Market Whales and Their Recent Bets on PEP Options - PepsiCo (NASDAQ:PEP)

Deep-pocketed investors have adopted a bullish approach towards PepsiCo (NASDAQ:PEP), 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 PEP usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for PepsiCo. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 9 are puts, totaling $2,313,875, and 3 are calls, amounting to $119,539.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $180.0 for PepsiCo over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for PepsiCo options trades today is 2673.89 with a total volume of 4,608.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for PepsiCo's big money trades within a strike price range of $140.0 to $180.0 over the last 30 days.

PepsiCo Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
PEP	PUT	TRADE	BULLISH	11/17/23	$180.00	$1.0M	244	0
PEP	PUT	TRADE	NEUTRAL	11/17/23	$175.00	$696.5K	654	789
PEP	PUT	TRADE	BULLISH	01/19/24	$160.00	$175.6K	4.5K	768
PEP	PUT	TRADE	BULLISH	01/19/24	$160.00	$172.9K	4.5K	54
PEP	CALL	SWEEP	BULLISH	04/19/24	$140.00	$61.7K	268	5

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 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.

Current Position of PepsiCo

With a volume of 3,222,149, the price of PEP is down -0.01% at $167.38.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 91 days.

What The Experts Say On PepsiCo

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $183.2.

In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $180.
An analyst from JP Morgan has decided to maintain their Overweight rating on PepsiCo, which currently sits at a price target of $185.
Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on PepsiCo with a target price of $180.
An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on PepsiCo, which currently sits at a price target of $190.
An analyst from Barclays persists with their Overweight rating on PepsiCo, maintaining a target price of $181.

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.

PEPPepsiCo Inc

$137.170.04%

Overview

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