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 9 unusual trades.
Delving into the details, we found 77% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $555,395, and 2 were calls, valued at $90,585.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $100.0 for Starbucks over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Starbucks options trades today is 3728.5 with a total volume of 2,362.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Starbucks's big money trades within a strike price range of $70.0 to $100.0 over the last 30 days.
Starbucks Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBUX | PUT | TRADE | BULLISH | 01/17/25 | $4.2 | $4.1 | $4.12 | $80.00 | $164.8K | 4.5K | 407 |
| SBUX | PUT | TRADE | BULLISH | 05/03/24 | $0.59 | $0.54 | $0.56 | $79.00 | $101.6K | 25 | 1.2K |
| SBUX | PUT | TRADE | BULLISH | 05/17/24 | $5.1 | $4.95 | $5.01 | $90.00 | $100.2K | 14.4K | 2 |
| SBUX | PUT | SWEEP | BULLISH | 05/03/24 | $0.59 | $0.56 | $0.56 | $79.00 | $69.1K | 25 | 3 |
| SBUX | PUT | SWEEP | BULLISH | 09/20/24 | $4.7 | $4.65 | $4.65 | $85.00 | $65.5K | 3.1K | 159 |
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.
Following our analysis of the options activities associated with Starbucks, we pivot to a closer look at the company's own performance.
Present Market Standing of Starbucks
- Currently trading with a volume of 3,148,347, the SBUX's price is up by 0.36%, now at $87.17.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 22 days.
Expert Opinions on Starbucks
In the last month, 5 experts released ratings on this stock with an average target price of $101.8.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Starbucks with a target price of $100.
- An analyst from TD Cowen has revised its rating downward to Market Perform, adjusting the price target to $102.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Hold rating for Starbucks, targeting a price of $100.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Starbucks with a target price of $105.
- An analyst from Citigroup persists with their Neutral rating on Starbucks, maintaining a target price of $102.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Starbucks, Benzinga Pro gives you real-time options trades 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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