Traders Adding to Bullish Positions in The Coca-Cola Company (KO)

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The Coca-Cola Company (KO) markets over 500 beverages around the world. The company’s stock is currently trading around $42.00 in a 52 week range of $37.22-$45.00. KO shares have not moved much this year with stock lower on the year by only 0.57%. Despite the lack of movement in KO this year traders have been extremely bullish the name as we have seen many large blocks of calls being bought in KO. Earlier this morning a trader added to a large position in

KO implying they believe there will be more upside in KO.

Earlier this morning a trader bought 13,914 KO May 44 calls for $0.50. This is call volume 7 times the average call volume in KO. Over 25,000 contracts have now traded on that line and will add to the open interest of over 47,000 contracts. Although KO is trading below the cloud on the daily chart this bullish order flow is too large to ignore. Our traders bought these calls along with other bullish options positions in KO.

Trade: I bought the KO May 44 Calls for $0.53
Risk: $53 per 1 lot
Reward: Unlimited
Breakeven: $44.53

Regards,
Andrew Keene
President/Founder KeeneOnTheMarket.com

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