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Tuesday, December 12, 2017

CNBC reco: Jon Najarian Sees Unusual Activity in KSS & LULU

  • source; April 19, 2017
  • charts several months later: options trades did NOT work out


Traders are buying a few thousand May 42.50 calls, selling puts against them to create a bullish spread. Jon thinks the stock trades higher into earnings, will be in it for 2-3 weeks.


Jon saw some unusual activity in LULU a few weeks ago and has been holding the name in light of some private equity speculators coming into the name. Jon sold some puts in LULU a few weeks ago, and is holding May call options until expiration.

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