Originally posted by peanuts
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That is one way to play it. Another way would be to watch it run upwards towards the earnings report on Feb 11, and sell the spike (if you are bearish). The straddle, as you proposed, also might best be executed on Feb 11 IF KO doesn't break the $40 support before then. KO is getting the bounce today.
Another play: BUY HK and let it run to $30.




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