Bearish options flow identified in PepsiCo (PEP), with shares down 8c near $128.99. Options volume more than double the daily average with 109k contracts traded and puts leading calls for a put/call ratio of 2.02, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 0.3 points near 26.88, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.18. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEP:
- Unusually active option classes on open June 23rd
- Mixed options sentiment in PepsiCo with shareslittle changed
- PepsiCo call volume above normal and directionally bullish
- PEP, KHC, CAG Could Be Set to Sack Thousands of Workers, Warns Analyst
- Celsius Holdings price target raised to $50 from $45 at Truist