Schaeffer's Market Blog: Put Trading Builds on Starbucks (SBUX)

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Tue Apr 7, 2009 1:33pm EDT 

CINCINNATI--(Business Wire)--
Starbucks (NASDAQ: SBUX) has seen an uptick in put trading this afternoon. More
than 3,200 puts have crossed the tape, which is 2.3 times the stock's average
daily put volume of 1,378 contracts. 

The stock's May 11 put has seen most of the action, as more than 2,600 contracts
have changed hands on open interest of only 1,394 contracts. At 10:28 a.m.
Eastern time, a block of 2,400 contracts crossed the tape at the bid price of
$0.85. So far today, the implied volatility for the option has increased from
67% to 68.23%. This implied is roughly in line with the stock's 2-month
historical volatility of 68%. 

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Schaeffer's Investment Research
Jocelynn Drake, 513-589-3800
(jdrake@sir-inc.com)


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