Financial giants have made a conspicuous bearish move on PepsiCo. Our analysis of options history for PepsiCo PEP revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $106,358, and 7 were calls, valued at $250,000.
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 $145.0 to $230.0 for PepsiCo during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of PepsiCo stands at 363.0, with a total volume reaching 439.00. 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 $145.0 to $230.0, throughout the last 30 days.
PepsiCo Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PEP | CALL | TRADE | NEUTRAL | 06/21/24 | $145.00 | $45.4K | 35 | 15 |
| PEP | PUT | SWEEP | BEARISH | 03/15/24 | $165.00 | $44.4K | 573 | 205 |
| PEP | CALL | SWEEP | BULLISH | 02/02/24 | $170.00 | $44.2K | 86 | 103 |
| PEP | CALL | SWEEP | BEARISH | 01/16/26 | $145.00 | $35.5K | 59 | 25 |
| PEP | CALL | TRADE | BEARISH | 01/16/26 | $145.00 | $35.1K | 59 | 10 |
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.
Following our analysis of the options activities associated with PepsiCo, we pivot to a closer look at the company's own performance.
PepsiCo's Current Market Status
- Currently trading with a volume of 1,933,648, the PEP's price is down by -0.17%, now at $169.55.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 38 days.
What Analysts Are Saying About PepsiCo
In the last month, 1 experts released ratings on this stock with an average target price of $176.0.
- Reflecting concerns, an analyst from JP Morgan lowers its rating to Neutral with a new price target of $176.
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 PepsiCo with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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