Gap up out of support after positive earnings surprise
Updated
Earnins were 14% bettern than expected. Last time earnings were better than expected LULU made 20% profit in less than a year!
Here, price bounces out of support area. Implied volatility rasies, almost 30%. If the Gap partially closes next week I expect IV to grow even further and potentially provide some noce premium to collect on selling calls below the support are
Here, price bounces out of support area. Implied volatility rasies, almost 30%. If the Gap partially closes next week I expect IV to grow even further and potentially provide some noce premium to collect on selling calls below the support are
Note
Sorry I meant of course put not callNote
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