When investors with substantial wealth start making waves, retail traders do well to take notice. The recent bullish positioning on Starbucks (NASDAQ:SBUX) by these financial behemoths could be indicative of more than just the market tide.
Today, the seas of high finance shifted, and the movements of these monetary leviathans appeared on our radar, leaving ripples in the options market we observe diligently at Benzinga.
It remains unclear whether these are institutional shifts or the maneuvers of deep-pocketed individuals, but such large-scale actions with SBUX often signal insider foresight.
In the option seas today, Benzinga’s watchful eye detected 8 sizable trades involving Starbucks.
An anomaly in these waters.
The giants of finance exhibiting sentiments split between 37% bullish and 12% bearish in their valuable undertakings.
Among the uncovered options were 1 put, valuing at $26,650, and 7 calls, totaling $435,875.
Aim High: Price Target Reconnaissance
Scrutinizing the Volume and Open Interest in these transactions reveals a price spectrum of $75.0 to $100.0 that has captured the attention of these titans for Starbucks over the past quarter.
Insightful Tide Checks: Volume & Open Interest
Delving into the depths of volume and open interest offers a methodical approach for due diligence in the stock waters.
These metrics provide a compass to steer through the liquidity and intrigue surrounding Starbucks’s options at various strike prices.
Below, observe the ebb and flow of call and put activity, navigating the realm of Starbucks’s whale movements in the $75.0 to $100.0 strike range over the previous 30 days.
Tracking the Terrain: Starbucks Call and Put Volume Overview
Unearthing Noteworthy Transactions:
| 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 |
Charting Starbucks’ Course:
Starbucks stands as a beacon among the global dining landscape, with over 38,000 establishments spanning 80 nations by the close of fiscal 2023. Operating across North America, international territories, and channel development, its revenue streams encompass store operations, equipment sales, and licensing royalties.
Given the recent options movements surrounding Starbucks, focus now shifts to the company’s operational performance.
Navigating the Present Seas: Starbucks’ Current Position
- Trading volume tallies 5,418,853 as SBUX’s price scales to $96.64, marking a 1.13% ascent.
- RSI signals suggest a possible approach to overbought territory for the stock.
- An earnings announcement looms on the horizon, a mere 27 days away.
Guiding Voices: Expert Perspectives on Starbucks
Among recent appraisals, 5 experts’ ratings converge on an average target price of $104.8 for Starbucks.
Should you seek gains akin to turning $1000 into $1270 within a scant 20 days, the expertise of a seasoned options trader beckons. With a charting technique yielding a 27% profit every 20 days, the lure of his trades proves irresistible to the prudent investor.
The critique from Bernstein shines bright, upgrading to Outperform and assigning a $115 target. Similarly, JP Morgan maintains its Overweight rating with a price mark of $105. BMO Capital echoes approval, holding to Outperform at $110. A dissenting murmur arises from Jefferies, downgrading to Underperform and anchoring at $76, while B of A Securities maintains a Buy rating and targets the heights at $118.
Options, a realm where risk is amplified but rewards soar higher still, beckon those seeking a calculated gamble. Wise options players navigate this realm with vigilance, honing skills daily, using multiple indicators in decision-making, and staying attuned to market signals.
If the siren call of Starbucks’s options trades beckons you, let Benzinga Pro be your trusted lookout for real-time alerts.
Market News and Data brought to you by Benzinga APIs