Stock has bounced here before. Buy low, sell high. Decent R:R + according to Leda R, "has a 10% dividend and is able to support it out of income "
Beautiful bearish gap. Last 4 days have been a stair step pattern. GPRO at times can be hard to short. One could do Jan puts.. Target is $20 and below
70/72.50 57.50/55 Iron Condor expiring in Aug. .30 limit I will not even LOOK at the bull put spread unless LULU closes below the 200 sma. I will not even look at the BCS portion unless LULU closes above 68.51 Some may already be in the bcs - if you are, just leg into the bull put spread.
The spreads that Leda and Stan are doing are over 4 weeks of time BUT in my opinion very safe. The spreads are below the 100 / 200 SMA, and most moving averages on the weekly, along with strong support prices.
Nice gap, nice EMA"s good volume, nice candle.