Extract Profit From Starbucks Stock Swings With This Long Strangle Option Trade

Starbucks (SBUX) is currently trading with a very low implied volatility rank which means options on the coffeehouse chain are cheap compared to the last 12 months. That could mean it's a good time to look at a breakout trade such as a long strangle. A long strangle is constructed through buying an out-of-the-money call and an out-of-the-money put.