Moderately bullish activity in Starbucks (SBUX), with shares up 38c (+0.45%) near $84.34.Options volume relatively light with 16k contracts traded and calls leading puts for a put/call ratio of 0.73, compared to a typical level near 0.86. Implied volatility (IV30) is higher by 0.6 points near 30.73,and above the 52wk median, suggesting an expected daily move of $1.63. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBUX:
- Strategic Initiatives and Growth Potential Drive Buy Rating for Starbucks
- Starbucks’ Strategic Initiatives and Growth Potential: A Buy Recommendation
- Lone Pine buys Carvana, boosts Intuit in Q1
- Lone Pine buys Capital One, cuts Block in Q1
- Starbucks solicits interest in China business, Bloomberg reports