I think we gonna see a bounce back in SBUX and its definitely worth a play. When the stock goes below 26 there is a great opportunity to buy 27.50 calls (July). For the 30 calls I really see very black and would get rid of them while there is a big chance that you can get out even with a nice profit.
They will never enter a trade because their entry point will always change with the movement of the stock.
F-F, I noticed that your SBUX June 30s are now around the .60 area. Care to take a $1000 profit off the table? AZD
Au contraire mon ami. At THIS time I see a bid of .60, no wait, a bid of .55 and ask of .65. With thousands of contracts trading today, your chance of getting filled at .6 are most excellent. Just my two cents worth - is it better to take the profit now (20% at that) and potentially miss out on a big gain, or to let it ride and lose $$ in the end? Of course, only you can answer that question. Good luck. AZD
If you believe in the above statement then you should stick to your guns. However, at what point will you exit/adjust/lock in profit if your prediction is wrong/right? db
SBUX - Just added 100 contracts July 30 Calls at $0.60. Total $11,000 for the June and July contracts, will update when any new transactions take place.