Starbucks Corp. (SBUX) opened at 22.79. So far today, the stock has hit a low of 22.73 and a high of 23.12. SBUX is now trading at 22.82, down 0.05 (-0.22%).The stock hit its 52 week high of 37.40 in November and set its 52 week low of 21.77 in November. SBUX has been generally lower for the past year. Shares of Starbucks have been relatively flat today after a Friedman, Billings, Ramsey analyst upgraded the stock to "Outperform" from "Market Perform" on U.S. saturation and competition. Technical indicators for the stock are bearish and steady while S&P gives SBUX a very positive 5 STARS (out of 5) strong buy rating. If you’re looking for a hedged trade on this stock, consider a January bull-put credit spread below the $20 level. SBUX stock could fall up to 12.4% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]