Mixed options sentiment in PepsiCo with shares up 0.42%

Mixed options sentiment in PepsiCo (PEP), with shares up 54c, or 0.42%, near $128.56. Options volume roughly in line with average with 32k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.61. Implied volatility (IV30) dropped 0.03 near 27.54, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.23. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: PepsiCo (PEP) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.