PepsiCo Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for PepsiCo (NASDAQ:PEP), with a mix of bullish and bearish stances. The majority of the trades are calls, with a total amount of $553,401, while puts amount to $104,170. Whales have been targeting a price range from $150.0 to $210.0 for PepsiCo over the last 3 months. The price of PEP is up 0.88% at $186.07. Several financial institutions have maintained their ratings on PepsiCo, with price targets ranging from $195 to $212.
July 19, 2023 | 8:01 pm
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PepsiCo has seen unusual options activity, with a mix of bullish and bearish stances. The majority of the trades are calls, with a total amount of $553,401, while puts amount to $104,170. The price of PEP is up 0.88% at $186.07. Several financial institutions have maintained their ratings on PepsiCo, with price targets ranging from $195 to $212.
The unusual options activity indicates that there is significant interest in PepsiCo's stock, which could lead to increased volatility. The majority of the trades being calls suggests a generally bullish sentiment, which could drive the stock price up in the short term. The price targets set by financial institutions also suggest a potential upside for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100