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 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $773,680 and 5, calls, for a total amount of $488,485.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $110.0 for Starbucks during the past quarter.
Analyzing 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 Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBUX | PUT | TRADE | BEARISH | 01/17/25 | $2.43 | $2.38 | $2.42 | $92.50 | $363.0K | 7.7K | 26 |
| SBUX | PUT | TRADE | BULLISH | 01/16/26 | $6.4 | $6.15 | $6.25 | $85.00 | $343.7K | 1.8K | 553 |
| SBUX | CALL | SWEEP | BEARISH | 01/17/25 | $3.25 | $3.15 | $3.15 | $100.00 | $299.2K | 11.5K | 970 |
| SBUX | CALL | TRADE | BEARISH | 01/16/26 | $12.1 | $11.95 | $11.95 | $100.00 | $78.8K | 7.2K | 66 |
| SBUX | PUT | SWEEP | NEUTRAL | 01/17/25 | $3.5 | $3.45 | $3.45 | $95.00 | $66.9K | 14.9K | 274 |
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.
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.
Starbucks's Current Market Status
- Currently trading with a volume of 2,559,055, the SBUX's price is down by -0.16%, now at $96.87.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 84 days.
What The Experts Say On Starbucks
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $107.2.
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. * Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Starbucks with a target price of $99. * Consistent in their evaluation, an analyst from Wedbush keeps a Neutral rating on Starbucks with a target price of $95. * An analyst from B of A Securities persists with their Buy rating on Starbucks, maintaining a target price of $117. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Starbucks with a target price of $115. * An analyst from Stifel persists with their Buy rating on Starbucks, maintaining a target price of $110.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
