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What's Your Assumption?

What's Your Assumption: Lululemon Earnings Trade and QS Baby Position

| Nov 19, 2025
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    What's Your Assumption?

    What's Your Assumption: Lululemon Earnings Trade and QS Baby Position

    Nov 19, 2025
    Hosts Nick and Tony conducted a position management-focused What's Your Assumption session as markets reversed dramatically from morning weakness. The session opened with Nick demonstrating TastyFX platform features showing his painful Euro-Japanese Yen position up 500 bucks but held due to small sizing discipline, emphasizing the importance of avoiding additions into losses. The primary activity involved rolling the zero-day SPX iron condor's 6585 short puts up to 6620 for $2.65 additional credit (now at $7.50 total) given the 120-handle rally, with Nick placing GTC order at $6.75 to close. New positions included long MCL micro crude futures supporting viewer's USO bullish thesis and QS December 12 puts at $1.08 for tiny $108 capital commitment. Multiple passes included IBIT-MSTR pair trade (too complex for shares, already long IBIT), Amazon (already positioned with 220 puts and diagonal spread), Tesla put diagonal (Nick passing after $10 rally with 18 IV rank), and ARKK (untradeable markets with hard-to-borrow stock creating distorted call prices). The Lululemon 140 put/185-200 call ratio spread attempt at $4.75 highlighted challenges of wide markets (dollar-wide spreads) deemed "not Johnny approved" for smaller accounts.

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