PG (PG) options memo

The Read

PG is up 0.12% today at $144.26.

Options traders lean neutral into 2026-08-14, and neutral further out.

A move through $145.75 would change how dealers hedge this stock.

Key numbers

• Spot: $144.26
• Lean: neutral
• Nearest expiry: Fri 8/21
• Implied move: 1.0%
• ATM implied volatility: 19.4%
• Max pain: $145.00
• Pin strike: $150.00
• Dealer positioning: LONG GAMMA
• Call wall: $155.00
• Put wall: $140.00
• Put/call open interest: 0.645