This Is What Whales Are Betting On Procter & Gamble

Investors with a lot of money to spend have taken a bullish stance on Procter & Gamble PG.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PG, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Procter & Gamble.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $86,779, and 8 are calls, for a total amount of $269,047.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $165.0 for Procter & Gamble during the past quarter.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Procter & Gamble options trades today is 2664.11 with a total volume of 3,811.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Procter & Gamble's big money trades within a strike price range of $90.0 to $165.0 over the last 30 days.

Procter & Gamble Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Procter & Gamble

Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, generating more than $80 billion in annual sales. It operates with a lineup of leading brands, including more than 20 that generate north of $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar 2012. Sales outside its home turf represent just more than half of the firm's consolidated total.

After a thorough review of the options trading surrounding Procter & Gamble, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Procter & Gamble

• Currently trading with a volume of 3,029,307, the PG's price is down by -0.47%, now at $156.68.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 67 days.

What The Experts Say On Procter & Gamble

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $163.2.

• Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Procter & Gamble, targeting a price of $175.
• An analyst from Barclays has decided to maintain their Overweight rating on Procter & Gamble, which currently sits at a price target of $165.
• Consistent in their evaluation, an analyst from RBC Capital keeps a Sector Perform rating on Procter & Gamble with a target price of $157.
• Maintaining their stance, an analyst from Stifel continues to hold a Hold rating for Procter & Gamble, targeting a price of $157.
• Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Procter & Gamble with a target price of $162.

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 Procter & Gamble with Benzinga Pro for real-time alerts.