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Todd Gordon Is Bullish On Coca-Cola

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On CNBC's Trading Nation, Todd Gordon of TradingAnalysis.com spoke about The Coca-Cola Co (NYSE: KO).

He showed a chart of the stock which shows that it is trading close to its 52 week high and he explained that Coca-Cola looks like it is going to break out above $44.

To make a bullish bet Gordon suggested a bullish options strategy in Coca-Cola. He would buy the January 44/46 call spread for $0.50. The breakeven for the trade is $44.50 and his maximal profit is $1.50, if the stock trades to $46.

 

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Posted-In: CNBC Todd Gordon Trading NationLong Ideas Media Trading Ideas