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PepsiCo call volume above normal and directionally bullish

PepsiCo call volume above normal and directionally bullish

Bullish option flow detected in PepsiCo (PEP) with 21,888 calls trading, 1.6x expected, and implied vol increasing over 1 point to 21.69%. 3/28 weekly 152.5 calls and 3/28 weekly 148 puts are the most active options, with total volume in those strikes near 15,600 contracts. The Put/Call Ratio is 0.31. Earnings are expected on April 24th.

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