Starbucks (SBUX) shares closed Thursday's session at $49.43, up $1.10, and are surging another 4% to $51.55 in extended trading. The company reported earnings of $0.33 a share that matched estimates but the surprise was in revenue of $4.6 billion that topped expectations for $4.5 billion.
The May 50 calls (SBUX150515C00050000) closed at 95 cents, up 45 cents, and attracted heavy call buying today. There were over 6,000 contracts that traded and open interest is over 11,000 contracts. These calls doubled on today's move higher and could double again on Friday.