Starbucks Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
The article discusses the bearish sentiment among large investors towards Starbucks (NASDAQ:SBUX) based on recent options trading activity. A significant portion of the trades are puts, indicating expectations of a price decline. The targeted price range is $90 to $100, with the current stock price at $93.94. The stock is considered overbought according to RSI readings.
September 03, 2024 | 4:01 pm
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Starbucks is experiencing bearish sentiment from large investors, with 66% of recent options trades being puts. The stock is currently trading at $93.94, with a targeted price range of $90 to $100. RSI readings suggest the stock may be overbought.
The majority of options trades are puts, indicating a bearish outlook from investors. The current stock price is within the targeted range, but the RSI suggests it may be overbought, potentially leading to a price decline.
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