SBUX - Just bought 100 contracts June 30 Calls at $0.50

SBUX - Just bought 100 contracts June 30 Calls at $0.50. Should be easy money.

 

Easy money for whom? LOL

 

Please expand on your reason for entering the trade.

 

Good question. I don't have that answer yet.

 

• Starbucks always bounces back from its 52 week low.
• Starbucks are as busy as ever with new ones opening up all over the place.

 

You paid 500-basis over stat vols, but this decline is failing. You'll make a quarter if we see $30 this week.

Don't trade options based upon anecdotes like "busy as ever".

 

I was thinking $35.00 by June expiry, which will make those options worth about $5.00.

 

lol, you're nuts. No way we see $35 on SBUX.

 

This was a great trade.... for the seller of those calls

EDIT: They have not budged on the down move so back the truck up and load it up baby with every $8.00 Mocha Frappa Crappa Caffa-chino...

 

I don't have time to debate this. I'm off to Starbucks now for my "tall dark" coffee and a chocolate chip cookie.