CLOSING the $SBUX Options Action Trade - Dan

26july - as posted by dan on his site, he closed the spread prior to earnings for a small win, heres his post from riskreversal.com SBUX trade . closed for a .12 profit, coulda woulda shoulda.. would have been good win based on how stock moved on earnings

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29jun - dan entering a put spread on starbucks base on the macro environment on this weeks Options Action, heres the video clip, SBUX clip , dan also features this trade on his website.

buy the Aug 50/45 put spread for .85 cents

dan always seems to misspeak about where the profits are..nerves or something.. but you dont make $4.15 if stock is at 49.15..the SPREAD IS PROFITABLE at 49.15 or lower at opex is the correct description. key point that mike makes is that you do not have to let this go to opex to see the profits, a near term down move will make this profitable..not the full amount of $4.15 of course but might get some 50% or higher returns real quick. normal MO for dan is taking some off when he can get money back and let rest run. all of dans on-air trade in a google docs spreadsheet


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