PEP options flow: unusual options activity in PepsiCo Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 187 unusual options prints in PepsiCo Inc. (PEP), $11.2M of tracked premium, leaning bearish. Bullish premium was $4.0M against $6.1M bearish; $8.4M went into calls and $2.8M into puts, a put call ratio of 0.33. The largest print was $748K of PEP 21 Jan 2028 $140 calls on 25 September 2026, executed at bid. The last session with prints, 25 September 2026, added 26 prints and $2.0M of premium. PEP closed at $128.63 on 25 September 2026, up 0.4%.
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 |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | PEP 21 Jan 2028 $140 calls | Trade | 759 | 2,420 | $748K | At bid | Bearish | Notable |
| 24 Sep 2026 | PEP 18 Dec 2026 $145 puts | Trade | 259 | 1,113 | $414K | At ask | Bearish | |
| 23 Sep 2026 | PEP 15 Jan 2027 $135 puts | Sweep | 448 | 1,872 | $394K | At bid | Bullish | Notable |
| 21 Sep 2026 | PEP 19 Jan 2029 $130 puts | Trade | 160 | 106 | $266K | At bid | Bullish | Notable |
| 24 Sep 2026 | PEP 21 Jan 2028 $140 calls | Trade | 232 | 1,451 | $239K | At bid | Bearish | |
| 21 Sep 2026 | PEP 15 Jan 2027 $90 calls | Trade | 48 | 10 | $191K | At bid | Bearish | Notable |
| 23 Sep 2026 | PEP 18 Dec 2026 $140 calls | Sweep | 524 | 3,266 | $144K | At ask | Bullish | Notable |
| 24 Sep 2026 | PEP 17 Jun 2027 $130 calls | Sweep | 134 | 95 | $139K | At ask | Bullish | High conviction |
| 24 Sep 2026 | PEP 21 Jan 2028 $120 puts | Sweep | 150 | 1,159 | $135K | At bid | Bullish | Notable |
| 23 Sep 2026 | PEP 18 Dec 2026 $140 calls | Sweep | 538 | 3,266 | $133K | At ask | Bullish | Notable |
| 25 Sep 2026 | PEP 25 Sep 2026 $123 calls | Sweep | 240 | 115 | $113K | At ask | Bullish | High conviction |
| 23 Sep 2026 | PEP 18 Dec 2026 $140 calls | Sweep | 434 | 3,266 | $110K | At ask | Bullish | High conviction |
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 |
|---|---|---|---|---|
| 18 Dec 2026 | 68 | $3.7M | 84% | -$998K |
| 21 Jan 2028 | 28 | $2.3M | 78% | -$1.1M |
| 19 Jan 2029 | 13 | $1.2M | 70% | -$171K |
| 15 Jan 2027 | 11 | $984K | 41% | +$239K |
| 17 Sep 2027 | 12 | $611K | 43% | +$18K |
| 16 Oct 2026 | 12 | $443K | 78% | +$228K |
The most premium, $3.7M, is aimed at the 18 Dec 2026 expiry; the nearest expiry with unusual prints is 16 Oct 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 | PEP 21 Jan 2028 $140 calls | Trade | 759 | 2,420 | $748K | At bid | Bearish | Notable |
| 25 Sep 2026 | PEP 25 Sep 2026 $123 calls | Sweep | 240 | 115 | $113K | At ask | Bullish | High conviction |
| 25 Sep 2026 | PEP 19 Jan 2029 $170 calls | Trade | 150 | 151 | $98K | At bid | Bearish | |
| 25 Sep 2026 | PEP 17 Sep 2027 $130 puts | Sweep | 66 | 1,937 | $81K | At bid | Bullish | |
| 25 Sep 2026 | PEP 17 Sep 2027 $135 calls | Trade | 77 | 147 | $75K | At ask | Bullish | Notable |
Every print in PEP with its full detail, the live tape, one tap filters and saved screeners: open PEP in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open PEP in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 15 firms, have a median of $160, 24.4% above the last close. The last 90 days brought 2 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 PepsiCo Inc.
- Exchange
- Nasdaq
- Sector
- Consumer Staples
- Industry
- Candy & Soda
- Headquarters
- Harrison, New York
- Website
- pepsico.com
PepsiCo, Inc. manufactures, markets, distributes, and sells various beverages and convenient foods. It provides dips, cheese-flavored snacks, and spreads, as well as cereals, rice, pasta, mixes and syrups. The company was founded in 1898 and is headquartered in Purchase, New York.
In the same sector
Flow pages for other Consumer Staples names in the S&P 500:
WMT Walmart Inc.COST Costco Wholesale Corp.KO Coca Cola Co.PG Procter & Gamble Co.PM Philip Morris International Inc.MO Altria Group, Inc.MNST Monster Beverage Corp.MDLZ Mondelez International, Inc.
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 PEP 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 PEP in Options Sentiment Screener