.50	2.16	2.58	2.41	22.4%	24	392
1,949	98	28.7%	17.25	17.50	18.30	75.00	2.69	3.05	3.10	21.6%	10	766
1,488	2	27.7%	15.00	15.40	16.45	77.50	3.10	3.80	3.82	21.4%	2	608
1,426	1	26.7%	14.05	13.80	14.65	80.00	3.90	4.35	4.17	20.4%	25	2,165
2,828	1	26.0%	13.14	12.15	13.00	82.50	4.65	5.10	4.97	19.6%	1	934
6,389	12	25.3%	11.03	10.95	11.45	85.00	5.70	6.20	5.80	19.6%	9	526
761	3	25.3%	9.05	9.25	10.30	87.50	6.70	7.55	7.41	19.8%	1	696
KO $88.05
1,796	7	23.9%	8.52	8.25	8.65	90.00	7.85	8.35	8.10	18.3%	1	507
353	6	23.7%	6.85	7.15	7.60	92.50	9.10	9.90	10.05	18.3%	4	51
2,313	7	23.6%	6.43	6.20	6.65	95.00	10.60	11.90	10.85	19.3%	8	41
30	6	22.9%	4.70	5.25	5.60	97.50	12.35	13.15	14.22	17.9%	—	2
2,699	2	22.7%	4.70	4.35	4.80	100.00	12.90	15.20	14.80	18.5%	1	129
2,815	3	22.4%	3.31	3.20	3.50	105.00	17.45	18.40	18.12	15.7%	20	100
1,945	4	22.1%	2.33	2.28	2.53	110.00	21.80	22.70	22.42	15.1%	20	49
1,407	12	21.9%	1.64	1.38	1.79	115.00	26.35	27.95	27.10	18.5%	2	0
467	10	21.6%	1.02	1.01	1.23	120.00	37.00	41.50	40.00	47.6%	2	0
279	6	21.7%	0.66	0.68	0.90	125.00	—	—	—	—	—	—
22	5	22.1%	0.70	0.48	0.68	130.00	40.55	43.20	42.60	25.5%	20	0
962	2	23.5%	0.47	0.19	0.67	135.00	—	—	—	—	—	—

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 KO put/call ratio?

For the January 21, 2028 expiration, the KO put/call ratio based on open interest is 0.72 (26,126 puts vs 36,157 calls), and 0.87 based on today's volume. A ratio above 1 means more puts than calls.

What is KO's implied volatility?

At-the-money implied volatility for KO options expiring January 21, 2028 is about 22.5%, an annualized estimate of how much the market expects Coca-Cola stock to move.

How many KO option expiration dates are there?

KO has 17 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.