Sell Alert: November 21, 2012

Marcus Haber | November 21, 2012

Sell Alert: November 21, 2012

Trade Details

Sell Starbucks (SBUX) December $50 Calls for $1.50 or better

Why?

What do you have to be thankful for this year? Well, for one, you have SBUX. Our calls have made roughly 50% in under a week. The stock price is nearing the 200-day moving average – a strong resistance level – so let’s go ahead and cash out here for nice profits.

A solid, winning trade like this right before Thanksgiving should make the turkey taste even better!