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Income Masters Trade Alert: LULU, ROKU, ZM

Our Lululemon Athletica (LULU), Roku (ROKU) and Zoom Video Communications (ZM) spread expire today.

With all three stocks selling off sharply, I am recommending we close them now. If they were put positions, I would roll to buy more time. But they are not. They are highly leveraged spread so closing now is the right decision.

ZM can be closed for a small profit. We will carry over our net debits on LULU and ROKU when I recommend new spread positions on each.

LULU Oct Week Five (10/30) 310/300 Put Spread

Current Stock Price: $316.55

Net Debit: $8.07

Action:

  • Buy to close the LULU Oct Week Five (10/30) 310 Put for around $0.58
  • Sell to close the LULU Oct Week Five (10/30) 300 Put for around $0.05
  • Set initial debit limit at $0.53

New Net Debit: $8.60

ROKU Oct Week Five (10/30) 200/190 Put Spread

Current Stock Price: $207

Cash in Hand: $0.31

Action:

  • Buy to close the ROKU Oct Week Five (10/30) 200 Put for around $0.53
  • Sell to close the ROKU Oct Week Five (10/30) 190 Put for around $0.10
  • Set initial debit limit at $0.43

Net Debit: $0.12

ZM Oct Week Five (10/30) 450/440 Put Spread

Current Stock Price: $466.48

Cash in Hand: $0.70

Action:

  • Buy to close the ZM Oct Week Five (10/30) 450 Put for around $1.05
  • Sell to close the ZM Oct Week Five (10/30) 440 Put for around $0.45
  • Set initial debit limit at $0.60

Profit: $0.10, or $10 per spread

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