A whale with a lot of money to spend has taken a noticeably bearish stance on PepsiCo.
Looking at options history for PepsiCo PEP we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $100,675 and 7, calls, for a total amount of $333,425.
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 $190.0 to $210.0 for PepsiCo over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for PepsiCo options trades today is 2667.5 with a total volume of 2,793.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for PepsiCo's big money trades within a strike price range of $190.0 to $210.0 over the last 30 days.
PepsiCo 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 |
|---|---|---|---|---|---|---|---|---|
| PEP | CALL | SWEEP | BULLISH | 07/21/23 | $190.00 | $52.7K | 3.8K | 543 |
| PEP | CALL | TRADE | BULLISH | 07/21/23 | $190.00 | $52.4K | 3.8K | 703 |
| PEP | CALL | TRADE | BEARISH | 07/21/23 | $190.00 | $52.0K | 3.8K | 303 |
| PEP | CALL | SWEEP | BEARISH | 07/21/23 | $190.00 | $52.0K | 3.8K | 223 |
| PEP | PUT | TRADE | BEARISH | 07/21/23 | $210.00 | $47.1K | 198 | 26 |
Where Is PepsiCo Standing Right Now?
- With a volume of 711,757, the price of PEP is down -0.77% at $191.94.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 55 days.
What The Experts Say On PepsiCo:
- Barclays has decided to maintain their Overweight rating on PepsiCo, which currently sits at a price target of $206.
- RBC Capital has decided to maintain their Sector Perform rating on PepsiCo, which currently sits at a price target of $178.
- Morgan Stanley has decided to maintain their Overweight rating on PepsiCo, which currently sits at a price target of $210.
- Wedbush downgraded its action to Outperform with a price target of $190
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 PepsiCo, 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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