🎯 $Lululemon Athletica (LULU) Options Strategy: Bull Put Spread (Credit Spread)

DailyOptions999
07-13 17:11

$Lululemon Athletica(LULU)$

- Underlying: LULU

- View: Bullish to Neutral. Expect the stock to stay above a key support level, capitalizing on positive momentum and high IV to collect premium.

- Strategy Type: Credit Spread / Defined Risk

- Option Contract Portfolio:

- SELL 1 LULU 19 Jul 2026 $115 PUT @ ~$1.13 (Mid Price)

- BUY 1 LULU 19 Jul 2026 $110 PUT @ ~$0.32 (Mid Price)

- Max Gain & Loss: Max Gain = Net Credit Received ($81). Max Loss = Width of Spread ($5) - Net Credit ($0.81) = $419 per spread.

- Initial Cost/Credit: Initial Net Credit of ~$0.81 per share ($81 per spread).

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