PepsiCo's Secret Formula for Success

Whales Make Big Moves in PEP Options, Suggesting Bullish Sentiment

In recent days, a significant number of large traders, also known as "whales," have been making large purchases of call options in PepsiCo (PEP), a trend that could be indicative of growing bullish sentiment for the beverage giant.

According to data from Benzinga Pro, a significant number of large trades have been made in PEP call options with strike prices ranging from $150 to $170. This suggests that many traders are betting on a continued upward trend for the stock, which has already gained over 20% in the past year.

One of the most notable trades was a large purchase of 10,000 contracts of the $160 call option, which would require the underlying stock to rise by around 7% in order for the option to be in the money. This trade alone has a notional value of over $1.6 million.

Other large trades in PEP call options include a purchase of 5,000 contracts of the $155 call option and a sale of 5,000 contracts of the $145 put option. These trades suggest that many traders are expecting PEP's stock price to continue to rise, while also acknowledging some potential for volatility.

It's worth noting that while large trades can be a good indicator of market sentiment, they do not guarantee the future performance of a stock. It's always important for investors to do their own research and consider their own risk tolerance before making any investment decisions.

Overall, the recent large trades in PEP options suggest that many traders are feeling bullish about the company's prospects, and could be a sign of further gains to come for the stock.