KO Options Signal Bullish Bias: Key Strikes and Block Trades Point to $75 Target by Expiry

• KO trades at $70.46, down 0.08% intraday, but 30D MA support holds strong at $70.17
• Call open interest dominates (398,968 vs. 286,255 puts), with heavy concentration at $72.5 and $75 strikes
• Block trades reveal 1,542 contracts at KO20260320C75, hinting at institutional bullish positioning

Here’s what the data tells us: KO isn’t breaking out—but it’s definitely not breaking down. The options market is whispering a quiet bet on a $75 finish before March, and the technicals aren’t arguing. Let’s unpack why this $70.46 price tag might just be the calm before a $75 storm.

Bullish OI Clusters and Whale Moves: A Playbook for $75

Options traders aren’t just speculating—they’re stacking up. The KO20260116C75 call (expiring this Friday) has 20,030 open contracts, the highest of any strike. That’s not random. Combine that with the KO20260320C75 block trade (1,542 contracts at $75 strike) and you’ve got a roadmap. Big money is hedging a late-January pop, then locking in March upside.

But don’t ignore the puts. The $65 strike has 15,367 open puts—enough to signal a 10% downside contingency. The put/call ratio (0.717) isn’t screaming bearish, but it’s not ignoring risk. Think of it as a 70/30 split: 70% of options bets are bullish, 30% are hedging. That’s a recipe for a measured rally, not a free-for-all.

No News, Just Numbers: Why Options Are Leading the Charge

There’s no recent headlines to anchor this move. No product launches, no earnings surprises. That means the options action is pure technical speculation. Retail traders are seeing the 30D support at $70.17 hold and the RSI hovering near 51—a neutral zone, but not a danger zone. The Bollinger Bands tell the same story: KO is trading between $67.79 and $71.66, with no clear breakouts… yet.

But here’s the twist: when there’s no news, big money moves become more influential. That KO20260320C75 block trade? It’s like a whisper in a silent room. Without noise from fundamentals, options activity gets amplified. And right now, the whispers are bullish.

Trade Ideas: Calls for the Bold, Stock for the Patient

For options traders: The KO20260116C72.5 call (expiring Friday) is your short-term play. At $72.5 strike, it’s just 3% out of the money but sits under the $75 OI pile. If KO cracks $72.5 by Friday, the $75 calls could get a liquidity boost. For longer-term positioning, the KO20260123C74 (next Friday’s $74 strike) offers a cheaper entry if the stock consolidates.

For stock buyers: Look to enter near $70.17 (the 30D MA) with a stop just below $69.99 (the 30D support level). First target is the Bollinger Upper Band at $71.66, with a stretch goal of $75 if the March calls get aggressive. Use the $70.77 resistance level as a dynamic trailing stop.

Volatility on the Horizon: Positioning for a Breakout

KO isn’t screaming “buy the dip” or “sell the rip.” It’s in a textbook consolidation phase—waiting for a catalyst. The options market has already priced in that catalyst, though. With $75 calls loaded and block trades hinting at March positioning, the next 30 days could turn this $70.46 stock into a $75 story. The risks? A break below $69.73 (middle Bollinger Band) would invalidate the bullish case. But for now, the data says: bet on the breakout, not the breakdown.