PCG options flow: unusual options activity in PG&E Corp.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 46 unusual options prints in PG&E Corp. (PCG), $3.9M of tracked premium, leaning bullish. Bullish premium was $2.0M against $1.1M bearish; $3.0M went into calls and $978K into puts, a put call ratio of 0.33. The largest print was $798K of PCG 15 Jan 2027 $15 calls on 24 September 2026, executed at bid. The last session with prints, 25 September 2026, added 6 prints and $227K of premium. PCG closed at $12.34 on 25 September 2026, up 0.2%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 24 Sep 2026 | PCG 15 Jan 2027 $15 calls | Trade | 14,000 | 29,958 | $798K | At bid | Neutral | Notable |
| 22 Sep 2026 | PCG 15 Jan 2027 $14 calls | Trade | 7,000 | 12,838 | $763K | At ask | Bullish | Notable |
| 24 Sep 2026 | PCG 15 Jan 2027 $15 calls | Sweep | 10,001 | 29,958 | $491K | At ask | Bullish | High conviction |
| 21 Sep 2026 | PCG 18 Dec 2026 $14 puts | Sweep | 912 | 2,030 | $154K | At ask | Bearish | Notable |
| 21 Sep 2026 | PCG 20 Nov 2026 $13 calls | Sweep | 1,010 | 244 | $116K | At ask | Bullish | High conviction |
| 22 Sep 2026 | PCG 17 Jun 2027 $15 puts | Trade | 304 | 4,859 | $91K | At ask | Bearish | |
| 21 Sep 2026 | PCG 15 Jan 2027 $17 calls | Sweep | 1,594 | 86,315 | $70K | At ask | Bullish | Notable |
| 22 Sep 2026 | PCG 18 Dec 2026 $15 calls | Sweep | 1,000 | 91,344 | $62K | At ask | Bullish | Notable |
| 22 Sep 2026 | PCG 17 Sep 2027 $22 calls | Trade | 1,600 | 28,079 | $62K | At bid | Bearish | |
| 24 Sep 2026 | PCG 16 Oct 2026 $12 calls | Sweep | 1,045 | 10,465 | $61K | At bid | Bearish | |
| 21 Sep 2026 | PCG 20 Nov 2026 $13 calls | Sweep | 512 | 244 | $59K | At bid | Bearish | Notable |
| 24 Sep 2026 | PCG 17 Jun 2027 $13 puts | Sweep | 282 | 4,746 | $59K | At bid | Bullish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 15 Jan 2027 | 9 | $2.3M | 99% | +$1.3M |
| 20 Nov 2026 | 9 | $401K | 71% | +$93K |
| 17 Sep 2027 | 8 | $309K | 30% | -$155K |
| 18 Dec 2026 | 4 | $291K | 31% | -$109K |
| 17 Jun 2027 | 5 | $257K | 24% | -$50K |
| 21 Jan 2028 | 5 | $188K | 30% | -$112K |
The most premium, $2.3M, is aimed at the 15 Jan 2027 expiry; the nearest expiry with unusual prints is 20 Nov 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | PCG 21 Jan 2028 $15 puts | Trade | 143 | 1,233 | $55K | At ask | Bearish | Notable |
| 25 Sep 2026 | PCG 17 Jun 2027 $13 puts | Sweep | 208 | 4,775 | $44K | At bid | Bullish | Notable |
| 25 Sep 2026 | PCG 17 Sep 2027 $13 puts | Trade | 151 | 6,238 | $35K | At ask | Bearish | |
| 25 Sep 2026 | PCG 20 Nov 2026 $14 calls | Sweep | 1,030 | 6,313 | $33K | At ask | Bullish | Notable |
| 25 Sep 2026 | PCG 19 Mar 2027 $13 puts | Sweep | 158 | 3,849 | $31K | At ask | Bearish | Notable |
Every print in PCG with its full detail, the live tape, one tap filters and saved screeners: open PCG in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open PCG in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 9 firms, have a median of $18, 45.9% above the last close. The last 90 days brought 6 downgrades.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About PG&E Corp.
- Exchange
- NYSE
- Sector
- Utilities
- Industry
- Utilities
- Headquarters
- San Francisco, California
- Website
- pge.com
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. The company was incorporated in 1905 and is headquartered in San Francisco.
In the same sector
Flow pages for other Utilities names in the S&P 500:
NEE NextEra Energy Inc.SO Southern Co.CEG Constellation Energy Corp.DUK Duke Energy CORPAEP American Electric Power Co. Inc.D Dominion Energy, Inc.SRE SempraETR Entergy Corp.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for PCG with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open PCG in Options Sentiment Screener