Looking At Starbucks's Recent Whale Trades

Looking At Starbucks's Recent Whale Trades

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

Looking at options history for Starbucks SBUX we detected 19 strange trades.

If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.

From the overall spotted trades, 14 are puts, for a total amount of $1,131,097 and 5, calls, for a total amount of $189,587.

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 $75.0 to $110.0 for Starbucks over the last 3 months.

Volume & Open Interest Development

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 $75.0 to $110.0 in 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 PUT SWEEP BULLISH 12/16/22 $80.00 $281.6K 72 361
SBUX PUT SWEEP BULLISH 12/16/22 $75.00 $210.6K 64 354
SBUX PUT SWEEP BEARISH 04/14/22 $80.00 $149.8K 13.1K 1.0K
SBUX PUT SWEEP BEARISH 06/17/22 $80.00 $96.9K 2.9K 201
SBUX PUT SWEEP BULLISH 04/14/22 $75.00 $60.2K 1.8K 510

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SBUX PUT SWEEP BULLISH 12/16/22 $80.00 $281.6K 72 361
SBUX PUT SWEEP BULLISH 12/16/22 $75.00 $210.6K 64 354
SBUX PUT SWEEP BEARISH 04/14/22 $80.00 $149.8K 13.1K 1.0K
SBUX PUT SWEEP BEARISH 06/17/22 $80.00 $96.9K 2.9K 201
SBUX PUT SWEEP BULLISH 04/14/22 $75.00 $60.2K 1.8K 510

Where Is Starbucks Standing Right Now?

  • With a volume of 3,805,524, the price of SBUX is up 0.11% at $84.55.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 49 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 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.

Posted In: BZI-UOAOptionsMarkets