SBUX is having earnings in 29 days; in order to try to take advantage of the IV into earnings I bought a Diagonal Put spread as follows: Bought the Apr 22, 61 Put and Sold the Apr 15, 57.5 Put for a net debit of $2.10
My stop is at $60, otherwise I’ll hold the position until the 57.5 expires or I make 60% of max profit.