Lululemon Athletica Inc. LULU
Yesterday morning, we hashed out some options ideas, among which were the LULU Weekly $340-335 Puts. The company’s year-over-year quarterly figures came back low, as is to be expected with many retailers during the pandemic.
The lackluster earnings drop provided our bearish ideas with some intraday firepower that was as follows:
LULU Weekly $340-335 Puts
$340: 12.02-25.55 (+93%)
$337.50: 10.95-22.37 (+105%)
$335: 9.26-21.40 (+118%)
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Fresh Options Ideas:
RH Weekly $360-380 Calls
SPY Calls $340-341 Calls
Basanite Inc. BASA
On Tuesday morning, we signaled BASA for observation, keeping it on yesterday’s extended watchlist as well. Over those couple of sessions, the stock has made a very nice move from Tuesday’s low of .6147 to yesterday;s high of 1.12.
That works out to an intraweek wing of 82% and we will continue to keep an eye on this runner for the possibility of further advances.
Extended Watchlist:
VNUE, BFGC, VYON, WHEN, KNRLF