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Investors with a lot of money to spend have taken a bearish stance on Coca-Cola (NYSE:KO).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KO, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Coca-Cola.
This isn't normal.
The overall sentiment of these big-money traders is split between 20% bullish and 50%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $318,061, and 5 are calls, for a total amount of $168,302.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $52.5 to $70.0 for Coca-Cola over the last 3 months.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Coca-Cola's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Coca-Cola's significant trades, within a strike price range of $52.5 to $70.0, over the past month.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
KO | PUT | TRADE | BEARISH | 07/26/24 | $2.25 | $1.99 | $2.19 | $69.00 | $109.5K | 8 | 500 |
KO | PUT | SWEEP | BEARISH | 08/16/24 | $0.24 | $0.23 | $0.24 | $65.00 | $65.9K | 5.5K | 3.7K |
KO | PUT | TRADE | BEARISH | 07/26/24 | $2.11 | $2.01 | $2.08 | $69.00 | $62.4K | 8 | 500 |
KO | CALL | SWEEP | BEARISH | 01/17/25 | $4.35 | $4.25 | $4.25 | $65.00 | $44.2K | 10.0K | 285 |
KO | PUT | TRADE | BULLISH | 07/26/24 | $2.14 | $2.05 | $2.07 | $69.00 | $41.3K | 8 | 1.5K |
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong 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 food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.
Having examined the options trading patterns of Coca-Cola, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $72.0.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coca-Cola with Benzinga Pro for real-time alerts.
Posted In: KO