Option Strategies: LULU
Hello everyone! Today i want to share some trading strategies with you!
1.
$Lululemon Athletica(LULU)$ announces earnings after the closing bell today. Expected move is ~11% with IV above 200%.
Am looking to write puts at the Dec 19 expiry 150 strike, or may ladder strikes between 130 to 150.
This company has been beaten down A LOT the past few earnings. That said, looks like price action is basing, and thus building volume support at the 160 level.
Could this be an opportune chance to capture highly elevated IV and not have to go far out on the DTE also?
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