Collecting Our SBUX Perks Dear Savio, After a relatively quiet month of trading in February, volatility has been picking up on Wall Street this week. We’re nowhere near the panic levels we saw a year ago, but traders seem to be getting a little antsy. During moments like these, we have found it is best to quickly take profits off of the table when they arise in the portfolio because you never know how quickly the stock is going to turn around and start moving the opposite direction. Take Starbucks (SBUX), for instance. The stock has rebounded nicely after dropping below our strike price of $103. However, it is approaching strong resistance at $107 and could bounce back lower within its current consolidation range. 
Since we only have a week until expiration, we think this is an excellent opportunity to take our profits off the table. We recommend you… ‘Buy to close’ the SBUX March 5th $103 Put Write (SBUX210305P00103000) at market. We’re sure we’re going to get another opportunity to enter a new trade on SBUX when the stock pulls back again. Until then, enjoy your profits and a wonderful weekend! Long-Term Focused Strategic Positions: If you haven’t already entered the following and can still get in for a price at, or better than, our recommended minimum/maximum, we still recommend entering: - Put Write: (Short) NKE March 19th $130 Put Write (NKE210319P00130000) for a minimum of $3.15.
- Put Write: (Short) UPS March 19th $155 Put Write (UPS210319P00155000) for a minimum of $2.55.
- Put Write: (Short) KO March 19th $50 Put Write (KO210319P00050000) for a minimum of $1.25.
We are still holding the following strategic trades, but either the current value of the short option or the price action of the stock itself don’t warrant entering a new trade at this time. If you haven’t already entered these trades, we recommend waiting until further notice before opening a new position: - Put Write: (Short) AAPL March 5th $128 Put Write (AAPL210305P00128000) for a minimum of $3.30.
- Put Write: (Short) CHGG March 19th $100 Put Write (CHGG210319P00100000) for a minimum of $2.10.
- Put Write: (Short) MSFT March 5th $240 Put Write (MSFT210305P00240000) for a minimum of $5.80.
- Put Write: (Short) STZ March 19th $225 Put Write (STZ210319P00225000) for a minimum of $6.00.
- Put Write: (Short) TGT March 5th $185 Put Write (TGT210305P00185000) for a minimum of $4.00.
- Put Write: (Short) TTWO March 12th $197.50 Put Write (TTWO210312P00197500) for a minimum of $6.00.
If put-writes and buy-writes are new strategies for you, be sure to check out our Resources page for more information. For more on these trades, be sure to attend our next weekly webinar Wednesday 8 p.m. ET. Sincerely, 
John Jagerson and Wade Hansen
Editors, Strategic Trader
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