Investors with a lot of money to spend have taken a bullish stance on Starbucks SBUX.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SBUX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Starbucks.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,250, and 8, calls, for a total amount of $356,084.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $99.0 for Starbucks during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Starbucks's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Starbucks's significant trades, within a strike price range of $70.0 to $99.0, over the past month.
Starbucks Option Volume And Open Interest Over 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 | 01/03/25 | $2.37 | $2.33 | $2.37 | $91.00 | $134.6K | 917 | 1.1K |
| SBUX | CALL | TRADE | BEARISH | 01/03/25 | $0.74 | $0.7 | $0.71 | $94.00 | $40.3K | 1.1K | 2.3K |
| SBUX | CALL | SWEEP | BEARISH | 01/03/25 | $3.35 | $2.85 | $2.85 | $90.00 | $35.6K | 621 | 170 |
| SBUX | CALL | TRADE | BULLISH | 01/10/25 | $0.3 | $0.28 | $0.3 | $99.00 | $33.2K | 1.1K | 1.1K |
| SBUX | CALL | TRADE | BULLISH | 12/27/24 | $3.0 | $2.84 | $3.0 | $90.00 | $30.0K | 848 | 285 |
About Starbucks
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 40,000 stores across more than 80 countries as of the end of fiscal 2024. 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.
After a thorough review of the options trading surrounding Starbucks, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Starbucks Standing Right Now?
- Currently trading with a volume of 2,821,123, the SBUX's price is up by 0.42%, now at $92.25.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 32 days.
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.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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