Keurig Dr Pepper Sees $1 Million in Bullish Call Options Ahead of Earnings

Discussion in 'Options' started by ETJ, Jul 27, 2023.

  1. ETJ

    ETJ

    Keurig Dr Pepper Sees $1 Million in Bullish Call Options Ahead of Earnings
    Carly Wanna - Bloomberg
    Keurig Dr Pepper Inc. attracted more than $1 million in bullish bets as traders flocked to call options ahead of the beverage behemoth's earnings report.
    Investors snapped up more than 26,000 contracts of $34 call options for the drink maker, in what appears to be a wager that the stock will tick above that level by the option's expiry of Sept. 15, from the current $32.68. While there weren't clear indications of share trades done at the same time as the calls, options are often part of broader strategies, not necessarily bets on the directional move of a given stock.
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