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earningsApril 29, 20261 min read

Starbucks Calls Print After Earnings Beat

Starbucks +5% after earnings. Calls print despite puts leading 7:5 before the event. Smart money vs. retail.

BeInOptions Team
BeInOptions Team·Options Trading Experts
Starbucks stock jumped 5% after yesterday's Q2 earnings, moving from $97 to $102. Before earnings, puts led calls 7:5, but it was the call buyers who won. The options setup showed retail aggressively hedging with puts while smart money positioned bullish. After the earnings beat with better-than-expected revenue and guidance, calls exploded while put holders were on the wrong side. Implied move was 6.1%, and the stock moved exactly within that range – upward. A classic example of how options markets work before earnings: the majority hedges, the minority collects.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.