Behind the Scenes of Procter & Gamble's Latest Options Trends

Deep-pocketed investors have adopted a bearish approach towards Procter & Gamble PG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PG usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Procter & Gamble. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 2 are puts, totaling $568,800, and 7 are calls, amounting to $336,414.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $155.0 to $175.0 for Procter & Gamble over the last 3 months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Procter & Gamble's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Procter & Gamble's substantial trades, within a strike price spectrum from $155.0 to $175.0 over the preceding 30 days.

Procter & Gamble 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

After a thorough review of the options trading surrounding Procter & Gamble, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Procter & Gamble Standing Right Now?

• With a trading volume of 4,641,238, the price of PG is up by 0.1%, reaching $161.99.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 30 days from now.

Expert Opinions on Procter & Gamble

2 market experts have recently issued ratings for this stock, with a consensus target price of $171.5.

• An analyst from Truist Securities upgraded its action to Buy with a price target of $175.
• In a cautious move, an analyst from Goldman Sachs downgraded its rating to Neutral, setting a price target of $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.