Mixed options sentiment in PepsiCo (PEP), with shares down 0c near $130.84. Options volume roughly in line with average with 44k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 2.5 points near 25.15, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.07. Put-call skew flattened, suggesting a modestly bullish tone.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEP:
- 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
- PepsiCo’s North American Food Unit Faces Challenges: Hold Rating Due to Cost Structure and Growth Concerns
- Morgan Stanley believes Eastman likely to still move forward with Longview plant