KOCoca-Cola Company
Options Analysis Report•BEVERAGES
Market Cap $383.3B|NYSE
● 2026-07-30$89.08
NEUTRAL
Analysis: 2026-07-29 EOD data
1Y +29.6%YTD +28.9%7D +9.7%
Options Vol
93,357
30D
Implied Move
±14.8%
IV Rank
100%
KO Options Overview
unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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KO Gamma Walls
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Value
Is IV priced right?
3.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 42.5% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.36x — IV premium over HV
Sector Relative≤50%
Sector percentile 61% — above sector median
Term Structure
<1.1xFront/Back 4.58x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 43.2% — normal range
Spread-Adjusted Value
<80%Effective IV 58.9% (ATM 43.2% + spread 7.8% + bias) — good value
Execution Efficiency
<3.0%Total drag 11.56% (spread 7.85% + slippage 3.71%) — high friction
Vega Efficiency
≥5.0Vega efficiency 10.28 (vega 8.072 / spread 7.85%) — efficient
Sentiment
Bullish or bearish?
6.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +11%, Raw: +7%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +11% (bullish) — Raw: +7%
OI Skew Magnitude
≥15%|OI skew| 9.9% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +18.4%, OI skew +9.9% — aligned
Conviction Quality
≥2/3 conditions0-DTE 35%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -7%, ATM: +23%, OTM: +6% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 60% — bearish vs sector
Activity
Unusual activity?
5.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.5x avg — normal
Turnover Rate
≥15%Vol/OI 13.1% — 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 +8.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 83% — very active vs sector
Trade Quality
≥30%Large trade volume 24% — mixed
Execution Urgency
≥60%Aggressive execution 44% — patient
Flow Conviction
≥30Conviction +11 (bullish) — 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 7.8% — wide
Adequate OI
≥10,000OI 711,256 — deep
Active Volume
≥500Volume 93,357/day — active
Reasonable Cost
≤$0.50$0.39 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 63% — wider than sector
Order Book Depth
≥100 contractsDepth 278.3 contracts (bid:125.7 ask:152.6) — adequate
Execution Quality
<1.0%Avg slippage 3.71% — poor
Timing
Is now a good time?
7.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +358.2% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 42% — neutral
Event Detection
≥10pts kinkIV kink 81.4pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 80.96 — 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 +11% @ 55% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 54 (ITM 20% + inst 24%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.3
bullishIV expensive, bullish flow
Long Puts4.3
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.3
bullishIV rich premium, bullish flow
Covered Call5.3
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.