🎯 $Starbucks Corp(SBUX) Options Strategy : Bull Call Spread

DailyOptions999

$Starbucks(SBUX)$

- Underlying: SBUX

- View: Bullish, targeting breakout above $107.27 to $110-112 range.

- Strategy Type: Debit Spread / Directional Upside Capture

- Option Contract Portfolio:

- Buy 1 SBUX 19 Dec 2026 $110 Call

- Sell 1 SBUX 19 Dec 2026 $120 Call

- Max Gain & Loss: Max Gain = $1,000 per spread ($10 spread width - $9.00 debit). Max Loss = $900 per spread (initial debit).

- Initial Cost/Credit: Debit of ~$9.00 per spread.

- Greek Exposure (Simulated):

- Delta: ~+0.15 (moderate bullish exposure)

- Theta: ~-0.01 (small daily time decay)

- Vega: ~+0.35 (positive exposure to rising IV)

- Gamma: ~0.01

- Rho: ~+0.02

- Rationale: This strategy aligns with the bullish breakout thesis targeting $110+. The long-dated (Dec 2026) expiration provides ample time for the thesis to play out, reducing gamma risk and time decay pressure. The sold $120 call lowers the net cost (debit) significantly, defining max risk. The positive Vega is beneficial as IV is currently low (IV Percentile 16.33%), offering potential for volatility expansion on further bullish momentum. It offers a favorable risk/reward (max loss capped) for a sustained move higher.

- Time Frame: Long-Term (8 months)

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Comments

YueShan
05-01 00:17
YueShan
Good ⭐⭐⭐

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Max Loss = $900 per spread (initial debit).</p>\n<p style=\"text-align: left;\">- Initial Cost/Credit: Debit of ~$9.00 per spread.</p>\n<p style=\"text-align: left;\">- Greek Exposure (Simulated):</p>\n<p style=\"text-align: left;\">- Delta: ~+0.15 (moderate bullish exposure)</p>\n<p style=\"text-align: left;\">- Theta: ~-0.01 (small daily time decay)</p>\n<p style=\"text-align: left;\">- Vega: ~+0.35 (positive exposure to rising IV)</p>\n<p style=\"text-align: left;\">- Gamma: ~0.01</p>\n<p style=\"text-align: left;\">- Rho: ~+0.02</p>\n<p style=\"text-align: left;\">- Rationale: This strategy aligns with the bullish breakout thesis targeting $110+. The long-dated (Dec 2026) expiration provides ample time for the thesis to play out, reducing gamma risk and time decay pressure. The sold $120 call lowers the net cost (debit) significantly, defining max risk. The positive Vega is beneficial as IV is currently low (IV Percentile 16.33%), offering potential for volatility expansion on further bullish momentum. It offers a favorable risk/reward (max loss capped) for a sustained move higher.</p>\n<p style=\"text-align: left;\">- Time Frame: Long-Term (8 months)</p></body></html>","htmlText":"<html><head></head><body><p style=\"text-align: left;\"><a data-mention-id=\"SBUX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Starbucks\" target=\"_blank\" href=\"https://ttm.financial/S/SBUX\">$Starbucks(SBUX)$</a></p>\n<p style=\"text-align: left;\">- Underlying: SBUX</p>\n<p class=\"t-img-caption\"><img data-align=\"center\" data-image-type=\"kline\" src=\"https://community-static.tradeup.com/news/3656330c5c948abc1e2d24d5218a0b32\" tg-width=\"560\" tg-height=\"240\"><span></span></p>\n<p style=\"text-align: left;\">- View: Bullish, targeting breakout above $107.27 to $110-112 range.</p>\n<p style=\"text-align: left;\">- Strategy Type: Debit Spread / Directional Upside Capture</p>\n<p style=\"text-align: left;\">- Option Contract Portfolio:</p>\n<p style=\"text-align: left;\">- Buy 1 SBUX 19 Dec 2026 $110 Call</p>\n<p style=\"text-align: left;\">- Sell 1 SBUX 19 Dec 2026 $120 Call</p>\n<p style=\"text-align: left;\">- Max Gain &amp; Loss: Max Gain = $1,000 per spread ($10 spread width - $9.00 debit). Max Loss = $900 per spread (initial debit).</p>\n<p style=\"text-align: left;\">- Initial Cost/Credit: Debit of ~$9.00 per spread.</p>\n<p style=\"text-align: left;\">- Greek Exposure (Simulated):</p>\n<p style=\"text-align: left;\">- Delta: ~+0.15 (moderate bullish exposure)</p>\n<p style=\"text-align: left;\">- Theta: ~-0.01 (small daily time decay)</p>\n<p style=\"text-align: left;\">- Vega: ~+0.35 (positive exposure to rising IV)</p>\n<p style=\"text-align: left;\">- Gamma: ~0.01</p>\n<p style=\"text-align: left;\">- Rho: ~+0.02</p>\n<p style=\"text-align: left;\">- Rationale: This strategy aligns with the bullish breakout thesis targeting $110+. The long-dated (Dec 2026) expiration provides ample time for the thesis to play out, reducing gamma risk and time decay pressure. The sold $120 call lowers the net cost (debit) significantly, defining max risk. The positive Vega is beneficial as IV is currently low (IV Percentile 16.33%), offering potential for volatility expansion on further bullish momentum. It offers a favorable risk/reward (max loss capped) for a sustained move higher.</p>\n<p style=\"text-align: left;\">- Time Frame: Long-Term (8 months)</p></body></html>","text":"$Starbucks(SBUX)$ - Underlying: SBUX - View: Bullish, targeting breakout above $107.27 to $110-112 range. - Strategy Type: Debit Spread / Directional Upside Capture - Option Contract Portfolio: - Buy 1 SBUX 19 Dec 2026 $110 Call - Sell 1 SBUX 19 Dec 2026 $120 Call - Max Gain & Loss: Max Gain = $1,000 per spread ($10 spread width - $9.00 debit). Max Loss = $900 per spread (initial debit). - Initial Cost/Credit: Debit of ~$9.00 per spread. - Greek Exposure (Simulated): - Delta: ~+0.15 (moderate bullish exposure) - Theta: ~-0.01 (small daily time decay) - Vega: ~+0.35 (positive exposure to rising IV) - Gamma: ~0.01 - Rho: ~+0.02 - Rationale: This strategy aligns with the bullish breakout thesis targeting $110+. The long-dated (Dec 2026) expiration provides ample time for the thesis to play out, reducing gamma risk and time decay pressure. The sold $120 call lowers the net cost (debit) significantly, defining max risk. The positive Vega is beneficial as IV is currently low (IV Percentile 16.33%), offering potential for volatility expansion on further bullish momentum. 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