This Is What Whales Are Betting On 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 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 69% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $113,970 and 10, calls, for a total amount of $401,265.

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 $45.0 to $65.0 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 3844.25 with a total volume of 11,374.00.

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 $45.0 to $65.0 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 CALL SWEEP BEARISH 12/15/23 $62.50 $95.1K 15.5K 4.7K
KO CALL SWEEP BEARISH 10/20/23 $59.00 $52.4K 393 1.0K
KO PUT TRADE BULLISH 05/17/24 $60.00 $48.9K 19 0
KO CALL TRADE BEARISH 01/16/26 $60.00 $42.9K 164 70
KO CALL TRADE BEARISH 01/19/24 $62.50 $37.1K 7.8K 3.0K

Where Is Coca-Cola Standing Right Now?

  • With a volume of 6,275,390, the price of KO is up 0.13% at $58.38.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 35 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.

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Posted In: OptionsMarketsBZI-UOA
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