SBUX for swing trading and long term

$SBUX calling all bears, calling all bears, we have a stock looking to breakout.. Can we send a few cars over. Last seen speeding into china

 

As much as I am bullish on SBUX however I trade defensively. I have sold weekly covered call 55 on my shares and I halve also solve naked 52.5 weekly PUT.

 

The chance that rates might go up in December or the next 4 months is zero now.

 

I've been helping with my triple shot PSLs and Chestnut Pralines.

 

Tomorrow 11/15/2016 is SBUX ex dividend date. Today is the last day that if you buy the shares, you will get 0.25 dividend.

 

Updated SBUX chart

 

Expect SBUX to temporarily stall or pull back a little from here (55.90)

 

$SBUX - monthly LT chart with more tan +2.000% from 2009. Since ATH correction with a bearish MACD ...

 

I sold all my holdings on SBUX today with a nice profit. I feel SBUX and market is toppy.

 

Enough time has passed. And here we are, SBUX almost breaks $60.