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Starbucks (SBUX) Trading Near $55.14 Resistance Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Starbucks (<a href="http://www.marketintelligencecenter.com/symbol/SBUX">SBUX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $52.50 covered call for a net debit in the $51.34 area. That is also the break-even stock price for the covered call. This trade will return 2.25%, or 23.56% annualized (for comparison purposes only), in 35 days. This covered call also provides 4.51% downside protection. The current 52-week low is $52.58 and the 52-week high is $64.87. Starbucks stock has been showing support around $53.06 and resistance in the $55.14 range. The stock closed Feb 8, 2018's trading session at $53.77.A

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