#Earnings -Original sale was 167.5/172.5/177.5 iron fly @ 4.11. Skewed it to the upside but not quite enough.

Max loss was .89 so:

Bought to Close AVGO DEC 9 2016 172.5/177.5 Bear call spread @ 4.80 reducing max loss to .69

Then:

Sold AVGO DEC 9 2016 175.0 Put @ .55 reducing max loss to .14

Risk here is AVGO tanking this afternoon so we shall see. Best play would probably be to just take the original loss…LOL

This same strateegery on LULU will work if it stays above 68 today reducing max loss of 120 dollars to a 6 dollar gain.