Coca-Cola Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Coca-Cola (NYSE:KO) with 80% of detected unusual options trades being bearish. Whales have been targeting a price range of $45 to $65 for Coca-Cola over the last 3 months. KO's price is down 0.64% at $61.01, and RSI indicators suggest it may be oversold.
May 24, 2023 | 5:34 pm
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Coca-Cola experiences unusual options activity with 80% bearish trades. Whales target a price range of $45 to $65. KO's price is down 0.64% at $61.01, and RSI indicators suggest it may be oversold.
The article highlights a significant bearish stance on Coca-Cola by a whale, with 80% of the unusual options trades being bearish. This indicates a negative sentiment towards the stock. Additionally, the stock price is down 0.64% at $61.01, and RSI indicators suggest it may be oversold, which could lead to further downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100