Jon Najarian said on CNBC's Fast Money Halftime Report that traders are making bullish bets ahead of earnings in Starbucks Corporation SBUX.
They were buying the May 60/62 call spread aggressively. For the trade to reach its maximal profit, Starbucks needs to jump around 1.7 percent from its current price level. Najarian decided to buy the call spread in Starbucks, which is due to report earnings on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in