Is Coke going flat? Might be a good time to sell...

KO

Analysis is based on simplified Smart Money Trading Concepts.

Coke has been printing Weekly bearish order flow since August of 2022.

Recent price action( past ~134 days) on the Weekly time frame has had a Bullish pullback with what I anticipate a continuation or return to Bearish order flow between the 70.5% - 89% fibo zones. This would be supply overtaking demand to continue the weekly Bearish Structure also known as order flow.

Trade Idea Point of Invalidation: Any break AND close above $64.99


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Reward to Risk ratios could vary between 3:1 up to greater than 5:1 depending on the instrument you are trading and the level that you enter in at.

The round trip time from entry to exit is between 6-11 months.


If you are Shorting the Underlying stock :

4 positions between the 70.5% pullback($61.03) and the 89% pullback($63.51) would be ideal.

Exits:

1st = $51.55
2nd = $47.92

**Split your positions between the 2 suggested exits**


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If you are trading stock options:

NO less than a 6 month expiration!

Suggestion:

16 Aug 2024 -- Buy $57.50 Puts (out of the money)

or

17 Jan 2025 -- Buy $57.50 Puts (out of the money)

Exits:

Underlying stock price
1st = $51.55
2nd = $47.92


If you need an options calculator, I suggest using: https://www.optionsprofitcalculator.com/calculator/short-put.html


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