PepsiCo Stock Nabs Record High on Energy Drink Investment

PepsiCo, Inc. (NASDAQ:PEP) is in the spotlight today, after agreeing to invest $550 million in Celsius Holdings (CELH) for an 8.5% stake. The deal also has also enabled PepsiCo to take over the company's U.S. energy drink distribution, and to nominate a director to serve Celcius' board. At last check, PEP is up 1% to trade at $176.78.

Options bulls are taking notice, with 21,000 calls across the tape so far -- double the intraday average -- as opposed to just 4,047 puts. Most popular by far is the 8/5 180-strike call, where positions are currently being opened, followed distantly by the September 180 call.

The equity has fared extremely well since its last earnings report, which culminated in a beat-and-raise. In fact, the shares earlier today hit a fresh all-time high of $177.69, and are now eyeing their third-straight win. The 20-day moving average has been supporting the security since late June, and longer term PEP sports a 12.6% year-over-year lead.

Options look like an attractive route at the moment. This is per the security's Schaeffer's Volatility Index (SVI) of 16%, which sits in the relatively low 23rd percentile of readings from the last 12 months, meaning options traders are currently pricing in low volatility expectations for the equity.

7 Commodities ETFs to Help Build a Hedge Against Inflation

Commodities are a broad category that covers agricultural products like wheat, corn, and soybeans. It also includes oil and derivative products such as gasoline, natural gas, and diesel fuel.

However, investing in commodities also covers precious metals such as gold and silver as well as base metals like copper and aluminum. And more recently, this sector includes items like lithium that will be needed in many of the emerging sectors of our economy.

Commodities trading is frequently done by trading contracts on the futures market. And it's not for faint-of-heart investors. Prices are volatile and can change quickly due to macroeconomic events.

However, at certain times, particularly in times of high inflation, commodities outperform the broader market. A practical alternative for individual investors looking to profit from commodities is to invest in exchange-traded funds (ETFs). These funds give investors exposure to this sector while reducing the risk that comes from investing in any single commodity.

Here are seven ETFs that you can buy to help build a hedge against inflation.

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