SBUX Earnings Call Risks and RewardsReal quick before trading closes.. I have the levels above that could be reached if traders react well to the earnings and the levels if a drop occurs.
We all know that the earnings are going to be low. That is factored in already, but still there is still going to be a reaction tomorrow morning. I personally think there is more risk going for a call rather than a put due to SBUX outperforming XRT, the retail sector's ticker. More room to move down rather than up.
Still earnings is always a little bit of a gamble so be safe and trade appropriately! Give me a follow if you like my content and check out my past couple posts... I'm pretty good at calling SPX movements ;)