SBUX Earnings Tonight – Chart Showing….


SBUX released their earnings tonight after the close of the regular session.  Options are pricing in a nice move in either direction.  I think the chart may be telling us where the stock heads tonight and into the later part of 2012. I will wait until an hour into the trading day and position myself for SBUX via out of the money options.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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