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very nice. is SBUX downtrend due to how high $JO’s been? also, you think this week might be a play on puts for Russian stocks or we should have done that last week?. thanks
Thank you, hp. SBUX was ripe for a correction after a steep multi-year run. I think the JO strength has been just another excuse for it. I would consider a short Russian play right here to be very very aggressive. Last week would have been better.
What do you think of URBN?
Neutral here. Short under $37, potential bounce over $38.