Earnings season is officially behind us. However, that doesn’t mean that we won’t have an opportunity or two to rear its head on a weekly basis. This week Micron (MU) and Lululemon (LULU) present potential opportunities. The options are highly liquid in both underlying stocks and the IV rank for both sits above 40. Moreover, we have the ability to create a nice, wide range around the expected moves.
I will be exiting the Home Depot (HD) trade today.