Coca Cola (KO) at Support
Coca Cola 
KO has pulled back to a 50% Retracement from the December low to the recent March high. I am fundamentally still bullish on Consumer Staples via Sector Rotation theory. Since Implied Volatility is high I will do a combination of bullish methods with divided risk to express this trade:
KO has pulled back to a 50% Retracement from the December low to the recent March high. I am fundamentally still bullish on Consumer Staples via Sector Rotation theory. Since Implied Volatility is high I will do a combination of bullish methods with divided risk to express this trade:- Long Shares
- May 62.5 Calls
- May 55/52.5 Put Credit Spread (to offset IV)
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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