This beverage company is too cheap

Shares of Cola Cola (KO) trade around $56, and there aren't many other companies in the same league with regards to the steady dividend, earnings growth, and defensive nature of the company. The selling in this company has been overdone, and shares shoud rebound back to $60. This selloff has been part of the overall market pull back, yet strong companies with healthy balance sheets and earnings will recover faster than those without solid revenue predictability.

We bought the Jan 2023 $60 KO Calls for $1.25 and believe this is a low risk trade. With 3 months until expiration any recovery in the market should send shares higher.