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Lulu Setting up for High Volatility play

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lululemon athletica (NASDAQ:LULU)  
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NASDAQ:LULU   lululemon athletica
Chart Patterns Trend Analysis
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chartpattern trendanalysis
Lulu beating earnings will gap it up into a supply zone from back in August. Looking at the OIC ivolatility chart, IV sitting at 50% while historic around 30%. Last time 2x when seen these levels the IV has dropped pretty hard. With indexes looking to catch up with EMAs and possible friday selloff, This could be a great set up for Call Credit Spreads here. Set it up and let time do the work for you. Im def looking to jump into this one!
Komentar:
Nothing but a Gap and run here. High sentiment for this equity. Still oberextended but no entry confirmation yet
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