A customer who was short 9,700 KO Feb 43 calls closed/rolled them out to the April 44 calls for .61.
Yesterday, the Coca-Cola Company, trading 43.58 with an IV3 of 16.16 and an HV10 of 15.76, saw a call roll.? The stock, with an ADV of 29,400 contracts and an OI of 750,000, saw a customer that was short 9,700 of the Feb 43 calls closed them and then rolled them out to April.? The customer bought 9,700 of the Feb 43 calls expiring today for .55, and then sold 9700 of the April 44 calls at .61.
This trade is likely a customer that was short the Feb 43 calls to create income against a long portfolio who does not want to get ?called away? on his or her KO stock.? The customer rather rolled the KO short calls up by 1 point and out by 2 months collecting .06.
This trade should be considered mildly bullish the stock and bearish KO volatility