Possible strangle on SBUX over earnings?

Appears SBUX has been trading sideways for a few months. IV is about 19.5% on these options. IF SBUX gaps past these pivots on the channel, in either direction, the stock could run. I like the calls better, however, because 200 SMA on the weekly for SBUX will act as a support.
;-)

JUST some analysis. I know a lot people like watching and playing SBUX

Commentaire:

57 calls now ITM