SBUX sample trade case study
Historical sample position label: SBUX Feb18 $… (name truncated in the source screenshot)
Option sales in this sample cycle
| # | Strike | Opened | Income | Closed | Expense | Net |
|---|---|---|---|---|---|---|
| 1 | $57.50 | 12/8/2017 | $1.55 | 2/9/2018 | $2.94 | −$1.39 |
| 2 | $55.00 | 2/9/2018 | $2.27 | 4/13/2018 | $0.07 | $2.20 |
| 3 | $57.50 | 4/13/2018 | $1.08 | 5/17/2018 | $0.40 | $0.68 |
| 4 | $57.50 | 5/17/2018 | $1.50 | 7/2/2018 | $8.73 | −$7.23 |
| 5 | $52.50 | 7/2/2018 | $4.30 | 8/10/2018 | $1.22 | $3.08 |
| 6 | $52.50 | 8/10/2018 | $2.00 | 10/12/2018 | $0.08 | $1.92 |
| 7 | $55.00 | 10/12/2018 | $1.65 | 12/21/2018 | $0.00 | $1.65 |
| Total | $14.35 | $13.44 | $0.91 |
Source rows are labeled "Sell SBUX …". The source doesn't say whether each sale was a put or a call, and the month labels are truncated in the screenshot. Income is the premium received; expense is the cost recorded at close (for example, buying the option back).
How the sample cycle unfolded
The record shows 7 option sales over 378 days, with strikes ranging from $52.50 to $57.50. In 6 cases, a new sale opened on the same day the previous one closed — the pattern of rolling a position forward. Premium received totaled $14.35 per share against $13.44 in recorded closing costs, for a net of $0.91 per share. Some individual sales closed for more than they brought in, and the cycle stayed net positive only because of the premium collected across the other sales.
Assignment: not shown in the source. The rows visible here don't record whether shares were assigned or sold via calls.
Historical sample trade. Prices and dates as recorded; illustrative, not independently audited. Educational only — not verified personal performance, not a recommendation, and not a claim that any order would have filled at these prices.
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