Looking At Starbucks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Starbucks (NASDAQ:SBUX), indicating a bullish stance by a large investor or institution. The activity includes 10 uncommon options trades, split 50% bullish and 50% bearish. The trades include 8 puts totaling $648,917 and 2 calls totaling $98,083. The targeted price range for Starbucks over the last 3 months has been $75.0 to $115.0. Several financial institutions have maintained or downgraded their ratings on Starbucks, with price targets ranging from $105 to $123.
August 22, 2023 | 4:01 pm
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Starbucks has seen significant unusual options activity, indicating potential bullish sentiment by a large investor or institution. This could lead to increased volatility in the stock's price in the short term.
The unusual options activity, split between bullish and bearish sentiment, indicates that large investors are taking significant positions in Starbucks. This could lead to increased volatility in the stock's price as these positions are executed. Additionally, the various analyst ratings and price targets suggest differing views on the company's future performance, which could also contribute to price volatility.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100