There are 2 long term areas $48.70 and $44.43 ( ish ). Let's see how price reacts to these levels and see if there is any buying signals/rejections.
Price is sitting around the $48.70 mark now. If we start to bounce off this line I'll take a position. If price breaks below and heads towards $44.43 I''ll take a position.
In either scenario I will buy buying the under-laying asset. Leveraged. This MASSIVELY reduces my risk. The only way I can loose money on this trade is if KO goes out of business. Not impossible, but highly unlikely, I will be using 2% of my capital to buy in with the view to add more stock to my position over time.