Lulu Setting up for High Volatility play

2019年9月6日

Lulu beating earnings will gap it up into a supply zone from back in August. Looking at the OIC ivolatility chart, IV sitting at 50% while historic around 30%. Last time 2x when seen these levels the IV has dropped pretty hard. With indexes looking to catch up with EMAs and possible friday selloff, This could be a great set up for Call Credit Spreads here. Set it up and let time do the work for you. Im def looking to jump into this one!

2019年9月6日

註釋

Nothing but a Gap and run here. High sentiment for this equity. Still oberextended but no entry confirmation yet