Coca Cola (KO) at Support

١٠ مارس ٢٠٢٢

Coca Cola KO has pulled back to a 50% Retracement from the December low to the recent March high. I am fundamentally still bullish on Consumer Staples via Sector Rotation theory. Since Implied Volatility is high I will do a combination of bullish methods with divided risk to express this trade:

• Long Shares
  
• May 62.5 Calls
  
• May 55/52.5 Put Credit Spread (to offset IV)