Financial giants have made a conspicuous bullish move on Procter & Gamble. Our analysis of options history for Procter & Gamble PG revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $341,555, and 3 were calls, valued at $103,683.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $155.0 and $160.0 for Procter & Gamble, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Procter & Gamble stands at 2712.5, with a total volume reaching 2,102.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Procter & Gamble, situated within the strike price corridor from $155.0 to $160.0, throughout the last 30 days.
Procter & Gamble Option Activity Analysis: 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 | BEARISH | 03/01/24 | $160.00 | $167.5K | 7 | 1.0K |
| PG | PUT | SWEEP | BEARISH | 03/01/24 | $160.00 | $62.0K | 7 | 200 |
| PG | CALL | SWEEP | BULLISH | 01/17/25 | $160.00 | $42.0K | 2.4K | 57 |
| PG | CALL | SWEEP | BULLISH | 02/16/24 | $155.00 | $32.2K | 6.5K | 128 |
| PG | CALL | SWEEP | BULLISH | 01/17/25 | $160.00 | $29.4K | 2.4K | 92 |
About Procter & Gamble
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, generating more than $80 billion in annual sales. It operates with a lineup of leading brands, including more than 20 that generate north of $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar 2012. Sales outside its home turf represent just more than half of the firm's consolidated total.
After a thorough review of the options trading surrounding Procter & Gamble, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Procter & Gamble
- With a trading volume of 3,434,133, the price of PG is up by 0.22%, reaching $157.83.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 79 days from now.
What The Experts Say On Procter & Gamble
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $164.4.
- An analyst from Stifel has decided to maintain their Hold rating on Procter & Gamble, which currently sits at a price target of $157.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Procter & Gamble, targeting a price of $162.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Procter & Gamble, targeting a price of $178.
- An analyst from Barclays has decided to maintain their Overweight rating on Procter & Gamble, which currently sits at a price target of $160.
- An analyst from Barclays has decided to maintain their Overweight rating on Procter & Gamble, which currently sits at a price target of $165.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Procter & Gamble with Benzinga Pro for real-time alerts.
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