Long SBUX
Updated
SBUX is at a 50% retrace support zone. Bought SBUX Calls. Look for a target of 68 or so. Proven wrong below 56. Earnings later this week so we might get a decent move sooner rather than later. Hope its in my direction.
Note
Closed half my calls to lock in a 50% gain before earnings report at market close. I don't want to lose my profits if SBUX fumbles earnings. I still have upside if SBUX hits it out of the park and takes us to 68 area.
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