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Earnings Trader
Collect the Biggest Option Payouts Every Quarter

November 4, 2022

I will be exiting the Starbucks (SBUX) trade today.

Cabot Options Institute Earnings Trader – Alert (SBUX)

Starbucks (SBUX)

I will be exiting the Starbucks (SBUX) trade today.

Here is the trade:

Simultaneously:

Buy to close SBUX November 11, 2022, 93 calls
Sell to close SBUX November 11, 2022, 98 calls
Buy to close SBUX November 11, 2022, 76 puts
Sell to close SBUX November 11, 2022, 71 puts for roughly $0.80 per iron condor (prices will fluctuate, please adjust accordingly)

If you are having issues exiting the trade, you can always exit the tested side of the iron condor first, followed by the untested side. Also, if you choose to hold the trade to seek a greater profit, please be aware of the risks.

Andy Crowder is a professional options trader, researcher and Chief Analyst of Cabot Options Institute. Formerly with Oppenheimer & Co. in New York, Andy has leveraged his investment experience to develop his statistically based options trading strategy which applies probability theory to option valuations in order to execute risk-controlled trades. This proprietary strategy has been refined through two decades of research and real-world experience and has been featured in the Wall Street Journal, Seeking Alpha, and numerous other financial publications. Andy has helped thousands of option traders learn and implement his meticulous rules-driven options trading strategies through highly attended conferences, one-on-one coaching, webinars, and his work as a financial columnist. He currently resides in Bolton Valley, Vermont and when he’s not trading, teaching and writing about options, he enjoys spending time with his wife and two daughters, backcountry skiing, biking, running and enjoying all things outdoors.