Looking At PepsiCo's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on PepsiCo (NASDAQ:PEP) has been observed through unusual options activity. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $135.0 to $190.0 for PepsiCo over the last 3 months. The current price of PEP is down -0.61% at $174.25. The next earnings are expected to be released in 36 days.
September 05, 2023 | 4:46 pm
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Unusual options activity indicates a significant bullish stance on PepsiCo. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. The current price of PEP is down -0.61% at $174.25.
The unusual options activity indicates that big-money traders are taking a significant bullish stance on PepsiCo. This could potentially drive the stock price up in the short term. However, the sentiment is split with a significant portion still bearish. The current price of PEP is down, which might be a buying opportunity for some investors. The upcoming earnings release could also impact the stock price.
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