Investors with a lot of money to spend have taken a bearish stance on Procter & Gamble PG.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Procter & Gamble.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $39,950, and 8, calls, for a total amount of $368,660.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $185.0 for Procter & Gamble, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Procter & Gamble's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Procter & Gamble's whale activity within a strike price range from $110.0 to $185.0 in the last 30 days.
Procter & Gamble Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PG | CALL | TRADE | BEARISH | 03/15/24 | $160.00 | $72.8K | 11.5K | 715 |
| PG | CALL | SWEEP | BULLISH | 06/21/24 | $145.00 | $57.5K | 2.7K | 62 |
| PG | CALL | TRADE | BULLISH | 06/21/24 | $145.00 | $55.3K | 2.7K | 30 |
| PG | CALL | SWEEP | BEARISH | 04/19/24 | $110.00 | $41.4K | 24 | 8 |
| PG | PUT | SWEEP | BEARISH | 04/19/24 | $185.00 | $39.9K | 0 | 101 |
About Procter & Gamble
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, generating more than $80 billion in annual sales. It operates with a lineup of leading brands, including more than 20 that generate north of $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar 2012. Sales outside its home turf represent just more than half of the firm's consolidated total.
Present Market Standing of Procter & Gamble
- With a volume of 1,626,458, the price of PG is down 0.0% at $162.3.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 36 days.
What Analysts Are Saying About Procter & Gamble
In the last month, 2 experts released ratings on this stock with an average target price of $171.5.
- Showing optimism, an analyst from Truist Securities upgrades its rating to Buy with a revised price target of $175.
- An analyst from Goldman Sachs has revised its rating downward to Neutral, adjusting the price target to $168.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Procter & Gamble with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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