Live On CNBC, Kevin Simpson Announces Covered Coca-Cola Calls
Portfolio Pulse from Benzinga Newsdesk
On CNBC, Kevin Simpson announced covered calls on Coca-Cola (KO). This strategy involves owning Coca-Cola stock and selling call options, potentially indicating a bullish stance on the stock but with a desire to generate income or hedge against moderate price declines.
December 15, 2023 | 5:31 pm
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Kevin Simpson's announcement of covered calls on Coca-Cola could signal a bullish outlook on KO, with the added benefit of income from option premiums.
Covered calls are typically a bullish signal as the investor owns the stock. However, selling calls can also suggest a belief that the stock won't rise significantly in the near term. Investors might view this as a positive endorsement of KO's stability and potential for steady income through option premiums.
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