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 10 uncommon options trades, with 40% bullish and 60% bearish sentiment. Whales have been targeting a price range of $380 to $440 for LULU over the last 3 months.
June 21, 2023 | 2:32 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 $380 to $440 for LULU over the last 3 months.
The unusual options activity indicates that a large investor is taking a bearish stance on Lululemon Athletica, which could lead to increased selling pressure and a potential short-term decline in the stock price. The targeted price range of $380 to $440 by whales over the last 3 months also suggests that there is significant interest in this stock, which could impact its price movement in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100