Starbuck’s (SBUX, news, chart, volatility) shares are up 27 cents to $8.91 after the company’s CFO Alstead said at an investor meeting in New York that he found a way to save another $200 million through cost cuts. The lookie-what-I-found news sparked a rally in shares, which hit $9.41 in morning trading. It also triggered a flurry of activity in the December 10 calls. Almost 20,000 have now traded, compared to open interest of 3,833. About 61 percent has traded offerside, with recent trades including two blocks (1,425 ea.) traded for 19 and 20 cents with the stock at $8.80 and down 6.5 percent from best levels of the day.