Market Overview

Jon Najarian Sees Unusually High Bullish Options Activity In Starbucks

Share:
Related SBUX
Lightning Round: Jim Cramer Weighs In On Wendys, Aetna And More
Vetr Crowd Downgrades Starbucks
The Vetr community has upgraded $SBUX to 4.5-Stars. (Vetr)

Jon Najarian said on CNBC's Fast Money Halftime Report that traders are making bullish bets ahead of earnings in Starbucks Corporation (NASDAQ: SBUX).

They were buying the May 60/62 call spread aggressively. For the trade to reach its maximal profit, Starbucks needs to jump around 1.7 percent from its current price level. Najarian decided to buy the call spread in Starbucks, which is due to report earnings on Thursday.

Posted-In: Fast Money Halftime Report Jon NajarianCNBC Options Markets Media

 

Related Articles (SBUX)

View Comments and Join the Discussion!

Partner Center