Surge in Options Trading for Starbucks, Devon Energy, and FCX

Notable options trading volumes today reveal increased investor activity in Starbucks Corp., Devon Energy Corp., and Freeport-McMoRan Copper & Gold. The heightened volume indicates potential shifts in stock prices for these companies as investors prepare for future movements.

Date: 03-04-2025

AI Rating: 6

Options Trading Volume Highlights
Today's report details significant options trading volumes for three S&P 500 companies: Starbucks (SBUX), Devon Energy (DVN), and Freeport-McMoran (FCX). Increased options activity is often a signal of investor sentiment and potential price movements.

Starbucks Corp. (SBUX) recorded a total volume of 47,672 contracts, approximately 4.8 million underlying shares, amounting to 51.1% of its average daily trading volume of 9.3 million shares over the past month. Notably, there has been significant activity for the $85 strike put option, indicating a bearish sentiment among traders speculating on potential declines.

Devon Energy Corp. (DVN) experienced a trading volume of 37,076 contracts, representing about 3.7 million underlying shares, or approximately 47.5% of its average daily trading volume. The attention on the $20 strike put option also suggests investors are hedging against potential downward moves.

Freeport-McMoRan Copper & Gold (FCX) showed remarkable activity, with options volume at 84,621 contracts, equivalent to roughly 8.5 million underlying shares, which corresponds to 47.3% of its typical trading volume. The high interest in the $38 strike call option indicates bullish speculation among some traders in anticipation of rising prices.

While there is no direct data on EPS, Revenue Growth, Net Income, Profit Margins, Free Cash Flow, or Return on Equity within this report, the surge in options trading can reflect investor expectations and market sentiment that could affect stock prices moving forward. A notable increase in put options suggests a broader marketplace caution regarding price declines for some firms, while call options for FCX indicate speculative bullish sentiment.

Overall, the significant options activity points toward varying investor sentiments that could drive short-term stock price movements for these companies.

Stocks: SBUX DVN FCX