Time to Close LULU Call Spread

It's time to close down another late February bearish call spread, this one on Lululemon Athletica (LULU) . This wasn't a big trade in terms of net credit as the short March 17, 67.50-70 call spread only netted $52. Fortunately, it has been a lower-stress trade as the stock hasn't been above its 50-day simple moving average (SMA) since the day of the trade. In fact, it hasn't closed over the 20-day SMA.

Given the short-term push we saw initially in the S&P 500 the week after the trade, I'd say there was a little luck on our side here....56 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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