Wealthy Investors Favor Starbucks in Recent Options Activity
Deep-pocketed investors are taking an optimistic position on Starbucks (SBUX) – a stance that retail traders should certainly take heed of.
Signs of this bullish sentiment emerged today in publicly available options data meticulously monitored by financial observers.
While the identities behind these sizable trades remain a mystery – whether institutional players or affluent individuals – the magnitude of the activity surrounding SBUX often hints at insider insight or impending market moves.
Today, our keen-eyed Benzinga options scanner detected a total of 8 options trades linked to Starbucks.
This level of activity is far from run-of-the-mill, with the prevailing sentiment among these high-stakes traders divided: 37% bullish and 12% bearish.
Out of the various uncovered options, one put trade amounted to $26,650, while seven calls tallied a combined sum of $435,875.
Unveiling the Price Target
An examination of the Volume and Open Interest in these options contracts indicates a targeted price range of $75.0 to $100.0 for Starbucks over the previous quarter.
Delving into Volume & Open Interest
Scrutinizing volume and open interest offers a valuable lens into stock analysis.
These metrics are instrumental in tracking liquidity and investor interest in Starbucks options at designated strike prices.
Let’s track the trajectory of call and put volume and open interest for Starbucks’ whale trades within the $75.0 to $100.0 strike price range over the past 30 days.
A Comprehensive Look at Starbucks Call and Put Volume
Identifying Significant Options Trades
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBUX | CALL | TRADE | NEUTRAL | 06/20/25 | $7.8 | $7.7 | $7.75 | $100.00 | $155.0K | 4.2K | 203 |
| SBUX | CALL | TRADE | BULLISH | 03/21/25 | $8.15 | $8.1 | $8.15 | $95.00 | $86.3K | 1.3K | 126 |
| SBUX | CALL | SWEEP | NEUTRAL | 11/15/24 | $2.83 | $2.75 | $2.75 | $100.00 | $50.6K | 10.5K | 213 |
| SBUX | CALL | SWEEP | NEUTRAL | 01/17/25 | $17.45 | $17.3 | $17.38 | $80.00 | $43.5K | 6.6K | 27 |
| SBUX | CALL | SWEEP | BULLISH | 11/15/24 | $21.1 | $20.45 | $21.04 | $75.00 | $42.0K | 174 | 12 |
Spotlight on Starbucks
Starbucks, a globally recognized foodservice chain, boasts an extensive network of over 38,000 stores spanning 80+ countries by the close of fiscal 2023. The company’s operations are segmented across North America, international markets, and channel development. Revenue sources for the coffee giant encompass company-run stores, royalties, equipment and product sales to license partners, packaged coffee sales, and ready-to-drink offerings.
In light of the recent options activity surrounding Starbucks, it’s imperative to delve into the company’s current standing to provide a holistic view.
Assessing Starbucks’ Current Position
- Trading volume hits 5,418,853, with SBUX priced at $96.64, exhibiting a 1.13% upsurge.
- RSI indicators hint at potential overbought conditions.
- Earnings announcement anticipated in 27 days.
Expert Evaluations of Starbucks
Over the last month, 5 experts have weighed in on Starbucks, yielding an average target price of $104.8.
Analyst Notes:
- Bernstein analyst raises the rating to Outperform, setting a new target price of $115.
- JP Morgan maintains an Overweight rating with a target price of $105.
- BMO Capital affirms an Outperform rating with a target price of $110.
- Jefferies downgrades to Underperform, establishing a price target of $76.
- B of A Securities keeps a Buy rating with a target price of $118.
While options trading carries inherent risk compared to stock trading, it offers heightened profit potential. Seasoned options traders aptly manage risks through daily education, gradual trade transitions, multi-indicator tracking, and vigilant market monitoring.
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