Market Whales and Their Recent Bets on Coca-Cola Options

Investors with a lot of money to spend have taken a bearish stance on Coca-Cola KO.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KO, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Coca-Cola.

This isn't normal.

The overall sentiment of these big-money traders is split between 27% bullish and 63%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $514,911, and 4 are calls, for a total amount of $252,263.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $72.0 for Coca-Cola over the recent three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Coca-Cola options trades today is 1363.44 with a total volume of 8,816.00.

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 $72.0 over the last 30 days.

Coca-Cola Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

In light of the recent options history for Coca-Cola, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Coca-Cola

• With a volume of 5,545,514, the price of KO is up 0.91% at $70.66.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 33 days.

Professional Analyst Ratings for Coca-Cola

In the last month, 1 experts released ratings on this stock with an average target price of $80.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Coca-Cola with a target price of $80.

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.