Lululemon Athletica Unusual Options Activity For October 24
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades suggest a target price range of $320.0 to $450.0 for Lululemon Athletica over the next three months. The current price of LULU is $399.14, down 0.82%.
October 24, 2023 | 5:01 pm
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Unusual options activity suggests a significant bullish stance on Lululemon Athletica. The target price range is $320.0 to $450.0 over the next three months.
The unusual options activity, which is not normal, indicates that a large investor has taken a significant bullish stance on Lululemon Athletica. This could potentially drive the stock price up in the short term. The target price range suggested by these trades is $320.0 to $450.0 over the next three months, which is higher than the current price of $399.14.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100