Decoding Lululemon Athletica's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Lululemon Athletica (NASDAQ:LULU) shows a bearish sentiment among big-money traders, with 54% of trades being puts. The stock is currently trading at $240.23, up 2.91%, with an anticipated earnings release in 21 days. Analysts have mixed ratings, with a consensus target price of $330.8.
August 08, 2024 | 3:02 pm
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Lululemon Athletica has seen significant bearish options activity, with 54% of trades being puts. The stock is currently trading at $240.23, up 2.91%. Analysts have mixed ratings, with a consensus target price of $330.8. Earnings are expected in 21 days.
The significant bearish options activity suggests that big-money traders expect a potential decline in Lululemon's stock price. Despite the current price increase and mixed analyst ratings, the bearish sentiment in options trading could indicate upcoming negative news or performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100