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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 22,178 calls trading, 1.1x expected, and implied vol increasing over 1 point to 26.29%. 9/13 weekly 97 calls and Oct-24 100 calls are the most active options, with total volume in those strikes near 13,600 contracts. The Put/Call Ratio is 0.64. Earnings are expected on October 31st.

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