The 55 strikes are the most heavily owned by a 5/2 ratio over anything. Wish I had seen this before the marked closed. If SBUX holds up at all Monday, I'm buying a 57.50/55 put spread for about .85. If it closes @/under 55 you are looking at a 200% gain. B/E at 56.65. GLTY
thats crazy, unless the markets blow up you will have a tough time going against the tide. The gov;t wants markets at all time highs soon. Everything is working against the trade unless as mentioned Europe blows up, but the dip will be bought. GL
Max pain is the tide. Sbux was brought down to the 57.50 level on March options.
This all time high has been on low volume. When actors and actresses tell you they are getting into the market, its time to sell. I appreciate the concern. I am long diagonal calendars(long '15 50 calls-short April 60 calls), so this is a hedge.
I hate being on the short side of this stock. While it has run, and topped at low volume, it is a tank. I seldom have made money on the short side. Made lots of $$ shorting puts though and short term long the stock. Good luck.