Diagonal Back Spread – SBUX

Sell 1 x Jan 21 $105 call, Buy 2 x Apr 16 $110 call @ $5.64 debit.

Test case for how this setup performs over time. Ideally looking for structuring the trade so the sale of call finances all, or most of, the cost of the 2 long calls (McMillan thinks it is possible) – but I’m not too sure.

#DiagonalBackSpread