Starbucks (SBUX) Offering Possible 19.9% Return Over the Next 21 Calendar Days

Starbucks's most recent trend suggests a bullish bias. One trading opportunity on Starbucks is a Bull Put Spread using a strike $121.00 short put and a strike $116.00 long put offers a potential 19.9% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $121.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $116.00 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 64.15 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' cold beverages are massively outselling hot coffee in the US
Thu, 29 Jul 2021 10:26:06 +0000
“Customers love” cold coffee drinks, Starbucks CEO told Yahoo Finance, especially millennials and the Gen Z-ers.

Coffee Traders Reel With the World’s Biggest Crop Under Threat
Wed, 28 Jul 2021 19:26:32 +0000
(Bloomberg) — Price swings for arabica coffee are the biggest in nearly two decades with traders nervously tracking the approach of a cold wave that’s threatening global supplies.Futures for the high-end beans have surged 56% this year, making it one of the best performers among commodities.“The market has to be on edge,” said Nick Gentile, managing partner for NickJen Capital Management in New York. “You can’t be short here.”Temperatures will begin to descend in the next 24 hours in southern B

Starbucks Drops Back Into Buy Range As Restaurants Fall; McDonald's Also Near Buy Point
Wed, 28 Jul 2021 17:35:21 +0000
Despite delivering quarterly results that topped Wall Street targets, McDonald's, Starbucks and other restaurant stocks were mostly lower Wednesday.

Is Starbucks Stock A Buy Right After Reporting Earnings?
Wed, 28 Jul 2021 15:21:53 +0000
Global coffee giant Starbucks is one of top growth stocks to watch in 2021, but is it a buy in the current stock market rally?

Starbucks CEO on pricing, mask mandates and China
Wed, 28 Jul 2021 14:44:13 +0000
Starbucks CEO Kevin Johnson joins Julia La Roche to discuss the company’s third-quarter results, how the coffee chain is mitigating inflationary pressures, alternative milk offerings and his outlook for performance in China.

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