Blue-Chip Giant Prepares for Earnings Call

Short-term options traders have been more bullish than usual

Deputy Editor
Oct 17, 2023 at 11:55 AM
facebook X logo linkedin

Proctor & Gamble Co (NYSE:PG) is slated to step into the earnings confessional before tomorrow's open. Analysts anticipate third-quarter profits of $1.72 per share on revenue of $21.6 billion. Looking at PG's earnings history, there's a precedent for decent post-earnings returns, with five of eight next-day sessions ending higher. The last eight quarters produced an average post-earnings move of 2.9%, regardless of direction.

Ahead of the event, PG is lower, last seen down 0.2% at $145.79. The shares are bouncing from below the $142 level, while standing well beneath their early August, more than 12-month high of $158.38. Procter & Gamble stock is down 3.6% in 2023, but maintains a 16.8% year-over-year lead.

PG Chart October 172023

Short-term options traders are more bullish than usual. This is according to PG's Schaeffer's put/call open interest ratio (SOIR) of 0.61, which stands in the relatively low 18th percentile of annual reading. In other terms, these traders have favored calls over puts.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI