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Coca-Cola's Options: A Look at What the Big Money is Thinking
Coca-Cola Company +0.34%
Coca-Cola Company KO | 77.34 | +0.34% |
Deep-pocketed investors have adopted a bullish approach towards Coca-Cola (NYSE:KO), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in KO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Coca-Cola. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 45% bearish. Among these notable options, 4 are puts, totaling $140,808, and 7 are calls, amounting to $1,847,042.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $85.0 for Coca-Cola during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $60.0 to $85.0 in the last 30 days.
Coca-Cola Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KO | CALL | TRADE | BULLISH | 01/21/28 | $5.55 | $5.35 | $5.55 | $85.00 | $1.1M | 4.4K | 2.0K |
| KO | CALL | TRADE | NEUTRAL | 02/20/26 | $6.9 | $6.3 | $6.6 | $72.50 | $321.4K | 14.6K | 984 |
| KO | CALL | SWEEP | BULLISH | 01/21/28 | $20.95 | $20.95 | $20.95 | $60.00 | $167.6K | 663 | 114 |
| KO | CALL | SWEEP | BULLISH | 01/21/28 | $9.15 | $8.7 | $9.15 | $77.50 | $91.5K | 168 | 238 |
| KO | CALL | SWEEP | BEARISH | 01/21/28 | $9.2 | $8.95 | $8.98 | $77.50 | $85.8K | 168 | 95 |
About Coca-Cola
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.
After a thorough review of the options trading surrounding Coca-Cola, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Coca-Cola's Current Market Status
- Currently trading with a volume of 8,777,651, the KO's price is up by 0.78%, now at $79.3.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 70 days.
Expert Opinions on Coca-Cola
In the last month, 5 experts released ratings on this stock with an average target price of $86.2.
- An analyst from UBS persists with their Buy rating on Coca-Cola, maintaining a target price of $87.
- An analyst from RBC Capital persists with their Outperform rating on Coca-Cola, maintaining a target price of $87.
- An analyst from JP Morgan persists with their Overweight rating on Coca-Cola, maintaining a target price of $83.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Coca-Cola, which currently sits at a price target of $87.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Coca-Cola with a target price of $87.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.
