Whales with a lot of money to spend have taken a noticeably bearish stance on PepsiCo.
Looking at options history for PepsiCo PEP we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $140,517 and 5, calls, for a total amount of $247,215.
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 $170.0 and $200.0 for PepsiCo, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for PepsiCo options trades today is 787.29 with a total volume of 1,201.00.
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 $170.0 to $200.0 over the last 30 days.
PepsiCo Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PEP | CALL | SWEEP | BEARISH | 10/18/24 | $5.0 | $4.9 | $4.9 | $185.00 | $63.2K | 493 | 132 |
| PEP | CALL | TRADE | BEARISH | 06/20/25 | $4.85 | $4.8 | $4.8 | $200.00 | $57.6K | 1 | 0 |
| PEP | PUT | TRADE | BEARISH | 06/20/25 | $10.45 | $10.45 | $10.45 | $175.00 | $52.2K | 49 | 50 |
| PEP | CALL | SWEEP | BULLISH | 05/17/24 | $4.65 | $4.55 | $4.6 | $175.00 | $47.8K | 2.0K | 57 |
| PEP | CALL | TRADE | BULLISH | 01/17/25 | $14.6 | $13.4 | $14.6 | $170.00 | $43.8K | 2.0K | 0 |
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 drink 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.
Having examined the options trading patterns of PepsiCo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
PepsiCo's Current Market Status
- With a volume of 2,044,800, the price of PEP is up 0.54% at $174.51.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 26 days.
What Analysts Are Saying About PepsiCo
In the last month, 1 experts released ratings on this stock with an average target price of $190.0.
- An analyst from Morgan Stanley upgraded its action to Overweight with a price target of $190.
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.
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