Coca-Cola Unusual Options Activity For September 01
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Coca-Cola (NYSE:KO) has been observed through unusual options activity. The sentiment among these big-money traders is 81% bullish and 18% bearish. The options trades include 10 puts amounting to $359,591 and 1 call amounting to $88,000. The targeted price range for Coca-Cola over the last 3 months is from $50.0 to $90.0. The current price of KO is down -1.1% at $59.17.
September 01, 2023 | 5:48 pm
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Coca-Cola has seen unusual options activity with a significant bullish stance. The targeted price range for the stock over the last 3 months is from $50.0 to $90.0.
The unusual options activity indicates that big-money traders are taking a bullish stance on Coca-Cola. This could potentially drive the stock price up in the short term. However, the current price of KO is down -1.1% at $59.17, which might be a temporary dip before the price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100