Decoding Coca-Cola's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish stance on Coca-Cola KO.

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 8 options trades for Coca-Cola.

This isn't normal.

The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $26,208, and 7, calls, for a total amount of $397,944.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $57.0 to $61.0 for Coca-Cola over the recent three 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 $57.0 to $61.0 in the last 30 days.

Coca-Cola Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
KO CALL SWEEP BEARISH 04/19/24 $1.57 $1.52 $1.52 $57.00 $152.0K 10 60
KO CALL SWEEP BEARISH 05/10/24 $0.31 $0.29 $0.29 $61.00 $78.3K 995 2.7K
KO CALL SWEEP BULLISH 05/17/24 $1.94 $1.91 $1.94 $57.50 $38.8K 2.7K 214
KO CALL TRADE BEARISH 09/20/24 $2.0 $1.98 $1.98 $60.00 $35.6K 384 41
KO CALL SWEEP BEARISH 05/17/24 $1.93 $1.92 $1.92 $57.50 $33.6K 2.7K 281

About Coca-Cola

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 revenues overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.

Present Market Standing of Coca-Cola

  • Currently trading with a volume of 6,617,132, the KO's price is down by -1.34%, now at $58.26.
  • RSI readings suggest the stock is currently may be approaching oversold.
  • Anticipated earnings release is in 18 days.

What The Experts Say On Coca-Cola

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $68.0.

  • An analyst from Barclays persists with their Overweight rating on Coca-Cola, maintaining a target price of $68.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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