WORK is trading dramatically lower and our credit spread that we sold above the market looks to expire for full value.

LULU came out with decent numbers last night yet traded sharply lower.

Lululemon’s revenue rose about 2% to $902.9 million from $883.4 million a year earlier, beating expectations for $842.5 million.

LULU's online sales we're up 157%.
Earnings per share: 74 cents, adjusted, vs. 55 cents expected

CEO Calvin McDonald said the retailer is “cautiously optimistic” about the rest of the year. Lululemon is not offering a 2020 outlook at this time. It said almost all, 97%, of its stores globally have reopened to date and store sales are averaging about 75% of their levels a year ago." - CNBC

LULU is continuing to climb from its overnight lows. We will look to exit this trade this morning if we get any bounce on the open, stay tuned for an update before noon.