Spotlight on Coca-Cola: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bullish 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 9 options trades for Coca-Cola.

This isn't normal.

The overall sentiment of these big-money traders is split between 44% bullish and 22%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $30,870, and 8, calls, for a total amount of $296,901.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $27.5 to $62.5 for Coca-Cola during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $27.5 to $62.5 in the last 30 days.

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

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
KO CALL SWEEP BULLISH 07/19/24 $2.82 $2.8 $2.82 $60.00 $65.7K 4.5K 1.1K
KO CALL SWEEP BEARISH 09/20/24 $2.01 $1.98 $1.97 $62.50 $45.9K 5.9K 1.3K
KO CALL TRADE BEARISH 01/17/25 $37.0 $34.45 $35.3 $27.50 $35.3K 14 10
KO CALL TRADE NEUTRAL 01/17/25 $37.25 $33.95 $35.3 $27.50 $35.3K 14 0
KO CALL SWEEP BULLISH 06/21/24 $7.6 $7.5 $7.57 $55.00 $33.4K 1.5K 0

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

After a thorough review of the options trading surrounding Coca-Cola, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Coca-Cola Standing Right Now?

  • With a trading volume of 4,749,610, the price of KO is down by -0.07%, reaching $62.84.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 41 days from now.

Professional Analyst Ratings for Coca-Cola

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $71.0.

  • An analyst from Morgan Stanley has decided to maintain their Overweight rating on Coca-Cola, which currently sits at a price target of $70.
  • An analyst from Argus Research has decided to maintain their Buy rating on Coca-Cola, which currently sits at a price target of $72.

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.

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Posted In: OptionsMarketsBZI-UOA
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