Cashed Out SBUX+47%
We just recently sold our Starbucks position on 20 Aug for a gain of +47% rate of return.
This was the trade:
On 27 Jul Emerald Chase alerted Emerald Chasers to buy the SBUX 31 Aug 50/53 call spread at $1.84. Well we rode out the contract and were in profit mode a bit more than half way through contract, having sold the spread for $2.75. So that amount less our cost came out to a pretax profit of $.88 per share times 100 shares (one contract is comprised of 100 shares) so $88 off $184 risked.
