PepsiCo's Options Frenzy: What You Need to Know

Benzinga's options scanner just detected over 8 options trades for PepsiCo PEP summing a total amount of $457,544.

At the same time, our algo caught 4 for a total amount of 132,284.

What's The Price Target?

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 $185.0 for PepsiCo over the last 3 months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PepsiCo'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 PepsiCo's whale trades within a strike price range from $155.0 to $185.0 in the last 30 days.

PepsiCo 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PEP CALL TRADE BULLISH 05/24/24 $15.5 $14.4 $15.5 $155.00 $155.0K 150 50
PEP CALL TRADE BULLISH 05/17/24 $10.8 $8.4 $10.8 $160.00 $108.0K 676 253
PEP CALL TRADE BULLISH 05/24/24 $15.6 $14.45 $15.6 $155.00 $78.0K 150 50
PEP PUT SWEEP BEARISH 07/19/24 $4.45 $4.45 $4.45 $165.00 $50.7K 1.1K 116
PEP CALL SWEEP BULLISH 12/20/24 $3.5 $3.4 $3.49 $185.00 $34.9K 312 100

About PepsiCo

PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.

In light of the recent options history for PepsiCo, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is PepsiCo Standing Right Now?

  • Currently trading with a volume of 2,762,018, the PEP's price is down by -0.92%, now at $166.56.
  • RSI readings suggest the stock is currently may be approaching oversold.
  • Anticipated earnings release is in 8 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PepsiCo options trades with real-time alerts from Benzinga Pro.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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