What Are Whales Doing With Coca-Cola

What Are Whales Doing With Coca-Cola

A whale with a lot of money to spend has taken a noticeably bearish stance on Coca-Cola.

Looking at options history for Coca-Cola KO we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 0% of the investors opened trades with bullish expectations and 100% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $337,305 and 4, calls, for a total amount of $237,150.

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 $60.0 to $90.0 for Coca-Cola over the last 3 months.

Volume & Open Interest Development

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 $60.0 to $90.0 in 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 CALL TRADE BEARISH 10/28/22 $64.00 $122.5K 15 2.5K
KO PUT SWEEP BEARISH 09/16/22 $65.00 $89.6K 3.2K 331
KO PUT TRADE BEARISH 11/18/22 $65.00 $83.1K 2.5K 235
KO PUT TRADE BEARISH 01/17/25 $90.00 $59.5K 1 20
KO CALL TRADE BEARISH 11/18/22 $60.00 $55.6K 22.1K 200

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
KO CALL TRADE BEARISH 10/28/22 $64.00 $122.5K 15 2.5K
KO PUT SWEEP BEARISH 09/16/22 $65.00 $89.6K 3.2K 331
KO PUT TRADE BEARISH 11/18/22 $65.00 $83.1K 2.5K 235
KO PUT TRADE BEARISH 01/17/25 $90.00 $59.5K 1 20
KO CALL TRADE BEARISH 11/18/22 $60.00 $55.6K 22.1K 200

Where Is Coca-Cola Standing Right Now?

  • With a volume of 3,221,472, the price of KO is up 0.5% at $60.77.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 42 days.

What The Experts Say On Coca-Cola:

  • HSBC has decided to maintain their Buy rating on Coca-Cola, which currently sits at a price target of $76.

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.

Posted In: BZI-UOAOptionsMarkets