SBUX Set To Get A Caffeine Jolt

Certainly worth considering longs leaning against the $110.38 level

I like the Oct 15 110.115 Short Put Spread

There are four sets of support and resistance levels that are displayed by Aspen Trading’s S/R Analysis Tool. Each one is unique to a specified period of time that we then display directly on the chart. The levels are classified as follows

GREEN: displays 2 solid lines (upper/lower)
ORANGE: displays 2 lines (upper/lower)
RED: displays 2 lines (upper/lower)
PURPLE: displays 2 lines (upper/lower)

IMPORTANT: These lines will change/adjust until the end of the specified observation period is complete.

Once the observation period is complete, that range will then be displayed on the chart as a set of dotted lines that is shaded in to serve as a reference point for traders to know the key levels from the prior lookback period. This can often be very helpful.

What’s the distinction between the 4 color levels?

Essentially think of these levels on a rising scale of importance. While GREEN levels are certainly key, they do not hold the same level of significance as the PURPLE levels.

AspenTrading

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