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Deep-pocketed investors have adopted a bearish approach towards Starbucks (NASDAQ:SBUX), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SBUX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Starbucks. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 68% bearish. Among these notable options, 3 are puts, totaling $197,534, and 13 are calls, amounting to $492,463.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $95.0 for Starbucks during the past quarter.
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 $65.0 to $95.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
SBUX | PUT | SWEEP | BEARISH | 10/18/24 | $1.09 | $1.07 | $1.09 | $65.00 | $129.1K | 6.3K | 1.3K |
SBUX | CALL | SWEEP | BULLISH | 01/16/26 | $10.0 | $9.8 | $10.0 | $75.00 | $59.0K | 1.5K | 145 |
SBUX | CALL | SWEEP | BEARISH | 08/16/24 | $1.21 | $1.06 | $1.06 | $75.00 | $52.8K | 9.1K | 3.5K |
SBUX | CALL | SWEEP | BEARISH | 08/16/24 | $1.21 | $1.05 | $1.05 | $75.00 | $52.5K | 9.1K | 2.2K |
SBUX | CALL | SWEEP | BEARISH | 08/16/24 | $1.21 | $1.15 | $1.15 | $75.00 | $45.9K | 9.1K | 1.1K |
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.
5 market experts have recently issued ratings for this stock, with a consensus target price of $83.0.
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.
Posted In: SBUX