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SBUX Jun 2024 85.000 put

OPR - OPR Delayed price. Currency in USD
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7.44+1.27 (+20.58%)
As of 03:41PM EDT. Market open.
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Previous close6.17
Open6.51
Bid7.20
Ask7.75
Strike85.00
Expiry date2024-06-21
Day's range6.51 - 7.44
Contract rangeN/A
Volume43
Open interest13.66k
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    As Starbucks faces stiff competition for its brew in China from fast-growing, low-cost rivals who have chipped into its market share, the coffee chain is increasingly being dragged into a price war it says it wants to avoid. The stakes are high for Starbucks, which has come under growing pressure from investors recently due to weaker sales in its two biggest markets - the United States and China. While the Seattle-based company has got its work cut out in the world's second-biggest economy, where its rival Luckin Coffee pipped it to the top spot on annual sales for the first time in 2023, management is convinced it does not need to get into a race to the bottom on prices.