Jon Najarian Sees Unusual Activity in KSS & LULU

KSS

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.

LULU

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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