Market Curiosity: Exploring Markets And Systems

July 16, 2012

Bought SBUX OCT 52.5 call for 3.65 (update 1, July 22) -41%

Filed under: -25 to -49%, Long Calls — Tags: — Jeff Fitzmyers @ 11:05 am

+ RSI’s rising.
+ Past 2 days had good volume.
– Might be premature. Could wait for a back test.

Update: July 22
– Decline on big volume
+ Still in triangle.
+ The position is an option so I don’t have to deal with a CMG situation.

Keeping the position to take advantage of a possible CNG situation.

Update July 23: Gapped lower under a trend line. Far from bullish unless price could rapidly get back above the trend line.

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