Procter & Gamble Unusual Options Activity For August 02
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Procter & Gamble (NYSE:PG), with a bearish stance taken by a 'whale' investor. Of the 27 strange trades detected, 48% were bullish and 51% were bearish. The total amount for puts was $811,975 and for calls was $2,419,675. Whales have been targeting a price range from $115.0 to $165.0 for Procter & Gamble over the last 3 months. The current price of PG is up 0.69% at $157.34. Citigroup, B of A Securities, Morgan Stanley, and Wells Fargo have all given price targets above the current price.
August 04, 2023 | 11:50 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Procter & Gamble has seen significant unusual options activity, with a bearish stance taken by a 'whale' investor. The current price of PG is up 0.69% at $157.34, with price targets given by Citigroup, B of A Securities, Morgan Stanley, and Wells Fargo all above the current price.
The unusual options activity, particularly the bearish stance taken by a 'whale' investor, could potentially lead to increased volatility in the stock price of Procter & Gamble. However, the price targets given by Citigroup, B of A Securities, Morgan Stanley, and Wells Fargo are all above the current price, indicating a potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100