Coca-Cola Unusual Options Activity For September 01


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Someone with a lot of money to spend has taken a bullish stance on Coca-Cola (NYSE:KO).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with KO, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for Coca-Cola.

This isn't normal.

The overall sentiment of these big-money traders is split between 81% bullish and 18%, bearish.

Out of all of the options we uncovered, 10 are puts, for a total amount of $359,591, and there was 1 call, for a total amount of $88,000.

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 $50.0 to $90.0 for Coca-Cola over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Coca-Cola options trades today is 2081.8 with a total volume of 12,473.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Coca-Cola's big money trades within a strike price range of $50.0 to $90.0 over the last 30 days.

Coca-Cola Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

SymbolPUT/CALLTrade TypeSentimentExp. DateStrike PriceTotal Trade PriceOpen InterestVolume
KOCALLSWEEPBULLISH10/20/23$55.00$88.0K527307
KOPUTTRADEBULLISH06/21/24$50.00$80.0K8.8K1.0K
KOPUTTRADEBULLISH02/16/24$55.00$38.5K5032.7K
KOPUTSWEEPBULLISH02/16/24$55.00$36.3K503747
KOPUTSWEEPBULLISH02/16/24$55.00$32.3K5032.3K

Where Is Coca-Cola Standing Right Now?

  • With a volume of 5,551,777, the price of KO is down -1.1% at $59.17.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 53 days.

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 Coca-Cola, Benzinga Pro gives you real-time options trades alerts.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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Posted In: OptionsMarketsBZI-UOA