When it comes to investment waters, the behemoths known as investors are signaling a bearish outlook for Coca-Cola (NYSE:KO).
And retail traders, listen up.
Hiding in the depths of publicly available options history, where we fish for insights here at, shall we say, a certain financial publication, lies evidence of this seismic shift.
Who are these shadowy figures – institutions or affluent individuals? We can only guess. But in the deep blue sea of market moves, ripples of this scale often foretell the approaching storm.
So what exactly did these colossal investors just unleash?
Today, the legendary Benzinga‘s options scanner detected a school of 10 unique options trades surrounding Coca-Cola.
This is not your everyday occurrence.
The prevailing sentiment among these leviathan traders is a split between 20% bullish and a dominant 50% bearish stance.
Out of the treasure trove of exotic options uncovered, 5 take the form of puts, valued at a total sum of $318,061, while the remaining 5 manifest as calls, with a combined value of $168,302.
Unveiling the Depths of the Ocean: Projected Price Targets
Considering the Volume and Open Interest on these mysterious contracts, it appears that the whales have charted a course within the price depths ranging from $52.5 to $70.0 for Coca-Cola over the past 3 months.
Navigating the Tides: Insights into Volume & Open Interest
Delving into the volume and open interest provides vital clues in the deep sea of market research. This intel is pivotal in gauging the ebb and flow of liquidity and interest surrounding Coca-Cola’s options at specific strike prices. Below, we unveil a snapshot of the currents in volume and open interest for calls and puts across Coca-Cola’s substantial trades, within a strike price spectrum of $52.5 to $70.0, over the recent moon cycle.
The Big Catch: Coca-Cola Option Volume and Open Interest Over Last 30 Days
Uncovering Buried Secrets: Noteworthy Options Activity
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KO | PUT | TRADE | BEARISH | 07/26/24 | $2.25 | $1.99 | $2.19 | $69.00 | $109.5K | 8 | 500 |
| KO | PUT | SWEEP | BEARISH | 08/16/24 | $0.24 | $0.23 | $0.24 | $65.00 | $65.9K | 5.5K | 3.7K |
| KO | PUT | TRADE | BEARISH | 07/26/24 | $2.11 | $2.01 | $2.08 | $69.00 | $62.4K | 8 | 500 |
| KO | CALL | SWEEP | BEARISH | 01/17/25 | $4.35 | $4.25 | $4.25 | $65.00 | $44.2K | 10.0K | 285 |
| KO | PUT | TRADE | BULLISH | 07/26/24 | $2.14 | $2.05 | $2.07 | $69.00 | $41.3K | 8 | 1.5K |
Delving into the Depths: About Coca-Cola
Established in 1886, Coca-Cola, headquartered in Atlanta, reigns as the titan of the nonalcoholic beverage realm. With a vast armada of 200 brands spanning an array of categories such as soft drinks, water, sports drinks, energy drinks, juice, and coffee. Teaming up with bottlers and distribution partners, the company navigates the high seas, vending finished beverage treasures donned with the Coca-Cola insignia and licensed brands via retail and food-service establishments across over 200 countries and regions worldwide. Coca-Cola’s revenue brims largely from foreign shores, with a substantial bounty hailing from burgeoning markets in Latin America and the Asia-Pacific region.
Having plumbed the options trading depths surrounding Coca-Cola, our focus now shifts to the grand ship itself. This pivot steers us into the waters of its current market standing and performance.
Sailing the Financial Waters: Coca-Cola’s Current Market Status
- Currently sailing with a volume of 13,317,693, the KO ship sees its price charting a 1.48% course upward to entrench itself at $67.05.
- The RSI readings hint that the stock may be cruising towards overbought waters.
- Anchors aweigh for the anticipated earnings release in 88 days.
Whispers in the Wind: What The Experts Say on Coca-Cola
A choir of 5 seasoned analysts has echoed their sentiments on this stock within the past 30 days, harmonizing around an average price target of $72.0.
- In a bold proclamation, an analyst from JP Morgan upholds their Overweight rating on Coca-Cola, sighting a price target of $72.
- A steadfast analyst from Citigroup continues to hoist the Buy flag for Coca-Cola, aiming for a shore at $75.
- The drums beat on as an analyst from Barclays persists with their Overweight rating on Coca-Cola, navigating towards a $70 port.
- Joining the chorus, an analyst from Wells Fargo retains their Overweight stance on Coca-Cola at a harbor with a price target set at $73.
- Continuing the melody, an analyst from TD Cowen opts to remain anchored in a Hold rating for Coca-Cola, steering toward a dock resting at $70.
Diving into options trading plunges one into greater risks but opens doors to higher profit horizons. Astute traders chart these treacherous waters through continuous education, strategic maneuvers, leveraging various tools, and staying attuned to market tempests. Stay abreast of the latest options trades for Coca-Cola with Benzinga Pro for real-time alerts.