🎯 $lululemon athletica (LULU) Options Strategy: Bull Put Spread (Credit Spread)
- Underlying: LULU
- View: Cautiously bullish / Short-term oversold bounce. Expecting consolidation with a potential test of the $115 pivot.
- Strategy Type: Credit Spread / Defined Risk
- Option Contract Portfolio:
- Sell 1 LULU 2026-07-02 $110 Put @ $1.61 (Mid-Price)
- Buy 1 LULU 2026-07-02 $105 Put @ $0.48 (Mid-Price)
- Max Gain & Loss:
- Max Gain (Credit Received): $1.13 per spread ($113 per contract)
- Max Loss: $3.87 per spread ($387 per contract)
- Initial Cost/Credit: Initial Credit of ~$1.13 per spread.
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