What Are Whales Doing With Coca-Cola

Someone with a lot of money to spend has taken a bullish stance on Coca-Cola 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.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 17 uncommon options trades for Coca-Cola.

This isn't normal.

The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $3,160,839, and 8 are calls, for a total amount of $448,628.

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 $57.5 to $80.0 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 2891.6 with a total volume of 14,357.00.

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 $57.5 to $80.0 over 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 BEARISH 01/19/24 $80.00 $2.7M 42 1.5K
KO CALL SWEEP BULLISH 07/29/22 $65.00 $130.3K 2.1K 1.6K
KO CALL SWEEP BEARISH 08/19/22 $67.50 $109.9K 9.6K 2.0K
KO PUT TRADE BULLISH 01/20/23 $67.50 $83.0K 1.9K 118
KO PUT TRADE BULLISH 09/16/22 $62.50 $72.0K 6.6K 250

Where Is Coca-Cola Standing Right Now?

  • With a volume of 6,980,975, the price of KO is up 1.16% at $62.6.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 26 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.

Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...