Is Coke Still The Pause That Refreshes?

  • January 8, 2001
  • Jon Najarian

Same story, different week. The
market seems unable to hold any upside gains as most investors are looking to
defend more than they are looking to invest. That’s no big surprise to any of
us after we managed to squander last week’s record Nasdaq performance in
record time. However, being an optimist, I see some pretty positive stuff going
on in specific names. Here is a short list:

    

Goldman Sachs
(
GS |
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Chart |
News |
PowerRating) upgraded Coca-Cola
(
KO |
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News |
PowerRating), Pepsi
(
PEP |
Quote |
Chart |
News |
PowerRating)
and Anheuser-Busch
(
BUD |
Quote |
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News |
PowerRating) earlier today. Goldman recommended investors
overweigh the beverage sector and we are seeing some positive cash-flow into the
options of both KO and PEP.

     

I saw 1,047 KO Jan 40 calls and another 9,220 KO Jan 45 calls trade this morning
on the AMEX. Those trades were responsible for the bulk of the $305k dollar
weighted call volume in KO.

    

Symbols with most bullish Call to Put ratios:

Indexes dominated the heaviest dollar-weighted
put volume today, as SPX, NDX and OEX reaped the benefit of
scared money looking to protect portfolio exposure.

    

Here is our list of heaviest dollar-weighted
put to call ratios: Â