Monday, January 13, 2014

Monday Jan 13 pre-mkt

TWTR is out with an upgrade from Goldman. I'd be looking for a break past 60 this AM. It's trading around 59.70 in the pre after closing around 57 Friday.

LULU is getting smoked this AM after announcing disappointing sales numbers. It closed at 59.50 and is currently trading around 51.50. I may look to a wkly straddle if I can get in a decent price.

SODA is in the same boat as LULU, however the IV is already at rather elevated levels making a straddle seem expensive. The stock closed right around 50 and is currently trading down at 41.70, new 52wk lows.

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