Someone just paid 112 million dollars for


a call option on $SBUX.
This is not a series of small trades.
It is a single enormous options contract.
Giving the right to buy at a strike price of $75, expiring on June 18.
The stock is currently trading at $106.67.
They bought 35,341 contracts at once.
The open interest for that strike price is only 69 contracts.
This is a completely new position and it is very large.
The trading volume to open interest ratio is over 512 times.
A trader has just placed a huge bet that SBUX will rise significantly, very, very soon, in the next 32 days.
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