Scott Bauer's Starbucks Corporation Trade

Scott Bauer of Trading Advantage suggested on

that traders should consider a bullish options strategy in

. He thinks that the stock is holding well at its current price level and it seems to him that it has found support. Bauer added that last two earnings results were not good, but he believes that mobile payments and improvement of performance in Europe could help the stock. Bauer wants to make a bullish bet with a purchase of the June 57.5/62.5 call spread. The trade would cost him $1 and it breaks even at $58.5 or 4 percent higher from the current stock price. If the stock jumps to $62.5 or higher at the June expiration he can maximally make a profit of $4.