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Starbucks call volume above normal and directionally bullish
The Fly

Starbucks call volume above normal and directionally bullish

Bullish option flow detected in Starbucks with 29,518 calls trading, 1.1x expected, and implied vol increasing almost 8 points to 26.38%. 4/5 weekly 94 calls and 4/5 weekly 92 calls are the most active options, with total volume in those strikes near 7,400 contracts. The Put/Call Ratio is 0.33. Earnings are expected on April 30th.

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