Our Hot Money monitor spotted a 200% increase in call options contracts purchased in Coca Cola Company (KO), betting shares will soar.
Over 45k calls have traded with most of the buying in the July 23rd expiration. This buying demand has increased implied volatility by two points.
Here's what I'm doing…
Buy-to-open the KO July 30, 2021, $54.50/$56.50 call spread
At last glance, this is trading at $0.58 per spread.
Let’s manage our risk before entry and I’ll keep you updated every step of the way.