TD Ameritrade Chief Strategist Says Market Expects 7% Move For Lululemon Athletica

Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said typically few options are traded on Lululemon Athletica inc. LULU.

On Monday morning, only 3800 options had been traded on the stock. However, elevated sales were seen on the March $60 Puts.

Implied volatility in the options market indicated that the market expected the stock to move, up or down, over 7 percent ahead of earnings, according to Kinahan.

Lululemon is scheduled to report Q4 earnings Thursday before the market open and recently traded at $61.72, down 2.49 percent.

Kevin Riley and Brianna Valleskey contributed to this report.