Let's officially add the above JO trade to the STP:

• Selling 10 Starbucks (SBUX) 2019 $45 puts for $4 ($4,000) 
• Buying 40 Coffee (JO) June $22 calls for $3.40 ($13,600) 
• Selling 40 Coffee (JO) June $26 calls for $1.70 ($6,800) 

That's net $2,800 on the $16,000 spread so $13,200 upside potential and really all we care about is the $9,200 we hope to make off the bull call spread.  Once we're done with that, we'll roll the SBUX short puts to the LTP unless they are already down 50%, which is unlikely with rising coffee prices!  

Of course that means we're long /KCN7 (July) again at $1.69 too!  

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