Unusual Options Activity In Coca-Cola – Part II

Yesterday, after Coca Cola announced earnings for the holiday quarter, the stock price fell more than 8%, the worst drop in a day since 2008. 

Coca Cola missed on revenue and the forecast for the year was disappointing.  Sales of sparkling soft drinks fell 1%, partly due to softness in North America and sales of juice and plant-based drinks dropped 2% as Coke focused less on low-value juice brands in Africa and Southeast Asia.

Two months ago, I talked about unusual options activity betting against Coca-Cola. What made this an intriguing bet against Coca-Cola was the Smart Money thinks that Coca-Cola

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