DTT Buzz
Exclusive Market Analysis, Alerts and Commentary from the DaytradeTeam trading staff
Tuesday, April 22, 2008
The Coca-Cola Company (NYSE:KO) Options Spread
Over the last 4 months The Coca-Cola Company (NYSE:KO) has been trading in a sideways channel. For the first three months it traded between 57.50 and 60, and now is trading between 60 and 62.50. This trading range allows for the options trader to capitalize on this sideways action by selling an iron condor call credit spread or buying an iron condor put debit spread. Based on the action over the last month I would suggest the 57.5, 60, 62.5, 65 legs.
Happy Trading
Keith Greff Jr
Trade Analyst
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