WATCHING $LULU for 388WATCHING $LULU for 388
I you’re buying this high up - good for you. I wish you the best… but for me it makes no sense to be long this high up.
I have target 1 as 388, but because of the volatility at the moment that is a little too close so I am currently selling puts at 360 (14 days out). I don’t think that I’d be comfortable being long any higher than 360
GL, and let me know your thoughts!!
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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