last week mike said lululemon was set to take off on earnings. >> the stock has had a very large run.t's trading tat a big premium to other names that may be deserved i was looking at the september 130, 140, 155 call spread risk reversal selling the 130 puts at 225, buying the 145 calls at 635 and then selling the 135 calls at $1.75 >> take off, the stocks soaring hitting a fresh all-time high up 13%. >>> how are you trading now? >> if you follow us on twitter you know late today i recommended taking your profits on this trade. the stock has run right to that short strike 155 which we had targeted if you wanted to press a bullish bet you could basically roll out this trade, but i think obviously on this one it's time to take profits because there's not that much left in it. >> great call. the way you played it was exactly right, right you know, long premium trades into events, you have to be very convicttive. you have to get a lot of things right. the objective, magnitude of the move and all of that there weren't too many names outside of retail and consumer brands even though options