My Starbucks (SBUX) position, which is September 20 $90 puts is up 25%, and I have no intention of getting rid of them for a long while.

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My Starbucks (SBUX) position, which is September 20 $90 puts is up 25%, and I have no intention of getting rid of them for a long while.

On Thursday morning, on the heels of our nation’s favorite holiday, I did a premium post which, at the time, noted what I felt was the important fact that the overnight rally had sputtered. I stated, “Let’s see if this sputter itself means anything or if the sputter itself sputters.”

One day does not a trend make, but this is refreshing (and a nice reversal day that I believed might happen as my pre-opening premium post indicated, Spidey-sense style)………
