A Closer Look at Starbucks's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Starbucks (NASDAQ:SBUX) has seen a mix of bullish and bearish sentiment in its options market, with a slight lean towards bearishness. Analysis of unusual trades shows 46% bullish and 53% bearish sentiment, with notable activity in calls and puts within a price window of $75.0 to $100.0. The market's attention is on options with strike prices at $95 and $90, showing varied sentiments. Starbucks's current stock price is $91.67, with analysts setting an average price target of $101.33. Ratings from TD Cowen, JP Morgan, and Citigroup reflect a range of market expectations.
March 20, 2024 | 6:16 pm
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Starbucks's options market shows a bearish tilt despite bullish trades. Analysts have set an average price target of $101.33, with the stock currently at $91.67. The options activity and analyst ratings suggest a cautious but potentially upward outlook for SBUX.
The bearish sentiment in the options market is counterbalanced by bullish analyst ratings and a price target above the current stock price. This suggests that while there's short-term caution, the longer-term outlook remains positive, potentially leading to an upward movement in SBUX's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100