Financial giants have made a conspicuous bullish move on Starbucks. Our analysis of options history for Starbucks SBUX revealed 28 unusual trades.
Delving into the details, we found 67% of traders were bullish, while 32% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $1,164,936, and 16 were calls, valued at $1,942,498.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $110.0 for Starbucks over the recent three months.
Insights into Volume & Open Interest
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 $75.0 to $110.0 in the last 30 days.
Starbucks 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SBUX | CALL | TRADE | BULLISH | 01/16/26 | $95.00 | $979.1K | 5.1K | 707 |
| SBUX | PUT | TRADE | BEARISH | 02/02/24 | $92.00 | $513.0K | 3.6K | 3.6K |
| SBUX | CALL | TRADE | BEARISH | 06/21/24 | $105.00 | $207.0K | 4.5K | 1.0K |
| SBUX | CALL | SWEEP | BULLISH | 03/15/24 | $100.00 | $175.1K | 6.9K | 2.4K |
| SBUX | PUT | TRADE | BULLISH | 02/16/24 | $95.00 | $115.5K | 7.0K | 437 |
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.
Following our analysis of the options activities associated with Starbucks, we pivot to a closer look at the company's own performance.
Where Is Starbucks Standing Right Now?
- Trading volume stands at 8,330,498, with SBUX's price down by -0.85%, positioned at $93.0.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 0 days.
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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