Starbucks Unusual Options Activity For May 26
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Starbucks (NASDAQ:SBUX) with 80% of detected unusual options trades being bullish and 20% bearish. The total amount for 8 puts is $530,143, and for 2 calls, it's $64,409. Whales have been targeting a price range of $85 to $110 for Starbucks over the last 3 months.
May 26, 2023 | 7:33 pm
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A whale investor has taken a bullish stance on Starbucks with 80% of detected unusual options trades being bullish. Whales have been targeting a price range of $85 to $110 for Starbucks over the last 3 months.
The whale investor's bullish stance on Starbucks, with 80% of detected unusual options trades being bullish, indicates a positive sentiment towards the stock. This could lead to increased demand for the stock and potentially drive the price higher in the short term. Additionally, the targeted price range of $85 to $110 by whales over the last 3 months suggests that they expect the stock to perform well.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100