Looking At Lululemon Athletica's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Lululemon Athletica (NASDAQ:LULU), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 13 uncommon options trades, with 46% bullish and 53% bearish sentiment. Whales have been targeting a price range of $330 to $450 for LULU over the last 3 months.
May 23, 2023 | 3:16 pm
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A large investor has taken a bearish stance on Lululemon Athletica (NASDAQ:LULU) with unusual options activity. Whales have been targeting a price range of $330 to $450 for LULU over the last 3 months.
The unusual options activity indicates that a large investor is taking a bearish stance on LULU, which could lead to increased selling pressure and a potential short-term decline in the stock price. The targeted price range of $330 to $450 suggests that the investor expects significant price movement in the coming months. This news is highly relevant and important for LULU investors, as it may signal a potential change in market sentiment and could impact the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100