December 9, 2019 Terry’s Tips Trade Alert – Earnings Eagle  Portfolio

LULU is up a couple dollars today, making us negative net delta.  Adding these spreads will make us more positive, and the prices seem fair:

BTO 1 LULU 24Jan20 235 call (LULU200124C235)
STO 1 LULU 13Dec19 235 call (LULU191213C235) for a debit of $4.00  (buying a calendar)    

 

BTO 1 LULU 24Jan20 240 call (LULU200124C240)
STO 1 LULU 13Dec19 240 call (LULU191213C240) for a debit of $3.92  (buying a calendar)    

 

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

Happy trading.

Terry