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Mixed options sentiment in Coca Cola (KO), with shares down $-1.29 (-1.84%) near $69.22.

Options volume is running well above average, with 26k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 1.13. Implied volatility (IV30) dropped 1.04 to 16.6,above the median, suggesting an expected daily move of $0.72. Put-call skew steepened, indicating increased demand for downside protection.

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