December 11, 2019 Terry’s Tips Trade Alert #3 – Earnings Eagle   Portfolio

LULU announces after the close today.  We can close our positions and take about a 20% profit with no further risk.  It seems like the prudent thing to do:

BTC 1 LULU 13Dec19 210 put (LULU191213P210)   
STC 1 LULU 24Jan20 210 put (LULU200124P210) for a credit of $3.15 (selling a calendar)

BTC 1 LULU 13Dec19 215 put (LULU191213P215)  
STC 1 LULU 24Jan20 215 put (LULU200124P215) for a credit of $3.48 (selling a calendar)

BTC 1 LULU 13Dec19 220 put (LULU191213P220)
STC 1 LULU 24Jan20 220 put (LULU200124P220) for a credit of $3.75 (selling a calendar)

STC 1 LULU 24Jan20 225 put (LULU200124P225)
BTC 1 LULU 13Dec19 225 put (LULU191213P225) for a credit of $3.89 (selling a calendar)   

STC 1 LULU 24Jan20 230 put (LULU200124P230)
BTC 1 LULU 13Dec19 230 put (LULU191213P230) for a credit of $4.08 (selling a calendar)   

STC 2 LULU 24Jan20 235 calls (LULU200124C235)
BTC 2 LULU 13Dec19 235 calls (LULU191213C235) for a credit of $3.89 (selling a calendar)   

STC 2 LULU 24Jan20 240 calls (LULU200124C240)
BTC 2 LULU 13Dec19 240 calls (LULU191213C240) for a credit of $4.63 (selling a calendar)   

STC 1 LULU 24Jan20 245 call (LULU200124C245)
BTC 1 LULU 13Dec19 245 call (LULU191213C245) for a credit of $4.60 (selling a calendar)   

STC 1 LULU 24Jan20 250 call (LULU200124C250)
BTC 1 LULU 13Dec19 250 call (LULU191213C250) for a credit of $4.30 (selling a calendar)   

Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry