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 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $104,170 and 8, calls, for a total amount of $553,401.
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 $150.0 to $210.0 for PepsiCo 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 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 activity within a strike price range from $150.0 to $210.0 in 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 | TRADE | BULLISH | 01/19/24 | $180.00 | $129.5K | 1.9K | 100 |
| PEP | CALL | TRADE | BULLISH | 01/19/24 | $200.00 | $110.4K | 7.4K | 748 |
| PEP | CALL | SWEEP | BULLISH | 01/19/24 | $200.00 | $85.9K | 7.4K | 342 |
| PEP | CALL | SWEEP | BEARISH | 06/21/24 | $210.00 | $83.7K | 381 | 395 |
| PEP | PUT | SWEEP | BULLISH | 01/19/24 | $185.00 | $38.1K | 2.7K | 276 |
Where Is PepsiCo Standing Right Now?
- With a volume of 2,524,165, the price of PEP is up 0.88% at $186.07.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 84 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 $198.
- Wedbush has decided to maintain their Outperform rating on PepsiCo, which currently sits at a price target of $206.
- Argus Research has decided to maintain their Buy rating on PepsiCo, which currently sits at a price target of $212.
- Deutsche Bank has decided to maintain their Hold rating on PepsiCo, which currently sits at a price target of $195.
- Morgan Stanley downgraded its action to Equal-Weight with a price target of $210
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
