July 24, 2013 Trade Alert - 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 a little downside protection and increase our gain if it stays flat. 


BTO 5 SBUX Aug-13 67.5 calls (SBUX130817C67.5)
STO 5 SBUX Jul4-13 67.5 calls (SBUX130726C65.5)  for a debit of $.33  (buying a calendar)
 
Be prepared to change this price limit by $.05 or more in order to get an execution.
 
Happy trading.
 
Terry