I am still bullish on SBUX, I have my largest option call in history rooting for this steady climb with a boost from earnings. Stay tuned to see how accurate this prediction is,
@Myantman101, That's overly optimistic wouldn't 95 be a better strike? Don't see a 35% increase but hey if it does hit your 1K bet could easily be 100K +
Myantman101
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@chochicken, Yeah, I was overly optimistic when I first purchased in august. I averaged down again today. I have 200 calls now with a average contract price at 0.08, I am certain that SBUX will smash earnings and come close, I will try to break even or take a small profit during the earnings call. I will let you know how much I make or loose. Very scary being down over 1K currently.