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 10 trades.
If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 20% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $207,410 and 6, calls, for a total amount of $1,181,750.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $95.0 for Starbucks during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Starbucks's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Starbucks's whale activity within a strike price range from $80.0 to $95.0 in the last 30 days.
Starbucks 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SBUX | CALL | TRADE | BULLISH | 01/16/26 | $90.00 | $999.0K | 1.7K | 0 |
| SBUX | PUT | SWEEP | BULLISH | 05/17/24 | $95.00 | $83.5K | 2.5K | 159 |
| SBUX | PUT | SWEEP | BEARISH | 09/20/24 | $90.00 | $49.6K | 1.6K | 113 |
| SBUX | CALL | SWEEP | BULLISH | 05/17/24 | $90.00 | $46.5K | 924 | 200 |
| SBUX | PUT | SWEEP | BULLISH | 04/19/24 | $90.00 | $40.5K | 9.1K | 228 |
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.
Having examined the options trading patterns of Starbucks, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Starbucks
- Trading volume stands at 4,694,693, with SBUX's price down by -0.36%, positioned at $90.62.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 53 days.
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.
© 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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