PepsiCo (PEP) Options Chain

NASDAQ: PEPConsumer StaplesBeverages (Production/Distribution)USD

125.97-2.37 (-1.85%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 23, 2026
Days to expiration: 12
Share price: $125.97
Put/call ratio (OI): 0.71
Put/call ratio (volume): 0.72
ATM implied volatility: 21.8%
Expected move: ±$4.99
Open interest (C / P): 4.85K / 3.47K

PEP options summary

The PEP options chain for the October 23, 2026 expiration lists 40 call and 40 put contracts, with 12 days until expiration. Open interest stands at 4,850 calls and 3,467 puts, a put/call ratio of 0.71, which is fairly balanced between calls and puts. At-the-money implied volatility near the $126.00 strike is 21.8%, which implies the market expects a move of about ±$4.99 (4.0%) in PepsiCo stock by expiration.

The most open interest sits at the $140.00 call (922 contracts) and the $122.00 put (421 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

PEP options chain · October 23, 2026

PEP calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
4	4	60.7%	31.50	24.80	27.35	100.00	0.00	0.10	0.05	54.7%	1	4
—	—	—	—	—	—	105.00	0.00	0.64	0.02	60.9%	2	4
21	1	53.1%	17.00	14.80	18.10	110.00	0.00	0.11	0.06	38.9%	55	72
—	—	—	—	—	—	112.00	—	—	0.08	—	—	—
—	—	—	—	—	—	113.00	—	—	0.02	—	—	—
—	—	—	—	—	—	114.00	—	—	0.12	—	—	—
3	2	68.2%	9.80	9.25	13.15	115.00	0.05	0.10	0.10	27.5%	16	60
—	—	—	—	—	—	116.00	0.00	0.16	0.10	27.9%	2	5
1	—	58.0%	11.83	8.55	10.95	117.00	0.05	0.31	0.10	30.0%	5	128
—	—	—	—	—	—	118.00	0.03	0.21	0.20	24.8%	1	18
—	—	—	—	—	—	119.00	0.01	0.26	0.20	23.6%	2	44
9	3	40.3%	6.70	5.20	7.45	120.00	0.10	0.34	0.26	22.8%	50	269
—	—	—	7.04	—	—	121.00	0.23	0.40	0.50	21.1%	11	76
—	—	—	6.10	—	—	122.00	0.47	0.81	0.51	24.2%	122	421
—	—	—	4.50	—	—	123.00	0.41	0.90	0.71	21.9%	33	128
22	3	35.3%	3.30	2.90	4.40	124.00	0.04	1.10	1.04	20.5%	18	323
116	191	22.9%	2.50	2.37	2.68	125.00	1.29	1.51	1.42	20.7%	40	290
PEP $125.97
279	43	23.1%	2.09	1.76	2.18	126.00	1.53	1.96	1.80	20.5%	156	83
146	18	22.3%	1.61	1.44	1.65	127.00	2.04	3.00	2.31	25.7%	160	403
200	88	22.1%	1.08	1.10	1.25	128.00	2.50	4.80	2.96	38.7%	3	231
80	52	22.4%	0.88	0.78	0.97	129.00	3.25	5.00	3.57	34.0%	3	121
322	235	22.5%	0.63	0.55	0.72	130.00	4.30	4.80	4.39	23.1%	16	101
196	80	22.6%	0.49	0.29	0.53	131.00	4.65	6.50	5.20	35.3%	14	219
236	41	26.1%	0.40	0.14	0.58	132.00	4.90	7.50	6.61	38.5%	1	23
111	45	22.9%	0.38	0.20	0.28	133.00	6.00	7.80	7.34	31.8%	3	100
142	6	23.9%	0.25	0.10	0.23	134.00	6.45	9.45	7.82	43.9%	3	140
668	191	23.6%	0.13	0.10	0.15	135.00	8.80	10.25	8.93	43.9%	12	167
49	9	28.9%	0.13	0.00	0.26	136.00	8.90	11.45	8.37	49.5%	2	14
98	2	31.0%	0.15	0.00	0.26	137.00	9.85	13.00	9.50	59.9%	1	5
126	2	31.1%	0.05	0.05	0.20	138.00	10.15	13.90	12.35	61.3%	20	13
62	1	36.7%	0.08	0.00	0.32	139.00	11.15	14.95	11.70	64.7%	10	4
922	2	30.0%	0.20	0.00	0.09	140.00	12.85	15.40	14.35	59.2%	16	1
101	1	48.5%	0.07	0.00	0.64	141.00	—	—	—	—	—	—
36	2	35.9%	0.12	0.00	0.14	142.00	14.15	17.95	15.45	72.5%	1	0
65	33	40.6%	0.15	0.00	0.21	143.00	16.25	18.95	16.21	51.1%	3	0
129	4	44.2%	0.01	0.00	0.26	144.00	—	—	—	—	—	—
278	10	50.5%	0.07	0.00	0.40	145.00	18.25	20.20	18.10	67.5%	1	0
41	10	54.5%	0.25	0.00	0.95	146.00	—	—	19.35	—	—	—
11	2	47.9%	0.47	0.00	0.22	147.00	—	—	22.50	—	—	—
4	3	61.0%	0.74	0.00	1.15	148.00	20.85	23.40	22.35	77.6%	1	0
3	—	60.2%	0.50	0.00	0.96	149.00	21.25	24.70	20.75	85.0%	1	0
206	2	57.9%	0.04	0.00	0.70	150.00	22.15	26.05	13.60	92.9%	—	0
12	5	63.0%	0.07	0.00	0.75	152.50	—	—	—	—	—	—
34	1	62.7%	0.01	0.00	0.53	155.00	—	—	—	—	—	—
65	4	51.2%	0.01	0.00	0.06	160.00	—	—	—	—	—	—
41	—	88.9%	0.23	0.00	1.35	162.50	—	—	—	—	—	—
11	1	82.0%	0.11	0.00	0.73	165.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the PEP put/call ratio?

For the October 23, 2026 expiration, the PEP put/call ratio based on open interest is 0.71 (3,467 puts vs 4,850 calls), and 0.72 based on today's volume. A ratio above 1 means more puts than calls.

What is PEP's implied volatility?

At-the-money implied volatility for PEP options expiring October 23, 2026 is about 21.8%, an annualized estimate of how much the market expects PepsiCo stock to move.

How many PEP option expiration dates are there?

PEP has 14 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.