SBUXStarbucks Corp
Options Analysis Report•RETAIL-EATING & DRINKING PLACES
Market Cap $113.9B|NASDAQ
● 2026-04-17$100.00
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +23.9%YTD +19.1%7D +3.5%
Options Vol
32,416
30D
Implied Move
±13.0%
IV Rank
34%
SBUX Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 53.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.05x — IV ≤ HV
Sector Relative≤50%
Sector percentile 43% — below sector median
Term Structure
<1.1xFront/Back 0.88x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 37.3% — normal range
Spread-Adjusted Value
<80%Effective IV 59.9% (ATM 37.3% + spread 11.3% + bias) — good value
Execution Efficiency
<3.0%Total drag 19.60% (spread 11.28% + slippage 8.32%) — high friction
Vega Efficiency
≥5.0Vega efficiency 31.39 (vega 35.408 / spread 11.28%) — efficient
Sentiment
Bullish or bearish?
3.9
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Moderate signal (Conviction: -33%, Raw: -10%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -33% (strong bearish) — Raw: -10%
OI Skew Magnitude
≥15%|OI skew| 5.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -11.2%, OI skew +5.4% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 64%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -14%, ATM: -49%, OTM: +15% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 76% — very bearish vs sector
Activity
Unusual activity?
5.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.4x avg — normal
Turnover Rate
≥15%Vol/OI 6.1% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +3.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 60% — active vs sector
Trade Quality
≥30%Large trade volume 43% — institutional presence
Execution Urgency
≥60%Aggressive execution 40% — patient
Flow Conviction
≥30Conviction -33 (bearish) — moderate
Liquidity
Can I trade efficiently?
4.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 11.3% — wide
Adequate OI
≥10,000OI 533,054 — deep
Active Volume
≥500Volume 32,416/day — active
Reasonable Cost
≤$0.50$0.56 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 44% — neutral vs sector
Order Book Depth
≥100 contractsDepth 187.89999999999998 contracts (bid:93.6 ask:94.3) — adequate
Execution Quality
<1.0%Avg slippage 8.32% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -11.9% — contango
IV Percentile Clarity
<30 or >70IV percentile 54% — neutral
Event Detection
≥10pts kinkIV kink -7.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1559.81 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 11d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -33% @ 67% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 73 (ITM 20% + inst 43%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.4
bullishIV cheap, bearish flow
Long Puts6.2
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put4.5
bullishIV too cheap, bearish flow
Covered Call5.3
bearishIV too cheap, bearish flow
For educational purposes only. Not investment advice.