
Rocket Equities & Options - SBUX Call Spread 10-29-20
SBUX Call Spread
SBUX has earnings tonight; options are pricing in an expected move of $3.25 for their earnings release. We are going to purchase a call spread above the market. We'll be risking about $1 for every $2 in profit. SBUX is trading at $88.76.
Buy Oct 30th $89 call
Sell Oct 30th $92 call
This will result in a debit of about $1.03. Our break even is about $90 for this trade.
Buy Oct 30th $89 call
Sell Oct 30th $92 call
This will result in a debit of about $1.03. Our break even is about $90 for this trade.


