The Coca-Cola Company (KO) is a beverage company that manufactures, markets, and sells nonalcoholic beverages worldwide. They compete against Pepsi and SodaStream and have over 130,6000 full-time employees. The stock looks like it’s trying to break the Ichimoku Cloud to the downside indicating it could be entering a downtrend. With blocks of April 11th Weekly 38 puts hitting the tape today it looks like KO is setting up well for a short.
The Trade: Buying the KO Weekly 4.11.2014 38 Puts for $.23
Risk: $23 per 1 lot
Reward: $77 per 1 lot
Breakeven: $37.77
Targets: $.32, $.45 and $.60
Greeks of this Trade:
Delta: Short
Gamma: Long
Theta:: Short
Vega: Long