Coca-Cola Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual bearish options activity towards Coca-Cola (NYSE:KO), with 61% of the trades being bearish. This significant move suggests potential upcoming volatility. Analysts have mixed ratings, with price targets ranging from $68 to $73.
August 02, 2024 | 8:21 pm
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Unusual bearish options activity detected for Coca-Cola (NYSE:KO), with 61% of the trades being bearish. This could indicate potential upcoming volatility. Analysts have mixed ratings, with price targets ranging from $68 to $73.
The significant bearish options activity suggests that large investors are expecting a decline in Coca-Cola's stock price. This is further supported by the mixed analyst ratings and the current overbought RSI values.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100