Financial giants have made a conspicuous bullish move on PepsiCo. Our analysis of options history for PepsiCo PEP revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $184,815, and 3 were calls, valued at $110,695.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $172.5 for PepsiCo, spanning the last 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 $135.0 to $172.5 in the last 30 days.
PepsiCo 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PEP | PUT | SWEEP | BULLISH | 01/19/24 | $165.00 | $47.5K | 5.8K | 507 |
| PEP | CALL | TRADE | BEARISH | 06/21/24 | $165.00 | $42.9K | 1.5K | 58 |
| PEP | PUT | TRADE | BULLISH | 01/12/24 | $162.50 | $42.0K | 176 | 3.2K |
| PEP | CALL | TRADE | NEUTRAL | 01/16/26 | $135.00 | $40.0K | 128 | 0 |
| PEP | PUT | TRADE | BULLISH | 03/15/24 | $165.00 | $37.2K | 868 | 16 |
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.
After a thorough review of the options trading surrounding PepsiCo, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of PepsiCo
- With a volume of 3,153,816, the price of PEP is down -0.74% at $167.86.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 31 days.
What The Experts Say On PepsiCo
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $176.0.
- An analyst from JP Morgan has revised its rating downward to Neutral, adjusting the price target to $176.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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