Pepsi (NYSE: PEP) closed at $72.20 Monday.
Goldman Sachs downgraded PEP from Buy to Neutral. Goldman says: "Our downgraded reflects the limited appreciation potential left towards our 12-month target of $78, and our view that Hansen Natural (HANS, Buy) offers more attractive upside."
PEP overall option implied volatility of 21 is near its 26-week average according to Track Data, indicating non-directional fluctuations.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










