SBUX

OIB Trade Alert: SBUX

I don’t trust this rally and want to lock in profits wherever we can ahead of this month’s Federal Reserve meeting. Therefore, I am recommending we close our Starbucks (SBUX) put now. While we are giving back more cash than usual to close, we will exceed our annualized rate of return goal of 26%. Current…

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OIB Trade Alert: SBUX

Starbucks (SBUX) is up more than 5% today. I am recommending we close our monthly put early with a very nice profit. Current Stock Price: $73.93 Cash in Hand: $0.59 Action: Buy to close the SBUX May Monthly (5/20) 67 Put Current Option Price: $0.16-$0.18 Recommended Limit: Set your initial limit order at $0.17, but…

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