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News   Press Releases

Dan Nathan Sees Unusual Options Activity In Coca-Cola

KO | December 12, 2018

On CNBC's "Options Action", Dan Nathan said that put options volume in The Coca-Cola Co (NYSE: KO) was five times the average daily volume on Tuesday.

The largest trade of the day, in Coca-Cola, was a purchase of 35,000 contracts of the January 2020, 40-strike puts. The trader paid $1 for them, which sets the breakeven for the trade at $39 or 21.28 percent lower.

© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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