Whales with a lot of money to spend have taken a noticeably bullish 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 55% of the investors opened trades with bullish expectations and 22% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $147,499 and 6, calls, for a total amount of $320,378.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $185.0 for PepsiCo, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of PepsiCo stands at 614.0, with a total volume reaching 217.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PepsiCo, situated within the strike price corridor from $95.0 to $185.0, throughout the last 30 days.
PepsiCo 30-Day Option Volume & Interest Snapshot
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 | BULLISH | 03/21/25 | $7.15 | $6.8 | $7.15 | $175.00 | $111.5K | 686 | 126 |
| PEP | CALL | SWEEP | BEARISH | 01/17/25 | $5.75 | $5.7 | $5.7 | $175.00 | $65.5K | 2.7K | 8 |
| PEP | PUT | SWEEP | BULLISH | 03/21/25 | $8.45 | $8.35 | $8.3 | $165.00 | $54.8K | 258 | 7 |
| PEP | PUT | SWEEP | BULLISH | 12/20/24 | $7.1 | $6.95 | $6.95 | $165.00 | $47.2K | 339 | 11 |
| PEP | PUT | TRADE | BULLISH | 01/16/26 | $23.15 | $22.4 | $22.7 | $185.00 | $45.4K | 211 | 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 US and overseas. International markets make up 40% of total sales and one third of operating profits.
PepsiCo's Current Market Status
- Currently trading with a volume of 5,045,553, the PEP's price is up by 1.42%, now at $166.14.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 24 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 $180.0.
- An analyst from Barclays persists with their Overweight rating on PepsiCo, maintaining a target price of $180.
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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