Starbucks Whale Trades For December 17

A whale with a lot of money to spend has taken a noticeably bearish stance on Starbucks.

Looking at options history for Starbucks SBUX we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 71% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $315,382 and 6, calls, for a total amount of $262,529.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $125.0 for Starbucks over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Starbucks options trades today is 1358.31 with a total volume of 987.00.

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 $80.0 to $125.0 over the last 30 days.

Starbucks Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SBUX CALL TRADE BEARISH 02/18/22 $110.00 $95.0K 629 255
SBUX PUT SWEEP BEARISH 04/14/22 $95.00 $62.5K 1.2K 0
SBUX PUT TRADE NEUTRAL 05/20/22 $125.00 $47.5K 298 0
SBUX PUT SWEEP BEARISH 12/23/21 $115.00 $43.6K 374 6
SBUX PUT SWEEP BULLISH 07/15/22 $105.00 $38.0K 35 28

Where Is Starbucks Standing Right Now?

  • With a volume of 4,809,953.00, the price of SBUX is down -3.45% at $109.67.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 39 days.

What The Experts Say On Starbucks:

  • Barclays has decided to maintain their Overweight rating on Starbucks, which currently sits at a price target of $136.
  • MKM Partners upgraded its action to Buy with a price target of $130
  • Baird downgraded its action to Neutral with a price target of $116

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...