Investors with a lot of money to spend have taken a bearish stance on Procter & Gamble (NYSE:PG).
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Procter & Gamble.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $72,598, and 6 are calls, for a total amount of $201,085.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $160.0 and $167.5 for Procter & Gamble, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Procter & Gamble's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Procter & Gamble's substantial trades, within a strike price spectrum from $160.0 to $167.5 over the preceding 30 days.
Procter & Gamble Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PG | PUT | SWEEP | BEARISH | 06/28/24 | $0.86 | $0.68 | $0.8 | $167.50 | $39.9K | 3.1K | 0 |
| PG | CALL | TRADE | BULLISH | 07/19/24 | $7.0 | $6.9 | $7.0 | $160.00 | $35.0K | 4.1K | 13 |
| PG | CALL | TRADE | BEARISH | 07/19/24 | $7.1 | $6.9 | $6.96 | $160.00 | $34.8K | 4.1K | 63 |
| PG | CALL | SWEEP | BEARISH | 07/19/24 | $7.1 | $6.9 | $6.94 | $160.00 | $34.5K | 4.1K | 63 |
| PG | PUT | SWEEP | BEARISH | 06/28/24 | $0.6 | $0.59 | $0.6 | $167.50 | $32.6K | 3.1K | 998 |
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.
Following our analysis of the options activities associated with Procter & Gamble, we pivot to a closer look at the company's own performance.
Current Position of Procter & Gamble
- With a volume of 2,130,400, the price of PG is down -1.07% at $165.65.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 29 days.
Professional Analyst Ratings for Procter & Gamble
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $187.0.
- An analyst from Exane BNP Paribas downgraded its action to Outperform with a price target of $187.
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.