Bearish on LULU; refuses to go long and targets $85, but waits for downside confirmation before increasing short exposure.
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You have Lulu still popping up here now. Dude, this Lulu is crazy. I can't believe it's back to 100. Okay. Is it time to buy more puts, right?
I'm we I'm going to give it a little more time to see like I want to see confirmation back to the downside here before I get back in because I tried that the other day and I got crushed yesterday. I mean, luckily it played out for me today.
looks like I started buying the $100 puts. It's only two days left, though. I'm going to I'm going to tiptoe into them. I'm going to just accumulate on the way up. I mean, 100 You're at 100 psychological resistance now.
You bought a $100 puts on Lulu. Yeah, expiring in two days. honestly, if you could roll them out, I'd roll them out to next week. They're expensive, man. They're expensive next week.
the 18s. My gosh, look at 100. Well, 100. Um I'm averaging down on the hundreds this week. Yeah, I'm looking at September 18th hundreds. Um that's the only thing it's even decent.
does have a lot of open interest on it though. September, 1800. Yeah. Open interest 5500. Oh, a lot of volume. Oo, a lot of volume today on the 95 and 90 next week.
It's the same reason like Lulu I put a funny post out. yeah, when Lulu was up to like 10 10375 yesterday. I'm like if someone came from the future and told me that Lulu would be up 5% today, I still wouldn't go long Lulu.
It's just against my whole like ethics and like I can't do it. I'm not I don't want the money. I cannot be long Lulu. This thing's going to $85. I'm sorry, you know.
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