July 24, 2013 Trade Alert #2 - Terry’s Trades Portfolio

SBUX has already fallen so much that we will do better if it moves higher in spite of our initial bearish bet.  This trade will give us more downside protection and increase our gain if it stays flat. 


BTO 2 SBUX Aug-13 67.5 calls (SBUX130817C67.5)
STO 2 SBUX Jul4-13 65 calls (SBUX130726C65)  for a credit of $1.10  (buying a diagonal)
 
Be prepared to change this price limit by $.05 or more in order to get an execution.
 
Happy trading.
 
Terry