Whales with a lot of money to spend have taken a noticeably bullish stance on Starbucks.
Looking at options history for Starbucks SBUX we detected 20 trades.
If we consider the specifics of each trade, it is accurate to state that 65% of the investors opened trades with bullish expectations and 35% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $334,034 and 14, calls, for a total amount of $1,636,620.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $115.0 for Starbucks over the recent three months.
Insights into 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 $75.0 to $115.0, over the past month.
Starbucks 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SBUX | CALL | SWEEP | BULLISH | 01/16/26 | $90.00 | $826.2K | 423 | 645 |
| SBUX | CALL | TRADE | BULLISH | 01/16/26 | $90.00 | $153.0K | 423 | 100 |
| SBUX | CALL | SWEEP | BULLISH | 05/17/24 | $85.00 | $97.6K | 225 | 3 |
| SBUX | PUT | SWEEP | BEARISH | 07/19/24 | $100.00 | $93.0K | 346 | 95 |
| SBUX | CALL | SWEEP | BEARISH | 10/18/24 | $90.00 | $85.5K | 59 | 300 |
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
- With a volume of 3,190,289, the price of SBUX is up 0.25% at $91.45.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 55 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
