Investors with a lot of money to spend have taken a bearish stance on Starbucks SBUX.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SBUX, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 13 uncommon options trades for Starbucks.
This isn't normal.
The overall sentiment of these big-money traders is split between 15% bullish and 84%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $150,147, and 11 are calls, for a total amount of $1,758,678.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $100.0 for Starbucks, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Starbucks's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Starbucks's substantial trades, within a strike price spectrum from $80.0 to $100.0 over the preceding 30 days.
Starbucks 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SBUX | CALL | TRADE | NEUTRAL | 01/16/26 | $95.00 | $998.7K | 2.7K | 0 |
| SBUX | CALL | TRADE | BEARISH | 03/15/24 | $95.00 | $224.0K | 3.1K | 1.0K |
| SBUX | CALL | TRADE | BEARISH | 09/20/24 | $85.00 | $136.8K | 170 | 114 |
| SBUX | CALL | SWEEP | BEARISH | 04/19/24 | $90.00 | $109.8K | 438 | 133 |
| SBUX | PUT | TRADE | NEUTRAL | 04/19/24 | $90.00 | $91.5K | 3.1K | 302 |
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.
In light of the recent options history for Starbucks, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Starbucks
- Trading volume stands at 7,631,092, with SBUX's price up by 0.13%, positioned at $92.16.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 5 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Starbucks options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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