PepsiCo Sees Bullish Options Trade

PepsiCo PEP, the world's second-largest soft drink maker, is seeing some bullish options trade today with the purchase of 2,000 June 62.50 calls matched against the sale of 4,000 of the June 65 calls. Volume exceeded open interest in both strikes. Earlier today, PepsiCo said it will invest $2.5 billion over the next three years to boost its presence in China.