Whales with a lot of money to spend have taken a noticeably bullish stance on Procter & Gamble.
Looking at options history for Procter & Gamble (NYSE:PG) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $113,215 and 10, calls, for a total amount of $500,376.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $170.0 for Procter & Gamble during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Procter & Gamble stands at 2370.78, with a total volume reaching 2,902.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Procter & Gamble, situated within the strike price corridor from $150.0 to $170.0, throughout the last 30 days.
Procter & Gamble Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PG | CALL | TRADE | BEARISH | 09/20/24 | $3.85 | $3.75 | $3.75 | $170.00 | $98.6K | 4.8K | 6 |
| PG | CALL | SWEEP | BULLISH | 06/21/24 | $6.9 | $6.55 | $6.9 | $160.00 | $80.0K | 3.7K | 150 |
| PG | PUT | SWEEP | BULLISH | 07/19/24 | $5.3 | $5.15 | $5.25 | $170.00 | $78.7K | 666 | 0 |
| PG | CALL | SWEEP | BULLISH | 06/21/24 | $16.8 | $16.55 | $16.7 | $150.00 | $53.4K | 1.0K | 11 |
| PG | CALL | SWEEP | BEARISH | 09/20/24 | $9.3 | $9.15 | $9.16 | $160.00 | $45.9K | 2.4K | 0 |
About Procter & Gamble
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.
In light of the recent options history for Procter & Gamble, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Procter & Gamble's Current Market Status
- With a volume of 1,749,249, the price of PG is up 0.26% at $166.84.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 42 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.