KO Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete KO options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around KO.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

Exp: 2026-07-24

Gamma Flip

78.10

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.692

Shows put vs call positioning

IV Skew

-0.40

Put–call IV difference

Max Pain Price Volatility

σ = 6.90

medium volatility

Confidence 38%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bullish tilt is present, but the overall setup remains largely neutral with limited directional reliability. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%

Current DPI is 0.682(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for KO are at 81.53, 80.64, and 78.70, while the resistance levels are at 82.71, 83.60, and 85.54. The pivot point, a key reference price for traders, is at 85.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 0.96% 1-day move.

The expected range for the next 4 days is 81.48 — 83.36 , corresponding to +1.51% / -0.78% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 83.96 (2.25% above spot).

Bearish positioning points to downside pressure toward 81.32 (0.97% below spot).

Options flow strength: 0.74 (0–1 scale). ATM Strike: 82.00, Call: 0.86, Put: 0.71, Straddle Cost: 1.57.

Price moves are likely to stay range-bound. The short-term gamma flip is near 80.38 , with intermediate positioning around 78.10 . The mid-term gamma flip remains near 78.12.