Starbucks (SBUX) Offering Possible 13.38% Return Over the Next 29 Calendar Days

Starbucks's most recent trend suggests a bullish bias. One trading opportunity on Starbucks is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 13.38% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock dropped below the $92.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Starbucks is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Starbucks is bullish.

The RSI indicator is at 68.49 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Starbucks

Starbucks suspends U.S. Happy Hours due to crowd concerns as COVID-19 surges
Tue, 15 Dec 2020 14:00:00 +0000
Starbucks Corp customers in the United States will have to pay the full $5.65 for a second grande Eggnog Latte this holiday season, as the company suspends two-for-one deals due to overcrowding concerns amid a resurgence in coronavirus cases. Happy Hour events scheduled for Dec. 17 and Jan. 7 have been canceled, according to an internal memo to employees posted inside stores and seen by Reuters. “However, with the anticipated rise in cases as a result of holiday travel and the latest guidance from the scientific community to not gather indoors in large groups for a prolonged period of time, we feel it is best to pause Happy Hours.”

Starbucks Isn't Done Growing in the U.S.
Tue, 15 Dec 2020 12:25:00 +0000
Despite a brief pause in its domestic expansion during fiscal 2021, Starbucks sees plenty of room to add new U.S. stores and grow sales at existing locations in the years ahead.

If You Put $1000 Into Starbucks Stock Last January, Here's How Much You'd Have Now
Mon, 14 Dec 2020 23:27:00 +0000
Investors expect the biggest name in coffeehouses to come out of the coronavirus contagion in better shape than before the health crisis began.

Starbucks (SBUX) Gains As Market Dips: What You Should Know
Mon, 14 Dec 2020 22:45:10 +0000
In the latest trading session, Starbucks (SBUX) closed at $103.32, marking a +0.31% move from the previous day.

Starbucks to Participate at the Wolfe Research Consumer Access Day
Mon, 14 Dec 2020 21:30:00 +0000
Starbucks Corporation (Nasdaq: SBUX) today announced that Patrick Grismer, chief financial officer, will participate at the Wolfe Research Consumer Access Day on Wednesday, December 16, 2020, at 10:30 a.m. Eastern Time.

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