Starbucks Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Starbucks (NASDAQ:SBUX), with 54% of the investors opening trades with bearish expectations. The majority of the spotted trades are puts, totaling $427,944, while calls total $163,890. Whales have been targeting a price range from $90.0 to $102.0 for Starbucks over the last 3 months. The current price of SBUX is down -1.27% at $95.61.
September 06, 2023 | 6:32 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bearish stance taken on Starbucks with majority of trades being puts. Whales targeting price range of $90-$102. Current price down -1.27% at $95.61.
The bearish stance taken by a significant investor, along with the majority of trades being puts, indicates a negative sentiment towards Starbucks. This, coupled with the current price drop, suggests a potential short-term negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100