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Investors with a lot of money to spend have taken a bullish stance on Procter & Gamble (NYSE:PG).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Procter & Gamble.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $189,000, and 9, calls, for a total amount of $446,665.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $175.0 for Procter & Gamble, spanning the last three months.
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Procter & Gamble's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Procter & Gamble's whale trades within a strike price range from $135.0 to $175.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
PG | PUT | TRADE | BEARISH | 10/18/24 | $1.81 | $1.71 | $1.8 | $160.00 | $189.0K | 1.4K | 1.0K |
PG | CALL | SWEEP | BEARISH | 09/20/24 | $9.1 | $9.05 | $9.05 | $160.00 | $85.9K | 2.9K | 100 |
PG | CALL | SWEEP | BULLISH | 01/16/26 | $11.6 | $11.4 | $11.6 | $175.00 | $78.8K | 2.0K | 76 |
PG | CALL | TRADE | BEARISH | 09/20/24 | $9.15 | $9.1 | $9.1 | $160.00 | $55.5K | 2.9K | 237 |
PG | CALL | SWEEP | BULLISH | 01/17/25 | $17.0 | $16.8 | $17.0 | $155.00 | $52.7K | 2.0K | 62 |
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, generating more than $80 billion in annual sales. It operates with a lineup of leading brands, including more than 20 that generate north of $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar 2012. Sales outside its home turf represent around 53% of the firm's consolidated total.
After a thorough review of the options trading surrounding Procter & Gamble, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $175.0.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Procter & Gamble options trades with real-time alerts from Benzinga Pro.
Posted In: PG