LULU seems scooping after a huge run & also breaking down from a rising wedge. Money-flow is strongly down in the neg-side. We think its run is over, and it will fall from here with the earning report. On the trading side we like to take option on earnings here, we are looking for SepW1 75 put $2.07, and Oct 75 put for $3.46
You can check our updated analysis on GALE in the trading room/ Executive summery link here- screencast.com/t/OW2hiYHBB1eS Time Span: 22:50" Trade Status: Pending
This was just wowsome trade!
We closed our SepW1 75 put for $5.5, that was 165% return in 3 days. We are still holding Oct 75 put.