Bullish option flow detected in Starbucks with 39,790 calls trading, 16x expected, and implied vol increasing over 1 point to 30.53%. 4/6 weekly 106 calls and 4/6 weekly 105 calls are the most active options, with total volume in those strikes near 34,000 contracts. The Put/Call Ratio is 0.15. Earnings are expected on May 2nd.
Published first on TheFly
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