PEP June 140 calls: time for the recovery to develop

Buy June 17 $140 calls, targeting $155 by January 15. Today's $6.20M call purchase may reverse Friday's sale, so it is not proven accumulation. Our June contract had $308K of ask-side buying across two sessions; shares hold above the 50-day average. Exit on a daily close below $134.33 or a 50% option loss. Reassess November 23 without a sustained move above $140. Keep size small; the entire premium is at risk.

• PEP, long call, 2-4 months, opened Oct 26, 2026. It closed at -25.2%.

Updated 2026-11-02 17:12 UTC