PepsiCo Options Trading: A Deep Dive into Market Sentiment

Financial giants have made a conspicuous bullish move on PepsiCo. Our analysis of options history for PepsiCo PEP revealed 10 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $197,255, and 3 were calls, valued at $97,170.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $165.0 to $170.0 for PepsiCo over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PepsiCo'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 PepsiCo's whale trades within a strike price range from $165.0 to $170.0 in the last 30 days.

PepsiCo 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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 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.

Current Position of PepsiCo

• With a trading volume of 1,103,737, the price of PEP is up by 0.08%, reaching $169.53.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 42 days from now.

Expert Opinions on PepsiCo

1 market experts have recently issued ratings for this stock, with a consensus target price of $176.0.

• In a cautious move, an analyst from JP Morgan downgraded its rating to Neutral, setting a price target of $176.

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.