Investors with a lot of money to spend have taken a bearish 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 33% bullish and 66%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $46,750, and 8, calls, for a total amount of $1,032,667.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $115.0 for Starbucks over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Starbucks options trades today is 2710.0 with a total volume of 2,832.00.
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 $115.0 over the last 30 days.
Starbucks Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SBUX | CALL | SWEEP | BEARISH | 01/16/26 | $100.00 | $418.3K | 1.2K | 521 |
| SBUX | CALL | SWEEP | BEARISH | 01/16/26 | $100.00 | $278.6K | 1.2K | 220 |
| SBUX | CALL | SWEEP | BEARISH | 01/16/26 | $100.00 | $128.3K | 1.2K | 523 |
| SBUX | CALL | SWEEP | NEUTRAL | 01/16/26 | $100.00 | $62.9K | 1.2K | 649 |
| SBUX | CALL | SWEEP | BEARISH | 01/16/26 | $100.00 | $47.6K | 1.2K | 649 |
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.
In light of the recent options history for Starbucks, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Starbucks
- With a volume of 1,863,388, the price of SBUX is down -0.67% at $96.65.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 78 days.
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.
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