$170 Profit
SBUXLong Option

Big gap down on downgrades, CEO stepping down, fresh lawsuit and heading straight for a key resistance level. Was able to get a nice entry this morning shortly after the open and it has come straight down since. It might have potential to keep dropping but it looks like it's found support around the 94.40 area and isn't going to crack as dramatically as I hoped so I'm locking in profits

  • Total Views6
  • Position Size10
  • Percentage20.73%
  • Option TypePUT
  • Strike94.0
  • Expiration9/29/2023
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