PG Options Signal Bullish Bias: Key Strikes and Trade Setups for Feb 6, 2026

• PG trades at $159.20, up 0.37% with volume surging past 5.4M shares.
• Call open interest dominates near $160–$165 strikes, while puts cluster at $148–$157.50.
• Recent news: Earnings beat, eco-friendly product launch, and a $10B buyback boost sentiment.
• Here’s the takeaway: Options data and technicals align for a bullish bias, but watch for short-term volatility.

What the Options Chain Reveals About Market Sentiment

Let’s start with the numbers. Call open interest is heavily concentrated at the $160 strike (1,636 contracts) for Friday expiration, with secondary interest at $165 ($136) and $162.50 ($126). Puts, meanwhile, peak at $148 ($654) and $157.50 ($537), suggesting a defensive stance below $158. The put/call ratio of 0.8977 (calls > puts) reinforces a net bullish bias.

But here’s the catch: The RSI at 82.24 signals overbought conditions, and the MACD histogram (1.17) is widening. This means momentum is strong, but a pullback could test the 200D MA at $153.77. If PG breaks above $160, the $165–$170 calls could see a rush. But if it falters, the $157.50 put level might act as a magnet.

How Recent News Shapes the Narrative

PG’s recent headlines are a mixed bag. The Q4 earnings beat, new eco-friendly detergents, and $10B buyback are tailwinds. The new CFO and Southeast Asia expansion add long-term optimism. But the European regulatory scrutiny and 500-job cuts introduce near-term noise.

Investors are likely pricing in the positives while hedging against the negatives. That explains why call buyers are stacking up near $160 (current price is $159.20) and puts are guarding the $157.50 level. The key is whether the stock can hold above its 200D MA ($153.77) to validate the bullish thesis.

Actionable Trade Ideas for Today

Let’s get specific. For options traders:

• Bullish Play: Buy PG20260206C160 (Friday expiry) if PG breaks $159.50. The $160 strike is the most liquid and could see a pop if the stock holds its ground.
• Bearish Hedge: Buy PG20260206P157.50 (Friday expiry) if PG dips below $158.02 (intraday low). This put has 537 OI and could cap losses if the stock corrects.
• Longer-Term Setup: For next Friday (Feb 13), consider PG20260213C162.50 (193 OI). If PG consolidates near $160, this strike offers leverage with time in hand.

For stock traders:

• Entry: Consider buying PG near $158.50 if it holds above the 200D MA ($153.77). A break above $160.50 (Bollinger Upper Band at $158.16 is already breached) could target $165.
• Stop-Loss: Below $158.02 (intraday low) invalidates the bullish case.
• Exit: Take partial profits at $165 or hold for the $170 level if momentum stays strong.

Volatility on the Horizon: Navigating PG’s Path Forward

PG’s technicals and options data tell a story of a stock poised to test its upper bounds. The $160–$165 range is a critical battleground. If bulls hold, the $170 level (currently a distant 163 OI call strike) could become a reality. But don’t ignore the risks: The RSI’s overbought reading and the looming 200D MA are red flags.

Here’s the bottom line: Today’s data favors a bullish bias, but patience is key. Let the $160 level confirm the trend before stacking more calls. And keep an eye on the $157.50 put level—it might just be the first line of defense if sentiment shifts.

PG isn’t just a stock; it’s a case study in balancing optimism with caution. The next 48 hours could tell us which way the scales tip.