Starbucks Unusual Options Activity For May 18
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Starbucks (NASDAQ:SBUX) with a bearish stance. Benzinga's options scanner spotted 11 uncommon options trades, with 36% bullish and 63% bearish sentiment. Whales have been targeting a price range of $85.0 to $110.0 for Starbucks over the last 3 months.
May 18, 2023 | 7:46 pm
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Starbucks has seen unusual options activity with a bearish stance. Whales have targeted a price range of $85.0 to $110.0 over the last 3 months.
The unusual options activity indicates that large investors are taking a bearish stance on Starbucks, which could lead to short-term downward pressure on the stock price. The targeted price range of $85.0 to $110.0 over the last 3 months suggests that these investors expect the stock to trade within this range, potentially limiting upside potential.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100