Put Options on KO on 3/30/2020

The Coca-Cola Company (KO), a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide.

The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, Fanta, Fresca, Schweppes, Sprite, Thums Up, Aquarius, Ciel, Dasani, glacéau smartwater, glacéau vitaminwater, Ice Dew, I LOHAS, Powerade, Topo Chico, AdeS, Del Valle, fairlife, innocent, Minute Maid, Minute Maid Pulpy, Simply, ZICO, Ayataka, Costa, dogadan, FUZE TEA, Georgia, Gold Peak, HONEST TEA, and Kochakaden brands.

It operates through a network of company-owned or controlled bottling and distribution operators, as well as through independent bottling partners, distributors, wholesalers, and retailers. The company was founded in 1886 and is headquartered in Atlanta, Georgia.

The multi-national conglomerate is suffering from a decline in demand and because of the strong US dollar, its overseas earnings will be lower once converted to dollars.

Last traded at: $42.81

52-week trading range: $36.27 to $60.13

Trade Buy 1 April $42.50 Put at $2.25 For a net debit of $2.25 Profit/Loss Analysis Breakeven at $40.25 Maximum profit is unbounded Maximum loss is ($225.00) at strike of $43.00 Closing Summary Sold 1 April $42.50 Put at $0.00

Position closed on 4/17/2020 at price of $0.00 with a -100.00% loss in 18 days.

Back to Portfolio