Procter & Gamble Whale Trades For September 19

Procter & Gamble Whale Trades For September 19

Someone with a lot of money to spend has taken a bullish stance on Procter & Gamble PG.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PG, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Procter & Gamble.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $330,375, and 3 are calls, for a total amount of $111,827.

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 $130.0 to $155.0 for Procter & Gamble over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Procter & Gamble options trades today is 781.11 with a total volume of 670.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Procter & Gamble's big money trades within a strike price range of $130.0 to $155.0 over 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 PUT TRADE BULLISH 09/23/22 $145.00 $67.3K 122 0
PG PUT TRADE NEUTRAL 09/23/22 $144.00 $58.8K 112 100
PG PUT TRADE BULLISH 09/23/22 $144.00 $57.3K 112 201
PG CALL SWEEP BEARISH 12/16/22 $130.00 $48.1K 1 43
PG PUT SWEEP BEARISH 12/16/22 $155.00 $37.4K 0 0

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PG PUT TRADE BULLISH 09/23/22 $145.00 $67.3K 122 0
PG PUT TRADE NEUTRAL 09/23/22 $144.00 $58.8K 112 100
PG PUT TRADE BULLISH 09/23/22 $144.00 $57.3K 112 201
PG CALL SWEEP BEARISH 12/16/22 $130.00 $48.1K 1 43
PG PUT SWEEP BEARISH 12/16/22 $155.00 $37.4K 0 0

Where Is Procter & Gamble Standing Right Now?

  • With a volume of 1,586,882, the price of PG is down -0.22% at $137.97.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 29 days.

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 Procter & Gamble, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets