Market Overview

Jim Strugger's Lululemon Options Trade


Speaking on Bloomberg Markets, Jim Strugger of MKM Holdings said that Lululemon Athletica inc. (NASDAQ: 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.


Related Articles (LULU)

View Comments and Join the Discussion!

Posted-In: Bloomberg Markets Jim Strugger MKM HoldingsOptions Markets Media