PEP Options
PEP $135.21 · Updated Oct 26, 4:00 PM ET
PEP is at $135.21. The nearest expiration, Oct 30, 2026 (4 days out), lists 59 strikes, with 4,874 calls and 3,766 puts traded in the latest session. At-the-money implied volatility is 25.5%. The at-the-money straddle prices a move of about $2.95 (2.2%) by expiration.
PEP Options Chain
PEP is at $135.21. The nearest expiration, Oct 30, 2026 (4 days out), lists 59 strikes, with 4,874 calls and 3,766 puts traded in the latest session. At-the-money implied volatility is 25.5%. The at-the-money straddle prices a move of about $2.95 (2.2%) by expiration.
PEP Gamma Exposure (GEX)
PEP total dealer gamma exposure is $51M across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The gamma flip is $125.64, with spot 7.6% above it. The call wall is $140.00 and the put wall $135.00.
PEP Max Pain
PEP max pain for Oct 30, 2026 (4 days out) is $131.00, 3.1% below the current $135.21. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $132.00.
PEP Put/Call Ratio
Across every listed PEP expiration, the put/call ratio is 0.25 by volume and 0.51 by open interest. More calls than puts are trading. 97,514 puts and 192,452 calls are open in total.
PEP Implied Volatility
PEP at-the-money implied volatility is 25.5% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 20.3%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
PEP Open Interest by Strike
Across all PEP expirations, the largest call open interest near the current $135.21 sits at the $140.00 strike (53,008 contracts) and the largest put open interest at $125.00 (20,518). 192,452 calls and 97,514 puts are open in total.
PEP Expected Move
The options market prices PEP to move about $2.95 (2.2%) by Oct 30, 2026, a range of $132.27 to $138.16. For Nov 27, 2026 (32 days out) the expected move is $6.56 (4.9%).