Financial giants have made a conspicuous bullish move on Starbucks. Our analysis of options history for Starbucks SBUX revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $1,603,569, and 3 were calls, valued at $96,080.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $105.0 for Starbucks, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Starbucks options trades today is 4275.2 with a total volume of 5,239.00.
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 $85.0 to $105.0 over the last 30 days.
Starbucks Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBUX | PUT | TRADE | BULLISH | 01/16/26 | $11.15 | $10.95 | $11.0 | $95.00 | $1.1M | 6.4K | 1.0K |
| SBUX | PUT | TRADE | BULLISH | 12/20/24 | $4.75 | $4.7 | $4.7 | $95.00 | $210.5K | 2.6K | 468 |
| SBUX | PUT | SWEEP | BULLISH | 10/25/24 | $3.6 | $3.5 | $3.5 | $98.00 | $105.0K | 565 | 1 |
| SBUX | PUT | SWEEP | BULLISH | 10/25/24 | $1.98 | $1.71 | $1.8 | $95.00 | $44.9K | 554 | 3 |
| SBUX | PUT | SWEEP | BULLISH | 11/15/24 | $4.4 | $4.05 | $4.05 | $95.00 | $40.5K | 6.6K | 102 |
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
Current Position of Starbucks
- With a trading volume of 1,666,427, the price of SBUX is down by -0.63%, reaching $95.89.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 28 days from now.
Professional Analyst Ratings for Starbucks
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $103.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Bernstein has elevated its stance to Outperform, setting a new price target at $115. * An analyst from Jefferies has revised its rating downward to Underperform, adjusting the price target to $76. * An analyst from TD Cowen has revised its rating downward to Buy, adjusting the price target to $110. * Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Starbucks, targeting a price of $110. * An analyst from JP Morgan persists with their Overweight rating on Starbucks, maintaining a target price of $105.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
