Financial giants have made a conspicuous bullish move on Starbucks. Our analysis of options history for Starbucks SBUX revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $765,648, and 6 were calls, valued at $1,253,352.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $110.0 for Starbucks over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Starbucks's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Starbucks's whale trades within a strike price range from $95.0 to $110.0 in the last 30 days.
Starbucks 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SBUX | CALL | TRADE | BULLISH | 01/17/25 | $110.00 | $723.7K | 1.3K | 753 |
| SBUX | PUT | TRADE | BEARISH | 01/17/25 | $95.00 | $574.0K | 4.9K | 1.0K |
| SBUX | CALL | TRADE | BEARISH | 01/19/24 | $105.00 | $416.0K | 12.9K | 2.0K |
| SBUX | PUT | SWEEP | BULLISH | 11/17/23 | $105.00 | $113.4K | 1.3K | 729 |
| SBUX | PUT | TRADE | BULLISH | 11/17/23 | $105.00 | $41.4K | 1.3K | 1.0K |
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
Starbucks's Current Market Status
- With a trading volume of 2,096,696, the price of SBUX is down by -0.76%, reaching $103.54.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 80 days from now.
Professional Analyst Ratings for Starbucks
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $113.33333333333333.
- In a cautious move, an analyst from Deutsche Bank downgraded its rating to Buy, setting a price target of $118.
- An analyst from Barclays has decided to maintain their Overweight rating on Starbucks, which currently sits at a price target of $116.
- An analyst from Wedbush has decided to maintain their Neutral rating on Starbucks, which currently sits at a price target of $106.
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.
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