Investors with plenty of money to spend have taken a bearish stance Coca-cola IS.
And retailers should know this.
We noticed this today when the trades appeared in the publicly available options history we track here at Benzinga.
We don't know if these are institutions or wealthy individuals, but when something this serious happens with KO, it usually means that someone knows something is about to happen.
So how do we know what these investors just did?
Today, Gasoline poweredThe options scanner detected 15 unusual options trades for Coca-Cola.
This is not normal.
The overall sentiment of these top traders is split between 40% bullish and 53% bearish.
Of all the special options we discovered, 3 are put options, for a total amount of $235,245, and 12 are call options, for a total amount of $851,005.
What is the target price?
Looking at the volume and open interest in these contracts, it appears that the big players have been eyeing a price window of $55.0 to $77.5 for Coca-Cola over the past quarter.
Volume and open interest development
Evaluating volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coca-Cola options at specific strike prices. The data below visualizes the fluctuation in volume and open interest for both call and put options, tied to Coca-Cola's substantial trades, within a strike price spectrum of $55.0 to $77.5 over the previous 30 days.
Coca-Cola Call and Put Options Volume: 30-Day Summary
Notable options activity:
| Symbol | PUT/CALL | Type of trade | Feeling | Expiration date | Ask | Tender | Price | Strike price | Total commercial price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IS | CALL | TRADE | BULLISH | 17/01/25 | $5.45 | $5.3 | $5.4 | $67.50 | $ 232.2 thousand | 14.7K | 431 |
| IS | CALL | TRADE | BEARISH | 12/20/24 | $0.77 | $0.75 | $0.74 | $75.00 | $222.0K | 4.1K | 3.9K |
| IS | PUT | SWEEP | BEARISH | 21/02/25 | $6.45 | $6.35 | $6.45 | $77.50 | $167.0K | 461 | 259 |
| IS | CALL | SWEEP | BEARISH | 12/20/24 | $0.75 | $0.74 | $0.75 | $75.00 | $67.4K | 4.1K | 958 |
| IS | CALL | SWEEP | BEARISH | 11/10/24 | $16.5 | $16.4 | $16.4 | $55.00 | $ 49.1 thousand | 0 | 43 |
About Coca-Cola
Founded in 1886, Atlanta-based Coca-Cola is the world's largest non-alcoholic beverage company with a 200-strong portfolio of brands spanning key categories including carbonated soft drinks, water, sports drinks, energy drinks, juices and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing the Coca-Cola brand and licensed brands through retailers and foodservice establishments in more than 200 countries and regions around the world. Coca-Cola generates about two-thirds of its total revenue overseas, with a significant portion in the emerging economies of Latin America and Asia-Pacific.
Having examined Coca-Cola's options trading patterns, we will now focus directly on the company. This shift allows us to take a deeper look at its current market position and performance.
Current Situation of the Coca-Cola Market
- Trading volume stands at 12,677,698, with the KO price down -0.56% to $71.33.
- RSI indicators show that the stock is currently neutral between overbought and oversold.
- Earnings announcement expected in 28 days.
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Options trading presents higher risks and potential rewards. Savvy traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed on the latest Coca-Cola options trades with real-time alerts from Benzinga Pro.
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