Yesterday I sent out suggested trades for LULU’s Monday earnings announcement. The stock has rallied over $2.50 since then, and we have raised our strike prices by 2 ½ and placed the following trades today:
June 7, 2013 Trade Alert – PEA Picker Portfolio – limit orders
LULU announces earnings after the close on Monday and we will get these orders in today, committing a little over half our money:
BTO (buy to open) 10 LULU Jul-13 82.5 calls (LULU130720C82.5)
STO (sell to open) 10 LULU Jun2-13 80 calls (LULU130607C80) for a debit limit of $.25 (buying a diagonal)
BTO 5 LULU Jul-13 85 calls (LULU130720C85)
STO 5 LULU Jun2-13 85 calls (LULU130607C85) for a debit limit of $1.37 (buying a calendar)
Happy trading.
Terry
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