Historically, we’ve done quite well with Coke…
Using nothing more than Bollinger Bands, RSI, MACD, W%R, MFI and candlesticks, we’re able to predict pivots off oversold and overbought conditions up to 85% of the time. Nowadays, as Coke over-extends to $42 a share, our technical pivot points are indicating near-term reversal.
We’d like to see a drop to at least $40, near-term.
There are two ways to trade this set up in Coke.
One, buy to open the KO November 2015 42 put up to $1.00.
And, or two buy to open the KO December 2015 42 put up to $1.45.
Stay tuned for new ideas shortly.
Ian L. Cooper
Rapid Retirement System