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