Becky Is Back -- SBUX ST DEC 6 gamble

Dec 3, 2019

Meet some half strangers at a round table for coffee over the holidays. The people from high school who you are trying to avoid but cant seem to miss when you return home.. Where to meet? SBUX.

They announced some Irish cream drink today; makes your mouth water saying it... too bad I dont buy the overpriced drinks myself!

I took a weekly neutral/bullish position on SBUX via a put credit spread at the 84.5 and 84 strikes for a credit of .2 for the DEC 6 Strike

PoP was .6636 Kelly says max weighting of 15%

I used a weighting of 5%

GL HF

xoxo

snoop

Dec 4, 2019

Trade closed: target reached

Closed at 50% profit

Dec 4, 2019

Note

because I used a weighting of 5% and I I made 10% profit. I made +.5% of my account NET on this trade

Dec 4, 2019

Note

if I had used 15% as kelly suggested I would have made 1.5%

Dec 7, 2019

Note

REVIEW:

If we didnt close at 50% we would have captured the whole credit.

Dec 12, 2019

Note

perhaps we should have taken our credit and redeployed again next week; Becky got an upgrade from JPM to overweight, but I'd say she looks slim thicc