A ticker symbol represents a group of letters associated to every traded stock in the stock market listings. When a company goes public, it chooses an available ticker symbol that is then used by investors when they engage in trade with these securities. The NYSE uses up to four-character symbols. Some examples: for the 3M Company the ticker symbol is MMM, for International Business Machines the ticker symbol is IBM, for Dell Computer it is Dell, for Advanced Micro Devices it is AMD, for American Standard Company it is ASD while for Bed, Bath & Beyond it is BBBY.
The Coca-Cola Company has as ticker symbol KO. Its stocks are traded on the NYSE market. The price of the stock for some dates in February is displayed in the following table:
* Close price adjusted for dividends and splits.
Source: Yahoo Finance, http://finance.yahoo.com/q/hp?s=KO+Historical+Prices
Press Release:
Quench Your Thirst for Profits with These Stocks: KO, PEP, CCE, and DPS
NEW YORK, NY / ACCESSWIRE / February 23, 2016 / Four great trades in the Consumer Goods space are there for the taking ahead of today's highly anticipated trading session. Join Us Today and see how our research team is guiding members to gains of over 55% trading these household names. Visit us at valuableinvestment.com for the full scoop on these stocks by registering for our free daily alerts at:
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Let us take a closer look at some of today's top picks: The Coca-Cola Company (KO), Pepsico Inc. (PEP), Coca-Cola Enterprises Inc. (CCE), and Dr Pepper Snapple Group Inc. (DPS).
At the close of Monday's trading session, The Coca-Cola Company's stock finished 0.39% higher at $43.94. A total of 20.71 million shares were traded, which was above its three months average volume of 14.80 million shares. The stock has surged 6.16% in the last month, 4.72% over the previous three months, and 2.28% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 3.03% and 7.45%, respectively. Moreover, Coca-Cola's stock traded at a PE ratio of 26.31 and has a Relative Strength Index (RSI) of 64.06. Do not lose out on any KO's trade by activating your free access to the trade alerts now at:
http://valuableinvestment.com/KO
Shares in Pepsico Inc. ended yesterday's session 0.29% higher at $99.87 with a total of 4.11 million shares traded. The stock has advanced 5.72% in the last month and 0.30% over the previous three months. The Company's stock is trading 1.69% above its 50-day moving average and 3.82% above its 200-day moving average. Moreover, shares of Pepsico have an RSI of 60.08. Sign up for your trade alert on PEP at:
http://valuableinvestment.com/PEP
Coca-Cola Enterprises Inc.'s stock edged 0.92% higher, to close Monday's session at $49.28 with a total of 1.26 million shares traded. The stock has gained 9.34% in the last one month and 0.28% since the start of this year. The Company's shares are trading 3.25% and 3.29% above their 50-day and 200-day moving averages, respectively. Additionally, Coca-Cola Enterprises' shares traded at a PE ratio of 19.36 and have an RSI of 65.61. Register for free on ValuableInvestment.com and activate your trade alert on CCE at:
http://valuableinvestment.com/CCE
On Monday, Dr. Pepper Snapple Group Inc. closed the session 0.87% higher at $91.33 with a total of 1.37 million shares traded. The stock has gained 1.51% in the last month and 3.43% over the previous three months. The Company's stock is trading above its 200-day moving average by 10.48%. Furthermore, shares of Dr Pepper Snapple have an RSI of 50.85. Trade alert on DPS is available for free at:
http://valuableinvestment.com/DPS
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The major holders in the company as well as the top institutional holders and top mutual funds can be broke down into the following:
A call option for The Coca-Cola Company can be seen below:
KO Mar 2016 44.000 call (KO160304C00044000)-OPR
0.07 0.36(83.72%) Feb 26
Quotes delayed, except where indicated otherwise. Currency in USD.
A put option for The Coca-Cola Company can be seen below:
KO Mar 2016 44.000 put (KO160304P00044000) -OPR
0.73 0.41(128.13%) Feb 26
Quotes delayed, except where indicated otherwise. Currency in USD.
The Black-Scholes Option Pricing Model
Fischer Black and Myron Scholes provided in their paper a theoretical valuatioofor the price of options. The setup of the paper rests on various assumptions (short-term interest known and constant, the stock price follows a random walk with a variable rate proportional to the square of the stock price, the stock pays no dividends, null transaction costs for both the stock and the option, etc.). Assuming the above, the authors show it is possible to create a hedged position from a long (buy) position in the stock and a short (sell) position in the option, whose value does not depend on the expected return of the stock.
The formula they derived is the following:
wx,t=xNd1- cert-t*N(d2)
d1=lnxc+ (r+12v2)(t*-t)vt*-t
d2=lnxc+ (r-12v2)(t*-t)vt*-t
Where wx,t is the value of the option, as a function of time t and stock price x, Nd is the normal cumulative distribution function, c is the strike price of the option (price paid for the asset when the option is exercised), r is the interest rate, t* is the maturity date and t is the current date, v is the expected return of the stock.
The option value as a function of the stock price and time does not depend on the expected return on the stock. However, the return on the option (d1, d2) does depend on the expected return of the stock (v). The authors also show that the option is more volatile than the stock.
References
Black, F., & Scholes, M. (1973). The Pricing of Options and Corporate Liabilities. The Journal of Political Economy, Vol. 81 , 637-654.
New York Stock Exchange. Get Started. Retrieved February 28, 2016, from New York Stock Exchange: https://www.nyse.com/get-started
Yahoo Finance. The Coca-Cola Company Major Holders. Retrieved February 28, 2016, from http://finance.yahoo.com/q/mh?s=KO+Major+Holders
Yahoo Finance. The Coca-Cola Company: Options. Retrieved February 28, 2016, from http://finance.yahoo.com/q?s=KO160304C00043000
Yahoo Finance. The Coca-Cola Company: Press Realeases. Retrieved February 28, 2016, from http://finance.yahoo.com/news/quench-thirst-profits-stocks-ko-133000525.html
