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.
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