Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week, I would consider purchasing the 96usd strike price Calls with an expiration date of 2024-2-2, for a premium of approximately $1.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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SBUX traded at $98.35 after earnings, and the calls were definitely profitable, but I hadn't checked the chain back then.