Bearish flow noted in Lululemon with 74,940 puts trading, or 3x expected. Most active are Apr-24 460 puts and Apr-24 450 puts, with total volume in those strikes near 43,200 contracts. The Put/Call Ratio is 3.35, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 30th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LULU:
- Lululemon price target lowered to $470 from $525 at Piper Sandler
- Lululemon price target lowered to $445 from $540 at Oppenheimer
- Lululemon (NASDAQ:LULU) Slips on Analyst Comparisons to Under Armour
- Lululemon price target lowered to $240 from $300 at Jefferies
- The Week That Was, The Week Ahead: Macro & Markets, March 31, 2024