Moderately bullish activity in PepsiCo (PEP), with shares up 32c, or 0.23%, near $144.22. Options volume relatively light with 14k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 1.06. Implied volatility (IV30) is higher by 0.3 points near 18.99,and below the 52wk median, suggesting an expected daily move of $1.73. Put-call skew flattened, suggesting a modestly bullish tone.
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