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PepsiCo Option Traders Position Themselves for Growth

·6 min read

After PepsiCo, Inc. (PEP) reported that it had beaten estimates for its second quarter earnings results, options buyers are taking actions that imply they think the share price will drift higher in the future. This may come as a surprise considering that the PEP share price increased 2.3% the day the report was announced. Prior to the earnings announcement, investors had bid up the share prices, but there were still a sizable amount of put options in the open interest.