Financial giants have made a conspicuous bearish move on Procter & Gamble. Our analysis of options history for Procter & Gamble PG revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $486,322, and 2 were calls, valued at $76,343.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $160.0 to $195.0 for Procter & Gamble during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Procter & Gamble options trades today is 230.4 with a total volume of 1,138.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Procter & Gamble's big money trades within a strike price range of $160.0 to $195.0 over the last 30 days.
Procter & Gamble Option Volume And Open Interest Over 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 |
---|---|---|---|---|---|---|---|---|---|---|---|
PG | PUT | SWEEP | BEARISH | 01/16/26 | $10.7 | $10.5 | $10.7 | $170.00 | $256.8K | 289 | 256 |
PG | PUT | SWEEP | BULLISH | 01/16/26 | $13.25 | $13.0 | $13.0 | $175.00 | $78.0K | 319 | 83 |
PG | PUT | SWEEP | BULLISH | 01/16/26 | $13.2 | $13.0 | $13.0 | $175.00 | $52.0K | 319 | 128 |
PG | CALL | SWEEP | BEARISH | 04/17/25 | $8.65 | $8.55 | $8.55 | $170.00 | $43.5K | 280 | 51 |
PG | PUT | TRADE | BULLISH | 11/15/24 | $1.71 | $1.69 | $1.69 | $167.50 | $38.5K | 289 | 279 |
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. Sales outside its home turf represent more than half of the firm's consolidated total.
In light of the recent options history for Procter & Gamble, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Procter & Gamble
- With a trading volume of 3,232,922, the price of PG is down by -0.15%, reaching $169.33.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 89 days from now.
Expert Opinions on Procter & Gamble
5 market experts have recently issued ratings for this stock, with a consensus target price of $172.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * In a cautious move, an analyst from Barclays downgraded its rating to Equal-Weight, setting a price target of $163. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Procter & Gamble, which currently sits at a price target of $191. * An analyst from DA Davidson has decided to maintain their Neutral rating on Procter & Gamble, which currently sits at a price target of $160. * An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Procter & Gamble, which currently sits at a price target of $183. * An analyst from RBC Capital has revised its rating downward to Sector Perform, adjusting the price target to $164.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.