Lululemon Athletica Unusual Options Activity For June 05
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Lululemon Athletica (NASDAQ:LULU), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 uncommon options trades, with 60% being bearish and 40% bullish. The targeted price range for LULU over the last 3 months is $350 to $400.
June 05, 2023 | 2:32 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A large investor has taken a bearish stance on Lululemon Athletica (NASDAQ:LULU) with unusual options activity. 60% of the trades are bearish, while 40% are bullish. The targeted price range for LULU over the last 3 months is $350 to $400.
The unusual options activity indicates that a large investor is taking a bearish stance on LULU, which could potentially drive the stock price down in the short term. The 60% bearish sentiment outweighs the 40% bullish sentiment, suggesting that the market may react negatively to this news. Additionally, the targeted price range of $350 to $400 over the last 3 months shows that there is potential for the stock price to fluctuate within this range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100