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Saturday, June 18, 2022

Options trade : Starbucks (SBUX) bullish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE


10/5/2021

sell -1 Nov 5, 2021 $103 put at $1.06

  • oversold
  • 31 DTE
  • earnings on 10/28/2021
  • prob ITM = 21%
  • SBUX = $111
  • margin:  $826


10/26/2021

buy back the $103 short put at $0.28 to close the trade prior to earnings

NET PROFIT:  $76.68