That’s what whales bet on Starbucks

A whale with lots of money to spend has taken a markedly bullish stance on Starbucks.

A look at the history of options for Starbucks SBUX we detected 21 strange trades.

Looking at the specifics of each trade, it is correct to say that 66% of investors opened trades with bullish expectations and 33% with bearish expectations.

Of all the transactions identified, 4 are puts, for a total amount of $606,496 and 17 are calls, for a total amount of $7,385,781.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $74.0 to $92.5 for Starbucks over the past 3 months.

Development of volume and open interest

Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Starbucks options for a given strike price. Below we can observe the evolution of call and put volume and open interest, respectively, for all Starbucks whale trades within a strike price range of $74.0 to $92.5 in the last 30 days.

Starbucks Options Volume and Open Interest in the Last 30 Days

The biggest options spotted:









Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
SBUX CALL SWEEP BEARISH 08/19/22 $82.50 $3.0M 8.3K 8.2K
SBUX CALL TRADE BULLISH 09/16/22 $87.50 $3.0M 534 11.5K
SBUX PUT SWEEP BEARISH 09/16/22 $85.00 $480,000 1.7K 1.0K
SBUX CALL SWEEP BULLISH 09/16/22 $82.50 $454.5,000 1.9K 995
SBUX CALL SWEEP BULLISH 09/16/22 $90.00 $276.7K 7.0K 2.0K









Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
SBUX CALL SWEEP BEARISH 08/19/22 $82.50 $3.0M 8.3K 8.2K
SBUX CALL TRADE BULLISH 09/16/22 $87.50 $3.0M 534 11.5K
SBUX PUT SWEEP BEARISH 09/16/22 $85.00 $480,000 1.7K 1.0K
SBUX CALL SWEEP BULLISH 09/16/22 $82.50 $454.5,000 1.9K 995
SBUX CALL SWEEP BULLISH 09/16/22 $90.00 $276.7K 7.0K 2.0K

Where is Starbucks right now?

  • With a volume of 2,832,001, the price of SBUX is down -0.37% at $84.36.
  • RSI indicators suggest that the underlying stock could be close to overbought.
  • The next results should be published in 4 days.

What experts say about Starbucks:

  • Deutsche Bank has decided to maintain its buy rating on Starbucks, which currently sits at a price target of $91.
  • Morgan Stanley has decided to maintain its Equal-Weight rating on Starbucks, which currently sits at a price target of $88.
  • Piper Sandler has decided to maintain her neutral rating on Starbucks, which currently sits at a price target of $84.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay up to date on the latest options trades for Starbucks, Benzinga Pro gives you real-time options trade alerts.

About Mildred B.

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