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KOCoca-Cola Company

Options Analysis Report•BEVERAGES
Market Cap $379.9B|NYSE
● 2026-09-11$88.29
NEUTRAL
Analysis: 2026-09-10 EOD data
1Y +33.3%YTD +27.7%7D +0.2%
34,585
30D
±5.3%
15%

KO Options Overview

IV is low. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

6.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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KO Gamma Walls

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Value

Is IV priced right?

8.3
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 2.2% — cheap vs history

<1.05x

IV/HV 1.27x — IV premium over HV

Sector Relative≤50%

Sector percentile 0% — below sector median

<1.1x

Front/Back 0.90x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 20.1% — normal range

<80%

Effective IV 30.7% (ATM 20.1% + spread 5.3% + bias) — excellent value

<3.0%

Total drag 8.98% (spread 5.29% + slippage 3.69%) — high friction

≥5.0

Vega efficiency 13.15 (vega 6.955 / spread 5.29%) — efficient

Sentiment

Bullish or bearish?

5.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -14%, Raw: -8%)
|net sentiment| ≥25%

Conviction-weighted: -14% (bearish) — Raw: -8%

≥15%

|OI skew| 10.9% — balanced

Same sign, |vol skew| ≥10%

Vol skew +20.3%, OI skew +10.9% — aligned

≥2/3 conditions

0-DTE 18%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -0%, ATM: +1%, OTM: -15% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 34% — bullish vs sector

Activity

Unusual activity?

3.8
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.8x avg — normal

≥15%

Vol/OI 4.8% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +0.1% (5d) — stable

Sector Relative≥60%

Sector activity percentile 63% — active vs sector

≥30%

Large trade volume 30% — institutional presence

≥60%

Aggressive execution 45% — patient

≥30

Conviction -14 (bearish) — mixed

Liquidity

Can I trade efficiently?

6.3
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks5/8 checks passed
≤5.0%

Spread 5.3% — wide

≥10,000

OI 719,999 — deep

≥500

Volume 34,585/day — active

≤$0.50

$0.26 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 9% — much tighter than sector

≥100 contracts

Depth 302.9 contracts (bid:142.6 ask:160.3) — adequate

<1.0%

Avg slippage 3.69% — poor

Timing

Is now a good time?

6.8
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -10.4% — contango

<30 or >70

IV percentile 2% — buyer opportunity

≥10pts kink

IV kink -1.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 222.20 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -14% @ 57% consistency — unclear

≥40 composite score

Score 60 (ITM 20% + inst 30%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls6.9
bullishIV cheap, mixed flow
Long Puts6.4
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.8
bullishIV too cheap, mixed flow
Covered Call4.3
bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 14, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on KO

KO gamma wallsKO option chainKO max painKO expected moveKO IV rankKO put/call ratioKO options flow