Financial giants have made a conspicuous bearish move on Starbucks. Our analysis of options history for Starbucks SBUX revealed 15 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $88,019, and 13 were calls, valued at $865,028.
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 $75.0 to $100.0 for Starbucks during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Starbucks stands at 2216.5, with a total volume reaching 9,665.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Starbucks, situated within the strike price corridor from $75.0 to $100.0, throughout the last 30 days.
Starbucks Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SBUX | CALL | SWEEP | BEARISH | 05/17/24 | $95.00 | $313.4K | 4.0K | 2.4K |
| SBUX | CALL | SWEEP | NEUTRAL | 05/17/24 | $95.00 | $78.0K | 4.0K | 544 |
| SBUX | CALL | SWEEP | BEARISH | 09/20/24 | $90.00 | $77.0K | 328 | 1 |
| SBUX | CALL | SWEEP | BEARISH | 05/17/24 | $95.00 | $75.8K | 4.0K | 569 |
| SBUX | PUT | SWEEP | BULLISH | 09/20/24 | $85.00 | $60.2K | 1.5K | 580 |
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
- With a volume of 2,332,717, the price of SBUX is up 0.09% at $91.67.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 41 days.
What The Experts Say On Starbucks
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $101.33333333333333.
- In a cautious move, an analyst from TD Cowen downgraded its rating to Market Perform, setting a price target of $102.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Starbucks, targeting a price of $100.
- Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Starbucks with a target price of $102.
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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