LULU bull put spread

sell to open the $320
Buy to open the $310
$1.00 limit

Which is 20% roi

I'll be watching this one if it closes below $330 (I'll begin shorting shares there or day trading to protect my downside)

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Adding some positions on this one

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On LULU, might get into a bear call spread another few points higher. Create the iron condor…

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The Mid price on the LULU spread is .48. I am going to float an order out this week at .35 to see if we can buy to close this spread for a profit this week. It doesn’t seem there is any money in a bear call spread :/ BUT = that’s okay! this will be a gorgeous win if it fills this week for .35 :)