PepsiCo (PEP) volatility at 21 on sharp rally

PepsiCo (NYSE: PEP) shares have recently rallied on hopes the board will consider splitting the company's snack and beverage divisions. Credit Suisse say's "The Beverage turnaround is likely stalling." Overall option implied volatility of 21 is near its 26-week average of 20 according to Track Data.

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