Starbucks, AMD Could Make Big Moves Ahead Of Earnings

Shares of Starbucks Corp (NASDAQ: SBUX) ended Monday's trading session higher ahead of its May 2 earnings call.

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Starbucks Corp (NASDAQ: SBUX) Monday traded at more than 1.5 times its average daily puts volume and almost 2 times its average daily call volume. The options market implies a move of 5% in the stock, he added.

Check out other stocks making moves in the premarket.

There was a seller of 500 of the June 115 calls at an average price of $5.20 per contract, Khouw mentioned. The trader expects the shares of Starbucks to rise by at least 5% by June expiration, he stated. Options trading in Advanced Micro Devices, Inc. (NASDAQ: AMD) implied a move of 7.5%, Khouw added.

SBUX, AMD Price Action: Starbucks shares were trading down 0.62% to $113.86 Tuesday afternoon, while AMD was up 0.42% at $90.07. 

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