Downtrend has been broken. I expect KO to rise (exp Jul17) to 50 and maybe fill gap up to 51. Off Note: Economy is opening, meaning bars/restaurants/night clubs will soon start opening, in which CocaCola has big influence in its products aswell.
Note: please make your own research/analysis. This is not a trading signal.
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To be more specific, i'll be entering option contract 50, exp7/17 which has quite a big open interest of ~13,000 and good volume!
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So far doing good! Im aiming to 48 to trim contracts, leaving 1 or 2 to reach 49 and 50!
Trade closed: target reached
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Well. As you can see this was a good signal/analysis. I will be taking profits now, but i believe it will reach the target of 50 :) its only $1 dollar out to reach it Congrats to those who followed!