A whale with a lot of money to spend has taken a noticeably bearish stance on Procter & Gamble.
Looking at options history for Procter & Gamble PG we detected 27 strange trades.
If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 51% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $811,975 and 15, calls, for a total amount of $2,419,675.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $165.0 for Procter & Gamble over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Procter & Gamble's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Procter & Gamble's whale activity within a strike price range from $115.0 to $165.0 in the last 30 days.
Procter & Gamble Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PG | CALL | TRADE | BEARISH | 06/21/24 | $155.00 | $1.5M | 1.3K | 1.4K |
| PG | PUT | SWEEP | BEARISH | 01/17/25 | $165.00 | $271.7K | 62 | 200 |
| PG | CALL | SWEEP | BULLISH | 08/04/23 | $130.00 | $163.7K | 0 | 61 |
| PG | CALL | SWEEP | BULLISH | 06/21/24 | $155.00 | $141.4K | 1.3K | 42 |
| PG | PUT | TRADE | NEUTRAL | 10/20/23 | $155.00 | $88.4K | 1.5K | 390 |
Where Is Procter & Gamble Standing Right Now?
- With a volume of 2,606,786, the price of PG is up 0.69% at $157.34.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 77 days.
What The Experts Say On Procter & Gamble:
- Citigroup downgraded its action to Buy with a price target of $177
- B of A Securities has decided to maintain their Buy rating on Procter & Gamble, which currently sits at a price target of $175.
- Morgan Stanley downgraded its action to Overweight with a price target of $174
- Wells Fargo has decided to maintain their Overweight rating on Procter & Gamble, which currently sits at a price target of $170.
- Morgan Stanley downgraded its action to Overweight with a price target of $174
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 Procter & Gamble, 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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