Dan Nathan's Bullish Starbucks Trade

On CNBC's "Options Action", Dan Nathan suggested a bullish options trade in Starbucks Corporation SBUX. He noticed the stock opened lower Friday, but it managed to close 2.11 percent higher. He sees the reversal as a bullish sign and he wants to use options to get a long exposure.

Nathan wants to buy the December 55/60 call spread for a total cost of $1.30. The trade breaks even at $56.30 or 0.48 percent higher.

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SBUXStarbucks Corp
$84.210.29%

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Edge Rankings
Momentum
40.06
Growth
36.90
Quality
Not Available
Value
22.73
Price Trend
Short
Medium
Long
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Date of Trade
ticker
Put/Call
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Sentiment

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