Lululemon (LULU) is up around 15% after beating earnings estimates on the top and bottom line. Comp sales were up double-digits in the quarter and the company saw international sales growth. Recession risk and consumer strength risks remain for the company, but LULU's consumer base is more affluent, says Tom White. He brings 2 examples trades: a bullish call butterfly, and a neutral-to-bullish put spread.
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