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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue