Let’s book terrific profits on our Lululemon Athletica (LULU) positions by closing now.
LULU Aug Monthly (8/21) 300 Put
Current Stock Price: $337.19
Cash in Hand: $3.50
Action: Buy to close the LULU Aug Monthly (8/21) 300 Put for around $0.94
Profit: $2.56, or $256 per contract
LULU Aug Monthly (8/21) 285/280 Put Spread
Cash in Hand: $0.38
Action:
- Buy to close the LULU Aug Monthly (8/21) 285 Put for around $0.35
- Sell to close the LULU Aug Monthly (8/21) 280 Put for around $0.25
- Set initial debit limit at $0.10, but adjust as needed to close today
Profit: $0.28, or $28 per spread