Traders Make Bullish Bets On Lululemon Athletica Ahead Of Earnings

Shares of Lululemon Athletica Inc LULU have lost more than 14% year-to-date.

On CNBC's "Options Action," Mike Khouw of Optimize Advisors said the stock traded more than three times its average daily options volumes on Monday, with calls outpacing puts by about 2-to-1.

“Right now, the options market is implying a move of about 7.5% higher or lower by the end of the week,” he added.

Check out other stocks making big moves in the premarket.

There were buyers of 1,279 of the April 1 weekly 300 strike calls for an average price of $11.50 per contract, Khouw mentioned. The buyers of these are betting that the stock trades to the upside by Friday.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: Long IdeasOptionsMarketsMediaTrading IdeasCNBCMike KhouwOptimize Advisors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...