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Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 40,000 stores across more than 80 countries as of the end of fiscal 2024. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.

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Ventas de acciones por insiders en grandes empresas como Alphabet, Carvana, Apple y Starbucks ¿Qué podrían significar para los inversores?

Insider Trading: Ventas de acciones de Alphabet, Apple, Carvana y Starbucks

Pre-Market Outlook

Descubre por qué insiders de Starbucks, Nike y otras empresas vendieron acciones recientemente. ¿Señal de alarma o movimiento estratégico?

Starbucks, Nike y otras 2 acciones que los insiders están vendiendo

Starbucks Corp

AVGO

LRCX

TRGP

Viking Fund Management 13F Shows Increased Stake In Broadcom From 16,510 To 162,100 Shares; Xcel Energy From 122,400 To 162,400 Shares; Chevron From 58,000 To 70,000 Shares; Starbucks From 87,000 To 105,000 Shares; Lam Research From 4,000 To 10,000 Shares; Pfizer From 286,000 To 344,000 Shares; Targa Resources From 81,000 To 60,000 Shares; Kinder Morgan From 50,000 To 75,000 Shares

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$330.00</td>
<td>$37.0K</td>
<td>12.8K</td>
<td>47.5K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$90.00</td>
<td>$60.8K</td>
<td>7.7K</td>
<td>5.7K</td>
</tr>
<tr>
<td>URBN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$40.00</td>
<td>$49.7K</td>
<td>2.6K</td>
<td>1.4K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$220.00</td>
<td>$58.0K</td>
<td>14.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$150.00</td>
<td>$71.2K</td>
<td>34.1K</td>
<td>610</td>
</tr>
<tr>
<td>PVH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$105.00</td>
<td>$36.4K</td>
<td>226</td>
<td>245</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$5.00</td>
<td>$29.6K</td>
<td>949</td>
<td>203</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$90.00</td>
<td>$85.5K</td>
<td>4.8K</td>
<td>81</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$410.00</td>
<td>$57.8K</td>
<td>323</td>
<td>57</td>
</tr>
<tr>
<td>ABNB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$140.00</td>
<td>$81.1K</td>
<td>134</td>
<td>55</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on November 15, 2024. This event was a transfer of 36 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $1030.0 per contract. There were 12822 open contracts at this strike prior to today, and today 47531 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option sweep with bearish sentiment. It expires in 65 day(s) on January 17, 2025. Parties traded 59 contract(s) at a $90.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $60.8K, with a price of $1037.0 per contract. There were 7716 open contracts at this strike prior to today, and today 5771 contract(s) were bought and sold. 
• Regarding URBN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>), we observe a call option sweep with bearish sentiment. It expires in 16 day(s) on November 29, 2024. Parties traded 216 contract(s) at a $40.00 strike. This particular call needed to be split into 103 different trades to become filled. The total cost received by the writing party (or parties) was $49.7K, with a price of $230.0 per contract. There were 2642 open contracts at this strike prior to today, and today 1487 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be bearish, expiring in 100 day(s) on February 21, 2025. This event was a transfer of 50 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $58.0K, with a price of $1160.0 per contract. There were 14371 open contracts at this strike prior to today, and today 1095 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option sweep with bearish sentiment. It expires in 65 day(s) on January 17, 2025. Parties traded 437 contract(s) at a $150.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $71.2K, with a price of $163.0 per contract. There were 34196 open contracts at this strike prior to today, and today 610 contract(s) were bought and sold. 
• For PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), we notice a put option trade that happens to be bullish, expiring in 128 day(s) on March 21, 2025. This event was a transfer of 40 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $36.4K, with a price of $910.0 per contract. There were 226 open contracts at this strike prior to today, and today 245 contract(s) were bought and sold. 
• Regarding RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we observe a call option sweep with bullish sentiment. It expires in 401 day(s) on December 19, 2025. Parties traded 37 contract(s) at a $5.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $800.0 per contract. There were 949 open contracts at this strike prior to today, and today 203 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bearish sentiment. It expires in 429 day(s) on January 16, 2026. Parties traded 52 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $85.5K, with a price of $1645.0 per contract. There were 4804 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold. 
• For HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we notice a put option trade that happens to be bearish, expiring in 37 day(s) on December 20, 2024. This event was a transfer of 50 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $57.8K, with a price of $1157.0 per contract. There were 323 open contracts at this strike prior to today, and today 57 contract(s) were bought and sold. 
• For ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we notice a call option sweep that happens to be bearish, expiring in 275 day(s) on August 15, 2025. This event was a transfer of 55 contract(s) at a $140.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $81.1K, with a price of $1475.0 per contract. There were 134 open contracts at this strike prior to today, and today 55 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ABNB

AMZN

BABA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

RIVN

TSLA

URBN

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8cb85e9300015f1adb/richard-close">Canaccord Genuity analyst Richard Close</a> downgraded the rating for Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) from Buy to Hold but raised the price target from $40 to $60. Doximity shares closed at $58.05 on Tuesday. <a href="https://www.benzinga.com/quote/DOCS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Ladenburg Thalmann analyst Glenn Mattson downgraded SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) from Buy to Neutral and maintained the price target of $7. SoundHound AI shares closed at $7.56 on Tuesday. <a href="https://www.benzinga.com/quote/SOUN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/60acdb90c878010001d55eee/jonathan-wolleben">Phillip Securities analyst Jonathan Wolleben</a> downgraded the rating for Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) from Buy to Accumulate but raised the price target from $420 to $485. Spotify shares closed at $419.39 on Tuesday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic analyst Edward Lewis downgraded Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from Neutral to Sell and lowered the price target from $84 to $77. Starbucks shares closed at $98.80 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst David Raso downgraded the rating for Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) from In-Line to Underperform but increased the price target from $321 to $365. Caterpillar shares closed at $393.01 on Tuesday. <a href="https://www.benzinga.com/quote/CAT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler boosted the price target for Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) from $67 to $94. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. Shopify shares closed at $108.92 on Tuesday. <a href="https://www.benzinga.com/quote/SHOP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut the price target for Heron Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTX#NASDAQ">HRTX</a>) from $5 to $4. Needham analyst Serge Belanger maintained a Buy rating. Heron Therapeutics shares closed at $1.28 on Tuesday. <a href="https://www.benzinga.com/quote/HRTX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs raised Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) price target from $132 to $148. Goldman Sachs analyst Stephen Laszczyk maintained a Buy rating. Live Nation shares settled at $129.67 on Tuesday. <a href="https://www.benzinga.com/quote/LYV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Shift4 Payments, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) price target from $93 to $120. Piper Sandler analyst Clarke Jeffries maintained an Overweight rating. Shift4 Payments shares closed at $99.12 on Tuesday. <a href="https://www.benzinga.com/quote/FOUR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Phillip Securities boosted Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) price target from $420 to $485. Phillip Securities analyst Jonathan Wolleben downgraded the stock from Buy to Accumulate. Spotify shares closed at $419.39 on Tuesday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic cut Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) price target from $84 to $77. Redburn Atlantic analyst Edward Lewis downgraded the stock from Neutral to Sell. Starbucks shares closed at $98.80 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. increased the price target for MAG Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAG#NYSE">MAG</a>) from $18 to $20. HC Wainwright &amp; Co. analyst Heiko Ihle maintained a Buy rating. MAG Silver shares settled at $15.22 on Tuesday. <a href="https://www.benzinga.com/quote/MAG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group boosted Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) price target from $321 to $365. Evercore ISI Group analyst David Raso downgraded the stock from In-Line to Underperform. Caterpillar shares closed at $393.01 on Tuesday. <a href="https://www.benzinga.com/quote/CAT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird raised the price target for Natera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>) from $120 to $160. Baird analyst Catherine Ramsey maintained an Outperform rating. Natera shares closed at $135.12 on Tuesday. <a href="https://www.benzinga.com/quote/NTRA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham increased Dayforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>) price target from $82 to $95. Needham analyst Scott Berg maintained a Buy rating. Dayforce shares closed at $78.96 on Tuesday. <a href="https://www.benzinga.com/quote/DAY/analyst-ratings">See how other analysts view this stock</a>.</li>
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Price Target

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NTRA

SHOP

Starbucks To $77? Here Are 10 Top Analyst Forecasts For Wednesday

Redburn Atlantic analyst Edward Lewis downgrades Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from Neutral to Sell and lowers the price target from $84 to $77.

Redburn Atlantic Downgrades Starbucks to Sell, Lowers Price Target to $77

<a href="https://about.doordash.com/en-us/news/starbucks-app-gets-delivery-boost-from-doordash">https://about.doordash.com/en-us/news/starbucks-app-gets-delivery-boost-from-doordash</a>
As of November 11, customers in the United States and Canada (excluding Quebec) can use the Starbucks app to order delivery, powered by DoorDash. Delivery within the Starbucks app offers convenient and seamless delivery to Starbucks customers virtually wherever they are, building on previous partnership news made in <a href="https://about.starbucks.com/press/2023/starbucks-and-doordash-set-to-expand-delivery-partnership-nationwide/">January</a> and <a href="https://stories.starbucks.ca/en-ca/stories/2023/starbucks-and-doordash-launch-delivery-partnership-in-canada/">March</a> of 2023, bringing Starbucks to DoorDash's leading marketplace of consumers in the US and Canada. With this, Starbucks customers can now order delivery from both the Starbucks and DoorDash apps.

DASH

Starbucks App Gets Delivery Boost From DoorDash; Starbucks App Launches Delivery, Powered By DoorDash, Across The U.S. And Canada

Chipotle Mexican Grill Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) officially named Scott Boatwright as its permanent CEO, months after Brian Niccol's <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40376234/chipotle-ceo-brian-niccol-jumps-ship-to-starbucks-6-analysts-weigh-implications-und">exit to Starbucks Corp</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).
Boatwright, who joined Chipotle in 2017 and has served as interim CEO since August, is now tasked with taking the burrito giant to new heights, <a href="https://www.cnbc.com/2024/11/11/chipotle-mexican-grill-names-scott-boatwright-as-permanent-ceo.html">reported</a> CNBC. 
Known for his role in helping the company recover after the 2015 E. coli crisis, Boatwright is a familiar face with a proven track record.
<h1 class="wp-block-heading">Big Plans Ahead For Chipotle</h1>
Boatwright's vision for Chipotle is clear: transform the company into a "global lifestyle brand" and ramp up expansion with a target of 7,000 restaurants across North America. 
Under Boatwright's leadership, Chipotle has made strides in integrating new technology to improve customer experience and streamline operations. These innovations, coupled with his focus on operational efficiency, could help Chipotle stay competitive in the fast-casual industry, which is increasingly driven by tech.
As the company faces challenges such as weak consumer demand and higher menu prices, Boatwright's leadership will be crucial in navigating these hurdles while striving to grow Chipotle's footprint.
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<h1 class="wp-block-heading">Bullish Signals On The Horizon For Chipotle Stock Investors</h1>
Investors are reacting positively to Boatwright's permanent appointment. After a rocky period following Niccol's departure, Chipotle's stock has bounced back with a 14% rise, signaling that the company's recovery is on track.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="627" height="452" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12104332/Screenshot-2024-11-12-at-8.15.20-PM.png" alt="" class="wp-image-643172" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12104332/Screenshot-2024-11-12-at-8.15.20-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12104332/Screenshot-2024-11-12-at-8.15.20-PM-300x216.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></figure>
Chipotle's stock is on an upward trajectory. Trading at $60.48, Chipotle stock is trading way above its eight-, 20- and 50-day simple moving averages, with bullish signals across multiple timeframes.
This suggests that Chipotle is in a strong bullish trend, which could continue if the company executes its growth strategy.
<h1 class="wp-block-heading">Bill Ackman&#8217;s Bet On Chipotle</h1>
Bill Ackman's Pershing Square Capital remains a big believer in Chipotle, with the stock commanding nearly <a href="https://whalewisdom.com/filer/pershing-square-capital-management-l-p">17%</a> of its portfolio.
Ackman's backing signals confidence in Boatwright's leadership and Chipotle's potential for future growth, making the company an attractive stock for those looking for long-term upside.
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Photo: Shutterstock

Long Ideas

Technicals

Restaurants

Management

General

Chipotle's New Boss: Can CEO Scott Boatwright Spice Up CMG?

WIIM

Starbucks shares are trading higher. TD Cowen reiterated a Buy rating on the stock.

TD Cowen analyst Andrew Charles reiterates Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) with a Buy and maintains $110 price target.

Reiteration

TD Cowen Reiterates Buy on Starbucks, Maintains $110 Price Target

Whales with a lot of money to spend have taken a noticeably bearish stance on Starbucks.
Looking at options history for Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $773,680 and 5, calls, for a total amount of $488,485.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $110.0 for Starbucks during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Starbucks's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Starbucks's whale trades within a strike price range from $75.0 to $110.0 in the last 30 days. 
<h3>Starbucks Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730830563_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.43</td>
<td>$2.38</td>
<td>$2.42</td>
<td>$92.50</td>
<td>$363.0K</td>
<td>7.7K</td>
<td style="text-align: right;">26</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.4</td>
<td>$6.15</td>
<td>$6.25</td>
<td>$85.00</td>
<td>$343.7K</td>
<td>1.8K</td>
<td style="text-align: right;">553</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.25</td>
<td>$3.15</td>
<td>$3.15</td>
<td>$100.00</td>
<td>$299.2K</td>
<td>11.5K</td>
<td style="text-align: right;">970</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$12.1</td>
<td>$11.95</td>
<td>$11.95</td>
<td>$100.00</td>
<td>$78.8K</td>
<td>7.2K</td>
<td style="text-align: right;">66</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$3.5</td>
<td>$3.45</td>
<td>$3.45</td>
<td>$95.00</td>
<td>$66.9K</td>
<td>14.9K</td>
<td style="text-align: right;">274</td>
</tr>
</tbody>
</table>

<h3>About Starbucks</h3>
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 40,000 stores across more than 80 countries as of the end of fiscal 2024. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
In light of the recent options history for Starbucks, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Starbucks's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 2,559,055, the SBUX's price is down by -0.16%, now at $96.87. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 84 days.</li>
</ul>
<h3>What The Experts Say On Starbucks</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $107.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Starbucks with a target price of $99. 
&#x2A; Consistent in their evaluation, an analyst from Wedbush keeps a Neutral rating on Starbucks with a target price of $95. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on Starbucks, maintaining a target price of $117. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Starbucks with a target price of $115. 
&#x2A; An analyst from Stifel persists with their Buy rating on Starbucks, maintaining a target price of $110. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Starbucks, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Check Out What Whales Are Doing With SBUX

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/11/04/final-trades-starbucks-freeport-mcmoran-constellation-energy-and-the-xlu.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management said he is keeping an eye on Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>). The stock is expected to make another run at $100, he added.
On Oct. 30, Starbucks reported weaker-than-expected fourth-quarter results. The company posted quarterly earnings of 80 cents per share which missed the analyst consensus estimate of $1.03 per share. The company reported quarterly sales of $9.074 billion which missed the analyst consensus <a href="https://www.benzinga.com/news/earnings/24/10/41634203/starbucks-likely-to-report-lower-quarterly-earnings-these-most-accurate-analysts-revise-forecasts-a">estimate of $9.375 billion.</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Shannon Saccocia of NB Private Wealth named The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) as <a href="https://www.benzinga.com/quote/XLU">her final trade.</a>
Sarat Sethi of DCLA named Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) as his final trade.
On Oct. 22, Freeport-McMoRan reported third-quarter FY24 results. Revenue stood at $6.79 billion, beating the consensus of $6.47 billion. Copper sales totaled 1.0 billion pounds, down 7% Y/Y and 2% above the July 2024 estimate, due to the timing of shipments and lower ore grades and operating rates in North America.
Joseph M. Terranova of Virtus Investment Partners picked Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), which pulled back on Monday.
On Nov. 4, Constellation Energy reported third-quarter results and revised its FY24 adjusted EPS guidance, which is below estimates.
Price Action:
<ul>
<li>The Utilities Select Sector SPDR Fund fell 1.2% during Monday's session.</li>
<li>Starbucks shares fell 1.9% to settle at $97.03 during Monday's session.</li>
<li>Freeport-McMoRan shares gained 1.5% to close at $46.27 on Monday.</li>
<li>Constellation Energy shares fell 12.5% to settle at $225.95 on Monday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41713185/top-4-tech-and-telecom-stocks-that-may-collapse-this-month">Top 4 Tech And Telecom Stocks That May Collapse This Month</a></li>
</ul>
Image: Shutterstock

Media

Starbucks, Freeport-McMoRan, Constellation Energy And More On CNBC's 'Final Trades'

Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) has outperformed the market over the past 20 years by 2.02% on an annualized basis producing an average annual return of 10.22%. Currently, Starbucks has a market capitalization of $109.98 billion. 
Buying $100 In SBUX: If an investor had bought $100 of SBUX stock 20 years ago, it would be worth $701.97 today based on a price of $97.05 for SBUX at the time of writing.
<h3>Starbucks's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730755820_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Starbucks 20 Years Ago Would Be Worth This Much Today

CNBC Halftime Report Final Trades: Starbucks, Freeport-McMoRan, Constellation Energy, SPDR Select Sector Fund - Utilities

<h4>Key Takeaways:</h4>
<ul>
<li>Luckin Coffee plans to expand to the U.S. and other markets following its first offshore move into Singapore, as competition remains stiff and demand weakens at home</li>
<li>The budget coffee chain&rsquo;s quarterly revenue exceeded 10 billion yuan for the first time in the three months to September, up 41% year-on-year</li>
</ul>
By Xiao Lin
&ldquo;Going out&rdquo; was and remains a mantra for Chinese businesses in search of new growth opportunities and relief from fierce competition at home. But the latter part of that equation, going out to escape competition, is quickly becoming yesterday&rsquo;s story as Chinese companies increasingly encounter their domestic rivals in overseas markets as well.
First it was smartphone makers, then bubble tea and electric vehicle makers. Now, coffee is shaping up as the next overseas battlefield for two of China&rsquo;s most aggressive chains,&nbsp;Luckin Coffee Inc.&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/lkncy#OTC">LKNCY</a>) and&nbsp;Cotti Coffee, its clone of sorts that was founded by Luckin&rsquo;s original founding duo after being booted from Luckin due to an accounting scandal.
Cotti has ignited a relentless price war in China by selling most of its brews for just 9.9 yuan per cup, or about $1.26, prompting Luckin to join in with its own drinks at that price point. The resulting coffee war has hurt not only Luckin, but just about everyone else on China&rsquo;s vibrant coffee scene, including global giant&nbsp;Starbucks&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>).
Despite losses from its first overseas exploration in Singapore, where it opened its first non-China location last year, Luckin said it is exploring opportunities in the U.S. and other markets, according to its&nbsp;<a href="https://www.globenewswire.com/news-release/2024/10/30/2971569/0/en/Luckin-Coffee-Inc-Announces-Third-Quarter-2024-Financial-Results.html">latest quarterly results</a>&nbsp;announced last week. That came as it also reported strong revenue growth on aggressive new store openings, and as its margins stabilized more than a year into the price wars that have plagued the sector.
&ldquo;The international market is full of opportunity, but it also presents significant challenges,&rdquo; said Chairman and CEO Guo Jinyi on the company&rsquo;s earnings call. He didn&rsquo;t elaborate, but the Financial Times reported that Luckin could launch its first U.S. store as early as next year, targeting cities with large numbers of Chinese students and tourists such as New York. It will offer coffees priced around $2 or $3, throwing down the gauntlet to Starbucks and other chains that typically charge much more. The company is also reportedly planning to enter Hong Kong with the opening of two new stores in the city, according to local media reports.
The U.S. move would also mark a homecoming of sorts for Luckin, since the company was booted from the Nasdaq and fined $180 million after its accounting scandal in 2020 involving 2.2 billion yuan ($310 million) in fabricated sales.
Nearly five years later, Luckin appears to have emerged stronger under its new management. It has overtaken Starbucks to become the largest coffee chain in China. But it remains haunted by its two co-founders, Lu Zhengyao and Jenny Qian, who have cloned the company&rsquo;s strategies even more aggressively at Coffi.
Chinese startups are no strangers to price wars, using the cash-burning strategy since the early 2010s to rapidly expand, creating tech giants like DiDi Global and PDD Holdings. Luckin, which rose to prominence on its low prices, is now getting a taste of its own medicine from Cotti. Its younger rival started its 9.9 yuan pricing strategy early last year only a few months after launching its first store in the city of Fuzhou in South China&rsquo;s Fujian province, forcing Luckin to follow suit.
<h4>Lightning expansion</h4>
Cotti has opened new stores at a lightning pace since then,&nbsp;<a href="https://thebambooworks.com/cotti-splashes-past-10000-store-milestone-fueled-by-relentless-price-war/">including its 10,000th</a>last month, with plans to add another 40,000 more by the end of next year. Cotti has employed the kinds of aggressive tactics that got Luckin to where it is, including rewarding franchisees for opening stores close to Luckin&rsquo;s, according to multiple media reports.
The fierce price wars are squeezing Luckin&rsquo;s profitability and especially its same-store sales, though its latest report showed some signs of relief from the price wars.
Luckin&rsquo;s latest quarterly revenues totaled 10.2 billion yuan ($1.4 billion), exceeding the 10 billion yuan mark for the first time in the three months to September, up 41.4% year-on-year. While impressive, the growth lagged the company&rsquo;s store expansion over the same period, which rose 61% to 21,343 outlets.
Luckin&rsquo;s operating expenses also remained high due to the rapid pace of new store openings, at 84.7% of total revenue. These expenses grew 38.2% from the same period last year, roughly in line with its revenue growth.
The impact of the price wars and rapid expansion were most evident in the company&rsquo;s same-store sales, which fell 13.1% in the third quarter. While that looks bad, it was actually an improvement from the last two quarters, which both saw drops of over 20%. Same-store sales grew 19.9% in the same period last year.
Starbucks&rsquo; same-store sales in China also suffered, dropping 14% in its latest quarter through September.
In a positive sign, Luckin&rsquo;s store-level margins showed signs of stabilizing in the third quarter, and its operating margin even improved to 15.3% for the period from 13.4% a year earlier. That helped the company to report net income of 1.3 billion yuan for the quarter, up from 988 million yuan a year earlier.
Following its publication of the results, Luckin&rsquo;s shares, which are still traded over-the-counter in New York, rallied for two days before giving back some of their gains on Friday. Despite a recent bull run for Chinese stocks, Luckin is still down about 25% over the last year. The company&rsquo;s stock trades at a price-to-earnings (P/E) ratio of 24, behind the 30 for Starbucks but ahead of the 22 for fast food operator&nbsp;Yum China&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yumc#NYSE">YUMC</a>), which is also expanding aggressively into the coffee space.
Luckin&rsquo;s overseas foray dates back to March 2023 when it opened its first two stores in Singapore. Cotti showed up in the market just nine months later, offering coffee at its first Singaporean store for about S$3.99 ($3) per cup, roughly 20% less than Luckin&rsquo;s average price of S$5, according to media reports.
Luckin said that it had opened 45 stores in Singapore by the end of the third quarter and recorded a loss of about 76.3 million yuan there for the first nine months of this year.
Cotti beat Luckin to the U.S. by opening its first store in Hawaii last year and a second one in Los Angeles early this year, offering Americanos for $2.99.
Luckin said it is not expecting near-term profitability from its international push and will instead aim to reach significant scale first, following its China strategy. Recognizing the stiff competition it will meet in the U.S. from established players, the company said, &ldquo;we intend to approach our expansion strategy there with careful consideration and a disciplined execution plan.&rdquo;
&ldquo;It indeed requires patience, time and continuous investment,&rdquo; said Chairman Guo.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Asia

LKNCY

YUMC

Locked In Overheated Battle With Its Clone At Home, Luckin Eyes Expansion In U.S.

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
Major U.S. indexes saw a volatile close to the week, with the S&amp;P 500 and Nasdaq each down over 1%, largely influenced by recent earnings impacts from tech heavyweights like Microsoft and Meta Platforms. The Dow also edged lower by 0.2%, reflecting broader market apprehension following an October close that ended a five-month run of gains.
The CBOE Volatility Index (VIX) spiked 34% in October—its third-highest increase for that month in an election year—indicating heightened market caution. 
Adding to this outlook, October's nonfarm payroll numbers reported only 12,000 new jobs, which has strengthened expectations for a Fed rate cut in the coming weeks. Markets largely predict <a href="https://www.benzinga.com/news/earnings/24/11/41696201/market-volatility-soars-ahead-of-elections-tech-earnings-mixed-strikes-and-hurricanes-knock-employm">another reduction by year-end.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil">Michael Saylor Says Bitcoin Remedy To Fix Unhealthy Balance Sheets As MicroStrategy Unveils Massive $42B BTC Purchase Plan</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, reveals MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) CEO Michael Saylor&#8216;s argument that Bitcoin can stabilize corporate finances, announcing a $42 billion initiative to expand its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings, which currently total 252,220 BTC, valued at $18.23 billion.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41596454/tesla-bull-says-elon-musk-led-ev-giant-is-no-longer-seen-as-an-auto-company-by-inve">Tesla Bull Says Elon Musk-Led EV Giant Is No Longer Seen As An Auto Company By Investors, Explains Why Its Stock Trades At A Hefty Premium To Legacy Rivals</a>,&#8221; by <a href="https://www.benzinga.com/author/anan-ashraf">Anan Ashraf</a>, shares insights from Gary Black of The Future Fund, who argues that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) commands a premium valuation as investors increasingly view it as a tech company due to its growth in EVs and autonomous driving.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41633360/dogecoins-rally-has-just-begun-for-this-cycle-predicts-trader-who-foresees-parabolic-surge">Dogecoin&#8217;s Rally &#8216;Has Just Begun For This Cycle,&#8217; Predicts Trader Who Foresees Parabolic Surge In November</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, features a trader&#8217;s analysis that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) could surge in November, fueled by patterns from prior post-halving cycles, with a breakout above 20 cents as a key target. 
&#8220;<a href="https://www.benzinga.com/general/politics/24/10/41630878/djt-short-squeeze-could-push-stock-to-60-if-trump-wins-but-analysis-says-loss-could-make-shares-">DJT Short Squeeze Could Push Stock To $60 If Trump Wins, But Analysis Says Loss Could Make Shares &#8216;Worthless&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, explains that Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares are poised for volatility amid Election Day, with S3 Partners noting that a Trump victory could trigger a short squeeze pushing prices to $60, while a loss might render shares worthless.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/general/entertainment/24/10/41616337/google-bought-youtube-for-1-65b-and-now-it-prints-50b-in-revenue-just-in-1-year-sundar-pich">Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year — Sundar Pichai Says Alphabet &#8216;Leaning Into The Living Room Experience&#8217;</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41605605/gold-hits-record-highs-defies-market-gravity-why-the-precious-metal-is-decoupling-f">Gold Hits Record Highs, Defies Market Gravity: Why The Precious Metal Is Decoupling From Treasury Yields</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41633360/dogecoins-rally-has-just-begun-for-this-cycle-predicts-trader-who-foresees-parabolic-surge">Dogecoin&#8217;s Rally &#8216;Has Just Begun For This Cycle,&#8217; Predicts Trader Who Foresees Parabolic Surge In November</a>
The Bears
&#8220;<a href="https://www.benzinga.com/government/24/10/41604100/trump-goes-after-taiwan-semiconductor-on-joe-rogan-podcast">Trump Goes After Taiwan Semiconductor On Joe Rogan Podcast</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, covers Donald Trump&#8216;s critique of Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) on the Joe Rogan podcast, accusing Taiwan of undermining U.S. chip production and promising tariffs if elected.
&#8220;<a href="https://www.benzinga.com/news/24/10/41616230/sundar-pichai-admits-doj-proposals-could-have-unintended-consequences-google-mapping-out-plan-b-in-c">Sundar Pichai Admits DOJ Proposals Could Have &#8216;Unintended Consequences&#8217; — Google Mapping Out Plan B In Case Apple Ends Search Deal</a>,&#8221; by <a href="https://www.benzinga.com/author/ananya-gairola">Ananya Gairola</a>, reports Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) CEO Sundar Pichai's concerns over DOJ antitrust proposals potentially destabilizing the tech industry, while hinting at contingency plans if Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) ends its search partnership.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41661361/super-micro-analyst-suspends-rating-over-governance-accounting-issues">Super Micro Analyst Suspends Rating Over Governance, Accounting Issues</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, details a Rosenblatt analyst&#8217;s decision to suspend his rating for Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) after Ernst &amp; Young resigned as its auditor due to governance and transparency issues.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/news/24/10/41619340/blackrocks-larry-fink-warns-against-overly-optimistic-fed-rate-cuts-cites-high-embedded-inflation-an">BlackRock&#8217;s Larry Fink Warns Against Overly Optimistic Fed Rate Cuts, Cites High &#8216;Embedded Inflation&#8217; And Predicts Only 1 Reduction This Year</a>
<a href="https://www.benzinga.com/news/24/10/41616573/ipod-co-creator-tony-fadell-dismisses-chatgpt-type-llms-saying-were-trying-to-make-science-fiction-h">iPod Co-Creator Tony Fadell Dismisses ChatGPT Type LLMs Saying &#8216;We&#8217;re Trying To Make Science Fiction Happen&#8217; — Bashes Silicon Valley&#8217;s Entitlement</a>
<a href="https://www.benzinga.com/markets/asia/24/10/41593032/starbucks-chinese-rival-luckin-coffee-plans-us-comeback-with-2-drinks-after-fraud-scandal-that-led-t">Starbucks&#8217; Chinese Rival Luckin Coffee Plans US Comeback With $2 Drinks After Fraud Scandal That Led To Its Nasdaq Delisting: Report</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
Image created using artificial intelligence via Midjourney.

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$BTC

$DOGE

MSTR

SMCI

Benzinga Bulls And Bears: Tesla, Alphabet, Trump Media, Super Micro — Trader Predicts Dogecoin Rally Above 20 Cents In November

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$120.00</td>
<td>$197.0K</td>
<td>29.0K</td>
<td>4.6K</td>
</tr>
<tr>
<td>MAR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$245.00</td>
<td>$70.0K</td>
<td>7</td>
<td>1.0K</td>
</tr>
<tr>
<td>XPEV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$13.00</td>
<td>$28.2K</td>
<td>155</td>
<td>402</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$120.00</td>
<td>$26.5K</td>
<td>15.6K</td>
<td>331</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$49.3K</td>
<td>8.0K</td>
<td>305</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$330.00</td>
<td>$36.9K</td>
<td>809</td>
<td>264</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$78.00</td>
<td>$516.0K</td>
<td>434</td>
<td>258</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$40.00</td>
<td>$57.2K</td>
<td>242</td>
<td>220</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$110.00</td>
<td>$57.6K</td>
<td>1.1K</td>
<td>102</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$61.4K</td>
<td>181</td>
<td>64</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 77 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $197.0K, with a price of $197.0 per contract. There were 29019 open contracts at this strike prior to today, and today 4648 contract(s) were bought and sold. 
• Regarding MAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), we observe a put option trade with bullish sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 350 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $200.0 per contract. There were 7 open contracts at this strike prior to today, and today 1003 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 196 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $144.0 per contract. There were 155 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option sweep with neutral sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 58 contract(s) at a $120.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $457.0 per contract. There were 15667 open contracts at this strike prior to today, and today 331 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option sweep with bearish sentiment. It expires in 77 day(s) on January 17, 2025. Parties traded 79 contract(s) at a $35.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $49.3K, with a price of $625.0 per contract. There were 8095 open contracts at this strike prior to today, and today 305 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option sweep with bullish sentiment. It expires in 77 day(s) on January 17, 2025. Parties traded 15 contract(s) at a $330.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.9K, with a price of $2469.0 per contract. There were 809 open contracts at this strike prior to today, and today 264 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option sweep that happens to be bullish, expiring in 441 day(s) on January 16, 2026. This event was a transfer of 258 contract(s) at a $78.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $516.0K, with a price of $2000.0 per contract. There were 434 open contracts at this strike prior to today, and today 258 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a call option trade with bearish sentiment. It expires in 112 day(s) on February 21, 2025. Parties traded 97 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $57.2K, with a price of $590.0 per contract. There were 242 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bearish sentiment. It expires in 441 day(s) on January 16, 2026. Parties traded 63 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $57.6K, with a price of $915.0 per contract. There were 1155 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• For LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we notice a put option trade that happens to be neutral, expiring in 77 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $61.4K, with a price of $3070.0 per contract. There were 181 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LULU

XPEV

Citigroup analyst Jon Tower maintains Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) with a Neutral and raises the price target from $96 to $99.

Citigroup Maintains Neutral on Starbucks, Raises Price Target to $99

Wedbush analyst Nick Setyan maintains Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) with a Neutral and lowers the price target from $98 to $95.

Wedbush Maintains Neutral on Starbucks, Lowers Price Target to $95

Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) shares <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">are trading marginally higher on Thursday.</a>
Yesterday, the company reported fourth-quarter revenues of &nbsp;$9.07 billion versus&nbsp;estimates of $9.38 billion. Comparable store sales declined 7% globally, driven by an&nbsp;8%&nbsp;decline in comparable transactions, partially offset by a&nbsp;2%&nbsp;increase in average ticket.
Wedbush analyst Nick Setyan reiterated the Neutral rating on the stock, <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">lowering the price forecast to $95 from $98.</a>
According to the analyst, the firm&#8217;s current valuation reflects limited visibility for near-term revenue and earnings. However, there is confidence in management&#8217;s potential for long-term annual operating margin expansion and EPS growth aligned with historical rates.
According to the analyst, CEO Niccol identified a key issue for SBUX: improving customer wait times to under four minutes across all ordering methods to enhance these speeds while also providing a great coffeehouse experience.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41638437/brian-niccol-confident-customers-will-come-back-to-starbucks-as-company-shifts-strategy-under-new-c" rel="noreferrer noopener">Brian Niccol Confident&#8217; Customers Will Come Back&#8217; To Starbucks As Company Shifts Strategy Under New CEO: Q4 Earnings</a>
The analyst notes that the company will eliminate the upcharge for alternative dairy products, impacting comp and operating margins by about 1% in the U.S.
Additionally, promotional efforts will shift from offers to marketing, with expected lower unit growth in FY25 and upcoming remodels to address current challenges.
The analyst&#8217;s FY25 U.S. SSS growth estimate is 0.0%, and the International SSS growth estimate is (4.8%).
Setyan lowered the FY25 EPS estimate to $2.88 from $3.35. The analyst did not introduce FY26 estimates, given the lack of visibility.
TD Cowen analyst Andrew M. Charles reiterated the Buy rating on the stock, with a price forecast of $110.
The analyst notes that achieving wait times of under 4 minutes will need customized solutions.
While no long-term guidance was provided, the analyst argues that the strategy should achieve durable North America same-store sales growth of over 5%, which is necessary to improve domestic margins.
The analyst highlights that the company is mapping out a food &amp; beverage SKU rationalization.
Per Charles, the focus on simplification &amp; thru-put delays the timeline for material menu innovation as Niccol enhances Starbucks&#8217; stage gate process. The analyst lowered the 2025 EPS estimate to $3.06 from $3.98.
Price Action: SBUX shares are trading higher by 0.32% to $97.63 at last check Thursday.
Photo by Manu Padilla on Shutterstock
Related Link:
<ul>
<li> <a href="https://www.benzinga.com/markets/equities/24/10/41621039/starbucks-pulls-the-plug-on-howard-schultzs-brainchild-olive-oil-infused-drinks-as-new-ceo-brian" target="_blank" rel="noreferrer noopener">Starbucks Pulls The Plug On Howard Schultz&#8217;s Brainchild Olive Oil-Infused Drinks As New CEO Brian Niccol Pushes To Simplify Coffee Giant&#8217;s Menu</a></li>
</ul>

Analyst Color

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Screenshot 2024-03-11 at 5.32.47 PM

Emerging Markets

Movers & Shakers

Tech

What&#39;s Next For AI? Artly Uses AI To Offer Trainable Robot Baristas With Proprietary Imitation Learning Tech And Large Language Models

Screenshot 2024-03-04 at 6.47.53 PM

The Search For A Quality Cup Of Coffee At An Affordable Price May Be Over Thanks To Artly And Its Robotic Baristas

Press Releases

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Starbucks

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Starbucks Corporation - SBUX

Legal

SBUX DEADLINE: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Starbucks Corporation Investors to Secure Counsel Before Important October 28 Deadline in Securities Class Action – SBUX

Contact The Gross Law Firm by October 28, 2024 Deadline to Join Class Action Against Starbucks Corporation (SBUX)

SBUX Investors Have Opportunity to Lead Starbucks Corporation Securities Fraud Lawsuit with the Schall Law Firm

SBUX SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Starbucks Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

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