Updated

SBUX Earnings

Bearish on SBUX earnings, between inflation cutting into people's budget and rising labor and material costs, I think they miss

Also overbought on daily MFI with RSI divergence

Note

Only a couple of contracts, kicks and giggles play

Earnings is a crap shoot.

Note

They also closed 16 stores in July over "safety", but I really think it's cost containment

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Revenue up and they beat estimates but margins are down 400 basis points and profit is less than last year.

Looks like it'll gap up by a buck or two tomorrow because they "beat", but just gonna hold my puts because there won't be any follow through.

What's interesting is they withheld guidance, and that usually causes a stock to tank. If they pump it in the morning I might buy next week's puts.

Note

Light AH volume at 460k, resistance at yesterday's top. I think the end result will be like last quarter where it started to drop the day after. Might buy puts EOD tomorrow.

Not gonna worry about it too much since I only bought 2 contracts, but might trade it since I'm watching it anyways.

Note

Earnings a non-event aside from the gap up.

Looks like it;s gonna trade with the market

Order cancelled

Failed trade, made my money back shorting WMT. took this off my list.

hungry_hippo

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hungry_hippo