SBUX - Just bought 100 contracts June 30 Calls at $0.50

I think we gonna see a bounce back in SBUX and its definitely worth a play.
When the stock goes below 26 there is a great opportunity to buy 27.50 calls (July).

For the 30 calls I really see very black and would get rid of them while there is a big chance that you can get out even with a nice profit.
 
Quote from Pita:
I think we gonna see a bounce back in SBUX and its definitely worth a play.
When the stock goes below 26 there is a great opportunity to buy 27.50 calls (July).
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If SBUX goes below 26 they will lower their entry point to 24 and consider the 25.00 calls.
 
Quote from forex-forex:

If SBUX goes below 26 they will lower their entry point to 24 and consider the 25.00 calls.
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yes thats very possible but depends on the way how it goes down.
 
Quote from Pita:

yes thats very possible but depends on the way how it goes down.
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They will never enter a trade because their entry point will always change with the movement of the stock.
 
Quote from arizonadreamer:

F-F,

I noticed that your SBUX June 30s are now around the .60 area.

Care to take a $1000 profit off the table? :D

AZD
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I see a bid of $0.55 at this time, with commissions the trade would be a very small profit.
 
Quote from forex-forex:

I see a bid of $0.55 at this time, with commissions the trade would be a very small profit.
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Au contraire mon ami. At THIS time I see a bid of .60, no wait, a bid of .55 and ask of .65. With thousands of contracts trading today, your chance of getting filled at .6 are most excellent.

Just my two cents worth - is it better to take the profit now (20% at that) and potentially miss out on a big gain, or to let it ride and lose $$ in the end? Of course, only you can answer that question.

Good luck.

AZD
 
Quote from arizonadreamer:

is it better to take the profit now (20% at that) and potentially miss out on a big gain, or to let it ride and lose $$ in the end? Of course, only you can answer that question.
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It's a lot less than 20% if closed at this time.
 
Quote from forex-forex:

I was thinking $35.00 by June expiry, which will make those options worth about $5.00.
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If you believe in the above statement then you should stick to your guns. However, at what point will you exit/adjust/lock in profit if your prediction is wrong/right?
db
 
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