Discussion in 'Options' started by forex-forex, May 14, 2007.
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.
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