Starbuck’s (SBUX), gapped up, touched a new 52-week high, and was recently 81 cents higher to $25.23 after UBS upgraded the stock to Buy. Options action picked up as well, with 12,000 calls and 7,000 puts traded so far. March 25 and 26 calls, which have three days of life remaining after today, are the most actives. April 25 adn 26 calls are seeing interest as well. Implied volatility has eased about 1 percent and, at 25, is probing 52-week lows.