PepsiCo Unusual Options Activity

High-rolling investors have positioned themselves bearish on PepsiCo PEP, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PEP often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for PepsiCo. This is not a typical pattern.

The sentiment among these major traders is split, with 12% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $31,200, and 7 calls, totaling $321,055.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $180.0 for PepsiCo over the last 3 months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PepsiCo's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PepsiCo's significant trades, within a strike price range of $80.0 to $180.0, over the past month.

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 NEUTRAL 01/17/25 $89.85 $86.3 $88.15 $85.00 $88.1K 41 10
PEP CALL SWEEP NEUTRAL 06/14/24 $1.81 $1.65 $1.73 $172.50 $52.0K 671 307
PEP CALL TRADE BEARISH 06/21/24 $94.95 $92.05 $93.15 $80.00 $46.5K 3 5
PEP CALL TRADE BULLISH 01/17/25 $6.5 $6.3 $6.5 $180.00 $39.0K 2.9K 110
PEP CALL TRADE BEARISH 01/17/25 $6.8 $6.6 $6.65 $180.00 $33.2K 2.9K 268

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 US and overseas. International markets make up 40% of total sales and one third of operating profits.

Having examined the options trading patterns of PepsiCo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of PepsiCo

  • Currently trading with a volume of 2,376,776, the PEP's price is down by -0.2%, now at $173.15.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 35 days.

Professional Analyst Ratings for PepsiCo

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $211.0.

  • An analyst from Jefferies has decided to maintain their Buy rating on PepsiCo, which currently sits at a price target of $211.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for PepsiCo, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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