Noteworthy Friday Option Activity: UPS, SBUX, CLSK

Starbucks (SBUX) and CleanSpark (CLSK) recently experienced significant options trading activity, with SBUX's options volume representing 50.3% of its average daily share volume and CLSK's at 48.4%. Notably, the $80 strike put expiring October 2025 was highly active for SBUX, suggesting increased bearish sentiment or downside protection, while the $13 strike call expiring October 2025 saw substantial volume for CLSK, indicating bullish interest or upside positioning around these specific price points and timeframes.

Analysis

Significant options market activity has been observed in both Starbucks (SBUX) and CleanSpark (CLSK), indicating heightened investor positioning. Starbucks registered options volume equivalent to 50.3% of its average daily share volume, with notable concentration in the long-dated October 17, 2025, $80 strike put options. This specific activity, involving 2,528 contracts, suggests that some market participants are either establishing bearish positions or hedging against a potential decline below the $80 price level over the next year. Concurrently, CleanSpark saw options volume representing 48.4% of its average daily share turnover. The activity was heavily skewed towards the bullish side, with 16,424 contracts traded for the October 03, 2025, $13 strike call option. This substantial volume in long-dated calls points to strong speculative interest and a conviction among certain traders for significant upside in CLSK's share price beyond $13 over the same timeframe.

Key Decisions for Investors

• The unusual options flow in both SBUX and CLSK signals that large, long-term directional bets are being placed, warranting closer monitoring of these stocks for potential catalysts or shifts in sentiment.
• For Starbucks, the concentrated put buying at the $80 strike for October 2025 is a notable bearish signal or a significant hedge, suggesting investors should re-evaluate downside risks and view the $80 level as a key area of interest.