If you haven`t bought KO ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of KO The Coca-Cola Company prior to the earnings report this week, I would consider purchasing the 55usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $1.14. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
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KO traded at $56.16 after earnings, and the Calls went up from $1.14 (when I wrote this article) to $1.53 at the close today (a lot higher intraday), for about 35% gain!