Jim Strugger's Lululemon Options Trade

Speaking on Bloomberg Markets, Jim Strugger of MKM Holdings said that Lululemon Athletica inc. LULU has some positive momentum and he suggested a bullish options strategy in the name.

Strugger thinks that it would be a good idea to buy the March 70 call and sell the March 80 call for around $2.50. The trade breaks even at $72.50 or 6.32 percent higher and it can maximally make a profit of $7.50 if Lululemon jumps 17.32 percent or higher. Strugger added that the company is not going to report earnings until March, but there might be some positive news from the ICR conference.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsMediaBloomberg MarketsJim StruggerMKM Holdings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!