Seeking AlphaCodex · 实盘不做把握 8/10
北京时间·🕒 发布 00:28:44时区推断·⟳ 抓取 00:33:25·⚡ 决策 07-29 00:33:58 +33s·90.8 天前
星巴克财报前期权市场定价约5.51%双向波动
这只是星巴克三季报发布前的市场预期和期权持仓描述，没有披露实际业绩、指引上修或公司级新增基本面事实。
📄 原文Seeking Alpha↗ 原文
Starbucks earnings on deck: Options market prices in 5.51% stock movement
Starbucks (SBUX) is set to report its third-quarter print on July 29, after the closing bell. Analysts will be keenly e…
不做 星巴克（SBUX.US）
财报前期权隐含波动和持仓分布是日历事件背景，不含实际业绩或指引 surprise，方向不可判定，不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
🔎 新鲜度:最早出现 2026-07-28 · 扩散 medium · price-in 风险 high ↗
关键理由
- 这只是星巴克三季报发布前的市场预期和期权持仓描述，没有披露实际业绩、指引上修或公司级新增基本面事实。
主要风险
- 若7月29日盘后正式财报出现收入、利润或指引超预期，应由新的财报信号重新研判。
原文全文
展开原文 · 1,526 字
Starbucks (SBUX) is set to report its third-quarter print on July 29, after the closing bell. Analysts will be keenly eyeing the stock’s post-earnings reaction as the firm’s turnaround efforts continue.
Wall Street expects the company to report revenue of $9.12B, with non-GAAP EPS of $0.65.
The at-the-money straddle for Friday's expiration implies traders are pricing in a post-earnings move of about 5.51% in either direction. Based on the current share price of $105.36, the options market suggests an expected trading range of roughly $99.55 to $111.17 following the results.
Positioning in the July 31 weekly options reflects a notable bullish tilt. The $89 put carries the largest put open interest among near-term strikes, with 1,012 contracts, indicating some downside level. On the call side, the $115 strike has the highest open interest at 3,618 contracts. Overall sentiment remains slightly skewed toward upside protection, with 7,699 put contracts versus 9,554 call contracts, resulting in a put/call open interest ratio of 0.81, slightly below the level of 1.0 that is generally considered balanced.
Looking further out on the options curve, traders have accumulated sizable positions at deep out-of-the-money strikes. The $110 call holds the largest call open interest overall, with 35,041 contracts, suggesting some investors are positioning for a sharp upside move over a longer horizon. Meanwhile, downside hedging is concentrated at the $60 put, which has the highest put open interest at 43,737 contracts.
Wall Street expects the company to report revenue of $9.12B, with non-GAAP EPS of $0.65.
The at-the-money straddle for Friday's expiration implies traders are pricing in a post-earnings move of about 5.51% in either direction. Based on the current share price of $105.36, the options market suggests an expected trading range of roughly $99.55 to $111.17 following the results.
Positioning in the July 31 weekly options reflects a notable bullish tilt. The $89 put carries the largest put open interest among near-term strikes, with 1,012 contracts, indicating some downside level. On the call side, the $115 strike has the highest open interest at 3,618 contracts. Overall sentiment remains slightly skewed toward upside protection, with 7,699 put contracts versus 9,554 call contracts, resulting in a put/call open interest ratio of 0.81, slightly below the level of 1.0 that is generally considered balanced.
Looking further out on the options curve, traders have accumulated sizable positions at deep out-of-the-money strikes. The $110 call holds the largest call open interest overall, with 35,041 contracts, suggesting some investors are positioning for a sharp upside move over a longer horizon. Meanwhile, downside hedging is concentrated at the $60 put, which has the highest put open interest at 43,737 contracts.
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