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Starbucks call volume above normal and directionally bullish

Bullish option flow detected in Starbucks with 22,178 calls trading, 1.1x expected, and implied vol increasing over 1 point to 26.29%. 9/13 weekly 97 calls and Oct-24 100 calls are the most active options, with total volume in those strikes near 13,600 contracts. The Put/Call Ratio is 0.64. Earnings are expected on October 31st.

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