PG: Institutional Players Continue To Bet on PG

A significant bullish bet was placed on Friday on PG by an institutional players. The trader sold 40K 18 April calls and bought the same number of 19 July calls. This can either be a bullish calendar spread or a roll over of the April calls into July.

The value of the July calls was $26m! Clearly, this buyer expects higher prices from PG into the summer. Technically, the price has recently broke out from the consolidation and started to move higher.

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