Deep-pocketed investors have adopted a bullish approach towards Starbucks SBUX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SBUX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Starbucks. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 41% leaning bullish and 41% bearish. Among these notable options, 2 are puts, totaling $180,080, and 10 are calls, amounting to $5,381,767.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $87.5 for Starbucks over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Starbucks options trades today is 7473.88 with a total volume of 10,960.00.
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 $87.5 over the last 30 days.
Starbucks Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBUX | CALL | TRADE | BULLISH | 06/18/26 | $15.25 | $14.4 | $15.35 | $80.00 | $4.9M | 17.2K | 3.2K |
| SBUX | PUT | SWEEP | BULLISH | 01/17/25 | $5.65 | $5.6 | $5.6 | $80.00 | $112.5K | 7.3K | 248 |
| SBUX | CALL | SWEEP | BEARISH | 01/17/25 | $6.2 | $6.1 | $6.1 | $85.00 | $78.0K | 6.9K | 289 |
| SBUX | PUT | TRADE | NEUTRAL | 01/17/25 | $6.8 | $6.7 | $6.75 | $82.50 | $67.5K | 2.3K | 100 |
| SBUX | CALL | SWEEP | BEARISH | 01/17/25 | $6.15 | $6.1 | $6.1 | $85.00 | $61.0K | 6.9K | 409 |
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.
Where Is Starbucks Standing Right Now?
- With a volume of 2,513,227, the price of SBUX is down -0.04% at $81.4.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 50 days.
Professional Analyst Ratings for Starbucks
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $112.0.
- An analyst from B of A Securities persists with their Buy rating on Starbucks, maintaining a target price of $112.
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.
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