PepsiCo Options Trading: A Deep Dive into Market Sentiment

PepsiCo, Inc. +0.33% Pre

PepsiCo, Inc.

PEP

167.50

167.50

+0.33%

0.00% Pre

Financial giants have made a conspicuous bullish move on PepsiCo. Our analysis of options history for PepsiCo (NASDAQ:PEP) revealed 10 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $197,255, and 3 were calls, valued at $97,170.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $165.0 to $170.0 for PepsiCo over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $165.0 to $170.0 in the last 30 days.

PepsiCo 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PEP CALL TRADE BULLISH 06/21/24 $170.00 $36.9K 895 44
PEP PUT TRADE BEARISH 06/21/24 $170.00 $33.5K 910 76
PEP CALL TRADE BEARISH 06/21/24 $165.00 $31.9K 1.3K 114
PEP PUT TRADE BEARISH 06/21/24 $170.00 $30.6K 910 179
PEP PUT TRADE BEARISH 01/17/25 $165.00 $29.9K 447 34

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.

Current Position of PepsiCo

  • With a trading volume of 1,103,737, the price of PEP is up by 0.08%, reaching $169.53.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 42 days from now.

Expert Opinions on PepsiCo

1 market experts have recently issued ratings for this stock, with a consensus target price of $176.0.

  • In a cautious move, an analyst from JP Morgan downgraded its rating to Neutral, setting a price target of $176.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PepsiCo options trades with real-time alerts from Benzinga Pro.

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