Looking At Lululemon Athletica's Recent Unusual Options Activity
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 21 uncommon options trades, with 38% bullish and 61% bearish sentiment. Whales have been targeting a price range of $300 to $490 for LULU over the last 3 months.
June 26, 2023 | 8:31 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 $300 to $490 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 $300 to $490 by whales over the last 3 months also suggests that there is uncertainty about the stock's future performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100