The Coca-Cola Company (KO) Expected Move
Expected move estimates the probable price range for a given period based on at-the-money options pricing. It reflects the market consensus for volatility over the selected timeframe.
The Coca-Cola Company (KO) operates in the Consumer Defensive sector, specifically the Beverages - Non-Alcoholic industry, with a market capitalization near $345.32B, listed on NYSE, employing roughly 69,700 people, carrying a beta of 0.36 to the broader market. The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. Led by Henrique Braun, public since 1919-09-05.
Snapshot as of May 15, 2026.
- Spot Price
- $80.93
- Expected Move
- 5.1%
- Implied High
- $85.08
- Implied Low
- $76.78
- Front DTE
- 28 days
As of May 15, 2026, The Coca-Cola Company (KO) has an expected move of 5.13%, a one-standard-deviation implied price range of roughly $76.78 to $85.08 from the current $80.93. Expected move is derived from at-the-money straddle pricing and represents the market's pricing of a ±1σ move. Roughly 68% of outcomes should fall within this range under lognormal assumptions, though empirical markets have fatter tails.
KO Strategy Sizing to the Expected Move
With The Coca-Cola Company pricing an expected move of 5.13% from $80.93, risk-defined strategies sized to the implied range structurally target the modal outcome distribution. Iron condors with wings at the ±1σ expected move boundaries collect premium against the ~68% probability that spot stays inside the range under lognormal assumptions; strangles set wider at ±1.5σ or ±2σ target the tails but pay smaller per-trade premium. Long-vol structures (long straddles, ratio backspreads) profit when realized move exceeds the implied move, the inverse trade: they bet against the lognormal assumption itself, capitalizing on the empirically fatter equity-return tails.
Learn how expected move is reported and how to read the data →
Per-expiration expected move for KO derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $80.93 × (1 ± expected move %). One standard-deviation range under lognormal assumptions, roughly 68% of outcomes fall inside.
| Expiration | DTE | ATM IV | Expected Move | Implied High | Implied Low |
|---|---|---|---|---|---|
| May 22, 2026 | 7 | 17.2% | 2.4% | $82.86 | $79.00 |
| May 29, 2026 | 14 | 16.9% | 3.3% | $83.61 | $78.25 |
| Jun 5, 2026 | 21 | 17.6% | 4.2% | $84.35 | $77.51 |
| Jun 12, 2026 | 28 | 17.3% | 4.8% | $84.81 | $77.05 |
| Jun 18, 2026 | 34 | 18.8% | 5.7% | $85.57 | $76.29 |
| Jun 26, 2026 | 42 | 18.2% | 6.2% | $85.93 | $75.93 |
| Jul 17, 2026 | 63 | 18.6% | 7.7% | $87.18 | $74.68 |
| Aug 21, 2026 | 98 | 19.7% | 10.2% | $89.19 | $72.67 |
| Sep 18, 2026 | 126 | 20.0% | 11.8% | $90.44 | $71.42 |
| Oct 16, 2026 | 154 | 20.0% | 13.0% | $91.44 | $70.42 |
| Nov 20, 2026 | 189 | 20.2% | 14.5% | $92.69 | $69.17 |
| Dec 18, 2026 | 217 | 20.0% | 15.4% | $93.41 | $68.45 |
| Jan 15, 2027 | 245 | 19.8% | 16.2% | $94.06 | $67.80 |
| Mar 19, 2027 | 308 | 20.2% | 18.6% | $95.95 | $65.91 |
| Jun 17, 2027 | 398 | 20.4% | 21.3% | $98.17 | $63.69 |
| Jan 21, 2028 | 616 | 20.5% | 26.6% | $102.48 | $59.38 |
KO highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $84.00 | May 22, 2026 | 5.9K | 181 | 19.0% | $0.07 | $0.10 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked KO expected move questions
- What is the current KO expected move?
- As of May 15, 2026, The Coca-Cola Company (KO) has an expected move of 5.13% over the next 28 days, implying a one-standard-deviation price range of $76.78 to $85.08 from the current $80.93. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the KO expected move mean for traders?
- Roughly 68% of outcomes should fall within ±1 expected move and 95% within ±2 under lognormal assumptions, though equity returns have empirically fatter tails than log-normal predicts. Strategies sized to the expected move (iron condors at ±1σ, strangles at ±1.5σ) target the typical outcome distribution; strategies that profit from tail moves (long-vol structures, ratio backspreads) target the tails the lognormal model under-prices.
- How is KO expected move calculated?
- The expected move displayed here is derived from at-the-money implied volatility scaled to the chosen tenor: expected move % is approximately ATM IV times sqrt(T / 365), where T is days to expiration. An equivalent straddle-based form: the ATM straddle (call + put at the same strike) is roughly sqrt(2/pi) times spot times IV times sqrt(T/365), so the implied one-standard-deviation move is approximately 1.25 times ATM straddle divided by spot. The two formulations agree once the sqrt(2/pi) constant is reconciled.