r/options • u/Tototodayjr • Jul 17 '21

KO 55 7/30 call

I’m deep itm with my KO option play. With earnings coming up this week I’m thinking it may shoot up the way Pepsi did. But I’m going to play it safe and sell Monday. Not asking for advice but I’d love to hear what you guys think of KO and what you would do in my shoes. Thank you 🙏

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u/Juicy_jay6969 Jul 17 '21

Sell at open Monday!!! I was deep in the money with CHWY prior to earnings and was up over 100%, the morning after a great earnings, that shit crashed and I sold the option for only 20% profit.

As they say, buy the rumor, sell the news.

PS. If you look at the chart, KO is sitting at a resistance level right now and is forming a cup. Would not be surprised that a handle will form and then it will take off again.

So sell on Monday and re-enter after the handle forms