Options Oracle: 12/23/20

TOO 122320

This could very well wind up being the best position of the year. LULU is moving up while we are still long the Jan 2022 290 Calls. Today we will be moving up the short side of our spread to keep up with the higher prices in the stock and as I often say…It’s time to “Do the Dance”.  Please try to get this trade done as soon as you can because we have a shortened trading week due to the Christmas Holiday.  (see video link below)

I’ve also attached a PDF file that outlines the details for this trade. Please be sure to review all of the material before entering any trades to your account. Thank you.
Happy Trading and Merry Christmas.

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