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Reallifetrading
Feb 18, 2016 6:58 PM

SBUX bear call spread 

Starbucks CorporationNASDAQ

Description

Spread is above the $59 resistance, above the 100 SMA, above the 50 ema and above some gaps and strong candles.
If you're playing it with shares or options, it's at the "do or die" roll over location right now... along with the market. If bears are thirsty, this is the place they need to drink.
Comments
Reallifetrading
Dropped the trigger price on SBUX and no longer will I unravel, I will exit for a loss.
Reallifetrading
Update on this trade. Looking to unravel.
shock72
Got burned being bullish on bux twice this year, selling a mar call spread this time.
Reallifetrading
Ok. What's your spread?
shock72
sold the 59.50 call and bought the 61.50
Reallifetrading
OK! : ) Thanks for letting me know.
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