2347 May 45 calls already traded (84% at the ask) vs. open interest of only 634, or 4x open interest. Premiums are up 70 cents. Overall today, call to put ratio is only 35:1, with over 4,000 calls traded vs. 113 puts. The market is pricing in a 10% rise in share price by May 21. Pete likes this one.
Rumored price is $60 from KO, which would put it slightly below it's all-time high in Oct 2007 of $68. It makes sense from a strategic point for KO to boost it's sales, as PEP continues to encroach KO. I'll buy that.