SBUX

OIB Trade Alert: SBUX

Starbucks (SBUX) has bounced back. We rolled our put to buy time for the shares to recover, and our strategy worked well. Let’s close the position now at breakeven rather than risk a downside reversal before expiration. Current Stock Price: $101.29 Cash in Hand: $1.48 Action: Buy to close the SBUX Mar Week Four (3/24)…

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OIB Trade Alert: SBUX

I am recommending we roll our Starbucks (SBUX) put out one week to avoid assignment and buy time for the stock to recover. Current Stock Price: $99.44 Cash in Hand: $0.79 Action: Buy to close the SBUX Mar Monthly (3/17) 102 Put for around $2.66 Sell to open the SBUX Mar Week Four (3/24) 102…

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OIB Trade Alert: SBUX

Given recent trading action and the fact that we have hit our minimum rate of return goal, I am recommending we book profits on our Starbucks (SBUX) put rather than risk having to roll the position if the stock reverses. Current Stock Price: $106.68 Cash in Hand: $0.52 Action: Buy to close the SBUX Feb…

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OIB Trade Alert: SBUX

Starbucks (SBUX) is selling off today after reporting quarterly revenue and earnings that missed Wall Street’s estimates. The shortfall was largely due to a spike in COVID-19 cases in China hurting sales in the country. However, same-store sales were up 10% year over year in the United States. Global same-store sales, an increasingly important barometer…

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Income Masters Trade Alert: SBUX

Let’s book fast profits on our Starbucks (SBUX) put, earning a 0.3% return in three days, or 35% annualized. Current Stock Price: $105.42 Cash in Hand: $0.47 Action: Buy to close the SBUX Jan Week Two (1/13) 103 Put for around $0.17, but adjust as needed to close today Profit: $0.30, or $30 per contract

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OIB Trade Alert: SBUX

This is not the kind of market where it pays to be greedy. Let’s book a modest profit on our Starbucks (SBUX) put now. Current Stock Price: $97.27 Cash in Hand: $0.59 Action: Buy to close the SBUX Nov Monthly (11/18) 97 Put Current Option Price: $0.34-$0.37 Recommended Limit: Set your initial limit order at…

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