The company noted it expects to see less of a tariff impact next year
Procter & Gamble Co (NYSE:PG) stock is up 0.8% to trade at $152.39 at last check, after the consumer goods concern reported better-than-expected fiscal first-quarter earnings and revenue. The company noted strong demand for its beauty products despite higher prices and economic uncertainty, and expects to see less of a tariff impact next year.
PG is on track for its sixth gain in the last seven sessions, as well as its third-straight pop. The shares bounced off an Oct. 13, 52-week low of $146.97 and are today breaking back above the descending 80-day moving average, but still carry a nearly 9% deficit for 2025.
Options traders have been much more optimistic than usual. This is per the security's 50-day call/put ratio of 2.49 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the 74th percentile of its annual range. Echoing this, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.40 sits in the 2nd percentile of annual readings.
Drilling down to today's options activity, 22,000 calls and 11,000 puts have already crossed the tape, which is five times the volume typically seen at this point. The most popular contract is the expiring weekly 10/24 160-strike call, where positions are being bought to open. This means options traders expect more upside for PG by today's close.