Starbucks Unusual Options Activity For September 13
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Starbucks (NASDAQ:SBUX) has been observed through unusual options activity. The sentiment among big-money traders is split between 45% bullish and 54% bearish. The majority of the options uncovered are puts, with a total amount of $777,664, and there was 1 call, for a total amount of $50,507. Whales have been targeting a price range from $75.0 to $100.0 for Starbucks over the last 3 months.
September 13, 2023 | 4:16 pm
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Unusual options activity indicates a bearish sentiment towards Starbucks. The majority of the options are puts, suggesting a potential decrease in the stock price.
The unusual options activity, with a majority of puts, suggests that traders are expecting the price of Starbucks' stock to decrease. This bearish sentiment could potentially lead to a short-term decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100