Andrew Keene's Starbucks Trade

Loading...
Loading...

On CNBC's Trading Nation, Andrew Keene of AlphaShark suggested that viewers should consider a long term bullish options strategy in Starbucks Corporation SBUX.

He noticed unusually high options trading in the November calls and he thinks that the stock is consolidating and that it could move higher to $58. To make a bullish bet, he wants to buy the January 55/57.5 call spread for $0.80. The trade breaks even at $55.80 and he can maximally make a profit of $1.70 if Starbucks jumps to $57.50 or higher at the January expiration.

Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: CNBCOptionsMarketsMediaAndrew KeeneTrading Nation
We simplify 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!

Loading...