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: Dec 18, 2026
Days to expiration: 68
Share price: $125.97
Put/call ratio (OI): 0.40
Put/call ratio (volume): 0.33
ATM implied volatility: 22.7%
Expected move: ±$12.33
Open interest (C / P): 39.76K / 15.84K

PEP options summary

The PEP options chain for the December 18, 2026 expiration lists 29 call and 24 put contracts, with 68 days until expiration. Open interest stands at 39,762 calls and 15,844 puts, a put/call ratio of 0.40, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $125.00 strike is 22.7%, which implies the market expects a move of about ±$12.33 (9.8%) in PepsiCo stock by expiration.

The most open interest sits at the $140.00 call (22.05K contracts) and the $130.00 put (2.25K contracts).

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

PEP options chain · December 18, 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
3	2	67.9%	53.71	50.10	52.75	75.00	0.00	0.10	0.02	53.4%	2	23
6	1	67.2%	46.20	45.00	48.45	80.00	0.00	0.15	0.05	50.3%	1	16
0	—	169.8%	57.52	52.85	56.80	85.00	0.00	0.33	0.04	50.5%	1	21
3	3	66.8%	39.22	35.10	37.85	90.00	0.00	0.56	0.08	49.1%	1	18
0	5	59.6%	45.31	30.40	32.95	95.00	0.00	0.37	0.01	39.0%	2	50
30	14	52.5%	28.36	25.50	28.05	100.00	0.06	0.15	0.11	27.9%	5	692
7	1	144.6%	45.00	38.60	41.65	105.00	0.03	0.34	0.23	26.8%	1	495
28	1	37.2%	19.20	16.15	18.10	110.00	0.43	0.52	0.45	23.5%	23	1,629
20	3	32.6%	12.50	11.05	13.65	115.00	1.02	1.14	1.05	22.7%	39	715
133	33	28.4%	8.10	7.10	9.50	120.00	2.08	2.33	2.20	22.2%	168	1,561
867	86	23.2%	5.20	4.70	5.55	125.00	4.10	4.35	4.25	22.2%	245	2,249
PEP $125.97
1,205	224	21.9%	2.87	2.75	3.10	130.00	6.80	7.50	6.95	23.6%	17	2,252
2,065	302	20.8%	1.50	1.42	1.51	135.00	10.25	11.00	10.75	23.5%	59	1,751
22,050	884	21.1%	0.75	0.71	0.75	140.00	14.95	15.75	15.12	28.0%	8	895
2,307	133	22.6%	0.37	0.34	0.45	145.00	18.65	21.75	19.40	39.7%	3	1,016
3,514	184	24.5%	0.19	0.12	0.31	150.00	23.95	26.00	24.60	40.0%	50	1,050
3,702	22	28.7%	0.14	0.05	0.35	155.00	27.55	31.20	29.47	46.1%	1	697
952	16	27.4%	0.08	0.01	0.14	160.00	33.65	35.20	34.95	42.2%	7	414
896	5	29.6%	0.05	0.02	0.12	165.00	37.45	41.20	37.02	54.6%	1	262
541	1	33.7%	0.10	0.00	0.16	170.00	43.25	45.15	44.44	49.0%	1	35
274	2	37.6%	0.05	0.01	0.20	175.00	47.90	50.75	31.27	58.4%	1	0
842	6	38.6%	0.06	0.01	0.15	180.00	0.00	0.00	41.09	—	1	0
106	5	46.5%	0.06	0.00	0.34	185.00	—	—	—	—	—	—
155	1	49.1%	0.10	0.00	0.34	190.00	33.00	35.65	32.87	—	3	3
0	2	25.0%	0.16	0.00	0.00	195.00	—	—	—	—	—	—
0	5	25.0%	0.16	0.00	0.00	200.00	—	—	—	—	—	—
31	1	71.8%	0.15	0.00	2.14	210.00	—	—	—	—	—	—
24	2	65.9%	0.04	0.00	0.93	220.00	58.35	61.15	54.65	—	—	0
1	—	58.2%	0.21	0.00	0.25	230.00	—	—	—	—	—	—

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 December 18, 2026 expiration, the PEP put/call ratio based on open interest is 0.40 (15,844 puts vs 39,762 calls), and 0.33 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 December 18, 2026 is about 22.7%, 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.