Looking At Starbucks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Starbucks (NASDAQ:SBUX) has seen significant bullish options activity, with 80% of traders showing bullish sentiment. The analysis of options history revealed 10 unusual trades, with a focus on a price window from $60.0 to $95.0. Notable trades include both puts and calls, with a bullish sentiment on puts being particularly interesting. Starbucks operates over 38,000 stores globally and is currently trading at $89.65, down by -2.06%. Analysts have set an average price target of $101.8, with varying ratings from Overweight to Market Perform.
April 02, 2024 | 5:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Starbucks has witnessed unusual bullish options activity, with a significant focus on a price range of $60.0 to $95.0. The stock is currently down by -2.06%, trading at $89.65, with an average analyst price target of $101.8.
The bullish options activity, especially the interest in puts with bullish sentiment, indicates a strong market belief in Starbucks's potential for price recovery and growth. The current dip in price, juxtaposed with the optimistic analyst price targets, suggests a potential short-term rebound. The wide range of analyst ratings, from Overweight to Market Perform, reflects varied expectations but the average target price above the current trading price supports a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100