Looking At Lululemon Athletica's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 39% bullish and 60% bearish. Out of the special options, 19 are puts, for a total amount of $946,841, and 4 are calls, for a total amount of $244,249. Whales have been targeting a price range from $360.0 to $410.0 for Lululemon Athletica over the last 3 months.
November 02, 2023 | 2:49 pm
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Unusual options activity indicates a significant bearish stance on Lululemon Athletica. The sentiment of big-money traders is 60% bearish, targeting a price range from $360.0 to $410.0.
The unusual options activity, with a significant number of puts and a bearish sentiment among big-money traders, indicates a potential downward pressure on Lululemon Athletica's stock price in the short term. The targeted price range also suggests a potential decrease from the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100