We are recommending the following credit spreads to the November expiration cycle.
We are recommending credit spreads for our Portfolio #2
We are recommending credit spreads on the following issues.
LULU - Lululemon athletica inc., together with its subsidiaries, designs, manufactures, and distributes athletic
apparel and accessories for women, men, and female youth. It operates in three segments: Corporate-Owned Stores, Direct To
Consumer, and Other. The companyÂ’s line of apparel include fitness pants, shorts, tops, and jackets for healthy lifestyle
activities, such as yoga, running, and general fitness. Its fitness-related accessories comprise bags, socks, underwear,
yoga mats, instructional yoga DVDs, and water bottles. The company sells its products through a chain of corporate-owned
and operated stores; direct to consumer through e-commerce Websites; and a network of wholesale channel, such as premium
yoga studios, health clubs, and fitness centers. As of February 3, 2013, it operated 135 stores in the United States, 51
stores in Canada, 23 stores in Australia, and 2 stores in New Zealand under the lululemon athletica and ivivva athletica
brand names. lululemon athletica inc. was founded in 1998 and is based in Vancouver, Canada.
Call credit spread = Bearish call spread.
We are also adding a put spread on HD which when completed will give us, along with our current call spread on
HD, an iron condor.
we are recommending the following specific credit spread
Put credit spread = Bullish put spread.
MCM December 2013 recommendations will begin next weekend November 1st - 2nd.