Pepsi Traders Brace for Dollar Impact on Overseas Sales: Options
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Traders are betting PepsiCo Inc. will be the next American company to get stung by the strongest dollar in more than 10 years.
Demand for options that protect against losses in shares of the world’s second-largest beverage maker rose to the highest level in almost two years relative to bullish ones, data compiled by Bloomberg show. The number of PepsiCo shares sold short has climbed to the most in more than four months.