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Income Masters Trade Alert: SBUX

I am recommending we roll our Starbucks (SBUX) put to generate more income.

Current Stock Price: $87.04

Net Debit: $13.86

Action:

  • Buy to close the SBUX Oct Week One (10/2) 83 Put for around $0.06
  • Sell to open the SBUX Oct Week Two (10/9) 85 Put for around $0.66
  • Set initial credit limit at $0.60

New Net Debit: $13.26

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