Coca Cola (KO) loses 17 cents to $66.53 and the KO Jan 65 – 70 call spread is sold at $2.31, 10000X. While open interest [OI] is sufficient to cover in both contracts, this might roll a position up in strikes. Jan 65 calls on Coke are now 2.4 percent in-the-money and have OI of 51,454 contracts, which is the largest position in the name. An investor might be closing out a position in those calls after KO gained 8 percent off March 16 lows.

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