Nearly a month ago we expressed a near term bearish view on LULU in the form of outright puts (when the stock was 4% higher). To refresh, here was the trade: [hr] Previous Post April …
Continue readingLULU
On Friday after noon we outlined a trade idea in the Consumer Discretionary etf, XLY. The idea was not to press the weakness, but wait for a bounce and then enter the trade. With equities …
Continue reading
Here is a quick recap of trades that we initiated, closed, or debated in the week that was April 13th to 17th:
Continue reading
Expanding on the consumer discretionary theme from earlier (New Trade – $LULU: Downward Dog?), I think it warrants taking look at a sector etf that has been more resilient then teflon, the XLY. All you …
Continue reading
Since the start of April we have made a few defined risk bullish Trades in consumer discretionary stocks: Macy’s (M): Trade Update – Macy’s ($M) – The Parade Rolls On Nike (NKE): New Trade – $NKE …
Continue reading
LULU reports fiscal Q2 earnings tomorrow before the open. The options market is implying about an 8.5% one day move, which is shy to the 4 qtr avg of about 10%. As I write, options …
Continue reading
There has been no shortage of rumors over the last couple weeks about potential corporate action or M&A in oversold consumer stocks with high short interest like LULU (25% of float), WFM (10% of float) and …
Continue reading
From its 2009 lows below $20, to the recent all time highs on the first trading day of 2014 above $80, BBBY dramatically outperformed the broad market, and most peers, gaining more than 300%: Since …
Continue reading
Yesterday there was some divergent price action in two semi-highend retailers, COH and KORS, with COH shares attracting some notable put volume in front of tomorrow’s annual analyst meeting. As I detailed on Fast Money …
Continue reading
LULU’s stock has seen better days, down almost 50% from its all time highs last spring, and down 26% year to date. Wall Street analysts remain fairly mixed on the stock with 16 Buys, 16 Holds …
Continue reading