Bearish flow noted in PepsiCo (PEP) with 14,500 puts trading, or 3x expected. Most active are Jul-25 120 puts and Sep-25 140 calls, with total volume in those strikes near 15,300 contracts. The Put/Call Ratio is 3.75, while ATM IV is up over 1 point on the day. Earnings are expected on July 17th.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEP:
- The Hershey Company Stock (HSY) Slips on New CEO Choice
- Buyers Beware of PepsiCo Stock (PEP) Ahead of Next Week’s Q2 Earnings Call
- Hershey stock weakness not surprising, says Morgan Stanley
- Hershey CEO appointment ‘logical next chapter’ in expansion, says Stephens
- Hershey appoints Kirk Tanner as CEO