Published on Oct 26, 2022 at 11:14 AM
  • Buzz Stocks
Today, options bulls are chiming in at double the intraday average volume, with 9,755 calls exchanged, in comparison to 3,250 puts. The November 40 call is the most active contract, followed by the weekly 10/28 38-strike call. 

 

Published on Oct 25, 2022 at 11:00 AM
  • Buzz Stocks

So far, 59,000 calls have crossed the tape -- five times the intraday average -- in comparison to 11,000 puts. The weekly 10/28 60-strike call is the most popular by far, with new positions being opened there. 

 

Published on Oct 20, 2022 at 2:52 PM
  • Buzz Stocks
Options traders are targeting the security at five times the intraday average volume. So far, 182,000 calls and 223,000 puts have been exchanged. The October 18 put is the most popular, followed by the March 17 put, with new positions being opened at both. 
Published on Oct 18, 2022 at 3:14 PM
  • Buzz Stocks
So far, 8,145 calls and 1,165 puts have crossed the tape -- 17 times the volume typically seen at this point. The January 2023 15-strike call is the most popular, followed by the October 15 call, with new positions being opened at both. 
Published on Oct 12, 2022 at 11:07 AM
Updated on Oct 12, 2022 at 11:48 AM
  • Buzz Stocks

PepsiCo Inc (NASDAQ:PEP) is one of the first companies to kick off the new earnings season, announcing its third-quarter report before the bell this morning. The beverage giant posted earnings of $1.97 per share on revenue of $21.97 billion, both higher than the $1.84 per share and $20.84 billion analysts anticipated. PepsiCo also lifted annual revenue and profit expectations on strong demand for soda and snacks, despite price increases. 

At last glance, PepsiCo stock was up 4.6% to trade at $170.10, with rival Coca-Cola (KO) getting a boost from the report as well. Though PEP had been moving lower since its Aug. 17 record high of $181.07, it still sports a 7.5% year-over-year lead. Today's pop also has shares back above the 320-day moving average.

Unsurprisingly, options traders were quick to the draw this morning. So far, 22,000 calls and 17,000 puts have crossed the tape, which is seven times the intraday average. The October 170 call is the most active, with new positions currently being bought to open there. 

This denotes a shift in sentiment, per PepsiCo stock's 10-day put/call ratio of 1.00 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 92% of annual readings.

Analysts have yet to respond to the news, though the majority are already bullish. Of the 11 firms in coverage, eight carry a "strong buy" rating, and three a "hold." Plus, the 12-month consensus target price of $181.73 sits at a 7.5% premium to current levels. 

Published on Oct 12, 2022 at 10:54 AM
  • Buzz Stocks
 
Published on Oct 10, 2022 at 10:19 AM
  • Analyst Upgrades
  • Buzz Stocks
Options bulls are targeting the security today, with 2,360 calls crossed the tape, which is double the intraday average, as opposed to the 322 puts exchanged. The most popular contract is the 10/14 34-strike call, where new are positions being opened.  
Published on Oct 4, 2022 at 1:58 PM
Updated on Oct 5, 2022 at 9:18 AM
  • Buzz Stocks
Today, 1,576 calls have crossed the tape, which is 175 times the intraday average, alongside 1,466 puts -- six times what's typically seen at this point. The October 30 call is the most popular, with new positions being bought to open there. 
Published on Sep 13, 2022 at 12:27 PM
  • Buzz Stocks
So far, 42,000 puts have crossed the tape -- eight times the intraday average -- in comparison to just 2,092 calls. The November 13 and 8 puts are the most popular contracts, with new positions being opened at both. 
Published on Sep 9, 2022 at 10:13 AM
  • Analyst Downgrades
  • Intraday Option Activity
Options bears are chiming as well, with 2,500 puts exchanged so far, which is triple the intraday average, compared to 1,688 calls. Most popular by far is the September 6 put, followed by the 9/9 6.50-strike call. 
Published on Sep 8, 2022 at 10:06 AM
  • Analyst Upgrades
  • Intraday Option Activity
Drilling down to today's options activity, 5,258 calls have been exchanged so far, or double the volume that's typically seen at this point, compared to just 1.857 puts. Most popular is the weekly 9/9 140-strike call, followed by the 139-strike call in the same series, with new positions being opened at both.
Published on Aug 29, 2022 at 1:38 PM
  • Buzz Stocks
PDD options are flying off the shelves, with 133,000 calls and 83,000 puts exchanged so far -- 4.9 times the usual daily volume already. The weekly 9/2 70-strike call is the most active, followed by the weekly 9/2 65-strike put, with new positions opening at both. 

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