$LULU - Earnings on the 8th AMC

已更新

SELL -1 IRON CONDOR LULU 100 (Weeklys) 11 SEP 20 387.5/397.5/387.5/377.5 CALL/PUT @9.20 LMT

Try to build it yourself. And keep the Risk less than $100.

For every $80 Risk. You have a potential to make to $150 (Realistic targets).

Another earning trade. Betting this wont have a severe move.

The Perfect IRC

註釋

Get one more IC (upto 3x) as the price moves around. So build multiple of this. End of the day you should not risk $100 per contract $300 for entire earning position (one contract only).

So you create a distribution curve around all the price it has traded prior to earning.

Since There are no one $ wide spread opening yet, we cannot adjust like I did at BYND.

註釋

I would expect a bounce post earning level @ 326 to $350

If it happens. With the distributed Butterflies, one should be in the best spot. Other two, close the profitable legs and let the rest expire. Manage the closer one efficiently to minimize the minimal loss. It could become profitable.

Cant predict, but get ready to manage.