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

Quote from midlifeguy:

You will make more money selling these type of options than buying them.
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You'll make money most of the time but sooner or later you'll get clobbered. An unexpected rise of 10% of the underlying would clean out a writer
 
Quote from deviltrader:

You'll make money most of the time but sooner or later you'll get clobbered. An unexpected rise of 10% of the underlying would clean out a writer
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That is true. That is why I personally prefer to mostly sell puts on stocks that I would like to own at a price below FMV.
 
Quote from forex-forex:

I own a condo which has gone up a lot, plus I have a day job which I like.

If the SBUX trade doesn't pan out then I will probably stop trading options, I find it takes too much computer time looking at charts. I will leave a small amount in my trading account if I decide to trade again.
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Oh well, I'd suggest you check with this trading group before giving up on Options!
 
Quote from forex-forex:

I own a condo which has gone up a lot, plus I have a day job which I like.

If the SBUX trade doesn't pan out then I will probably stop trading options, I find it takes too much computer time looking at charts. I will leave a small amount in my trading account if I decide to trade again.
More...

don't give up, flip the qqqq ntm calls and puts
 
I hope you're not still holding those July calls.

July 30.00 SQXGF.X
bid 0.05
ask 0.10

I suggest you sell them now while they're still worth a nickel.
 
to the paper trader.

Starbux is a ripoff, catering to metrosexuals and women who think that a $5 'lateeeee' is a big thrill.

Scam gonna implode eventually.
 
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