Options/SBUX

SBUXStarbucks Corp

Options Analysis Report•RETAIL-EATING & DRINKING PLACES

Market Cap $122.3B|NASDAQ

● 2026-08-28$107.26

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y +21.9%YTD +27.7%7D +0.2%

Options Vol

16,450

30D

Implied Move

±7.2%

IV Rank

10%

SBUX Options Overview

Mixed signals. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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SBUX Gamma Walls

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SBUX Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where SBUX sits on protection cost vs. fragility today.

Protection is priced in the cheap band (3.26) — near-dated vol is priced 19% below far-dated, and implied vol sits in the 10th percentile of its own past year, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads neutral (4.51): it is trading 3% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

3.26/ 10cheap

Basis: cross_sectional

Fragility

4.51/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

8.3

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 34.7% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.21x — IV premium over HV

Sector Relative≤50%

Sector percentile 23% — below sector median

Term Structure

<1.1x

Front/Back 0.81x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 27.8% — normal range

Spread-Adjusted Value

<80%

Effective IV 50.6% (ATM 27.8% + spread 11.4% + bias) — good value

Execution Efficiency

<3.0%

Total drag 17.55% (spread 11.40% + slippage 6.15%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 7.58 (vega 8.638 / spread 11.40%) — efficient

Sentiment

Bullish or bearish?

4.0

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -49%, Raw: -34%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -49% (strong bearish) — Raw: -34%

OI Skew Magnitude

≥15%

|OI skew| 6.3% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +19.3%, OI skew -6.3% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 19%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -13%, ATM: -36%, OTM: -33% — bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 38% — bullish vs sector

Activity

Unusual activity?

3.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.8x avg — normal

Turnover Rate

≥15%

Vol/OI 3.5% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -6.1% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 32% — below sector avg

Trade Quality

≥30%

Large trade volume 25% — mixed

Execution Urgency

≥60%

Aggressive execution 27% — patient

Flow Conviction

≥30

Conviction -49 (bearish) — moderate

Liquidity

Can I trade efficiently?

4.8

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 11.4% — wide

Adequate OI

≥10,000

OI 471,859 — deep

Active Volume

≥500

Volume 16,450/day — active

Reasonable Cost

≤$0.50

$0.57 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 26% — tighter than sector

Order Book Depth

≥100 contracts

Depth 229.7 contracts (bid:115.0 ask:114.7) — adequate

Execution Quality

<1.0%

Avg slippage 6.15% — poor

Timing

Is now a good time?

7.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -18.8% — contango

IV Percentile Clarity

<30 or >70

IV percentile 35% — neutral

Event Detection

≥10pts kink

IV kink -3.4pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 118.33 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -49% @ 75% consistency — STRONG directional (bearish)

Smart Money Timing

≥40 composite score

Score 55 (ITM 20% + inst 25%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls6.1

bullishIV cheap, bearish flow

Long Puts6.8

bearishIV cheap, bearish flow

Premium Sellers

Cash-Secured Put4.0

bullishIV too cheap, bearish flow

Covered Call4.7

bearishIV too cheap, bearish flow

For educational purposes only. Not investment advice.