SBUX Starbucks Corporation Options Ahead of Earnings

Jul 29, 2023

If you haven`t sold the Exposure to China news:

or reentered the past earnings:

Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week,
I would consider purchasing the 100usd strike price in the money Calls with
an expiration date of 2023-9-15,
for a premium of approximately $4.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I`m considering in the money calls and a longer expiration date because its options chain is just slightly bullish.

Looking forward to read your opinion about it.

Aug 3, 2023

Trade closed: target reached

SBUX traded at $104.46 after earnings, and the calls went up from $4.50 (when I wrote this article) to $6.45 at some point intraday, for about about 45% gain!