Financial giants have made a conspicuous bullish move on PepsiCo. Our analysis of options history for PepsiCo PEP revealed 11 unusual trades.
Delving into the details, we found 63% of traders were bullish, while 18% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $149,000, and 7 were calls, valued at $297,688.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $160.0 and $210.0 for PepsiCo, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PepsiCo's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PepsiCo's significant trades, within a strike price range of $160.0 to $210.0, over the past month.
PepsiCo Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PEP | CALL | TRADE | BULLISH | 01/16/26 | $20.75 | $18.7 | $20.05 | $160.00 | $88.2K | 250 | 3 |
| PEP | PUT | TRADE | NEUTRAL | 01/16/26 | $28.45 | $25.0 | $26.55 | $190.00 | $53.1K | 46 | 20 |
| PEP | CALL | TRADE | BEARISH | 06/14/24 | $2.72 | $2.63 | $2.63 | $162.50 | $51.8K | 165 | 1.2K |
| PEP | CALL | SWEEP | BULLISH | 01/16/26 | $17.3 | $16.5 | $17.25 | $165.00 | $48.3K | 254 | 28 |
| PEP | PUT | TRADE | BULLISH | 06/21/24 | $8.7 | $8.05 | $8.12 | $172.50 | $32.4K | 411 | 48 |
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 US 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
Where Is PepsiCo Standing Right Now?
- With a trading volume of 3,404,691, the price of PEP is down by -0.68%, reaching $164.78.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 30 days from now.
What Analysts Are Saying About PepsiCo
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $211.0.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on PepsiCo with a target price of $211.
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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