KOCoca-Cola Company
Options Analysis Report•BEVERAGES
Market Cap $346.1B|NYSE
● 2026-05-15$80.45
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +12.3%YTD +16.4%7D +2.6%
Options Vol
33,877
30D
Implied Move
±5.2%
IV Rank
54%
KO Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
8.1
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks8/9 checks passed
IV Rank
≤35%IV Rank 0.9% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.01x — IV ≤ HV
Sector Relative≤50%
Sector percentile 0% — below sector median
Term Structure
<1.1xFront/Back 0.97x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 19.2% — normal range
Spread-Adjusted Value
<80%Effective IV 40.9% (ATM 19.2% + spread 10.8% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 15.26% (spread 10.83% + slippage 4.43%) — high friction
Vega Efficiency
≥5.0Vega efficiency 12.16 (vega 13.168 / spread 10.83%) — efficient
Sentiment
Bullish or bearish?
5.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: -4%, Raw: +1%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -4% (neutral) — Raw: +1%
OI Skew Magnitude
≥15%|OI skew| 0.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +21.0%, OI skew +0.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 23%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +36%, ATM: -7%, OTM: +8% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 46% — neutral vs sector
Activity
Unusual activity?
3.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 4.4% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +6.2% (5d) — building
Sector Relative≥60%
Sector activity percentile 46% — neutral vs sector
Trade Quality
≥30%Large trade volume 29% — mixed
Execution Urgency
≥60%Aggressive execution 34% — patient
Flow Conviction
≥30Conviction -4 (bearish) — mixed
Liquidity
Can I trade efficiently?
5.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 10.8% — wide
Adequate OI
≥10,000OI 773,504 — deep
Active Volume
≥500Volume 33,877/day — active
Reasonable Cost
≤$0.50$0.54 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 3% — much tighter than sector
Order Book Depth
≥100 contractsDepth 470.20000000000005 contracts (bid:179.1 ask:291.1) — adequate
Execution Quality
<1.0%Avg slippage 4.43% — poor
Timing
Is now a good time?
7.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -3.0% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 1% — buyer opportunity
Event Detection
≥10pts kinkIV kink 0.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 604.02 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -4% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 59 (ITM 20% + inst 29%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.6
bullishIV cheap, mixed flow
Long Puts6.2
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.7
bullishIV too cheap, mixed flow
Covered Call4.2
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.