Looking At Procter & Gamble's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Procter & Gamble.

Looking at options history for Procter & Gamble PG we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $241,084 and 4, calls, for a total amount of $152,565.

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 $142.0 to $170.0 for Procter & Gamble over the last 3 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 $142.0 to $170.0 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 PUT SWEEP BULLISH 02/17/23 $142.00 $65.8K 49 427
PG CALL TRADE BEARISH 07/21/23 $155.00 $55.6K 1.4K 251
PG PUT SWEEP BULLISH 01/19/24 $150.00 $52.0K 961 72
PG CALL TRADE BEARISH 06/16/23 $145.00 $36.5K 4.5K 69
PG PUT SWEEP BULLISH 01/19/24 $150.00 $36.3K 961 30

Where Is Procter & Gamble Standing Right Now?

  • With a volume of 2,508,933, the price of PG is down -0.13% at $142.2.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 77 days.

What The Experts Say On Procter & Gamble:

  • Wells Fargo has decided to maintain their Overweight rating on Procter & Gamble, which currently sits at a price target of $168.
  • Raymond James has decided to maintain their Outperform rating on Procter & Gamble, which currently sits at a price target of $170.
  • Wells Fargo has decided to maintain their Overweight rating on Procter & Gamble, which currently sits at a price target of $162.
  • Stifel has decided to maintain their Hold rating on Procter & Gamble, which currently sits at a price target of $147.
  • Barclays has decided to maintain their Overweight rating on Procter & Gamble, which currently sits at a price target of $158.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
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