Starbucks (NASDAQ: SBUX) closed at $23.13 Monday, a three-year low.
- SBUX is expected to report EPS of 21 cents on Nov. 15.
- SBUX is up 33 cents to $23.47 in the first few minutes of trading.
- SBUX Novmeber 22.5 straddle is priced at $1.70. SBUX overall option implied volatility of 40 is above its 26-week average of 29 according to Track Data, suggesting larger price fluctuations.
Volatility Index S&P 500 Options-VIX at 31.09; 10-day moving average is 24.37
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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