Deep-pocketed investors have taken a bullish approach to Coca-Cola AND, and it is something that market participants should not ignore. Our tracking of public options records at Benzinga revealed this significant move today. The identity of these investors remains unknown, but such a substantial move towards KO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 10 standout businesses for Coca-Cola. This level of activity is out of the ordinary.
The general mood among these large investors is divided, with 50% trending bullish and 50% trending bearish. Among these notable options, 3 are puts, totaling $255,362, and 7 are calls, totaling $825,816.
Expected price range
From trading activity it appears that in the last three months the main investors are aiming for a price range ranging from 40.0 to 62.5 dollars for Coca-Cola.
Development of open volumes and interests
Looking at volume and open interest is a powerful move when trading options. This data can help you track liquidity and interest for Coca-Cola options for a given strike price. Below, we can observe the evolution of call and put volume and open interest, respectively, for all Coca-Cola whale trades within a strike price range of $40.0 to $ 62.5 in the last 30 days.
Snapshot of 30-day Coca-Cola options volume and interest
Largest options trades observed:
| Symbol | PUT/CALL | Type of trade | Feeling | Exp. Date | Strike price | Total commercial price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AND | CALL | TRADE | BEARISH | 04/19/24 | $60.00 | $217.6K | 3.5K | 1.6K |
| AND | PUT | SWEEP | BEARISH | 01/03/24 | $61.00 | $202.4K | 3.1K | 3.6K |
| AND | CALL | SWEEP | BEARISH | 01/17/25 | $55.00 | $165.0K | 2.1K | 224 |
| AND | CALL | SWEEP | BULLISH | 06/21/24 | $40.00 | $161.0K | 56 | 78 |
| AND | CALL | SWEEP | BEARISH | 01/17/25 | $55.00 | $138.3K | 2.1K | 411 |
About Coca Cola
Founded in 1886, Atlanta-based Coca-Cola is the largest soft drink company in the world, with a broad portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice and coffee. Together with bottlers and distribution partners, the Company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and foodservice outlets in more than 200 countries and regions worldwide. Coca-Cola generates about two-thirds of its total revenues overseas, with a significant share from the emerging economies of Latin America and Asia-Pacific.
After examining Coca-Cola’s options trading patterns, our attention now turns directly to the company. This move allows us to delve deeper into its current market position and performance
Current market position of Coca-Cola
- Trading volume stands at 3,896,257, with the price of KO down -0.23%, positioned at $60.57.
- RSI indicators show that the stock may be approaching overbought.
- Earnings announcement expected in 55 days.
What Coca-Cola analysts say
Over the past month, 1 expert has released ratings on this stock with an average target price of $66.0.
- A JP Morgan analyst insists on an Overweight rating on Coca-Cola, maintaining a target price of $66.
Options are a riskier asset than simply trading stocks, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay up to date on the latest options trades for Coca-Cola, Benzinga Pro provides you with real-time options trade alerts.