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Carter Worth And Mike Khouw's Coca-Cola Trade

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Carter Worth And Mike Khouw's Coca-Cola Trade

Speaking on CNBC's Options Action, Carter Worth said he's bullish on The Coca-Cola Co (NYSE: KO). He explained that the stock is underperforming the consumer staples index and the market and he thinks it's going to trade higher and catch up with the sector and the rest of the market.

Worth added that Coca-Cola has the second highest dividend yield among the consumer staples stocks, which makes it interesting for investors. Worth also noticed that the stock broke above its down trend and he thinks it's going to continue to trade higher. He thinks it could jump 10 percent higher.

Mike Khouw suggested a bullish options trade in Coca-Cola. He wants to buy the May 42 call for $0.95. The trade breaks even at $42.95 or 1.56 percent above the current stock price.

See Also:

Investors Growing Impatient With Coca-Cola's Inability To Overcome Macro Challenges

The Trump Diet: Fried Chicken, Diet Coke And Big Macs Served On A Silver Platter

Posted-In: Carter Worth CNBC Mike KhouwOptions Markets Media Trading Ideas Best of Benzinga

 

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