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: Dec 15, 2028
Days to expiration: 796
Share price: $88.05
Put/call ratio (OI): 0.69
Put/call ratio (volume): 0.63
ATM implied volatility: 22.0%
Expected move: ±$28.66
Open interest (C / P): 2.21K / 1.52K

KO options summary

The KO options chain for the December 15, 2028 expiration lists 23 call and 20 put contracts, with 796 days until expiration. Open interest stands at 2,205 calls and 1,520 puts, a put/call ratio of 0.69, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $87.50 strike is 22.0%, which implies the market expects a move of about ±$28.66 (32.5%) in Coca-Cola stock by expiration.

The most open interest sits at the $95.00 call (525 contracts) and the $60.00 put (671 contracts).

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

KO options chain · December 15, 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
29	1	37.7%	41.95	42.80	44.95	45.00	0.59	0.78	0.78	30.0%	1	22
0	—	35.7%	42.50	40.65	42.55	47.50	0.50	0.90	0.82	28.9%	—	10
—	—	—	—	—	—	50.00	0.62	1.03	1.03	27.8%	2	29
13	2	33.5%	35.05	34.45	36.15	55.00	1.22	1.31	1.24	25.5%	3	17
108	1	32.0%	30.90	30.40	32.05	60.00	1.65	1.92	1.70	24.4%	16	671
19	2	30.8%	26.69	26.60	28.20	65.00	2.06	2.60	2.35	23.0%	24	123
13	1	30.2%	23.31	23.05	24.75	70.00	2.85	3.35	3.20	21.4%	1	253
19	1	28.5%	19.65	19.65	21.10	75.00	4.05	4.70	4.21	20.7%	2	26
111	3	27.3%	17.50	16.55	17.85	80.00	5.30	6.30	5.82	19.9%	16	76
27	5	26.7%	15.70	15.10	16.30	82.50	6.15	7.20	6.57	19.4%	6	5
62	1	26.3%	13.75	13.75	14.90	85.00	7.00	8.00	8.20	18.6%	1	13
75	6	25.8%	12.12	12.70	13.55	87.50	8.15	9.15	8.65	18.3%	5	70
KO $88.05
177	16	25.4%	11.83	11.50	12.30	90.00	9.50	11.10	9.75	19.3%	6	151
121	16	24.9%	10.63	10.35	11.10	92.50	10.50	11.50	10.50	17.2%	1	27
525	1	24.7%	8.97	9.10	10.05	95.00	11.50	12.90	12.28	16.8%	8	6
37	52	24.2%	8.80	7.55	8.95	97.50	13.35	14.40	14.00	16.3%	4	11
326	4	24.0%	7.04	7.25	8.10	100.00	14.95	16.00	15.80	15.9%	1	8
34	6	24.0%	5.35	5.75	6.75	105.00	—	—	—	—	—	—
180	4	23.3%	4.40	4.75	5.25	110.00	22.25	23.80	21.85	15.2%	—	2
1	2	23.0%	3.80	3.50	4.20	115.00	—	—	—	—	—	—
50	4	23.0%	3.00	2.75	3.40	120.00	0.00	0.00	33.30	—	—	0
124	12	22.8%	2.44	2.13	2.72	125.00	—	—	—	—	—	—
116	8	22.5%	1.91	1.61	2.11	130.00	—	—	—	—	—	—
38	12	22.8%	1.50	1.21	1.77	135.00	45.50	48.25	47.16	21.1%	4	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 KO put/call ratio?

For the December 15, 2028 expiration, the KO put/call ratio based on open interest is 0.69 (1,520 puts vs 2,205 calls), and 0.63 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 December 15, 2028 is about 22.0%, 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.