Market Overview

Dan Nathan's Bullish Starbucks Trade

Share:
Related SBUX
Starbucks Analysts Have Lukewarm Reaction To China, Delivery Plans
8 Biggest Price Target Changes For Friday
Dow Jones Today: Johnson & Johnson Stock Slammed On Asbestos Report (Investor's Business Daily)

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.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media

 

Related Articles (SBUX)

View Comments and Join the Discussion!

Mike Khouw's Snap Options Trade Ahead Of Earnings

Wall Street's M&A Chatter From November 3-5: Sprint-T-Mobile, Broadcom-Qualcomm, Rent-A-Center