PG Options Signal Bullish Bias: Target $155 Calls as Earnings Optimism Fuels Short-Term Upside

• PG trades at $150.22, up 0.9% from open, with RSI at 64.6 and MACD crossing above signal line
• Call OI dominance at $152.5 and $155 (2041/1242 contracts) vs. put OI at $140 ($135) for Friday expiry
• Analysts raised price targets to $165–$170 after Q2 beat and maintained guidance

Here’s the deal: PG’s options market is whispering bullish—but not blindly. The call/put open interest ratio (0.95) leans slightly long, with heavy positioning at $155 strikes. Combine that with JPMorgan’s $165 target and flat Bollinger Bands, and you’ve got a stock primed for a breakout... if it can stay above key levels.

Bullish Pressure at $155, But Puts Guard the 140s

The options chain tells two stories. First, call open interest peaks at $152.5 (2041 contracts) and $155 (1242) for Friday expiry. That’s not just noise—it’s a vote of confidence from institutional players who expect PG to test its 200D MA at $154.43 before the week ends. The histogram shows MACD divergence, which often precedes a breakout.

But don’t ignore the puts. Put OI at $140 (2526 contracts) and $135 (2311) suggests smart money is hedging downside risks. PG’s 30D support at $144.46 feels fragile right now, especially with volume at 7.6M—healthy but not explosive. If the stock dips below $149.8 (intraday low), those puts could trigger a short-term selloff.

Block Trades? None. But Analysts Are All-In

No whale-sized block trades today, which means the action is organic. But the news flow? It’s a green light. JPMorgan’s upgrade to "overweight" and Bank of America’s $170 target validate the call-heavy positioning. PG’s Q2 beat on EPS ($1.88 vs. $1.86) and maintained guidance for 6.83–7.09 EPS in FY2026 show management isn’t panicking. The real wildcard? Tariff-driven margin pressures—PG’s core gross margin held at 51.9%, but that’s a tightrope.

Trade Ideas: Calls for the Breakout, Puts for the Safety Net

For options players: Buy PG20260130C155 (next Friday expiry) if price breaks above $151.64 (intraday high). The $155 strike is a sweet spot—enough leverage to capitalize on a push toward $160, but not so far OTM that it’s speculative. If you’re bearish, PG20260130P145 (757 OI) offers downside protection with a 7% buffer from current price.

Stock traders: Enter near $150.22 if PG holds above its 30D MA at $143.60. First target is $155 (call-heavy zone), then $158.25 (200D resistance). Stop-loss below $149.8 would make sense, given the put-heavy 140s.

Volatility on the Horizon: Balancing Bullish Momentum and Prudent Risk Management

PG isn’t a rocket ship—it’s a steady, margin-focused giant. But right now, the stars align: technicals hint at a breakout, options show conviction at $155, and analysts are bullish. That said, don’t ignore the puts at $140. This stock could consolidate if tariffs or consumer demand surprises to the downside. Play it smart: use the calls for upside, but keep a safety net with the $145 puts. The next 7 days will tell if PG can shake off its long-term range and make a real run at $165.