PCM5

SBUX Bullish

Long
NASDAQ:SBUX   Starbucks Corporation
I entered this trade on OCT 20th buying 4 calls at a $90 strike expiring on January 15th. this trade looked appealing because of the ascending triangle pattern displayed. I held my position though market volatility during election week. I was strongly believed in Starbuck due to their rapid recovery from march lows as well as the positive earnings report they recently reported. I still believe the stock has a positive momentum behind it.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.