27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bullish move on Starbucks. Our analysis of options history for Starbucks (NASDAQ:SBUX) revealed 10 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $239,880, and 5 were calls, valued at $147,929.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $95.0 for Starbucks during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Starbucks's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Starbucks's significant trades, within a strike price range of $60.0 to $95.0, over the past month.
Starbucks 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBUX | PUT | SWEEP | BULLISH | 01/17/25 | $2.29 | $2.27 | $2.27 | $75.00 | $71.5K | 3.2K | 320 |
| SBUX | PUT | SWEEP | BULLISH | 09/20/24 | $5.85 | $5.75 | $5.75 | $90.00 | $62.1K | 4.1K | 955 |
| SBUX | PUT | SWEEP | BULLISH | 09/20/24 | $5.8 | $5.75 | $5.75 | $90.00 | $43.1K | 4.1K | 625 |
| SBUX | CALL | SWEEP | BULLISH | 10/18/24 | $13.85 | $13.8 | $13.8 | $80.00 | $35.8K | 405 | 51 |
| SBUX | PUT | SWEEP | BULLISH | 09/20/24 | $5.85 | $5.7 | $5.75 | $90.00 | $35.6K | 4.1K | 824 |
About Starbucks
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
Starbucks's Current Market Status
- Trading volume stands at 3,800,811, with SBUX's price down by -2.06%, positioned at $89.65.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 28 days.
Expert Opinions on Starbucks
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $101.8.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Starbucks, targeting a price of $100.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Hold rating for Starbucks, targeting a price of $100.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Starbucks, targeting a price of $105.
- Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Starbucks, targeting a price of $102.
- An analyst from TD Cowen has revised its rating downward to Market Perform, adjusting the price target to $102.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Starbucks with Benzinga Pro for real-time alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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