Were LULU earnings as interesting as their yoga pants?
Download Option Block 649: Getting Naked in LULU
Trading Block: A thin day in the market. Lululemon (LULU) after the bell: ATM straddle – $6.75, approx. 12%. Will invisible yoga pants strike again?
Odd Block: A review of past paper:
- Paper buying strangles in Tesla Motors (TSLA) on Aug 3rd.
- Call love in Extended Stay America (STAY) on Aug 7th.
Strategy Block: Uncle Mike Tosaw discusses call spread trades
Mail Block/Options Question of the Week:
Let’s get cheap! If you had to buy “lottery ticket” December calls for $.05 in one name – which would you choose? #HomeRun
- AMZN
- AAPL
- Tesla
- VIX
Listener Questions: What is on your mind?
- Question from Bobster – Can you trade options outside of US trading hours?
- Question from Nanfran – What do you think would be a good option to buy right now heading into the end of summer?
Around the Block: One last look at Lululemon (LULU)