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Check Out What Whales Are Doing With SBUX

Author: Benzinga Insights | May 03, 2024 12:46pm

Whales with a lot of money to spend have taken a noticeably bearish stance on Starbucks.

Looking at options history for Starbucks (NASDAQ:SBUX) we detected 23 trades.

If we consider the specifics of each trade, it is accurate to state that 39% of the investors opened trades with bullish expectations and 43% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $816,443 and 11, calls, for a total amount of $452,084.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $100.0 for Starbucks over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $60.0 to $100.0 in the last 30 days.

Starbucks Option Volume And Open Interest Over Last 30 Days

Options Call Chart

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 SWEEP BULLISH 06/18/26 $9.0 $7.9 $7.9 $70.00 $146.9K 210 2
SBUX PUT TRADE BULLISH 01/17/25 $1.55 $1.37 $1.4 $60.00 $139.8K 2.1K 1
SBUX PUT TRADE BEARISH 01/17/25 $2.37 $2.28 $2.37 $65.00 $118.5K 3.3K 1
SBUX CALL TRADE BEARISH 06/21/24 $1.51 $1.48 $1.48 $75.00 $74.0K 4.7K 2.5K
SBUX PUT TRADE BEARISH 05/17/24 $11.05 $10.85 $11.0 $84.00 $66.0K 2.2K 62

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.

After a thorough review of the options trading surrounding Starbucks, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Starbucks's Current Market Status

  • Currently trading with a volume of 9,364,663, the SBUX's price is down by -1.6%, now at $73.73.
  • RSI readings suggest the stock is currently may be oversold.
  • Anticipated earnings release is in 88 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.

Posted In: SBUX

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