Coca-Cola Unusual Options Activity For October 12
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Coca-Cola (NYSE:KO), with an equal split between bullish and bearish expectations. The trades include 5 puts totaling $400,610 and 5 calls totaling $183,392. Whales have been targeting a price range from $42.5 to $65.0 for Coca-Cola over the last 3 months. Citigroup maintains a Buy rating on Coca-Cola with a price target of $65.
October 12, 2023 | 3:45 pm
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Coca-Cola has seen significant unusual options activity, with a split between bullish and bearish expectations. Citigroup maintains a Buy rating with a price target of $65.
The unusual options activity indicates a high level of interest in Coca-Cola's stock, but the equal split between bullish and bearish expectations suggests uncertainty about the stock's direction. Citigroup's maintained Buy rating and $65 price target could provide some positive sentiment, but the overall impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100