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Dan Nathan's Bullish Starbucks Trade

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On CNBC's "Options Action", Dan Nathan suggested a bullish options trade in Starbucks Corporation (NASDAQ: 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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Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media