A whale with a lot of money to spend has taken a noticeably bearish stance on Coca-Cola.
Looking at options history for Coca-Cola (NYSE:KO) we detected 24 strange trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $1,648,055 and 14, calls, for a total amount of $548,618.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $42.5 to $70.0 for Coca-Cola over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Coca-Cola's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Coca-Cola's whale activity within a strike price range from $42.5 to $70.0 in the last 30 days.
Coca-Cola Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| KO | PUT | TRADE | NEUTRAL | 06/17/22 | $70.00 | $1.1M | 3.1K | 1.5K |
| KO | PUT | SWEEP | BEARISH | 06/17/22 | $62.50 | $88.4K | 9.2K | 503 |
| KO | CALL | TRADE | BEARISH | 01/19/24 | $42.50 | $82.4K | 97 | 40 |
| KO | PUT | SWEEP | BULLISH | 06/17/22 | $62.50 | $79.2K | 9.2K | 2.0K |
| KO | PUT | SWEEP | BULLISH | 07/15/22 | $60.00 | $79.1K | 14.8K | 1.8K |
Where Is Coca-Cola Standing Right Now?
- With a volume of 12,165,922, the price of KO is up 3.2% at $62.93.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 58 days.
What The Experts Say On Coca-Cola:
- Credit Suisse has decided to maintain their Outperform rating on Coca-Cola, which currently sits at a price target of $68.
- Citigroup has decided to maintain their Neutral rating on Coca-Cola, which currently sits at a price target of $68.
- Guggenheim has decided to maintain their Buy rating on Coca-Cola, which currently sits at a price target of $71.
- DZ Bank downgraded its action to Hold with a price target of $69
- Deutsche Bank has decided to maintain their Hold rating on Coca-Cola, which currently sits at a price target of $64.
Options are a riskier asset compared to just trading the stock, 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 updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.
