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

talk about bottom picking

 

So you're still holding the JUN contracts that you bought at .50? Ouch.

 

Its very cheap insurance to go short. As for long, thats another thing altogether.

 

I'm still waiting for an answer to my previous post:
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Quote from forex-forex:

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

 

can't you just donate the money to a good charity instead? you just blew $11000.

 

SBUX Jul 30C : Bid=0.20 Ask=0.25 , ouch maybe you outta sell.

you should have bought SPX Jun 1300P EOM and Jul 1250P, you woulda made 75% in a couple of days and it only took a 3% movement in the underlying to make that much

 

Free advice here, so treat it accordingly:

SBUX is dead money at best. Their growth, which was formerly fast and justified their higher multiple, is no more.

 

So forex, what was your trade plan when you opened your positions?
db

 

My trade plan is to hold till expiry there is a good chance that I add more July or October calls next week, maybe 100 contracts. I will update when any new transactions take place.

 

Jesus!