$SBUX earnings are coming up soon, IVR is fairly high with a 91 rank.
Aug $57 strike is offering 1.6% ROC over 23 days. This is a stock I wouldn't mind owning and then selling calls against too.
Aug 18 $57 put for $.91.
Aug $57 strike is offering 1.6% ROC over 23 days. This is a stock I wouldn't mind owning and then selling calls against too.
Aug 18 $57 put for $.91.
Trade closed: stop reached:
Closed @ 2.85 for 2x credit received stop loss. With several days to go to expiration and risk of it running further, I might as well take the capital and reapply elsewhere.