Financial giants have made a conspicuous bearish move on Starbucks. Our analysis of options history for Starbucks (NASDAQ:SBUX) revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $128,490, and 5 were calls, valued at $316,925.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $73.0 to $165.0 for Starbucks over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Starbucks's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Starbucks's substantial trades, within a strike price spectrum from $73.0 to $165.0 over the preceding 30 days.
Starbucks Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBUX | CALL | SWEEP | BULLISH | 06/21/24 | $6.75 | $6.65 | $6.75 | $73.00 | $134.8K | 459 | 10 |
| SBUX | CALL | SWEEP | BEARISH | 07/12/24 | $0.73 | $0.72 | $0.72 | $83.00 | $64.8K | 1.3K | 2 |
| SBUX | CALL | SWEEP | BEARISH | 09/20/24 | $2.97 | $2.92 | $2.93 | $85.00 | $52.7K | 4.8K | 24 |
| SBUX | PUT | TRADE | BEARISH | 01/17/25 | $86.35 | $84.45 | $86.35 | $165.00 | $43.1K | 0 | 0 |
| SBUX | PUT | TRADE | BEARISH | 01/17/25 | $86.3 | $83.45 | $85.36 | $165.00 | $42.6K | 0 | 5 |
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
Where Is Starbucks Standing Right Now?
- With a volume of 2,154,204, the price of SBUX is up 1.81% at $81.09.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 43 days.
What Analysts Are Saying About Starbucks
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $98.5.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Starbucks, targeting a price of $112.
- Reflecting concerns, an analyst from TD Cowen lowers its rating to Hold with a new price target of $85.
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.