Core Insights - Deep-pocketed investors are showing a bullish sentiment towards Starbucks, indicating potential significant developments ahead [1] - A notable 14 extraordinary options activities for Starbucks were highlighted, with 64% of investors leaning bullish and 28% bearish [2] - The predicted price range for Starbucks over the last three months is between $55.0 and $115.0 [3] Options Activity - The volume and open interest trends for Starbucks options indicate strong investor interest, particularly within the $55.0 to $115.0 strike price range over the past 30 days [4] - The largest observed options trades include bullish call sweeps with significant total trade prices, indicating a positive sentiment among traders [7] Company Overview - Starbucks is the world's largest coffee brand, operating nearly 41,000 cafes in over 80 countries, with 52% being company-operated [7] - The company's revenue is derived from various segments, including North America (74%), international (21%), and channel development (5%) [7] Current Market Position - Current trading volume for Starbucks stands at 4,437,920, with the stock price at $88.14, reflecting a decrease of -0.83% [10] - Analysts have issued ratings for Starbucks, with a consensus target price of $98.0, while Barclays maintains an Overweight rating with a target of $110, and Mizuho holds a Neutral rating with a target of $86 [8][10]
Starbucks Unusual Options Activity For January 12 - Starbucks (NASDAQ:SBUX)