Ratio Call Spread Bought in PepsiCo

Shares of PepsiCo Inc. PEP are falling today by 1.47%, currently trading $62.94. The stock has been unable to break through the $66.50 level as of late and has sold off from there. It is now hovering near the 200-day moving average. One trader is betting that this level holds and that the stock will move higher…but not much higher. I am detecting a 1x2 call spread in the name, where the June $62.50 call was purchased 2,000 times for $1.63 and the June $65 call was sold 4,000 times for $0.62. Net the trade cost $0.39. This trade will make the most if the stock rises to the $65 and holds there.