Financial giants have made a conspicuous bullish move on PepsiCo. Our analysis of options history for PepsiCo PEP revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $197,255, and 3 were calls, valued at $97,170.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $165.0 to $170.0 for PepsiCo over the recent three months.
Volume & Open Interest Trends
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 $165.0 to $170.0 in the last 30 days.
PepsiCo 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PEP | CALL | TRADE | BULLISH | 06/21/24 | $170.00 | $36.9K | 895 | 44 |
| PEP | PUT | TRADE | BEARISH | 06/21/24 | $170.00 | $33.5K | 910 | 76 |
| PEP | CALL | TRADE | BEARISH | 06/21/24 | $165.00 | $31.9K | 1.3K | 114 |
| PEP | PUT | TRADE | BEARISH | 06/21/24 | $170.00 | $30.6K | 910 | 179 |
| PEP | PUT | TRADE | BEARISH | 01/17/25 | $165.00 | $29.9K | 447 | 34 |
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 trading volume of 1,103,737, the price of PEP is up by 0.08%, reaching $169.53.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 42 days from now.
Expert Opinions on PepsiCo
1 market experts have recently issued ratings for this stock, with a consensus target price of $176.0.
- In a cautious move, an analyst from JP Morgan downgraded its rating to Neutral, setting a price target of $176.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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