SBUX options flow: unusual options activity in Starbucks Corp.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 93 unusual options prints in Starbucks Corp. (SBUX), $7.1M of tracked premium, leaning firmly bearish. Bullish premium was $2.1M against $4.6M bearish; $6.0M went into calls and $1.1M into puts, a put call ratio of 0.18. The largest print was $1.7M of SBUX 15 Jan 2027 $100 calls on 23 September 2026, executed at bid. The last session with prints, 25 September 2026, added 14 prints and $597K of premium. SBUX closed at $94.86 on 25 September 2026, up 1.3%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 23 Sep 2026 | SBUX 15 Jan 2027 $100 calls | Trade | 4,000 | 4,993 | $1.7M | At bid | Bearish | Whale |
| 24 Sep 2026 | SBUX 17 Jun 2027 $105 calls | Trade | 1,240 | 296 | $701K | At ask | Bullish | High conviction |
| 23 Sep 2026 | SBUX 15 Jan 2027 $100 calls | Trade | 1,000 | 4,993 | $428K | At bid | Bearish | Notable |
| 21 Sep 2026 | SBUX 21 Jan 2028 $60 calls | Trade | 50 | 266 | $187K | At bid | Bearish | |
| 23 Sep 2026 | SBUX 21 Jan 2028 $60 calls | Trade | 50 | 367 | $181K | At bid | Bearish | Notable |
| 22 Sep 2026 | SBUX 20 Nov 2026 $85 calls | Sweep | 101 | 129 | $121K | Below bid | Bearish | High conviction |
| 23 Sep 2026 | SBUX 25 Sep 2026 $96 puts | Sweep | 460 | 955 | $117K | At ask | Bearish | High conviction |
| 24 Sep 2026 | SBUX 21 Jan 2028 $60 calls | Sweep | 30 | 406 | $109K | At ask | Bullish | High conviction |
| 23 Sep 2026 | SBUX 20 Nov 2026 $95 calls | Sweep | 220 | 881 | $102K | At bid | Bearish | Notable |
| 21 Sep 2026 | SBUX 21 Jan 2028 $95 calls | Sweep | 70 | 3,746 | $101K | At ask | Bullish | Notable |
| 23 Sep 2026 | SBUX 16 Oct 2026 $92 puts | Sweep | 548 | 221 | $98K | At ask | Neutral | Notable |
| 22 Sep 2026 | SBUX 15 Jan 2027 $100 calls | Sweep | 200 | 4,869 | $91K | At bid | Bearish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 15 Jan 2027 | 13 | $2.6M | 96% | -$2.2M |
| 21 Jan 2028 | 26 | $1.6M | 100% | -$30K |
| 17 Jun 2027 | 4 | $809K | 90% | +$593K |
| 19 Jan 2029 | 13 | $483K | 94% | +$40K |
| 20 Nov 2026 | 8 | $448K | 85% | -$360K |
| 16 Oct 2026 | 8 | $387K | 16% | -$120K |
The most premium, $2.6M, is aimed at the 15 Jan 2027 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | SBUX 21 Jan 2028 $60 calls | Trade | 20 | 462 | $74K | At ask | Bullish | Notable |
| 25 Sep 2026 | SBUX 21 Jan 2028 $60 calls | Trade | 16 | 462 | $59K | At ask | Bullish | |
| 25 Sep 2026 | SBUX 21 Jan 2028 $60 calls | Trade | 15 | 462 | $56K | At ask | Bullish | Notable |
| 25 Sep 2026 | SBUX 21 Jan 2028 $60 calls | Trade | 15 | 462 | $55K | At ask | Bullish | Notable |
| 25 Sep 2026 | SBUX 19 Mar 2027 $95 puts | Trade | 65 | 1,891 | $52K | At ask | Bearish |
Every print in SBUX with its full detail, the live tape, one tap filters and saved screeners: open SBUX in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open SBUX in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 16 firms, have a median of $115, 21.2% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Starbucks Corp.
- Exchange
- Nasdaq
- Sector
- Consumer Discretionary
- Industry
- Restaurants, Hotels, Motels
- Headquarters
- Seattle, Washington
- Website
- starbucks.com
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages. As of October 3, 2021, it operated 16,826 company-operated and licensed stores in North America.
In the same sector
Flow pages for other Consumer Discretionary names in the S&P 500:
AMZN Amazon Com Inc.TSLA Tesla, Inc.HD Home Depot, Inc.MCD McDonalds Corp.TJX TJX Companies Inc.BKNG Booking Holdings Inc.LOW Lowes Companies Inc.MAR Marriott International Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for SBUX with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open SBUX in Options Sentiment Screener