Option Update: Coca-Cola volatility low into upgrade, shares rally 4%

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Coca-Cola (NYSE: KO) is recently up $2.21 to $58.06. Deutsche Bank upgraded KO to Buy from Hold. KO is scheduled to report Q2 EPS in mid-July.

KO call option volume of 32,850 contracts compares to put volume of 6,318 contracts. KO July option implied volatility of 20 is below its 26-week average of 22 according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

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Last updated: February 09, 2010: 05:10 PM

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