Starbucks Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Starbucks (NASDAQ:SBUX) has been observed through unusual options activity. The sentiment among these big-money traders is split between 66% bullish and 33% bearish. The whales have been targeting a price range from $75.0 to $105.0 for Starbucks over the last 3 months. The current price of SBUX is down -0.13% at $94.98.
September 08, 2023 | 7:45 pm
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Unusual options activity indicates a significant bullish stance on Starbucks. The sentiment among these traders is 66% bullish and 33% bearish, targeting a price range from $75.0 to $105.0 over the last 3 months.
The unusual options activity, with a significant bullish stance, indicates that big-money traders are expecting the price of Starbucks to increase. This could potentially drive the stock price up in the short term. However, the sentiment is not entirely bullish, with 33% being bearish, indicating some level of uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100