Whales with a lot of money to spend have taken a noticeably bearish stance on Starbucks.
Looking at options history for Starbucks SBUX we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $187,455 and 6, calls, for a total amount of $448,197.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $145.0 for Starbucks over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Starbucks stands at 3625.78, with a total volume reaching 1,311.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Starbucks, situated within the strike price corridor from $90.0 to $145.0, throughout the last 30 days.
Starbucks Option Activity Analysis: Last 30 Days
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 | 12/18/26 | $20.0 | $19.55 | $19.9 | $95.00 | $198.9K | 14.0K | 101 |
| SBUX | CALL | TRADE | BEARISH | 12/18/26 | $21.05 | $19.7 | $20.0 | $95.00 | $100.0K | 14.0K | 151 |
| SBUX | PUT | TRADE | BEARISH | 11/08/24 | $1.88 | $1.8 | $1.85 | $96.00 | $61.6K | 1.0K | 341 |
| SBUX | PUT | TRADE | BEARISH | 11/15/24 | $3.6 | $3.55 | $3.59 | $99.00 | $53.8K | 264 | 14 |
| SBUX | CALL | SWEEP | BEARISH | 11/15/24 | $2.98 | $2.92 | $2.92 | $100.00 | $52.6K | 12.8K | 260 |
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.
Present Market Standing of Starbucks
- With a volume of 1,740,486, the price of SBUX is up 1.54% at $98.81.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 2 days.
What Analysts Are Saying About Starbucks
In the last month, 5 experts released ratings on this stock with an average target price of $102.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from UBS persists with their Neutral rating on Starbucks, maintaining a target price of $95. * An analyst from JP Morgan persists with their Overweight rating on Starbucks, maintaining a target price of $105. * An analyst from Citigroup persists with their Neutral rating on Starbucks, maintaining a target price of $99. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Starbucks, targeting a price of $117. * An analyst from Citigroup has decided to maintain their Neutral rating on Starbucks, which currently sits at a price target of $96.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Starbucks with Benzinga Pro for real-time alerts.
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