Starbucks Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Starbucks (NASDAQ:SBUX) with 63% of detected unusual options trades being bearish. The total amount for puts is $1,371,331 and for calls is $351,537. Whales have been targeting a price range of $45 to $140 for Starbucks over the last 3 months.
May 19, 2023 | 7:31 pm
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A whale has taken a bearish stance on Starbucks with 63% of detected unusual options trades being bearish. The total amount for puts is $1,371,331 and for calls is $351,537.
The bearish stance taken by the whale, with a higher amount invested in puts compared to calls, indicates a potential short-term negative impact on Starbucks' stock price. The targeted price range of $45 to $140 also suggests uncertainty in the stock's direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100