LULU has been on tear lately but a bit under analyst average price ratings.
It has had a double top and broke though it.
I did an options trade for expiry date of Dec 18th, 2020, 1 contract call option at strike price of $350.
If I watch the share price continue to rise, I will keep the option until such time that momentum dies down and it starts to dip. I am keeping an eye out for the earnings in August as well. I am thinking it will reach 340ish and start to dip a little bit.
It has had a double top and broke though it.
I did an options trade for expiry date of Dec 18th, 2020, 1 contract call option at strike price of $350.
If I watch the share price continue to rise, I will keep the option until such time that momentum dies down and it starts to dip. I am keeping an eye out for the earnings in August as well. I am thinking it will reach 340ish and start to dip a little bit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.